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Marco Li Mandri, president of New City America, speaks withGlobeSt.com's Alyson Grala about urban development during RealEstate 2010. Watch the full videoon GlobeSt.TV.

As Li Mandri points out, half or more of the world's populationnow lives in cities, a trend that is only growing, and this trendhas far-reaching implications for every facet of commercial realestate development.

"People want to be in more dynamic environments," Li Mandrisays. He outlines the opportunities and challenges that lie aheadas cities, counties, states, the federal government and privatedevelopers tackle the development and infrastructure challengesinvolved.

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