While the insurance industry is developing new risk standards for natural disasters, according to a ULI white paper, the real estate sector and governments also must play an active role in climate change adaptation
Could San Francisco’s landlords finance badly needed earthquake retrofits by converting garages into “granny flats” while also adding badly needed affordable housing?
Paul Katz, president and managing principal of global architecture firm Kohn Pedersen Fox Associates and a ULI member, died November 20 in Manhattan. He had been undergoing treatment for cancer, with which he had only recently been diagnosed, at Memorial Sloan Kettering Cancer Center. He was 57.
The Trepp survey for the week ending November 28, 2014, showed spreads relatively unchanged over the past 30 days, with the average spread declining 1 basis point. During the period, borrowers benefited from a 12-basis-point decline in the yield on ten-year Treasury notes. The implied all-in cost of 3.6 percent is 104—repeat, 104—basis points lower than it was on December 31, 2013.
A study of 24 California cities with an array of street design characteristics found that living in cities with high intersection density—a measure of compactness—significantly reduces the risk of obesity, diabetes, high blood pressure, and heart disease.
Japan remains a favored country for real estate activity in Asia, with Tokyo and Osaka ranked first and third, respectively, in terms of investment and development prospects for next year, according to Emerging Trends in Real Estate® Asia Pacific 2015, a real estate forecast jointly published by the Urban Land Institute and PwC.
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In an excerpt from his 2013 John T. Dunlop Lecture, J. Ronald Terwilliger suggests society should focus less on subsidizing higher-income homeowners and more on helping lower-income renters, as well as low-wealth homebuyers.
Kenneth H. Hughes, a ULI Foundation governor and former ULI trustee, died November 29 after a brief illness. Hughes, a Dallas-based real estate developer, had as his signature and pioneering project Mockingbird Station, the first transit-oriented development in Texas.
The Trepp survey was not conducted last week due to the Thanksgiving holiday. If the survey had been conducted, it most likely would have shown a decline in average spreads of 10 to 15 basis points, mirroring the recent decline in yields on ten-year Treasury bonds, which closed at 2.18 percent on November 28.