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Philly 2020 Forecast

What Is Next For CRE In Philly As 2019 Comes To A Close

Event Ended On: Thursday December 5 2019

Registration Questions? **Please note we have pricing tiers based on ticket availability. Ticket prices will increase once we sell out of the current pricing tier. We cannot redeem a lower price once the ticket prices have been raised. **Bisnow is a cashless, checkless operation. Please only submit payment via credit card.

Event Host

Events Raw Space

The Wanamaker Office Building

About The Wanamaker Office Building Lobby Improvements - Built in 1911, the Wanamaker Building is a National Historic Landmark. The improvements will update aesthetics and rethink key areas of the lobby and check-in areas in order to make the experience flow better for tenants and visitors. In addition, Rubenstein and Amerimar developed a 7,136 sf prebuilt suite on the 10th floor to capitalize on the significant activity in Market East which is undergoing over $1 billion of development. For more information please visit: http://thewanamakerbuilding.com

Events Speakers and Panels

Tax Code

10-Year Abatement, Property Assessments, and More

Brad Molotsky
Moderator

Brad Molotsky

Partner, Duane Morris LLP
Maria Quiñones-Sánchez

Maria Quiñones-Sánchez

Councilwoman, City of Philadelphia

Philly 2020 Forecast

Recap 2019 & Hear How It Will Impact Next Year

Craig Spencer

Craig Spencer

Chairman & CEO, Arden Group
Larry Steinberg

Larry Steinberg

Senior Managing Director, Colliers
George Kotridis
Moderator

George Kotridis

Principal, CliftonLarsonAllen

Agenda

Time Activity
7:30 AM
8:30 AM
Coffee, Breakfast, & Networking!
8:30 AM
9:15 AM
Tax Code
10-Year Abatement, Property Assessments, and More
9:15 AM
10:00 AM
Philly 2020 Forecast
Recap 2019 & Hear How It Will Impact Next Year
10:00 AM
10:30 AM
More Networking!

Venue/Parking

The Wanamaker Office Building
100 Penn Square East
Philadelphia, PA 19119

The Atrium
Floor: 9th Floor, Suite 410

​Parking Information: The Wanamaker Garage - Accessible from either Juniper Street or 13 Street ​

Get Directions

Event Summary

Schuylkill Yards, the nation’s largest life science Co-working campus, an E-sports arena, and an Equinox… Philly is changing! As Philadelphia changes, the CRE industry is listening closely to keep up with new trends. With the unemployment rate at near historic lows, Philadelphia is seeing a new generation hit the workforce, which in turn means hit the multifamily market. As prices in Center City continue to rise, Philly businesses and residents look to new parts for rent relief. As developments around the city grow larger, the 10-year tax abatement has become more controversial than ever. That as well as the recent lawsuit about property assessments have caused tensions to rise between the CRE community and the city. Join us and our all star line up of industry experts as we dive into these topics and more!

Please send event questions and topic/speaker recommendations to Noah Ackerman at

noah.ackerman@bisnow.com

  1. The Harper has opened its doors, the Laurel is on schedule to complete construction in 2021, and Dranoff’s Arthaus just broke ground. What does all of this high end multifamily say about the direction Philadelphia is heading?
  2. The 10-year tax abatement is on everyone’s mind. Multiple bills were introduced before summer began to change or even get rid of it. Will any of these bills gain any traction and what will that mean for developing in Philadelphia?
  3. What were this years’ major acquisitions, investments, and projects in and around Philadelphia?
  4. As the trade war escalates with China, Morgan Stanley predicts if things hold we’re 4-6 months from a recession. How will the next recession impact the CRE industry and how can you best prepare for it?
  5. The city just took a $48 million loss in court due to unfair property assessments. With no new property assessments in place it seems clear that this won’t be the last lawsuit to hit the city. What does this mean for the future of property?