News
In September, ULI hosted subject matter experts on the potential impacts of the Inflation Reduction Act on the commercial real estate industry. Panelists discussed the tax incentives, deductions and credits geared to encourage building owners to deploy clean energy and energy efficiency projects and how various sectors and industries plan to participate in this opportunity.
Total commercial and multifamily mortgage borrowing and lending are expected to fall to $766 billion this year, down 14 percent from 2021 totals. This is according to an updated baseline forecast released today by the Mortgage Bankers Association.
Rising interest rates have not derailed a steady pipeline of merger and acquisition activity in commercial real estate—at least not yet. The sector has seen a number of mega-mergers announced this year but not well above the historical average.
In a recent webinar hosted by ULI’s Urban Resilience program, panelists reflected on their experiences implementing physical climate-risk assessments in their businesses. The webinar highlighted how to leverage the report’s findings on physical risk data analytics products to better evaluate climate risk in the land use industry.
Kartini Omar is group director of parks development and Jurong Lake Gardens at the National Parks Board of Singapore. This interview was conducted in June as part of a series designed to celebrate park visionaries and share inspiring and practical insights into their perspectives, challenges, and advice.
The $99.5 billion increase in commercial and multifamily mortgage debt outstanding in the second quarter was the second largest quarterly rise since the inception of MBA’s data series in 2007.
Across the Trinity River from downtown Dallas, Oak Cliff is one of the city’s oldest areas, dating back to the 1880s. In its heyday, it contained stable, diverse neighborhoods, including what is now one of the nation’s few intact freedmen’s towns, the 10th Street Historic District. Attendees of ULI’s 2022 Fall Meeting in Dallas can tour new developments that are transforming this area with an eye toward equity.
According to the 2022 Global Cryptocurrency Adoption Index, four of the top five countries for cryptocurrency adoption are emerging markets, with the United States listed in fifth place.
In early August, Urban Landasked readers how their organizations are adapting to the evolving landscape of COVID-19. 100 percent of the respondents said they were going into the office at least one day a week, with 37.5 percent saying they are back full time in the office.
U.S. President Joe Biden has announced $2.3 billion to help build infrastructure that can withstand extreme weather and natural disasters. Tens of millions of people in the United States were living under heat warnings as temperatures hit record highs in the United Kingdom.
ULI/Randall Lewis Health Mentorship participants gathered at the 2022 ULI Spring Meeting for health and sustainability-related forums and tours, including ULI’s Building Healthy Places Forum.
Entegrity Energy Partners—an energy services, sustainability, and solar development company—developed a net zero commercial office space for company use, along with 28 market-rate apartments in downtown Fayetteville, Arkansas.
The Dodge Momentum Index increased less than one percentage point in June to 173.6 from the revised May reading of 173.1, pushing the measure to a 14-year high.
Clare De Briere, executive vice president and regional manager in Los Angeles for Skanska USA Commercial Development, has been appointed chair of ULI’s Americas Executive Committee. She will serve on a voluntary basis for a two-year term starting July 1, and has also joined the Institute’s Global Board of Directors.
New research quantifies the dire impacts of climate-driven drought and flooding on the world’s largest cities and their residents.
ULI and Hines, the global real estate firm, have announced details about the finalist teams and the jury for the third annual ULI Hines Student Competition – Europe. Six multidisciplinary teams have been selected from a range of applications from across Europe to participate in this prestigious student competition for integrated and multidisciplinary urban regeneration. The teams have been drawn from an eclectic mix of universities, business schools, and other education establishments to encourage diversity in the real estate sector.
ULI announced that it will be expanding its Asia Pacific footprint to include Vietnam. To align with its ambitions to grow its presence and membership and establish a locally led council of industry experts, the Institute has formed a ULI Vietnam committee.
There’s a strong business case for including renewable energy assets in real estate development plans, according to a new ULI report. Investments in renewable energy have the potential to unlock billions in new real estate value, helping owners reduce long-term energy costs and in many cases generate supplemental income from their existing assets. Renewable Energy Strategies for Real Estateis the latest report from ULI’s Greenprint Center for Building Performance.
Real estate economists predict solid performance by U.S. property markets over the next three years, according to the spring 2022 ULI Real Estate Economic Forecast. This is in spite of predictions of rising inflation and slower economic growth as a result of the Russia/Ukraine conflict and other developments. While the real estate–related components of the forecast are generally positive, contributing economists downgraded near-term economic growth and predicted significantly higher inflation and interest rates during the forecast period (2022–2024) compared with the prior forecast.
The ULI Greenprint Center for Building Performance announced that five more of its real estate members have aligned to Greenprint’s net zero carbon operations goal. These real estate leaders join the 25 ULI Greenprint members that have already adopted this goal to reduce the carbon emissions of their collective portfolio under operational control to net zero by the year 2050.
This year, Earth Day commemorates a theme that resonates with the work of ULI and its global membership: Investing in Our Planet. The theme reflects many evolving factors influencing public and private sector investment decisions pertaining to climate change.
A redevelopment plan for an Oakland, California site presented by a team comprised of students from the University of Texas at Austin has taken top honors in the 20th annual ULI/Gerald D. Hines Student Urban Design Competition. The ideas contest provides graduate students the opportunity to devise a comprehensive design and development scheme for a large-scale site in an urban area.
Twenty-nine professionals in real estate development, planning, design, engineering, finance, and public health from across the globe have been selected to participate in the fifth cohort of the Health Leaders Network—designed to empower real estate and land use professionals with the skills, knowledge, and networks to improve health and equity outcomes in their professional practice and communities.
The Building Healthy Places Initiative has announced the participants in the fifth cohort of the ULI/Randall Lewis Health Mentorship Program, which is supported by ULI Foundation governor Randall Lewis
During the 2022 ULI Housing Opportunity Conference, a panel discussion on “Getting Residential to Net Zero” began with real estate professionals sharing profiles of net zero projects, followed by a passionate discussion on the urgency to get real estate to net zero.
Applications for U.S. apartments from renters of all generations increased by an average of 10 percent year over year from 2.9 million applications in 2020 to 3.2 million in 2021, according to Yardi’s RentCafe. The increase in activity was mainly driven by the youngest renter group, the oldest of whom are 25 years old.
Washington, D.C.–area real estate investment trust JBG Smith has broken ground on two new outdoor placemaking destinations in Northern Virginia’s National Landing. The area will eventually be home to Amazon’s HQ2.
An innovative pilot internship program aimed at advancing diversity in the commercial real estate industry is on track to launch its first cohort of students into paid 10-week learning and mentoring opportunities this summer at some of the nation’s leading REITs. Known as Foundations: REITs and Commercial Real Estate Internship Program, the program is a joint initiative of ULI, the National Association of Real Estate Investment Trusts, and Fannie Mae’s Future Housing Leaders.
According to Real Capital Analytics, acquisitions of U.S. commercial property by overseas investors rebounded sharply in 2021, with investment concentrated on the apartment and industrial sectors. Cross-border deal volume totaled $70.8 billion in 2021, almost double the 2020 level.
The ULI/Randall Lewis Health Mentorship Program allows students to learn about the Institute, develop relationships with members, and deepen their understanding of opportunities to advance health through careers in the land use industry. Here, mentees share their top takeaways for health and social equity in real estate from the 2021 ULI Fall Meeting.
