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.
The gleaming white terminal on the cover suggests a book much like many others, outlining a future (and present) of grand planning for the prosperity brought and dispatched via the wonders of air traffic. But this is not that book: it is a fascinating examination of the many elements that such forecasts leave out or overlook.
The following ten waterfront open-space projects—all completed over the past five years—reconnect people to the water and emphasize resilience.
The latest issue is now available for download in the Urban Land app. The cover package for this issue is titled “Water: Recreation, Refreshment, Resilience.” Other topics include the following: “ShanghaiTech: A ‘Silicon Valley’ for China,” “Resilience: Taming Golf’s Thirst,” and “Peter Calthorpe: China’s Urban Design Revolution.”
The finalists for this year’s ULI Robert C. Larson Housing Policy Leadership Awards include Arlington County, Virginia, the City of Chicago, Illinois, New York City, and the State of Iowa.
Real estate fundamentals and real estate investment trust performance benefited from positive economic news during May. Retail sales experienced their biggest increase in a year with a 1.3 percent jump during April, according to the U.S. Department of Commerce, and the pace of both new-home sales and home resales accelerated during April. The positive news was tempered by a worse-than-expected April jobs report as the brisk hiring of the first quarter slowed.
Minneapolis was rated the big American city with the best park system for the third straight year, according to the Trust for Public Land’s fifth annual ParkScore® index. Minneapolis edged out St. Paul for the top spot among the 100 largest U.S. cities. The Twin Cities tied for first last year.
The noted California architect and planner discusses China’s new “urban design revolution.” In an interview, Calthorpe spoke to ULI about how the new standards address this explosive growth and the involvement of his Berkeley, California–based design firm, Calthorpe Associates, in promoting sustainable development in China.
While experts, speaking at the at the recent ULI Housing Opportunity 2016 conference in Boston, agree that a mixed-income environment is still the best platform to lift people out of poverty, they also said that new approaches and partnerships are needed to deliver on mixed income’s promise of economic mobility and racial and social integration.
When the Shanghai government established Zhangjiang Hi-Tech Park, the vision was to develop China’s own “Silicon Valley,” but it has long been missing an essential element: advanced academic institutions. ShanghaiTech’s campus is intended to fill that void.