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Perez, Dolce

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LOS ANGELES-GlobeSt.com West Coast editor, Natalie Dolce,recently caught up with Katherine Aguilar Perez, executive directorof Urban Land Institute Los Angeles, for a quick chat aboutdevelopment and the issues in valuing a sustainable building.Perez, who GlobeSt.com ranked as one of Southern California’s Womenof Influence last year, is the former vice president of developmentfor Forest City Development, and was co-founder and executivedirector of the Transportation and Land Use Collaborative ofSouthern California.

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Dolce: I know ULI Los Angeles has always beenfocused on development, on creating and sustaining communities, andon economic growth. Are you still focused on development at a timewhen there is little new construction?

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Perez: There is no development that’sgoing to be happening for a while, and we recognize and understandthat our challenge here at ULI is to really help our developer’sposition and pivot toward future opportunities.

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Dolce: What kinds of “future opportunities” do youmean?

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Perez

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Perez: We have been focused veryclearly on the planning of future development areas, such as:infrastructure—particularly on the financing side…how to financeit, how to build it; and on things like high-speed rail. We arefocused on helping to figure out how to stack the funding so thatyou are levering against public dollars.

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Dolce: How does that compare to yearspast?

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Perez: Three or four years ago, wewere talking so much about mixed-use development, and how you getthe sticks out of the ground. There is none of that now. It is allabout regulatory evaluation now, such as SB 375 climate change actin California for example, and understanding its impact on thedevelopment and building community. It is now about looking atissues that pertain to water and regulatory considerations, such aswhere are the public dollars are being funneled—whether it’s thestimulus package or whether it is local support for transportationand infrastructure facilities development.

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Dolce: I know you just recently had the ULIFutureBuild Conference. How was planning this year’s eventdifferent than last year?

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Perez: Last year at the future buildconference, we had this great opening panel with people from CBREand Wells Fargo, among others…people who are on the finance side.Both this year and last year, we noticed that the panel’s biggestproblems or challenges are that they aren’t figuring out a way tovalue properties and assets that have sustainability in them, so itis difficult for them to project and trend out what is the truevaluation of a building today… You know, figuring out what its netpresent value is today vis-a-vie a building in 30 years that hasbenefitted from water reduction usage, energy reduction usageetc.

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To read more GlobeSt.com coverage on ULI’s FutureBuildconference, which goes more in depth on valuing sustainableproperties, on L.A.’s green movement and more, visit the linksbelow.

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ExpertsProbe How to Make Green Real

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‘StupidRules Begone!’ ULI Speaker Declares

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.