For the second time in the past four months, the Federal Reserve has upped the benchmark interest rate by a quarter point to a target range of 0.75–1.0 percent. While news of the rate hike caused government bond yields to drop, REITs rallied by over 2 percent following the announcement. Plus, interest rate survey data from Trepp.
A $15 million redevelopment of Levy Park in Houston’s Upper Kirby District neighborhood southwest of downtown creates green space and placemaking for the growing city of Houston.
The Brightline, set to begin service this July, has prompted a unique opportunity within southeast Florida for transit-oriented development projects, as the privately funded rail service will connect Miami, Fort Lauderdale, and West Palm Beach.
San Jose, California, and Seattle-Tacoma, Washington, hold the top two spots in Marcus & Millichap’s latest National Office Property Index (NOPI). Both markets boast vacancy rates below the national average and significant completions forecast for 2017.
Two of the current ULI Rose Center fellows, Mayor Muriel Bowser of Washington, D.C., and Mayor Sam Liccardo of San Jose, California, gave brief interviews on what their cities are doing for the tech sector. housing affordability, and infrastucture. Liccardo said, “We are starting to recognize that the suburban tilt-up campus of a generation ago are not what young creative people want to work in today and we need to think more and more about how we’d retrofit a city that was really largely built for cars into a city that’s built for people.”
Something in Japan needs to change under its current outlook, writes Clyde Prestowitz, a longtime Asia expert and Asian trade negotiator for the Reagan and Clinton administrations, in Japan Restored: How Japan Can Reinvent Itself and Why This Is Important for America and the World. And other developed countries may soon face the same fate.
Les Docks Village is a ground-floor rehabilitation of the Docks, a historic and emblematic structure built in 1857 on the Marseille harbor and purchased by J.P. Morgan in 2007.
Overall real estate investment trust acquisitions dwindled throughout 2016 while dispositions surged. Acquisitions for equity REITs were down 35 percent year over year, totaling $63.6 billion in 2016. The fourth-quarter volume was the lowest quarterly total since the second quarter of 2010, at just $7.9 billion. Plus, interest rate survey data from Trepp.
How can land use foster the innovation economy? By partnering with anchor institutions and embracing the idea of a “minimum viable product,” where a stripped-down version is offered to early adopters and then modified based on the usage and other feedback, said development experts at a ULI Philadelphia event in February.
While U.S. policies on energy may shift in the coming years, panelists speaking at an event in New York City in February said that no backtracking is in sight regarding the integration of sustainability into the best practices of the real estate industry.