White House, New ULI Website Spotlight Building for Resilience Published on May 12, 2016 in Sustainability The White House Conference on Resilient Building Codes, held recently in Washington, D.C., is expected to raise awareness of the critical need for building codes to encourage urban development that is more resilient to the impacts of climate change. The event featured a discussion by Obama administration officials and public and private sector representatives of the key role of building codes in furthering community resilience.
Trail-Oriented Development: The Next Frontier in People-Friendly Design Published on April 25, 2016 in Infrastructure Real estate developers and cities are becoming more responsive to cyclists’ needs by creating an increasing number of amenities tailored to those who would rather bike than drive. A new ULI publication, Active Transportation and Real Estate: The Next Frontier, identifies this trend as “trail-oriented development,” the latest phase in the evolution of urban development from car-centric to people-friendly design.
ULI Forecast: CRE Volume Expected to Decline over the Next Three Years Published on April 11, 2016 in Capital Markets Commercial property transaction volume is expected to decline over the next three years to $475 billion in 2018, according to a new three-year economic forecast from ULI's Center for Capital Markets and Real Estate. However, this volume forecast over the next three years was surpassed only by volumes in 2007 and 2015, and follows six years of commercial property volume growth.
Former Charleston Mayor Joseph P. Riley Jr. Named ULI Distinguished Visiting Fellow Published on April 04, 2016 in Market Trends Joseph P. Riley Jr., who led the highly successful revitalization of Charleston, South Carolina, during his 40-year tenure as mayor, has agreed to serve as ULI’s first distinguished visiting fellow. As a distinguished visiting fellow, Riley will offer expertise for several of ULI’s areas of focus, including affordable and workforce housing, sustainable development, improving overall community livability, and public sector leadership in land use decision making.
Lord Richard Rogers Is the 2015 ULI Nichols Prize Recipient Published on December 14, 2015 in Planning & Design Lord Richard Rogers, an internationally renowned architect recognized for people-oriented building design and development, has been named the 2015 recipient of the ULI J.C. Nichols Prize for Visionaries in Urban Development, the Institute’s highest honor. Rogers, founder of Rogers Stirk Harbour + Partners in London, is being recognized for his career-long focus on creating sustainable communities that thrive by providing a high quality of life for all residents.
Three Innovative Ways to Preserve Workforce and Affordable Housing Published on December 14, 2015 in Industry Sectors The shrinking supply of workforce and affordable rental housing in cities across the United States has sparked innovative financing vehicles from an array of real estate firms to preserve the units, helping stem the loss of an urgently needed product, according to a report released by ULI and NeighborWorks America.
Patricia R. Healy Named ULI Chairman of Americas Published on November 16, 2015 in Market Trends 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.
Philadelphia to Host ULI’s 2016 Spring Meeting Published on November 04, 2015 in Market Trends ULI will hold its 2016 Spring Meeting April 19–21 at the Pennsylvania Convention Center in Philadelphia, open only to full members. A major focus for the 2016 gathering will be innovation, transformative place making, and the entrepreneurial culture taking root in cities across the United States. Philadelphia, which has not hosted a major ULI event in more than 20 years, is a prime example of this urban evolution.
Condoleezza Rice, Gov. Jerry Brown Speakers at ULI Fall Meeting Published on August 10, 2015 in Market Trends Former U.S. Secretary of State Condoleezza Rice, Airbnb chief executive officer and cofounder Brian Chesky, Wells Fargo chairman and president John Stumpf, and California Governor Jerry Brown headline the list of innovators and thought leaders scheduled to speak at ULI’s 2015 Fall Meeting, set for October 5–8 at the Moscone Center in San Francisco.
ULI Announces New Global Chairman Published on July 06, 2015 in Market Trends Randall K. Rowe, chairman of Green Courte Partners LLC, a Chicago-based private equity real estate investment firm, has been named the new global chairman of the Urban Land Institute (ULI). As chairman, Rowe will focus on three areas: strengthening the Institute’s capacity for knowledge sharing throughout all its member-to-member networks; ensuring that ULI’s core programs have a steady source of funding; and growing the organization globally.
ULI Survey: Investors Cautiously Optimistic on Mainland China Published on June 26, 2015 in Market Trends Investors are cautiously optimistic about investment and development prospects in the Chinese Mainland’s Tier 1 and leading Tier 2 cities, as well as those located in economically prosperous coastal regions, as demand for new housing and office space rises with the country’s burgeoning high-tech industry and the expansion of high-speed rail lines and subway infrastructure, according to Chinese Mainland Real Estate Markets 2015, released by the Urban Land Institute.
A. Alfred Taubman, 91, Has Passed Published on April 20, 2015 in Market Trends Longtime Urban Land Institute leader A. Alfred Taubman passed away following a heart attack. He was 91. Taubman, a real estate industry icon who pioneered the development of enclosed shopping malls, had been a ULI Foundation governor since 1985. He served as a trustee from 1980 through 1992, and was a member of the ULI Advisory Services committee from 1995 to 1996.
Property Investors Set to Benefit as Global Capital Flows East to West in 2015 Published on March 12, 2015 in Capital Markets The movement of capital from East to West is likely to remain the major influence on real estate markets in 2015, according to Global Emerging Trends in Real Estate® 2015, a summary report of all three Emerging Trends in Real Estate reports reflecting global real estate investor sentiment, published jointly by PwC and the Urban Land Institute.
Making the Healthy Choice the Easy Choice Published on March 09, 2015 in Sustainability Development strategies that can improve health outcomes—such as providing protected bikeways, minimizing noise pollution, and offering amenities such as community gardens—are highlighted in a new publication from the Urban Land Institute, the Building Healthy Places Toolkit: Strategies for Enhancing Health in the Built Environment.
ULI, MacArthur Foundation Launch Housing Portal Published on February 24, 2015 in Market Trends The Urban Land Institute, with the support of the John D. and Catherine T. MacArthur Foundation, has launched How Housing Matters, an interdisciplinary online portal focused on housing’s role in individual and neighborhood well-being.
Thinking Bigger about Micro Units Published on December 18, 2014 in Planning & Design New research from the Urban Land Institute suggests that micro units—typically larger than a one-car garage, but smaller than a double—have staying power as a housing type that appeals to urban dwellers in high-cost markets who are willing to trade space for improved affordability and proximity to downtown neighborhoods.
ULI to Offer Recommendations on Reuses for NRG Astrodome Published on December 12, 2014 in Development A group of nationally renowned land use and urban planning experts has been convened by the Urban Land Institute to make recommendations regarding the redevelopment and reuse of the NRG Astrodome to the Harris County Sports & Convention Corporation.
Urban Land Announces 40 Under 40 for 2014 Published on October 22, 2014 in Market Trends Urban Land magazine has announced the winners of its first-ever 40 Under 40 competition, which recognizes the best and brightest young land use professionals from around the globe as determined by a jury of leading ULI members.
ULI Nichols Prize Awarded to Dr. Judith Rodin Published on October 16, 2014 in Market Trends Dr. Judith Rodin, president of the Rockefeller Foundation, has been chosen as the 2014 recipient of the Urban Land Institute (ULI) J.C. Nichols Prize for Visionaries in Urban Development, the Institute’s highest honor.
Q+A with New ULI Foundation Chairman Geoffrey L. Stack Published on September 11, 2014 in Market Trends Geoffrey L. Stack became the new chairman of the ULI Foundation on July 1, after serving for more than five years as chairman of the ULI Foundation Annual Fund. Under his leadership in that position, contributions to the Annual Fund reached a record total of nearly $1.6 million in calendar year 2013, up 77 percent from 2009. He succeeds James J. Curtis III as ULI Foundation chairman. Stack recently discussed his goals for the Foundation with Urban Land.
Quality of Infrastructure Is Key to Real Estate Development Decisions Published on April 09, 2014 in Infrastructure The quality of infrastructure systems—including transportation, utilities, and telecommunications—is the most important factor influencing real estate investment and development decisions in cities around the world, according to a survey of public sector and private sector leaders conducted by the Urban Land Institute and EY.
Terwilliger’s Influence: Rhode Island Row in Washington, D.C. Published on November 21, 2013 in Development Rhode Island Row —a 2012 winner of a Terwilliger Center’s Jack Kemp Workforce Housing Models of Excellence Award—exemplifies Ron Terwilliger’s vision of mixed-income housing, which he considers the only viable solution to address the shortage of affordable housing near transit and employment hubs.
ULI Panel Returns to Sanya, China, a Surging Resort Area Published on October 07, 2013 in Development Sanya, China, has great potential to become a world-class city by leveraging the considerable economic strength of its resort area to better benefit the entire urban area, reinforcing it as a place focused on a high quality of life for residents as well as a high-quality experience for visitors, according to an international group of land use and urban development experts convened in August 2013 through ULI’s Advisory Services program.
Four Mayors Tapped for ULI Rose Fellowships Published on October 04, 2013 in News The mayors of Honolulu, Hawaii; Indianapolis, Indiana; Memphis, Tennessee; and Portland, Oregon, have been selected as the 2013–2014 fellows for the ULI Daniel Rose Center for Public Leadership. The mayor of each city will lead a team of three fellows and a coordinator who together will select a local land use challenge on which they will receive technical assistance from faculty experts assembled by ULI and their peers from the other three fellowship cities.
ULI CEO Tapped for Federal City Council Published on August 23, 2013 in Market Trends ULI's CEO Patrick L. Phillips has been selected as one of 15 new members of the Federal City Council, an organization that works to enhance the economic and social progress of Washington, D.C., as the nation’s capital. Other new council members include Ted Leonsis, founder and chief executive officer of Monumental Sports and Entertainment; Kurt Schmoke, vice president and general counsel at Howard University; and Todd Rich, D.C. office managing director for Tishman Speyer.
Linking the Built Environment to Better Health Published on August 19, 2013 in Sustainability The built environment is having a critical impact on the physical and emotional well-being of residents and workers, said Richard Jackson, professor and chair of environmental health sciences at the University of California at Los Angeles Fielding School of Public Health, speaking to a group of land use, urban design, and community development experts in Washington, D.C.
Reinventing Hilton Head for a New Generation Published on June 25, 2013 in Resorts/Second Homes The 21st-century challenge facing Hilton Head, a resort town steeped in 20th-century tradition: how to reach beyond the affluent retirees drawn to its famed golf resorts to a broader market that includes baby boomers and members of generations X and Y who enjoy its pristine beaches, but who have many other recreational and cultural interests as well.
Charles Fraser’s Legacy to ULI Published on June 25, 2013 in Resorts/Second Homes With an inclination for hiring the young and entrusting them with much responsibility, Charles Fraser employed many budding real estate professionals who eventually became accomplished leaders in both the industry and ULI, including four who became ULI chairmen.
New ULI Endowment to Explore Rental Housing Published on April 19, 2013 in Market Trends ULI has received a $300,000 gift from Carolyn and Preston Butcher to endow a series of annual forums dedicated to rental housing issues. Each forum, to be named the ULI/Carolyn and Preston Butcher Forum on Multifamily Housing, will explore aspects of the rental housing industry. The first of the annual events is planned for later this year.
ULI Full Members in the News (March/April) Published on April 19, 2013 in Market Trends ULI has received a $300,000 gift from Carolyn and Preston Butcher to endow a series of annual forums dedicated to rental housing issues. Each forum, to be named the ULI/Carolyn and Preston Butcher Forum on Multifamily Housing, will explore aspects of the rental housing industry. The first of the annual events is planned for later this year.
Which Cities Are the World’s Most Innovative? Published on March 01, 2013 in Market Trends The Wall Street Journal and Citi have announced that Medellín, Colombia, is the winner of the “City of the Year” competition, a global program developed in partnership with the Urban Land Institute to recognize the most innovative urban centers.
How to Make Suburbs Work Like Cities Published on February 07, 2013 in Infrastructure Successful strategies for creatively using and adapting infrastructure to support more dense development in America’s suburbs are highlighted in Shifting Suburbs: Reinventing Infrastructure for Compact Development, a new ULI report.
Amid Uncertainty, Real Estate Is Recovering Published on December 19, 2012 in Development San Francisco displaces Washington, D.C., as the top-ranked city in the Emerging Trends report issued by ULI and PwC. And 2013 is looking to be a better year throughout the country.
Richard Florida Named ULI Senior Visiting Fellow Published on June 01, 2012 in Market Trends Urban theorist Richard Florida, author of numerous books on 21st century urban evolution, including The Rise of the Creative Class, Who’s Your City, and The Great Reset, has been named a ULI senior visiting fellow
Infrastructure 2012 Highlights Innovation Published on May 09, 2012 in Infrastructure Constrained public budgets and a growing recognition at the local level of the importance of infrastructure— combined with lack of action at the federal level—are causing states, regions and cities across the U.S. to seek innovative infrastructure approaches and solutions. Infrastructure 2012: Spotlight on Leadership, released by the Urban Land Institute (ULI) and Ernst & Young LLP, looks at an overall decline in infrastructure funding globally, and it focuses on funding solutions underway in the U.S., citing six case studies.
Guiding Those Who Teach the Guide Dogs Published on May 03, 2012 in Planning & Design Members of the Young Leaders Group of ULI Orange County/Inland Empire put their skills to work helping those who help the disabled. They offered advice to Guide Dogs of the Desert, a Riverside County, California, nonprofit that pairs service dogs with people who are blind, with a plan for expanding its live-in training campus.
Snapshot: Top Five European Markets Published on March 01, 2012 in Capital Markets This year, Emerging Trends Europe predicts, investors will continue to eschew a strategic focus on whole countries, cities, or sectors in favor of asset-led, deal-by-deal approaches. "[N]owhere can be considered a ‘must buy’ today," the report says.
Translational Medicine Design Published on November 24, 2011 in Market Trends In medicine, caring and curing are different disciplines. The research and clinical branches of health care have grown in parallel directions with less and less overlap. But in the past decade, medical professionals have begun seeking to blend the two as translational medicine. Read how architects who specialize in either health care or education are grafting together separate medical building typologies.
Multifamily Financing for Single-Family Rentals: A Pressing Need Published on November 17, 2011 in Fall Meeting With mortgage foreclosures increasing and the number of renters on the rise, “it is critically important” that a financing tool be developed to help expedite private acquisition of foreclosed single-family properties so they can be placed back into the market as rentals, according to lending industry representatives speaking on a multifamily finance panel at ULI’s 2011 Fall Meeting.
What’s Ahead for Retail: New Mixes That Entice Consumers to Leave Home to Shop Published on November 07, 2011 in Fall Meeting According to retail experts speaking at ULI’s Fall Meeting in Los Angeles, the recession and prolonged economic stagnation are changing the retail landscape, resulting in creative new uses for empty space. Read more to learn how alternative uses such as medical buildings, libraries, and entertainment and education centers are being mixed in with shopping to get consumers to leave home to shop.
Milken: Invest in Human Capital Published on November 07, 2011 in Capital Markets To stay competitive in the global economy, the United States needs to focus on attracting and retaining a talented workforce by investing much more heavily in human capital, said Milken Foundation chairman Michael Milken during a keynote address at ULI’s 2011 Fall Meeting. Read what else he said about the importance of shifting national priorities—especially in light of other nations’ priorities.
A Return to Simplicity and the Implications for Real Estate Published on November 07, 2011 in Fall Meeting At a session that discussed changes in consumer behavior at ULI’s 2011 Fall Meeting and Urban Land Expo, it was noted that the prolonged economic downturn has caused many consumers to shift—either voluntarily or out of necessity—to a simpler lifestyle that places a premium on quality time with family and friends. Read more to learn about the implications of this trend for the real estate industry.
2001 Q&A with Daniel Patrick Moynihan Published on October 12, 2011 in Planning & Design Ten years ago, U.S. Senator Daniel Patrick Moynihan (1927–2003) was named laureate of the ULI J.C. Nichols Prize for Visionaries in Urban Development. In recognition of the anniversary of 9/11, Urban Land publishes this edited version of an interview with Moynihan from that year’s Fall Meeting in Boston. Read his message of hope, determination, and commitment to vibrant urban environments.
Marilee Utter to Lead ULI’s Global District Council Program Published on October 12, 2011 in Development Marilee Utter, a longtime ULI trustee, has been named executive vice president of the institute’s district council program, which serves members in the United States, Europe, and Asia. She will be responsible for the overall management, leadership, and delivery of the conceptual and programmatic functions offered by the district councils. Read about the strengths she brings to the job.
An Unconventional Thinker Published on July 07, 2011 in Market Trends Longtime ULI trustee and former ULI Foundation chairman Peter S. Rummell is the new chairman of the Urban Land Institute, serving a two-year term that began July 1. Read how he plans to encourage a strategic approach to outreach that includes a greater emphasis on relevance to the next generation of land use practitioners, and on showcasing innovative, game-changing work.
Renting: Living the American Dream Published on June 08, 2011 in Spring Meeting The U.S. residential rental sector is starting to experience a surge in demand from three consumer groups: people who lost their homes to foreclosure during the housing market collapse; would-be owners who soured on homeownership due to the collapse and are choosing to continue renting; and entry-level “generation Y” workers entering the housing market. Read what this means for landlords in 2011.
Lifestyle, Marketing, Healthcare and Workforce Implications of the Age Wave Published on May 24, 2011 in Spring Meeting Four demographic- and age-related factors are converging that will heavily influence the development of urban areas going forward. So says Dr. Ken Dychtwald, chief executive officer of Age Wave and a keynote speaker at ULI’s recent Real Estate Summit at the Spring Council Forum. Read what Dychtwald has to say about the age wave and anticipating the changes needs for boomers, Gen X, and Gen Y.
The Future of Real Estate in Light of Our Past Published on May 24, 2011 in Spring Meeting Moderated by ULI Chairman Jeremy Newsum, panelists at ULI’s Spring Council Forum concurred that the pendulum has now swung to a point in which real estate and land use is viewed far more as a long-term business, yielding long-term gains for those who are patient and have realistic expectations. Read what panelists feel about balancing the interests of investors and owners against those of tenants occupying buildings.
Q&A with Patricia Healy Published on May 13, 2011 in Market Trends Over the past decade, ULI’s district council program has experienced dramatic growth, greatly expanding the institute’s ability to positively influence land use decision making in local markets around the globe. Read about the impact of a new operating foundation intended to better position each district council for assisting in the long-term sustainability of its community.
Hines Winners Propose Redevelopment Plan for Seattle Neighborhood Published on May 13, 2011 in Planning & Design A team of students representing the University of Michigan has won the $50,000 top prize in the 2011 ULI Gerald D. Hines Student Urban Design Competition with a redevelopment plan for a Seattle neighborhood that emphasizes sustainability through neighborhood diversity, affordability, walkability, and environmental conservation. Read about this teams approach that resulted in their win of this prestigious prize.
ULI Names MGPA’s Simon Treacy Incoming Chairman of South Asia Published on May 13, 2011 in Development As the new chairman for ULI South Asia, Simon Treacy will guide ULI's program of work in the region, including various real estate trends conferences and topical forums, strengthening of ULI's brand, outreach to new partners, land use– and real estate–related research relevant to Asia, and ULI advisory services panels providing assistance to Asian markets. Read about the strengths he brings to this job.
First-Tier Suburbs Are Magnets for Urban Growth Published on May 13, 2011 in Planning & Design The appeal of close-in neighborhoods is rising due to their proximity to major employment centers and to transit options—unlike far-flung exurbs, many of which are experiencing a high volume of foreclosures resulting from the recession. Read about ULI CEO Patrick Phillips’s keynote presentation on the subject at the “Sustainable Suburbs: Re-Imagining the Inner Ring” event.
ULI Report Examines Principles/Solutions for Resilient Cities Published on May 13, 2011 in Market Trends The ULI report "Resilient Cities: Surviving in a New World" looks at the principles of resilient cities, as well as issues and solutions related to building resilience in European cities. According to the report, resilience should be a main goal because international institutions and the private sector are attracted to cities that are better prepared to handle uncertain times. Read the ten principles for resilient cities.
The Ability to Reinvent Is a Must, Not an Option, Says ULI Report Published on May 13, 2011 in Market Trends Positioning a city as progressive and innovative in the post-recession economy is requiring public officials to think and act like entrepreneurs in order to maximize the economic development potential of anchor institutions. Read about the recommendations offered in the new ULI publication "Building on Innovation: The Significance of Anchor Institutions in a New Era of City Building."
ULI Report Suggests that Chester Embrace Change Published on May 13, 2011 in An international panel of real estate and land use experts convened by ULI advised the city of Chester, England, on how best to revive its aging retail district and leverage those efforts to create further revitalization programs. The city is trying to be “too many things to too many people,” panel members said. Read what areas the panel suggested Chester should focus on.
Peter S. Rummell Chosen as Incoming Chairman of ULI Published on April 12, 2011 in Market Trends Peter S. Rummell, principal of the Rummell Company in Jacksonville, Florida, has been selected as the incoming chairman of ULI. Rummell, a longtime ULI trustee and former chairman of the ULI Foundation, will serve on a voluntary basis for a two-year term that begins this July 1 and ends June 30, 2013. Read about Rummell's background and his thoughts for the future and ULI.
Community Building and Affordable Workforce Housing in Post-Recession Economy Published on March 25, 2011 in Industry Sectors Affordable workforce housing will play a key role in the post-recession economy, said ULI chief executive officer Patrick Phillips at a workforce housing forum hosted earlier this month in Orlando by the ULI Terwilliger Center for Workforce Housing. Read what he and other industry leaders said about the demographic and population shifts that will drive the development of such housing going forward.
Workforce Housing, the Gen Yers and Changing Needs of Seniors Published on March 23, 2011 in Market Trends According to John McIlwain, ULI senior resident fellow for housing, at a recent forum hosted by the ULI Terwilliger Center for Workforce Housing, development of such housing in the post-recession economy will be influenced by two population groups at opposite ends of the age spectrum: Gen Y and senior citizens. Read what participants said about the obstacles that are poised to affect these two large demographic groups’ housing choices.
Financing—Easing Up? Published on March 15, 2011 in Development During a session on financing, panelists concurred that capital may be easing for development—specifically multifamily rental—that includes housing for moderate-income workers. Read what Manny Menendez, vice president of multifamily lender strategy and relationships for Fannie Mae, as well as other panelists, had to say at the recent ULI Terwilliger Center Workforce Housing Forum in Orlando.
ULI Terwilliger Center: Housing and the 112th Congress Published on March 11, 2011 in Market Trends The pressure to reduce the federal deficit through spending cuts, uncertainty regarding federal housing finance systems, and dire fiscal straits faced by state and local governments could result in higher housing costs overall for home owners and renters. Watch a video of J. Ronald Terwilliger and read what the experts predicted at a workforce housing forum recently hosted by the ULI Terwilliger Center for Workforce Housing.
Workforce Housing: “An Economic Necessity, Not a Social Issue” Published on March 09, 2011 in Industry Sectors The most effective way to garner support for workforce housing development in the still-shaky economic environment is to position this type of housing as an important component of community viability and long-term sustainability, according to housing experts assembled by the ULI Terwilliger Center for Workforce Housing. Read about an examination of the challenges and opportunities in financing and developing workforce house.
Top 10 States for LEED-certified Commercial and Institutional Green Buildings Published on March 02, 2011 in Sustainability The U.S. Green Building Council today released its 2010 list of top 10 states for LEED-certified commercial and institutional green buildings per capita, based on the U.S. 2010 Census information. The District of Columbia leads the nation, with 25 square feet of LEED-certified space per person in 2010, with Nevada being the leading state, with 10.92 square feet per person in 2010.
Get Ready for “Super Gridlock” Following Mid-Term Congressional Elections, Sabato Tells ULI Published on October 20, 2010 in Market Trends Election predictions: not just gridlock, but super gridlock, resulting from 1) what is likely to be a Republican-controlled House of Representatives; 2) a Senate with such a slim majority of either party that it is effectively controlled by neither, and 3) a Democrat president likely to be faced with vetoing legislation that attempts to undo existing Administration initiatives. Read the other predictions of Larry Sabato, director of the University of Virginia’s Center for Politics.
New Melting Pot and Sunbelt States Reflect Trends in Immigration, Domestic Migration That Will Change Urban Growth Published on October 19, 2010 in Market Trends Two of the major demographic groups reshaping how America is growing are immigrants, who are radically changing the ethnic composition of the United States, and baby boomers, who are delaying retirement and staying active as they age. The result: new “Melting Pot” and “Sunbelt” states that will reap the economic benefits. So says William H. Frey, senior fellow at the Brookings Institution. Read how the patterns of immigration and migration have changed since the last census.
Continued Federal Assistance Necessary to Jumpstart The Economy: D’andrea Tyson Tells ULI Members Published on October 19, 2010 in Market Trends D’Andrea Tyson, a member of President Obama’s Economic Recovery Advisory Board, discussed efforts to boost the recovery’s slow pace during ULI’s 2010 Fall Meeting in Washington. According to D’Andrea Tyson, given the severity of the recession and the resulting excess capacity in most businesses, slow job growth can be expected for some time. Read about the three areas she outlined as areas of focus for the board to move toward recovery and stability.
Hot New Trends in Hospitality: Moving from Summer to Sizzle Published on October 17, 2010 in Planning & Design As the hospitality industry starts to recover from the low point it reached over the past couple of years, some trends have emerged that show changes in consumer preferences -- particularly at the ultra-luxury level -- that will likely dominate the industry for years to come. Read about the trends in hospitality planning and design as laid out by experts from Solage Hotels & Resorts; The West Paces Hotel Group; and, Marriott International, Inc.
What Housing Crash? The American Dream is Alive and Well with Gen Y Published on October 14, 2010 in Market Trends At nearly 78 million, Gen Y, aged 15- to 32-years old, is now the largest generation in the U.S. Early findings from an upcoming survey being published by the Urban Land Institute suggest that the echo boomer generation, or Gen Y, holds a high view of the American Dream –- despite the housing market collapse -- with the majority of respondents expecting to own homes within five years.
The Global Market: End of the “Old Abnormal” Published on October 12, 2010 in Market Trends The real estate market faces an uncertain recovery, said ULI Chairman Jeremy Newsum in a recent video interview, because it follows the world economy, which itself remains fragile. Newsum added that he sees an end to the “old abnormal” behaviors which made real estate the puppet of finance. Find out which countries he sees as bright spots in the global economy, and how smart firms should be adapting themselves to changing market needs.
Finding Certainty in Uncertain Times: ULI Senior Resident Fellows Look Ahead Published on October 12, 2010 in Development In the midst of economic uncertainty, there are still some elements of certainty – such as demographic shifts, financial industry restructuring, global competitiveness, and sustainable building – that will guide real estate investment and reshape urban growth trends in the years ahead, according to a new report from ULI’s senior resident fellows. Read what they say is coming and how to capitalize on it.
Harvard Wins 2010 MIT Boston Open Published on June 01, 2010 in Planning & Design The Harvard Graduate School of Design won the 2010 MIT Boston Open, a real estate competition hosted by the Massachusetts Institute of Technology’s Center for Real Estate Alumni Association and held this year at the Prudential Center during the ULI Real Estate Summit at the Spring Council Forum in the city. The competition, a case-based competition open to all U.S. real estate graduate programs, sought redevelopment schemes for a historic and challenging site in Boston. Finalists were invited to the city to compete and pitch their highest and best-use argument to a live audience and judging panel.
Taking second place in the competition was the New York University Schack Institute of Real Estate, and the University of California at Berkeley Haas School of Business placed third. The teams were judged by industry practitioners Phil Bakalchuk of Water Street Investments, Jeff Cushman of Cushman & Wakefield, Kathleen MacNeil of Millennium Partners, and Eric Nelson of the Bulfinch Companies.
Team from Two North Carolina Universities Wins ULI Gerald D. Hines Student Urban Design Award Published on May 01, 2010 in Planning & Design A team of students representing North Carolina State University and the University of North Carolina at Chapel Hill (UNC) won the $50,000 top prize in the 2010 Urban Land Institute Gerald D. Hines Student Urban Design Competition with a redevelopment plan for a San Diego neighborhood that emphasizes neighborhood diversity, affordability to families of mixed incomes, and walkability.
Nearly 660 students making up 132 teams from 48 universities in the United States and Canada were among those in the 2010 competition who were challenged to create a design and development proposal for a 73.5-acre (29.7-ha) site in East Village in downtown San Diego. East Village, one of eight neighborhoods in the city’s downtown area, spans a total of 1,450 acres (587 ha) bounded by Interstate 5 and the San Diego Bay. The teams had to develop a transformative vision for East Village, incorporating the highest and best sustainable use, new economic development activities, and evidence of market support for their development activities—all fused with financial justification for their design decisions.
Campus Martius Park Wins First ULI Amanda Burden Urban Open Space Award Published on May 01, 2010 in Planning & Design In a city more often characterized by hardship than success, Campus Martius Park in Detroit has received national recognition as the first winner of the ULI Amanda Burden Urban Open Space Award, which recognizes an outstanding example of a public open space that has catalyzed the transformation of the surrounding community.
Inaugural Larson Leadership Summit Held at ULI’s Spring Council Forum Published on May 01, 2010 in Development The inaugural Robert C. Larson Leadership Summit was held as part of the ULI 2010 Real Estate Summit at the Spring Council Forum in Boston. In accordance with Larson’s vision of infusing leadership DNA in ULI members, the Leadership Summit was designed to bring together 50 full members to focus on how enhanced personal and organizational leadership skills can benefit their businesses, their communities, and the industry. The invitation-only event included a diverse group of public, nonprofit, and private sector executives who have demonstrated leadership capacity, and provided them with an opportunity to share experiences and best practices.
The session, hosted by longtime ULI member John Griffin and held at the offices of his firm Edwards Angell Palmer & Dodge, was opened by ULI Chairman Jeremy Newsum, who welcomed those attending, outlined the program for the morning, and introduced Eric Larson, Bob’s son and president/CEO of the Larson Realty Group. Eric spoke passionately about Bob’s desire to “create a leadership legacy in the responsible use of land” at ULI and announced the kickoff of the Larson Leadership Initiative Fund to provide resources for the ULI Robert C. Larson Leadership Initiative.
Consensus at ULI’s Real Estate Summit at the Spring Council Forum: Industry Poised for Gradual Recovery Published on May 01, 2010 in Development The prevailing mood at ULI’s recent Real Estate Summit at the Spring Council Forum in Boston ranged from cautiously optimistic to outright optimistic. The overriding message was that despite some persistently weak spots, the economy in general and the real estate industry in particular have weathered the worst of the recession and are poised for a gradual recovery.
The event, open for the first time to all ULI members, drew more than 3,100 people and featured keynote presentations by Gus Faucher, economist with Moody’s Economy.com; Sam Zell, chairman of Equity Group Investments; and Peter Linneman, professor of real estate, finance, and public policy at the University of Pennsylvania.