Monthly Archives: December 2014

Investing and Finance in a Post Quantitative Easing World

Participants in the 21st annual ULI/McCoy Symposium on Real Estate Finance, a forum that brings together 30 to 40 leading executives in real estate finance, had plenty to talk about when they gathered in early December. Among the questions they considered were these: What is the timing and likely equilibrium point for interest rates now that the Federal Reserve Bank has announced suspension of quantitative easing? What is the outlook for commercial real estate? What has been happening in the real estate capital markets in 2014, and what is likely … Read More

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Thinking Bigger about the Role of Micro Units

New research from the Urban Land Institute suggests that micro units—typically larger than a one-car garage, but smaller than a double—have staying power as a housing type that appeals to urban dwellers in high-cost markets who are willing to trade space for improved affordability and proximity to downtown neighborhoods. The Macro View on Micro Units includes an analysis by MPF Research of more than 400 rental apartment communities (comprising more than 90,000 units) built in 2012–2013 in the 35 U.S. metropolitan areas that experienced the highest concentration of multifamily construction … Read More

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How Historical Designations Affect Property Values

When Brooklyn Heights was named New York City’s first historic district in 1965, preservation advocates were delighted. From the modest pre–Civil War federal style to the late-19th-century Greek Revival–style mansions, one of the nation’s most diverse collections of architecture would be permanently preserved. As a report on Brooklyn Heights from the Landmarks Preservation Commission, the newly created arbiter of historic entrée in New York, remarked, The interesting old buildings arrayed on irregular streets, with unexpected vistas, emanate an appearance and even more a spirit and character of Old New York which … Read More

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In Memory of KPF President and Renowned Architect Paul Katz

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Paul Katz, president and managing principal of global architecture firm Kohn Pedersen Fox Associates (KPF) and a ULI member, passed away November 20 in Manhattan. He had been undergoing treatment for cancer, with which he had only recently been diagnosed, at Memorial Sloan Kettering Cancer Center when he died of septic shock. He was 57. Considered by his peers to possess both artistic vision and a fine-tuned sense of the functional details and performance of buildings and infrastructure, Katz left his mark on several iconic landmarks in global capitals. These … Read More

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