National rents have barely moved through the entire peak rental season and into September, according to data from Yardi Matrix, marking the longest period of stagnation in recent history—four consecutive months. Coming in at $1,354 for the month of September, the average rent is only 2.2 percent higher than this time last year.
After predicting an uptick in U.S. economic growth and interest rates six months ago, real estate economists have tempered their forecasts, moving closer to the predictions of one year ago, according to the results of the semiannual ULI Real Estate Economic Forecast, prepared by the ULI Center for Capital Markets and Real Estate. The survey was completed by 46 economists/analysts at 35 leading real estate organizations in September and early October.
Internationally acclaimed transportation entrepreneur Robin Chase, cofounder and former CEO of Zipcar, the largest car-sharing company in the world, has been named the 2017 recipient of the ULI J.C. Nichols Prize for Visionaries in Urban Development.
The urban waterfront is the site of countless challenges and opportunities, one that must accommodate housing, commerce, and recreation without extinguishing traditional industries and port facilities. The Asia Society and AECOM are collaborating on a series of “living conversations” titled “Imagine 2060” that are designed to address a range of issues that cities do and will face, and the inaugural series of events focuses on that complex question of urban waterfronts. Land use experts recently gathered in New York City to discuss these challenges facing the United States and the greater New York region.
East Los Angeles is shaping up to be one of the unlikely centers of southern California’s emerging bioscience industry. Bioscience has long had a presence in Los Angeles, given its collection of leading medical centers and universities.
According to a new report from CBRE, investment in the U.S. data center sector reached record levels in the first half of 2017. First half of 2017 investment totaled $18.2 billion, more than double that for all of 2016 (inclusive of all single asset, portfolio and entity-level/M&A transactions). At this pace, investment in the data center sector is on track to surpass the total for the three previous years combined.
When it opened more than 100 years ago, Lorton Reformatory in Virginia was anything but an ordinary prison. It was only fitting that when it came time to adapt and reuse the historic property after the prison closed, it also required creativity.
In these hard-hit communities, where so much will need to be rebuilt, you can help ULI demonstrate the value of reimagining and building for the future.
With so much about the built environment now under scrutiny, the Urban Land Institute’s work has never been more necessary or relevant.
The lack of affordable housing for the growing senior population in the United States is a looming crisis and deserves more attention and resources from both the private sector and government, according to a leading advocate for aging issues. But affordable senior housing can become a platform for integrating services for low-income seniors and be an economic driver in communities by more efficiently delivering health care and other long-term support.