That anguished cry you heard from the capital markets during the week was the result of the California Public Employees’ Retirement System (CalPERS) announcing that it would no longer invest in hedge funds, saying they were too time-consuming and too complex, and had produced unsatisfactory rates of return. Could real estate be next?
Any day now, New York City will open a grand public space at the middle of a web of subway lines in Manhattan, a few blocks away from both the World Trade Center and Wall Street.
The following ten residential projects—all completed in the past five years—include beachfront dwellings, communities in redeveloped industrial waterfronts and military bases, and replacements for public housing damaged by Hurricane Katrina.
A new ULI report explores factors that hamper retail development in some lower-income communities and offers solutions to overcome the dearth of shopping options for neighborhood residents.
As walkable urban places have become more commonplace across the national real estate landscape, the subject of affordability within these communities has become a greater concern.
State and municipal governments are taking steps to ensure the safety of their coastal communities by implementing more stringent design and building standards for new construction and redevelopments. They also are beginning to replace old infrastructure.
Coastal cities and regions should view private development of waterfront areas as a tool to combat the effects of climate change while also creating jobs, providing much-needed housing, and spurring economic growth, said the chief executive officer of the Bay Area Council, a business advocacy group in the San Francisco Bay area.
As cities develop resilience strategies in anticipation of more frequent and severe weather events triggered by climate change, understanding what success looks like across a broad spectrum of indicators will be critical to their efforts, said panelists at a ULI conference.
The Trepp survey for the week ending September 12 showed average spreads coming in about 5 basis points. The implied rate for ten-year, modestly leveraged commercial real estate mortgages was 4.0 percent, 64 basis points lower than year-end 2013. It remains a great time to be a borrower.
On China’s southern coast, the integration of the Greater Pearl River Delta links nine cities, plus the special administrative zones of Hong Kong and Macau, to create an urban area of 21,100 square miles (55,000 sq km) and a population of up to 80 million.