That anguished cry you heard from the capital markets during the week was the result of the California Public Employees’ Retirement System (CalPERS) announcing that it would no longer invest in hedge funds, saying they were too time-consuming and too complex, and had produced unsatisfactory rates of return. Could real estate be next?Read More
Any day now, New York City will open a grand public space at the middle of a web of subway lines in Manhattan, a few blocks away from both the World Trade Center and Wall Street.Read More
A new ULI report explores factors that hamper retail development in some lower-income communities and offers solutions to overcome the dearth of shopping options for neighborhood residents.Read More
As walkable urban places have become more commonplace across the national real estate landscape, the subject of affordability within these communities has become a greater concern.Read More
Coastal cities and regions should view private development of waterfront areas as a tool to combat the effects of climate change while also creating jobs, providing much-needed housing, and spurring economic growth, said the chief executive officer of the Bay Area Council, a business advocacy group in the San Francisco Bay area.
The Trepp survey for the week ending September 12 showed average spreads coming in about 5 basis points. The implied rate for ten-year, modestly leveraged commercial real estate mortgages was 4.0 percent, 64 basis points lower than year-end 2013. It remains a great time to be a borrower.
For the first and second U.S. cities to start building networks of modern protected bike lanes, the payoff seems to have arrived. In both Washington, D.C., and New York City, the rate of bike commuting has doubled since 2009, according to U.S. Census Bureau figures released Thursday.
The Trepp survey for the week ending September 5, 2014, again showed average spreads literally unchanged as the markets got back after the three-day holiday weekend, rested and ready to take on the world’s challenges. If you are planning financing and/or refinancing this year, now is the time to put the pedal to the floor.
For the last three years, photographer Benjamin Rosamond has been watching the construction of the 1,776-foot skyscraper at 1 World Trade Center from his living room in Brooklyn. From 30,000 images, Rosamond created this two-minute time lapse video.
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.