IMG_2913_1024.gif

Brett Widness

Brett Widness is the managing editor of Urban Land. Previously, he worked in online editorial at the Washington Post, AARP, and AOL, now part of Yahoo!

Haven Realty Capital and institutional investors advised by J.P. Morgan Global Alternatives have formed a programmatic joint venture to acquire and develop more than $1 billion in new build-to-rent communities throughout the United States. The joint venture comes at a time when new for-sale housing starts have fallen to a two-year low.
The Fall 2022 issue of Urban Land is now available for ULI members. The cover topic is “Changing Locations: Transit-rich Destinations Embrace a Hybrid Future.”
Members Only
The Dodge Momentum Index, a monthly measure of the initial report for nonresidential building projects, improved 5.7 percent in September from the revised August reading. In September, the commercial component of the index rose 2.9 percent, while the institutional component also increased, seeing a double-digit gain of 11.7 percent.
Total commercial and multifamily mortgage borrowing and lending are expected to fall to $766 billion this year, down 14 percent from 2021 totals. This is according to an updated baseline forecast released today by the Mortgage Bankers Association.
The U.S. has been hit with 15 separate billion-dollar weather and climate disasters in the first nine months of 2022, according to scientists from NOAA’s National Centers for Environmental Information.
The $99.5 billion increase in commercial and multifamily mortgage debt outstanding in the second quarter was the second largest quarterly rise since the inception of MBA’s data series in 2007.
According to the 2022 Global Cryptocurrency Adoption Index, four of the top five countries for cryptocurrency adoption are emerging markets, with the United States listed in fifth place.
The latest Reading List from Urban Land, sponsored by RunwayProptech, is now available on ULI’s Knowledge Finder.
In early August, Urban Landasked readers how their organizations are adapting to the evolving landscape of COVID-19. 100 percent of the respondents said they were going into the office at least one day a week, with 37.5 percent saying they are back full time in the office.
Michael F. Kelly, a ULI Trustee, Foundation Governors, and a former president of ULI, passed away at the age of 91 in May. Kelly was chairman of Marquette Partners until his retirement.
Members Sign In
Don’t have an account yet? Sign up for a ULI guest account.