Los Angeles
Southern California is home to a few of ULI's largest district councils, including Orange County and Los Angeles. The Los Angeles Convention Center in DTLA has hosted the ULI Fall Meeting several times, and some of ULI's most prominent members also hail from Los Angeles, home to some of the largest buildings west of the Mississippi River.
At the 2023 ULI Fall Meeting in Los Angeles (L.A.), attendees had the opportunity to tour Hollywood Park in Inglewood California, a 298-acre location of sports, entertainment, parks, retail, and residential space, which includes the famous SoFi Stadium. Hollywood Park, formerly Hollywood Park Racetrack, is currently being converted into a mixed-use master-planned community highlighting the architectural and lifestyle of Southern California
New towns and master-planned communities played a major role in the growth of the Los Angeles metropolitan area throughout the 20th century. With the invention of mass-produced housing in the 1940s—a factory in the field, as exemplified by Levittown in New York—Los Angeles developed rapidly after large ranches such as Palos Verdes and Bixby Ranch were master-planned for housing and neighborhood amenities.
ULI is deeply saddened at the passing of visionary Los Angeles developer and ULI Life Trustee Wayne Ratkovich at the age of 82. In 1977, he founded The Ratkovich Company, a development firm specializing in urban infill and adaptive reuse projects.
The ULI Foundation has announced that Alex J. Rose, executive vice president for Continental Development Corporation, has donated $1 million to support ULI’s Advisory Services program, which offers expertise and technical assistance to communities facing complex land use challenges. This gift is a contribution to the ULI Foundation’s first capital campaign, Our Cities, Our Future, which aims to raise $100 million in support of the Institute’s global mission.
The senior housing occupancy rate increased 0.3 percentage points from 82.9 percent in the fourth quarter of 2022 to 83.2 percent in the first quarter of 2023, according to data from NIC MAP Vision released by the National Investment Center for Seniors Housing & Care. The occupancy rate has increased 5.4 percentage points overall from a pandemic low of 77.8 percent in the second quarter of 2021 but remained 4.0 percentage points below the pre-pandemic high of 87.2 percent in the first quarter of 2020.
Americans are voraciously consuming digital content. The Consumer Technology Association estimates that consumers will spend $151 billion on technology services (the category for video, gaming, audio, and apps) in 2023, marking five consecutive years of growth. Entertainment companies are hurriedly working to meet this demand by ramping up television and film production.
To be successful and sustainable, fighting homelessness in Los Angeles requires crisis intervention on two fronts: First, we must build more permanent housing and much more of it needs to be affordable. Second, we must build more transitional shelter of every type—more quickly and much, much more affordably. But shelter is not enough.
Affordable housing in California has become increasingly difficult to develop in recent years in a state where there is a significant lack of it. Two developers speak to the barriers to development in Southern California.
The ULI/Allen Matkins Capital Markets Roundtable, now in its eighth year, brings together investors, developers, lenders, managers, and intermediaries to share insights and perspectives on the current and future outlook for real estate capital markets. topics discussed included which sectors of the market are strong, which should be avoided; and what the thoughts and strategies of some major players in real estate financing and investing are for the coming year.
With a goal of helping lure people back to the office in light of the post-pandemic work environment, Los Angeles-based real estate investment firm Coretrust Capital Partners is showcasing new technology which creates a safe and inviting workplace in an historic building.
Anthony “Tony” E. Mansour Sr., who was best known for developing El Dorado Hills, a master-planned community near Sacramento, California, passed away on June 5. He was 84.
ULI Los Angeles, celebrating the 20th year of its Urban Marketplace program, has launched a series of five online events around the theme of “A Reflection on Progress and a Vision for the Future,” with the first held in early September. The principal session consisted of a conversation between Michael Banner, president and CEO of Los Angeles LDC, and Miguel Pastor, director of the University of Southern California Program for Environmental and Regional Equity, focusing on helping disadvantaged neighborhoods access capital and positive signs for the future.
Hotels and office buildings are taking on many of each other’s characteristics in terms of design and use. This confluence has several drivers, among them the evolution of technology, shifts in guest and tenant expectations, and the increasing mobility of the American workforce.
Members of the 55-plus market are planning their next move—and they will do it on their terms.
With rental rates skyrocketing in many U.S. cities, more states are exploring ways to protect tenants and address the mounting issues of affordable housing, without wading into the controversial morass of rent control, said panelists during the ULI Housing Opportunity 2019 conference.
A recent ULI Advisory Services panel, funded entirely by the ULI Foundation, provided recommendations specific to the city of Los Angeles but adaptable to other metropolitan areas.
E-commerce’s explosive growth, an emphasis on speeding up supply chain fulfillment, and robust leasing demand among traditional warehouse users are dramatically influencing the industrial property market. Several quarters of healthy absorption and strong rent growth across most U.S. markets not only have turned the cavernous boxes into commercial real estate darlings, but also are driving a warehouse construction boom that is churning out larger buildings designed to enhance rapid delivery.
Architects must take more responsibility for their work, legendary designer Frank Gehry told a general session audience Tuesday during the 2017 ULI Fall Meeting. Architects need to “get into the fray,” Gehry said.
Alternative, or nonbank, lenders are filling in gaps in the mortgage world where they find them, whether it be the result of increasing capital requirements for banks, consolidation in the banking sector, or a pullback by commercial mortgage–backed securities lenders. Last year alone, the five largest players in the sector collectively funded some $20 billion of interim loans. Plus, interest rate survey data from Trepp.
This session at ULI Los Angeles conference provided an unusual opportunity to hear two of L.A.’s key planners discuss their attitudes, priorities, and philosophies, and offered a glimpse into the future of L.A. development as they addressed the myriad issues facing the city.
ULI’s Building Healthy Places Initiative and the Rose Center for Public Leadership are taking a closer look at auto-oriented commercial strips and their potential to activate healthy behaviors in surrounding communities instead of inhibiting them through demonstration corridors in four geographically diverse and growing cities.
Ten remade shopping centers exemplify opportunities for transformation.
In a recent New Yorker article, “Adaptation: How Can Cities Be ‘Climate-Proofed’?,” sociologist Eric Klinenberg points out that much of the discussion around resilience focuses on physical infrastructure, when social infrastructure can play an equally important role in how well a community survives a natural disaster.
As cities become denser, the cost of high-density parking begins to pencil out for developers—which is when the development of parking that automatically stores and retrieves cars becomes attractive.
With a focus on its historic Union Station, Los Angeles is trying to create transit links between downtown and surrounding historic neighborhoods—and invited a ULI advisory services panel to weigh in.
California cities are fighting back against state efforts to balance a $26 billion budget shortfall in part by eliminating redevelopment agencies. Cities are filing suit against the state, the governor, and legislators for forcing them to pay what some term a high ransom to preserve their redevelopment agencies. Read what the mayor of Riverside says redevelopment efforts contributed to his city.
According to Emerging Trends, the real estate report from PWC and ULI presented at a ULI 2011 Fall Meeting press conference in L.A. last week, a handful of urban centers are climbing out of recession and may serve as models for the rest of the country. Washington, D.C., remained the number-one city for the third consecutive year; read more to see how the other cities fared in this year’s survey.
The Avenue, located at one of the most coveted corners in Hollywood’s current renaissance, was developed as a condominium by an affiliate of John Laing Homes, now submerged in Chapter 11 bankruptcy. The seven-story condominium development was 70 percent complete when Laing halted construction. Read how the property is being repositioned and what the developer considers a key to its approach.
Given the distinctive character of individual communities, the special requirements of the populations, and the complexities of funding, developers of affordable housing regard every project as a unique opportunity that demands creativity, commitment, and patience. Read how Los Angeles–area private developers and their public partners are reshaping both the perception and reality of affordable housing.
U.S. architects are experimenting with designing net-zero-energy buildings—those that produce as much energy as they consume. Developers around the world are building modular housing to speed construction, reduce on-site labor expenses, and lower development costs. Now, an off-site systems building manufacturer has developed the first modular net-zero-energy townhouses as a demonstration project in Oakland, California.
