Urban Land https://urbanland。uli.org/ Urban Land is the flagship publication of the Urban Land Institute, a member-based organization with global headquarters in Washington, D.C. Tue, 31 Oct 2023 23:02:01 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.1 ULI, PwC Report Outlines “The Great Reset” as Commercial Real Estate Enters a New Era https://urbanland。uli.org/public/uli-pwc-report-outlines-the-great-reset-as-commercial-real-estate-enters-new-er/ https://urbanland。uli.org/public/uli-pwc-report-outlines-the-great-reset-as-commercial-real-estate-enters-new-er/#respond Ella Fertitta Tue, 31 Oct 2023 18:49:00 +0000 Economy, Market & Trends News Public https://urbanland。uli.org/?p=43459

The ULI and PwC US today released Emerging Trends in Real Estate® 2024, the annual industry-leading report unveiling critical data and trends in the real estate sector. The top markets to watch this year include Nashville and Phoenix. Retails rebound and AI adoption are driving optimism.

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Unveiled During Highly Anticipated Fall Meeting in Los Angeles, Emerging Trends in Real Estate lists top markets and industry trends to watch in 2024 The ULI and PwC US today released Emerging Trends in Real Estate® 2024, the annual industry-leading report unveiling critical data and trends in the real estate sector. In its 45th edition, the report’s overarching theme is “The Great Reset,” determining that the industry must form new ‘norms’ and can no longer rely on past benchmarks to determine how the market will function in the future. The report includes proprietary data and insights from more than 2,000 leading real estate industry experts, exploring shifts in the property sector since the pandemic, changing investor sentiment toward climate risks, the emergence of impact investing, and other real estate issues within the United States and Canada. “It’s clear that the real estate industry is entering a new era of thinking, building, and operating. The emergence of hybrid work models, the strength of the retail sector, and the growth of Sun Belt markets underscore the new reality on the ground, specifically in our top cities—Nashville, Phoenix, Dallas/Fort Worth, Atlanta, and Austin—to watch in 2024,” said Anita Kramer, senior vice president of ULI’s Center for

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Outlook for Mixed-Use Development: How Can Urban Mixed-Use Developments Succeed in the Post-Pandemic Era? https://urbanland。uli.org/public/outlook-for-mixed-use-development-how-can-urban-mixed-use-developments-succeed-in-the-post-pandemic-era/ https://urbanland。uli.org/public/outlook-for-mixed-use-development-how-can-urban-mixed-use-developments-succeed-in-the-post-pandemic-era/#respond Ron Nyren Mon, 30 Oct 2023 15:39:19 +0000 Economy, Market & Trends Public https://urbanland。uli.org/?p=43453

Experts speak about near-term prospects for development, challenges, and opportunities of obtaining financing in the current economic climate, strategies for balancing the mix of uses, ways mixed-use developments can better support local businesses, and other related trends.

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Avalon Bay’s AVA RiNo community in Denver Colorado features a coffee shop as part of an apartment building lobby and provides extra room for the retailer to expand its seating area for a more vibrant and dynamic atmosphere. (Teri Fotheringham Photography) Experts speak about near-term prospects for development, challenges, and opportunities of obtaining financing in the current economic climate, strategies for balancing the mix of uses, ways mixed-use developments can better support local businesses, and other related trends. Given the current economic climate, what are the prospects for developing mixed-use projects? Katie Bucklew: Today’s environment is challenging due to rising costs. There has been a substantial decrease or flattening in rents, particularly for office and residential assets. And mixed-use development is inherently more expensive to build, operate, and maintain over the long term. For a vertically integrated product, you also have to align supply and demand for multiple asset classes. Of course, it takes a long time to plan new urban districts or a vertically integrated building, so time is on your side in the current environment. However, mixed use requires flexibility from municipalities and building departments. Having too rigid plans can be problematic if market demand changes during the development process—you start to

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“失踪的中产” Policies Beginning to Bend Cost Curve https://urbanland。uli.org/public/missing-middle-policies-beginning-to-bend-cost-curve/ https://urbanland。uli.org/public/missing-middle-policies-beginning-to-bend-cost-curve/#respond Sue Spolan Fri, 27 Oct 2023 17:46:44 +0000 Development Public //www.segerfrojd.com/?p=43448

Dan Parolek, an architect and urban designer and founder of Opticos Design, wrote a book on addressing the gap between single-family homes and large apartment complexes. Parolek recent spoke on a ULI webinar on housing solutions.

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The dream of a detached single-family home is out of financial reach for many, but it’s not just about money. Single-family zoning laws have had an exclusionary effect, creating economic and racial boundaries. The New York Times reported that on average, 75 percent of residential land in American cities is dedicated to single-family homes. In some areas, the rate is far higher. The markets have changed dramatically in the demand for more rental choices, but zoning laws have yet to catch up. A 2023 survey from the National Association of Realtors found that 77 percent of respondents would pay a premium to live in a walkable neighborhood, and for Gen Z, that figure shot up to 92 percent. More than half of those surveyed would prefer to own or rent an attached dwelling in a high-opportunity area, walkable to shops and restaurants, with a short commute to work. Access the webinar on ULI Knowledge Finder. Dan Parolek, an architect and urban designer and founder of Opticos Design, wrote a book on addressing the gap between single-family homes and large apartment complexes. “We really need to think beyond the single-family detached house and how we can remove barriers for builders,” said Parolek in a recent ULI webinar. “Missing Middle”

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Why Smaller CBDs Are Bouncing Back First: New Research Takes a Look at the Diverging Paths of Recovery https://urbanland。uli.org/public/why-smaller-cbds-are-bouncing-back-first/ https://urbanland。uli.org/public/why-smaller-cbds-are-bouncing-back-first/#respond Ferdinando Monte Thu, 26 Oct 2023 19:34:45 +0000 Economy, Market & Trends Public //www.segerfrojd.com/?p=43435

An analysis of hundreds of cities indicates that trips to CBDs in large cities (say, ones above 1.5 million residents) have plateaued around 60 percent of their pre-pandemic levels; smaller towns (for example, ones with fewer than 150,000 residents), in contrast, have fully bounced back.

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Commercial real estate actors are three years into a transformative time for their businesses. The radical surge in remote work and higher interest rates to battle inflation have brought both challenges and opportunities. Many commercial real estate owners, regardless of their sector, are now wrestling to keep up with rising payments on adjustable-rate mortgages. Higher rates, combined with a dip in office demand and uncertainty over the future value of this asset class, are also complicating the refinancing of some expiring loans. Some fund managers, however, are seeking opportunities in REITs or unique situations with good assets and bad balance sheets, especially in an environment of tightening lending standards, according to new reports. In general, everyone is deciphering what has happened and what lies ahead. A diminished demand for proximity to large employment centers is driving down office asset values, according to Green Street. In addition, research—conducted by Stanford University Department of Economics researchers Arjun Ramani and Nicholas Bloom, using data from the U.S. Postal Service and Zillow—that was released during the pandemic revealed that major urban areas have undergone residential migration from densely populated zip codes toward their less-crowded counterparts. This shift seems particularly pronounced for higher-income earners, as detailed earlier

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Practical Decarbonization: Helping a Charter School Save Money and Invest in Solar https://urbanland。uli.org/public/practical-decarbonization-helping-a-charter-school-save-money-and-invest-in-solar/ https://urbanland。uli.org/public/practical-decarbonization-helping-a-charter-school-save-money-and-invest-in-solar/#respond Tommy Zakrzewski Mon, 23 Oct 2023 18:39:53 +0000 Public Sustainability https://urbanland。uli.org/?p=43427 t < p >增加施工费用和压力o decarbonize with innovative climate solutions are challenging traditional approaches in design. For Austin Achieve, a tuition-free, open-enrollment public charter school, HKS put innovative ideas into action to balance sustainability and the needs of a diverse community.

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增加施工费用和d的压力ecarbonize with innovative climate solutions are challenging traditional approaches in design. For Austin Achieve, a tuition-free, open-enrollment public charter school, HKS put innovative ideas into action to balance sustainability and the needs of a diverse community. During the design process for the Austin Achieve-Pflugerville Campus in Pflugerville, Texas, which opens this school year, our team challenged restrictive energy code requirements by taking a flexible approach. We exchanged passive design elements of the building enclosure—such as insulation—with more cost-effective active-solar-building technologies, including photovoltaics. We sought to reduce the embodied and operational carbon footprint of the project, in addition to providing energy and cost savings. At the time of building permitting, requirements advanced from the 2018 International Energy Conservation Code—2018 IECC—to 2021 IECC. The new code addresses energy efficiency on several fronts, including cost, energy usage, use of natural resources, and the impact of energy usage on the environment. Because of the code change and required performance improvements, the team needed to find more efficiencies in the building design. During design development, we conducted building energy modeling and generated response curves to understand the interactive effects of building-enclosure design and mechanical and lighting demands. We found that the building

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A Critical Safety Net: Insurance Availability and Affordability Reach Crisis Levels https://urbanland。uli.org/public/a-critical-safety-net-insurance-availability-and-affordability-reach-crisis-levels/ https://urbanland。uli.org/public/a-critical-safety-net-insurance-availability-and-affordability-reach-crisis-levels/#respond Natalie Ambrosio Preudhomme Mon, 23 Oct 2023 14:32:55 +0000 Development Public https://urbanland。uli.org/?p=43418

Until recently, insurance was a straightforward part of commercial real estate transactions—an important component, but generally a simple check-the-box exercise with predictable annual increases aligned with inflation. In the past few years, things have changed drastically, with skyrocketing premiums that have jarring implications for underwriters and owners.

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Until recently, insurance was a straightforward part of commercial real estate transactions—an important component, but generally a simple check-the-box exercise with predictable annual increases aligned with inflation. In the past few years, things have changed drastically, with skyrocketing premiums that have jarring implications for underwriters and owners. A critical safety net wears thin Insurance expenses used to climb steadily each year, but this predictability began to change in 2017, according to Moody’s Analytics’ analysis of 20 years of expense data on CMBS properties including multifamily, office, retail, industrial, and hotel (Fig 1). Looking at December values from 2017 to 2022, annual inflation rates from the Consumer Price Index (CPI) hovered around 2 percent, peaking at 7 percent at the end of 2021 with a compound annual growth rate (CAGR) of 3 percent across the period. However, the average insurance CAGR in the same period ranged from 6.7 percent to 9.8 percent across the five property types (Fig 2). Insurance expenses for multifamily are growing fastest among these five property types. Figure 1. Average U.S. insurance premium by year and property type. (Source: Moody’s Analytics CRE.) Metros with the highest CAGRs for insurance premiums in the past five years are spread across the nation, with Texas

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Six Developments Selected as Winners of Urban Land Institute’s 2023 Global Awards for Excellence https://urbanland。uli.org/public/six-developments-selected-as-winners-of-urban-land-institutes-2023-global-awards-for-excellence/ https://urbanland。uli.org/public/six-developments-selected-as-winners-of-urban-land-institutes-2023-global-awards-for-excellence/#respond Ella Fertitta 星期四,2023年10月19日14:24:50 + 0000 News Planning & Design Public https://urbanland。uli.org/?p=43412

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.

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6个来自世界各地的令人印象深刻的发展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. ULI began the Awards for Excellence program in 1979 to recognize truly superior development efforts in the private, public, and nonprofit sectors. Winning projects represent the highest standards of achievement in the land use profession. In 2023, 128 projects and programs were submitted across the three ULI regions – the Americas, Europe, and Asia Pacific. Of those submissions, 23 were named as winners across the regions and were then considered as global finalists. From this impressive field, the jury ultimately selected the six winners. More information on each of the finalists can be found here: Americas, Europe, and Asia Pacific. Additionally, more information about the global competition is available at: uli.org/gae. The 2023 ULI Global Awards for Excellence winners are: • Aurora Bridge Bioswales, Seattle, Washington, United States. Developers: Phase 1: CoU, LLC /HessCallahanGrey Group; HAL Real Estate; Clean Lake Union LLC, Phase 2: CoU, LLC / HessCallahanGrey Group; Spear Street Capital; Clean Lake Union LLC, Phase 3: Clean Lake Union LLC; The Boeing Group; The State of

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The New Town Movement: Three Towns that Helped Build Los Angeles, and What They Teach Us about Building Cities https://urbanland。uli.org/public/the-new-town-movement-three-towns-that-helped-build-los-angeles-and-what-they-teach-us-about-building-cities/ https://urbanland。uli.org/public/the-new-town-movement-three-towns-that-helped-build-los-angeles-and-what-they-teach-us-about-building-cities/#respond Richard Peiser Fri, 13 Oct 2023 17:54:00 +0000 Planning & Design Public https://urbanland。uli.org/?p=43398

New towns and master-planned communities played a major role in the growth of the Los Angeles metropolitan area throughout the 20th century. With the invention of mass-produced housing in the 1940s—a factory in the field, as exemplified by Levittown in New York—Los Angeles developed rapidly after large ranches such as Palos Verdes and Bixby Ranch were master-planned for housing and neighborhood amenities.

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这个著名的1953年1月5日,《生活》杂志照片佤邦s staged but gives some sense of what moving day might have looked like amid all the newly built houses that lined the streets in Lakewood, California. (Shutterstock/Time Life) New towns and master-planned communities played a major role in the growth of the Los Angeles metropolitan area throughout the 20th century. With the invention of mass-produced housing in the 1940s—a factory in the field, as exemplified by Levittown in New York—Los Angeles developed rapidly after large ranches such as Palos Verdes and Bixby Ranch were master-planned for housing and neighborhood amenities. Soldiers returning from World War II got loan guarantees via the GI Bill that enabled them to purchase homes with low down payments, which created enormous demand for housing. Production homebuilders including Marlow-Burns (Toluca Lake, 1941), Kaiser Community Homes (Panorama City, 1948), and Weingart, Taper, and Boyar (Lakewood, 1950) laid the groundwork for Los Angeles’ dramatic growth throughout the rest of the 20th century and into the 21st century. As the metropolitan area expanded into Orange, Riverside, San Bernadino, and Ventura counties, many of the ranches were developed by major corporations such as Philip Morris, Mobil Land, and Kaiser Aluminum, as well as the

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Three Strategies for Using Social Infrastructure to Build Resilience https://urbanland。uli.org/public/three-strategies-for-using-social-infrastructure-to-build-resilience/ https://urbanland。uli.org/public/three-strategies-for-using-social-infrastructure-to-build-resilience/#respond August Williams-Eynon Fri, 13 Oct 2023 13:45:40 +0000 Public Sustainability https://urbanland。uli.org/?p=43386

Social infrastructure, or the physical spaces communities use to gather and build relationships, are critical to building resilience to fires, storms, and other climate hazards, according to a recent report by the Urban Land Institute.

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Situated in the middle of the “Soul City Corridor” along Chicago Avenue and identified by the city’s Invest SouthWest initiative, PopCourts is part of a larger vision to bring development to Chicago’s underinvested and primarily Black and brown communities, a strategy that can help build social resilience. (Anezka Gocova) Social infrastructure, or the physical spaces communities use to gather and build relationships, are critical to building resilience to fires, storms, and other climate hazards, according to a recent report by the Urban Land Institute. Beyond climate concerns, investing in these strategies also enhances assets and communities year-round by invigorating community life and urban livability, making it a no-regrets strategy for real estate. Areas with well-developed social infrastructure are frequently more vibrant and attractive, drawing users in, boosting foot traffic, and enhancing value for local real estate. What is social infrastructure, anyway? Social spaces, whether plazas, parks, entertainment centers, favorite restaurants, or more, are what transform the built environment from a collection of buildings and the areas between them into a place, that holds connection, belonging, and meaning to the people who use it. Those connections mean social infrastructure is just as important as physical infrastructure in preparing a community to handle increasingly extreme weather. How

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UL Interview: Building a Diverse Pipeline with Mitch Rudin https://urbanland。uli.org/public/ul-interview-building-a-diverse-pipeline-with-mitch-rudin/ https://urbanland。uli.org/public/ul-interview-building-a-diverse-pipeline-with-mitch-rudin/#respond Brett Widness Thu, 12 Oct 2023 16:02:06 +0000 Economy, Market & Trends Public https://urbanland。uli.org/?p=43381

Savills chairman and CEO demonstrates the interdependence of driving revenue and DEI

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At center, Savills North America CEO and Chairman Mitchell Rudin attends a September 2022 event celebrating the firm’s diversity-oriented Employee Resource Groups. (Savills) Savills chairman and CEO demonstrates the interdependence of driving revenue and DEI As a longtime advocate and leader in the diversity, equity, and inclusion space, when Savills North America Chairman & CEO Mitchell “Mitch” Rudin joined the company in 2019, he immediately worked with the firm’s leadership team to launch the Junior Broker Development Program, a 15-month rotational initiative aimed at giving candidates who have graduated from four-year institutions the opportunity to advance their commercial real estate careers. Rudin, an industry icon, previously served as CEO of Mack-Cali Realty (now Veris Residential), CEO and president of U.S. Commercial Operations at Brookfield Office Properties, and CEO and president of CBRE’s New York Tri-State Region. He joined ULI in 1994 and has since been a member of the Urban Development/Mixed Use Product Council on Bronxze, Gold, and Green flights. In addition, he served as a trustee and is a member of the Governors Society of the ULI Foundation, which helps advance the mission of the Institute. “I’ve had the opportunity to speak with Mitch,” says ULI senior vice president of Diversity, Equity &

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