Potential trouble brewing in a sector that has been viewed as relatively bulletproof multifamily sector is concerning. But while stress is very much real, industry participants are quick to point out that the overall foundation for multifamily remains strong. “The cracks that we’re seeing are not structural; they’re superficial,” says Vincent DiSalvo, chief investment officer at Kingbird Investment Management, a family office investment firm specializing in multifamily.

Despite the monetary headwinds and continued economic uncertainty around the world, there is a strong belief that the global real estate industry is at a “pivot point,” with improving prospects ahead for renewed investment activity, according to the latest Emerging Trends in Real Estate^® Global Outlook 2024 from PwC and the Urban Land Institute.

For months, if not years, panic-inducing headlines have lamented the existential crisis facing the U.S. office market as a “wall of maturities” looms: $2.2 trillion of commercial real estate debt coming due between now and the end of 2027, according to Trepp estimates.

Paris mayor Anne Hidalgo, known for reinventing Paris as a 15-minute city, to receive the prestigious ULI Prize for Visionaries in Urban Development.

10 structures showcase the lightweight, carbon-sequestering power of mass timber.

At the 2023 ULI Fall Meeting in Los Angeles (L.A.), attendees had the opportunity to tour Hollywood Park in Inglewood California, a 298-acre location of sports, entertainment, parks, retail, and residential space, which includes the famous SoFi Stadium. Hollywood Park, formerly Hollywood Park Racetrack, is currently being converted into a mixed-use master-planned community highlighting the architectural and lifestyle of Southern California

One of New York City’s busiest corridors is set for one of its biggest transformations in years. The area around Manhattan’s Penn Station has long been considered a sore spot for the city, as top-tier retail stores moved to more flourishing areas and local buildings became outdated. But now, with a billion-dollar plan by a New York state agency underway to revitalize public transit infrastructure in and around Penn Station, there is serious momentum for the Midtown neighborhood, which has stalled in growth as surrounding neighborhoods have evolved.

How we use words is important. Words can describe both racial inequities and the efforts to remedy them. As the real estate industry continues the work to dismantle systemic racism, it’s critical to be intentional about language.

Since the publication of Building Small: A Toolkit for Real Estate Entrepreneurs, Civic Leaders, and Great Communities in 2021, author and developer Jim Heid has continued to grow the building Small movement. Last year, he launched a free-yet-private online platform that serves as an interactive network where like minds solve the big problems of building Small.

Given the pressing challenges real estate is facing globally on advancing building decarbonization, ULI is honored to announce that 10 District and National Councils have been selected to participate in the fourth Net Zero Imperative (NZI) Cohort. NZI is a multiyear initiative to accelerate decarbonization in the built environment and is a significant aspect of ULI’s work to advance its net zero mission priority.

When the Inflation Reduction Act (IRA) was signed into law a little more than two years ago, it was celebrated by many who work in the real estate industry as a crucial tool for encouraging and offsetting the cost of green buildings. The tax incentives offer a lot of opportunities for owners and developers to cut expenditures, sometimes significantly, in a time when interest rates and the cost of construction remain high. Navigating the various incentives and programs has broadly proved challenging, however, and experts hope to spark more awareness around the benefits of the IRA and how to move past common obstacles.

Texas Southern University professor and environmental justice advocate to receive ULI Prize for Visionaries in Urban Development.

Last week, the U.S. Securities and Exchange Commission issued new rules requiring public companies to enhance and standardize climate-related disclosures. The rules phase in over time, requiring the largest companies or public investor shares to begin making climate risk disclosures in 2025.

AUSTIN—Despite rumblings to the contrary, the American dream of homeownership is not a fading relic from the nation’s Post World War II era. In fact, homeownership remains a key lever to elevate families from generational poverty to the middle class, according to two of the nation’s top leaders in the housing industry.

AUSTIN—Austin, a tech hub that has become one of the fastest-growing cities in the nation, has grown wider, longer, taller, and denser. And there’s hope that it may become more closely knitted together via an upcoming massive transportation project that could bring more cohesion between affluent areas and traditionally underserved neighborhoods.