In a number of sessions at the ULI Europe Conference in Berlin, investment and development leaders shared their thoughts on the tech issues that they think hold the most promise to disrupt the industry—and the ones that keep them up at night.
Speaking at a ULI event in February, Toronto’s chief resilience officer said the two issues he is most keen to address in his role are the renewal of the 1,189 apartment towers in Toronto that were built before 1985 and safeguarding the city against a catastrophic flood.
The top two markets for the multifamily sector from last year trade places for 2018, according to Marcus & Millichap’s 2018 Multifamily North American Investment Forecast. Driven by robust employment in the tech sector and soaring home prices that keep rental demand ahead of elevated deliveries, Seattle-Tacoma ranks first on the chart. The metro area outperforms last year’s leader, Los Angeles, which slid one spot
Rising above Tulane Avenue on the edge of downtown New Orleans, the historic Charity Hospital building has stood dormant for a dozen years since it was flooded.
In February, ULI South Florida/Caribbean gathered a panel of researchers, real estate developers, and economic development agencies at the new Arts & Entertainment District—the latest neighborhood to emerge as a cultural destination for city residents.
Whether the current economic cycle has peaked was a constant question at the 2018 ULI Europe Conference in Berlin. In the discussions at the event in late January, real estate and investment experts were feeling bullish on Asia, generally enthusiastic about continental Europe, while cautious about Brexit.
At the ULI Europe 2018 Conference in Berlin, a number of discussions on the future of the retail business looked at the changing shopping center ecosystems and what developers could be doing better.
Relatively low-cost housing combined with cultural amenities such as arts institutions and regional parks in and around Cuyahoga County, Ohio, as well as broader affordability and livability compared with other cities, are helping spark a wave of millennial migration to northeast Ohio. In addition, two aging malls in the region are being recast as distribution centers for Amazon, said speakers at a ULI Cleveland event in February.
After years of planning, the first phase of one of Washington, D.C.’s most ambitious projects, the Wharf, opened in October. The Wharf is but one of the ambitious real estate developments planned, under construction, or recently completed along waterfronts in America’s Mid-Atlantic region, including D.C., Virginia, Maryland, and Pennsylvania.
The North American tower crane tally is holding relatively steady as of the first half of 2018, according to Rider Levett Bucknall’s Crane Index. A total of 383 cranes were counted in January of 2018, up two from July 2017, a 0.5 percent increase.