Topics
Capital Markets and Finance
Communities of color struggle to thrive in part because real estate appraisals are marred by racial bias, ossified methodology, and industry practices, according to an expert panel at ULI’s Fall Meeting in Dallas.
Facing economic challenges that include inflation, currency issues, and other headwinds, commercial real estate companies should focus more on cash flow assets as a method to drive revenue growth, Kathleen McCarthy, global co-head of Blackstone Real Estate, said during a general session at the ULI Fall Meeting in Dallas.
6 strategic ways to foster and consolidate the use of green financing tools.
Design & Planning
City planners across North Carolina’s rural, suburban, and urban environments assert that a vibrant walkable downtown is their goal. They’re aiming to put that value into practice using a broad range of transportation options with help from the funding in the 2022 Bipartisan Infrastructure Law.
Eugene “Gene” Kohn, one of the founding members of the global architecture firm Kohn Pedersen Fox (KPF), has died at 92 after a yearlong battle with cancer. In his long tenure with KPF, Kohn’s firm designed some of the most famous skyscrapers in the world, including New York City’s Hudson Yards development; the World Bank headquarters in Washington, D.C.; 333 Wacker Drive in Chicago; London’s Covent Garden; the Shanghai World Financial Center; Hong Kong’s International Commerce Centre; and most recently, the Manhattan office tower One Vanderbilt.
The Austin Transit Partnership announced a partnership with an international design team led by HKS, UNStudio, and Gehl to create systemwide architecture and urban design for the light-rail program of Project Connect, a major expansion of Austin’s public transit system. Project Connect is a transformative, voter-approved investment that includes light rail, expanded bus routes, and more services across the city.
Development and Construction
For some members of the ULI Foundation’s Governors Society, philanthropic giving is a way to support the Institute’s efforts to remedy the worldwide shortage of attainable housing, reduce carbon output to fight climate change, and educate a diverse future generation of leaders for the real estate profession. For other governors, their philanthropy is a gesture of gratitude for the role that ULI has played in their professional careers and achievements, or a way to honor friends they made through the organization. And some just want to be an inspiration to other ULI members.
Toronto is the largest city in Canada and its population is growing rapidly. As a result, demand for more housing and office space has led to a staggering amount of new development. Over the last 10 years alone, the city added 27 million square feet (2.5 million sq m) of office space. But developing in the city is not easy, and panelists shared how they are dealing with the challenges of building in Toronto at the 2023 ULI Spring Meeting.
At a 2023 ULI Spring Meeting panel titled “View from the Top,” Tsering Yangki, executive vice president at Dream Unlimited, one of Canada’s leading real estate companies, with over $23 billion in assets across North America and Europe, spoke with WLI chair Ellen Klasson, managing director at RCLCO.
Resilience and Sustainability
Collaboration showcases cutting-edge tech solutions to key real estate challenges.
Today the U.S. Department of Energy released its definition of what constitutes a “zero emissions building,” a move that aims to bring clarity to the real estate and building industry as it works to decarbonize its assets and portfolios.
How do construction projects measure and report carbon emissions? Across the industry, organizations are being tasked with carbon accounting, whether for corporate sustainability goals or for regulatory reporting requirements. Unfortunately, there isn’t a consistent industry-wide method to measure or report it.
Issues and Trends
This article is adapted from Shared Parking, Third Edition, published in spring 2020 by ULI, ICSC, and the National Parking Association.
A timely report by ULI Europe sets out the potential triggers for the required restructuring of Europe’s retail real estate sector.
During a period of phenomenal growth in which Toronto has had more cranes in the sky than any other North American city, a new form of city region with multiple urban centers has started to emerge in the Greater Toronto Area. This new city region is propelled by powerful economic and social forces and spurred by the imperative of a more sustainable future.
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