At $4.4 billion, AvalonBay Communities' development pipeline is the highest it's ever been in company history. Of that total, $1.4 billion is under construction and $2.98 billion is in the planning stages. How did the Alexandria, Va.-based apartment REIT make this happen? By buying in good times and bad, just like the smart long-term investor that the company is.
During the past decade, climate change steadily has moved up the political agenda. Now, with a new administration in Washington, D.C., that has demonstrated a clear commitment to action, comprehensive climate-change legislation appears ripe for passage within the next couple of years. As a result, many industries are appropriately wondering what the new regulatory environment will mean for their businesses.
Famous architects are no longer just in the business of designing signature buildings. They are also increasingly functioning as megascale planners, hand in glove with the biggest developers in the world and with local municipalities, usually with both.