Industry Voices
Venture capitalists are jumping into the growing market for technology-based solutions for the affordable housing issues that communities around the globe are facing.
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.
Joseph Stecher is a member of ULI and has invested in real estate globally as a principal investor at General Motors Pension Fund, Goldman Sachs, and Morgan Stanley. Today he has his own capital placement agency, Candlewood Investors, and is also a senior adviser to RealConnex, a real estate technology startup. In this opinion piece, he shares how leaders of real estate firms can develop best practices to blend technology into current business practices
The United States is undergoing its worst housing affordability crisis in 45 years, said Ron Terwilliger, chairman of the ULI Terwilliger Center for Housing, at the 2016 ULI Spring Meeting in Philadelphia.
Residential real estate executives are assessing the impact of a new U.S. Treasury Department initiative to crack down on criminals and corrupt foreign officials who use luxury home purchases to launder money, requiring title insurance companies in Miami and New York City to disclose the identities of buyers paying cash starting in March.
Apartments had a very strong year in 2015, with rent growth averaging 4.8 percent and occupancy averaging 95.8 percent according to MPF Research, a division of Real Page. But apartment market activity slowed late in the year, and opinions are mixed about whether it was seasonal slowing or a sign that markets are cooling. Plus, interest rate survey data from Trepp.
U.S. multifamily has been outperforming other sectors for much of the recession recovery period and enjoying unprecedented capital investment flows from around the globe.
Two of the four major outdoor advertising companies converted to real estate investment trusts in 2014, prompting a look at outdoor advertising trends and REIT performance. The movement toward highly flexible digital billboards is driving outdoor advertising revenue growth. Plus, interest rate survey results from Trepp.
Longtime Urban Land Institute leader A. Alfred Taubman passed away following a heart attack. He was 91. Taubman, a real estate industry icon who pioneered the development of enclosed shopping malls, had been a ULI Foundation governor since 1985. He served as a trustee from 1980 through 1992, and was a member of the ULI Advisory Services committee from 1995 to 1996.
In an address that concluded this year’s ULI Fall Meeting in New York City, author and journalist Walter Isaacson extolled the importance of the urban built space in fostering creativity and technological progress.