Last year, the California Supreme Court ruled that a project proposed through the citizen initiative process and subsequently approved by a council—without a public vote—was exempt from a California Environmental Quality Act (CEQA) review, overturning a lower court decision. Now, a project can potentially avoid months of costly CEQA-related delays if a developer raises enough signatures for an initiative and the council or board simply ratifies the project.
David Audretsch is an unabashed advocate of place-based economic entrepreneurship. A distinguished professor and director of the Development Studies Institute at Indiana University, Audretsch argues that the economic performance of places (especially cities and regions) matters as much as that of commercial firms and industries.
While some analysts had worried that as millennials grew older they would settle down and raise their families outside of D.C., there seems to be little evidence of that happening yet, according to a new survey, conducted by Qualtrix on behalf of ULI Washington. Many millennials plan to stay inside the Beltway and are not necessarily worried about schools and day care because they are putting off having children, the survey shows.
ULI will hold its 2016 Spring Meeting April 19–21 at the Pennsylvania Convention Center in Philadelphia open only to full members. A major focus for the 2016 gathering will be innovation, transformative place making, and the entrepreneurial culture taking root in cities across the United States. Philadelphia, which has not hosted a major ULI event in more than 20 years, is a prime example of this urban evolution.
Investing in lower-emission public transport, using more renewable energy, and increasing efficiency in commercial buildings and waste management in cities across the globe could generate $17 trillion in savings in current dollars by 2050, according to a recent report from the New Climate Economy, an advocacy group.
The role of open space in cities was the focus of a panel at ULI’s recent Fall Meeting. Will Rogers, chief executive officer at the Trust for Public Land offered tips on ways to make the spaces cultural assets that connect with local populations, while other panelists gave practical examples of parks and industrial brownfields that have been reimagined as cultural resources.
Advanced manufacturing, which uses high levels of technology in addition to innovative materials and processes, is replacing traditional production in many locations and creating new industrial centers in others. A panel at ULI’s Fall Meeting addressed the changes in manufacturing and how they will affect urban centers.
Newly confident and deep-pocketed consumers are driving vacation-home sales to levels that have not been seen in a decade, said panelists at the ULI Fall Meeting. But prices have not yet reached previous peaks, and buyers are increasingly cautious and cost-conscious.
In the coming years, it will be possible to access mountains of aggregated market data and do real-time valuations for industrial, retail, and office properties; and buildings will be traded online the way that stocks are traded now. That is the world envisioned by a panel of real estate information technology providers at ULI’s 2015 Fall Meeting in San Francisco, and they expect to see it happening in the next few years.
Developers who are trying to fill the ever-expanding demands of technology companies have learned a few things about their clients: They want a place to park their bikes; they like bringing their dogs to work; and, above all, they love rooftop decks.