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2019 TRENDS: Emerging Trends in Real Estate

December 5, 2018
8:00 am - 10:00 am
Rivers Club
301 Grant Street - Ste 411
Pittsburgh, Pennsylvania 15219
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(412) 391-5227
Holly E. Muchnok
(724) 687-0707


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ULI Pittsburgh was pleased to participate locally through a Trends Focus Group that allowed us to contribute to the 2019 Emerging Trends in Real Estate publication. Focus Group participants included:

  • Amy F. Broadhurst, SIOR, CCIM | Vice President | CBRE
  • Gregg Broujos | Managing Director, Founding Principal | Colliers International Pittsburgh
  • Steve Guy | President and CEO | Oxford Development Company
  • William E. Hunt | President & CEO | Elmhurst Group
  • Jael Jones | Director, Market Research | Pittsburgh Regional Alliance
  • Marc McAndrew | Executive Vice President | PNC Real Estate
  • Mekael Teshome | Vice President & Senior Regional Officer | Federal Reserve Bank of Cleveland
  • John F. Watt | Analyst | Valbridge/Barone Murtha Shonberg & Associates

This December, we are pleased to welcome Ed McMahon – Senior Resident Fellow, ULI, as our Keynote Speaker to offer highlights on the newly released report: 2019 Emerging Trends in Real Estate. First 75 event registrations will receive a complimentary copy of the physical publication.

Top trends from the report include the following:

  • Amenities gone wild
  • Retail space is not dead
  • 18-hour suburbs
  • Disrupters are disrupting real estate
  • ESG practices important to investors
  • Last-mile industrial development needed to meet e-commerce demands
  • Easing into the future

Confirmed Local Participants Include: Bill Hunt – President & CEO, Elmhurst Group, Cynthia Kamin – Senior Vice President, CBRE, and Mekael Teshome – Vice President & Senior Regional Officer, Federal Reserve Bank of Cleveland, with Moderator: Tracy Certo – Founder + Publisher, NEXTpittsburgh.

Bill Hunt is President and CEO of Elmhurst Group, a Pittsburgh-based organization that invests in commercial real estate, hotels and the electronic security industry. Elmhurst’s real estate holdings include over three million square feet of office, flex and distribution space in the Pittsburgh region. Some of Elmhurst’s more notable holdings include 912 Fort Duquesne Boulevard in downtown Pittsburgh, Fifth & Craig and Schenley Place in Oakland, and Airside Business Park in Moon Township.

Elmhurst’s non-real estate holdings include ADS Security, the twenty-first largest alarm company in America, with seventeen locations throughout the southeastern United States.

Bill was a finalist in the 2004 Entrepreneur of the Year and in 2013 was inducted into the Hall of Fame for the Pittsburgh chapter of NAIOP, the national trade group for commercial real estate.

Bill graduated from Duke University in 1984 with a degree in Political Science. He and his wife Janet live in Pittsburgh, Pennsylvania. His son Justin is currently working in mortgage banking in New York City, while his other son Russell attends Southern Methodist University in Dallas, Texas. Bill holds several board positions locally and regionally.

Cynthia Kamin, a designated CCIM and First Vice President in the CBRE Investment Properties Group, is widely recognized as a leading investment properties expert. With over 25 years of real estate experience, she has represented a wide range of clients including financial institutions, developers, REIT’s, pension fund advisors and private capital investors. Her extensive transaction experience includes portfolio, institutional, private capital, tax-exempt bonds, development, and tax deferred 1031 exchange transactions. Her expertise is in understanding the capital markets, negotiating and structuring transactions, as well as financial underwriting and developing market strategies for investment properties. With a strong focus on multi-family investments, she has represented numerous owners in the disposition of their investment properties including student housing, affordable housing, senior housing and market rate housing.

Cindy also served as past president on the Board of CREW (Commercial Real Estate Women) and served as a Board Member for HEARTH, an organization that changes lives by providing temporary housing and education for homeless women and children.

Mekael Teshome is vice president and senior regional officer of the Pittsburgh Branch of the Federal Reserve Bank of Cleveland. Mr. Teshome is responsible for managing relationships with regional stakeholders in western Pennsylvania, southeastern Ohio, and the northern panhandle of West Virginia. He is also responsible for monitoring the region’s economic environment and conducting economic research and analysis.

Before joining the Cleveland Reserve Bank, Mr. Teshome was an assistant vice president and economist at the PNC Financial Services Group in Pittsburgh where he contributed industry-focused, regional, national and international economic analyses and forecasts. Prior to PNC, he served as an assistant director and economist at Moody’s Analytics. He is a founding board member of the Bethel Environmental and Agricultural University and Training Center, a member of the board of the Pennsylvania Economic Association, and a board member of the Economic Club of Pittsburgh. He is also a member of the National Association for Business Economics (NABE) and the Ethiopian Economics Association.

Mr. Teshome holds a BA in political science from Taylor University and an MA in economics from Vanderbilt University.

Tracy Certo is founder and publisher of NEXTpittsburgh, the go-to online publication about the people advancing Pittsburgh and the innovative and cool things happening in the region. Launched in early 2014, NEXTpittsburgh helps readers get more engaged with and better navigate our city. Prior to founding NEXT, Tracy was publisher and editor of Pop City and editor of Columns, AIA Pittsburgh’s magazine. A writer and photographer at heart, she travels frequently and is an advocate for healthy, vibrant and sustainable cities, especially Pittsburgh. She has led or participated in seven international Habitat for Humanity trips, including Chile, Mozambique and Thailand. She was named a Woman of Distinction by the Girl Scouts of Western PA for her work in the arts in Pittsburgh, and a Woman of Achievement by Cribs for Kids. She has received numerous writing awards and most recently was featured on C-SPAN in an hour-long segment interviewing author Ted Dintersmith.

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