Topics
Capital Markets and Finance
In early April 2024, Small Change, an investment crowdfunding platform for real estate development with social impact, and Boston Real Estate Inclusion Fund (BREIF) jointly announced an investment opportunity in a $430 million life sciences building under development by Related Beal. The property—at 22 Drydock Avenue, in Boston’s Seaport District—is slated to be the city’s first life sciences building to achieve LEED Platinum and net-zero carbon emissions.
The global head of corporate real estate at one of the world’s biggest banks told attendees at the 2024 ULI Europe Conference in Milan that a lack of sustainable office assets is “one of the biggest challenges” the company faces.
In May, Barry Sternlicht capped investors’ ability to exit his $10 billion real estate fund—a strategic move to avoid a fire sale of properties at a less-than-ideal time. Sternlicht lowered the limit on monthly withdrawals from Starwood Real Estate Income Trust (SREIT). That limit, previously 2 percent, went to 0.33 percent of net asset value (NAV), the value of SREIT’s assets minus its debt.
Design & Planning
Renowned U.S. architect opens up about his extraordinary career in China and the U.S.
ULI San Francisco recently hosted a panel revisiting the recommendations made by ULI Advisory Servies panelists to revive the downtown and highlighting the progress that has been made.
1933 postal distribution center made over for indoor/outdoor office and Manhattan’s largest rooftop park
Development and Construction
Debra March, the two-time Mayor of Henderson, Nevada’s second-largest city, has been named as the chair of ULI Nevada for a two-year term. March will also speak about her leadership at the 2024 ULI Fall Meeting in Las Vegas.
The National Retail Federation’s Hot 25 Retailers ranks the nation’s fastest-growing retail companies. Rankings are determined by increases in domestic sales between 2022 and 2023; all retail companies with global sales in excess of $2 billion, and key format leaders were eligible. 
Las Vegas is betting on significant investment in public transportation to help generate thousands of new real estate developments along major city streets such as Maryland Parkway, one of the city’s most important corridors outside of the Las Vegas Strip.
Resilience and Sustainability
10 projects model ways to prepare the built environment for climate stresses and shocks
It’s no secret that insurance costs for commercial real estate have been rising significantly for many property owners across Europe, which, in turn, affects net operating incomes for many of them. Many factors are at play to explain the surge in higher premiums, including expensive and scarce reinsurance, inflation, and regulatory restrictions.
A recent ULI member–exclusive webinar titled “Climate Risk & Insurance: Is the global real estate sector entering an insurability crisis?” addressed the rising cost of property insurance premiums, impacts on commercial real estate, and strategies for protecting long-term profitability.
Issues and Trends
Divyabahen grew up in Ramapir No Tekro, an area of Ahmedabad in northwest India. Labeled a “slum,” it sits on land formally owned by the city. After getting married, Divyabahen lived with her husband’s family for a short time before they looked for a place of their own. Unable to afford to rent or buy a home, they built a small house on public land along a creek near Divayabahen’s childhood home. They enjoyed living under the large shade trees, with space around them and extended family nearby.
The former head of the European Commission told ULI real estate leaders that global tensions will continue to shape their day-to-day decisions.
From the Institute’s iconic Emerging Trends in Real Estate® United States and Canada 2024—to in-depth reporting on distressed debt and opportunities, the rise of industrial outdoor storage, and the “YIGBY” movement (“Yes, In God’s Backyard”), this ranked list reflects Urban Land magazine readers’ top choices for the first half of the year.
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