SAN FRANCISCO—In the time it takes to construct a building, technology is created, becomes outdated and is repeatedly updated, which poses a daunting challenge for developers attempting to respond to current and even future market demands, says Saffo at the ULI Fall Meeting.

SAN FRANCISCO—During a ULI Fall Meeting session, John Stumpf of Wells Fargo reasoned that a 25-basis-point rise will not be a shock to either markets or consumers and may even act as a stimulus by acting as a demonstration of confidence in the strengthening economy.

NEW YORK CITY—The metric slipped to 9.3% in the third quarter, its lowest level since 2008's Q3, when it came in at 9%, according to a new report.