ULI Minnesota: 16th Annual Economic Outlook


2023-06-13T08:00:00 - 2023-06-13T10:00:00

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    Westminster Hall 1200 Marquette Avenue Minneapolis, MN 55403 UNITED STATES


    Pricing Members Non-Members
    Private $79.00 $119.00
    Public/Academic/Nonprofit $59.00 $89.00
    Retired $79.00 N/A
    Student $59.00 $89.00
    Under Age 35 $59.00 $89.00
    Register by May 31st to take advantage of the 15% off early bird pricing!
    1.5 HRS of MN Department of Commerce Real Estate CE Credits have been applied for and are pending approval.
    On-site parking is available at a cost of $10.

    Join us for ULI Minnesota’s 16th Annual Economic Outlook to gain insights into the shifting real estate market! In this time of economic uncertainty, come together with ULI leaders to explore areas of both consensus and disagreement on key economic indicators.

    This June 13, we are bringing Scottie Lee, Vice President of Strategy & Research for Equity Residential, to Minnesota to share ULI’s Real Estate Economic Forecast, a semiannual survey of economists and analysts at the nation’s leading real estate organizations and delve into the near-term and longer-term projections for key economic and real estate indicators and their impact on commercial real estate. We’ll explore indicators from GDP and employment figures to commercial real estate transactions and property sector performance. Dig into perspectives on rising interest rates, recent bank failures, commercial office vacancies, shifting cap rates, labor trends, and pressures in the housing market.

    Starting at 8am for breakfast and networking at Westminster Hall in Downtown Minneapolis, followed by a keynote address focused on commercial real estate trends by Scottie Lee and Grant Martin (Principal, LOCi Consulting) and a robust panel discussion bringing in perspectives from the Federal Reserve Board of Minneapolis (Ron Feldman, First Vice President and COO) and the Center for Economic Inclusion (Tawanna Black, Founder & CEO) on broader economic trends and where the economy is headed with a deep dive on regional and local dynamics.



    Scottie Lee

    Vice President of Strategy & Research, Equity Residential

    Scottie Lee is Vice President, Strategy & Research at Equity Residential in Chicago where he manages a team responsible for market research, sustainability, resilience, energy and environmental. Prior to Equity, Mr. Lee served as Vice President, Strategy & Analytics at Taubman where he oversaw corporate strategy, market research, financial planning & analysis, and financial & data analytics. Mr. Lee is a member of the Urban Land Institute (ULI). He participates in ULI's Real Estate Economic Forecast Survey, Real Estate Research Forum and ULI Greenprint. He previously served on ULI Michigan’s Technology Local Product Council and was a member of ULI Michigan’s Larson Center for Leadership’s inaugural class. Mr. Lee, an ICSC member, is an emeritus member of ICSC’s North America Research Group, former co-chair of the Planning Committee for the ICSC Research Connections and a recipient of ICSC's Global Researcher Gold Medallion Award (2022). He is also a member of Real Estate Roundtable’s Research Committee, where he participates in the Affordable Housing Working Group, and NMHC. He previously served on the Governing Board of Detroit Chief Data Officer. Mr. Lee received an MBA with High Distinction from the University of Michigan and a BS in Industrial Engineering and Economics from Northwestern University.


    Grant Martin

    Principal, LOCi Consulting LLC

    Grant Martin has over 15 years’ experience conducting market research and providing critical recommendations for retail and other real estate uses. An excellent communicator, Grant effectively drives strategy through a combination of deep market understanding and thorough data analysis. He understands that clients need tailored, cost-effective methodologies that drive true value for their organizations. Grant helps organizations find the right locations for market expansion, identify key customer segments, or develop forecasting models to assess multiple locations. If you need a market study to support the financing of your project or to help you tailor your approach to the specifics of a market, Grant will put together the right approach to fit your needs. His focus includes retail, office, residential, and mixed use.


    Tawanna Black

    Founder & CEO, Center for Economic Inclusion

    Tawanna A. Black is a nationally recognized thought leader known for influencing, inspiring, and equipping cross-sector leaders to transform a personal conviction for equality into actions that produce equitable and thriving communities. For more than 20 years, Tawanna has led multi-sector collaboratives, triple bottom line diversity and inclusion strategy development, and economic revitalization organizations in Kansas, Iowa, Nebraska, and Minnesota. In 2017, Tawanna launched the Center for Economic Inclusion, the nation’s first organization dedicated exclusively to creating inclusive regional economies by equipping public and private sector employers to dismantle institutional racism and build shared accountability for inclusive economic growth. As Founder and Chief Executive Officer, Tawanna leads a team of people who offer ground-breaking consulting products and services to move businesses and local and regional governments from diversity and inclusion programs to triple bottom line results that are good for employees, employers, and communities; foster shared accountability for regional inclusive growth; change the narrative about the economic imperative and value of closing racial wealth gaps. Prior to founding the Center, Tawanna was Executive Director of the Northside Funders Group. The place-based funders collaborative comprised of 20 corporate, community, and private foundations and public-sector investors committed to aligning investments and strategies and changing philanthropic practices to catalyze racial and economic equity in North Minneapolis. Before moving to Minnesota, Tawanna led diversity and inclusion for Cox Communications in Omaha, Nebraska, where she served as an advisor to the senior management team, establishing the first business inclusion strategy, responsible for setting the highest standards for business growth, innovation, and stakeholder return by ensuring that the company understood and acted upon the needs of diverse communities. Prior to Cox, Tawanna served as the first Executive Director for Destination Midtown, leading an unprecedented community economic development public-private partnership. Her visionary leadership led to more than $500 million of re-investment, attracting over 30 small businesses, and building the civic infrastructure for meaningful co-creation between residents, small and large businesses and policy makers in the historic heart of Omaha in just three years. Tawanna is a Non-Resident Senior Fellow of the Brookings Institution Metropolitan Policy Program. She has a Bachelor of Public Administration Degree from Washburn University in Topeka, KS. Tawanna’s accomplishments and civic leadership have been recognized with many awards and commendations, including: City of Minneapolis History Maker (2021), Twin Cities Business Community Impact Award (2021), Washburn University Alumni Fellow (2018), Twin Cities Business 100 People to Know (2017); Minneapolis- St. Paul Business Journal’s Women in Business Award (2017); Minnesota Business Magazines’ Real Power 50 (2017); selected as one of the nation’s Top 25 Disruptive Leaders working to close racial gaps by Living Cities (2016); recipient of the prestigious Bush Fellowship by the Bush Foundation (2014), and Midlands Business Journal’s (Omaha) 40 Under 40 (2004). Tawanna has lent her leadership to over 35 nonprofit and philanthropic boards over the past decade. Today, she generously lends her time to: Minnesota Tech Association Board of Directors; Washburn University Alumni Foundation Board of Trustees; Community Advisory Board of the Minneapolis Federal Reserve Bank’s Opportunity & Inclusive Growth Institute; and the Minneapolis-St. Paul Chapter of The Links, Incorporated. Tawanna is married to Eric Black and has two children, Traviata (11) and Christian (9).


    Ron Feldman

    First Vice President and COO, Federal Reserve Bank of Minneapolis

    Ron Feldman is first vice president and chief operating officer at the Federal Reserve Bank of Minneapolis, where he leads Bank operations, including finance and budgeting, strategic planning, workforce and talent development, and performance against strategic objectives. Feldman is also a primary adviser on monetary policy, playing a leadership role in preparing for Federal Open Market Committee meetings and in the development and communication of positions on monetary policy. An expert on financial institutions and related government policies, Feldman has authored more than 50 articles on topics related to banking, finance, and monetary policy. He is one of the foremost authorities on the too-big-to-fail problem, co-authoring Too Big to Fail: The Hazards of Bank Bailouts, published by the Brookings Institution (2004). Since joining the Bank in 1995, Feldman has served as a senior officer for Supervision, Regulation, and Credit and has run the Financial Services Support Office, which assists in the oversight of the Federal Reserve’s financial services. He has a B.A. with distinction from the University of Wisconsin and an M.P.A. from the Maxwell School, Syracuse University, where he was a university fellow. He is a fellow of the National Academy of Public Administration. Feldman is married and the father of three children. He is an active community member, serving on the boards of Second Harvest Heartland and Beth El Synagogue. He is on the Board of Visitors for the University of Wisconsin-Madison History Department.