Property Types
Hotels and Resorts
The Colorado Convention Center is one of the country’s busiest meeting venues. The work of a ULI Advisory Services panel played a significant role in Denver’s decision to build the convention center. But it had a humble and fractious start.
Risk, other than literally, is not a four-letter word when investing in Asia real estate. Risk is a fact-of-life that needs to be constantly assessed on the ground, a trio of experts said at a session on Asia real estate capital markets.
Resort developers and operators took a hit during the recession, but are making a cautious comeback, according to a panel at ULI’s Fall Meeting.
Industrial
The government’s data center consolidation efforts, cloud computing initiative, and budget constraints are creating opportunities for private data centers, attendees at one Bisnow Media event learned.
In its transition from an industrial economy to a knowledge-based one, Kendall Square in Cambridge, Massachusetts, has become the most robust innovation-based cluster in the nation—if not the world.
Medical clusters—health and life sciences clusters that include hospitals, universities, research institutions, and life science companies—can be a boon for communities, such as Lake Nona in Florida.
Mixed-Use
James Rouse’s visionary development is 50 years old. The process of urbanizing its town center may create a model for other suburban developments.
With roughly 58,000 people moving to the city of Tampa in 2016 alone, the region stands out as an example of accelerating U.S. growth. Water Street Tampa will give an urban facelift to Tampa’s skyline and double the downtown area in size.
At a recent ULI Cincinnati event, panelists agreed that a midsize market like Cincinnati needs cooperation between the public and private sectors to move things forward.
Multifamily
Eight years ago, the landmark Paris Agreement kicked off a worldwide campaign to reduce carbon emissions. The targets set were big: slash emissions by 45 percent by 2030 and be net zero by 2050. So far, the world is not making enough progress on those lofty goals, and the progress that has been made has been very unevenly distributed. Experts from major real estate firms, including Boston Properties, CBRE, and Community Preservation Corporation, drove home the net zero transition’s importance during a panel discussion at the 2024 ULI Spring Meeting in New York City. They talked about the costs of getting to net zero, what lenders and owners are doing to get there, and the risk of not addressing climate change.
It’s tough to view a strong economy as bad news. Yet a firmly positive economic projection in ULI’s Real Estate Economic Forecast does not bode well for commercial real estate participants who are hoping for relief in rate cuts from the U.S. Federal Reserve.
What does it take to secure debt in today’s challenging commercial real estate environment? It all boils down to experience, relationships, and a lot of creativity. That’s according to an expert panel speaking this morning at ULI’s spring meeting at the New York Hilton Midtown. The panel is the first in a series of three, which will include Raising Equity (10 a.m. Wednesday) and Borrowers’ Experiences—Recent Success Stories (10 a.m. Thursday).
Office
The strain of higher interest rates is creating sleepless nights for some commercial real estate owners and operators these days. On the flip side, there is significant capital eagerly lining up to take advantage of market dislocation.
Many office property owners are heading for the exits amid weaker demand and looming debt maturities, while opportunistic private equity groups are leaning in to capture what could be once-in-a-generation buying opportunities.
Hollywood and the film industry has changed dramatically over the last several decades, especially in recent years with the rise of streaming networks.
Residental
The New York City Housing Authority and the Philadelphia Redevelopment Authority have been selected by the ULI Terwilliger Center for Housing as the joint winners of the 2019 Robert C. Larson Housing Policy Leadership Award, which is an annual recognition of the innovative ways that the public sector is addressing the country’s affordable housing crisis. The winners, selected by a jury of nationally renowned housing industry leaders, were announced today during ULI’s 2019 Fall Meeting in Washington, D.C. Terwilliger Center Founder and former ULI Chairman J. Ronald Terwilliger served as the jury chairman.
Plaza Roberto Maestas in Seattle; the Lindley in Bethesda, Maryland; and the Watson in Quincy, Massachusetts, have been selected as the ULI Terwilliger Center for Housing’s 2019 Jack Kemp Excellence in Affordable and Workforce Housing Award. The annual award recognizes best practices in the development of housing that is affordable to people with a broad range of incomes. Developments eligible for the award are those in which all or a portion of the units are affordable to households earning up to 120 percent of the median income in the areas in which the projects are located.
A light-gauge steel structural system allows an apartment building to rise 12 stories above five parking levels in Atlanta.
Retail
As aging retail continue to evolve, one increasingly popular trend has been to redesign malls as town centers—recalling a time when such commercial districts were the heart and soul of a community. Mall–to–town center retrofits are emerging throughout the nation, especially in suburban communities, where pedestrian-friendly, mixed-use environments are highly attractive to millennials now raising families.
Consumers have kept a steady foot on the gas this year. A record-high 197 million consumers shopped in stores or online over the Thanksgiving holiday weekend, according to the National Retail Federation (NRF). The NRF forecasts that holiday sales will grow between 2.5 percent and 3.5 percent, with total retail spending in the United States falling between $979.5 billion and $989 billion during November and December. That forecast also is consistent with NRF’s annual U.S. sales growth—between 2.5 percent and 3.5 percent—for 2024.
After a quiet first half of 2024, CMBS originations increased 59 percent in Q3 on a year-over-year basis, according to the Mortgage Bankers Association’s Quarterly Survey.