Real estate activity in America’s heartland is growing at a solid clip, driven by increases in employment, a recovering economy, and pent-up demand for new product.
The holiday season and beginning of the new year brought some bright spots, but also some cause for concern in the retail sector, which, in turn, affects commercial real estate. For example, some household names announced store closures in recent months, while other sectors of the retail world have survived, thrived, and even expanded.
Teams from Carnegie Mellon University, Université Laval in Quebec, the University of Maryland, and the University of Texas at Austin have been selected as the four finalists for the 15th annual ULI Hines Student Competition.
The following ten projects—all completed over the past five years—take creative approaches to balance transparency with security to reach out to the public.
According to NAREIT, regional mall REITs posted total yearly returns of –5.2 percent last year. However, the broader retail REIT sector brought in a 0.95 percent total return for 2016, and 0.5 percent for 2017 year-to-date. Within the sector, freestanding retail REITs significantly outperformed mall REITs and shopping centers last year overall. Plus, interest rate survey data from Trepp.
Given that urbanization is putting ever-greater pressure on the finite resources of Europe’s capital cities, the need to create more affordable housing was a major part of the discussion with three public officials speaking at the recent ULI Europe Conference.
The significant, lasting impact that driverless technology will have on land use and urban development was the topic of a thought-provoking discussion at ULI’s recent Midwinter Meeting, held at ULI headquarters in Washington, D.C., and attended by the Institute’s global trustees.
At a recent ULI Chicago event, speakers addressed the disruptive technologies that are having an impact on today’s lifestyles and shaping our vision of the future city. What is a reasonable projection of the near future in real estate, and which investments will enable the industry to profit and cities to prosper? Panelists asked whether current trends are pointing us toward a leisure city, a green city, a dystopia, or something in between.
A new study of TOD and parking, Empty Spaces, which focused on five case studies and was released by Smart Growth America in partnership with the University of Utah’s College of Architecture and Planning, found that even some of the top TOD projects in the United States had built too much parking.
Energy and energy efficiency were recurring topics at a recent event hosted by ULI Los Angeles, as developers and planners wrestle with ways to improve the efficiency of buildings and communities. New technology and government mandates have helped push the issues to the forefront, but speakers emphasized repeatedly the need for a different way of thinking about short- and long-term goals.