New Developments

  • In Brief: WeWork Goes Public as Co-Working Bounces Back

    October 22, 2021
    Coworking giant WeWork began trading on the New York Stock Exchange last week, going public via a merger with special acquisition company BowX Acquisition nearly two years after a pulled initial public offering.
  • ULI Forecast Sees Increased Inflation, Slower Growth in Coming Years

    October 22, 2021
    Real estate economists predict continued improvement in the U.S. economy and property markets over the next three years, according to the fall 2021 ULI Real Estate Economic Forecast. While the forecast is generally positive, contributing economists downgraded economic growth and predicted significantly higher inflation during the forecast period (2021–2023) compared with the spring forecast.
  • Development

    How Real Estate Can Build Back Better after the Pandemic

    A common phrase heard during the pandemic is that people can’t wait to get back to normal. “If there is anything that we know now, it is that normal just doesn’t work for far too many people,” said Julia Stasch, president of the John D. And Catherine T. MacArthur Foundation, moderator of a ULI Fall Meeting general session entitled “Build Back Better: The Mandate and the Opportunity,” featuring Brookings Institution vice president and director Amy Liu, and founder and chairman of PSP Partners and former U.S. Secretary of Commerce in the Obama Administration Penny Pritzker.

  • Sustainability

    How eTODs Could Help Solve Chicago’s Affordable Housing Shortage

    The success of Chicago’s push in recent years to support development near public transit had a problem, according to Charlton Hamer, senior vice president of local developer Habitat Affordable Group: The popularity of the new projects created inequity because many people could not afford to live in them.

  • Fall Meeting

    ULI Fall Meeting 2021 Tour: Chicago Titans

    This morning in Chicago’s South Loop, ULI members were treated to a tour of two historic and iconic buildings that have recently undergone major redevelopment and renovation: The Willis Tower and the Old Post Office.

  • Sustainability

    New Green Infrastructure Mitigates Stormwater Runoff

    As climate change causes more intense rainfall, it threatens to overwhelm many city sewer systems. In response, cities are turning to infrastructure that absorbs stormwater runoff at its source.

  • Development

    Destination Crenshaw: A Model for Community Engagement in Los Angeles

    Destination Crenshaw, a transformative 1.3-mile (2 km) infrastructure project scheduled to open in fall 2022, was the focus of a ULI Los Angeles virtual event in July, highlighting plans to boost the Crenshaw community through economic development, job creation, and environmental healing while elevating Black art and culture.

New Developments

  • In Brief: WeWork Goes Public as Co-Working Bounces Back

    October 22, 2021
    Coworking giant WeWork began trading on the New York Stock Exchange last week, going public via a merger with special acquisition company BowX Acquisition nearly two years after a pulled initial public offering.
  • ULI Forecast Sees Increased Inflation, Slower Growth in Coming Years

    October 22, 2021
    Real estate economists predict continued improvement in the U.S. economy and property markets over the next three years, according to the fall 2021 ULI Real Estate Economic Forecast. While the forecast is generally positive, contributing economists downgraded economic growth and predicted significantly higher inflation during the forecast period (2021–2023) compared with the spring forecast.
  • Capital Markets

    Demand for Commercial Real Estate Remains Strong Despite “Bumpy” Outlook for Economy

    The pandemic is a bit like jury duty: no one quite knows just how long it’s going to last. That analogy set the stage Tuesday morning for a panel discussion titled “Economic Outlook and What it Means for Real Estate”—with a keynote by Austan Goolsbee, professor of economics at the University of Chicago’s Booth School of Business, followed by a discussion with Constance Moore, former president and chief executive officer of BRE Properties and a ULI trustee and governor, and Roy March, chief executive officer of Eastdil Secured, also a ULI governor.

  • Fall Meeting

    ULI Fall Meeting Tour 2021: Coolest Neighborhoods in the World–Chicago’s Uptown

    Voted one of TimeOut magazine’s “Coolest 40 Neighborhoods in the World”, ULI Fall Meeting attendees toured this diverse community on the north side of Chicago. Uptown offers spectacular lake side views, a growing entertainment district, and a thriving food and cultural scene.

  • Inside ULI

    UL Interview: New ULI Asia Pacific Chair Khoo Teng Chye

    Khoo Teng Chye, the new chair of ULI Asia Pacific, began his three-year term in July, succeeding Nicholas Brooke, chairman of Professional Property Services in Hong Kong. An urban planner based in Singapore, Khoo teaches at the Faculty of Engineering and the School of Design and Environment at the National University of Singapore. Previously, he was executive director of Singapore’s Centre for Liveable Cities and chief executive officer of PUB, Singapore’s National Water Agency.

  • Development

    Stranded Assets: Realizing the Potential of Old Malls and Abandoned Office Parks

    Owners and developers are rethinking their assets and how they can serve the occupants, residents, and their surrounding communities. How can designers transform these properties into destinations that have environmental, social, and economic benefits?

Recent Articles

  • In Brief: WeWork Goes Public as Co-Working Bounces Back

    October 22, 2021

    Coworking giant WeWork began trading on the New York Stock Exchange last week, going public via a merger with special acquisition company BowX Acquisition nearly two years after a pulled initial public offering.

  • ULI Forecast Sees Increased Inflation, Slower Growth in Coming Years

    October 22, 2021

    Real estate economists predict continued improvement in the U.S. economy and property markets over the next three years, according to the fall 2021 ULI Real Estate Economic Forecast. While the forecast is generally positive, contributing economists downgraded economic growth and predicted significantly higher inflation during the forecast period (2021–2023) compared with the spring forecast.

  • Inside the ULI Foundation: Q&A with ULI Foundation Chair Faron A. Hill

    October 22, 2021

    Faron A. Hill, president of Peregrine Oak, an Atlanta-based advisory services and capital markets firm, was appointed ULI Foundation chair on July 1. In advance of the first in-person Fall Meeting in two years, Urban Land sat down with Hill for a wide-ranging conversation to learn more about his work at ULI, how he decided on a career in commercial real estate, and what his plans and priorities are over the next two years in his role as Foundation chair.

  • As Eviction Moratoria Fade, Landlord-Tenant Partnerships Key to Keeping Low-Income People Housed

    October 19, 2021

    Cities and states are lifting eviction moratoria they put in place in the early days of the COVID-19 pandemic. Is an uptick in evictions around the corner? Not if tenants, landlords, and government officials work together to address the challenges low-income renters face, according to panelists representing the three groups who spoke at a concurrent session at the 2021 ULI Fall Meeting.

  • Entrepreneurial Life Lessons from a Shark: Daymond John’s Five Fundamentals for Success in Business and Life

    October 14, 2021

    At the closing general session of ULI’s 2021 Fall Meeting, Daymond John—investor on ABC’s Shark Tank TV show, presidential ambassador for global entrepreneurship, bestselling author, and CEO of global fashion brand FUBU—summed up the lessons he has learned from life and business. After waiting tables at Red Lobster in the late 1980s, he began sewing wool hats popular with hip-hop fans and, by befriending stars such as LL Cool J, built a multimillion-dollar business.

  • Why Social Equity and Racial Justice Must Be Built Into Development Process

    October 14, 2021

    Real estate leaders have an important opportunity to translate their personal values and commitment to racial and social equity into their professional practice, according to panelists on the “Beyond the Building: Real Estate Strategies for the Social Equity Imperative” concurrent session at ULI’s Fall Meeting in Chicago.

  • ESG Is at the Center of Strategic Concerns for the Real Estate Industry, Top Execs Say

    October 14, 2021

    Environmental, social, and governance (ESG) matters are increasingly core concerns for the real estate industry, according to top industry executives speaking during the “ESG: The Strategic Perspective” session Wednesday at the Fall Meeting.

  • Affordable Housing Providers Look to Infill Modular and Rehabbing Older Properties

    October 14, 2021

    With more than a half a million people experiencing homelessness on any given night, the United States needs 6.8 million more affordable housing units, according to the National Low Income Housing Coalition. Speaking on the “Affordable Housing through Alternative Strategies” panel at the 2021 ULI Fall Meeting, Bryan Esenberg, managing deputy commissioner, Department of Housing, City of Chicago, said that there is a 120,000-affordable-unit gap just in Chicago and that at the current rate you likely cannot just build your way out of it.

  • Gateway versus Secondary Markets Battle Dependent on Strategy

    October 14, 2021

    Are secondary markets stealing the lunch—tenants and investor capital—of gateway cities? Not so fast. One key takeaway from the panel discussion “Markets Shift: Are the Lines Blurring between Traditional Gateway Markets and Secondary Cities?” is that the death of the gateway market has been highly exaggerated.

  • How Real Estate Can Build Back Better after the Pandemic

    October 14, 2021

    A common phrase heard during the pandemic is that people can’t wait to get back to normal. “If there is anything that we know now, it is that normal just doesn’t work for far too many people,” said Julia Stasch, president of the John D. And Catherine T. MacArthur Foundation, moderator of a ULI Fall Meeting general session entitled “Build Back Better: The Mandate and the Opportunity,” featuring Brookings Institution vice president and director Amy Liu, and founder and chairman of PSP Partners and former U.S. Secretary of Commerce in the Obama Administration Penny Pritzker.

  • Emerging Trends in Real Estate® 2022: Flexibility, Convenience Will Shape the Next Decade

    October 14, 2021

    Despite potential storm clouds ahead, survey results from the Emerging Trends in Real Estate® 2022 report show strong optimism about the coming year.

  • ULI’s Fall 2021 Real Estate Economic Forecast Reveals Near-Term Optimism for Real Estate

    October 13, 2021

    Despite a forecast for higher inflation and rising interest rates, experts continue to have a favorable view on returns and performance for commercial real estate. However, the high tide of the improving economy is not raising all boats to the same level. There remains a clear bifurcation across and within property sectors.

  • WLI View from the Top: Taking Professional Risks, Building Networks

    October 13, 2021

    Speaking at the 2021 ULI Fall Meeting, two mid-career professionals who participate in ULI’s Women’s Leadership Institute talked about building their networks, taking positions you aren’t completely ready for, and leadership.

  • Fulton East Employs Biophilic Office Design in One of Chicago’s Hippest Neighborhoods

    October 13, 2021

    In recent years, companies from Google to McDonald’s have flocked to Chicago’s Fulton Market neighborhood just west of downtown, attracted by its historic feel, acclaimed restaurants, and pool of talented young residents. Now it has a new draw—Fulton East, a 12-story building that champions biophilic design and cutting-edge strategies for promoting health and wellness in the wake of the pandemic.

  • Multiple Keys to Equity in Developing 20-Minute Communities

    October 13, 2021

    Successful development of 20-minute communities in Black and brown neighborhoods requires community involvement and ownership, according to panelists who explored the topic at ULI’s 2021 Fall Meeting.

  • Innovation in Commercial Real Estate Must Focus on Customer Experience Instead of Tech, Panelists Say

    October 13, 2021

    In a world where consumers have grown accustomed to streaming whatever movies they want on demand and having purchases delivered to their doorsteps the next day, commercial real estate needs to focus its efforts in innovation on providing better consumer experiences, panelists said at the “Innovative Trends in Commercial Real Estate” session at the 2021 ULI Fall Meeting in Chicago.

  • Training and Mentoring Are Needed to Improve Diversity in the Commercial Real Estate Sector

    October 13, 2021

    Education programs are an important part of enabling Blacks and other minorities to rise professionally in commercial real estate and improve underserved urban communities, panelists said Wednesday during the concurrent session titled “Developing Real Estate Talent within Diverse Populations” at the ULI Fall Meeting.

  • ULI Fall Meeting Tour 2021: Chicago’s Evolving Chinatown

    October 13, 2021

    Fall meeting attendees toured on foot this dynamic and exciting community in Chicago that is evolving differently than any other Chinatown in America. A neighborhood rich with historic and award-winning contemporary architecture, this proud community is fighting gentrification while retaining its cultural significance.

  • How eTODs Could Help Solve Chicago’s Affordable Housing Shortage

    October 12, 2021

    The success of Chicago’s push in recent years to support development near public transit had a problem, according to Charlton Hamer, senior vice president of local developer Habitat Affordable Group: The popularity of the new projects created inequity because many people could not afford to live in them.

  • Building a Beacon of Hope on Chicago’s South Side: The Obama Presidential Center

    October 12, 2021

    Slated to open in Jackson Park in 2025, the Obama Presidential Center will incorporate a museum, a forum building with collaborative and creative spaces, a large plaza, a new branch of the Chicago Public Library topped by a fruit and vegetable garden, a great lawn, a children’s play area, an athletic center, and winding landscaped paths, said representatives from the Obama Foundation at the 2021 Fall Meeting in Chicago.

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