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ULI MEMBER–ONLY CONTENT: Speaking at the 2021 ULI Fall Meeting, panelists discussed recent transactions in the office sector and which segments had performed the best.

Plans for chief executive officer succession at most real estate firms in the United States are inadequate and could jeopardize a smooth transition of leadership, says a new report conducted for ULI by global search and assessment firm Russell Reynolds Associates.

Plans for CEO succession at most real estate firms in the U.S. are inadequate and could jeopardize a smooth transition of leadership, says a new report by ULI and global search and assessment firm Russell Reynolds.

Global e-commerce titans, such as Google and Amazon and China’s Alibaba, are transforming customer expectations on product selection, convenience, and shopping experiences, which may lead to less demand for traditional retail real estate, Jim Tompkins, CEO of Tompkins International, told attendees at ULI’s Midwinter Meeting in Paris last week.

Walter S. Schmidt, the founder and first president of ULI in the 1930s. Schmidt conceived of an organization where the ingredients were businessmen with knowledge, experience, and a philosophy about the problems of the urban growth and decay of the American City.

According to Trepp LLC, commercial mortgage-backed securities delinquency rates increased 7 basis points (0.07%), to 9.58 percent, in December. Trepp predicts delinquencies rates could increase 75 basis points over the next six-to-12 months as the bulk of the five-year mortgages originated in 2007 mature and will require refinancing.

The United States faces a tidal wave of rental housing demand—a fact that Congress does not understand, said J. Ronald Terwilliger at the ULI Terwilliger Center for Workforce Housing Policy Symposium, held on September 21, 2011, at the Washington, D.C., headquarters of the Collingwood Group, the sponsor. But demand is just part of the problem; affordability, he said, is another issue.

It is easy to paint a black-and-white picture of China’s environmental policies. But in this book, Julie Sze is able to bring a more nuanced view. The professor from the University of California, Irvine, looks at eco-cities and explores prominent examples in China that involved global engineering and design firms.

Growth in new construction in the United States remains muted, as both business generally and real estate specifically wait for growth in the economy. The Architecture Billings Index—a proxy for future construction—declined 1.3 points to 51.6 in June while global sales of cranes have declined 16 percent from 2008’s level, with 65 percent of new sales in China.

Barclays Capital estimates that as much as 70 percent of the CMBS loans written in 2007 and maturing this year will not be able to be refinanced “easily.”