Markets
Chicago
In April, ULI Young Leaders participated in a webinar that addressed the current and future impact of artificial intelligence on the real estate industry and the obstacles and challenges to its adoption.
When the Field Building on Chicago’s LaSalle Street opened in 1932, it was a technological and architectural marvel, with high-speed elevators, drinking fountains, and even air-conditioning, a first for the city. Nearly a century later, the 1.3-million-square-foot (120,774 sq m) Art Deco landmark is a pioneer of a different sort.
A number of factors are encouraging developers to try to bring Mother Nature on as a partner. On the carrot side, some governments are offering incentives to build green. There are sticks as well, which are also helping to keep builders focused on their carbon footprint
Dallas
By using 3-D printers to build lightweight but strong plastic frameworks for conventional building materials such as concrete, builders may soon be able to create complex structures with unorthodox shapes and contours that would be difficult or even impossible with today’s construction methods, said a speaker at the ULI Fall Meeting in Dallas. And better yet, they will be able to fashion intricate, customized interiors and exteriors at no additional cost.
A new ULI program that helps office tenants design and manage their spaces to reduce energy consumption could help the real estate industry reduce emissions that are driving climate change. But at the program’s rollout at ULI’s 2016 Fall Meeting in Dallas, panelists said that the new ULI Tenant Energy Optimization Program is likely to have a more far-reaching impact than that of many previous environmental initiatives because it offers a compelling, well-documented business case that energy efficiency can generate a lucrative return on investment.
Dallas/Fort Worth International Airport is the most successful American template for how a major airport can become a core for real estate development and economic growth. Now, planning is taking it to a higher altitude.
Los Angeles
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
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.
New York City
Hundreds of events are scheduled September 22-27 for Climate Week NYC 2024, an annual event that drives climate action by those at the very top of business and politics, but also by communities, artists, and activists. This year’s theme: It’s Time. The built environment is a part of the dialogue, as are cross-sector issues like circular economy, water, finance, biodiversity, adaptation, health, environmental justice, policy, and more. With more than 600 events to choose from, it’s easy to assemble a perfect, customized itinerary for the week.
On August 14, ULI New York and the Holcim Foundation hosted a sold-out event on “Decarbonization at Scale,” a topic that has never been more critical for the future of the built environment in North America.
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.
San Francisco
BREEAM, the sustainability assessment method developed by BRE Global (‘BRE’), has announced that Mountain Technology Center—MetLife Investment Management’s development featuring five state-of-the-art manufacturing warehouses in Tracy, California—is the first U.S. development to earn BREEAM International New Construction (‘INC’) certification.
Three San Francisco developers discuss focusing on “what would work” in order to create the city’s Mission Bay mixed-use development, during the WLI session at the 2020 ULI Virtual Fall Meeting
ULI MEMBER–ONLY CONTENT: The Port of San Francisco’s 20-year, multibillion-dollar vision for the waterfront is designed to be adaptable to rising sea levels far into the future.
Toronto
What ULI members need to know to ensure that revenues support equitable decarbonization of the built environment.
A recent ULI webinar—with member speakers from ULI Toronto, ULI British Columbia, and ULI Alberta—addressed what leading real estate companies are doing to decarbonize their operations and development in anticipation of regulatory requirements.
“Cities need to grow to thrive,” Dan Doctoroff said. “But we can’t take growth for granted.” Doctoroff is the chairman and CEO of Sidewalk Labs, a subsidiary of Google parent Alphabet. Doctoroff was speaking at the 2020 ULI Europe Conference.
London
10 structures showcase the lightweight, carbon-sequestering power of mass timber.
According to the latest Emerging Trends in Real Estate® Europe report from PwC and ULI, 75 percent of real estate leaders agree current valuations “do not accurately reflect” all the challenges and opportunities in real estate, as a wedge continues to be driven between market price expectations and book valuations.
Four students from the London Business School have been announced as winners of the second ULI Hines Student Competition–Europe. The pan-European virtual real estate competition challenged teams to present their vision of a future workplace, based on the redevelopment of an office site in Amsterdam.
Paris
Given that buildings account for 30 to 40 percent of carbon emissions, the role of real estate owners, investors, and operators in reducing greenhouse gases and atmospheric temperatures cannot be overestimated.
Following a period of successful operations and subsequent decline, the Beaugrenelle shopping center in the 15th arrondissement of Paris was demolished to make way for a new-generation venue by making the most of the existing raised slab—a significant constraint left over from the utopian style of architecture of the 1970s.
Each year, ULI’s impressive lineup of global meetings kicks off in Europe with our real estate investment and development conference, held in Paris during the winter. The 2013 event, held February 5 and 6, drew more than 500 industry leaders from 24 countries around the world—reflecting a steady increase in the geographic diversity of attendees since we started hosting the meeting 17 years ago.
Hong Kong
With the Asia Pacific region comprising 4.3 billion people and many of the world’s biggest cities, the sheer scale of the sustainability challenge there is daunting. However, asset owners are increasingly using more sustainable designs and technologies to boost the performance of their assets.
As the real estate industry focuses increasingly on the mantra of carbon efficiency, owners and occupiers are scrambling to find ways to reduce carbon footprints. A recent ULI conference in Hong Kong brought together experts across a range of disciplines to discuss the migration to net zero for both new and retrofitted buildings.
ULI is excited to announce the launch of Art in Place, a global cohort of the Institute’s National and District Councils working independently and together to connect artists, developers, and community voices. The program is the next step in ULI’s ongoing commitment to creative placemaking focused on the integration of art, culture, and creativity as levers of community revitalization.
Singapore
Set against an urban landscape of concrete, steel, and glass in Tanjong Pagar, Singapore’s central business district, Oasia Hotel Downtown (OHD) stands out with its red silhouette clad in lush greenery. An integrated hotel/office development comprising a 27-story, 314-room business hotel and 100 new-age offices, OHD responds to the government’s vision for the precinct earmarked as the island’s next waterfront city with a mix of business, commercial, and residential activities.
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.