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Real Estate Capital Markets Update: Volume 10, Number 15Real Estate Capital Markets Update
Creating a Downtown CommunityThe nuclear family no longer exists, and the cost of living far from work"" — where you can have that picket-fenced yard — ""means some people spend more on their transportation costs than on their homes,"" Todd W. Mansfield, chairman of the Urban Land Institute, told real estate editors gathered recently in Dallas.
New Data on Home-Buying is DauntingWathen said his primary message to the business community is that 20- and 30-somethings will be tough to bring home without more affordable housing. Wathen is a founder and board member of the nonprofit group Housing Hawaii, chairman of the Hawaii chapter of the Urban Land Institute's affordable housing committee, and CEO of Pier Management Hawaii, which operates the Island Club Communities rental properties at Iroquois Point. ""That's my message to business and industry.""
William H. Hudnut III Presents to ULI St. LouisWilliam H. Hudnut III, former four-term Mayor of Indianapolis and
Congressman, author, public speaker, TV commentator and currently Senior
Resident Fellow, Urban Land Institute (ULI) Joseph C. Canizaro Chair for
Public Policy, Washington, D.C. knows a thing or two about land
utilization.
The former mayor and congressman paid a
recent visit to St. Louis to deliver a pep talk to ULI St. Louis, a district
council of the Urban Land Institute. He was keynote speaker at the
Inland Mayors Express Visions For Developmental Future During Hard TimesMayors from San Bernardino, Corona and Cathedral City gathered Thursday to share tips and gripes with the building industry about development projects during the current downturn in the economy.
The three mayors shared their visions for their communities at an Urban Land Institute forum in Corona on Thursday with an audience of about 60 developers, consultants and architects. For Corona Mayor Jeff Miller and San Bernardino Mayor Pat Morris, whose cities are mostly bui
Events
11th Annual ULI Japan ConferenceLocation: Roppongi Hills Tokyo,
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11th Annual ULI Japan Conference–Responsible Property Investment: A New Real Estate Paradigm Venue: academyhills, Mori Tower 49F, Roppongi Hills
Date: Thursday, December 4, 2008
Time: 9:45-20:00
Award Winning Projects
Schaefer LandingRezoning a former manufacturing building has jump-started the reclamation of the East River’s waterfront in the Williamsburg/Greenpoint neighborhood of Brooklyn. In addition to 140 affordable rental units, 210 for-sale, market-rate condominiums contribute to a vibrant mixed-income riverfront community.
Millennium ParkMillennium Park offers a new model for creating a park through public/private partnerships of city agencies, private developers, artists, and individual donors and philanthropies. Developed in the air rights above railyards, the project—24.5 acres (9.9 ha) of open space, architecturally significant buildings, and outstanding artworks atop below-grade parking—has revitalized land values along South Michigan Avenue and created another world-class park in a city whose motto is Urbs in Horto (City in a Garden).
MeanderThis 1.7-hectare (4.2 ac) housing development has converted derelict canalfront land encumbered by squatter housing into a mixed-use, mixed-income community with 276 rental apartments. Named after the way the new housing complex winds (meanders) along the canal, Meander provides ample parking in an area lacking it, opens public access to the canal, and features a diversity of community facilities—including a primary school, a public library, a restaurant, and studios targeted to beginning artists.
Pueblo del SolFormerly a public housing project known as Aliso Village—a home to street gangs as well as 800 obsolete units—the 29-acre (11.7 ha) parcel today provides 377 rental and 93 for-sale units. This HOPE VI project not only has resurrected itself, but also has revitalized its entire community as the catalyst for a new transit stop, a renovated elementary school, a new community center, and plans for a new high school.
The Market Common, ClarendonThe Market Common, Clarendon, is a classic win-win development. Benefiting from the development momentum spurred by growth along a Metrorail subway corridor, this 18-acre (7.3 ha), mixed-use project responds sensitively to its neighborhood’s residential context, and contributes a public park and an open space in the center, as well as much-needed structured and street parking—all successfully integrated with 387 for-sale and for-rent residential units.
At the Local Level
Learn about sponsored educational forums and events such as trends conferences, Smart Growth programs, and project tours, through community outreach programs, and by providing industry expertise to community leaders.
Real Estate Capital Markets Update: Volume 10, Number 15Real Estate Capital Markets Update
State of the Private Debt and Equity Capital MarketsAs the market spends the early part of 2008 (or longer) equalizing pricing, significant amounts of capital are being assembled and readied for deployment into more “value-oriented†markets.
Michael Banner: Beating the OddsMichael Banner credits his parents with having the most influence on his life and instilling in him the values of determination and patience, which enabled him to succeed.
The Green Quotient: Q&A with Che Wall
Ché Wall was founding chair of the World Green Building Council and managing director of the Asia/Australia–based Lincolne Scott engineering firm. In the year and a half since Wall’s last interview with the Green Quotient (July 2006, page 74), green buildings have entered the mainstream because of their more recently proven financial benefits, as well as rising energy costs and increasing concerns about global warming. Wall talks about the latest trends in green buildings and real estate, and some surprising events.
U.S. Credit Crunch Hits EuropeNobody knows whether 2008 will see a long-overdue price correction—or a crash.