<b>Equitable Development</b>
Hit by two major hurricanes in 2017, St. Croix —one of the U.S. Virgin Islands—is oised to receive nearly $2 billion from the Federal Emergency Management Agency, a portion of which could potentially transform the island’s current social and economic footing if used strategically.
In early August, a ULI Advisory Services panel spent a week touring area development projects in Erie, Pennslyvania, focusing on Erie’s downtown revitalization and working within the city’s economic and cultural environment.
Rather than being siloed as strictly transportation initiatives, urban mobility projects and policies are increasingly being viewed in part as economic investment. London is a prime example of this approach, said experts speaking at the ULI Netherlands Conference in May.
According to a survey by RCLCO, sentiments about the real estate conditions in the U.S. remain at a relatively high level, but slightly below where they were six months ago. Just over one-half (51 percent) of RCLCO’s Mid-Year 2018 Sentiment Survey respondents say U.S. real estate market conditions are moderately or significantly better today than they were 12 months ago, five percentage points lower than in the year-end 2017 survey.
The population of urban neighborhoods in many metropolitan areas is growing as quickly or nearly as quickly as that of suburban neighborhoods, reflecting ongoing consumer demand—particularly among younger households—for walkable living environments that are convenient to jobs, transit, and urban amenities, according to new research published by ULI and RCLCO.
From macro-economic forces to social, environmental, technological, and political disruption, property and the wider built environment are facing change on a scale not seen for decades, said panelists speaking at the 2018 ULI U.K. National Conference in London, including increased migration, ongoing low interest rates, and increased political discord.
We are late in the current cycle, and real estate investors are focusing on the potential risks as much as, if not more than, the rewards on offer, according to investors and investment managers discussing global capital markets at the 2018 ULI Asia Pacific Summit in Hong Kong.
At a ULI Triangle event in April, representatives of North Carolina’s Capitol Broadcasting Company shared the firm’s plans to redevelop a historic cotton mill, ultimately shifting the fortunes of the town of Rocky Mount.
Hundreds of millions of dollars are pouring into plans to help incubate and retain life-science startups in New York City, panelists said at a ULI New York event in May. Locating in Manhattan offers the benefit of a variety of possible partners, including universities, hospitals, and other technology firms, as well as the presence of investors and potential employees, they said.
Important tax credits were preserved in the new federal tax law, but lower corporate rates shrink their value.
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