The second half of 2020 through to the following year was probably the busiest investment period in the two decades at Brookfield in the Asia Pacific region, according to the investment management firm managing partner and chief investment officer Lowell Baron. Baron spoke at a fireside chat session at the 2023 ULI Asia Pacific Summit opposite moderator Radha Dhir, JLL’s CEO and country head for India.
Participants in a recent ULI webinar highlighted a new research report, Bridging the Occupier Landlord Gap for the Future of Workspace, which analyzes how changing occupier behavior and broader macroeconomic trends are affecting the demand for office space.
When Urban Land last spoke to New York City landlord Leslie Himmel of Himmel + Meringoff Properties in March, vacancy within the nation’s largest office market was hovering just below 10 percent. While that still registers below the market’s peak of 11.7 percent in 2010, according to Moody’s, that rate has continued to drift upwards since March. Urban Land recently sat down with Himmel for a lively discussion about doing business in a recessionary market amid rising interest rates, and her ongoing search for what she calls “brave money.”
With a goal of helping lure people back to the office in light of the post-pandemic work environment, Los Angeles-based real estate investment firm Coretrust Capital Partners is showcasing new technology which creates a safe and inviting workplace in an historic building.
Mass timber has come a long way in the United States in the past eight years. Fulfilling mass timber’s green potential means responsible forest management and planning for what happens to the timber after the building’s end of life.
A combination of passive and active building systems, solar photovoltaics, and building envelope technology drastically reduces building energy use.
ULI MEMBER–ONLY CONTENT: Speaking at the 2021 ULI Fall Meeting, panelists discussed recent transactions in the office sector and which segments had performed the best.
The economic recovery in Washington, D.C., continued through the close of the third quarter of 2021. Office leasing activity is ongoing, though at a slower pace than years past, while asking rents are rising (up 2.1 percent from 2020 according to Newmark). The overall D.C. vacancy rate is just over 18 percent, according to CBRE.
This morning in Chicago’s South Loop, ULI members were treated to a tour of two historic and iconic buildings that have recently undergone major redevelopment and renovation: The Willis Tower and the Old Post Office.
At the 2021 ULI Fall Meeting in Chicago, attendees will have the chance to tour two new office towers and hear from their development teams about the measures taken to adapt to the new circumstances.