In a panel discussion at ULI South Carolina’s Capital Markets Conference on Kiawah Island, participants heard from several key players in the site selection space—in both the public and private sectors. Panelists said that employers making the decisions about where to establish or relocate their businesses rarely fall in love at first sight, with timing and compromise both playing a role in the ultimate decision.
A discussion at the recent ULI Europe Real Estate Forum in Dublin focused on three projects where public and private sector organizations work together to tackle significant urban regeneration projects more effectively in the United Kingdom and Belgium. While the relationship between developers and city authorities can often be antagonistic, the panelists discussed how more collaborative approaches can yield better results for both parties as well as for surrounding communities.
Real estate economists continue to have a generally bullish outlook for the U.S. economy, capital markets, and real estate fundamentals. These results are based on the semiannual ULI Real Estate Economic Forecast, prepared by the ULI Center for Capital Markets and Real Estate. Overall, expectations have improved since the prior forecast in March 2018, and the strong second-quarter gross domestic product (GDP) growth rate of 4.2 percent was fresh in forecasters’ minds as they weighed in on future years.
According to research by Marcus & Millichap, the accelerating U.S. economy, supported by strong employment growth and rising confidence levels, bodes well for continued hotel property performance. Elevated consumer and business confidence levels will likely buoy room demand through the remainder of the year, keeping occupancy at a record high and supporting growth in revenue per available room.
For Boston sports fans, the site of The Hub on Causeway development is hallowed ground. The land was once occupied by Boston Garden—the home of two professional sports teams, the Bruins in hockey and Celtics in basketball—which was demolished in 1998. The new arena, TD Garden, was built on adjacent land, and for years the old Garden site was a parking lot, with few signs of its former glory. This fall, The Hub on Causeway, one of the most ambitious mixed-use developments in the Northeast, opens its first phase on the former Garden site.
Our thoughts and prayers go out to the people in the Carolinas, the Philippines, Hong Kong, and China, and to those who are responding with rescue and relief aid in the aftermath of Hurricane Florence and Typhoon Mangkhut
Some $360 billion of U.S. institutional real estate is in the top 20 percent of locations vulnerable to sea-level rise. Given significant portfolio allocations to gateway markets, institutional real estate portfolios have considerable exposure to climate change. This raises the question as to whether investors have factored in the challenge of rising sea levels alongside the perceived positives of gateway markets.
ULI has selected 26 professionals in real estate development, planning, design, engineering, finance, and health care from across the United States to participate in the second cohort of the ULI Health Leaders Network, a program designed to empower real estate and land use professionals with the skills, knowledge, and networks to improve health outcomes in their professional practice and communities.
A panel discussion at the ULI Europe Real Estate Forum 2018 in Dublin focused on a key question facing the development industry: how to future-proof urban redevelopment in an era of constant change by including open space and housing while embracing walkability.
A former Sears, Roebuck & Co. distribution center and retail location in the Crosstown neighborhood of Memphis with historic landmark status has evolved into a mixed-use project with retail, health and educational space, plus apartments.