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.
Despite mounting evidence that a new urban growth model is needed, America continues to build dysfunctional cities and suburbs. The authors of this ambitious book would reverse that practice with “ecodesign,” their approach to urban and suburban planning, regulation, and development.
Barangaroo is an AUS$8 billion (US$5.8 billion) waterfront renewal project transforming a long-neglected part of Sydney’s central business district. It is also the city’s largest urban renewal project since the Olympic Games 15 years ago.
Japan and Australia remain the favorite countries for investment and development, according to Emerging Trends in Real Estate® Asia Pacific 2016, with Tokyo, Sydney, Melbourne, and Osaka taking four of the top five spots in the Asia Pacific region.
San Francisco’s shoreline—once cut off from downtown by an elevated highway and a series of inaccessible piers—now offers a series of transit-accessible open spaces that link surrounding communities to the shore. How can cities better existing ports?