As the second day of NAIOP’s CRE.Converge neared a close in Las Vegas, attendees had an opportunity to learn a bit about the city that will host next year’s conference: Toronto.
A devastating natural disaster, followed by a sudden (and equally devastating) recession, followed by a global pandemic. This trifecta of horrors sent Calgary into a tailspin for nearly a decade. Now the largest city in the Canadian province of Alberta is rebounding in a big way. And the commercial real estate industry not only is riding the bounce-back wave; in many ways, it’s steering it.
Nikki Greenberg is a world-leading futurist focused on the trends and technologies shaping cities of the future. A true digital nomad with an international career that has spanned the U.S., Asia and Australia, she has held cross-functional leadership positions with a focus on innovation and design. At CRE.Converge this week in Las Vegas, her keynote explored the possibilities of emerging technologies and introduced innovative ways of thinking.
When it comes to mixed-use real estate development, it isn't just a trend but a transformative force that's reshaping our cities in today's rapidly evolving urban landscape. At CRE.Converge 2024 this week in Las Vegas, a panel of distinguished speakers gathered to discuss the latest trends, challenges and opportunities in mixed-use developments.
The ideal industrial real estate site criteria have evolved with the economy. “It’s power, power, power instead of location, location, location,” said Damon Austin, managing director, global head of customer led development, Prologis, during a session at CRE.Converge. “Power from a logistics perspective, it really is more critical than ever.”
"While the Strip is our central business district, it’s supported by hundreds of thousands of leisure and hospitality employees that call Southern Nevada home," said Jeremy Aguero, principal analyst for Applied Analysis, during a session on real estate in Las Vegas at CRE.Converge. "Their ability to work there and provide that service to 40 million people who decide to get on a plane or get in a car and come to Las Vegas is important to us."
An expert panel at CRE.Converge this week led by Trent Agnew, SIOR, senior managing director, JLL Capital Markets, examined what’s happening in the capital markets across property types and regions, shared their predictions for 2025 transaction activity, changes in the lender pool, the latest approaches to asset allocation and more.
"We're in a really unique point in history in the sense that we have this huge demand curve for data centers at a time when we also have some constraints in power,” said Elissa Wilson, attorney, Vorys, Sater, Seymour & Pease, LLP, to begin a panel discussion on data center development at NAIOP’s CRE.Converge. “But the reason data centers are so important is they are fundamental to our modern economy. They're fundamental to our way of life. They're fundamental to every single transaction that happens online."
Tray Abney, partner at the Abney Tauchen Group, led a discussion during NAIOP’s CRE.Converge in Las Vegas on the legislative and political landscape impacting commercial real estate development in Nevada. The session focused on the availability of land for commercial and residential development, viable water supply, increased electricity demand and the fall elections.
A panel of development, financing and sustainability experts delved into the realm of alternative financing at CRE.Converge in Las Vegas this week, helping attendees gain a comprehensive understanding of the approach and how it can contribute to a robust capital stack.