The commercial real estate sector must adjust to a trend in which corporate tenants increasingly see buildings as tools to recruit and retain talent and boost workforce productivity, panelists said at the ULI Spring Meeting in Nashville. Real estate developers need to focus on designing innovative, customized spaces and offering amenities that help their tenants meet their strategic goals concerning human capital.
Outgoing ULI Global Chairman Thomas Toomey was honored at the 2019 Spring Meeting by the Institute’s leadership at the Global Governing Trustees dinner, which was held at Nashville’s Country Music Hall of Fame. In remarks to the group, Global Chief Executive Officer Ed Walter praised Toomey for his leadership and the financial support he provided for the creation and implementation of ULI’s Global Strategic Plan, which seeks to improve the member experience through investments and initiatives to strengthen member engagement and impact.
Homeownership is still the American dream, but the home Americans are dreaming about does not look like yesterday’s traditional house with its formal living and dining rooms, large yard, and price that is out of reach for many people. A panel of industry experts addressed the U.S. shortage of housing during the ULI Spring Meeting, prompted by a new report, Attainable Housing: Challenges, Perceptions, and Solutions, from ULI’s Terwilliger Center for Housing and RCLCO.
Speaking at the ULI Spring Meeting in Nashville, bestselling author and Pulitzer Prize winner Jon Meacham said that as far back in America’s history as the Revolutionary War, Americans have been able to change their minds and switch sides on many issues. “America was founded on the idea that we could think our way through problems,” he said.
The civil rights struggle of 50 years ago—Nashville was the first southern city to desegregate public services, setting an example for activists throughout the South—continues today, but now it is more focused on economic equality. That was the main takeaway from a ULI Spring Meeting session during which panelists discussed how much the civil rights struggle has achieved and how much further it has to go.
The success of ULI’s 2019 Spring Meeting—which drew 4,300 attendees, the highest ever for a Spring Meeting—is indicative of the Institute’s ongoing efforts to improve the member experience, ULI Global Chief Executive Officer Ed Walter said in remarks at the meeting’s closing session. He praised outgoing Global Chairman Thomas Toomey for his leadership in the creation and implementation of ULI’s Global Strategic Plan, which seeks to strengthen member engagement and impact.
Outgoing ULI Global Chairman Thomas Toomey reflected on the Institute’s uniqueness as well as its future as an organization with a strong philanthropic culture during remarks made at the 2019 Spring Meeting’s closing session. “What makes [ULI] unique is that our work, performed by ULI members and real estate leaders, changes people’s lives by changing cities for the better. No other real estate institution comes close to doing so much for so many,” Toomey said.
The U.S. economy continues to perform strongly nearly a decade into the current recovery and China appears to be bouncing back from a slowdown, but weakness in Europe is a cause for concern, a prominent business journalist told an audience at the ULI Spring Meeting in Nashville. The U.S. GDP growth trend is still solid, said Kathleen Hays, global economics and policy editor for Bloomberg Television and Bloomberg Radio, who has covered the U.S. economy and the Federal Reserve for more than 30 years. “The bottom line is the economy is still growing and it’s still creating jobs,” Hays said.
The United States’s economic expansion is expected to continue over the next three years, with growth moderating by 2021, according to the 15th annual ULI Real Estate Economic Forecast covering 27 economic and real estate indicators.
A new generation of software platforms could do everything from monitoring buildings’ energy and water use in real time to providing tenant workforces with on-site access to medical treatment services, said panelists at ULI’s Spring Meeting.