Over the past decade, innovation districts have been popping up around the globe, from Barcelona to Seattle. Although there is no “cookie cutter” formula to these technology-centric developments, they do have some elements in common, including a major anchor institution and a shared goal of bringing together a mix of uses within a dense urban setting.
With 120,000 people flocking to cities every day, urban migration highlights the need for adequate shelter. The key challenge for providers of affordable housing in Asian cities is finding developable land and securing the capital to build housing on a massive scale, an international panel of housing experts said at the Habitat for Humanity Asia-Pacific Housing Forum in Hong Kong in September.
How is technology changing the built environment? Members of four of ULI’s product councils discuss how technology is changing development in their sectors, how growing up with technology has influenced the millennial generation, how the greater availability of data can benefit property owners and developers, how technology can support more sustainable development, and what potentially game-changing technologies lie ahead.
Lord Richard Rogers, an internationally renowned architect recognized for people-oriented building design and development, has been named the 2015 recipient of the ULI J.C. Nichols Prize for Visionaries in Urban Development, the Institute’s highest honor. Rogers, founder of Rogers Stirk Harbour + Partners in London, is being recognized for his career-long focus on creating sustainable communities that thrive by providing a high quality of life for all residents.
The shrinking supply of workforce and affordable rental housing in cities across the United States has sparked innovative financing vehicles from an array of real estate firms to preserve the units, helping stem the loss of an urgently needed product, according to a report released by ULI and NeighborWorks America.
A healthy outlook for the Hawaiian economy and real estate market has attracted investors to the state, including many real estate investment trusts (REITs). Few clouds are on the horizon, but the market should be closely watched because external shocks, ranging from weather events to terrorist attacks, can cause it to turn quickly. Plus, interest rate survey results from Trepp.
Returns on real estate investment trusts (REITs) turned slightly negative in November following a strong performance in October. The FTSE NAREIT All Equity REIT average declined by 0.17 percent, and total year-to-date REIT returns at the end of November measured 1.50 percent. Plus, interest rate survey results from Trepp.
Soccer is more than just a game in East New York. For hundreds of residents in this low-income Brooklyn neighborhood of New York City, soccer is also seen as a gateway to a better life. Nonprofit groups use the sport to help disadvantaged residents learn critical skills.
The latest issue of Urban Land is now available for download via the app. If you have not downloaded it before, you can do so now at no charge. The cover package for this issue is titled “The Age of Data.”
ULI has endorsed formation of the Global Alliance for Buildings and Construction (GABC) to advance the real estate industry’s efforts to mitigate the impacts of climate change and reduce the industry’s carbon footprint on a worldwide scale. The agreement to form the alliance was signed December 3 in Paris during Buildings Day, an event held in conjunction with the 2015 Paris Climate Conference.