Topics
Capital Markets and Finance
Pragmatism and caution have defined China’s 40 years of economic reform, and this steady progress is set to continue, said Shui On Group chairman Vincent Lo speaking at the 2019 ULI Asia Pacific Summit. Lo—who has been investing in China real estate for more than 30 years—said that the nation’s approach can be summed up by the aphorism “cross the river by feeling the stones.”
Asset prices in Japan have risen strongly in recent years, fueled by influences including cheap and abundant capital, positive yield spreads, slow but steady economic growth, and a resurgent tourism sector that has proved to be a boon for local retailers. And, not least, positive sentiment around the 2020 Summer Olympics has been a factor, with many investors believing the market will remain buoyant until after the Games are finished. Recently, however, perceptions have shifted, with a growing body of opinion gravitating towards the view that a correction may occur well before summer 2020.
ULI research highlights continued demand for property as investors try to balance their appetite for yield amid potential market risks.
Design & Planning
Chicago announces its second winner in the prestigious net-zero competition, as developers, owners, and property managers work to meet the city’s emission goals.
The New York Convention Center Operating Corporation announced the completion of the Javits Center’s new rooftop event space as part of its $1.5 billion expansion project on Manhattan’s West Side. The farm and event space, along with several other sustainable upgrades, builds on the success of the convention center’s robust sustainability program.
As art requirements gain momentum in enhancing the public realm, developers are also getting smart about making public art work for the public, as well as for the project
Development and Construction
The original purpose of Buffalo Niagara Medical Campus was to serve as an anchor district, similar to those in areas around universities, museums, hospitals, and other anchor institutions throughout America.
With a goal of helping lure people back to the office in light of the post-pandemic work environment, Los Angeles-based real estate investment firm Coretrust Capital Partners is showcasing new technology which creates a safe and inviting workplace in an historic building.
The U.S. housing affordability crisis has both sharpened and spread significantly in the last decade: once largely confined to the coasts and the Southwest, it now extends to nearly every state. The number of metropolitan areas that underproduced housing rose from 100 to 169 between 2012 to 169 in 2019; nationally, underproduction nearly doubled in the same time period, from 1.65 to 3.79 million units.
Resilience and Sustainability
The Green and Resilient Retrofit Program, a new program, has made funds available from the Inflation Reduction Act to support decarbonization and resilience upgrades.
Owned by HopeWorks and Housing Hope, this mixed-use retail and multifamily housing development provides comprehensive housing, social services, and job re-entry services for low-income, unhoused, and veteran populations.
Buro happold (bh) is an international engineering and advisory firm that began in the United Kingdom 45 years ago and now has offices in over 25 cities and 12 countries. Through its accumulated experience and lessons learned across a diverse array of subjects, the BH team offers a few thoughts on the decarbonization opportunity awaiting the land use industry.
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.
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