The population of urban neighborhoods in many metropolitan areas is growing as quickly or nearly as quickly as that of suburban neighborhoods, reflecting ongoing consumer demand—particularly among younger households—for walkable living environments that are convenient to jobs, transit, and urban amenities, according to new research published by ULI.
Retail developers who gathered at the 2018 ULI Florida Summit talked about what is working and what isn’t, as they shift their focus to more entertainment and dining amenities combined with mixed use from the traditional strip centers of the recent past.
From macro-economic forces to social, environmental, technological, and political disruption, property and the wider built environment are facing change on a scale not seen for decades, said panelists speaking at the 2018 ULI U.K. National Conference in London, including increased migration, ongoing low interest rates, and increased political discord.
We are late in the current cycle, and real estate investors are focusing on the potential risks as much as, if not more than, the rewards on offer, according to investors and investment managers discussing global capital markets at the 2018 ULI Asia Pacific Summit in Hong Kong.
With property in high demand in Berlin—it had the largest year-over-year real estate price increase of any city in the world last year—it makes more sense than ever to look up for new opportunities. A number of developers have found success (or are hoping for a top return) from add-on projects atop existing structures in Germany’s capital.
At a ULI Triangle event in April, representatives of Raleigh-based North Carolina’s Capitol Broadcasting Company shared the firm’s plans to redevelop a historic cotton mill, ultimately shifting the fortunes of the town of Rocky Mount.
One of ULI’s longest serving Life Trustees and renowned industry expert Stan Ross, Chairman Emeritus of the University of Southern California’s Lusk Center for Real Estate and Distinguished Fellow of the university’s School of Policy, Planning & Development, passed away June 10. He was 82.
Growing cities such as Hong Kong are at the epicenter of what Richard Florida has dubbed “the new urban crisis,” with the city’s success sending house prices soaring out of reach of the average resident. The author and urbanist, who is director of cities at the Martin Prosperity Institute at the University of Toronto, spoke at the 2018 ULI Asia Pacific Summit in Hong Kong.
The Dodge Momentum Index eked out a small gain in May, moving 1.8 percent higher to 167.8 (2,000=100) from the revised April reading of 164.9. May’s gain was the result of a 4.7 percent increase by the commercial component of the Momentum Index, while the institutional component fell 2.4 percent.
Disruptive technology—and the need to embrace it—will continue to influence office and retail tenants, as well as developers, panelists said at the ULI U.K. Annual Conference, held in early June in London.