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Over the last many weeks, we've had an opportunity to talk to several professionals and leaders from around the world to get their perspectives on what has been altered coming out of COVID and how it has affected practice (and everyday life!). Today we hear from Richard Peiser, the Michael D. Spear Professor of Real Estate Development at the Harvard University Graduate School of Design and Director of the university-wide Real Estate Academic Initiative.
Though the end of the pandemic may seem in sight, many questions remain regarding which trends of the past year are permanent. Edward Glaeser (Fred and Eleanor Glimp Professor of Economics, Faculty of Arts and Sciences, Harvard University) and Richard Florida (Professor, School of Cities and Rotman School of Management, University of Toronto and Co-Founder and Senior Editor, Bloomberg CityLab) join Richard Peiser (Michael D. Spear Professor of Real Estate Development, Harvard University) and Richard Green (Director, USC Lusk Center for Real Estate) to confer on the potential outcomes for land use in the US. While both Glaeser and Florida agree that cities at large will return to full strength and influence, they also see individual cities as vulnerable. Regarding office work, Glaeser cites studies that indicate maintaining office culture via remote channels performs well, but growing a company remotely brings significant challenges for both management and employee advancement. Florida sees shifts towards remote and remote-flexible work as a potential revolution in the real estate industry, particularly as amenity-rich smaller cities have an opportunity to build hubs using compact urban models similar to the 15-minute city. More: https://lusk.usc.edu/perspectives Record date: 2/25/21
Today’s guest is a professor, author, active investor & developer, Richard Peiser. He’s a Michael D. Spear Professor of Real Estate Development at Harvard University, founded the Advanced Management Development Program and the university-wide Real Estate Academic Initiative. He has written a best selling book, Professional Real Estate Development: The ULI Guide to the Business. Richard will give us some insight on his beginning stages in real estate, his biggest project thus far, and current projects in the works. He also discusses developing new towns and the executive program at Harvard for real estate professionals. Highlights: *Richards’s start in the Real Estate World *Current projects *Reducing crime through Real Estate Development *Insights on New Towns *Harvard’s Executive Program Contact Richard: rpeiser@gsd.harvard.edu