Harnessing the power of big data and the internet, new tech capabilities allow governments to fine-tune services—and allow residents more influence.
Completed in May 2013, GLP Misato III is a state-of-the-art logistics facility in Greater Tokyo in the Saitama Prefecture. The five-story facility, with a total floor area of 1 million square feet (93,000 sq m), is equipped with dual ramps allowing service vehicles to drive to each floor, demonstrating efficiency of land use in a country where land is severely constrained.
Be forewarned: this book’s emphatic title tells readers that, in the author’s view, local land use regulation shapes the form of American communities, for better or worse. To solve the problems of sprawl and economic segregation that plague cities and urban development, William A. Fischel, an economics professor at Dartmouth College, insists that we must radically reform zoning in the United States.
ULI has announced an area in Atlanta’s Midtown neighborhood as the study site in the 14th annual ULI Hines Student Competition. The ideas competition provides teams the opportunity to devise a design and development program for parts of a large-scale site.
Underlying real estate property fundamentals are healthy and asset valuations are high. However, interest rates are moving higher and a market misalignment has been created where many real estate investment trusts are trading below net asset value. Tax, policy, and legislative changes also are helping set the stage for REIT activity this year. Plus, interest rate survey data from Trepp.
In Port Elizabeth, a coastal city in the Eastern Cape Province of South Africa, city officials hope to catalyze development surrounding the river and port, as well as other parts of the Baakens Valley Precinct, a 300-acre (120 ha) site. The plans “will turn the city around,” says Dawn McCarthy, the municipality’s senior director for strategic planning and coordination in the office of the chief operating officer, speaking at the opening briefing for a World Bank–sponsored ULI Advisory Services panel convened in November.
Real estate investment trusts (REITs) ended the year with a total return of 3.13 percent. Healthy demand for all types of space led to higher revenues and improved REIT profitability; rising property values created an attractive environment for sales. But high property valuations also made acquisitions difficult and left many REITs considering alternatives for expansion. Plus, interest rate survey data from Trepp.
Originally opened in 1952 as a fresh goods market, Mercado do Bom Sucesso is a renovated public building that hosts a shopping center, offices, a hotel, and a fresh food market.
It is easy to paint a black-and-white picture of China’s environmental policies. But in this book, Julie Sze is able to bring a more nuanced view. The professor from the University of California, Irvine, looks at eco-cities and explores prominent examples in China that involved global engineering and design firms.
After a long, hard slog, housing starts (both single- and multifamily) are poised to approach the long-term average (1959–2014) of just under 1.5 million units in 2016. This activity is far from the mid-2000s’ boom level of above 2 million units a year, but it will yield some compelling new trends in the coming year, says UCLA Anderson Forecast senior economist David Shulman.