The Peterson Companies’ new National Harbor complex development attracts 10 million people each year, but it is likely that few will notice all the measures Peterson has put in place for their protection, which are both well concealed and elaborate.
The housing affordability gap in San Diego is among the highest in California, with the average household shelling out 35 percent of their income for housing, and one-quarter of the population spending half of their income on rent. Recently, ULI San Diego/Tijuana brought together multifamily housing experts with local government and community leaders to discuss creative ways to increase the workforce-housing stock.
Cities and suburbs are natural places for designs inspired by natural systems, according The Permaculture City by Toby Hemenway, a guidebook to permaculture design in the concrete jungle. “Permaculture design is turning out to be beautifully suited to urban contexts,” says Hemenway.
Even Amsterdam’s fairly modern sewage system and the ubiquitous canals and rivers are not likely to withstand the kind of intense rainfall Europe has recently experienced. Expanding the existing infrastructure to process ever-larger amounts of water is also not viable. The ultimate solution lies in a variety of measures ranging from very small ones, such as individuals putting water tanks in gardens, to larger projects like installing permeable surfaces in public spaces.
Last month, Cushman & Wakefield reported that U.S. industrial markets absorbed 63.6 million square feet (5.9 million sq m) of space in the final quarter of 2016, which propelled net absorption for the year to a record-setting 282.9 million square feet (26.3 million sq m). According to the company, the U.S. industrial vacancy rate for all product types continued to decline in the fourth quarter, falling 30 basis points (bps) from the prior quarter and 100 bps from the prior year to 5.5 percent.
According to the National Association of Real Estate Investment Trusts (NAREIT), the FTSE/NAREIT All REIT Index posted a return of 0.2 percent last month, compared to the Standard & Poor’s 500 index return of 1.9 percent. As for REIT property sectors, timber REITs posted a total return of 3.7 percent, while industrial REITs dropped by 6.5 percent. Plus, interest rate survey data from Trepp.
Europe is a divided continent in many ways. While markets like Spain, Portugal, and Croatia are experiencing a surge in visitors, France, Belgium, and Turkey face a tourism crisis. Performance varies from country to country.
The latest issue of the magazine is now available for download through the Urban Land app. The cover package for this issue is titled “Safe and Welcoming: The challenge facing developers of public places.”
Los Angeles is now the top city in Marcus & Millichap’s National Multifamily Index, moving up 11 spots from a year earlier. The move was fueled by a forecast for further tightening in vacancy and minimal supply growth. Robust job growth pushed Seattle-Tacoma seven spots higher to place second on the list.
In the six years since Philadelphia began to slowly reverse decades of population loss, the city has seen its share of real estate development controversies. Most of these—involving questions of gentrification, tax abatements, and density—would be familiar in any number of U.S. cities that have undergone a resurgence in the past few years. But lately, discussions about the preservation and demolition of the city’s thousands of historic properties have been particularly pitched.