<b>Equitable Development</b>
As creative placemaking has proliferated in the real estate industry, questions regarding its costs and benefits have often surfaced: What is the cost and what is the business case? Does it enhance the value of real estate? And what value is delivered?
The outgoing global chair of the ULI has urged the real estate industry to collaborate rather than compete in the battle to decarbonize and be more proactive over information and knowledge-sharing, particularly to investors who are less well-capitalized. Peter Ballon, who is stepping down as global chair in July, told delegates at the ULI Europe conference in Madrid in June: “We want everybody to figure [decarbonization] out. This is not where we want to compete.
As the world’s population continues to grow, there will be a need for increased urbanization to accommodate more people. The question is how and when should urban planners decide to regenerate, when to expand and when to create new cities, for sustainable growth and development of future cities, since each approach comes with its benefits and its drawbacks.
The second half of 2020 through to the following year was probably the busiest investment period in the two decades at Brookfield in the Asia Pacific region, according to the investment management firm managing partner and chief investment officer Lowell Baron. Baron spoke at a fireside chat session at the 2023 ULI Asia Pacific Summit opposite moderator Radha Dhir, JLL’s CEO and country head for India.
Sponsored content: There is no question that the distinctive neighborhoods of Fort Worth, Texas, are a bedrock of culture, innovation, and economy for the city. With revitalization at the forefront of the city’s economic strategy, municipal leaders are focused on aligning the community and creating sustainable growth for all residents.
The ULI Terwilliger Center for Housing has announced four finalists for this year’s Jack Kemp Excellence in Affordable and Workforce Housing Award and eight finalists for the Terwilliger Center Award for Innovation in Attainable Housing.
At the Europe ULI Hines Student Competition final, the team from the University of Manchester in England sized up their fellow competitors. They were impressed by the other presentations, but they felt confident that their own had a slight edge because of its core strength: its diversity.
San Francisco can create a more commercially vibrant and socially inclusive downtown that attracts a diverse range of industries and employers, advances housing attainability, and promotes stronger leadership, according to findings released by ULI.
Strict one-use-per-parcel zoning rules have long limited the growth of mixed-use projects in Spain, but the builders of a new office, residential, and commercial project in Madrid hope their example will pave the way for other integrated projects.
As part of the 2023 Net Zero Week, ULI Young Leaders share their excitement about a decarbonized future for the industry.
Innovative technology platforms already are helping many owners operate apartment buildings more efficiently and improve services for tenants. But experts say that is just the start of a revolution that could transform the multifamily segment.
While private infrastructure can help to fill many gaps where municipal budgets are constrained and standards for safety and accessibility can be maintained, it can come with challenges as well. Where are private streets most feasible and effective, how does context matter, and what policies can ensure that they are done right?
For some members of the ULI Foundation’s Governors Society, philanthropic giving is a way to support the Institute’s efforts to remedy the worldwide shortage of attainable housing, reduce carbon output to fight climate change, and educate a diverse future generation of leaders for the real estate profession. For other governors, their philanthropy is a gesture of gratitude for the role that ULI has played in their professional careers and achievements, or a way to honor friends they made through the organization. And some just want to be an inspiration to other ULI members.
Ethnic and cultural diversity, combined with a reputation as a welcoming place for immigrants, has long been a strength of the Greater Toronto Area—and it has also influenced the city’s development, panelists cautioned at ULI’s 2023 Spring Meeting.
At the recent 2023 ULI Spring Meeting in Toronto, panelists noted that transaction volumes have dropped significantly with the slowing of lending and bank failures.
In the heart of Toronto, a revolution is unfolding underground. Beneath the bustling streets and towering skyscrapers, a network of pipes is tackling the climate crisis. The story of Toronto’s Deep Lake Water Cooling system and its potential to reshape the approach to sustainable development was told during a session at the ULI Spring Meeting in Toronto.
At a 2023 ULI Spring Meeting panel titled “View from the Top,” Tsering Yangki, executive vice president at Dream Unlimited, one of Canada’s leading real estate companies, with over $23 billion in assets across North America and Europe, spoke with WLI chair Ellen Klasson, managing director at RCLCO.
Shopping malls, the once-bustling hubs of commerce and community, are now facing an uncertain future in light of relentless urbanization and population growth. But as the city evolves, so too must these giants. At the 2023 ULI Spring Meeting in Toronto, industry leaders tackled this very question in the panel titled “Reimagining the Mall: The Final Urban Frontier.”
ULI’s fourth annual Resilience Summit in Toronto featured a panel of affordable housing and climate crisis experts offering solutions in the face of sobering odds.
In a report that emphasized upward mobility and inclusion in Indiana’s second largest city, a ULI Advisory Services panel for the Electric Works redevelopment project in Fort Wayne, Indiana, focused on the economic importance of being a destination with an “open tent.” That means having real and stated plans that emphasize the inclusion of the entire region.
The Real Estate Economic Forecast, produced by the ULI Center for Real Estate Economics and Capital Markets, is based on a survey conducted in April 2023 of 41 economists and analysts at 37 leading real estate organizations. According to the survey, the U.S. economy will slow in 2023 and 2024, with recovery expected to begin in 2025. The real estate market will follow suit, with flat to negative results over the next two years, followed by mostly positive news in 2025.
Developers and buyers create new models for housing that hold the promise of a more environmentally friendly, connected, and multigenerational way of living.
A member of ULI Toronto describes the redevelopment of the Downsview Airport lands, representing an unprecedented opportunity: the chance to create a “city within a city,” a globally recognized, mixed-use urban community in the heart of one of the most vibrant and diverse metropolitan areas in North America.
When the Field Building on Chicago’s LaSalle Street opened in 1932, it was a technological and architectural marvel, with high-speed elevators, drinking fountains, and even air-conditioning, a first for the city. Nearly a century later, the 1.3-million-square-foot (120,774 sq m) Art Deco landmark is a pioneer of a different sort.
In March, ULI member leaders based in Shanghai, China, engaged in a discussion on how China’s real estate market has been recovering since end of the “zero COVID” policy in December.
The U.S. Army Corps of Engineers and the Texas General Land Office are mounting a $31 billion coastal resilience project on the Texas coast, the most expensive project ever led by the Corps and the largest coast management project ever.
The senior housing occupancy rate increased 0.3 percentage points from 82.9 percent in the fourth quarter of 2022 to 83.2 percent in the first quarter of 2023, according to data from NIC MAP Vision released by the National Investment Center for Seniors Housing & Care. The occupancy rate has increased 5.4 percentage points overall from a pandemic low of 77.8 percent in the second quarter of 2021 but remained 4.0 percentage points below the pre-pandemic high of 87.2 percent in the first quarter of 2020.
A new ULI report shares promising insights and examples of zoning regulations from across the United States.
Office property owners who were able to weather the worst of the COVID-19 pandemic are crashing into a hard reality wrought by sharply lower demand and higher interest rates. Undercurrents of stress are now emerging in the form of defaults.
Americans are voraciously consuming digital content. The Consumer Technology Association estimates that consumers will spend $151 billion on technology services (the category for video, gaming, audio, and apps) in 2023, marking five consecutive years of growth. Entertainment companies are hurriedly working to meet this demand by ramping up television and film production.
