Improved connectivity leads to better cities and more profitable buildings, and data can play a crucial role in analyzing that connectivity and planning to maximize it, said a keynote speaker at the ULI Asia Pacific Leadership Convivium in Singapore.
When e-commerce first became entrenched in China, it seemed to sound the death knell for traditional retail. Sporting venues and other cultural attractions are helping bring foot traffic to the experiential retail of the future, said panelists at a ULI event in Shanghai.
Members of ULI’s Technology and Real Estate Council discuss the value of property technologies for real estate developers and investors—technologies that offer the most for building tenants, ways of sorting out the hype surrounding property technologies, promising technologies still in the process of being realized, and other related trends.
Members of ULI’s Asia Pacific Tech Council discuss the new council’s areas of focus, the interface between technology startups and the real estate industry, the challenges of incorporating rapidly evolving technologies, the promise of big data, and related trends.
Members of ULI Europe’s Technology and Real Estate Product Council discuss the new council’s areas of focus, approaches to evaluating and implementing new technologies, ways to improve understanding between technology startups and the real estate industry, promising current and future technologies, and related trends.
Singapore-based developer CapitaLand is harvesting data to boost the revenues of its retail tenants and to help it locate future malls. Speaking at the ULI Asia Pacific Convivium, Chris Chong, managing director at CapitaLand Retail, said that the company uses data to boost both footfall and spending for tenants in its malls, which will ultimately benefit the landlord.
In 2017, the New York–based Northwood Investors spent $1.2 billion to purchase Ballantyne Corporate Park, a highly successful office property in Charlotte—the single-largest real estate transaction in North Carolina’s history at the time.
The 125-year-old parks system in Kansas City, Missouri, is a source of much civic pride. But the system also played a role in creating divisions in the community. A century later, these effects still reverberate in the parks system as development trends, zoning policies, and financial challenges have perpetuated inequity, according to panelists speaking at a ULI Advisory Services presentation in Kansas City, Missouri.
Technology and innovation were hot topics at the 2019 ULI Fall Meeting in Washington, D.C. These are some of the insights that speakers and attendees shared.
Whereas the commercial sector increasingly is abandoning its old analog ways and shifting to property technology, or proptech, the buzzword for building-related applications, the real revolution will come when commercial real estate companies not only have amassed large amounts of data, but also have figured out how to combine information from different apps and turn that data into actionable intelligence, said panelists speaking at the 2019 ULI Fall Meeting.