News
Asia’s largest investors are becoming increasingly selective when it comes to acquisitions in Europe and the United States and are looking more to their home markets. That was the view of one of Asia’s leading investment managers and other experts speaking at the ULI U.K. Annual Conference 2017.
Japan’s aging population is well documented, but a drain of population from provincial and rural areas to the cities has also occurred. ULI Japan’s Spring Conference, held in Tokyo’s Nihonbashi Hall, included a panel of exerts examining how real estate, technology, and the sharing economy could boost ailing areas through tourism.
Driverless cars will have an even greater disruptive impact on society than elevator did more than a century ago, as soon as public fear gives way to acceptance, said panelists at the ULI Washington Real Estate Trends Conference.
Cities are recognizing the risks associated with rising water levels, natural disasters, and potential epidemics. During ULI Washington’s recent Real Estate Trends event, panelists discussed the business case for employing sound methods and practices to create healthier, safer building environments.
As job growth in the professional services sector has increased substantially over the past several years, office real estate investment trusts (REITs) have benefited from strong leasing fundamentals. However, more office construction and oversupply concentrated in major metro areas such as New York City, Houston, and Washington, D.C., continue to concern those in the market. Plus, interest rate survey data from Trepp.
ULI has selected Kevin Brass as the recipient of the 2017 ULI Apgar Urban Landaward, which recognizes industry articles of practical value published in Urban Landmagazine, the Institute’s flagship publication. Brass was selected for three articles published in 2016: “Before It Runs Off,” which appeared in the May/June issue; “Drawing People In,” published in the January/February issue; and “Rerouting the Trinity River,” published in the September/October issue.
Affordable and workforce housing policies and initiatives put in place by the governments of Washington, D.C.; Boston; Denver; and New York City have been selected as finalists for the 2017 ULI Larson Housing Policy Leadership Award
Hong Kong remained the world’s highest-priced office market last year, according to CBRE Group’s latest survey. Four of the top five fastest-growing markets for prime office rent were in Europe, with Stockholm, Berlin, and Dublin joining Belfast on the list.
Real estate investment trusts that specialize in the multifamily sector, particularly those with an exposure to the high-end sector in New York City, continue to struggle in the face of new construction. Plus, interest rate survey data from Trepp.
Seattle developers are trying to keep pace with the demand for urban living with an explosion of new multifamily projects.
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