Last year, veteran Texas homebuilder Jim Lemming decided to construct houses to meet the prevailing tastes and lifestyles of Houston’s growing southwest suburbs. That meant building houses with prayer rooms, Islamic-style arches, domed roofs, and extra master bedroom suites to accommodate multigenerational households.
Strong demand from technology, advertising, media, and information tenants, combined with limited new office supply, has allowed for healthy rent growth. The office sector’s 2.89 percent dividend yield is below average for equity REITs, but in the current low-interest-rate environment, it is attractive compared with other investment options. Plus, interest rate survey results from Trepp.
No city in the United States is probably less likely to be the poster child for healthy living through physical activity than Houston. Yet things are changing, and these changes are making Houston a great laboratory that will help us figure out whether it is possible to change real estate development patterns in the Sun Belt in a way that increases physical activity and therefore improves public health.
A mixed-use urban district in the Houston suburbs has created a much-needed pedestrian-friendly setting for office tenants, apartment dwellers, hotel guests, and retail/restaurant patrons.
The American Institute of Architects and the American Library Association have selected six recipients to receive the 2015 AIA/ALA Library Building Awards, including the new Cedar Rapids Public Library, designed by OPN Architects.
Mifflin West of Madison, Wisconsin, was named America’s most livable neighborhood in AARP’s Livability index, followed by the Upper West Side of New York and Boston’s Downtown Crossing.
Longtime Urban Land Institute leader A. Alfred Taubman passed away following a heart attack. He was 91. Taubman, a real estate industry icon who pioneered the development of enclosed shopping malls, had been a ULI Foundation governor since 1985. He served as a trustee from 1980 through 1992, and was a member of the ULI Advisory Services committee from 1995 to 1996.
As the only major U.S. city without formal zoning, Houston has a reputation as a freewheeling place where anything goes. But in truth, a complex patchwork of public and private regulation has evolved to impose order.
How are developers catering to boomers, gen Xers, and millennials whose expectations were affected by the Great Recession? Members of ULI’s Recreational Development Council discuss opportunities for repositioning and new construction in the coming years, changes in consumer preferences and demographic trends, and other factors influencing resort, vacation, and second-home destinations.
For those of you who have already downloaded the Urban Land app for tablets and smartphones, the latest issue is now available. In addition to the Apple and Android app stores, you can now download the magazine on your Kindle Fire and Windows 8 devices.