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Talk of the Town: Overcoming NIMBYism to improve communities

October 15, 2024 42 Minute Listen

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Community opposition can thwart the most desirable—and needed—development projects. Connecticut developer Jerry Davis and CBRE’s Jessica Lall offer tips and strategies for marshalling community support for worthwhile projects and overcoming the instinct to “just say no” to new development.
2024-ep38-talk-of-the-town-hero

Talk of the Town: Overcoming NIMBYism to improve communities

October 15, 2024 42 Minute Listen

Talk of the Town: Overcoming NIMBYism to improve communities

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Unique insights on what matters most today in commercial real estate.



Key learnings to manage NIMBYism:

  1. Engaging the community early and maintaining open lines of communication are crucial for real estate developers to overcome community objections. By involving local stakeholders in the planning process and addressing their concerns, developers can build trust, gain allies and smooth the path for project approval.

  2. Local governments that adapt regulations to allow for a variety of housing types can ease the "missing middle" problem—affordable housing that falls between single-family homes and large multifamily properties.

  3. The affordable housing shortage can provide an impetus for regulatory changes and innovative solutions.

  4. Successful pilot projects can demonstrate how local communities can benefit from new development.

  5. Collaboration between government and the private sector can advance worthwhile projects that can be derailed by well-intention community opposition.



Guests

Photo of Jerry Davis

Jerry Davis

Managing Partner, Davis Realty

Davis Realty is a venture dedicated to providing commercial and residential space in Connecticut. Jerry has cultivated a niche as a developer who effectively collaborates with communities during the entitlement process. Earlier in his career, Jerry was a producer of major animated movies, giving him a unique skill set when applied to the challenges of real estate development today.

Photo of Jessica Lall

Jessica Lall

Managing Director

Jessica is responsible for developing and implementing strategic direction and day-to-day leadership for leasing, sales, valuations, debt and structured finance, and property management across all commercial real estate sectors for the Downtown Los Angeles market.

Host

Photo of Spencer Levy

Spencer Levy

Global Client Strategist & Senior Economic Advisor, CBRE

Spencer Levy is Global Client Strategist and Senior Economic Advisor for CBRE, the largest commercial real estate services firm in the world. In this role, he focuses on client engagement and public-facing activities, including thought leadership work performed in conjunction with CBRE Research. He also serves as Co-Chair of the Real Estate Roundtable’s Research Committee.

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