Since assuming office in 2018, Assessor Fritz Kaegi has overseen the assessment of all residential and commercial properties in Cook County, the region in northeastern Illinois that includes Chicago.

Real estate economists’ outlook on the U.S. economy has improved over the past six months as economic data remain strong, and the long-predicted economic slowdown has failed to materialize. Responses to the latest semi-annual ULI Real Estate Economic Forecast survey, increasingly suggest a soft landing for the economy. In contrast, real estate market projections have declined as high-interest rates are expected to continue putting downward pressure on valuations and drag on performance in the near term.

Demand for industrial space has pushed vacancies to historically low levels. But the high tide may no longer be lifting all boats. A surge in new supply along with a growing appetite for more modern facilities is putting more pressure on the sector’s aging building stock. Legacy buildings are having a tougher time keeping up with the changing demands of today’s space users.

Neglected yet historic department store remade into a vibrant destination anchored by buzzy health food grocer Erewhon.

The economic growth and urban development of the nation’s capital were the focus of ULI Washington’s second annual Future Forum. Held on January 10 at the Johns Hopkins University Bloomberg Center, more than 200 ULI members attended the all-day gathering to hear the insights of industry leaders and participants as they addressed the future of the Metropolitan Washington Region.

For more than four decades, the Urban Land Institute has identified excellence in real estate and land use through awards that highlight projects and people. All these programs rely on the contributions of ULI members who donate their time and expertise as jurors and, often, cover the cost of their travel to support the awards.

In a general session at the 2024 ULI Spring Meeting, former U.S. Secretary of State Hillary Rodham Clinton spoke with Ralph Rosenberg, a partner and global head of real estate with KKR. Clinton, who now teaches at Columbia University, focused her remarks on what she said are the three major conflicts affecting the global economy.

Nationwide, the urgent need for more affordable housing has become crystal clear. The United States is grappling with a housing crisis, and building affordable housing has become increasingly difficult. Developers face high construction costs, ongoing supply chain issues, and skyrocketing prices for land, especially in some of the country’s largest cities. Even when a project comes together and gets financing, the process to obtain permitting, gain city approvals, and actually construct a project can take years.

When cities decline, they can take decades to recover, if they ever do. McKinsey’s research suggests that many U.S. cities could experience a steady downward trajectory without effective intervention. We find that some cities may take years to bounce back from the impact of the COVID-19 pandemic on real estate and the economy. But such a doom loop is far from inevitable; there are many examples of success that we can learn from. Indeed, while U.S. cities will differ from what they were before COVID-19, this is also an opportunity to shape them into more vibrant and equitable places.

The term “Environmental, Social, and Governance,” or ESG, has been around for two decades, first being coined by the United Nations Global Compact in 2004. However, the rise of the framework has led to increasing political backlash, with some states outright banning ESG in investment decisions.

Some commercial real estate owners face rising costs due to climate risk

Developers and hyperscalers apply myriad solutions to meet climate goals

The number of women who have joined ULI has more than doubled in recent years, from 20 percent of ULI’s nearly 28,000 members to more than 13,000 female members, which equates to 29 percent of the organization’s 45,000 members. In celebration of this growth, Urban Land is spotlighting some trailblazing women in commercial real estate, all of whom are members of the ULI Women’s Leadership Initiative. Julie Smith, chief administrative officer at Maryland-based Bozzuto and a former ULI District Council Leader, is among them.

Once overlooked as little more than open-air spaces for trailer parking, industrial outdoor storage (IOS) sites are emerging as a promising niche for their increasingly significant role in the e-commerce and logistics sectors and their potential to earn strong returns for investors.

Many populations and regions face well-documented housing affordability challenges. For college students, specifically, the lack of options located on or near campus creates an additional hurdle in achieving their higher education goals. The inability to affordably live close to school has a huge impact on their time, performance, expense, and quality of life—not to mention increased output of greenhouse gases. Perkins & Will is partnering with the University of California San Diego (UCSD), which receives the second-largest of number applications of any university, nationwide, to help those students by designing the largest on-campus housing project in the country.