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.
Advances such as 3-D printing, robotics, and big data promise to transform the way people work and live—and how buildings are built. Here is a look at the next wave of the urban environment, and how to be prepared for it.
As we turn our calendar over to 2016, we wanted to look back on the topics that resonated with the readers of Urban Land Online in the past year, including rebuilding vibrant downtowns and ExxonMobil’s new campus in Houston.
Last week, the Federal Reserve raised its target funds interest rate by 25 basis points to 0.50 percent—the first increase since 2006. Residential mortgage REITs gained 3.37 percent Wednesday on the belief that higher interest rates will benefit the sector, and the manufactured-homes sector also posted strong gains.
The keynote speaker at the ULI Japan Fall Conference, held in Tokyo in November, was Takeshi Fujimaki, a member of Japan’s upper house and a long-term critic of the “Abenomics” strategy of President Shinzo Abe, saying Japan is set for dramatic inflation and unprecedented weakness in the yen.
Ten buildings—all completed during the past five years—blend sustainable design strategies with automated technologies that control building systems and give occupants detailed information on resource use.
When Alex Morrison, executive director of the Urban Development Authority for Macon-Bibb County, Georgia, started on a comprehensive plan for downtown revitalization, “we knew we wanted walkability and housing,” he said. “But the how and where [were] driven by the public process.” His emphasis on community engagement drove home a point in a new guidebook, (Re)Building Downtown: A Guidebook for Revitalization, from Smart Growth America.