Standing out in the urban core of Miami, Wynwood Walls started as a collection of six privately owned warehouses whose exterior walls were transformed into an outdoor “museum of the streets” by visionary developer Tony Goldman. The Walls surround more than 1.5 acres (0.6 ha) of land—former parking lots and junkyards—that now provide multiple areas that the public can enjoy at no charge.
Both banks and alternative lenders increasingly see the Dallas/Fort Worth market as an attractive place to deploy capital in the commercial real estate sector and remain generally bullish on the region, said panelists speaking at a ULI North Texas event focused on capital markets.
The ULI Terwilliger Center for Housing is examining the housing characteristics and residential location choices of the America’s foreign-born population to better understand the impact that immigrants could have on local housing markets across the country, particularly in the suburbs. In some cases, the growing immigrant population may fuel continued population growth in central cities. But in many instances, immigrants will be a key source of demand for single-family housing in the suburbs.
Last year was above average for U.S. grocery store openings as they anchored developments ranging from apartments to malls to even some hotel concepts. Here are four trends driving changes in the modern grocery store concept, based on JLL’s recent Grocery Tracker, including scan-and-go payment apps and more prepared meals.
For the second time in the past four months, the Federal Reserve has upped the benchmark interest rate by a quarter point to a target range of 0.75–1.0 percent. While news of the rate hike caused government bond yields to drop, REITs rallied by over 2 percent following the announcement. Plus, interest rate survey data from Trepp.
A $15 million redevelopment of Levy Park in Houston’s Upper Kirby District neighborhood southwest of downtown creates green space and placemaking for the growing city of Houston.
The Brightline, set to begin service this July, has prompted a unique opportunity within southeast Florida for transit-oriented development projects, as the privately funded rail service will connect Miami, Fort Lauderdale, and West Palm Beach.
San Jose, California, and Seattle-Tacoma, Washington, hold the top two spots in Marcus & Millichap’s latest National Office Property Index (NOPI). Both markets boast vacancy rates below the national average and significant completions forecast for 2017.
Two of the current ULI Rose Center fellows, Mayor Muriel Bowser of Washington, D.C., and Mayor Sam Liccardo of San Jose, California, gave brief interviews on what their cities are doing for the tech sector. housing affordability, and infrastucture. Liccardo said, “We are starting to recognize that the suburban tilt-up campus of a generation ago are not what young creative people want to work in today and we need to think more and more about how we’d retrofit a city that was really largely built for cars into a city that’s built for people.”
Les Docks Village is a ground-floor rehabilitation of the Docks, a historic and emblematic structure built in 1857 on the Marseille harbor and purchased by J.P. Morgan in 2007.