Perez

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

Dolce: How does that compare to years past?

Perez: Three or four years ago, we were talking so much about mixed-use development, and how you get the sticks out of the ground. There is none of that now. It is all about regulatory evaluation now, such as SB 375 climate change act in California for example, and understanding its impact on the development and building community. It is now about looking at issues that pertain to water and regulatory considerations, such as where are the public dollars are being funneled—whether it’s the stimulus package or whether it is local support for transportation and infrastructure facilities development.

Dolce: I know you just recently had the ULI FutureBuild Conference. How was planning this year’s event different than last year?

Perez: Last year at the future build conference, we had this great opening panel with people from CBRE and Wells Fargo, among others…people who are on the finance side. Both this year and last year, we noticed that the panel’s biggest problems or challenges are that they aren’t figuring out a way to value properties and assets that have sustainability in them, so it is difficult for them to project and trend out what is the true valuation of a building today… You know, figuring out what its net present value is today vis-a-vie a building in 30 years that has benefitted from water reduction usage, energy reduction usage etc.

To read more GlobeSt.com coverage on ULI’s FutureBuild conference, which goes more in depth on valuing sustainable properties, on L.A.’s green movement and more, visit the links below.

Experts Probe How to Make Green Real

‘Stupid Rules Begone!’ ULI Speaker Declares

Instant Insights /

ULI&#146;s Perez Talks Valuing Sustainable

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