Marije Braam-Mesken, head of EMEA retail research & strategy at CBRE Global Investors, looks at the role of leisure and experience-oriented retail in shopping centers, cities, and city centers is growing and enhancing city vibrancy at the ULI Europe Conference in Paris.
As the real estate industry continues to evolve in terms of project finance, design, and execution, one idea gaining quiet speed is small development. Projects that are seen as being at the vanguard of “small” bring together today’s best thinking of real estate professionals in how to shape the built environment.
Once boasting the world’s first Wanamaker’s location and nine similarly hulking stores like Snellenburg’s, business on Philadelphia’s Market Street was for decades a desolate echo of its former self. Today, a new generation of developers is betting big on downtown.
Sustainability and social networks are transforming the way the real estate industry operates, according to Mark Gilbreath, CEO of LiquidSpace, predicting we will reach “peak office” in the next five years.
In his book, Alexandros Washburn writes that “nothing important in a city can change without an alignment of politics, finance, and design.” As New York City’s chief urban designer under Mayor Michael Bloomberg, he played a key role in the planning and building of the High Line, the 21st century’s most notable civic design project. That experience shaped his view of city design.
Residential real estate executives are assessing the impact of a new U.S. Treasury Department initiative to crack down on criminals and corrupt foreign officials who use luxury home purchases to launder money, requiring title insurance companies in Miami and New York City to disclose the identities of buyers paying cash starting in March.
The economic outlook is mostly positive for Europe in 2016—but the current increase in migrants arriving in Europe has threatened the political consensus that has mostly held sway on the continent since World War II, said experts speaking at the ULI Europe conference in Paris.
Dense, compact cities are “the way forward in the development of man” and are critical in combating climate change and inequality, renowned architect Lord Richard Rogers told delegates at the ULI Europe conference in Paris.
Last week, Yahoo became the most recent large tech company to announce layoffs and office closures as it explores alternatives for its web business. Moves like this highlight the growing issue of sublease space among tech and energy companies, whose expansion drove demand for office space in recent years. Are new availabilities relieving tight conditions or a sign of something more severe? Plus, interest rate survey data from Trepp.
The big question hovering over housing during the financial recovery has been what will convince millennials to become homeowners? Two showcase homes unveiled at the recent International Builders Show in Las Vegas provide both answers and inspiration.