Economy, Market & Trends
The lean, green Austrian capital is back on top of the Economist Intelligence Unit’s list of most livable cities.
The Dodge Momentum Index increased less than one percentage point in June to 173.6 from the revised May reading of 173.1, pushing the measure to a 14-year high.
Lars Huber, the CEO of Hines Europe, has been appointed as ULI Europe Chairman. Huber, who succeeds Marnix Galle, Executive Chair of the Board of developer Immobel, will serve on a voluntary basis for a two-year term starting on July 1.
Workforce development has long been a priority for us. Among the ways EQ Office, a Blackstone portfolio company, makes sure we have real impact and live our purpose is a nationwide partnership with YouthBuild USA, a non-profit organization that provides education, counseling and job skills for occupational training, leadership development, and career and college readiness.
Philadelphia’s Fairmount Park is the largest urban park system in the United States, sprawling along both sides of the Schuylkill River. A recent ULI Advisory Services panel on Fairmount Park highlighted the challenges facing the system.
An estimated 90 percent of construction will take place on existing buildings over the next 10 years. In many cases, the tax incentives available through the National Park Service (NPS) will be critical in determining a project’s viability. It is therefore incumbent on the NPS to look equitably at building inventory currently listed in the National Register of Historic Places.
When it comes to examining excellence in real estate with an eye on equity, there are many variables to consider, said panelists speaking at the 2022 ULI Spring Meeting, with affordable housing and community health being two of the most discussed factors.
When developer Michael Reschke opens his new hotel on LaSalle Street in Chicago’s Loop district in a few weeks, he will also be opening the door for dozens of overseas investors to live in the United States.
Grant and Elena Cardone, social media personalities and real estate crowdfunding gurus catering to small investors, were welcomed by the audience at the ULI’s Miami Symposium in April. After a standing ovation, they began their sit-down with Robert Given, chair, ULI Miami Symposium and executive vice-president at Cushman & Wakefield.
Tracy Murphy, cofounder and president of San Diego–based IQHQ, the life-sciences-centric real estate investment trust, has a drive and a hunger for success that cannot be stopped as the audience at the “WLI Presents: A View from the Top” at this year’s ULI Spring Meeting learned. IQHQ was founded around two years ago and has already become one of the largest property owners in the sector that she describes as “a sweetheart of a space.”
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