The forces of decentralization remain far stronger than those of reconcentration, but this is common in politically fragmented regions like Greater Washington. As a result, financing to address the region’s infrastructure needs in order to better serve residents and workers – on the outer edges as well as close in – remains the metro area’s most formidable challenge.
Equity-rich sovereign wealth funds (SWFs) are one of the few investors in a position to take advantage of real estate opportunities presented by the global financial downturn. Who has, and where have they, been cherry-picking the best deals?
In spite of the setbacks from the recession and the oil spill, disappointing federal, state, and local actions after the storm, and the continuing uncertainty of rebuilding efforts, New Orleans remains a remarkable place. The story of the city’s revival is not about government money or strong political leadership, but rather about thousands of individuals and hundreds of nonprofit organizations that believe in a future.
What redevelopment opportunities exist now worth pursuing? In eight U.S. regions, redevelopment in urban neighborhoods accounts for between one fourth and one half of all new construction this year, according to the U.S. Environmental Protection Agency. However, the lack of ready sources of capital is forcing developers to partner with city and state governments in creative ways to get projects built.
The Washington, D.C., metro area has emerged from the country’s latest recession relatively unscathed. More important, it has established patterns of development that will help the region achieve further success in the next decade, providing a model for other growth areas around the country. Learn about the varied projects that can serve as models for success in other cities.
Whenever Frank Navarro of Navarro Lowrey, Inc. discusses his experiences in green building with fellow developers, two questions inevitably arise: “How much does it cost?” and “are you getting higher rents?” These two issues—cost and return—are critical for real estate investment and development decision making, yet in the realm of green building, the available data is often mixed or unhelpful. So what can a developer do to ensure his or her investment in sustainable design is a successful one?
In 2009, the median price of an existing single-family home in the United States declined by 12.5 percent, the largest single-year drop since the National Association of Realtors began tracking the number in the late 1960s. But there were pockets of stable values and even rising home prices in every major metropolitan area across the country. The location of these stronger neighborhoods tended to depend on the traditional strengths of the metropolitan area as a whole.
“Resilient” seems to be the best word to describe the U.S. Gulf Coast real estate industry. No matter what Texas, Louisiana, Mississippi, or Alabama experience— natural disasters, economic downturns, or other unforeseen problems—the region seems to bounce back stronger than ever.
The principal of Citadel Realty Advisors and author of the Ross Rant newsletter discusses the private equity markets, including current challenges and what lies ahead.
It seems that everyone in the commercial real estate (CRE) industry is attempting to retool their operations to launch a fund in anticipation of the much-anticipated CRE bust and resulting flood of distressed supply supposedly just over the horizon. But it often is those individuals pitching their new fund—created to capitalize on distressed deals—who in the next sentence say “there are just no deals out there.” Should this raise a red flag?