Welcoming attendees to the ULI Spring Meeting in Houston, Mayor Anisse Parker said that the lessons learned by her city have resonance across the United States. “One of the things that I very quickly discovered when I became mayor,” she said, “is that Houston was better known across the borders of the United States than it was across the state lines.”
Creating a thriving mixed-use property is not nearly as simple as putting retail space on the ground floor of a multifamily residential building, even though that is just what many local officials and planners like to dictate, according to a panel of experts at the ULI Spring Meeting in Houston.
The explosion in e-commerce continues to disrupt the real estate industry, with no end in sight. E-commerce may affect demand for retail space, said panelists at the ULI Spring Meeting, and it is already increasing demand for warehouse space.
What can cities do with aging, obsolete infrastructure that becomes not only useless but also dangerous? At the annual Washington Real Estate Trends conference sponsored by ULI’s Washington, D.C., district council, panelists presented inspiring examples of several successful projects in the nation’s capital and beyond.
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.