At ULI’s 2016 Spring Meeting in Philadelphia, three developers explained how increasingly crowded downtown markets are driving denser waterfront projects at marginally built-out sites in inner-ring suburbs. As Jim Tinson, CEO of Hart Howerton, said, his company was honing innovative ways “to unlock the waterfront’s potential.”
Speaking at the 2016 ULI Spring Meeting in Philadelphia, panelists said that while valuations are quite high, the relatively low levels of leverage may mitigate some of the boom-to-bust tendencies of past building cycles.
ULI has selected Patrick J. Kiger as the recipient of the 2016 ULI Apgar Urban Land Award, which recognizes industry articles of practical value published in Urban Land magazine, the Institute’s flagship publication.
Vacancy in the U.S. office market inched up by 10 basis points (bps) during the first quarter of 2016 (Q1 2016), rising to 13.2 percent, according to the latest analysis from CBRE Group Inc. Even with the increase, the national office vacancy rate remains at the lowest level since 2008.
Six data center real estate investment trusts are posting outsized returns this year. The sector has a market cap of $45.6 billion and year-to-date returns have totaled 13.06 percent, including a 3.01 percent dividend yield. Growth in data use and cloud computing is the driving force behind the sector’s expansion. Plus, interest rate survey data from Trepp.
Real estate developers around the world are responding to increased consumer interest in cycling and walking as preferred modes of transportation by building projects adjacent to trails, bike paths, bike-sharing stations, and other infrastructure that supports human-powered mobility, according to
Active Transportation and Real Estate: The Next Frontier, a new ULI report.
National Football League team owners in January gave their blessing to plans to return the Rams to Los Angeles after a 20-year hiatus in St. Louis. The City of Champions Revitalization Initiative, as it’s being called, is replacing Inglewood’s dated Hollywood Park racetrack with a sports-oriented, mixed-use development expected to create an immediate financial boon for the area.
The latest issue is now available for download in the Urban Land app. The cover package for this issue is titled “Philadelphia: A History of Innovation.” Other cover topics include: “Tokyo: Rising Values and Redevelopment,” “Janette Sadik-Khan: How Pedestrians Won Times Square,” and ” The New Comcast Center: A Vertical Silicon Valley.”
In an excerpt from her new book, Janette Sadik-Khan describes overseeing dramatic changes to New York’s transportation system, including building miles of bike lanes, creating public plazas across the city—and closing part of Times Square to cars.
Nate Silver, founder of the FiveThirtyEight website, is scheduled to deliver the closing keynote address at ULI’s Spring Meeting, which is being held in Philadelphia this week.