During a session at the 2016 ULI Fall Meeting, panelists involved in the ULI Healthy Corridors project discussed strategies for transforming unsafe, unattractive, and poorly connected commercial corridors into thriving places that further the goal of creating healthy and economically vibrant communities.
October share prices for REITS were lower month-over-month, and all sectors posted lower returns, except for infrastructure REITs which reported 18.3 percent in total returns for the year. Despite the decline in prices and performance, sector returns continue to surpass the S&P 500. Plus, interest rate survey data from Trepp.
In the ULI NEXT Global “Legacies and Leadership” session at the 2016 ULI Fall Meeting, three lions of the industry, all former ULI chairs, shared lessons learned from their careers in real estate—their inspirations, insights, challenges, and how their work has shaped their values and vision for the Institute’s future.
At the 2016 ULI Fall Meeting in Dallas, the ULI Women’s Leadership Initiative (WLI) presented a candid conversation with Lucy C. Billingsley, cofounder and partner of the Billingsley Company, an award-winning land development and property management firm based in Dallas with 3,200 acres (1,300 ha) of master-planned communities, as well as office parks and industrial and retail projects. The daughter of the legendary Trammell Crow, Billingsley has real estate in her DNA.
Optimism is “not something you do, but rather a spirit you bring to everything you do,” keynote speaker Steve Gross, a clinical social worker and founder of the Life is Good Kids Foundation, told ULI members at a 2016 ULI Fall Meeting general session. Gross, the foundation’s “chief playmaker,” shared his thoughts on optimism and offered practical advice for cultivating an optimistic and playful spirit, based on his work with children who have experienced traumas.
In the search for safe havens, German cities will be Europe’s most preferred real estate investment and development destinations in 2017, according to Emerging Trends in Real Estate®Europe 2017. Berlin, Hamburg, Frankfurt, and Munich occupy four of the top five spots for 2017 investment and development prospects in the annual forecast published jointly by ULI and PwC. The report is based on the opinions of almost 800 real estate professionals in Europe, including investors, developers, lenders, agents, and consultants.
Regenerative developments are breathing new life and economic growth into mature cities with transformative initiatives that are imparting a new competitiveness and bright futures to urban areas, panelists said at the 2016 ULI Fall Meeting in Dallas. “We aren’t just building buildings. We’re building cities,” said David Pitchford, chief executive officer of UrbanGrowth NSW, a government agency of the Australian state of New South Wales.
The numbers in the latest ULI Real Estate Consensus Forecast may show flat to lower growth in the coming years, but there is plenty of both risk and opportunity in the market, as panelists said during a 2016 ULI Fall Meeting session on the report. “Economic growth in the United States is still happening,” said Jeanette Rice, head of investment research in the Americas for CBRE.
Speaking at the 2016 ULI Fall Meeting, John McNellis, partner at McNellis Partners, a northern California–based developer, shared part of his perspective, as captured in his book, Making It in Real Estate. For those looking to get into the real estate business, McNellis advised trying to take a 20-year approach to your career.
For midsized U.S. cities to compete successfully in the 21st-century global marketplace, it is crucial for governments to think beyond the tired strategy of luring away employers from other locales. Instead, city officials need to focus on land use and placemaking as ways to attract talent, generate new business opportunities, and consolidate economic and community development to enhance their brands, according to speakers at ULI’s 2016 Fall Meeting in Dallas.