According to analysis by Morningstar Credit Ratings, 302 properties, with an allocated property balance of $1.1 billion, may be at elevated risk because of major flooding in Louisiana last month.
Many macroeconomic trends continue to favor U.S. commercial real estate as an asset class, Jimmy Hinton, a managing director of research at HFF, told attendees at a ULI South Carolina capital markets conference in early September.
Journalist Edward Humes is a Pulitzer Prize winner and author of 14 books. In Door to Door he takes on another complex, resource-intensive topic: the mammoth transportation systems that make it possible (and often frighteningly impossible) for Americans to drive 344 million miles in an hour and move $55 billion worth of goods per day.
Construction during the current real estate cycle has generally stayed below historical trends, but deliveries have increased as the cycle matures. For example, real estate investment trusts like Avalon Bay and Equity Residential with significant investments in apartment markets like Manhattan and San Francisco have already cut their revenue forecasts several times this year. Plus, interest rate survey data from Trepp.
ULI member and urban planner Patrick Kennedy recently appeared on the Streetsblog podcast, Talking Headways, to discuss Kennedy’s highway removal campaign for Dallas, known as “A New Dallas,” and the recent Texas DOT CityMap Plan to re-imagine the freeways and roads in the city’s downtown.
One of the largest eat/work/play/live developments in Texas, the $3 billion Legacy West project is attracting companies like Toyota, FedEx, JPMorgan Chase, and Liberty Mutual by focusing on the interests of generation X and millennial employees.
Encouraging economic news released in August heightened the potential that the Fed will increase interest rates. But this good news proved to be a bit too positive, as it may have contributed to a withdrawal in the real estate investment trust sector. Plus, interest rate survey data from Trepp.
Author Gary Sernovitz sees the American oil and gas renaissance as “the Internet of oil, a spark . . . that led to an industrial change of such scope and magnitude that we have woken up . . . in a once impossible world.” Yet public understanding of the shale revolution has lagged, leading to hype, scaremongering, and a failure to candidly discuss its urgent moral, technological, regulatory, and environmental challenges.
The potential and limitations associated with inclusionary zoning, a tool used by a growing number of U.S. cities to encourage or require workforce housing development, are explored in a new ULI report, The Economics of Inclusionary Development.
Developers are undertaking new solutions and adjusting old ones to demonstrate that storm-related and sea-rise resilience can be leveraged into user amenities and community benefits, making dollars stretch further.