A new definition of what constitutes a 100-year flood promises to alter how commercial and residential properties in Austin are built and protected, panelists said at a ULI Austin event in December. This effort arose from new data indicating that major storms in Texas dump more rain than had been previously estimated, with more than 2,000 buildings being added to the designated floodplain.
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.
Stakeholders who have worked to push for more affordable housing know firsthand that it can often be a contentious issue. But what if there was a way to avoid strategies that “backfire” and instead leverage more effective messaging to build public will and get people excited about providing high-quality housing for everyone? Advocates for more affordable housing described what methods are working for them, including the recent zoning changes in Minneapolis, at a recent ULI Minnesota event.
The clock is still ticking on real estate markets. “We are right at the end of a real estate cycle,” says Bowen H. “Buzz” McCoy, who joined the 25th annual ULI/McCoy Symposium on Real Estate Finance, held in December in New York City. Though the closed-door session is strictly confidential, some attendees shared their takeaways.
Speaking at the 2018 ULI China Mainland Winter Meeting in Shanghai, Steven Zhang, chief economist and head of research at Morgan Stanley Huaxin Securities, outlined an optimistic economic outlook for China and other emerging economies. However, he said the economic and political upheaval that characterized 2018 would continue next year.
As we close the books on 2018, we look back on the topics that resonated most with the online readers of Urban Land in the past year. Thank you to all of ULI’s members who contributed their expertise to many of these articles.
Panelists at a recent ULI event talked about the region’s labor market and how rehabbing the suburbs to include more mixed-use amenities can drive retail transformation and denser development patterns.
ULI has announced a new chairman and a new president for its Americas region, which serves the Institute’s members in the United States, Canada, and Mexico. Global Board member and ULI Treasurer John R. “Jack” Chandler, founder of Majesteka Investments Holdings and chief investment officer and board member for Reterro Inc., and former managing director and chairman of BlackRock’s global real estate business in New York City, has been named chairman of the Americas region, a volunteer role that includes service as chairman of the Americas Executive Committee. Multifamily industry leader Gwyneth Jones Cote, who most recently served as chief operating officer for Bell Partners, has joined ULI’s staff as the president of the Americas region.
A number of cities in the U.S. Northeast are supplanting outdated office product with new thanks to strong, diversified economies; vigorous job creation; and increasing formation of businesses. Further driving development in the Northeast—New York, Massachusetts, Pennsylvania, and New Jersey—is continuing demand from the education and medicine (“eds and meds”) and technology sectors, among others.
As part of a wide-ranging panel on adapting development to new technologies, held at the ULI Japan Fall Conference in Tokyo in November, industry leaders discussed using e-commerce data to drive development decisions, adapting Japan’s traditional banking sector for the future, and creating a more innovative startup culture.