Archive for ULI

Oct
28

Congratulations to ULI South Carolina

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ULI South Carolina is the first  ULI District Council to conduct 3 Reality Checks: one in every major metropolitan area – Charleston (the Low Country Reality Check), Greenville-Spartanburg ( the Upstate Reality Check) and  now Columbia (the Midlands Reality Check). The Midlands Reality Check was attended by more than 350 community leaders from the City of Columbia as well as 8 surrounding counties. National ULI leaders have recognized the event as being one of the best conducted to date.

Well done. Congratulations!

Michael Dodds, MAI, CCIM

Categories : South Carolina News
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Jul
18

Congratulations to Steve Navarro

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Congratulations to ULI South Carolina’s Steve Navarro, President and Chief Executive Officer of CBRE|The Furman Co. based out of Greenville. On the heels of his lead role in Denver’s National ULI Fall Meeting, Mr. Navarro is one of the five newly elected ULI board members.

Board members and trustees provide guidance in advancing ULI’s mission, which is to provide leadership in the responsible use of land and in creating and sustaining thriving communities worldwide. ULI activity and participation, in addition to industry leadership, were among the criteria considered for the selection of the board members and trustees. Steve Navarro has played a critical leadership role in the success of the South Carolina district council.

Categories : South Carolina News
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May
22

ULI Members: Tour the New Greenville VA Building

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The new $30 million, 77,000 square foot Upstate Veterans Administration Out Patient Clinic (VA OPC), will be opening this summer. The building is designed to be certified as LEED Silver, however, they are currently tracking LEED gold. ULI is offering a members-only tour of this facility on Thursday May 30th.

Join us as Rich Boggan with the Veteran Affairs leads us on a tour of the new facility. We will also hear from the developer, Hughes Development Corporation; Architect, DesignStrategies; and the Contractor Brasfield & Gorrie. We will look at the process of bidding on a government contracted building as well as answer any specific questions about the structure.

This is a members-only event, and I look forward to attending. Please sign up here ULI SC

Michael Dodds, MAI, CCIM

Categories : Greenville
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Apr
09

Ten Trends from ULI’s Business Barometer

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The top ten trends in this month’s ULI Real Estate Business Barometer are:

  • Employment growth in March slowed dramatically; the unemployment rate inched down only because of a sharp decline in the workforce.
  • Total retail sales were up, though due, in large part, to a spike in gas prices. Inflation grew at its highest rate in almost four years due to the rise in energy prices. Consumer confidence dropped sharply.
  • Private construction value was up, almost entirely due to an increase in residential construction. The manufacturing sector expanded for the fourth-straight month; S&P 500 returns were strong.
  • Commercial property prices are at or near four-year highs, though still well below their prerecession peak, according to two repeat-sales indices. According to an index of REIT portfolio values, prices now surpass their prerecession peak. Cap rates remain low and stable.
  • Total commercial property transactions recovered from the prior month’s dramatic drop, as transactions in the apartment sectors vaulted. Transaction volumes in all other sectors declined.
  • CMBS issuance was down in March, but volume was still among the four highest monthly volumes in more than five years; all four of these months have occurred since November 2012. Spreads tightened a bit.
  • Total REIT returns were well above their long-term average and positive in all sectors, with the lodging/resort sector the strongest.
  • Multifamily permits have now been increasing fairly consistently for 3.5 years and starts for two years. Condominium sales volume was at a 5.5-year high and price increases were strong.
  • Single-family permits and starts continue their almost two-year steady climb, now reaching levels seen in 1982. Prices are just shy of all-time highs; sales fell.
  • Prices of existing single-family homes showed little change, according to repeat-sales indices, while prices of unpaired transactions increased slightly, but all are below prerecession highs; sales fell.

Overall, 65 percent of the key indicators in the Barometer have improved from the previous month’s Barometer; compared with a year ago, 87 percent have improved.

Categories : National News
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Feb
12

City of Columbia Seeks ULI Input

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A national panel of experts in planning and executing development efforts is in Columbia to try to break through longstanding, competing interests in the city center that hold back well-intentioned studies that have gathered dust.

Nine volunteers from as far away as California, Colorado and Washington, D.C., are joining two South Carolinians as part of an Urban Land Institute panel, said Fred Delk, director of one of Columbia’s development groups.

The goal is to devise a plan that makes Columbia’s city center more accessible and vibrant, including making it more pedestrian friendly.

This panel is sponsored by business organizations that often compete for the dollars that accompany growth, Delk, of the Columbia Development Corp., said Monday. None of the $60,000 to defray the panel’s travel expenses comes from city funds, he said.

READ MORE HERE

Categories : Columbia
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