We just completed our 2015 CEO Summit in New York City. This is the first of what will become an annual event, specifically designed to enable the CEOs from around the globe who sponsor our publications to come together, connect with each other, exchange ideas and debate key issues that are important to them.
From the Current Issue
Institutional investors are increasing target allocations to real estate, according to the third annual real estate allocation survey from Hodes Weill & Associates and Cornell University’s Baker Program in Real Estate, but at the same time remain significantly underallocated.
The $191.4 billion California State Teachers’ Retirement System has reduced its target returns for value-added and opportunistic real estate investments by approximately 3 percent.
The C$273 billion ($204 billion) Canada Pension Plan Investment Board has been actively investing overseas, acquiring assets in South Korea and the United Kingdom.
AXA Financial is selling two adjacent office towers in Manhattan, valued at nearly $4 billion. The office buildings are located between West 51st and West 52nd streets and Avenue of the Americas and Seventh Avenue.
According to Capgemini’s recently released U.S. Wealth Report 2015, high-net-worth individuals in the United States increased their wealth by more than $1 trillion during 2014.
NCREIF has created a new index for value-added funds: the NCREIF Fund Index – Closed-end Value-add, or NFI-CEVA.
Data from Institutional Real Estate, Inc.’s FundTracker database indicates investors are not only saying they are willing to take on more risk; they are actually doing it.
The U.S. economy is in the best shape since the global financial crisis. Job growth is up, and the unemployment rate is down. And the brightest spot right now is the technology industry, which has the fastest rate of job growth of any sector. So it’s no coincidence the property markets where tech jobs are being created are showing some of the strongest property fundamentals.
We turn to eight prominent researchers for their predictions. As they peer into their crystal balls and look ahead to 2016, most prognosticators are feeling pretty positive.
Real property is an enduring asset not significantly affected by fads and short-term trends, and typically it can afford to adapt gradually to technological advances. But occasionally a new technology emerges that dramatically affects real estate usage and values.
Despite a growing appreciation for green-building certifications, developers and owners have continued to question the return on investment from sustainability-based real estate investment strategies. We are seeing some of that reluctance evaporate in the face of a new, in-depth study.
Development in technology-oriented markets, for the most part, is unlikely to lead to oversupply, experts agree.
The ULI Real Estate Consensus Forecast (for 2015 through 2017) portends mostly favorable real estate conditions.
The nation’s two largest demographic groups — aging baby boomers who do not want to give up their freedom to get around and young adult millennials who are comfortable with the new technology — will be at the forefront of growing demand for autonomous cars.
Too much of the received real estate management wisdom is suspect, casually embraced or just plain wrong.