EMJ Participates in the Urban Land Institute Event
Recently, the global think-tank Urban Land Institute hosted its annual forecast on real estate and development trends for 2019 in Chattanooga. EMJ Corporation sponsored the event in partnership with the AGC of East Tennessee, AIA Chattanooga, Chattanooga Design Studio and River City Company.
Anita Kramer, Senior Vice President at ULI Center for Capital Markets & Real Estate started the event with her presentation on the Emerging Trends in Real Estate 2019 report. The report is annually published by ULI each year. The Emerging Trends report is considered one of the most credible and well-regarded forecasts in the real estate industry. Drawing on insight from industry leaders, the report considers industry wide variables including U.S. investment and development trends, real estate finance and capital markets, property sectors, metropolitan areas, construction influences and other real estate issues.
Following ULI’s macro-forecast of the 2019 U.S. real estate trends, a panel of local experts gathered to provide a more specific discussion on Chattanooga’s 2019 outlook. The panelists included Chas Torrence, EVP of EMJ Construction, Tiffanie Robinson, CEO of Lamp Post Properties, and John Clark owner of Tennessee Development Resources. The panel was moderated by Jim Williamson of River City Company and covered a range of topics from the impact of Opportunity Zones and Opportunity Funds to rising construction costs and qualified labor shortages in Chattanooga.
The event was a first of its kind in Chattanooga and one that EMJ and presenting partners hope will help establish a ULI presence in Chattanooga permanently. Industry partners attending the event came from as far as Nashville and Atlanta and consisted of various developers, investors, designers, and more.
EMJ hopes to be a driving force behind Chattanooga’s affiliation with the Urban Land Institute while also helping to unify Chattanooga’s real estate development leaders and build upon continued growth in the same community where EMJ was founded in 1968.
Report by, Sam Marks, EMJ Construction