Markets
Urban Land Magazine covers all of the major commercial real estate markets and property types. Some of the largest include Dallas-Fort Worth, Los Angeles, San Francisco, Chicago, and New York City. ULI also hosts two meetings per year for its membership in many of these cities, with upcoming meetings in Nashville and Miami in 2026.
Chicago
After nearly eight years, workers are returning to a former General Electric factory in Fort Wayne. A complex financial package helped create a new home for one of Indiana’s largest employers at this postindustrial site in the U.S. Midwest.
Internationally acclaimed Chicago architect and Studio Gang founder, known for bringing a sustainable approach to tall buildings, to receive the prestigious ULI Prize for Visionaries in Urban Development.
Investors who specialize in “deconverting” condo properties back into rentals are finding opportunities. But the deals take patience and fortitude.
Dallas
The COVID-19 pandemic made 2021 a historic year for the shipping and logistics industry, as rising e-commerce sent large retailers and general merchandisers scrambling for warehouse space to hold their inventory, supply-chain issues delayed shipments, real estate developers strained to keep up with demand, and local governments struggled to issue permits quickly with employees working from home.
Alternative lenders increased their market share in the commercial real estate debt sector in 2018, panelists said at a ULI North Texas event in March. That trend is likely to continue this year as competition among all types of debt providers heats up capital markets.
Texas markets are meeting a healthy demand for multifamily housing from millennials who are reaching renting age and baby boomers who are downsizing, while attracting investment from around the United States. At a recent conference, speakers said that fundamentals were generally strong with higher cap rates possible in tertiary markets such as Midland-Odessa, Waco, and Lubbock.
Los Angeles
The creation of public space from unused, underused, or unequally shared linear spaces in urban areas has been happening for a long time. Major reference points in the architectural and planning worlds are Boston’s Emerald Necklace, designed by Frederick Law Olmsted (1878–1896); Freeway Park in Seattle (1972-1976); the Baltimore Inner Harbor (1963–1983); the Promenade Plantée in Paris (1987-1994); and the High Line in New York (2005–2019).
A professional self-certification program could dramatically boost the recovery effort
Experts suggest more comprehensive soil testing to ensure wildfire victims can safely return home
New York City
The ULI Terwilliger Center for Housing has announced two winners for this year’s Jack Kemp Excellence in Affordable and Workforce Housing Award, as well as two winners for the Terwilliger Center Award for Innovation in Attainable Housing.
Obsolete buildings will constitute up to 50 percent of all new housing in cities
The term “Environmental, Social, and Governance,” or ESG, has been around for two decades, first being coined by the United Nations Global Compact in 2004. However, the rise of the framework has led to increasing political backlash, with some states outright banning ESG in investment decisions.
San Francisco
From resilient parks to bold adaptive reuse, this year’s winners redefine urban innovation and community impact across the Americas
UrbanPlan is a hands-on simulation used to empower participants to shape the future of their built environment by more fully understanding the complex dynamics of urban development and the market and nonmarket forces that shape it. Established 21 years ago in collaboration with the Fisher Center of Real Estate and Urban Economics at the University of California, Berkeley, UrbanPlan was piloted in the Bay Area as a curriculum for high school and university students. The program now includes a variety of formats, including workshops for public officials and community members, and hosts programs throughout the United States and Canada, Europe, Asia and the United Kingdom.
In a world increasingly driven by environmental concerns and economic realities, the movement for sustainable commercial real estate has only gained momentum, despite shifting political tides.
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.
A half century or more into their service life, the need to retrofit and revitalize postwar apartment towers across Canada has never been more critical. Compounding the growing inequities laid bare by the COVID-19 pandemic, much of the purpose-built rental housing is in need of renewal. Retrofitting costs—as well as financing retrofits while maintaining housing affordability—continue to be a primary barrier.
London
Preserve will enable the consistent assessment and measurement of climate transition impacts in real estate investment models.
A team from ESSEC Business School in France has been named the winner in this year’s prestigious ULI Hines Student Competition – Europe. The results were announced by ULI and Hines, the global real estate investor, developer, and property manager, following the final of the fifth annual pan-European competition for integrated and multidisciplinary urban regeneration.
Despite the monetary headwinds and continued economic uncertainty around the world, there is a strong belief that the global real estate industry is at a “pivot point,” with improving prospects ahead for renewed investment activity, according to the latest Emerging Trends in Real Estate® Global Outlook 2024 from PwC and the Urban Land Institute.
Paris
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.
New lending by European banks is likely to remain strictly conservative, limiting liquidity for the European property market.
Hong Kong
The Dasha River Ecological Corridor focuses on the ecological restoration project in the Nanshan district of Shenzhen, China. The project, led by China Resources Land and master planned by AECOM, aims to restore the watercourse that connects the coastal Nanshan district to the northern mountainous area of the city.
ULI Asia Pacific report builds the business case.
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.
Singapore
Rooftops designed to facilitate drone deliveries, whole floors in residential blocks dedicated to coworking or community spaces, and mobile supermarkets were among the futuristic concepts discussed at the 2022 ULI Singapore Annual Conference.
Technology is paving the way for a segment of investors, many of whom are “digital natives,” to explore real estate as an additional part of their investment portfolio and participate financially in the real estate sector like never before, said panelists speaking at the 2021 ULI Singapore Annual Conference, held both virtually and in person in early March.
The cover package for the 2019 Asia Pacific special issue is titled “Finding Balance: The quest for smart buildings, smart tourism, and smart climate strategies.” Other topics include “South Korea: Heritage at Jeonju Hanok Village,” “ China: Intercontinental Shanghai Wonderland Hotel,” “Thailand: Dealing with Bangkok’s Climate Challenge,"and “Interview: Chairman Nicholas Brooke.” This special issue will be available at the ULI Asia Pacific conference in Shanghai and mailed to ULI members in Asia.