Economy, Market & Trends
The New Mission Theater began life as a small theater in 1910, later expanded by prominent local firm Reid Brothers Architects into an ornate movie palace with 2,800 seats. But the last film was shown on site in 1993, changing owners several times in the decades to follow, until it was the building was sold to Austin, Texas–based Alamo Drafthouse Cinema, a national chain of dine-in movie theaters.
Amid rising venue rents, housing affordability woes, and ever-present construction cranes in Austin, local music venues—and, therefore, local musicians—fear extinction.
New Orleans would be number-one beneficiary of shared self-driving cars, says INRIX, a data analytics company focused on traffic and the automotive industry. Albuquerque, Tucson, Portland, and Omaha round out the top five on their list of 50 cities.
According to the latest survey by the Counselors of Real Estate, the most pressing issues facing the real estate industry include the need for infrastructure improvements, the mismatch of housing and jobs in cities, and the global uncertainty of political polarization. Scott Muldavin, the current chairman of CRE and a ULI full member, presented the research at a real estate journalism conference in Denver.
Speaking at a recent ULI Belgium event, ULI senior resident fellow Tom Murphy said that intentionality made the Pittsburgh transformation possible after the decades-long collapse of the U.S. steel industry.
The latest research from the Joint Center for Housing Studies of Harvard University, makes a solid case that the U.S. housing market is firmly on the road to recovery. Yet the report also shines a spotlight on the problems still in play, namely insufficient supply and rising costs that are creating challenges for both renters and homebuyers.
Experts discuss what creative professionals look for in cities, how municipalities and developers can create environments that are likely to draw creative individuals and industries, how to address housing affordability challenges in these areas, and other trends.
Vivek Wadhwa, a futurist and a distinguished fellow and adjunct professor at Carnegie Mellon University’s College of Engineering, shared his insights on technology’s impact on our lives, jobs and business, at the ULI Asia Pacific Summit in Singapore, followed by an interactive discussion with Richard Price of CBRE Global Investors and ULI Global board member.
The cities of the future embrace the principles of being inclusive, being mindful, and sharing, says Alice Charles, community lead for infrastructure and urban development at the World Economic Forum. She shared practical examples of these cities at ULI Belgium’s recent conference in Brussels.
Experts in housing discuss prospects for this year, the preferences of millennial buyers, the importance of providing communities with a strong sense of place, strategies for making homes more affordable, and other trends.