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ULI Announces Winners in Houston’s Development of Distinction Awards

HOUSTON –– Moody Rambin Interests’ Towne Center development won top honors in the for-profit category in the won Houston District Council of the Urban Land Institute (ULI) Development of Distinction Awards, which were announced Tuesday night in downtown Houston at the Rice Crystal Ballroom. The MATCH (Midtown Arts and Theatre Center Houston); Buffalo Bayou Park and McGovern Centennial Gardens were ... Read More »

ULI: Future Real Estate to be Shaped by Affluent Immigrants, Affluent Women and Aging Boomers

(By Dale King)  – A shifting demographic that will see more female executives, immigrants with disposable income, younger and older employees and retirees in the workforce and looking for jobs will have a significant impact on community building and real estate proclivities during the coming decade, says a new report by the Urban Land Institute. Called “Demographic Strategies for Real ... Read More »

ULI Real Estate Forecast: Slow-Growth Era Approaching

(By Dale King) WASHINGTON, D.C. – If slow and steady is the formula for winning races, America’s real estate market will likely break a few finish line tapes in the closing years of this decade. But a general slowdown in market growth may be part of the economic order for the next few years. The Urban Land Institute (ULI) used ... Read More »

Cycling – The Fastest Growing Form of Transportation is Impacting Real Estate

(By Ralph Bivins) HOUSTON – It’s not just hype to placate Millennials who think bicycles should dominate the roadways. Cyclists are making a difference in real estate development today. And it’s going beyond just accommodating tenants with bicycle racks. “Cycling is the fast growing form of transportation in the U.S.,” said Ed McMahon, a ULI senior resident fellow speaking at ... Read More »

How to Transform Houston – Mayor Turner Tells It All To ULI

HOUSTON – City officials are participating in discussions of a transformative proposal to re-work the freeways in downtown Houston, Mayor Sylvester Turner said Thursday in an appearance before the Urban Land Institute organization. The freeway changes could result in the destruction of the Pierce Elevated freeway, a much-maligned and ugly barrier between Downtown and Midtown Houston. “The Pierce Elevated will ... Read More »

Houston Bucks Trend: RNR Special Report From the ULI Meeting in Philadelphia

(By Realty News Report) – PHILADELPHIA – Overall U.S. office vacancy rates are expected to decline to 12.6 percent this year and 12.3 percent next, according to a new three-year economic forecast from the Urban Land Institute (ULI) Center for Capital Markets and Real Estate. Industrial/warehouse availability rates are predicted to inch up in 2017 and 2018, but remain below ... Read More »

ULI Panel: Building to Meet the Millennials

HOUSTON – Real estate is bending and evolving to be attractive and relevant to the massive millennial generation, according to experts at an Urban Land Institute panel discussion. But while seeking to meet the millennial market, developers need to exercise caution when building new projects today. Being too experimental with millennial-focused trends can make a building unappealing to future tenants, ... Read More »

Q & A with Ann Taylor of ULI Houston: Houston Market Showing Resilience

Ann Taylor is the executive director of the Urban Land Institute, Houston District Council. She had more than 20 years of experience in communications, consulting and public relations when she joined the ULI executive staff in 2008. Prior to that, she was a ULI member, serving on the Houston Executive Committee and as founding chair of the ULI Houston Development of Distinction ... Read More »

E-Commerce Creates Thrice as Much Demand for Warehouses, ULI Panel Says

SAN FRANCISCO – The sale of goods via the Internet is having a profound impact on the industrial real estate markets because e-commerce creates a greater need for warehouses, says Hamid Moghadam, chairman of Prologis Inc., one of the world’s largest warehouse companies. E-commerce sales require three times as much warehouse space as sales completed in regular brick-and-mortar stores, said ... Read More »

ULI Houston: How Realty Will Fare in Energy Downturn

HOUSTON – Falling oil prices are squeezing the real estate markets in Houston, although some sectors are performing well in spite of the downturn, according to panelists at the Urban Land Institute luncheon Tuesday. The roughest spot: the Houston office market, particularly the Energy Corridor, where new buildings are being completed as energy companies trim their workforces. The brightest spot: ... Read More »

Lovett Redeveloping “One of the Most Important Tracts in the City of Houston”

HOUSTON – Lovett Commercial, a Houston firm led by veteran developer Frank Liu, has acquired the downtown U.S. Post Office property, a key 16-acre redevelopment site overlooking Buffalo Bayou. Lovett is expected to develop a mixed-use project with retail, residential and office on the Post Office site, 401 Franklin Street. The Post Office redevelopment is the most important project ever ... Read More »

Henry Cisneros Firm Sells Three Multifamily Projects for $153 Million

LOS ANGELES — CityView,  an multifamily firm founded by former San Antonio mayor Henry Cisneros, has sold three multifamily rental properties in the Los Angeles area for $153 million. The Venue, a 147-unit multifamily complex in Woodland Hills, sold for $38 million. The Enclave, a 306-unit multifamily project in Paramount, Calif., sold for $61.2 million. The 251-unit Torrey Pines, in West Covina ... Read More »

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