News
While Japanese cities are often known for large-scale development projects, such as Roppongi Hills or Tokyo Midtown, architects and smaller developers are keen to build on a more human scale. At ULI Japan’s fall conference, which took place in Tokyo in November, two discussion panels considered how the Japanese market will develop over the next two decades.
Soaring rents have seen London’s New Bond Street rise to become the world’s third most expensive retail street, according to a report by Cushman & Wakefield. The annual Main Streets Across The Worldreport, now in its 29th edition, tracks 451 of the top retail streets around the globe and ranks the most expensive in 68 countries by prime rental value using proprietary data.
Japan’s investment market is set fair for the future, with “the world’s most favorable borrowing environment” and increasing institutional demand for real estate. A panel of international investors discussed the 20-year outlook at the ULI Japan Fall Conference, which took place in Tokyo in November.
In many ways, ULI’s history in Japan is the history of that nation’s institutional real estate market, setting up shop in 1997, following the first opportunity funds that came to buy nonperforming loans in the 1990s and has grown to the present day, when a new wave of foreign core funds have begun to invest in Asia’s largest real estate market.
Trading Up: Dining, Leisure, Amenities, and the New Shopping Centreis the second report from the ULI Retail and Entertainment Council to look at the role that food and beverage (F&B) and leisure have in supporting shopping centers as they adapt to retail sales moving online. This year, the research extends that topic to consider how the addition of community amenities is also emerging among shopping center owners.
ULI Toronto and PwC hosted a trends event to present the latest findings for Toronto and the rest of the Canadian market, including a keynote by Andrew Warren, director of real estate research for PwC.
For any participant in the U.S. real estate market, failing to understand and interact with capital from the Asia Pacific region is not a viable strategy, Marc Renard of global firm Cushman & Wakefield said during a forum at the 2017 ULI Fall Meeting.
A recent study has added a new value proposition for energy efficiency in commercial buildings: efficient buildings are less likely to default on their mortgages than their more energy-intensive peers.
ULI and the National League of Cities (NLC) have announced that mayors from four cities—Columbus, Ohio; Richmond, Virginia; Salt Lake City, Utah and Tucson, Arizona—have been selected as the 2018 class of Daniel Rose Land Use Fellows by the Rose Center for Public Leadership.
Framing lumber prices could be approaching the highs of the housing bubble by next spring, according to data from the National Association of Home Builders. Random Lengths prices are up 22 percent from a year ago, and CME futures are up about 19 percent year-over-year.