Development and Construction
In the heart of London’s Covent Garden neighborhood, a complex of five Victorian-era structures—previously housing a seed merchant company, a brass and iron foundry, and a Nonconformist chapel, among other uses—have been restored and adapted into a single, cohesive office building with ground-floor retail and dining space. The three-year restoration preserved the property’s industrial heritage and provides flexibility to meet the needs of today’s workforce.
Recently, three new senior housing apartment towers opened in the metropolitan area of Portland, Oregon.
10 museum buildings strengthen ties to communities and the public realm
Multifamily experts gathered at the University of Southern California to highlight where denser construction is creating affordability.
At ULI Chicago’s October gathering at the new 73-story 1000M apartment tower, located at 1000 S. Michigan Ave., key members of the building’s development, architecture and construction teams hosted a tour of the project and enlightened attendees with a panel discussion on the history behind the skyscraper’s signature cantilever.
Seasoned executive shares passion for the built environment
“Investors are increasingly looking at airports as lucrative opportunities,” said Steve Forrer, chief investment officer at Aviation Facilities Management Company. “When you position an airport development correctly, it can draw in a wide range of businesses, from tech startups to established global firms,” he said.
The construction landscape has largely held steady across the United States and Canada.
As the Fed began a series of rate hikes in 2022, the apartment market went from one of frenzied growth and optimism to a market characterized by decline, be it declining sales volume, declining occupancy, or declining values. As we near year’s end, stability and even positive momentum have begun to take hold, and there is good reason to expect them to carry into 2025 with the return of large, open-ended funds and an improved debt environment.
Northern Mexico has experienced a significant expansion in the Mexican industrial real estate sector since its major decline from the late 1990s to the early 2000s, due, in part, to low-cost production in China. During the pandemic, that trend began to shift.
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