News
The Wabash Building is an expansion of Roosevelt University’s Chicago campus. Located on a small midblock site of 17,500 square feet (1,600 sq m), the “vertical university” comprises 420,000 square feet (3,900 sq m) of mixed-use space, including classrooms, lecture halls, and a 632-bed student residential space.
With the vote on San Francisco’s waterfront height limit resolved last week, it’s time for residents to move on to more pressing waterfront issues: namely, rising sea levels.
The Trepp survey for the week ended June 6 showed spreads widening 3 to 5 basis points and the implied ten-year commercial real estate mortgage rate for institutional properties remaining at 4.00+/- percent. Year-to-date, the implied rate continues to hover near historical lows, declining 51 basis points since January 1, 2014.
I am very pleased to report that ULI’s recent Spring Meeting in Vancouver was an extraordinary success.
Once again, ULI will crowdsource a session for this year’s Fall Meeting in New York City. Using the ULI Meeting Idea Generator, participants can suggest topics and vote for their favorites. In 2013, a panel on the use of micro-units and the shared economy was named the winner.
In a new report by Smart Growth America, Dangerous by Design 2014highlights the growing awareness of pedestrian safety issues.
According to the Switzerland-based Institute for Management Development (IMD), Singapore has joined the United States and Switzerland as one of the top three most competitive nations, followed by Hong Kong, Sweden, and Germany.
Following rumors about a venture capital round that would put Uber’s valuation at more than $10 billion, ULI senior visiting fellow Gabe Klein was on Bloomberg TV’s Street Smart to talk about Uber, car-free households, and other startups.
The new generation of commercial mortgage–backed securities, referred to in industry parlance as “CMBS 2.0,” has seen its first defaults. According to Fitch Ratings, six conduit loans with a total balance of $54.1 million and three loans in agency transactions totaling $20.8 million went more than 60 days past due.
Following rumors about a venture capital round that would put Uber’s valuation at more than $10 billion, ULI senior visiting fellow Gabe Klein was on Bloomberg TV’s Street Smart to talk about Uber, car-free households, and other startups.