Topics
Capital Markets and Finance
According to the 2022 Global Cryptocurrency Adoption Index, four of the top five countries for cryptocurrency adoption are emerging markets, with the United States listed in fifth place.
The ULI Asia Pacific Summit, held in Hong Kong in August, asked a panel of experts what was next for China’s property market. The residential development market in particular has been challenged, with restrictions on lending, defaults among developers, and falling sales.
Negative economic growth in the first two quarters of 2022, a volatile stock market, apartment dwellers stressed about inflation, and interest rate hikes from the Federal Reserve are enough to make developers and investors in the multifamily segment of commercial real estate feel more than a little anxious. Even so, industry experts are recommending that their clients stick to their long-term strategy and ride out the turmoil, rather than changing direction.
Design & Planning
For decades after its construction in the 1960s, locals had a wry nickname for Boston City Hall Plaza—“the red tundra,” for its wide, treeless, wind-swept expanse of red brick. In the last decade, however, the plaza transformed into an inviting destination for all.
A neighborhood at a former naval base in North Charleston, South Carolina will be the study site for the Urban Land Institute’s 21st annual ULI Gerald D. Hines Student Urban Design Competition—an educational initiative that challenges graduate students to present a development proposal for an existing site to simulate a real-world planning, design, and development scenario.
ULI is excited to announce the launch of Art in Place, a global cohort of the Institute’s National and District Councils working independently and together to connect artists, developers, and community voices. The program is the next step in ULI’s ongoing commitment to creative placemaking focused on the integration of art, culture, and creativity as levers of community revitalization.
Development and Construction
The ULI Foundation has announced that Alex J. Rose, executive vice president for Continental Development Corporation, has donated $1 million to support ULI’s Advisory Services program, which offers expertise and technical assistance to communities facing complex land use challenges. This gift is a contribution to the ULI Foundation’s first capital campaign, Our Cities, Our Future, which aims to raise $100 million in support of the Institute’s global mission.
Transit-oriented developments in Toronto give way to transit-oriented communities in multibillion-dollar investments.
One of the principals at Cooper Carry highlights the issues that the firm’s clients have run into with office-to-residential conversion.
Resilience and Sustainability
Representatives from ULI Technical Assistance Efforts Share Updates on Implementation of Recommendations to Make Their Communities More Resilient
As a growing number of real estate firms commit to decarbonizing their assets, securing green power is becoming an increasingly necessary step for achieving significant carbon reductions. For many owners, the most straightforward and cost-effective route to green power is sourcing directly through local utility providers. However, several barriers have made it difficult for real estate and utilities to collaborate and identify solutions for increasing the amount of green power flowing to the built environment, in ways that mutually benefits utility organizations.
ULI has earned a 2023 ENERGY STAR® Partner of the Year Award from the U.S. Environmental Protection Agency for the fourth consecutive year. The award recognizes ENERGY STAR® partner businesses and organizations in good standing that demonstrate superior leadership, innovation, and commitment to environmental protection through energy efficiency.
Issues and Trends
The cover package for the 2019 Tech special issue is titled “Technology: Searching for practical solutions.” Other topics include “Smart Cities: Sidewalk’s Toronto,” “Transportation: From Scooters to Skyports,” and “Big Data: Putting Data to Work.”
How D&I principles worked in the development of the Omni Boston Seaport Hotel.
Lamont Blackstone, chairman of the board of Project REAP, the nation’s leading diversity initiative focused on the commercial real estate industry, shares his thoughts on why the commercial real estate (CRE) industry lagged behind other economic sectors in embracing diversity.
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