The document expresses gratitude to the reader. In a brief, positive statement, it conveys appreciation without providing further details or context. The message is simply one of thanks.
Transit, Jobs, and Housing: The Emerging Policy Triad (Richard Gentry) - ULI ...Virtual ULI
The document summarizes the San Diego Housing Commission's efforts to transition out of solely owning and operating public housing properties and instead leverage the equity in those properties to create new affordable housing units near transit. It discusses how SDHC created a finance plan to withdraw approximately $95 million from mortgaging some of its portfolio and using that funding to acquire or build over 700 new affordable housing units in partnership with private and non-profit developers. Many of these new units are located near trolley and bus lines to link residents to jobs and services.
A quick walk through some of the most powerful ways to get people to buy-in to your communications, marketing or fundraising ideas.
If you need something signed off - this could be for you
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help boost feelings of calmness and well-being.
Transit, Jobs, and Housing: The Emerging Policy Triad (Richard Gentry) - ULI ...Virtual ULI
The document summarizes the San Diego Housing Commission's efforts to transition out of solely owning and operating public housing properties and instead leverage the equity in those properties to create new affordable housing units near transit. It discusses how SDHC created a finance plan to withdraw approximately $95 million from mortgaging some of its portfolio and using that funding to acquire or build over 700 new affordable housing units in partnership with private and non-profit developers. Many of these new units are located near trolley and bus lines to link residents to jobs and services.
A quick walk through some of the most powerful ways to get people to buy-in to your communications, marketing or fundraising ideas.
If you need something signed off - this could be for you
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help boost feelings of calmness and well-being.
Will balthrope, Multifamily Development TodayVirtual ULI
The document lists the names of 4 individuals and 3 companies. It appears to be making some kind of reference to people and organizations but without more context it is difficult to determine the significance or relationship between the entries.
Spencer stuart, Multifamily Development TodayVirtual ULI
The document summarizes two commercial real estate deals - one that was unsuccessful in obtaining financing ("The Bad") and one that was successful ("The Good"). The Bad deal involved acquiring and redeveloping a declining shopping mall with low occupancy. Lenders were unwilling to provide financing due to the high risks involved. The Good deal involved refinancing construction debt on an office property in San Francisco with strong sponsorship and 100% occupancy. Lenders viewed it favorably due to the low leverage being requested and quality of the asset and sponsorship.
Peter porraro, Multifamily Development TodayVirtual ULI
The document summarizes the development of a 150-unit transit-oriented development apartment complex called West 130 in West Hempstead, Long Island. It discusses the market analysis that supported the need for rental housing, the selection of a site near the train station that was formerly a crime-ridden hotel, and the rezoning process. It outlines the product design of 4-story buildings with a mix of unit sizes, amenities, and underground parking. Financing details include total project costs of $44 million and a capital structure with 65% debt and 35% equity. Construction timelines and photos show the progress from site work through building completion.
Timothy mc entee, Multifamily Development TodayVirtual ULI
This document provides an overview of the Alta Aspen Grove apartment development in Littleton, Colorado. Key points include:
1) The 280-unit development has a mix of 1, 2, and 3 bedroom units and is achieving absorption of 21 units per month at $1.45-$1.50 gross rents.
2) Development costs were approximately $165,000 per unit due to low land costs of $27,000 per unit and catching the construction market during a trough.
3) The development received HUD financing at a current rate of 5.71% with mortgage insurance, providing an assumable, non-recourse loan.
Marc goldstein, Building Capital Stacks in Today's MarketVirtual ULI
The document discusses different capital stack structures for real estate investments, including some that worked and some that didn't. A Denver high-rise apartment development used a 65% construction loan with an option to add mezzanine financing up to 85% of the capital stack, which increased returns but also risk. A single tenant retail portfolio acquired using a DST structure with 50% long-term CMBS debt at 5% fixed worked well, providing a levered 6% return to investors. Factors like loan-to-value ratios, interest rates, equity multiples, and internal rates of return are compared for different deals.
Jeffrey bijur, Building Capital Stacks in Today's MarketVirtual ULI
The document discusses different capital stack structures for real estate investments. It describes a Denver high-rise apartment development that used a 65% construction loan and option to add mezzanine financing up to 85% LTV, which increased returns but also risk. It also describes a successful single tenant retail portfolio acquired using a DST structure with 50% long-term CMBS financing, which provided stable cash flows and returns. The document cautions that while increased leverage can boost returns, it also increases risk, so capital stack design is important to balance risk and return.
Perry reader, What Is the Recipe for Community Development-Let's Stir the PotVirtual ULI
This document summarizes Perry J. Reader's experience developing master planned communities and discusses trends in senior housing and re-use/downsizing of developments. It provides details on several successful developments Celebration, Baldwin Park, and Viera that combined uses and attracted residents. It also outlines Reader's current projects in North Carolina, Florida, and consulting work. Finally, it discusses trends towards more integrated senior housing options and re-developing failed projects on a smaller scale.
Jack cecil, What Is the Recipe for Community Development-Let's Stir the PotVirtual ULI
This document outlines key areas for building community in Western North Carolina: health, education, economic development, arts and culture, and environmental quality of life. It identifies Asheville's strengths in each of these areas, including healthcare, education, economic development, arts and crafts culture, and environmental quality of life, as pillars for sustainable community development in the region.
Don whyte, What Is the Recipe for Community Development-Let's Stir the PotVirtual ULI
This 3 sentence document discusses how once a person's mind is exposed to a new idea, it is permanently changed. The quote suggests that once someone learns or considers a new concept, their thinking does not return to how it was before. Their perspective is altered by the new information or way of looking at things in a way that cannot be undone.
The document discusses key trends driving changes in workplace design, including:
1) Increasing productivity and office densification as companies seek to reduce unused real estate.
2) Mobility and technology enabling remote work and less need for dedicated workstations.
3) Generational diversity as different age groups have varying needs and expectations of the workplace.
4) Globalization challenging companies to accommodate diverse cultures across regions.
5) Growing focus on health, wellness and sustainability as social responsibilities.
This document discusses trends in alternative workplace strategies and flexible work arrangements. Key points include:
1) Many companies are allowing more employees to work remotely using technologies like VPN and not requiring workers to be in the office.
2) A 2010 study found that within 5 years, over 40% of employees at many organizations could be utilizing flexible workplace arrangements.
3) The author's clients are reducing their office footprints significantly and consolidating locations to cut real estate costs by $60-100 million annually.
4) Successful flexible strategies require changes to both workplace policies and work styles, and a "Place Strategy" to organize how work gets done across space and time.
Tom caputo, Repositioning and Restructuring RetailVirtual ULI
The document discusses four retail properties - Sheridan Plaza in Hollywood, FL, Boca Village Square in Boca Raton, FL, Pine Ridge Square in Coral Springs, FL, and Broadway Plaza in Bronx, NY - that have undergone repositioning and restructuring work, including before and after photos of renovations at Sheridan Plaza, Boca Village Square, and Pine Ridge Square.
Robert grossman, Repositioning and Restructuring RetailVirtual ULI
This document discusses how the rise of online retail is putting pressure on traditional brick-and-mortar stores. It notes that online sales are growing much faster than traditional retail sales. This shift is translating to excess physical store space for many retailers. The document advocates that retailers re-evaluate their real estate strategy by recognizing surplus square footage, evolving physical stores to enhance the customer experience, and planning for potentially smaller or fewer stores going forward to account for the ongoing migration of sales online.
Michael carroll, Repositioning and Restructuring RetailVirtual ULI
This document summarizes several shopping center redevelopment projects. It describes projects to expand or renovate existing grocery stores, add new anchors like Walmart, and redevelop spaces like a former movie theater to attract tenants. The goal is to update centers, fill vacancies, and capitalize on strong trade areas through repositioning and adding traffic-generating anchors.
The Urban Land Institute is a nonprofit research and education institute with 30,000 members globally from industries related to real estate development and land use. Its mission is to provide leadership in the responsible use of land and in creating thriving communities worldwide. It connects people through its membership directory and global meetings, and builds better communities through initiatives focused on infrastructure, planning, and developing public leaders.
Michael smith, Urban Environments Built on Innovative ThinkingVirtual ULI
Urban environments are increasingly being built with innovative thinking in mind. Designers and planners are focusing on sustainability, connectivity, and livability when developing new urban spaces. Creative solutions around transportation, energy usage, public services, and community engagement can help cities thrive while minimizing environmental impact.
Urban Environments Built on Innovative ThinkingVirtual ULI
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help boost feelings of calmness, happiness and focus.
Ron kimble, Urban Environments Built on Innovative ThinkingVirtual ULI
The document discusses Charlotte, North Carolina's Levine Center for the Arts which includes several arts organizations like the John S. and James L. Knight Theater, The Bechtler Museum of Modern Art, The Mint Museum Uptown, and The Harvey B. Gantt Center for African-American Arts+Culture. It also mentions the Duke Energy Center. The major partners involved in developing the arts center are listed, including the City of Charlotte, Mecklenburg County, and Duke Energy. Critical agreement terms for the project such as the purchase price, property tax guarantees, and construction period financing are also outlined.
The document discusses transportation challenges and plans for the Charlotte region through 2035. It outlines plans to expand the rapid transit system along 5 corridors to provide more mobility options. While some projects like the LYNX Blue Line have been successful, funding shortfalls remain an issue. The region must continue long-term planning to envision the 2050 system and address challenges like incorporating rapid transit across county lines.
The document summarizes development along the South Corridor light rail line in Atlanta. It finds that development has been strongest in the South End near downtown, with over $300 million in new tax value and nearly 2,000 new housing units. Development has been limited in the mid-corridor and southern stations due to lower walkability, housing values, and distance from downtown. Other factors like station visibility, feasibility of redevelopment, and existing character also influence development success at different stations.
Will balthrope, Multifamily Development TodayVirtual ULI
The document lists the names of 4 individuals and 3 companies. It appears to be making some kind of reference to people and organizations but without more context it is difficult to determine the significance or relationship between the entries.
Spencer stuart, Multifamily Development TodayVirtual ULI
The document summarizes two commercial real estate deals - one that was unsuccessful in obtaining financing ("The Bad") and one that was successful ("The Good"). The Bad deal involved acquiring and redeveloping a declining shopping mall with low occupancy. Lenders were unwilling to provide financing due to the high risks involved. The Good deal involved refinancing construction debt on an office property in San Francisco with strong sponsorship and 100% occupancy. Lenders viewed it favorably due to the low leverage being requested and quality of the asset and sponsorship.
Peter porraro, Multifamily Development TodayVirtual ULI
The document summarizes the development of a 150-unit transit-oriented development apartment complex called West 130 in West Hempstead, Long Island. It discusses the market analysis that supported the need for rental housing, the selection of a site near the train station that was formerly a crime-ridden hotel, and the rezoning process. It outlines the product design of 4-story buildings with a mix of unit sizes, amenities, and underground parking. Financing details include total project costs of $44 million and a capital structure with 65% debt and 35% equity. Construction timelines and photos show the progress from site work through building completion.
Timothy mc entee, Multifamily Development TodayVirtual ULI
This document provides an overview of the Alta Aspen Grove apartment development in Littleton, Colorado. Key points include:
1) The 280-unit development has a mix of 1, 2, and 3 bedroom units and is achieving absorption of 21 units per month at $1.45-$1.50 gross rents.
2) Development costs were approximately $165,000 per unit due to low land costs of $27,000 per unit and catching the construction market during a trough.
3) The development received HUD financing at a current rate of 5.71% with mortgage insurance, providing an assumable, non-recourse loan.
Marc goldstein, Building Capital Stacks in Today's MarketVirtual ULI
The document discusses different capital stack structures for real estate investments, including some that worked and some that didn't. A Denver high-rise apartment development used a 65% construction loan with an option to add mezzanine financing up to 85% of the capital stack, which increased returns but also risk. A single tenant retail portfolio acquired using a DST structure with 50% long-term CMBS debt at 5% fixed worked well, providing a levered 6% return to investors. Factors like loan-to-value ratios, interest rates, equity multiples, and internal rates of return are compared for different deals.
Jeffrey bijur, Building Capital Stacks in Today's MarketVirtual ULI
The document discusses different capital stack structures for real estate investments. It describes a Denver high-rise apartment development that used a 65% construction loan and option to add mezzanine financing up to 85% LTV, which increased returns but also risk. It also describes a successful single tenant retail portfolio acquired using a DST structure with 50% long-term CMBS financing, which provided stable cash flows and returns. The document cautions that while increased leverage can boost returns, it also increases risk, so capital stack design is important to balance risk and return.
Perry reader, What Is the Recipe for Community Development-Let's Stir the PotVirtual ULI
This document summarizes Perry J. Reader's experience developing master planned communities and discusses trends in senior housing and re-use/downsizing of developments. It provides details on several successful developments Celebration, Baldwin Park, and Viera that combined uses and attracted residents. It also outlines Reader's current projects in North Carolina, Florida, and consulting work. Finally, it discusses trends towards more integrated senior housing options and re-developing failed projects on a smaller scale.
Jack cecil, What Is the Recipe for Community Development-Let's Stir the PotVirtual ULI
This document outlines key areas for building community in Western North Carolina: health, education, economic development, arts and culture, and environmental quality of life. It identifies Asheville's strengths in each of these areas, including healthcare, education, economic development, arts and crafts culture, and environmental quality of life, as pillars for sustainable community development in the region.
Don whyte, What Is the Recipe for Community Development-Let's Stir the PotVirtual ULI
This 3 sentence document discusses how once a person's mind is exposed to a new idea, it is permanently changed. The quote suggests that once someone learns or considers a new concept, their thinking does not return to how it was before. Their perspective is altered by the new information or way of looking at things in a way that cannot be undone.
The document discusses key trends driving changes in workplace design, including:
1) Increasing productivity and office densification as companies seek to reduce unused real estate.
2) Mobility and technology enabling remote work and less need for dedicated workstations.
3) Generational diversity as different age groups have varying needs and expectations of the workplace.
4) Globalization challenging companies to accommodate diverse cultures across regions.
5) Growing focus on health, wellness and sustainability as social responsibilities.
This document discusses trends in alternative workplace strategies and flexible work arrangements. Key points include:
1) Many companies are allowing more employees to work remotely using technologies like VPN and not requiring workers to be in the office.
2) A 2010 study found that within 5 years, over 40% of employees at many organizations could be utilizing flexible workplace arrangements.
3) The author's clients are reducing their office footprints significantly and consolidating locations to cut real estate costs by $60-100 million annually.
4) Successful flexible strategies require changes to both workplace policies and work styles, and a "Place Strategy" to organize how work gets done across space and time.
Tom caputo, Repositioning and Restructuring RetailVirtual ULI
The document discusses four retail properties - Sheridan Plaza in Hollywood, FL, Boca Village Square in Boca Raton, FL, Pine Ridge Square in Coral Springs, FL, and Broadway Plaza in Bronx, NY - that have undergone repositioning and restructuring work, including before and after photos of renovations at Sheridan Plaza, Boca Village Square, and Pine Ridge Square.
Robert grossman, Repositioning and Restructuring RetailVirtual ULI
This document discusses how the rise of online retail is putting pressure on traditional brick-and-mortar stores. It notes that online sales are growing much faster than traditional retail sales. This shift is translating to excess physical store space for many retailers. The document advocates that retailers re-evaluate their real estate strategy by recognizing surplus square footage, evolving physical stores to enhance the customer experience, and planning for potentially smaller or fewer stores going forward to account for the ongoing migration of sales online.
Michael carroll, Repositioning and Restructuring RetailVirtual ULI
This document summarizes several shopping center redevelopment projects. It describes projects to expand or renovate existing grocery stores, add new anchors like Walmart, and redevelop spaces like a former movie theater to attract tenants. The goal is to update centers, fill vacancies, and capitalize on strong trade areas through repositioning and adding traffic-generating anchors.
The Urban Land Institute is a nonprofit research and education institute with 30,000 members globally from industries related to real estate development and land use. Its mission is to provide leadership in the responsible use of land and in creating thriving communities worldwide. It connects people through its membership directory and global meetings, and builds better communities through initiatives focused on infrastructure, planning, and developing public leaders.
Michael smith, Urban Environments Built on Innovative ThinkingVirtual ULI
Urban environments are increasingly being built with innovative thinking in mind. Designers and planners are focusing on sustainability, connectivity, and livability when developing new urban spaces. Creative solutions around transportation, energy usage, public services, and community engagement can help cities thrive while minimizing environmental impact.
Urban Environments Built on Innovative ThinkingVirtual ULI
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help boost feelings of calmness, happiness and focus.
Ron kimble, Urban Environments Built on Innovative ThinkingVirtual ULI
The document discusses Charlotte, North Carolina's Levine Center for the Arts which includes several arts organizations like the John S. and James L. Knight Theater, The Bechtler Museum of Modern Art, The Mint Museum Uptown, and The Harvey B. Gantt Center for African-American Arts+Culture. It also mentions the Duke Energy Center. The major partners involved in developing the arts center are listed, including the City of Charlotte, Mecklenburg County, and Duke Energy. Critical agreement terms for the project such as the purchase price, property tax guarantees, and construction period financing are also outlined.
The document discusses transportation challenges and plans for the Charlotte region through 2035. It outlines plans to expand the rapid transit system along 5 corridors to provide more mobility options. While some projects like the LYNX Blue Line have been successful, funding shortfalls remain an issue. The region must continue long-term planning to envision the 2050 system and address challenges like incorporating rapid transit across county lines.
The document summarizes development along the South Corridor light rail line in Atlanta. It finds that development has been strongest in the South End near downtown, with over $300 million in new tax value and nearly 2,000 new housing units. Development has been limited in the mid-corridor and southern stations due to lower walkability, housing values, and distance from downtown. Other factors like station visibility, feasibility of redevelopment, and existing character also influence development success at different stations.