Despite ominous national headlines about New York City office, the vacancy rate is at 9.7 precent in the first quarter of 2022, a full 140 basis points above pre-pandemic levels, according to Moody’s. And, on the ground, New York City office landlords like Leslie Himmel, founder and co–managing partner of Himmel + Meringoff Properties, are doubling down on the city.

Longtime ULI Trustee Jonathan F.P. Rose has been selected as the 2021 recipient of the ULI Prize for Visionaries in Urban Development. Rose recently spoke with Urban Land about his holistic approach to building communities of opportunity.

ULI MEMBER–ONLY CONTENT: Commercial real estate is likely to have a good year in 2021—despite the devastation caused by the coronavirus, according to industry leaders at the 27th annual ULI/McCoy Symposium on Real Estate Finance.

Ten multifamily residential developments capitalize on waterfront locations.

Four internationally renowned real estate industry leaders have joined ULI’s Global Board of Directors, and 38 additional industry luminaries have been added to the roster of the Institute’s Global Governing Trustees. Both the Global Board members and Global Governing Trustees will serve on a voluntary basis beginning on July 1.

Panelists at a ULI New York event shared some of the plans for the future by the Port Authority of New York and New Jersey to leverage both public and private investments to update the three airports that serve New York City.

By the end of 2019, the first families will move into new, million-dollar townhouses at Edge-on-Hudson, a $1 billion development that will eventually bring more than a thousand new residences to Sleepy Hollow, New York.

The Dodge Momentum Index moved 4.1 percent higher in September to 143.6 from the revised August reading of 137.9. The gain in September was due entirely to an 8.9 percent increase in the commercial component, while the institutional component fell 4.8 percent.

Cornell Tech Campus represents a new model for higher education in the United States. Located on Roosevelt Island in New York City, the campus is designed around the idea that industry and academia should be intertwined instead of siloed. Along with academic buildings, the development includes corporate co-location, offices, a hotel, a residential tower, and conferencing and assembly areas, with space remaining to accommodate future requirements of the program.

Five internationally renowned real estate industry leaders have been added to ULI’s Global Board of Directors, and 23 additional industry luminaries have been added to the roster of the Institute’s Global Governing Trustees. Both the Global Board members and Global Governing Trustees are serving terms beginning July 1.