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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!

As reported by the Wall Street Journal, solar-power company Altus Power and commercial real-estate developer Trammell Crow have reached a $600 million deal to install solar panels on U.S. industrial properties. The deal will create 300 megawatts of capacity and is Altus’ largest to date.
Applications for U.S. apartments from renters of all generations increased by an average of 10 percent year over year from 2.9 million applications in 2020 to 3.2 million in 2021, according to Yardi’s RentCafe. The increase in activity was mainly driven by the youngest renter group, the oldest of whom are 25 years old.
ULI MEMBER–ONLY CONTENT: With a growing risk of recession in the next 18 months, U.S. commercial real estate faces uncertainty but remains attractive to investors seeking yield and stability, two experts said during a recent ULI webinar.
Amazon has announced plans to provide more than $124.4 million to build 1,060 affordable homes near four public transit sites while working in partnership with the Washington Metropolitan Area Transit Authority and Sound Transit to complete the developments. This is part of Amazon’s $300 million transit commitment from 2021 to create 3,000 new affordable homes in collaboration with the transit agencies in each region.
At the 2022 ULI Housing Opportunity Conference, a session looked at the high cost of the gap between U.S. population and job growth and the creation of housing where people want to live.
The Dodge Momentum Index, a leading indicator for U.S. commercial real estate activity, increased 4 percent in February to 158.2, from the revised January reading of 151.9. In February, institutional planning rose 9 percent, and commercial planning moved 1 percent higher.
Washington, D.C.–area real estate investment trust JBG Smith has broken ground on two new outdoor placemaking destinations in Northern Virginia’s National Landing. The area will eventually be home to Amazon’s HQ2.
Fast Companyhas released the magazine’s annual Most Innovative Companies list for 2022 across 52 categories. ULI member firm Avison Young was named in the category of urban development.
In February, Waterfront Toronto announced the winning submission for a new vision to transform a 12-acre (4.9 hectare) site into a community for residents and visitors to live, work and play.
According to Real Capital Analytics, acquisitions of U.S. commercial property by overseas investors rebounded sharply in 2021, with investment concentrated on the apartment and industrial sectors. Cross-border deal volume totaled $70.8 billion in 2021, almost double the 2020 level.
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