Lew Sichelman

A new survey by the Urban Land Institute and EY forecasts that activity in the commercial sector will soon reach levels not seen since 2006. The housing sector is also expected to continue its rebound, albeit at a somewhat slower pace than previously predicted.
Nearly one out of every four loans guaranteed by the U.S. Federal Housing Administration (FHA) would likely end in default over the next five years if another recession were to occur, according to a new measure of loan safety.
While multifamily development in the urban core has boomed, the prospects for suburban development are more mixed, said experts at ULI’s annual meeting in Chicago.
At a panel at ULI Fall Meeting in Chicago, panelists and audience participatns were asked what innovations Apple Computer’s founder and CEO would have undertaken had he been a residential developer.
E-commerce has been the fastest-growing segment of the retail market for the last four years and can be expected to be a large share of the market for the next 15 to 20 years. Fulfillment centers have become the new face of industrial warehouse development, according to panelists at the ULI Fall Meeting in Chicago.
The growth in the single-family rental market has been labeled by some as a soon-to-be passing fancy -- a fad that will cease to exist once the housing market rights itself. But panelists at ULI’s Fall Meeting in Chicago say the niche business is here to stay.
The entire process of developing affordable rental housing could be streamlined to keep costs down, said panelists at the Urban Land Institute’s Fall Meeting in Chicago.
While micro-units are coming soon to New York City, developers in Washington state and Texas are already betting on smaller units. These modern efficiencies appeal to those who value location and often don’t own a car.
While the baby boomers and generation Y are a big piece of the puzzle, neither generation is monolithic, said panelists at the ULI Spring Meeting. Appealing to all generations may be the safest path for residential and retail developers.
Significant improvement can be expected in both the commercial and residential real estate sectors this year and through 2015, according to ULI’s semiannual forecast. Respondents expect transaction volume in commercial real estate to rise from $290 billion last year to $310 billion this year, $340 billion in 2014, and $360 billion in 2015.
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