Overall real estate investment trust acquisitions dwindled throughout 2016 while dispositions surged. Acquisitions for equity REITs were down 35 percent year over year, totaling $63.6 billion in 2016. The fourth-quarter volume was the lowest quarterly total since the second quarter of 2010, at just $7.9 billion. Plus, interest rate survey data from Trepp.
How can land use foster the innovation economy? By partnering with anchor institutions and embracing the idea of a “minimum viable product,” where a stripped-down version is offered to early adopters and then modified based on the usage and other feedback, said development experts at a ULI Philadelphia event in February.
While U.S. policies on energy may shift in the coming years, panelists speaking at an event in New York City in February said that no backtracking is in sight regarding the integration of sustainability into the best practices of the real estate industry.
Graduated density zoning boosts the payoff to participating in land assembly—and could increase the supply of affordable housing.
The U.S. hotel market has experienced significant growth over the past five years, but it is looking at a substantial slowdown as a result of the increase in the supply of rooms. The growth in supply has been picking up speed as operating fundamentals have consistently improved, but it’s no surprise that fundamentals would be soon pressured. Plus, interest rate survey data from Trepp.
At the ULI Europe 2017 conference in Paris, Sarah Harper, professor of gerontology and director of the Oxford University Institute of Population Ageing, shared a series of startling facts about demographics as they relate to the built environment. By 2050, just 5 percent of the world’s working-age population will live in western Europe, whereas Asia and Africa will see huge increases in their share of that demographic. Sub-Saharan Africa in particular could become perhaps the most important region for construction and related industries.
As real estate investment hubs, Latin America’s major cities rarely compare to other world capitals. However, changing regulations combined with investors scouring the globe for growth could bring fresh liquidity into major metropolitan areas like São Paulo and Mexico City, according to panelists speaking at the ULI Latin America Conference in February.
Commercial real estate lending volume finished the year on a strong note as loan closings surged in November and December, according to the latest research from CBRE. Despite concerns throughout the year regarding the direction of the global economy, U.S. capital markets remained favorable to borrowers in the fourth quarter (Q4) of 2016 due to low relative rates and abundant capital.
The prospects for real estate investment in Europe remain positive in spite of widespread geopolitical uncertainty, according to a panel of senior industry figures convened at the 2017 ULI Europe conference in Paris. Participants argued that in spite of heightened political volatility across the globe, the environment for real estate investment in Europe, and indeed globally, remains extremely positive. The political climate is not necessarily influencing real estate as much as one might think, given the intensity of the rhetoric.
Autonomous private vehicles could boost sprawl and the number of miles traveled. Autonomous rapid transit promises a much better payoff.