CAREA September 15, 2020 Webinar

www.CAREA.org

 COVID-19, SILICON VALLEY'S ECONOMY AND PROSPECTS FOR RECOVERY: INSIGHTS FROM ASSESSOR LARRY STONE

We are honored to have Lawrence E. Stone, Santa Clara County Assessor, as our keynote speaker at this highly informative, one-hour seminar event to discuss COVID-19 and its impact on the localreal estate market and economy. Be sure to join us for an engaging discussion!!

COVID-19 has ravaged the national economy. How has Silicon Valley fared? Is past prolog? Six months into the greatest crisis to face the nation since the Great Depression, Assessor Larry Stone will delve into the economic health of each of the major real estate sectors, some of which are thriving, while others are teetering on collapse. Leveraging his intimidate knowledge as Assessor and founder of a successful Bay Areareal estate investment and development firm, Stone will exam how the office, warehouse, retail, multi-family, and single-family housing sectors have performed, the prospects for their future, andimplications for our region. He will also discuss what COVID-19 triggered trends are passing fadsor here to stay, including their long-term implications on our economy’s recovery.

Speaker: Lawrence E. StoneSanta Clara County Assessor

San Jose Magazine named him one of Silicon Valley’s 100 most powerful leaders. Pulitzer Prize winning author and Washington Post reporter, Haynes Johnson, described Larry Stone in his best selling book, Sleepwalking Through History, as“bright, articulate; an American rarity, a proven political success in a time of political failure.” He was first elected Assessor in 1994 and overwhelmingly re-elected six times by the residents of Santa Clara County, which stretches north to Palo Alto, south to Gilroy, and includes San Jose, the “Capital of Silicon Valley.” The County boasts a population of 1.9 million – greater than that of 13 states. Stone has been a financial manager on Wall Street and co-founded a successful Bay Area real estate investment and development firm. He served 16 years as a council member and mayor of Sunnyvale, a period during which the city earned an international reputation for effectiveness and became a model for President Clinton and Vice President Gore’s efforts to reform the federal bureaucracy. President Clinton said, “The National Performance Review was modeled in part upon the remarkable reinvention efforts pioneered by the City of Sunnyvale, where Larry Stone served as mayor.”As County Assessor, Stone has overseen remarkable improvements to streamline the operations of his office, eliminate backlogs, and achieve higher levels of public service, all while consistently operating substantially under budget. The State Board of Equalization acknowledged his office as one of the best-managed assessors’ operations in California. Larry Stone also has been an active and effective civic leader in many fields ranging from the arts, to education, to the environment. He was instrumental in co-founding an innovative $11 million education endowment foundation that has contributed nearly $20 million to benefit a local, public elementary school district. A native of Seattle, he has an MBA from the University of Washington and has studied at the Institute of Politics at Harvard’s Kennedy School of Government. He and his wife, Carmen, have lived in Sunnyvale since 1970, where they raised three sons.