News
In choosing the title for this book, Gabe Klein, best known as the former head of the city departments of transportation in Washington, D.C., and later Chicago, refers to the entrepreneurial mentality that public sector workers can bring to government.
The Chicago-based nonprofit Center for Neighborhood Technology (CNT) and New York City–based TransitCenter unveiled an interactive transit tool in April that maps the access, quality, and use of transit across 371 cities in the United States, aggregating and mapping data from 805 transit agencies, 15,070 routes, and 543,787 bus and rail stops nationwide.
Real estate investment trusts pulled back in April amid mixed news on interest rates and first-quarter earnings. REIT merger and acquisition activity is on the upswing, and the first REIT initial public offering of the year also occurred, as MGM Growth Properties raised $1.05 billion. Plus, interest rate survey data from Trepp.
Philadelphia is a city of neighborhoods—as are many other cities. But only Philadelphia can boast a human-scale walkable layout planned by William Penn more than three centuries ago.
The big picture in transportation and real estate trends is the growth of multiple transportation modes, shared uses of bikes and cars, and enormous expansions of bike infrastructure that are driving real estate investments and urban growth, according to experts who spoke at a 2016 ULI Spring Meeting session in Philadelphia recently.
American cities seeking to reinvent themselves can do so by using creative financing, among other tools, according to a panel of experts at the 2016 ULI Spring Meeting in Philadelphia. The panel also served as the launch event for the new ULI publication Reaching for the Future: Creative Finance for Smaller Communities.
Preparations are already underway in Dallas for the 2016 ULI Fall Meeting, which the city will host October 24–27. A high-profile session will feature Roger Staubach, executive chairman of JLL Americas and former Dallas Cowboys star quarterback, who forged a highly successful career in real estate following his retirement from the National Football League in 1980.
At ULI’s 2016 Spring Meeting in Philadelphia, three developers explained how increasingly crowded downtown markets are driving denser waterfront projects at marginally built-out sites in inner-ring suburbs. As Jim Tinson, CEO of Hart Howerton, said, his company was honing innovative ways “to unlock the waterfront’s potential.”
ULI has selected Patrick J. Kiger as the recipient of the 2016 ULI Apgar Urban Land Award, which recognizes industry articles of practical value published in Urban Landmagazine, the Institute’s flagship publication.
Vacancy in the U.S. office market inched up by 10 basis points (bps) during the first quarter of 2016 (Q1 2016), rising to 13.2 percent, according to the latest analysis from CBRE Group Inc. Even with the increase, the national office vacancy rate remains at the lowest level since 2008.