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.Read More
Logistics property developer GLP is taking advantage of new technologies to increase efficiency for its tenants. Chief executive officer Ming Mei told attendees at the ULI Asia Pacific Summit 2017 that his firm is using big data to improve efficiency in its logistics parks in China, analyzing everything from the temperature of cold-storage trucks to site selection for logistics tenants.Read More
This year, global investors should be keeping an eye on politics in China, Japan’s outbound investment, and the logistics sector, said a panel of senior industry figures speaking at the recent ULI Asia Pacific Summit 2017.Read More
According to the Wall Street Journal, the median size of a new single-family home declined for the first time since 2009, slipping 2 percent to 2,422 square feet (225 sq m) in 2016. This is only the third time in the last 20 years that it has fallen, according to U.S. Census Bureau data.Read More
Built in 1949, the Cameron Village shopping center of Raleigh, North Carolina, was one of the first in the Southeast. Decades later, Cameron Village is still thriving, with several new mixed-use developments adding increased density and energy.
Eric Blumenfeld, a prominent homegrown Philadelphia developer, more than a decade ago began rehabbing buildings in the city’s North Broad Street corridor and inviting big-name restaurateurs to use the space. Now, with the reopening of the long-vacant Divine Lorraine as apartment/restaurant space, a beloved architectural icon, Blumenfeld, owner of EB Realty Management, believes his vision is finally coming together.
There was a time before Prohibition when St. Louis had more than 40 breweries. By the 1980s, however, that number had dwindled to just two. Today, experts speaking at a ULI panel said St. Louis’s smaller brewery scene is again thriving, with 50 separate breweries operating locally.
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.
U.S. multifamily rents increased in May for the third month in a row, according to Yardi Matrix’s monthly survey of 121 markets, but the rate of growth continues to decelerate. On a year-over-year basis, U.S. monthly rents were up 1.5 percent nationwide in May. The year-over-year growth rate has decreased for 13 straight months since peaking at 5.4 percent in April 2016.
As job growth in the professional services sector has increased substantially over the past several years, office real estate investment trusts (REITs) have benefited from strong leasing fundamentals. However, more office construction and oversupply concentrated in major metro areas such as New York City, Houston, and Washington, D.C., continue to concern those in the market. Plus, interest rate survey data from Trepp.