Congratulations to the Saints.


Still, after a long drawn out and possibly more festive MardiGras this year, New Orleans will face the same reality--it´s anincreasingly irrelevant city except for its French Quarter partyenvironment. A quick trip through the Garden District and a fewhurricanes in a Bourbon Street dive, and you´ve been there, donethat. Big Oil and other energy businesses had been moving out longbefore Katrina, an exodus that won´t be reversed. Sorry, the SuperBowl victory may provide a shot of painkiller, but that´s all.


Poor Indianapolis lost the game and has its own problems stuckas it is off the global pathways and mired in the dismalmanufacturing heartland. At least New Orleans enjoys temperatewinters. To put it charitably, this city has few prospects forgetting on a high growth track.


Only two NFL markets have never gone to the Super Bowl, letalone won it-ironically they are Cleveland and Detroit. Know anyinvestors headed into these two woebegone centers, which make Indylook downright prosperous? Their football foibles just make localsfeel that much worse.


Back in New York, the Yankees big World Series win proves to bea lingering distraction. The vibe is Wall Street bonuses willprovide a near-term jolt to the local upscale co-op/condomarket.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Jonathan D. Miller

A marketing communication strategist who turned to real estate analysis, Jonathan D. Miller is a foremost interpreter of 21st citistate futures – cities and suburbs alike – seen through the lens of lifestyles and market realities. For more than 20 years (1992-2013), Miller authored Emerging Trends in Real Estate, the leading commercial real estate industry outlook report, published annually by PricewaterhouseCoopers and the Urban Land Institute (ULI). He has lectures frequently on trends in real estate, including the future of America's major 24-hour urban centers and sprawling suburbs. He also has been author of ULI’s annual forecasts on infrastructure and its What’s Next? series of forecasts. On a weekly basis, he writes the Trendczar blog for, the real estate news website. Outside his published forecasting work, Miller is a prominent communications/institutional investor-marketing strategist and partner in Miller Ryan LLC, helping corporate clients develop and execute branding and communications programs. He led the re-branding of GMAC Commercial Mortgage to Capmark Financial Group Inc. and he was part of the management team that helped build Equitable Real Estate Investment Management, Inc. (subsequently Lend Lease Real Estate Investments, Inc.) into the leading real estate advisor to pension funds and other real institutional investors. He joined the Equitable Life Assurance Society of the U.S. in 1981, moving to Equitable Real Estate in 1984 as head of Corporate/Marketing Communications. In the 1980's he managed relations for several of the country's most prominent real estate developments including New York's Trump Tower and the Equitable Center. Earlier in his career, Miller was a reporter for Gannett Newspapers. He is a member of the Citistates Group and a board member of NYC Outward Bound Schools and the Center for Employment Opportunities.