Monthly Archives: May 2015

THE PRESENT: Overton Square Development Going Strong

As Overton Square prepares to blow out 45 candles as part of a milestone anniversary celebration May 23, development activity at the Midtown landmark is still going strong. Bob Loeb, president of square developer Loeb Properties, says “another performing arts existing provider in town” wants to relocate to the square, something addressed as part of a local Urban Land Institute technical advisory panel convened earlier this month to look at that prospect, among other issues. “We wanted the panel to look at, ‘Is it the highest and best use, do … Read More

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Real Estate Pros Optimistic about Next Three Years

A commentary on the April 2015 Real Estate Consensus Forecast by William Maher of LaSalle Investment Management The latest survey results of the semi-annual ULI/E&Y Real Estate Consensus Forecast, prepared by the ULI Center for Capital Markets and Real Estate, predict three more years of very favorable real estate conditions in the US. The survey was completed by 46 real estate economists in March 2015. Areas where optimism is most pronounced over the 2015-7 forecast period include: Net job growth should be 2.9 million per year, compared to a long … Read More

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New ULI Case Study: 21c Museum Hotel Cincinnati

A distinctively different hotel, the 21c Museum Hotel Cincinnati features not only historic architecture but also fine art in a museum-quality setting. The project is also an exemplary public/private partnership that yielded the first full-service hotel to be developed in Cincinnati in 28 years. The building is an innovative hybrid of a vibrant contemporary art museum and a 156-room boutique hotel that is at the hub of a growing arts and entertainment district and has contributed to the revitalization of Cincinnati’s downtown. A masterful orchestration of century-old historic details and … Read More

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Key Housing Findings from the America in 2015 Survey

by: Michelle Winters The ULI Terwilliger Center for Housing is pleased to partner with the ULI Building Healthy Places Initiative on the latest ULI community survey, America in 2015. This biennial national survey assesses Americans’ views on their housing, transportation, and community options. Read the Full Survey Key Housing Findings This year’s survey documents important housing-related preferences and highlights some potential trends to watch: Housing Options: While most Americans are satisfied with the range of housing options they have to choose from in their communities, renters, Millennials, and the lowest-income … Read More

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ULI Gathering Puts Numbers to Poverty Challenge

By Bill Dries, The Daily News The way Steve Guinn sees it, there are two ways for Memphis to reduce its poverty rate by 10 percentage points. The vice president of Highwoods Properties devised two different formulas that would achieve Memphis Mayor A C Wharton Jr.’s goal of reducing the city’s 27 percent poverty rate a percentage point a year for 10 years. (The national median is 17 percent.) Either method is a “daunting task,” Guinn told an Urban Land Institute gathering Monday, May 4. “If your poverty level is … Read More

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