Monthly Archives: February 2011

UrbanLand Magazine News

2011 Year of the Possible, says “Schecky” Schechner For real estate entrepreneurs, 2011 should be seen as the year of the possible – but not as a time when all dreams come true, says Sheridan “Schecky” Schechner, managing director and U.S. co-head of real estate investment banking at Barclays Capital in New York City. “Commercial real estate again has become a favored asset class,” says Schechner, a ULI Trustee and vice chair of ULI’s Commercial & Redevelopment Council. “REITs are trying to buy real estate as are private equity firms. Many investors … Read More

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ULI Infrastructure Update

Two weeks ago President Obama released the FY2012 budget. The budget strongly highlights infrastructure including a five-year non-security discretionary spending freeze and a creation of thousands of jobs through a six-year transportation plan by establishing a National Infrastructure Bank and the implementation of a high speed rail. In recent years, ULI has emphasized the need to invest in US infrastructure in several reports including the 2009 report, Transportation for a New Era. • For the full report, click here • For the FY2012 budget, click here • For recent ULI … Read More

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ULI Charlotte’s Housing Marketplace 2011

It has been four years since the last major Charlotte area affordable housing conference, and it was held near the peak of the last business boom cycle. Now in 2011, the Charlotte area’s affordable housing needs are different, lessons have been learned and new strategies should be explored to guide new affordable and workforce initiatives for the next several years. We’ll explore topics such as: Is there still an unmet need for affordable housing? Does NIMBY-opposition prevent affordable housing from expanding into “good” neighborhoods? Do affordable projects drag down host … Read More

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CCOG Awards

ULI Charlotte’s own Theresa Salmen was among the three impartial judges for Centralina Council of Governments’ (CCOG) Region of Excellence Awards. Beside Salmen was Bill Thunberg, owner of Alexander Zachary Jewelers and former Town Mayor of Mooresville, and Vi Lyles, The Lee Institute, who judged innovative projects that contributed to progression within the community. The Region of Excellence Awards honors outstanding achievements that collectively work to accomplish regional goals. • For more information about the Region of Excellence Awards and for a list of winners, click here.

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UrbanLand Magazine News

Changing Policy Priorities Have Mixed Implications for Commercial Real Estate In the effort to rebalance toward private economic activity, fiscal restraint and the unwinding of the federal government’s recession interventions will figure prominently in the agenda of the new Congress. • For the full article, click here

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UrbanLand Magazine News

Shaun Donovan’s Demand: Embrace Sustainability, If You Want Federal Money John K. McIlwain notes that for the first time in 70 years, an administration has backed away from an all-out commitment to homeownership and even pulled its support from Fannie and Freddie, says a recent U.S Treasury paper. • For the full article, click here

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UrbanLand Magazine News

Reforming America’s Housing Finance Market: The Administration’s Proposal The issuance by the U.S. Treasury of its long-awaited paper on reforming government-sponsored entities (GSEs) on February 11 has substantially changed the playing field for the housing finance reform. ULI fellow, John McIlwain, says it is now clear that underlying these changes is a seismic shift in federal policy away from wholehearted support for homeownership and toward a new and yet to be determined balance between owning and renting. • For the full article, click here

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ULI Charlotte Goes International!

Charles Teal, ULI Charlotte Chair, recently returned from a trip overseas where he was using alternative forms of transportation.  Welcome back to Charlotte, Charles!

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UrbanLand Magazine News

Small & Smart Identifying better uses for properties—such as adapting underused or vacant spaces, strip malls, and parking lots for use as mixed-use buildings— can diminish blight, strengthen a community, and activate a new tax base, thereby increasing migration back to cities. • For the full article, click here.

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Monday’s Numbers: February 21, 2011

The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders came in a “few” basis points (0.09%); financing appears available at attractive rates. • For the full article, click here

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