The New York Convention Center Operating Corporation announced the completion of the Javits Center’s new rooftop event space as part of its $1.5 billion expansion project on Manhattan’s West Side. The farm and event space, along with several other sustainable upgrades, builds on the success of the convention center’s robust sustainability program.

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The Villages, a retiree-focused community northwest of Orlando, in 2020 once again topped RCLCO’s listing of the 50 top-selling U.S. master-planned communities. Total new home sales among the communities were 20 percent higher in 2020 than the previous year, RCLCO reported.

Ten venues provide places for community members to gather, play, compete, learn, and enhance wellness.

The Hong Kong government’s recent decision to embrace a new tendering process for the sale of a prime parcel of waterfront land adjoining the Central business district marks a welcome departure from longstanding policy. In the past, such tenders were invariably awarded to the highest bidder without regard to the quality of the proposed development. Now, however, use of a “two-envelope” approach to sell the plot, known as Site 3, means that design also becomes part of the equation.

ULI will announce the winner(s) by October, and the jury will allocate a prize purse of $10,000 to one or more winning project teams.

Panelists at a ULI New York event shared some of the plans for the future by the Port Authority of New York and New Jersey to leverage both public and private investments to update the three airports that serve New York City.

In 2018, Los Angeles-based real estate firm LOWE, sold its hotel operating subsidiary to Hyatt Hotels for $480 million. That kind of exit was not part of some original projection, said Robert “Bob” S. Lowe Sr., the company’s founder and a ULI Foundation Governor, speaking at a ULI event in South Carolinain mid-November.

The Dodge Momentum Index, a monthly measure of the initial report for U.S. nonresidential building projects in planning, rose 6.9 percent month over month in October. The increase was due to a recovery in institutional planning projects, which had stepped back over the previous few months. Institutional planning moved 22.8 percent higher in the month while commercial planning lost 0.5 percent.

The Dodge Momentum Index moved 4.1 percent higher in September to 143.6 from the revised August reading of 137.9. The gain in September was due entirely to an 8.9 percent increase in the commercial component, while the institutional component fell 4.8 percent.