Affordable housing projects are often ground zero for the achievement gap that exists in the United States said panelists at the ULI Housing Opportunity conference. Nearly one in four American children (22 percent as of 2013) live in poverty, with half of those children living in neighborhoods of concentrated poverty.
Aging baby boomers and strong demand for inexpensive housing have helped boost the small manufactured housing real estate investment trust (REIT) sector. The sector’s market capitalization totals just $8 billion, but its total year-to-date return of 13.13 percent far exceeds the FTSE NAREIT All Equity REIT average of –1.07 percent. Plus, interest rate survey results from Trepp.
An unloved, enclosed downtown shopping mall is being opened up to create a “Rockefeller Center” for Los Angeles. The centerpiece of this $421 million project is an upscale 400,000-square-foot (37,000 sq m) outdoor shopping, dining, and entertainment district fashioned out of Macy’s Plaza, a brick-clad, fortresslike indoor mall that was erected in 1973.
“The hard truth is that we really have to rebuild and build new with the expectation of likely extreme weather in the future,” said Harriet Tregoning, principal deputy assistant secretary, Office of Community Planning and Development Resilience at the U.S. Department of Housing and Urban Development, speaking as a panelist at ULI’s Housing Opportunity 2015 conference in Minneapolis.
This is a much-anticipated book, and the basic message is an important one: small-scale actions play an essential role in ensuring that cities—and especially the street frontage or building blocks within them—are responsive to genuine but unmet needs
It requires strong partnerships among school districts, the community, and developers to place improved schools at the heart of a new development.
More than 30 of the nation’s leading multifamily developers, owners, and capital providers gathered in May to discuss issues facing the industry at the 2nd annual ULI/Carolyn and Preston Butcher Forum on Multifamily Housing in Houston, Texas, with four key themes emerging.
The Passive House standard created by Passivhaus Institut of Germany is the latest, toughest standard in sustainable design. Owners and developers around the world have certified Passive House buildings, including U.K. property giant Grosvenor. In the United States, developers are now building hundreds of new units of housing to meet the Passive House standards in states like New York and Pennsylvania.
Mixed economic news is weighing on retail markets, pushing real estate investment trust (REIT) performance down. Within the retail REIT sector, regional malls, prized for stability as a core property type, have posted the best year to date returns (–1.92 percent), while shopping centers posted a return of –2.94 percent. Plus, interest rate survey results from Trepp.
Boston architects propose an elevated, connected network of buildings and services that would allow the land beneath to flood without destroying the community.