Archives
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11-23-22
How CRE Can Prepare to Meet New York City’s Local Law 97
Moody’s Analytics CRE analyzed the potential financial impact of New York City’s Climate Mobilization Act The resulting research paper draws on New York City data on the types of fines likely to be levied, as well as Moody’s own net operating income data from commercial mortgage–backed securities properties, to estimate fines for property owners who take no mitigating measures to reduce energy usage.
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11-23-22
Investing in Livable Communities: ULI Advises on the Future of Charlotte’s LYNX Silver Line
The Charlotte Area Transit System sought a ULI Advisory Services panel to advise on how plans for a Silver Line light rail in the next stage of transit development could help the city thrive and continue to grow sustainably.
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11-21-22
Governor Shares Vision for a More Livable Bangkok at ULI REImagine
Boosting livability is at the heart of Bangkok’s ambitions to thrive and develop as a global city, governor Chadchart Sittipunt said in a dynamic presentation to ULI Asia Pacific’s REImagine conference. The governor explained that livability was the Thai capital city’s target because it is key to attracting and keeping global talent.
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11-18-22
Europe’s real estate leaders have set out a long-term vision for the industry. In this scenario the most successful firms have adopted “responsible capitalism,” the user is the center of attention, the cycle of demolition and development has been broken, mixed-use is the norm and multi-disciplinary and in-house teams deliver “space as a service” across a range of sectors, according to Emerging Trends in Real Estate® Europe 2023, the 20th annual survey of European real estate sector leaders’ expectations by ULI and PwC.
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11-18-22
Developers See New Opportunities in Industrial and Logistics Across Southeast Asia
A confluence of economic and geopolitical trends is changing global supply chains and driving increased demand for industrial and logistics real estate in Southeast Asia, according to industry leaders at ULI Asia Pacific’s REImagine conference.
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11-18-22
Pent-Up Demand for ESG Investments Presents Opportunities, Challenges for Real Estate Industry
A new survey by PwC identified an exponential increase in the asset and wealth management industry’s desire for environmental, social, and governance–oriented (ESG) investments: in the United States alone, assets under management are projected to double from $4.5 trillion in 2021 to $10.5 trillion in 2026. At the same time, asset managers report being challenged to create enough new funds to keep up with the demand, giving an edge to real estate firms with strong sustainability programs.
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11-17-22
Haven Realty Capital, J.P. Morgan Launch $415 Million Joint Venture Focused on Build to Rent
Haven Realty Capital and institutional investors advised by J.P. Morgan Global Alternatives have formed a programmatic joint venture to acquire and develop more than $1 billion in new build-to-rent communities throughout the United States. The joint venture comes at a time when new for-sale housing starts have fallen to a two-year low.
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11-14-22
Leaders of the commercial real estate industry attending COP 27, the United Nations climate conference being held this year in Sharm El-Sheikh, Egypt, said a variety of challenges and opportunities lie ahead in the industry’s drive toward sustainability.
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11-14-22
Wegmans Grocer Anchors $715 Million City Ridge Mixed-Use Redevelopment in Washington, D.C.
City Ridge will include 160,000 square feet (14,800 sq m) of office space; retail and restaurant space; and 690 rental apartments, including 56 affordable units.
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11-14-22
Connie Moore Named ULI Life Trustee
Longtime ULI trustee Connie Moore has been named a ULI Life Trustee by the ULI Global Nominations Committee. Life Trustee nominees are recommended to the Global Board of Directors and approved by the Global Governing Trustees.