In addition to Amazon’s purchase of Whole Foods, an enormous amount of movement has occurred in the grocery sector in the past year, as regional chains expand into new markets and European brands enter the United States.
California may be easing into a soft landing with signs of “ebbing optimism” among developers on the three-year outlook for the state’s commercial and multifamily real estate markets. The latest Allen Matkins/UCLA Anderson Forecast California Commercial Real Estate Survey indicates slower growth ahead in the office, retail, and industrial sectors, but developers are more positive about opportunities in Orange County, Los Angeles, and San Diego.
A year after the opening of the Panama Canal expansion, rents for industrial space around the Port of Los Angeles are at an all-time high and vacancy rates are hovering around 1 percent.
U.S. suburbs are changing in cities such as Denver, where new transit lines and placemaking efforts around walkable mixed-use neighborhoods are creating communities more similar to the urban core, said speakers at a ULI Colorado event.
As soon as 2030, the trend toward fewer and smaller cars will mean a reduced need for wide roads and parking, reshaping cities and how people interact. Experts explored the implications at a recent interdisciplinary parking symposium in Arlington, Texas, co-sponsored by ULI North Texas.
Millennials are thought to be the driving force behind this migration as companies continue to find top talent in larger, urban environments. But the suburban office market may be showing signs of renewed strength and growth potential.
At its core, New York City is one of the most walkable places on Earth. But a recent analysis showed the vast majority of the New York metro area is not very walkable—even compared with other U.S. cities, like Boston; Washington, D.C.; or even newer cities like Atlanta.
The increased emphasis being placed by cities—small as well as large—on embedding resilience into their land use and development policies was the topic of the 2017 Resilient Cities Summit cohosted in Stowe, Vermont, by ULI, the National League of Cities, and the U.S. Green Building Council. Attendees said resilient approaches to infrastructure and development provide long-term economic benefits for cities by safeguarding their real estate assets and tax base, supporting business continuity after adverse events, and protecting residents.
Ten years ago, San Antonio’s bond program dedicated a mere $10 million to downtown improvements. By 2012, that number had jumped to $90 million, and the most recent bond initiative, passed in May, earmarks $170 million for downtown projects.
With a handful of WELL-certified projects now in operation and hundreds in the certification pipeline, real estate owners and developers are starting to take a hard look at the business case for healthy building certification.