Chicago’s Aqua Tower is an 82-story concrete structure with more than 1.9 million square feet (176,500 sq m); tenth-tallest building in Chicago. Rated LEED-NC (for new construction) under the Leadership in Energy and Environmental Design program of the U.S. Green Building Council. Construction cost is estimated at $300 million per GreenSource magazine.

Ideally, mixed-use projects achieve some kind of symbiosis among their elements, creating a whole that is more than the sum of the parts. All completed in the past five years, the following ten projects represent innovative takes on combining product types.

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.

Released during the Institute’s 2024 Fall Meeting in Las Vegas, Emerging Trends in Real Estate® North America predicts Dallas-Fort Worth, Miami as leaders in 2025

Real estate market participants are in the midst of a “Great Reset” when it comes to adjusting views related to pricing, risk, and return expectations in an environment marked by higher interest rates and slower economic growth. The need to align thinking and strategies to fit current market dynamics is one of the key themes in the 2024 Emerging Trends in Real Estateforecast for the United States and Canada.

ULI’s new report shares promising examples of efforts to reconnect communities divided by highway infrastructure.

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.

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.

Tattooed, tanned, and tousled, 48-year-old Stefan Quinn Soloviev looks like an athletic nerd who stepped out of a Mad Max film, but don’t let his appearance fool you. Soloviev is one of the largest landowners in the United States—number 21, according to Landreport.com—with a portfolio that includes some of Manhattan’s most coveted properties.

Construction codes are pushing new buildings toward net zero, but roughly 80 percent of the expected 2050 building stock already exists today and needs to undertake major upgrades to meet emissions limits in line with the Paris Agreement. To address this issue, cities and states across the U.S. have started to limit emissions from existing buildings with regulations known as Building Performance Standards (BPS).

Holcim Foundation is equipping the next generation of building practitioners to become impactful voices of change.

By repurposing an underutilized hotel as student housing, San José State University ignites campus life and fuels a downtown resurgence

Launched in 2022 with the release of its foundational report, Homeless to Housed: The ULI Perspective, ULI’s Homeless to Housed (H2H) initiative aims to address the U.S. housing and homelessness crises through real estate–driven solutions that emphasize a new degree of affordability and necessary connections to supportive services. The early work reflected in the report brought to light the real estate development community’s ability to deploy expertise and resources in addressing homelessness in the communities where ULI members live and work.

Roughly 10,000 people live on the streets or in temporary shelters in San José, California. This estimate, based on 2023 point-in-time calculations, sparked ULI members in the San Francisco Bay area to leverage ULI’s Homeless to Housed (H2H) grant initiative to help uncover potential housing solutions for their bayside neighbor.

Canada’s real estate market is in the midst of a pivotal shift as the Bank of Canada (BoC) rolls back what has been “higher for longer” interest rates. Yet despite welcome relief on financing costs, real estate leaders are still moving somewhat cautiously amid uncertainty and fluid market dynamics.

Obsolete buildings will constitute up to 50 percent of all new housing in cities

The winners of the ULI Americas Awards for Excellence become finalists for the 2024 ULI Global Awards for Excellence, competing against projects from the Europe and Asia Pacific regions. The awards are open to projects and programs in the ULI Americas region that are substantially complete, financially viable, and in stable operation. The program evaluates submissions on overall excellence, including achievements in marketplace acceptance, design, planning, technology, amenities, economic impact, management, community engagement, innovation, and sustainability, among others.

TeamLHBK from the University of Cambridge in the UK has been named the winner of the sixth annual ULI Hines Student Competition—Europe.

Although ready to commence a new real estate cycle, real estate leaders globally are braced for another challenging year of uncertainty, with lingering inflation, largely driven by factors including geopolitical instability, and persistently higher interest rates in some regions, potentially delaying a hoped-for recovery in capital markets and occupancy metrics. This is according to the Emerging Trends in Real Estate^® Global Outlook 2025 from PwC and ULI, which provides an important gauge of global sentiment for investment and development prospects, amalgamating and updating three regional reports which canvassed thousands of real estate leaders across Europe, the United States and Asia Pacific.

As buildings become more efficient and run on “cleaner” energy sources, the industry’s attention will need to include embodied carbon—emissions associated with the manufacturing and transportation of building materials, as well as the construction, maintenance and disposal of buildings.

The outlook for the European real estate market is cautiously optimistic despite growing geopolitical uncertainty and concerns about economic growth, with London, Madrid, and Paris emerging as the standout performers, according to a new report by PwC and the Institute.

According to the second annual C Change Survey, 93 percent of respondents report incorporating transition risks into their real estate investment decisions, indicating the industry’s growing awareness and commitment to integrate climate-related financial risks into decision-making processes.

The global head of corporate real estate at one of the world’s biggest banks told attendees at the 2024 ULI Europe Conference in Milan that a lack of sustainable office assets is “one of the biggest challenges” the company faces.

Although market dynamics are changing in countries across Asia, new opportunities are opening up in real estate investment

Conducted in October, the Emerging Trends in Real Estate® survey ranked Tokyo (1), Osaka (2), Sydney (3), and Singapore (4) as the four cities with the best investment prospects for the region. However, MSCI data and anecdotal reports reveal that market disparities are profoundly evident across both geographies and sectors in Asia Pacific.

A new initiative aimed at promoting low-carbon steel in China’s real estate sector has been launched, co-convened by ULI Greenprint, the World Steel Association, and the China Iron and Steel Association. This collaboration unites major real estate developers and steel manufacturers to drive the transition to low-carbon steel production, with the goal of significantly reducing emissions in Mainland China and Hong Kong. China’s steel industry plays a pivotal role in global efforts to combat climate change.

One of Singapore’s most vibrant districts demonstrates how public/private partnerships and the community can shape the built environment.

Governments, businesses, and communities need to collaborate to reduce carbon emissions to ensure that decarbonisation is not just a buzzword.

During his keynote address at the 2024 ULI Singapore Annual Conference, more than 300 participants gathered at the Parkroyal Collection Marina Bay to hear Olivier Lim, chairman of StarHub and the Singapore Tourism Board—based upon his 35 years of experience in real estate, banking, and leadership—how land and real estate shaped Singapore’s path as a nation.