CHICAGO, Ill., June 3, 2013 - Cushman & Wakefield, Inc.'s John Morris is slated to address the American Association of Port Authorities' (AAPA) Maritime Economic Development Workshop in Chicago on June 28. The workshop, slated for June 27-28 at the Courtyard by Marriott-Magnificent Mile Chicago, is being hosted by the Port of Chicago.
The event will explore the factors driving today's investment in ports and port-related infrastructure, analyzing the risks and rewards for such investment, how capital improvements propel business decisions, and the influences of intermodal connection against the backdrop of current economic conditions.
Morris will address the topic, Sparking Investment in Industrial and Commercial Properties. "In an economy that continues to struggle, the question remains: What can port authorities do to encourage private-sector development in commercial and industrial properties near and within the nation's ports?" said Morris, leader of Cushman & Wakefield's Industrial Services group for the Americas, responsible for the firm's industrial service line and overseeing its collaboration with the firm's other service lines.
"We will discuss the ongoing impact of the recession on industrial real estate, as well as the factors that are driving both investment decisions and site selection. The health of the nation's economy is very much at stake, and the ports and related development are very much a part of the equation."
For the presentation, Morris will be joined by Rachel Vandenberg, vice president of AECOM in Los Angeles, and Kathryn McDermott, deputy executive director of the Port of Los Angeles.
Cushman & Wakefield's industrial brokerage platform provides global resources and local expertise for tenant and landlord representation, disposition and acquisition services, transaction management, and industrial consulting including labor and demographic analysis. In 2012, in the U.S. alone, this group completed more than 7,000 industrial real estate transactions - totaling 261 million square feet - with an aggregate value in excess of $8.43 billion.