While the U.S. rental market has continued to expand, the markets for single-family houses and condominiums is still recovering. Affordability is an acute problem in both, according to the findings of the latest State of the Nation’s Housing report, issued by Harvard’s Joint Center for Housing Studies.
After years of steady growth, the hotel industry is bracing for a tough year. “Growth and revenue are slowing down,” Bruce Baltin, managing director of CBRE Hotels, told executives and experts gathered for ULI’s “Hotel and Resort Development: Next Wave of Innovation” conference in La Costa, California, held in June. “It’s hit a peak. We think we’re at a plateau.”
The long-predicted generational shift in the hotel industry is starting to happen, according to speakers at ULI’s recent “Hotel and Resort Development: Next Wave of Innovation” conference in La Costa, California. Baby boomers are growing older and millennials are developing as a buying group, forcing developers and operators to rethink developments. Everyone is racing to determine what works—and what doesn’t—as projects look to adjust to the latest trends, speakers said.
Homebuyers and developers have developed an appetite for more food-based amenities, said panelists speaking at a ULI Food & Real Estate Forum in Tarrytown, New York. “One of the hottest trends in new home development is incorporating agriculture…communities that include working farms are popping up all over the country,” says Sarene Marshall, executive director of the ULI Center for Sustainability.
According to authors Ray Tomalty and Alan Mallach, U.S. cities should look to Canada for ways to make our urban areas more livable and sustainable.
The development of 12th Avenue Arts transformed a 29,000-square-foot (2,700 sq m) surface parking lot into a light-filled cultural center mixing arts, housing, and public-safety needs. The activation of this specific plot of land had been mentioned in two neighborhood plans over the last 12 years as the highest community priority.
In his recently released book, Evicted: Poverty and Profit in the American City, sociologist and 2016 MacArthur Fellow Matthew Desmond explores life for low-income renters and their landlords in two high-poverty Milwaukee communities. How Housing Matters spoke with Desmond about his research and its implications for housing policy.
The overwhelming majority of hotel real estate investment trusts (REITs) are trading at prices that represent discounts to their net asset value, as has been the case for more than a year now. The thinking in some circles is that the hotel sector is approaching its cyclical peak. Plus, interest rate survey data from Trepp.
Based on his unique combination of experiences as a food truck entrepreneur, a Zipcar executive, and as the head of transportation for the cities of Chicago and Washington, D.C., author, investor, and entrepreneur Gabe Klein spoke at the 2016 ULI Asia Pacific Summit about the secret to success in the new global economy.
The development of megacities will characterize the next evolution of urbanization, global strategist and author Parag Khanna told those attending the 2016 ULI Asia Pacific Summit in Shanghai in June.