Topics
Capital Markets and Finance
Are secondary markets stealing the lunch—tenants and investor capital—of gateway cities? Not so fast. One key takeaway from the panel discussion “Markets Shift: Are the Lines Blurring between Traditional Gateway Markets and Secondary Cities?” is that the death of the gateway market has been highly exaggerated.
Over the last 18 months, COVID-19 has affected Asia Pacific real estate markets in profound but often quite different ways. For offices, rents in some markets have taken a significant hit, but asset values remain generally resilient as banks continue to extend credit and investors resort increasingly to traditionally safe-haven asset classes. While office sector fundamentals have remained relatively stable, under the surface the pandemic is acting as catalyst for profound change.
The Asia Pacific region’s key real estate markets are likely to witness a sustainable and resilient recovery in the next three years, bouncing back from recent weakness triggered by the spread of COVID-19, according to the inaugural ULI Real Estate Economic Forecast report for the region.
Design & Planning
Over the past two years, McHugh Construction completed several notable hospitality projects, including the Four Seasons Hotel Chicago; Southall, a new 325-acre (131 ha) farm-based resort in Franklin, Tennessee; and Sable at Navy Pier, the first Chicago hotel ever built on top of Lake Michigan.
Thirteen outstanding real estate development projects have been named the winners of the 2022 ULI Asia Pacific Awards for Excellence, one of the real estate industry’s most prestigious honors. This year’s winners include five projects in Australia, four in China, and one each in Malaysia, Maldives, the Philippines, and Singapore, respectively.
Teng Chye Khoo, fellow at the Centre for Liveable Cities and chair of ULI’s Asia Pacific region, presented his views on the lessons underpinning Singapore’s stronghold as one of the world’s most livable cities at a recent ULI Australia event.
Development and Construction
Using technology that is relatively new to North America, Alquist is constructing a two-story home in a neighborhood of Houston using a massive 3D printer.
Jay Bailey, president and CEO of the Atlanta-based Russell Innovation Center for Entrepreneurs, or RICE, is committed to championing Black entrepreneurs and creating unparalleled opportunities. Urban Land recently interviewed Bailey on the subject of how commercial real estate can be used to help close the racial wealth gap.
Repurposing commercial properties into multifamily housing is growing more common across a variety of real estate markets and can provide a critical source of housing where shortages persist, according to a new report from ULI and the National Multifamily Housing Council Research Foundation.
Resilience and Sustainability
Progress on the decarbonization of real estate portfolios is being held back by a lack of understanding and collaboration between property owners and occupiers, according to a new report from the Urban Land Institute C Change program. If better alignment between the two parties is not prioritized, it has the potential to increase total emissions from the built environment over the medium to long term as real estate decisions are often medium to long-term commitments.
2023 was the hottest year on record, according to climate change service Copernicus. Extreme heat and climate change usher in a whole host of obstacles for the commercial real estate industry to hurdle. Finding the best information on how to approach these hurdles can prove difficult. ULI has compiled our best reports, webinars, articles, and case studies covering what you need to know about how the hottest year on record is going to the industry.
On January 10, ULI Washington convened its second annual “Future Forum: Preparing for the Big Pivot—Building Our Future Around the Innovation Economy” event at the Johns Hopkins University Bloomberg Center. The all-day gathering, attended by more than 200 ULI members, featured insights from industry leaders and participants to address the future of the Metropolitan Washington Region.
Issues and Trends
Third edition evaluates top 30 global powerhouses report reveals world’s leading urban hubs rise in popularity post pandemic. Challenges include new economic conditions, rising costs, adaptation to hybrid work, innovation gaps, the climate imperative, and transition to social, mixed-use districts.
Guy Kawasaki—chief evangelist at Canva, former chief evangelist for Apple, and bestselling author—summed up insights gleaned from his years in tech and as host of the Remarkable People podcast, interviewing such luminaries as Margaret Atwood, Tony Fauci, Jane Goodall, and Steve Wozniak.
As congregations across North America grapple with shrinking membership and aging facilities, a new opportunity is emerging: transforming faith-owned land into affordable housing and community-serving spaces. At the 2025 ULI Fall Meeting in San Francisco, panelists in the session “Spiritual Brownfields: Declining Congregations and Opportunities for Housing on Faith-Owned Land” explored how churches and developers are partnering to bring mission-driven housing to underused sacred sites.