A resurgence of office-to-residential conversions is happening in markets around the world. What conditions are necessary to make it work?
The city of Foshan lies at the heart of one of China’s most fertile deltas, across the Pearl River from the Guangdong provincial capital of Guangzhou. With 7.3 million people and a gross domestic product topping US$100 billion, Foshan serves as an exemplar of both the achievements of and challenges faced by China’s emerging metropolitan areas. Yet, with all its success, Foshan faces the same challenges as most cities around the world—attracting and retaining talent.
Fueled by cheap money, low levels of new construction (except for apartments), and modestly improving demand, commercial real estate values have more than doubled from their financial-crisis lows of 2009. Nevertheless, prices are leveling off as investors have become concerned that the period of extraordinarily low interest rates may soon be coming to an end.
What do billboards, prisons, casinos, schools, farmland, and document storage have in common? Real estate investment trusts (REITs) in these disparate businesses comprise NAREIT’s specialty REIT category, one of the best-performing sectors this year. Plus, interest rate survey data from Trepp.
This month, Governors Island, the 172-acre (70 ha) island in the heart of New York Harbor, will open to the public for the first time its newest addition to the park, The Hills, with Fast Company calling it “an engineering marvel built for resiliency and recreation.”
New research shows that not only are walkable urban places (WalkUPs) in metropolitan areas ranging from New York City to Knoxville, Tennessee, on the rise nationally, but also the growing demand to locate in those areas is translating into significantly higher real estate rents.
With water becoming an increasingly valuable resource, more emphasis is being placed on capturing and retaining rainwater and graywater.
Developers across the world are enhancing their resorts with artificial water features, from rivers to ski slopes. But coming up with unique attractions is an increasing challenge.
A small Portland developer marshals a variety of resources to redevelop a city block with three creative office buildings fronting a city park.
How can we prepare for disasters and adverse events in ways that protect communities and enhance the built environment? Experts in resilience discuss efforts to protect communities from disaster, enhance recovery efforts, increase awareness about the value of incorporating resilience, and implement resilience projects that provide additional benefits to the community.