Industry Sectors
As long as lenders keep a tight grip on their wallets, the much-anticipated trend toward smaller houses probably won’t materialize, according to data presented at the NAHB’s recent annual convention.
In need of ideas for re-envisioning and reusing the area surrounding the Rose Bowl, the city of Pasadena is told by a ULI governors advisory services panel to streamline the agencies that manage the public open space around the iconic stadium.
Medical clusters—health and life sciences clusters that include hospitals, universities, research institutions, and life science companies—can be a boon for communities, such as Lake Nona in Florida.
People are resuming travel. In some spots hotels are trading at prices that are above where they were in 2007. New York City just experienced record hotel occupancy rates this past May. As long as the market did not get overbuilt, hotels are coming back, says Greg Cory, principal of San Francisco–based Land Use Economics LLC and chairman of ULI’s Recreation Development Council. However, areas that got overbuilt are predicted to take longer to recover.
Against the backdrop of a relatively glum economic outlook for 2012, ULI is continuing to expand, offering its “multilocal” approach to create value for members and magnify the Institute’s beneficial impact.
The Sea Pines Resort in South Carolina, which received the ULI Heritage Award in 1995, has influenced planned communities and the way projects work to balance nature and development
Top-selling master-planned communities continue to be those that adapt to the ever-shifting real estate environment.
While Prudential sees a 20 percent increase in commercial mortgage lending this year, this is not going to exactly move the needle for the average borrower as insurance companies by and large focus their general account’s attention on core properties, gateway cities, and “pristine” borrowers.
In the Emerging Trends in Real Estate Europe 2012 survey of more than 600 European property professionals, Istanbul was identified as the top European market for both investment and development.
At its annual commercial real estate/multifamily housing convention in Atlanta, the Mortgage Bankers Association projected a 17 percent increase in commercial real estate loan originations this year, while several observers weren’t nearly as positive.