Residential real estate executives are scrambling to assess 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.
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.
When the Pritzker Architecture Prize jury selected Alejandro Aravena of Santiago, Chile, as the 2016 laureate, it was not only for what Aravena designs, but also for what he does not design. The firm for which he serves as executive director, Santiago-based Elemental, has earned international attention for designing low-cost social housing that provides “half a house”—a home that people can inhabit, plus a framework that allows them to double the size of their dwellings as they have time and resources.
Richard Rogers, an internationally renowned architect recognized for people-oriented building design and development, has been named the 2015 recipient of the ULI J.C. Nichols Prize for Visionaries in Urban Development. Rogers was honored as part of the ULI Europe Conference in Paris.
The sight and sound of giant incinerators burning tons of trash in the heart of Nashville’s urban core have been replaced by musical performances and picnicking families, tourists snapping photos, and occupants of surrounding offices, apartments, and condominiums experiencing the city’s new Leadership in Energy and Environmental Design Gold–certified riverside amphitheater and park.
Apartments had a very strong year in 2015, with rent growth averaging 4.8 percent and occupancy averaging 95.8 percent according to MPF Research, a division of Real Page. But apartment market activity slowed late in the year, and opinions are mixed about whether it was seasonal slowing or a sign that markets are cooling. Plus, interest rate survey data from Trepp.
Eight of the top ten cities identified by the Emerging Trends in Real Estate 2016 report compiled by ULI and PwC as the most favorable for investment and development in 2016 are secondary cities, sometimes called 18-hour cities. There is greater risk in such cities, but they also offer better opportunities and the potential for larger yields than the traditional gateway cities, survey respondents said.