Economic Development
After nearly eight years, workers are returning to a former General Electric factory in Fort Wayne. A complex financial package helped create a new home for one of Indiana’s largest employers at this postindustrial site in the U.S. Midwest.
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For grizzled veterans of commercial real estate, the return to a “negative leverage” environment may have been unforeseen but surely was not unique.
As we close the books on 2022, we look back on the topics that resonated most with the online readers of Urban Landin the past year.
Toronto’s deep-lake water cooling system stands as an example of the “third wave” of urban energy.
Developers and investors seeking capital to finance commercial real estate are facing a new reality in which capital is both more expensive and less available. Borrowers still have options, but those options depend on the credit quality and type of deal, as well as what that borrower is looking for in that loan.
Real estate economists offered a less optimistic forecast of the near-term U.S. real estate and economic environment compared with six months ago, downgrading predictions for a wide range of economic, capital market, and real estate variables. Some of the biggest changes to forecasts included 2023 gross domestic product, job growth, and private real estate returns, according to the Fall 2022 ULI Real Estate Economic Forecast.
Despite challenges, there is momentum in commercial real estate for capital to be raised and invested in underserved communities across the nation, according to a panel of Dallas/Fort Worth developers at the Fall Meeting in Dallas. The primary example they used to illustrate success is the National Juneteenth Museum in Fort Worth.
Real estate executive Preston Butcher and his wife, Carolyn Butcher, have donated $1.5 million to the ULI Foundation to create the ULI Homeless to Housed Initiative to identify and disseminate best practices that enable communities to provide housing for people experiencing homelessness.
Two of Asia’s leading entrepreneurs gave real estate investors a glimpse into the worlds of Web 3.0 and deep tech at the ULI Asia Pacific Summit.
With a goal of helping lure people back to the office in light of the post-pandemic work environment, Los Angeles-based real estate investment firm Coretrust Capital Partners is showcasing new technology which creates a safe and inviting workplace in an historic building.