WASHINGTON, D.C. – June 9, 2015 – (RealEstateRama) — Downtown Los Angeles has gone from a ghost town to a boomtown in a relatively short period of time. In 1998, about 18,800 residents lived in the area. Over the next 16 years, the district grew to more than 54,000 residents—and the momentum continues at a feverish pace today. On Monday, June 29, at 9:00am, a panel of experts will discuss the driving forces behind this renaissance, what lies ahead for the area and how other downtown districts can follow Los Angeles’ successful revitalization model as part of the 2015 BOMA International Annual Conference & Expo.
During the Monday General Session, panelists at “The Revitalization of Downtown LA” will discuss the broad range of commercial real estate projects bringing new life to the conference’s host city and the factors that have spurred this tremendous growth. The panel will be moderated by Hal Bastian, president and CEO of Hal Bastian, Inc., who previously served as the Executive Vice President and Director of Economic Development for the Los Angeles Downtown Center Business Improvement District. Panelists will include:
- Russell M. Cooper, Managing Director, Capital Transactions, Shorenstein Reality Services (San Francisco)
- Bert Dezzuitti, Executive Vice President, Western Region, Brookfield Office Properties (Los Angeles)
- Marc Gittleman, Senior Vice President, Third Party Management, Rising Realty Partners (Los Angeles)
- Robert Newsom, FAIA, President, AC Martin (Los Angeles)
“Downtown Los Angeles is an incredible case study about the powerful role that commercial real estate plays in economic revitalization,” commented BOMA International Chair John G. Oliver, BOMA Fellow, managing principal for Oliver & Company. “Property professionals from around the world who attend BOMA International’s annual conference can learn from the lessons of the L.A. renaissance and take the expert insights from this panel back to their own hometowns.”
Just prior to the panel discussion, BOMA International President and Chief Operating Officer Henry Chamberlain, APR, FASAE, CAE, will present the 2015 State of the Industry address. His in-depth annual report will focus on the performance of the commercial real estate industry, with predictions about how the industry will be affected by trends in technology, innovation, demographic shifts and more.
The 2015 BOMA International Annual Conference & Expo, which will take place June 28-30, 2015, in Los Angeles, is commercial real estate’s most important event of the year. This collaborative meeting brings together the best minds in the industry for more than 50 expert-led sessions across six education tracks on topics ranging from asset management strategies to best operational practices for office, industrial and mixed-use properties. More than 400 exhibits by leading manufacturers and suppliers at the BOMA Every Building Expo will help attendees find solutions to operational challenges and strategies to enhance asset performance. The conference also will feature a performance by one of most recognizable entertainers in the world, Jay Leno, who will kick off the Sunday General Session. ***
About BOMA International
The Building Owners and Managers Association (BOMA) International is a federation of 91 BOMA U.S. associations and 17 international affiliates. Founded in 1907, BOMA represents the owners and managers of all commercial property types including 10.4 billion square feet of U.S. office space that supports 1.8 million jobs and contributes $227.6 billion to the U.S. GDP. Its mission is to advance a vibrant commercial real estate industry through advocacy, influence and knowledge. Learn more at www.boma.org.