Economy
National Football League team owners in January gave their blessing to plans to return the Rams to Los Angeles after a 20-year hiatus in St. Louis. The City of Champions Revitalization Initiative, as it’s being called, is replacing Inglewood’s dated Hollywood Park racetrack with a sports-oriented, mixed-use development expected to create an immediate financial boon for the area.
Economists see a pretty good year ahead for real estate, despite a weak world economy. “The data [are] good, but we all feel this uncertainty,” said Jeffrey Havsy, chief economist, Americas, CBRE Econometric Advisors. He spoke at a panel discussion of the semiannual ULI Real Estate Consensus Forecast, as part of a members only webinar.
It could be a bumpy first half of the year for retail real estate: Despite continued improvement in key fundamentals and a strengthening U.S. economy, the retail sector is bracing for a bigger shake-out in store closures in the next few months.
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.
The growing economic impact of millennials, growing demand for dining, and increasing interest from international brands are transforming the American retail real estate landscape.
San Francisco’s shoreline—once cut off from downtown by an elevated highway and a series of inaccessible piers—now offers a series of transit-accessible open spaces that link surrounding communities to the shore. How can cities better existing ports?
Health care has been one of the worst-performing sectors for real estate investment trusts this year, with a total year-to-date return of –17.60 percent. This performance has been surprising, since the sector has been a model for growth in prior years. So what has pulled the sector down during 2015? Plus, interest rate survey results from Trepp.
According to the latest Emerging Trends in Real Estatereport, published by ULI and PwC, Vancouver and Toronto claimed the top rankings for investment potential in Canada, placing at number one and two, respectively.
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.
Public/private partnerships (P3s) are critical to fixing aging transportation infrastructure and building new mass transit options across the United States, said former U.S. Transportation Secretary Ray LaHood in remarks that concluded a ULI conference in Detroit.