Lured by the weak dollar, buyers from Europe, Asia, and South America are reentering the U.S. real estate market, buoying the hopes of developers and financial institutions across the country. Read more to learn what advice Mike Mixer, managing partner in the Las Vegas office of Colliers International, has for ULI members looking to attract the interest of out-of-country purchasers.
Boasting an average growth rate of 6 percent per annum over the last ten years, a rapidly expanding skyline, and significant infrastructure projects underway including the widening of its famous canal, Panama is becoming one of Latin America’s premier gateways for trade and commerce. Read more to learn what U.S. real estate entrepreneurs need to know before embarking on projects in this country.
Teams from 245 buildings around the country are going head to head in this year’s U.S. EPA Energy Star National Building Competition. Although the winner will be chosen based on which structure realizes the largest percentage reduction in energy use, the competition is also intended to highlight the importance of sustainability and to share best practices case studies.
New York’s Metropolitan Transportation Authority is pushing sustainability to new heights by seeking to turn historic Metro-North train stations outside the Big Apple into retail and dining hot spots. Learn how transit-oriented development at these transit stops is poised to benefit the real estate community, the transit agency, commuters, the communities themselves, and even the environment.
Real estate entrepreneurs and development companies have had to adjust to demographic changes and economic constraints in California. At the same time, the state’s real estate sector is adapting to new market realities. With an economy that seems to be on the mend, read what factor is bringing good news to the housing market and leading people to think about expanding their businesses.
From skyscrapers to landscapers, from multifamily developments to retail emporiums, increased awareness of lower operating costs, added health benefits, and the competitive value of sustainability is driving increased demand for sustainable design in California. Read about some of the projects emphasizing sustainable design, and what professionals see as the future of the practice in the state.
With residential real estate in the doldrums for the past few years, homebuilding companies are looking for different areas for growth. As such, firms like Toll Brothers and Lennar Corporation are pursuing opportunities that have synergies with, but may fall outside of, their core homebuilding operations—for example, golf and country clubs. Learn what homebuilders should know before branching out.
Pittsburgh, Pennsylvania—a city that was once the butt of jokes—now offers numerous opportunities for developers. Spurred by growth in the medical, education, financial services, and computer software industries, downtown office rents are expected to rise 7.5 percent this year—more than triple the national average. Read what advice ULI insiders have for those who want to enter this market.
Only a few years ago, Cincinnati, Ohio’s Over-the-Rhine neighborhood was known for having one of the highest crime rates in the city. Today, the area—believed to be the largest, most intact urban historic district in the United States—has been transformed into one of Cincinnati’s most vibrant sectors. Read more to learn how a private, nonprofit corporation called 3CDC made this happen and the advice and lessons that the people behind it share.
From skyscrapers to landscapers, from multifamily developments to retail emporiums, increased awareness of lower operating costs, added health benefits, and the competitive value of sustainability is driving increased demand for sustainable design in California. Read about some of the projects emphasizing sustainable design, and what professionals see as the future of the practice in the state.
With multifamily yields on both coasts stagnant, some of the smart money is going inland—and more investors are expected to follow. For example, says one insider, a lot of institutional capital is looking at Texas and the middle of the country because it is getting priced out of coastal markets. Read more to learn what insiders have to say about the dramatic difference in cap rates they’re seeing.
