The latest edition of “Emerging Trends in Real

The latest edition of “Emerging Trends in Real Estate” identifies transit-oriented development as a “best bet” for investors. The annual report published by the Urban Land Institute and Pricewaterhouse Coopers says that in light of traffic congestion, high gasoline prices, and concerns about global warming, “Condominiums, apartments, and retail near light rail or subway/train stops become ‘increasingly attractive,’ almost can’t miss.” The report also says: “Focus on mixed use and infill. Fringe subdivisions without amenities lose appeal. Increasingly, people want 24-hour residential environments closer to where they work.”