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Bendix Anderson

Bendix Anderson has written about commercial real estate, sustainable development, and affordable housing for more than a dozen years. His work has appeared in National Real Estate Investor, Multifamily Executive, Affordable Housing Finance, City Limits magazine, and other publications.

Developers of middle-income projects can’t use subsidy programs such as federal low-income housing tax credits (LIHTCs) to finance their plans. Middle-income developments also often don’t earn enough in rent to support conventional construction loans or attract equity investors.
Real estate developers across the United States and around the world are under pressure to cut the amount of carbon their activities put into the atmosphere.
New Yorkers have gotten used to watching the sun set behind the piers and towers of Jersey City, the major metropolis of New Jersey’s so-called Gold Coast. But for many years, Jersey City’s glittering line of luxury apartments and office blocks stopped at the water’s edge. Tucked behind modern high-rises, the rest of the city was a patchwork of charming historic districts, aging apartment buildings, public housing, and contaminated, abandoned industrial sites.
Despite volatility and uncertainty, real estate investors are finding ways to make deals. A new consensus is forming around a “reset” in the economy and commercial real estate, according to the 2024 Emerging Trends in Real Estate forecast produced by PwC and ULI. “There’s this sentiment of guarded optimism,” says Bill Staffieri, partner with PwC. He presented the forecast to hundreds of real estate experts at the Real Estate Outlook 2024, hosted in late January in New York City by ULI New York.

Confidential format allows for frank conversations to help real estate leaders understand market trends.
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After the chaos and uncertainty of the last year, commercial real estate experts are finally getting a clearer idea of what the real value of real estate should be, according to attendees of the recent ULI McCoy Syposium. That starts with a growing consensus that interest rates are not likely to return to the rock-bottom lows that persisted for much of the last 15 years.
ULI MEMBER-ONLY CONTENT: According to the latest ULI Real Estate Economic Forecast, investors are expected to buy just $312 billion in commercial real estate in 2023. That’s a fraction of the volume of sales in 2021 and $100 billion less than expected in the spring forecast just six months ago.
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Rising interest rates have scrambled the plans of many real estate investors and finance leaders. No one knows how much more interest rates will rise, how much property prices will fall, or whether the U.S. economy will dive into a recession, experience a mild downturn, or even continue to grow. Industry leaders discussed this and more at the 29th ULI/McCoy Symposium on Real Estate Finance, a gathering of real estate leaders held in December.
Dealmakers and capital providers seemed thrilled with the overall state of the U.S. commercial real estate industry at the ULI/McCoy Symposium on Real Estate Finance, an invitation-only discussion held in early December 2021 in New York City.
Eight new hotels are now under construction in Chicago’s central business district, totaling about 1,500 new rooms, according to the latest list from STR Group. Developers are also planning to start construction on more than a dozen other new hotel projects, totaling an additional 3,700 new rooms.
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