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It’s been over a decade since the U.S. Energy Star Portfolio Manager benchmarking tool has updated its dataset for scoring energy and water performance of multifamily assets—and Fannie Mae has launched a survey to address that.

Asia Pacific asset owners are just beginning to grapple with decarbonization and how to factor transition and climate risks into their valuations; even so, some markets and investors are already ahead of the pack. This topic was discussed as part of a recent ULI Asia Pacific webinar, part of a series looking at decarbonization.

In St. Paul, Minnesota, the 386 Wabasha Avenue building was originally erected in 1971 and occupied by service company Ecolab for more than 40 years.

ULI is pulling together industry leaders from across the United States and Canada to advance the analysis of transition risk, which refers to the business risks associated with climate change and the transition to a low-carbon economy. The Carbon Risk Real Estate Monitor (CRREM), ULI, and the Lawrence Berkeley National Lab are partnering to create more granular curves for the U.S. and Canada.

The senior housing occupancy rate increased 0.3 percentage points from 82.9 percent in the fourth quarter of 2022 to 83.2 percent in the first quarter of 2023, according to data from NIC MAP Vision released by the National Investment Center for Seniors Housing & Care. The occupancy rate has increased 5.4 percentage points overall from a pandemic low of 77.8 percent in the second quarter of 2021 but remained 4.0 percentage points below the pre-pandemic high of 87.2 percent in the first quarter of 2020.

Avison Young CEO Mark Rose shares how changes in work patterns, the rise of hybrid and remote working, new space usage trends, and the ever-increasing effects of e-commerce on physical brick-and-mortar retail are driving the need for adaptation and creative utilization.

The Real Estate Economic Forecast, produced by the ULI Center for Real Estate Economics and Capital Markets, is based on a survey conducted in April 2023 of 41 economists and analysts at 37 leading real estate organizations. According to the survey, the U.S. economy will slow in 2023 and 2024, with recovery expected to begin in 2025. The real estate market will follow suit, with flat to negative results over the next two years, followed by mostly positive news in 2025.

Participants in a recent ULI webinar highlighted a new research report, Bridging the Occupier Landlord Gap for the Future of Workspace, which analyzes how changing occupier behavior and broader macroeconomic trends are affecting the demand for office space.

Given a marked flight-to-quality and declining demand for office space overall, older office assets are increasingly being converted to other uses.

Marshall Bennett Institute of Real Estate was awarded first place in the graduate division of the 13th annual Harold E. Eisenberg Foundation Real Estate Challenge, which culminated with final presentations in April at the offices of Holland & Knight, 150 N. Riverside Plaza in Chicago.