ACREcon 2015: ACCELERATE!
Actionable Knowledge | Emerging Trends | Economic Development | Challenging the Conventional
Accelerating commercial real estate sales & leasing trends continue to provide opportunities of engagement for real estate practitioners and affiliates across Alabama. ACCELERATE will be the 2015 theme for the annual conference (ACREcon) hosted by the Alabama Center for Real Estate, housed within UA’s Culverhouse College of Commerce.
The conference & expo will be held Friday, January 30th at the Cahaba Grand Conference Center in Birmingham where Daniel Corporation serves as the event host. ACREcon, the only statewide commercial real estate conference in Alabama, in its 16th yearyear, has a projected 2015 attendance of 500business and real estate industry leaders. Each year’s conference format incorporates a slate of key industry speakers for continuing education and professional development while providing ample time for networking with peers.
Actionable Knowledge. NAIOP, the National Association of Industrial & Office Properties, a commercial real estate development organization, kick-offs the morning session - a conference highlight as University of Alabama MBA students and their NAIOP mentors take the stage to present a statewide market review of the four major Alabama markets by property type.
Jed Smith, Managing Director of Quantitative Research at the NATIONAL ASSOCIATION OF REALTORS®, will provide economic data and commercial real estate trends that will provide direction for 2015 and beyond. Jed oversees NAR’s Relocation Reports, and a variety of Commercial publications detailing market trends. Jed has made presentations outlining commercial and residential market conditions and the outlook around the county and frequently hosts international visitors from China, South America and Europe concerning the outlook for the U.S. real estate markets. Special areas of expertise include marketing, planning, and economic analysis. He has focused on both understanding the real estate markets and on implementing the use of the information for business planning and development purposes. His economics degrees are the Ph.D. and M.S. from Purdue University, and an A.B. from Hamilton College. He has taught as an adjunct professor in MBA and undergraduate marketing programs and also has experience in managing major marketing databases. The economic commercial real estate outlook session has had a consistent place of importance on the agenda throughout the history of
Emerging Trends. The morning keynote address will be presented by the Urban Land Institute (ULI) featuring a presentation on Emerging Trends in Real Estate 2015®.
Economic Development. As we enter 2015, what can you do to ensure that your business is not just treading water, but one that accelerates as a result of the State of Alabama’s emphasis on economic development? Jo Bonner, Jr., will provide the keynote presentation at lunch. Mr. Bonner is Vice Chancellor for Government Relations and Economic Development for The University of Alabama System. As Vice Chancellor, Bonner works with state, local and national leaders – in government, business and higher education – to advance The System’s strategic mission and help grow Alabama’s economy. For more than a decade, Bonner represented Alabama’s First District in the U.S. House of Representatives. He was first elected to 108th Congress in November 2002, and was successfully reelected to five additional terms. In Congress, Bonner earned a reputation as a respected and influential voice of reason in both Alabama and Washington. While Bonner and his staff were well-known for having the state’s best constituent services, he devoted a significant amount of time to help turn around the sluggish economy of South Alabama. In 2012, the Mobile Press-Register called Bonner “a champion for South Alabama” and he is credited with playing a major role in helping land several significant economic development projects including the $5 billion ThyssenKrupp project in 2007, as well as helping secure $5 billion in contracts in 2010 for Austal to build 20 new ships for the U.S. Navy. His crowning Congressional accomplishment came in 2012 when Airbus announced plans to build their first U.S. Final Assembly Line in Mobile. Over the years, Congressman Bonner developed a close personal friendship – and strategic partnership – with the leadership at Airbus, one of the world’s largest aerospace and defense companies. The Airbus project is valued at more than $600 million and is expected to bring at least 1,000 new jobs to Mobile. Mr. Bonner has received numerous awards including the Distinguished Public Service Award in 2013, which is the highest honor the U.S. Navy bestows on a civilian.
Challenging the Conventional. More than ever, companies must engage rapidly changing market conditions, competitive pressures, and shifting client demands and expectations, to look ahead and put themselves in a position to seize the opportunities presented in today’s commercial real estate market. Grayson Glaze, ACRE executive director points out that “Successful companies will deliver creative
real estate solutions that accelerate the achievement their clients’ business objectives. Future success requires thought leadership, which is the key to sustainability, productivity, profitability and growth. It accelerates the tone, provides the vision, and brings out the best in people.”
New best-in-class and innovative product initiatives and opportunities in the areas of capital, acquisition and marketing will be
the topic of the conference’s afternoon session. David Skinner, Alabama’s best-in-class commercial real estate instructor, will facilitate the afternoon session covering areas of finance, accounting, marketing and law that permeate today’s commercial real estate environment. Mr. Skinner received his undergraduate degree from Tulane University and his J.D. summa cum laude from The University of Alabama School of Law where he was in the top 1% of his class, was Order of the Coif and published in, and a member of, the Alabama Law Review. Mr. Skinner practices law full time, serves as a mediator, special master and expert witness in real property matters. He is listed in Best Lawyers in America ®, Super Lawyers in Alabama and Top Lawyers in Birmingham; his firm is one of only six Birmingham law firms listed in Best Law Firms® as a “Tier 1" real estate litigation law firm. He has authored numerous articles, pamphlets and books including Gambling with Remedies: Rent Acceleration in Alabama, 45 Ala. L. Rev. 275 (1993); Alabama Residential, Commercial & Mineral Lease Law, (Michie, 1997; Supp. Lexis Law Pub. 1998 & 1999). Mr. Skinner is the Lecturer of Real Property Law at the Alabama Center for Real Estate (ACRE) where he was an inaugural member of the Center’s Leadership Council and now serves as a Senior Member. Mr. Skinner has years of service on the Alabama Law Institute’s Real Estate Study Committee.
ACREcon’s title sponsor is Capital One Multifamily Finance and the event’s lead partner is the ACRE