In the coming years, it will be possible to access mountains of aggregated market data and do real-time valuations for industrial, retail, and office properties; and buildings will be traded online the way that stocks are traded now. That is the world envisioned by a panel of real estate information technology providers at ULI’s 2015 Fall Meeting in San Francisco, and they expect to see it happening in the next few years.
Developers who are trying to fill the ever-expanding demands of technology companies have learned a few things about their clients: They want a place to park their bikes; they like bringing their dogs to work; and, above all, they love rooftop decks.
What’s creative and different in modern master-planned communities (MPCs) was the focus of a ULI Fall Meeting panel that shared lessons learned from conception, launch, and execution of new MPCs. “We’re trying to create ‘the new real,’ ” said Susan Hebel Watts, vice president of real estate development for WestRock, which is building four MPCs outside of Charleston, South Carolina.
Disruption was a theme that played through much of ULI’s recent Fall Meeting. While the focus was often technology and innovation, a panel at the meeting tackled water issues, calling them “risky business” for the West.
As part of a discussion of ULI’s America in 2015 survey, panelists at a ULI Philadelphia event said that green space and community gardens are an increasingly attractive amenities with both baby boomers and millenials looking to move closer to the urban core.
It has been reported by the Wall Street Journal and others that Hyatt is in talks to buy hotel operator Starwood Hotels and Resorts Worldwide. While neither company is a real estate investment trust, the potential transaction is emblematic of what is happening in the sector, where hotel REITs that are trading below the value of their underlying assets are creating an opportunity for mergers, acquisitions, and buybacks. Plus, interest rate survey results from Trepp.
Despite healthy real estate market conditions, investors are pricing an anticipated market slowdown into REIT share values. This situation generally occurs late in the real estate cycle and is spurring REIT privatizations and share buybacks. Plus, interest rate survey results from Trepp.
In a 2015 ULI Fall Meeting session as fast-paced as the retail industry itself, moderator Julie Taylor posed questions to a panel comprising Krista Di Iaconi of EDENS, Julien Perl of Gap Inc., and architect Alex Shapleigh of Calison, whose clients include iconic retailer Nordstrom.
From craft breweries to artisanal food producers to bespoke jewelry crafters, modern small-scale manufacturing is breathing new life into long-abandoned warehouses and factories said panelists speaking at the ULI Fall Meeting in San Francisco.
The biggest challenge facing developers hoping to create high-density, livable communities is often the people in the existing neighborhood, said Peter Calthorpe, head of Calthorpe Associates, speaking at the ULI Fall Meeting.