Juxtaposing the modern with the historic, Jing An Kerry Centre represents a new mixed-use development in the dynamic Jing An district in Shanghai. Now recognized as a signature landmark of the area, this multiuse complex features two towers, podium retail space, a hotel with 508 rooms, an event center, and office amenities.
Three new master-planned communities—two in Miami and a third in Sunrise, a west Broward County suburb that skirts the Everglades—are among the most highly anticipated real estate projects in south Florida right now as business and civic leaders gauge consumer appetite for dense, walkable, and mixed-use urban lifestyles. In a state known for sprawling, single-family subdivisions, a move toward vertical, compact communities represents a new chapter.
Even as the broader equity markets fell, real estate investment trusts posted positive returns as economic uncertainty once again took center stage. The Federal Reserve Board’s decision not to raise interest rates this month was good news for REITs in terms of keeping their cost of capital low, but also reflected some weak economic news that could mean economic growth is faltering. Plus, interest rate survey data from Trepp.
Noted urbanist and author Richard Florida opened the recent 2016 ULI Florida Summit in Miami by reminding the audience that the creative class and the industries in which it works are the single most important economic drivers in the 21st-century economy. Naturally, some cities—moreover, specific neighborhoods—are better than others at attracting the creative class, mainly by being highly compact, transit-oriented, and walkable, according to Florida’s research.
Conversations are taking place among private developers, public sector leaders, nonprofit organizations, and academic institutions in south Florida on a shared, multifaceted approach to climate change. A panel on resilience and the real estate industry at the recent ULI Florida Summit in Miami described some of these emerging partnerships, which will be necessary to adapt to the new normal of sea-level rise as well as plan and pay for more resilient communities.
Golf course operators try to shave a few strokes off their water numbers.
“Urban living is one of the key drivers of unsustainability,” said Ed Groak, chairman of the Worldwatch Institute, at the recent launch of the 2016 State of the World report, Can a City Be Sustainable? Despite the many challenges, the report indicates that the answer is yes.
After years of community conversations, planning, and stalled projects, the Los Angeles neighborhood of Pacoima is getting closer to moving forward on a wide range of initiatives to bring new life to Van Nuys Boulevard, the area’s main thoroughfare.
Trinity Groves is a multiphase redevelopment of a former warehouse and light-industrial site that began with a 10.3-acre restaurant/specialty food incubator and destination.
The current real estate cycle is maturing after more than seven years of expansion. Real estate investment trusts in all sectors are responding to market conditions by selling more properties than they are buying and by recycling capital to fund new development and redevelopment. Plus, interest rate survey data from Trepp.