Performance of Retail REITs Mixed As Consumer Preferences Shift

According to NAREIT, regional mall REITs posted total yearly returns of –5.2 percent last year. However, the broader retail REIT sector brought in a 0.95 percent total return for 2016, and 0.5 percent for 2017 year-to-date. Within the sector, freestanding retail REITs significantly outperformed mall REITs and shopping centers last year overall. Plus, interest rate survey data from Trepp.

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ULI Global Trustees Ponder Impact of Driverless Technology

The significant, lasting impact that driverless technology will have on land use and urban development was the topic of a thought-provoking discussion at ULI’s recent Midwinter Meeting, held at the Institute’s headquarters in Washington, D.C., and attended by the Institute’s global trustees.

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The MiCa apartment building in Chicago's Logan Square. Renters are paying a premium to be close to transit and amenities like rooftop outdoor space. (Ian Spula)

Embracing Flexibility, Sociability of Disruptive Technology Trends

At a recent ULI Chicago event, speakers addressed the disruptive technologies that are having an impact on today’s lifestyles and shaping our vision of the future city. What is a reasonable projection of the near future in real estate, and which investments will enable the industry to profit and cities to prosper? Panelists asked whether current trends are pointing us toward a leisure city, a green city, a dystopia, or something in between.

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(Mike Wilson/Unsplash)

Calculating the Cost of Excess Parking in Transit-Oriented Developments

A new study of TOD and parking, Empty Spaces, which was released by Smart Growth America in partnership with the University of Utah’s College of Architecture and Planning, found that even some of the top TOD projects in the United States had built too much parking, focusing on five case studies.

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Recent Articles

  • Focus on Energy Efficiency Shifting from Prescription to Performance

    February 13, 2017

    Energy and energy efficiency were recurring topics at a recent event hosted by ULI Los Angeles, as developers and planners wrestle with ways to improve the efficiency of buildings and communities. New technology and government mandates have helped push the issues to the forefront, but speakers emphasized repeatedly the need for a different way of thinking about short- and long-term goals.

  • In Brief: U.S. Industrial Markets Maintained Record Pace in 2016

    February 8, 2017

    Last month, Cushman & Wakefield reported that U.S. industrial markets absorbed 63.6 million square feet (5.9 million sq m) of space in the final quarter of 2016, which propelled net absorption for the year to a record-setting 282.9 million square feet (26.3 million sq m). According to the company, the U.S. industrial vacancy rate for all product types continued to decline in the fourth quarter, falling 30 basis points (bps) from the prior quarter and 100 bps from the prior year to 5.5 percent.

  • Modest Gains for REITs in January

    February 6, 2017

    According to the National Association of Real Estate Investment Trusts (NAREIT), the FTSE/NAREIT All REIT Index posted a return of 0.2 percent last month, compared to the Standard & Poor’s 500 index return of 1.9 percent. As for REIT property sectors, timber REITs posted a total return of 3.7 percent, while industrial REITs dropped by 6.5 percent. Plus, interest rate survey data from Trepp.

  • Preserving the Past while Building the Future in Philadelphia

    February 1, 2017

    In the six years since Philadelphia began to slowly reverse decades of population loss, the city has seen its share of real estate development controversies. Most of these—involving questions of gentrification, tax abatements, and density—would be familiar in any number of U.S. cities that have undergone a resurgence in the past few years. But lately, discussions about the preservation and demolition of the city’s thousands of historic properties have been particularly pitched.

  • ULI Case Study: Avalon—Alpharetta, Georgia

    January 30, 2017

    Avalon is a mixed-use town center that, in its first phase, includes retail, restaurant, multifamily rental housing, single-family for-sale housing, and office uses surrounding a main street and a central plaza. A second phase will add a hotel and conference center as well as additional retail, multifamily rental housing, and office space. The 2.3 million-square-foot (213,676 meters) project is located in an affluent northern suburb of Atlanta.

  • Netflix and Total Returns: Data Center REITs Benefit from Media Consumption

    Data center real estate investment trusts (REITs) have been the best-performing sector over the past two years, posting total returns of 28.36 percent in 2015 and 26.41 percent in 2016. Once considered a fringe sector, data centers have charged onto the center stage as internet use and data consumption have skyrocketed. But data centers are also proving to be one of the sectors most sensitive to interest rates: returns stumbled late in 2016 before making a recovery in December. Plus, interest rate survey data from Trepp.

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