Industry Sectors
The Trepp LLC weekly and Cushman & Wakefield Sonnenblick-Goldman monthly surveys show that spreads have widened by 20+ basis points over the past month, partially to accommodate perceived increases in risk and partially to absorb the incredible decline in Treasury yields.
On any given morning, will your workplace be unreachable because a power failure rendered the doorway security system inoperable?
May was a busy month for the Urban Land Institute. Our global reach was showcased at high-profile, back-to-back meetings in the United States, Asia, and Europe—each with a different focus, but all addressing the Institute’s core goal of creating vibrant communities for the 21st century.
Urban theorist Richard Florida, author of numerous books on 21st century urban evolution, including The Rise of the Creative Class, Who’s Your City, and The Great Reset, has been named a ULI senior visiting fellow
These ten facilities exemplify the hybrid nature of recreation centers, building on the synergy of shared uses and providing daylit, flexible communal spaces to tempt people away from their electronics and help them connect in the real world.
The Trepp LLC survey showed spreads narrowing 3+/- basis points during a quiet week leading up to a three-day weekend. Average spreads of 215 basis points combined with “sub-2” percent 10-year U.S. Treasury bonds remains attractive to say the least.
“Mixed-use developments mean we stop thinking so much about buildings as buildings but as communities,” said Richard Vogel, senior vice president and general manager of Ivanhoe Cambridge China, at ULI’s Asia Pacific Summit. These substantial and often iconic developments are a weighty undertaking, crucial to the regeneration and improvement of cities, particularly in rapidly urbanizing countries such as China and India.
In China, senior housing is a relatively new concept, and senior housing projects do not take account of the exact needs of this demographic group, said Sun Xiangshu, chairman of Beijing Victory Star Architectural & Civil Engineering Group, to a group at ULI’s Asia Pacific Summit held in Beijing May 16-18. There will be no easy solutions to China’s aging population problem, participants said.
The Trepp LLC survey showed spreads unchanged during the most recent survey period as the markets spent the week either waiting on the Facebook initial public offering or the imminent default on its obligations by some or all of the southern portion of Europe.
Developers and academics joined ULI’s Asia Pacific Summit to parse the meaning of the industry’s hottest buzzword—sustainability—and try to give it meaning against the backdrop of the biggest ever building boom going on in China.