Economy, Market & Trends
The life sciences industry is booming, and recruiting and retaining talent is the top concern for the leaders of life sciences companies, according to a panel of four Chicago-based experts who spoke at a concurrent session during the 2021 ULI Fall Meeting.
In October 2020, JPMorgan Chase announced a $30 billion Racial Equity Commitment to help close the racial wealth gap among Black, Hispanic and Latino communities. In the last year, JPMorgan Chase has deployed or committed more than $13 billion of its $30 billion goal largely driven by affordable rental housing preservation and homeownership refinance, which were existing products and processes where the firm took prompt action to do more.
Urban Landsat down with Project Management Advisors president and CEO Roger McCarron during the 2021 ULI Fall Meeting in Chicago to talk about the employer/employee return-to-office “negotiations.”
Coworking giant WeWork began trading on the New York Stock Exchange last week, going public via a merger with special acquisition company BowX Acquisition nearly two years after a pulled initial public offering.
Cities and states are lifting eviction moratoriums they put in place in the early days of the COVID-19 pandemic. Is an uptick in evictions around the corner? Not if tenants, landlords, and government officials work together to address the challenges low-income renters face, according to panelists representing the three groups who spoke at a concurrent session at the 2021 ULI Fall Meeting.
At the closing general session of ULI’s 2021 Fall Meeting, Daymond John—investor on ABC’s Shark TankTV show, presidential ambassador for global entrepreneurship, bestselling author, and CEO of global fashion brand FUBU—summed up the lessons he has learned from life and business. After waiting tables at Red Lobster in the late 1980s, he began sewing wool hats popular with hip-hop fans and, by befriending stars such as LL Cool J, built a multimillion-dollar business.
Education programs are an important part of enabling Blacks and other minorities to rise professionally in commercial real estate and improve underserved urban communities, panelists said Wednesday during the concurrent session titled “Developing Real Estate Talent within Diverse Populations” at the ULI Fall Meeting.
Affordable and workforce housing policies and programs put in place by the governments of Alexandria, Virginia, and Minneapolis, Minnesota, have been selected as joint winners of the 2021 Urban Land Institute Robert C. Larson Housing Policy Leadership Awards. The annual awards, presented by the ULI Terwilliger Center for Housing, recognize innovative ways the public sector is addressing the nation’s affordable housing crisis, and the winners will be celebrated at the ULI Fall Meeting in Chicago.
Senior housing occupancy increased in the third quarter of 2021 to 80.1 percent according to new National Investment Center for Seniors Housing & Care data. A significant rebound in demand and modest increase in supply contributed to the occupancy rate increase.
Hong Kong is famous for its hospitality industry, but the sector has been under fire for the past three years. Even so, the hotel and food and beverage (F&B) industries have shown resilience and adaptability said panelists during a ULI Hong Kong conference in September.
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