Even Amsterdam’s fairly modern sewage system and the ubiquitous canals and rivers are not likely to withstand the kind of intense rainfall Europe has recently experienced. Expanding the existing infrastructure to process ever-larger amounts of water is also not viable. The ultimate solution lies in a variety of measures ranging from very small ones, such as individuals putting water tanks in gardens, to larger projects like installing permeable surfaces in public spaces.
Last month, Cushman & Wakefield reported that U.S. industrial markets absorbed 63.6 million square feet (5.9 million sq m) of space in the final quarter of 2016, which propelled net absorption for the year to a record-setting 282.9 million square feet (26.3 million sq m). According to the company, the U.S. industrial vacancy rate for all product types continued to decline in the fourth quarter, falling 30 basis points (bps) from the prior quarter and 100 bps from the prior year to 5.5 percent.
According to the National Association of Real Estate Investment Trusts (NAREIT), the FTSE/NAREIT All REIT Index posted a return of 0.2 percent last month, compared to the Standard & Poor’s 500 index return of 1.9 percent. As for REIT property sectors, timber REITs posted a total return of 3.7 percent, while industrial REITs dropped by 6.5 percent. Plus, interest rate survey data from Trepp.
Europe is a divided continent in many ways. While markets like Spain, Portugal, and Croatia are experiencing a surge in visitors, France, Belgium, and Turkey face a tourism crisis. Performance varies from country to country.
The latest issue of the magazine is now available for download through the Urban Land app. The cover package for this issue is titled “Safe and Welcoming: The challenge facing developers of public places.”
Los Angeles is now the top city in Marcus & Millichap’s National Multifamily Index, moving up 11 spots from a year earlier. The move was fueled by a forecast for further tightening in vacancy and minimal supply growth. Robust job growth pushed Seattle-Tacoma seven spots higher to place second on the list.
In the six years since Philadelphia began to slowly reverse decades of population loss, the city has seen its share of real estate development controversies. Most of these—involving questions of gentrification, tax abatements, and density—would be familiar in any number of U.S. cities that have undergone a resurgence in the past few years. But lately, discussions about the preservation and demolition of the city’s thousands of historic properties have been particularly pitched.
Mark Twain once observed that “there are two times in a man’s life when he should not speculate: when he can’t afford it and when he can.” Author Christopher Marcinkoski, on the other hand—a faculty member in landscape architecture and urban design at the University of Pennsylvania—takes the opposite tack in this, his first book: “speculative expansion of settlement will continue in perpetuity, and any suggestion otherwise should be met with the utmost suspicion.”
The term biophilia was coined by psychiatrist Eric Fromm during the 1960s and later championed by esteemed biologist E.O. Wilson (1984) in his evocative book by the same name. Author Tim Beatley is a relatively recent convert to the biophilia hypothesis, having previously garnered well-deserved repute for promoting the cause of sustainable cities as an antidote to the specter of climate change.
Avalon is a mixed-use town center that, in its first phase, includes retail, restaurant, multifamily rental housing, single-family for-sale housing, and office uses surrounding a main street and a central plaza. A second phase will add a hotel and conference center as well as additional retail, multifamily rental housing, and office space. The 2.3 million-square-foot (213,676 meters) project is located in an affluent northern suburb of Atlanta.