Alphabet, Amazon, and Facebook are just a few of the tech giants snapping up space.
Uncertainty in the health care REIT space had spiked since the U.S. elections due to the political debate over the Affordable Care Act. But health care REITs gained 3.5 percent in the week after House Republicans pulled their health care reform bill. Plus, interest rate survey data from Trepp.
Officials in West Palm Beach, Florida—located in a region that boasts some of the wealthiest residents in the world—have made strides in attracting leading financial firms, while also making significant investments in enhancing residents’ quality of life. At a ULI Southeast Florida event in March, local officials and real estate development experts outlined the city’s plan for attracting new companies to the region.
When Sound Transit completes its third phase of expansion in 2041, Greater Seattle will be a region transformed. The $54 billion Sound Transit 3 (ST3) package, approved by voters in November, will bring a total of 116 miles (187 km) of light rail connecting 80 stations in Everett, Seattle, Tacoma, and surrounding suburbs, plus bus rapid transit and more to serve a rapidly growing population. In March, ULI Northwest hosted a panel discussion of development experts focusing on what this transit investment will mean for the region.
With Denver’s population expanding from about 470,000 in 1990 to 700,000 today, many longtime residents in some gentrifying neighborhoods find it difficult to remain as rents, home prices, and property taxes climb. How do communities in other U.S. cities provide for both lower-income families and local culture while being revitalized?
A recent survey of investors conducted by CBRE indicated that a lack of liquidity in the commercial real estate (CRE) market should not be a concern. Last year, $895 billion of capital poured into commercial real estate globally. While that was down 9 percent from 2015, it was still the second-highest yearly volume for the sector since 2007, when just more than $1 trillion poured in. Plus, interest rate survey data from Trepp.
Standing out in the urban core of Miami, Wynwood Walls started as a collection of six privately owned warehouses whose exterior walls were transformed into an outdoor “museum of the streets” by visionary developer Tony Goldman. The Walls surround more than 1.5 acres (0.6 ha) of land—former parking lots and junkyards—that now provide multiple areas that the public can enjoy at no charge.
Both banks and alternative lenders increasingly see the Dallas/Fort Worth market as an attractive place to deploy capital in the commercial real estate sector and remain generally bullish on the region, said panelists speaking at a ULI North Texas event focused on capital markets.
The ULI Terwilliger Center for Housing is examining the housing characteristics and residential location choices of the America’s foreign-born population to better understand the impact that immigrants could have on local housing markets.
Last year was above average for U.S. grocery store openings as they anchored developments ranging from apartments to malls to even some hotel concepts. Here are four trends driving changes in the modern grocery store concept, based on JLL’s recent Grocery Tracker, including scan-and-go payment apps and more prepared meals.