Gigabit service is the next-generation advance in web browsing and data handling. Its widespread deployment in the United States only began this decade, so its availability is still limited to less than 15 percent of the population, according to industry surveys and the latest statistics from the U.S. Department of Commerce. But access is surging, with hundreds of companies now providing fiber connections, and availability of the “gig” is emerging as a development tool for cities and a competitive advantage for real estate properties offering it.
At a ULI North Texas event in Dallas, panelists said that the renewed optimism among small business owners, strong consumer confidence, and a robust U.S. job market suggest that the next recession may be further away than predicted just a year ago. The Dallas-Fort Worth area is well-positioned for further gains, as 16 competed or under construction projects near DART stations are forecast to produce $2 billion in economic development.
Of all of the Institute’s many offerings, perhaps the one that best delivers an ideal combination of member value and mission advancement is our Advisory Services program.
As job growth in the professional services sector has increased substantially over the past several years, office real estate investment trusts (REITs) have benefited from strong leasing fundamentals. However, more office construction and oversupply concentrated in major metro areas such as New York City, Houston, and Washington, D.C., continue to concern those in the market. Plus, interest rate survey data from Trepp.
At ULI’s 2017 Spring Meeting in Seattle, attendees heard from voices from outside the land use industry, including Daniel James Brown, author of the New York Times best-selling book The Boys in the Boat: Nine Americans and Their Epic Quest for Gold at the 1936 Berlin Olympics. “This is a story that reminds us of who we are at our best,” said Brown.
The first 100 days of the new U.S. administration has been marked by uncertainty and ambiguity—and while foreign real estate investors are concerned, they still believe the United States is a good place to invest. But panelists speaking at the ULI Spring Meeting in Seattle said they are optimistic about reforms to FIRPTA and more investment in infrastructure.
A panel discussion at the 2017 ULI Spring Meeting in Seattle focused on the challenges facing industry executives interested in taking a leadership role in philanthropy while continuing to run a business.
Three of the primary participants in the creation of Amazon’s headquarters in downtown Seattle came together during the 2017 ULI Spring Meeting for a discussion of the long history.
Emerging technologies will bring major changes to the real estate industry, prompting questions that people will be pondering over the coming months and years. “We’ve got to restart our thinking about what we do,” said Paul Doherty, chief executive officer and president of Memphis-based the Digit Group, a leading provider of “smart city” solutions.
As part of ULI’s tradition of inviting a chief executive officer from outside the real estate industry at the ULI Spring Meeting, CEO Bradley Tilden of Alaska Airlines spoke with Bill Ferguson, chairman and CEO of Ferguson Partners.