The latest troubles at New York Community Bank have some observers wondering whether it could be a canary in the coal mine for the broader regional banking sector. Regional banks are definitely in a tough spot due to deposit flight, higher funding costs, and concerns about problematic commercial real estate loans. But, at least for now, troubles seem to be limited to a few isolated cases, rather than systemic.

The strain of higher interest rates is creating sleepless nights for some commercial real estate owners and operators these days. On the flip side, there is significant capital eagerly lining up to take advantage of market dislocation.

Uncertainty around asset prices likely to slow transactions.

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

The ULI Terwilliger Center for Housing has selected the City of Tallahassee, Florida, as the winner of the 2023 ULI Robert C. Larson Housing Policy Leadership Award. The award was created in 2011 to honor the legacy of the late Robert C. Larson, a former ULI Foundation chairman and longtime ULI trustee.

Six impressive developments from around the world have been selected as winners of the 2023 ULI Global Awards for Excellence. This year’s winners include two from North America, two from Europe, and two from Asia Pacific.

Since the retirement of Urban Land Institute’s Global CEO Ron Pressman in October 2023, the search for a visionary global leader has taken center stage. As the Institute charts its course in shaping the built environment for transformative impact within communities worldwide, finding the right leader is paramount.

At the ULI Carolinas meeting held in February, the annual closing session Crane Watch highlighted six projects nearing completion that are poised to have a significant impact on each market. From a school of medicine innovation district to transit-oriented development to affordable housing and services for those with disabilities, these projects were recognized for their dynamic placemaking and innovative design.

New Yorkers have gotten used to watching the sun set behind the piers and towers of Jersey City, the major metropolis of New Jersey’s so-called Gold Coast. But for many years, Jersey City’s glittering line of luxury apartments and office blocks stopped at the water’s edge. Tucked behind modern high-rises, the rest of the city was a patchwork of charming historic districts, aging apartment buildings, public housing, and contaminated, abandoned industrial sites.

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.

A tsunami of emptying houses of worship—up to 100,000, according to one religious source—is washing across America. Developing intelligent reuses and redevelopments for these properties will make the difference between a community flourishing and struggling. Housing advocates view underused faith properties as natural sites to develop projects that help close the great national gap on affordable housing.

As concerns about the sustainability of the world’s love affair with the car and airplane grow, the European Union aims to put more people back on trains, a strategy that will require not only laying new tracks but refurbishing old stations. From Barcelona to Vilnius, some of these developments aim not only to make public transportation more convenient but to renew the quarter in which they are located.

Daryl Fairweather, chief economist for real estate brokerage Redfin, will be presenting at the upcoming 2024 ULI Housing Opportunity Conference in Austin. A classically trained economist with both a Ph.D. and a master’s degree in economics from the University of Chicago, Fairweather previously worked at Amazon and the Federal Reserve Bank of Boston.