When Urban Landlast spoke to New York City landlord Leslie Himmel of Himmel + Meringoff Properties in March, vacancy within the nation’s largest office market was hovering just below 10 percent. While that still registers below the market’s peak of 11.7 percent in 2010, according to Moody’s, that rate has continued to drift upwards since March. Urban Landrecently sat down with Himmel for a lively discussion about doing business in a recessionary market amid rising interest rates, and her ongoing search for what she calls “brave money.”

Haven Realty Capital and institutional investors advised by J.P. Morgan Global Alternatives have formed a programmatic joint venture to acquire and develop more than $1 billion in new build-to-rent communities throughout the United States. The joint venture comes at a time when new for-sale housing starts have fallen to a two-year low.

Real estate economists offered a less optimistic forecast of the near-term U.S. real estate and economic environment compared with six months ago, downgrading predictions for a wide range of economic, capital market, and real estate variables. Some of the biggest changes to forecasts included 2023 gross domestic product, job growth, and private real estate returns, according to the Fall 2022 ULI Real Estate Economic Forecast.

Two of Asia’s leading entrepreneurs gave real estate investors a glimpse into the worlds of Web 3.0 and deep tech at the ULI Asia Pacific Summit.

The U.S. housing affordability crisis has both sharpened and spread significantly in the last decade: once largely confined to the coasts and the Southwest, it now extends to nearly every state. The number of metropolitan areas that underproduced housing rose from 100 to 169 between 2012 to 169 in 2019; nationally, underproduction nearly doubled in the same time period, from 1.65 to 3.79 million units.

Building on the 2020 pilot and 2021 update focused on the COVID-19 pandemic’s implications for housing, the 2022 edition of the index explores the attainability implications of shifts in housing demand and regional competitiveness due to demographic changes, pandemic-influenced employer and employee location decisions, and the high cost of both building and finding homes in the largest and most economically vibrant regions.

Belgium Prime Minister Alexander De Croo opened the 2022 ULI Europe Conference discussing the two crises impacting Europe: war on the European continent and the lingering global pandemic.

Developers that want to build momentum and lure users, especially for big projects, need to think beyond the walls of their buildings and instead create places that become nodes for innovation, panelists said at the 2022 ULI Spring Meeting in San Diego. Economic clusters—places anchored by companies or institutions that attract other businesses and residents—are key, said panelists.

Sponsored Content:HRP’s Chicago transformation is an environmental feat. Now they want to make sustainability an industry standard.

Investors who specialize in “deconverting” condo properties back into rentals are finding opportunities. But the deals take patience and fortitude.