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.
Strong growth in e-commerce is driving demand for industrial space. Real estate investment trusts like Prologis, whose $20.5 billion market cap represents 66 percent of the industrial REIT sector, are at the forefront of these changes. Plus, interest rate survey results from Trepp.
Strong U.S. demographics and the rise of the Asia Pacific economy have created a wave of international capital hungry for real estate deals stateside, resulting in a rapidly expanding role of foreign capital in the U.S. real estate market.
Generation Y’s needs, preferences, and desires will have a huge impact on almost every facet of the American economy, said panelists at the ULI Spring Meeting.
In a discussion between four mayors and former mayors including Seattle, Pittsburgh, Omaha, and South Bay, Florida, participants identified multiple trends that pose difficult challenges for city governments—but which also potentially provide opportunities.
Increasingly, it is the ability—and willingness—of state and local governments to pay the ongoing cost of operation and maintaining new transportation projects that dictates whether capital will be invested in the infrastructure itself, according to a panel of experts at the ULI Spring Meeting in Houston.
Driven by increasing demand from tenants and investors, real estate developers and owners of all sizes are beginning to make significant, tangible strides in embracing energy-efficient, sustainable buildings for the future.
ULI has announced the winner of the 2015 ULI Apgar Urban Land Award, written by Dan Malone and Richard Peiser. Their article, “The Making of Miami Beach’s Mixed-Use Garage,” was published in the September 2014 issue of the magazine.
Public-private partnerships have helped drive Houston’s transformation in recent years. But in order for that formula to succeed, energy industry entrepreneur and civic philanthropist Richard “Rich” Kinder warns that it is essential for private donors to show the same sort of toughness and financial savvy that helped them make their business fortunes.