Europe is a divided continent in many ways. While markets like Spain, Portugal, and Croatia are experiencing a surge in visitors, France, Belgium, and Turkey face a tourism crisis. Performance varies from country to country.
The latest issue of the magazine is now available for download through the Urban Land app. The cover package for this issue is titled “Safe and Welcoming: The challenge facing developers of public places.”
Los Angeles is now the top city in Marcus & Millichap’s National Multifamily Index, moving up 11 spots from a year earlier. The move was fueled by a forecast for further tightening in vacancy and minimal supply growth. Robust job growth pushed Seattle-Tacoma seven spots higher to place second on the list.
In the six years since Philadelphia began to slowly reverse decades of population loss, the city has seen its share of real estate development controversies. Most of these—involving questions of gentrification, tax abatements, and density—would be familiar in any number of U.S. cities that have undergone a resurgence in the past few years. But lately, discussions about the preservation and demolition of the city’s thousands of historic properties have been particularly pitched.
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.