American cities seeking to reinvent themselves can do so by using creative financing, among other tools, according to a panel of experts at the 2016 ULI Spring Meeting in Philadelphia. The panel also served as the launch event for the new ULI publication Reaching for the Future: Creative Finance for Smaller Communities.Read More
For aspiring developers, panelists agreed that choosing a sector—whether it be residential, office, industrial, or something else—does not particularly matter, but that you have to start somewhere, start small, and specialize within whatever sector you do choose. “All happy real estate deals are alike—they start with a motivated seller,” said John E. McNellis of McNellis Partners LLC, who has 35 years of experience in shopping center development in northern California.Read More
Big data—the collecting of enormous sets of information and analyzing it for patterns and insights to aid decision making—is a hot trend in fields ranging from heath care to sports to real estate. “When you have more data, you have more opportunities to be wrong,” said Nate Silver, founder and editor-in-chief of FiveThirtyEight, speaking at the ULI Spring Meeting in Philadelphia.Read More
Preparations are already underway in Dallas for the 2016 ULI Fall Meeting, which the city will host October 24–27. A high-profile session will feature Roger Staubach, executive chairman of JLL Americas and former Dallas Cowboys star quarterback, who forged a highly successful career in real estate following his retirement from the National Football League in 1980.Read More
Developers of master-planned communities (MPCs) must innovate to remain relevant, said Kathleen B. Cecilian, a ULI governor and chief executive officer (CEO) of Flemington, New Jersey–based marketing firm Cecilian Worldwide, speaking at the 2016 ULI Spring Meeting. “There are innovators in each of your companies who should stimulate discussions about the future of MPCs,” she said.
Over the past half-century, west Philadelphia’s University City district—located across the Schuylkill River from Center City—has morphed from a blighted urban neighborhood into a thriving mixed-use hub for higher education, health care, and tech startups. In the process, it has become a template for other old industrial cities striving to remake themselves, said panelists speaking at the ULI Spring Meeting.
The ability of smaller communities to leverage their strengths and position themselves as attractive places to live, work, and invest is explored in a new ULI publication, Reaching for the Future: Creative Finance for Smaller Communities.
Concepts like cohousing and similar models of development are poorly understood oddities or pigeonholed as student housing.
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 troubled New Jersey city is tackling its crime and education problems—and luring development with hefty tax incentives.