Industry Sectors
The global industrial market is poised for big changes as companies reexamine their supply chain operations, says ULI trustee James J. Curtis III. Labor arbitrage, rising manufacturing costs, and a much greater sensitivity to sustainability are among those factors that will drive the industrial market in the future, he adds. Read what other experts predict for the industrial market going forward.
In real estate terms, colocation simply means locating multiple agencies or facilities in one building or in adjacent buildings on a campus-style development. If a jurisdiction has the necessary vision and interagency cooperation, colocation can be a win-win situation for all stakeholders. Read about four reasons to co-locate projects involving public schools, branch libraries, recreation centers, and similar facilities.
The 2010 U.S. Census population figures show that nearly one-fourth of the largest metro areas grew by over 20 percent during the 2000s—with great differences between the two halves of the decade. Read which ten metro areas experienced greater growth in the second half of the decade than the first half.
After undergoing the worst downturn in revenue and demand since the Great Depression, the hospitality industry made a rapid recovery in 2010. While markets like New York, Boston, Miami, and San Francisco are back to prerecession peaks, other markets are seeing increases only in the number of rooms booked, rather than pricing. Find out what else was said about this at the ULI Spring Council Forum.
A tremendous amount of capital earmarked for distressed real estate investment opportunities remains on the sidelines. The question is how investors will effectively deploy such capital given the scarcity of realistically priced assets in a market overwhelmed with inexpensive capital and yield-hungry managers facing looming fund expirations. Read about six strategies being employed by successful buyers.
If California Governor Jerry Brown’s proposal to dissolve all community redevelopment agencies by this July takes effect, virtually all redevelopment activity will be immediately suspended, except for discharge or payment of existing obligations. Read about the political and public policy response, and why the California Redevelopment Association believes the proposal is unconstitutional.
Residential sales in top-performing master-planned communities began to rebound in 2010, reversing a severe decline that began in 2006. The top 10-selling communities sold more than 7,000 units last year. Some communities target specific buyers such as older adults, while other developments target a wider range of demographic and market segments. Read which master-planned communities made the top 10 in sales for 2010.
Student villages have the potential to turn underused urban land just outside university campuses into a vibrant, mixed-use environment. Read how Cornell University plans to replace a 1970s-era strip mall—a single-story, single-purpose structure designed to accommodate cars—with a coherent, compact, pedestrian-oriented community centered on a square with shops and restaurants.
Entrepreneurs, developers, architects, and financial executives from around the country say they are seeing increasing signs of a thaw in the real estate sector. Real estate activity is increasing in New York City, Seattle, Boston, Washington, D.C., San Francisco, and Denver. Find out which sector represents a market bright spot for both Seattle, Washington, and Washington, D.C.
What is within our collective grasp may be nothing less than the fundamental revaluation and reinvention of what we mean by the city. It is only within the wider urban context of the life of cities that it becomes possible to address the future of what we may or may not continue to describe as the office. Learn three cautionary rubrics important to successful office design.