Technological innovations ranging from sophisticated sensors to algorithms that sift through mountains of operational data to extract new insights are taking hold across the commercial real estate sector. But it is crucial to avoid becoming distracted by the allure of innovation for its own sake, and concentrate on how to assimilate advances in a way that generates value for companies and their clients, according to panelists at the 2018 ULI Fall Meeting in Boston.
Over the last decade, the remaking of urban districts around the United States has often led to significant neighborhood upheaval. But developers, nonprofit organizations, and public agencies are placing increasing emphasis on building equitable outcomes into development and renewal, and officials from two organizations at the forefront of that effort shared their experiences at the 2018 ULI Fall Meeting in Boston.
In an emerging “gig” economy, with each individual developing his or own brand, does leadership still matter? At the ULI Fall Meeting in Boston, Ralph Boyd, ULI senior resident leadership fellow, moderated a panel of industry notables discussing the critical importance of leadership.
Speaking at the ULI Fall Meeting, panelists said that even as experimentation with blockchain continues “fiercely,” the business world is now taking a tougher look at blockchain applications and asking why so few proofs of concept have made it to the commercial phase. That scrutiny ultimately could lead to better, more useful applications.
At the 2018 Fall Meeting in Boston, Mayor Martin Walsh called on developers and other real estate professionals to help the city and state move housing and infrastructure initiatives forward.
Real estate companies are in a uniquely powerful position to promote diversity and inclusiveness, both within their own workforces and in the communities they develop, according to panelists at ULI’s 2018 Fall Meeting in Boston.
Ride-hailing services and autonomous vehicles are already starting to change the economic formulas for transit-oriented development (TOD), a panel of developers and investors said during the ULI Fall Meeting in Boston.
Avenue Place/Avenue Terrace in Houston; Clybourn 1200 in Chicago; Keauhou Lane in Honolulu; Conway Center in Washington, D.C.; and Harbor Place Residences in Haverhill, Massachusetts, were announced as winners of the 2018 Jack Kemp Excellence in Affordable and Workforce Housing Award. The State of New York Mortgage Finance Agency and the Los Angeles County Metropolitan Transit Authority are joint winners of the 2018 Robert C. Larson Housing Policy Leadership Award.
Results from the fall ULI Real Estate Economic Forecast show a rise in economic expansion in 2018, with growth tapering in 2019 and 2020. Tax reform is largely credited with the economic bounce that has occurred this year, with gross domestic product (GDP) growth that jumped from 2.2 percent in 2017 to an expected 3 percent this year, according to the survey conducted by the ULI Center for Capital Markets and Real Estate.
Members of ULI’s new Technology and Real Estate Council discuss the disruptive effects of technologies on the real estate industry, the challenges of using “big data” effectively, and the technological applications under development for real estate.