Many gambling stocks are losing value and weighed down by debt, with limited options for new financing. To date, one gaming company has formed a REIT that is growing through acquisitions, and several others are considering similar moves to unlock value and boost their stock prices. Plus, interest rate survey results from Trepp.
Frankfurt and Offenbach make up the center of the Rhine-Main region along the River Main in southwestern Germany. Frankfurt’s global reputation, strong transport links, and burgeoning financial center provide a stark contrast to its quirky, isolated, and less affluent neighbor. But according to a ULI Advisory Services panel, the future of both cities depends on their ability and willingness to work together.
Members of ULI’s Sustainable Development Council discuss ideas for redesigning the urban realm in ways that consume fewer resources and reduce or reverse environmental impacts. New technologies include driverless vehicles, decentralized water systems, landscapes that filter water, and buildings that reduce urban air pollution.
For over a decade, the supply of affordable rental housing in the United States has been woefully insufficient to keep up with demand. The ULI Housing Opportunity 2015 Conference took a hard look at this multifaceted problem, particularly as it relates to rental housing.
At a panel discussion on mixed-income housing at the recent ULI Housing Opportunity 2015 conference, ULI trustee Colleen Carey shared a recent experience of trying to raise capital for a mixed-income multifamily project that her firm, the Cornerstone Group, hopes to build as part of Lyndale Gardens, a new town center in Richfield, Minnesota.
Experts at ULI’s recent Housing Opportunity 2015 conference in Minneapolis, however, say that today’s buildings are moving ever closer to net zero becoming a practical reality.
A focus on health and sustainability is a market differentiator, developers and financiers said at a recent ULI webinar during which they discussed their success with such an approach.
Affordable housing projects are often ground zero for the achievement gap that exists in the United States said panelists at the ULI Housing Opportunity conference. Nearly one in four American children (22 percent as of 2013) live in poverty, with half of those children living in neighborhoods of concentrated poverty.
Aging baby boomers and strong demand for inexpensive housing have helped boost the small manufactured housing real estate investment trust (REIT) sector. The sector’s market capitalization totals just $8 billion, but its total year-to-date return of 13.13 percent far exceeds the FTSE NAREIT All Equity REIT average of –1.07 percent. Plus, interest rate survey results from Trepp.
An unloved, enclosed downtown shopping mall is being opened up to create a “Rockefeller Center” for Los Angeles. The centerpiece of the project is an upscale 400,000-square-foot (37,000 sq m) outdoor shopping, dining, and entertainment district.