Trish Riggs

Trish Riggs is a public relations consultant and freelancer with Keadle-Riggs Communications. Riggs was a senior vice president with the Urban Land Institute from 2005 to 2019.

D’Andrea Tyson, a member of President Obama’s Economic Recovery Advisory Board, discussed efforts to boost the recovery’s slow pace during ULI’s 2010 Fall Meeting in Washington. According to D’Andrea Tyson, given the severity of the recession and the resulting excess capacity in most businesses, slow job growth can be expected for some time. Read about the three areas she outlined as areas of focus for the board to move toward recovery and stability.
As the hospitality industry starts to recover from the low point it reached over the past couple of years, some trends have emerged that show changes in consumer preferences -- particularly at the ultra-luxury level -- that will likely dominate the industry for years to come. Read about the trends in hospitality planning and design as laid out by experts from Solage Hotels & Resorts; The West Paces Hotel Group; and, Marriott International, Inc.
At nearly 78 million, Gen Y, aged 15- to 32-years old, is now the largest generation in the U.S. Early findings from an upcoming survey being published by the Urban Land Institute suggest that the echo boomer generation, or Gen Y, holds a high view of the American Dream –- despite the housing market collapse -- with the majority of respondents expecting to own homes within five years.
Panelists J. Ronald Terwilliger, Henry Cisneros, Steve Preston, and Bart Harvey shared their thoughts on how federal housing policy might be reshaped to strike a better balance between homeownership and renting following the recession during a panel moderated by Thomas S. Bozzuto, Sr. All the participants are members of the ULI Terwilliger Center Advisory Board.
The real estate market faces an uncertain recovery, said ULI Chairman Jeremy Newsum in a recent video interview, because it follows the world economy, which itself remains fragile. Newsum added that he sees an end to the “old abnormal” behaviors which made real estate the puppet of finance. Find out which countries he sees as bright spots in the global economy, and how smart firms should be adapting themselves to changing market needs.
In the midst of economic uncertainty, there are still some elements of certainty – such as demographic shifts, financial industry restructuring, global competitiveness, and sustainable building – that will guide real estate investment and reshape urban growth trends in the years ahead, according to a new report from ULI’s senior resident fellows. Read what they say is coming and how to capitalize on it.
The Harvard Graduate School of Design won the 2010 MIT Boston Open, a real estate competition hosted by the Massachusetts Institute of Technology’s Center for Real Estate Alumni Association and held this year at the Prudential Center during the ULI Real Estate Summit at the Spring Council Forum in the city. The competition, a case-based competition open to all U.S. real estate graduate programs, sought redevelopment schemes for a historic and challenging site in Boston. Finalists were invited to the city to compete and pitch their highest and best-use argument to a live audience and judging panel.

Taking second place in the competition was the New York University Schack Institute of Real Estate, and the University of California at Berkeley Haas School of Business placed third. The teams were judged by industry practitioners Phil Bakalchuk of Water Street Investments, Jeff Cushman of Cushman & Wakefield, Kathleen MacNeil of Millennium Partners, and Eric Nelson of the Bulfinch Companies.

In a city more often characterized by hardship than success, Campus Martius Park in Detroit has received national recognition as the first winner of the ULI Amanda Burden Urban Open Space Award, which recognizes an outstanding example of a public open space that has catalyzed the transformation of the surrounding community.
A team of students representing North Carolina State University and the University of North Carolina at Chapel Hill (UNC) won the $50,000 top prize in the 2010 Urban Land Institute Gerald D. Hines Student Urban Design Competition with a redevelopment plan for a San Diego neighborhood that emphasizes neighborhood diversity, affordability to families of mixed incomes, and walkability.

Nearly 660 students making up 132 teams from 48 universities in the United States and Canada were among those in the 2010 competition who were challenged to create a design and development proposal for a 73.5-acre (29.7-ha) site in East Village in downtown San Diego. East Village, one of eight neighborhoods in the city’s downtown area, spans a total of 1,450 acres (587 ha) bounded by Interstate 5 and the San Diego Bay. The teams had to develop a transformative vision for East Village, incorporating the highest and best sustainable use, new economic development activities, and evidence of market support for their development activities—all fused with financial justification for their design decisions.

The prevailing mood at ULI’s recent Real Estate Summit at the Spring Council Forum in Boston ranged from cautiously optimistic to outright optimistic. The overriding message was that despite some persistently weak spots, the economy in general and the real estate industry in particular have weathered the worst of the recession and are poised for a gradual recovery.

The event, open for the first time to all ULI members, drew more than 3,100 people and featured keynote presentations by Gus Faucher, economist with Moody’s Economy.com; Sam Zell, chairman of Equity Group Investments; and Peter Linneman, professor of real estate, finance, and public policy at the University of Pennsylvania.

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