Urbanexus Update - Issue #52
I strive to understand what creates opportunities—and challenges—for real estate investment and sustainable community development. Learn about me at http://www.urbanexus.com/about-h-pike-oliver/.
Educating future real estate leaders
Part-time real estate lecturer position in Seattle
The Runstad Department of Real Estate at the University of Washington is recruiting for a real estate practitioner for a half-time faculty appointment . Go here or click on the image below to learn more and apply.
Hospitality
Marcus & Millichap hospitality investment forecast Hotel room demand persists. The U.S. hospitality sector has recorded increases in occupancy and revenue metrics during the year ending in June as room demand remained healthy.
Seniors housing
Bells and whistles may be a distracting way to get a prospective seniors housing resident’s attention, but Margaret Wylde, CEO of ProMatura Group, believes they can take away from the core purpose of providing a safe, welcoming environment for seniors.
Understanding a land lease is important
Chrysler building sells at a big loss — rebusinessonline.com
A partnership between Manhattan-based investment firm RFR Holding LLC and Austrian development group Signa Holding has acquired the 77-story Chrysler Building in New York City for $150 million, according to Reuters. The seller was a Dubai-based investment group that acquired a 90 percent share in 2008 for $800 million. Land lease escalations likely had a negative impact on value.
Big real estate - past, present and future
An innovative resort community — archpaper.com
The San Francisco Museum of Modern Art (SFMOMA) examines one of the earliest innovations in environmentally conscious development in its current exhibition, The Sea Ranch: Architecture, Environment, and Idealism. The show chronicles the history of the development at an extraordinary site along a eight-mile stretch of the California coast about 100 miles north of San Francisco.
Hudson Yards - the big project in NYC — untappedcities.com Hudson Yards is officially open with new public spaces, luxury retail, food hall, public spaces, and The Vessel, a climbable sculpture. But is it for everyone?
A more critical review of Hudson Yards — www.nytimes.com Hudson Yards presented the city with a grand opportunity to remake Manhattan’s West Side. But what has arrived? A review of the most ambitious private development in New York in a century.
Mixed use in Chicago — rebusinessonline.com
JDL Development Corp. has received construction financing for One Chicago Square, an $850 million mixed-use tower in Chicago. The 76-story, 1.5 million-square-foot development will be located in the city’s River North submarket.
A 58 story 976,000 square foot condo tower in Seattle is undergoing design review. The developer is Bosa out of Vancouver, BC.
Green paradise or data-stealing dystopia?
From flood-resistant green spaces to heated bike paths, is Alphabet's planned smart city in Toronto more of a smokescreen to extract private data then an effort at real community development?
Urban transportation
Driving down transit ridership with rail
Despite 25% population growth and substantial investment in rail transit over the past four decades, per capita transit ridership in Los Angeles per capita ridership is down by 37%. And during the past five years, average year-over-year weekday ridership has decreased in 56 months out of 57, averaging 4.8% per month.
Around the world
Drones to undertake India's 'biggest' land survey
Maharashtra state will use drones to undertake the "biggest" land survey exercise in modern India, as the government aims to give ownership rights to about 15 million rural households in the western state.
Environment and resilience
Costa Rica addresses climate change Costa Rica's first lady is leading a green new deal of sorts for her country. If it succeeds, it would provide a road map to others.