With e-commerce players remaking the retail sector, industrial real estate developers are hustling to provide the infrastructure needed to get packages to doorsteps in hours instead of days.
Imagine arriving home after a long day at the office and calling room service to have a chef-prepared meal delivered to your door. For residents of Nashville’s new, innovatively designed Aertson Midtown building, that is not wishful thinking. They simply place an order with the signature restaurant of the Kimpton hotel that shares their apartment building.
Kansas City’s suburbs have fueled population growth in the metropolitan area over the last 70 years, a post–World War II pattern common across most large cities in the United States, and it does not appear that expansion is slowing anytime soon, even as parts of Kansas City’s urban core are also enjoying a resurgence, said panelists at a recent ULI event in Overland Park, Kansas.
Wall Street Journal columnist Peggy Noonan shared her take on Trump’s first year in office during a speech to the ULI global governing trustees, who were in Washington, D.C., for the Midwinter Trustees Meeting at the Institute’s global headquarters. As Noonan put it on the same day Congress voted to end a three-day government shutdown, triggered by an impasse over the federal budget: “However you feel about him, you have to say, ‘Whoa, this has been an interesting year.’”
Commercial property owners received hundreds of millions of dollars in Property Assessed Clean Energy (PACE) financing in 2017—more than twice the total amount of deals closed in 2016. It is now possible to arrange PACE financing in more than half the states in the United States. Also, as more property owners learn how to use this complicated financing tool, deals are becoming larger.
The Winter/Spring 2018 Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey reflects the favorable changes to the commercial real estate market caused by the recent federal tax overhaul. Survey participants predict that it will cause moderate though uneven growth.
Millions of people will be watching this year’s Super Bowl. But for the host city of Minneapolis, the event is also a chance to showcase its newest sports venue and the urban revitalization that has come with it.
Improved U.S. office market fundamentals should continue, downtown markets will receive a disproportionate amount of new supply, the tech sector likely will remain a primary demand driver, and occupiers will pursue space efficiency and agility this year, according to a CBRE report.
A ULI panel of real estate and land use professionals convened in Boston last fall has identified key priorities to guide future real estate development that could be catalyzed by a proposed underground rail line linking two major transit hubs—North Station and South Station—and unifying two currently separate commuter rail systems.
Lisette van Doorn, Chief Executive Officer of ULI Europe, shares some of the ongoing effort to enhance the benefits for our members and make ULI more relevant on a local level across Europe.