Pennsylvania-based 5 Cap Realty LLC (5 Cap) and its affiliate RREIC Advisors has teamed with a private equity fund vehicle managed by JMP Asset Management LLC, an affiliate of publicly traded JMP Group LLC, to launch a multi-year national investment venture that could top $1 billion in assets under management.
Cities are recognizing the risks associated with rising water levels, natural disasters, and potential epidemics. Sustainability is now an accepted part of the development “ethos” in real estate, along with increased efforts toward urban resilience. ULI’s Greenprint Center, the District of Columbia government, and Fannie Mae are among those public and private organizations at the forefront of advancing urban resiliency. Read Leslie’s Urban Land magazine for the latest information.
In an industry racked with scandals and financial challenges, Alaska Airlines has grown steadily and successfully for 85 years. As part of ULI’s tradition of inviting a chief executive officer from outside the real estate industry to each Spring Meeting, Alaska Airlines CEO Bradley Tilden took part in a “fireside chat.”“While the rest of the industry grows at more or less the rate of GDP [gross domestic product], we have grown much faster over the last 20 years,” Tilden said. “It’s hard to believe we started 85 years ago flying three-seat planes out of Anchorage.”
Contrary to some predictions, e-commerce has not made brick-and-mortar retail a thing of the past. Instead, as attendees at a ULI Spring Meeting session learned, shopping and dining are making critical contributions to activating urban spaces and helping shopping centers continuously evolve. Retail center owner/operator Westfield has actually acquired an off-Broadway theater company to enliven the shopping experience, while Nordstrom excites customers with pop-ups featuring everything from Hermes to Kylie Jenner. Learn more from Leslie Braunstein’s article in Urban Land magazine.