The latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey shows that despite the recent uncertainty in the stock market, increasing cap rates, and slower economic growth, developers’ views on California commercial real estate markets have not changed much from six months ago. Following the trends of the past two years, industrial space remains hot despite the economy’s fluctuations, multifamily housing remains strong in most markets, office has reached its peak, and retail markets continue to struggle.
Attendees at the ULI Europe Conference heard from the teachers and students benefiting from ULI’s realistic and engaging program to bring the discourse of urban regeneration to the classroom.
A graduate student team from the University of Cincinnati, two teams from the University of Texas at Austin, and a team with students from the Massachusetts Institute of Technology and Harvard University have been selected as the four finalists for the 17th annual ULI Hines Student Competition, an ideas competition that challenges graduate students to devise a comprehensive design and development scheme for an actual site in an urban area. This year’s competition involves the redevelopment of a site in Cincinnati comprising portions of a highway, the central business district, and the central riverfront along the Ohio River.
Erie, Pennsylvania, is on the cusp of change and can be reimagined if the city embraces the land use, economic, and technological changes that are affecting growth there and in other cities in the Rust Belt, a new ULI report says. ULI’s recommendations follow a visit to Erie last year by a group of land use and urban development experts convened to advise the Erie Downtown Development Council on how best to revitalize the downtown core.
The Robert Wood Johnson Foundation has awarded the ULI Foundation a $2 million grant to support efforts to advance healthy real estate and community development practices. An additional grant of $50,000 also was awarded to support activities that further collaboration between ULI and its partners on health.
The ULI Greenprint Center for Building Performance, a worldwide alliance of leading real estate owners, investors, and financial institutions committed to reducing carbon emissions across the global property industry, has announced the addition of three new members: Kilroy Realty, the Howard Hughes Corporation, and Morgan Creek Ventures.
How is the sharing economy shaking up the real estate industry?
An area in Cincinnati comprising portions of a highway, the central business district, and the central riverfront along the Ohio River has been selected as the study site for the annual ULI Hines Student Competition. Though based on a hypothetical situation, the ideas competition provides both full- and part-time graduate-level students the opportunity to devise a comprehensive design and development program for an actual large-scale urban site.
ULI will hold its 2019 Spring Meeting April 16–18 at the Music City Center in Nashville. A major focus of the gathering will be the ongoing evolution of urban areas into thriving places that are drawing talented workers and businesses and are magnets for investment. The Nashville metropolitan area, which has experienced an extraordinary renaissance and significant growth over the past several years, is a prime example of this movement.
ULI Oklahoma, which serves ULI members in Oklahoma and northwest Arkansas, will be expanding its reach in Arkansas as a result of a generous grant to the ULI Foundation from the Walton Family Foundation.