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According to research by Marcus & Millichap, the accelerating U.S. economy, supported by strong employment growth and rising confidence levels, bodes well for continued hotel property performance. Elevated consumer and business confidence levels will likely buoy room demand through the remainder of the year, keeping occupancy at a record high and supporting growth in revenue per available room.

In a panel discussion at ULI South Carolina’s Capital Markets Conference on Kiawah Island, participants heard from several key players in the site selection space—in both the public and private sectors. Panelists said that employers making the decisions about where to establish or relocate their businesses rarely fall in love at first sight, with timing and compromise both playing a role in the ultimate decision.

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.

At a recent ULI South Carolina event, panelists representing three distinct segments of the real estate market looked at the role of technology as a force for innovation. Common threads included identifying an inefficiency or a problem in a certain part of the market, and then using technology to solve it.

Best-selling author, entrepreneur, and New York University marketing professor Scott Galloway issued an impassioned call for the government breakup of Facebook, Amazon, Google, and Apple, telling attendees at the 2018 ULI Fall Meeting that the four giants of the digital-age economy have grown too large and powerful.

The commercial real estate sector is poised to undergo a radical technological transformation in which it will be as quick and easy to buy or sell a home as it is to order a new iPhone, in which blockchain and digital tokens will allow commercial real estate assets to be split into tiny shares that can be easily traded, and in which construction companies will deploy autonomous bulldozers to grade sites and make up for a shortage of skilled labor. Those were just some of the transformative innovations described by venture capitalist Brad Greiwe in a session on technological change at the 2018 ULI Fall Meeting in Boston.

In the closing address at the 2018 ULI Fall Meeting in Boston, social psychologist and best-selling author Amy Cuddy urged audience members to alter their physical posture, speak more slowly, and use expansive breathing to feel more powerful and open to communicating with others.

ULI’s real estate education programs tailored to students, public officials, and industry entrepreneurs are being reinforced with a gift of more than $200,000 to the ULI Foundation from ULI Trustee and former ULI Global Chief Executive Officer Patrick L. Phillips. Phillips’s contribution provides $150,000 for UrbanPlan, ULI’s popular urban development curriculum offered to high school and university students as well as public officials to raise awareness about the impact of development on the long-term future of communities, with the remainder of Phillips’s gift supporting ULI’s Real Estate Entrepreneur Program.

Developers and city leaders of Cleveland are considering how to redevelop a 400-acre (162 ha) neighborhood to the southeast of the downtown corridor. Once known as the “Forgotten Triangle,” the area is now part of the Cleveland Opportunity Corridor, with plans to reconnect the neighborhood to the University Circle area by 2021 via a multimodal boulevard.

A new online Public Infrastructure Decision Tree provides guidance to state and local government officials.