Lodging real estate investment trusts (REITs) had been coming back after a tough 2015, but travel-related stocks sank in the aftermath of the attacks in Belgium, especially for companies with an international presence. U.S. lodging sector fundamentals have been strong, creating concern about the extent to which further growth can be supported. Plus, interest rate survey data from Trepp.
Joseph W. O’Connor, 70, of North Palm Beach, Florida, passed away at home in February surrounded by family and friends following a courageous ten-month battle with cancer. O’Connor founded Copley Real Estate Advisors, one of the largest and most successful real estate investment firms in the United States. He was cochair of AEW Capital Management and chairman of the Urban Land Institute from 2001 to 2003, in addition to being a ULI Foundation governor and trustee.
How three affordable housing projects are integrating solar to keep energy costs in check.
A staid 1960s mall and its surroundings have been transformed into a $1 billion, 94-acre urban destination—located on two major parcels separated by an arterial street—for one of the fastest-growing metropolitan areas in the United States. At North Hills, a finely balanced mix of uses surrounds parks, plazas, and walkable streets.
A company called Radiator Labs has a solution to cut the cost of heating an old radiator building in places like New York City by a third. The technology also gives residents the power to control the heat in their own apartments—without replacing the central boiler that supplies the heat. This was one of five technology companies at a real estate-focused Demo Day held in January by MetaProp NYC, which calls itself the “New York Real Estate Technology Accelerator.”
The recent $12.8 billion bid by Anbang Insurance for Starwood Hotels and Resorts, even if it proves to be unsuccessful, highlights the ongoing flow of international capital into the U.S. real estate market. Changes adopted in late 2015 to the Foreign Investment in Real Property Tax Act (FIRPTA) are expected to bring additional overseas money to the United States, with foreign pension funds now exempted from FIRPTA tax and withholding. Plus, interest rate survey data from Trepp.
One of the constants in transportation is traffic. It always increases—sometimes quickly, sometimes slowly—challenging engineers to find ways to regularly expand roads. The authors of this book bring a contrary, and possibly threatening, alternative to conventional practice.
A national developer is transforming a former retail strip center in the Washington, D.C., suburbs into a dense, urban, mixed-use neighborhood.
For suburban developers, density used to be a dirty word, but not anymore. “It’s really about using less land to generate more tax revenue and income. I think everybody’s figuring this thing out now,” said James Mazzarelli, senior vice president of Liberty Property Trust, speaking at a recent ULI Philadelphia event.
A film about the intersection of public stimulus and a community’s fight for equal access to good jobs and safe parks, City of Trees will be shown as part of the Environmental Film Festival this month in Washington, D.C