Mark Twain once observed that “there are two times in a man’s life when he should not speculate: when he can’t afford it and when he can.” Author Christopher Marcinkoski, on the other hand—a faculty member in landscape architecture and urban design at the University of Pennsylvania—takes the opposite tack in this, his first book: “speculative expansion of settlement will continue in perpetuity, and any suggestion otherwise should be met with the utmost suspicion.”
The term biophilia was coined by psychiatrist Eric Fromm during the 1960s and later championed by esteemed biologist E.O. Wilson (1984) in his evocative book by the same name. Author Tim Beatley is a relatively recent convert to the biophilia hypothesis, having previously garnered well-deserved repute for promoting the cause of sustainable cities as an antidote to the specter of climate change.
Avalon is a mixed-use town center that, in its first phase, includes retail, restaurant, multifamily rental housing, single-family for-sale housing, and office uses surrounding a main street and a central plaza. A second phase will add a hotel and conference center as well as additional retail, multifamily rental housing, and office space. The 2.3 million-square-foot (213,676 meters) project is located in an affluent northern suburb of Atlanta.
Data center real estate investment trusts (REITs) have been the best-performing sector over the past two years, posting total returns of 28.36 percent in 2015 and 26.41 percent in 2016. Once considered a fringe sector, data centers have charged onto the center stage as internet use and data consumption have skyrocketed. But data centers are also proving to be one of the sectors most sensitive to interest rates: returns stumbled late in 2016 before making a recovery in December. Plus, interest rate survey data from Trepp.
The U.S. property market landscape in 2017 will be characterized by continued strong fundamentals, increased investment flows, and high transaction volume, while the broader U.S. economy should continue to grow moderately and add jobs.
Though the pace of China’s growth over recent decades meant innovation in land use often lagged the speed of development as a priority, this is changing due to a need for more sustainable and efficient development. Indeed, the country is undergoing a sea change in the way land is used, and for the better, according to experts speaking at a ULI China Mainland Event.
Seattle’s Westlake Avenue bikeway was named America’s best new bike lane of 2016 last month by People for Bikes, an industry coalition of bicycling suppliers and retailers, as well as a charitable foundation. What makes the $3.6 million project notably effective is that it takes advantage of the flat topography close to Lake Union which is beneficial to cycling while also connecting an existing network of trails to a desirable destination.
A new report from ULI Europe and JLL finds that food and beverage (F&B) and leisure offerings are essential to the success and future competitiveness of shopping centers. The report finds that retail sales in a sample of shopping centers analyzed for the study increased by 6.2 percent in the previous 12 months with the addition of leisure and F&B, with retail sales per square meter growing by 1.2 percent over the same period.
Capitalizing on a strong fourth quarter, hotel real estate investment trusts posted a healthy 25 percent total return for the year. However, hotel consulting firm STR is expecting 2.8 percent RevPAR growth this year, which would be the lowest since 2009. Plus, interest rate survey data from Trepp.
How are shopping centers adapting to the new retail landscape? Experts from ULI’s Commercial and Retail Development Councils discuss the future of shopping malls, changing consumer preferences, strategies for replacing vacant department store buildings, the challenges of adding nonretail uses to malls, competition from online retailers, and other trends.