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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.

Over time, Reston Town Center has evolved from a series of grand concepts drawn up by architects, to a few blocks of office buildings, to something very much like a successful urban neighborhood.
Nashville Yards, a project that is intended to weave together all the strands of the city’s development boom, will include a new concert venue, a much needed luxury hotel, and a bold new public green space.
Though real estate experts keep worrying about a possible recession, the U.S. economy continues to perform well, and the prospects for real estate investment are still strong, panelists said at a ULI New York event in Manhattan during January.
The clock is still ticking on real estate markets. “We are right at the end of a real estate cycle,” says Bowen H. “Buzz” McCoy, who joined the 25th annual ULI/McCoy Symposium on Real Estate Finance, held in December in New York City. Though the closed-door session is strictly confidential, some attendees shared their takeaways.
With strong consumer confidence, ongoing economic growth, and low unemployment, there are few signs of an imminent recession in recent U.S. economic data—but real estate experts speaking at a recent industry event in New York City said they want to be prepared. Speakers discussed their plans to manage shrinking investment yields and the risk of investing late in the real estate cycle.
Hundreds of millions of dollars are pouring into plans to help incubate and retain life-science startups in New York City, panelists said at a ULI New York event in May. Locating in Manhattan offers the benefit of a variety of possible partners, including universities, hospitals, and other technology firms, as well as the presence of investors and potential employees, they said.
Changes to design, construction, and zoning policies could increase the supply of affordable housing, said panelists at an event hosted by the Harvard Joint Center for Housing Studies, looking at solutions in three U.S. markets.
Commercial property owners received hundreds of millions of dollars in Property Assessed Clean Energy (PACE) financing in 2017—more than twice the total amount of deals closed in 2016. It is now possible to arrange PACE financing in more than half the states in the United States. Also, as more property owners learn how to use this complicated financing tool, deals are becoming larger.
Commercial real estate investors are keeping calm and carrying on, even though they are uncertain about what is coming next for fundamental elements affecting their business, such as the federal tax code and interest rate policy. “It makes it difficult to plan. . . . You don’t know what the federal budget is going to be. You don’t know what the Federal Reserve is going to be,” said Bowen H. “Buzz” McCoy, who participated in the 24th annual ULI/McCoy Symposium on Real Estate Finance, held in December in New York City.
At its core, New York City is one of the most walkable places on Earth. But a recent analysis showed the vast majority of the New York metro area is not very walkable—even compared with other U.S. cities, like Boston; Washington, D.C.; or even newer cities like Atlanta.
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