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LOS ANGELES-“Land isn't a timing play for us. It is a value-add play for us.” So said Emile Haddad, president & CEO of FivePoint Communities. Haddad, who spoke on the industry leaders panel at the recent RealShare L.A. conference here, says if the land is in a market that has the right fundamentals and has a shortage of supply, housing is a hedge.

The Aliso Viejo, CA-based FivePoint Communities has managed such master-planned communities as Newhall/Valencia in Los Angeles County, the Great Park neighborhoods—formerly known as the El Toro Marine Basein Irvine, CA—Hunters Point/Candlestick Park and Treasure Island in San Francisco. According to Haddad, “If the fundamentals are good, jobs are good and the economy is good, interest rates going up gradually won't hurt things.”

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When moderator Lewis Feldman, partner, Goodwin Procter LLP asked him about companies like Colony and Blackstone gobbling up singlefamily housing and how it might affect things long term, Haddad wasn't concerned. In fact, he said that it has helped absorb inventory, which is good for the market. “It also sends a signal that there is a way to digest it other than the natural process.”

The RealShare conference series event drew nearly 1,000 industry executives and is produced by ALM's Real Estate Media Group, which also publishes GlobeSt.com and Real Estate Forum.

When talking about foreign investment, Larry Heard, CEO of Transwestern, pointed out that foreign investment in the US is terrific. “The US today currently is in a relative upswing compared to almost anywhere else in the world,” he says.

According to Heard, the “robust energy” here, as well as the technology sector and recovering stock market are all draws to the foreign investor. “It all offers stability and offers an attractive opportunity.”

Heard pointed out that the Association of Foreign Investors and Real Estate Ranking for year end showed four US cities in the top five in their Global Snapshot Ranking of Top Global Cities in 2013. He also noted that Houston has never been on the list in the past, adding that “Foreign investment will continue to be on the US in the next few years… The blue chip investor market is looking at high quality assets in gateway cities.”

One of the things that the US government could do to make things easier for foreign investment, according to Haddad, is work on immigration reform. Haddad points out that a South American buyers are absorbing the condo market in Miami and in Irvine, 80% of the buyers coming from Asia. “There isn't a place in the world that provides you with the amount of security and safety than the US and if we get immigration reform, it will be a huge benefit.”

Switching topics a bit, when talking about retailers and the lifeline of a bricks and mortar shop, Paul Kurzawa, COO of Caruso Affiliated, says that brick and mortar remains pretty resilient. “Retailers are adapting well to keep up with online shopping,” he says, pointing to catalog retailers, like Athleta, for example shifting to brick and mortar.

He also points out that “It-based concepts like Google, for example, are coming out and creating these experiences and it is that 'experience' keeps brick and mortar alive.” According to Kurzawa, “It is all about experiences for people, and developers are adapting. Retailers are adapting as well and they are evolving with new concepts emerging every day.”

At the end of the day, he says, “you have the ability to go to a shopping center and go to a place that enriches your life.”

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.