What can cities do with aging, obsolete infrastructure that becomes not only useless but also dangerous?
While office tenants may not realize the significance of healthier buildings, experts speaking at the 2015 ULI Spring Meeting said that in the kind of office that tenants want, most of the amenities center on wellness and health.
ULI’s Building Healthy Places Initiative and the Rose Center for Public Leadership are taking a closer look at auto-oriented commercial strips and their potential to activate healthy behaviors in surrounding communities instead of inhibiting them. Through demonstration corridors in four geographically diverse and growing cities—Boise, Denver, Los Angeles, and Nashville—the healthy corridors project aims to spur real changes in infrastructure, policy, and programming along these sites.
At the closing session of the 2015 ULI Spring Meeting in Houston, two local icons—landmark real estate developer Gerald D. Hines and James A. Baker III, who served in three presidential administrations and was secretary of state under President George H.W. Bush—talked about leadership and perhaps its most crucial ingredient, the willingness to take bold risks and run with game-changing ideas.
Mixed-use projects have the potential to transform urban areas and create long-term value for developers and investors. But as members of a panel at the 2015 ULI Spring Meeting in Houston explained, it is a lot trickier than it might seem to create a successful synergy of uses, at a time when demographic shifts are altering how people live and work.
The U.S. real estate market remains awash in foreign capital, but those providing the funds are much more disciplined and better informed than in the past, a panel of real estate finance experts said at the 2015 ULI Spring Meeting in Houston.
Over the last decade, there has been a sea change in how freight is moved through ports and on land, which is beginning to have a profound impact on traditional ports and inland ports and the real estate that surrounds them.
Strong growth in e-commerce is driving demand for industrial space. Real estate investment trusts like Prologis, whose $20.5 billion market cap represents 66 percent of the industrial REIT sector, are at the forefront of these changes. Plus, interest rate survey results from Trepp.
Strong U.S. demographics and the rise of the Asia Pacific economy have created a wave of international capital hungry for real estate deals stateside, resulting in a rapidly expanding role of foreign capital in the U.S. real estate market.
Generation Y’s needs, preferences, and desires will have a huge impact on almost every facet of the American economy, said panelists at the ULI Spring Meeting.