The new members of ULI’s Americas Executive Committee are Clare De Briere, founder, C+C Ventures in Los Angeles and chairman of ULI Los Angeles; Sharmil Modi, principal, Modi Adventureprises, Boston; Daniel Neidich, chief executive officer, Dune Real Estate Partners LP, New York City; Leslie Woo, chief planning and development officer, Metrolinx, Toronto; and Jonathan Brinsden, chief executive officer, Midway Companies, Houston.Read More
Prime logistics rents increased globally during the 12 months ended March 31, accelerating their growth in many markets due to strengthening economies around the world and greater demand for distribution of goods bought both online and in stores, according to a report from CBRE. Prime rrents increased by 3.2 percent across the globe in this year’s first quarter from a year earlier, exceeding the previous 12-month period’s 2.2 percent global increase.
According to a survey by RCLCO, sentiments about the real estate conditions in the U.S. remain at a relatively high level, but slightly below where they were six months ago. Just over one-half (51 percent) of RCLCO’s Mid-Year 2018 Sentiment Survey respondents say U.S. real estate market conditions are moderately or significantly better today than they were 12 months ago, five percentage points lower than in the year-end 2017 survey.Read More
Five real estate industry leaders have been added to the ULI Global Board of Directors, serving terms that began July 1. In addition, 26 industry luminaries and leading ULI members have been added to the roster of ULI’s Governing Trustees, who provide leadership in member advancement of the Institute’s mission.Read More
Nicholas Brooke, an acclaimed authority on land administration and planning matters, and one of Hong Kong’s most widely recognized champions of innovation and technology, has received dual recognition from ULI in being selected as the new chairman of the Asia Pacific region and the first ULI Life Trustee from Asia Pacific.
Jürgen Fenk, member of the Group Executive Board of SIGNA Group, has been named the new chair of ULI Europe. Fenk, who succeeds Jon Zehner, global head of the client capital group for LaSalle Investment Management, will serve on a voluntary basis for a two-year term. A member of ULI for over a decade, Fenk has just completed a four-year term as chair of ULI Germany, ULI’s second largest national council in Europe. He is also currently a Global Governing Trustee, a member of ULI Europe’s Executive Committee, and serves on ULI’s Global Board of Directors.
A new report, Supporting Smart Urban Development: Successful Investing in Density, is the result of collaboration between a powerful group of innovative real estate investors and developers that are actively building the cities of the future. Collectively, this group owns or manages over US $300 billion worth of real estate assets worldwide.
With property in high demand in Berlin—it had the largest year-over-year real estate price increase of any city in the world last year—it makes more sense than ever to look up for new opportunities. A number of developers have found success (or are hoping for a top return) from add-on projects atop existing structures in Germany’s capital.
One of ULI’s longest serving Life Trustees and renowned industry expert Stan Ross, Chairman Emeritus of the University of Southern California’s Lusk Center for Real Estate and Distinguished Fellow of the university’s School of Policy, Planning & Development, passed away June 10. He was 82.
The Dodge Momentum Index eked out a small gain in May, moving 1.8 percent higher to 167.8 (2,000=100) from the revised April reading of 164.9. May’s gain was the result of a 4.7 percent increase by the commercial component of the Momentum Index, while the institutional component fell 2.4 percent.