While real estate investors have always paid attention to earthquakes, floods, and other natural disasters that create uncertainty for their portfolios, few speak explicitly about “resilience” as a characteristic they are looking for when underwriting properties, according to a panel of investment leaders at a ULI conference held in San Francisco last week.
Housing that truly accommodates the needs of multiple generations living under one roof and that promotes interaction among them is a niche far from being filled, W. Aaron Conley, president and managing principal of Third Act Solutions, said during a ULI Terwilliger Center on Housing webinar in June.
When making decisions about where to develop their next residential or commercial project, real estate developers should factor in the actual transit times it takes their customers to carry out the tasks of daily living, transit consultant Jarrett Walker said at a presentation to ULI members and staff at the Institute’s Washington, D.C., headquarters.
James Goodell, the founding chairman of ULI Los Angeles and president of Public Private Ventures (PPV), a real estate and planning firm, died Sunday morning at his home in Pasadena, California, after a long battle with stomach cancer. In addition to his wife, Nancy, he is survived by his children Josh and Melissa, and five grandchildren.
Public/private partnerships (P3s) are critical to fixing aging transportation infrastructure and building new mass transit options across the United States, said former U.S. Transportation Secretary Ray LaHood in remarks that concluded a ULI conference in Detroit.
Urban blight remains the single biggest challenge to large-scale revitalization efforts underway in the city of Detroit, said Dan Gilbert, founder and CEO of Rock Ventures and Quicken Loans, speaking at a ULI conference on public-private partnerships.
ULI Trustee Roy March and his family have a particular interest in helping communities rebuild after disasters. ULI programs may seem like a far cry from HIV-related health and education projects in Africa, but March sees them all on a continuum of organizations that make the world a better place and improve the human condition.
