Kevin Brass

KEVIN BRASS writes regularly about property and development for the New York Times International Edition and the Financial Times.

Eleven years after a ULI panel examined the potential development of 15 acres (6 ha) controlled by the University of Southern California in south central Los Angeles, USC Village is a reality. The $700 million project, which opened in August, is a mix of housing for 2,500 students, classrooms, a dining hall, and a community-focused retail complex.
A year after the opening of the Panama Canal expansion, rents for industrial space around the Port of Los Angeles are at an all-time high and vacancy rates are hovering around 1 percent.
Commercial property owners are rethinking their skepticism toward energy storage systems, with battery prices dropping and third parties offering new financing models.
A panel discussion at the 2017 ULI Spring Meeting in Seattle focused on the challenges facing industry executives interested in taking a leadership role in philanthropy while continuing to run a business.
Three of the primary participants in the creation of Amazon’s headquarters in downtown Seattle came together during the 2017 ULI Spring Meeting for a discussion of the long history.
The evolution of “smart” cities is about solving specific problems more than sweeping urban transformation, panelists emphasized during the 2017 ULI Spring Meeting. Targeted programs with clear benefits are defining smart cities, not the widespread embrace of new technology, they said. In Seattle, “smart” means expanding the network of low-cost sensors, which is allowing for adaptive traffic signals and detailed weather mapping that can track microclimates and rain surges.
Former vice president Joseph R. Biden Jr. sounded an optimistic note in his address to ULI Spring Meeting attendees in Seattle, showing some of the populist spirit that earned him the nickname “Uncle in Chief.”
While the growth of e-commerce and the shifting needs for open and smaller office spaces are having a marginal impact, most of these disruptive forces are still years away from having a substantive negative impact on the retail, office, and other industry sectors, said panelists discussing the latest ULI Real Estate Consensus Forecast during a webinar.
In 2015, ULI’s Advisory Services program convened a ULI resilience panel to study issues facing the area surrounding the Lower Duwamish Waterway, which is badly polluted with toxins and industrial waste and was identified in 2001 as a Superfund site by the U.S. Environmental Protection Agency. Two years later, the cleanup of the river continues and there is renewed interest in addressing the community issues.
Last December, car-sharing giant Uber abruptly loaded its prototype autonomous cars onto a trailer and moved its program from California to Arizona after a dispute with state regulators. If nothing else, the potential conflict over autonomous vehicles in California is a reminder that many complicated hurdles need to be cleared before the much-discussed takeover of autonomous cars. Communities and legislators are wrestling with the realities of regulating and creating infrastructure, even though it remains unclear what role driverless vehicles will play in future mobility.
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