“Reinventing retail is a daily exercise for all of us in merchandising and everything else,” said Michael Townsend, president and CEO of Townsend & Associates, a retail and commercial developer, while speaking at the “Looking Forward: Reinventing Retail” panel at ULI’s Fall Meeting. Read more to learn why he and other industry experts predict casualties as well as opportunities in the years ahead.
Transportation experts gathered at the Urban Land Institute’s 2011 Fall Meeting in Los Angeles late last month looked into the country’s transportation future and predicted continued uncertainty at the federal level, along with a need for increased innovation at the state level, and increased private sector involvement in transportation infrastructure provision at the local level.
How can anyone justify sustainable building retrofits in today’s market? Dana Robbins Schneider, vice president, Jones Lang LaSalle, discusses her involvement in the Empire State Building’s green retrofit and how it can serve as a model for building owners who want to achieve deep energy savings while earning a payback in five years or less.
The real estate market in Mexico is on the verge of transformation. Juan Diego Perez-Vargas, principal, Kaplan McLaughlin Diaz, talks to Urban Land magazine about a new era of the pension fund system that is moving into Mexican real estate.
Now is the time to invest in health care properties, according to speakers at ULI’s 2011 Fall Meeting in Los Angeles late last month. Growing demand, coupled with regulatory and technological change, will not only dramatically increase the number of market users over the next 20 years, but also alter the way that health care facilities look and function in the future.
According to retail experts speaking at ULI’s Fall Meeting in Los Angeles, the recession and prolonged economic stagnation are changing the retail landscape, resulting in creative new uses for empty space. Read more to learn how alternative uses such as medical buildings, libraries, and entertainment and education centers are being mixed in with shopping to get consumers to leave home to shop.
At a session that discussed changes in consumer behavior at ULI’s 2011 Fall Meeting and Urban Land Expo, it was noted that the prolonged economic downturn has caused many consumers to shift—either voluntarily or out of necessity—to a simpler lifestyle that places a premium on quality time with family and friends. Read more to learn about the implications of this trend for the real estate industry.
To stay competitive in the global economy, the United States needs to focus on attracting and retaining a talented workforce by investing much more heavily in human capital, said Milken Foundation chairman Michael Milken during a keynote address at ULI’s 2011 Fall Meeting. Read what else he said about the importance of shifting national priorities—especially in light of other nations’ priorities.
During his address at the closing session of the ULI 2011 Fall Meeting in Los Angeles, the Honorable Robert M. Gates, former U.S. Secretary of Defense, said that the strength of the U.S. real estate market depends on a strong economy, which in turn depends on the nation’s security. Read more to learn what he said about the factors that may lead to a permanent shift in international geopolitics.
At ULI’s 2011 Fall Meeting in Los Angeles last month, the J.C. Nichols Prize for Visionaries in Urban Development—an opportunity for the Institute to recognize a distinguished professional whose work is transforming the built environment—was awarded to His Highness the Aga Khan for the breadth of his organization’s development and restoration efforts throughout the developing world.