Despite the record harsh winter of 2014–2015 that dumped 111 inches (281 cm) of snow on the city of Boston and the not-so-distant (2012) memory of the near-hit of Hurricane Sandy, instituting measures to safeguard against the effects of climate change and rising seas will not be an easy sell with the region’s utilities, property owners, government agencies, or general public.
At the recent REIT World Conference in Las Vegas, industry experts said they are looking forward to 2016, when REITs will be separated from financial services and elevated into a new Global Industry Classification Standard (GICS) sector. Self-storage and apartments are attractive due to favorable demographic trends. Plus, interest rate survey results from Trepp.
The focus of most panelists at ULI’s Latin America Conference, held in late October, was on the stronger markets, including Mexico, Colombia, Peru, and Chile. There also was optimism about a turnaround in Brazil and Argentina’s most recent election.
A compelling and unique book, Atlas of Cities goes beyond maps to provide insights into the dynamics of how cities shape contemporary social and economic activities.
Patricia R. “Trish” Healy, founding principal of Hyde Street Holdings in Raleigh, North Carolina, has been named Chairman of Americas for ULI. The ULI Americas Chairman is a new volunteer position that reflects the Institute’s efforts to more effectively serve and learn from members in very different markets as ULI continues to grow worldwide.
Health care has been one of the worst-performing sectors for real estate investment trusts this year, with a total year-to-date return of –17.60 percent. This performance has been surprising, since the sector has been a model for growth in prior years. So what has pulled the sector down during 2015? Plus, interest rate survey results from Trepp.
Lord Mayor Graham Quirk of the city of Brisbane in Queensland, Australia spoke recently at a ULI Young Leaders Group networking event at Brisbane City Hall, giving a broad outline of the Brisbane 2022 New World City Action Plan—the planning blueprint for the city in the next seven years.
According to the latest Emerging Trends in Real Estate report, published by ULI and PwC, Vancouver and Toronto claimed the top rankings for investment potential in Canada, placing at number one and two, respectively.
Net-zero-energy (NZE) buildings were the focus at a recent conference in California, a state that has mandated that all new commercial buildings must be net-zero energy by 2030, and 50 percent of the existing commercial structures must be retrofitted.
ULI and the National League of Cities have announced that mayors from four cities—Birmingham, Alabama; Denver; Long Beach, California; and Rochester, New York—have been selected as the 2016 class of Daniel Rose Fellows by the Rose Center for Public Leadership in Land Use.