Industry Sectors
In “Redevelopment in the Twin Cities: A Developer’s View,” a recent study funded by ULI Minnesota and the Family Housing Fund, ten developers specializing in redevelopment and infill development in Minneapolis/St. Paul give their perspective on the development process. Read about their predictions for future market conditions and the importance of positive working relationships with cities.
The still looming waterfall of maturing commercial mortgage–backed securities, the slowly thawing capital markets, and the ongoing uncertainty about where the next market will come from have left real estate professionals searching for solid ground. Entering the third year of the broad recession, the industry has retrenched, reorganized, and is struggling to recapitalize. But is the industry retooling?
While not known as an interest group in housing and community development circles, AARP champions retrofitting suburbia to be more walkable and livable. Read what David Shotwell, AARP’s senior director of livable communities, says about the organization’s advocacy of transit-oriented development and “complete streets,” among other things, in its quest to enhance older Americans’ quality of life.
As metro areas grow, older anchor institutions will continue to move into bigger facilities. Last month, a ULI advisory services panel offered recommendations for such a site in Buffalo. Learn how the panel’s suggestions for the Millard Fillmore Gates Circle Hospital could determine not only the financial value of the buildings, but also the market value of properties in the surrounding community.
“As the recovery in the industry strengthens, hotels have become an attractive sector,” says ULI’s Hotel Development Council chair. But parties entering the hospitality industry should study it carefully, says the owner of Hotel Granduca, which recently posted its highest occupancy ever. Read what other industry insiders are saying about doing business in this sector during the economic recovery.
More than 600 industry professionals from across Europe, representing an estimated $800 billion of combined financial management expertise, gathered in Paris in early February for the 15th ULI Europe Annual Conference to debate and explore how the real estate industry faces up to the economic, political, and business trends shaping the market—and how to seize opportunities. Read about how they suggest you seize the best opportunities in this market.
With a strong economy led by government, education, and health care, the Raleigh-Durham, North Carolina, area consistently ranks among the nation’s best economies. Read what local insiders have to say about how the multifamily sector and the Class A warehouse segments have improved, as well as what’s in store for the retail and office sectors in the Research Triangle area in 2011.
Federal financial regulators’ qualified residential mortgage (QRM) proposals for the home loan market have been attacked by housing, lending, and consumer groups since they were issued at the end of March, but the agencies’ proposals for the CMBS market have generated relatively little heat. Read what these proposals entail and how they are poised to affect the real estate industry going forward.
Four experts examine the trends affecting urban mixed-use development, including near-term development prospects, the best sources of financing, and the right mix of uses. Read what one considers the biggest game changer, and learn about the impact advances in social/interactive technologies may have on the sector.
Demand for affordable housing tax credits is exceeding supply for the first time since the recession started digging in three years back, which bodes well for more affordable housing construction ahead. And it does not hurt that land, labor, materials, and capital costs are still largely well below where they were five years ago.