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Beth Mattson-Teig

Beth Mattson-Teig is a freelance business writer and editor based in Minneapolis. She specializes in commercial real estate and finance topics. Mattson-Teig writes for several national business and industry publications and is the author of numerous white papers.

Over the past decade, innovation districts have been popping up around the globe, from Barcelona to Seattle. Although there is no “cookie cutter” formula to these technology-centric developments, they do have some elements in common, including a major anchor institution and a shared goal of bringing together a mix of uses within a dense urban setting.
A new report from CBRE says that major metropolitan area in the U.S. Midwest are experiencing a surge in urban revitalization, with downtown populations doubling over the last decade in cities like Cincinnati, St. Louis, and Kansas City, Missouri.
The latest ULI Real Estate Consensus Forecastcalls for relatively smooth sailing ahead as it relates to both continued economic growth and a favorable outlook for commercial real estate investment. But the forecast, which includes survey responses from 48 economists and analysts at 36 leading real estate organizations, is not as bullish as it was six months ago, and there are headwinds looming that are expected to temper growth heading into 2017.
Experts at ULI’s recent Housing Opportunity 2015 conference in Minneapolis, however, say that today’s buildings are moving ever closer to net zero becoming a practical reality.
Affordable housing projects are often ground zero for the achievement gap that exists in the United States said panelists at the ULI Housing Opportunity conference. Nearly one in four American children (22 percent as of 2013) live in poverty, with half of those children living in neighborhoods of concentrated poverty.
“The hard truth is that we really have to rebuild and build new with the expectation of likely extreme weather in the future,” said Harriet Tregoning, principal deputy assistant secretary at the U.S. Department of Housing and Urban Development, speaking on a ULI panel.
For the first time in history, more people are living in urban centers than in rural areas. “It is an amazing thing that is happening around the world,” said Henry G. Cisneros, founder and chairman of CityView, a developer and investment management firm focused on urban residential real estate in the western United States. The former secretary of U.S. Department of Housing and Urban Development said, “The jury is still out on how this plays [out], but we do know where people are going to be. They are going to be in these urban settings, and they are going to be very powerful places.”
U.S. homeownership rates continue to slide, single-family construction remains near historic lows, and existing-home sales have slowed, according to Harvard’s State of the Nation’s Housing 2015report.
New research suggests that the United States is still in the thick of a housing crisis as it relates to the accessibility of high-quality affordable housing for both homeowners and renters.
Minneapolis-based Dominium is cooking up a new use for the former Pillsbury flour mill complex on the east bank of the Mississippi River in Minneapolis. Four buildings on the 3.2-acre (1.3 ha) site are being transformed into the A-Mill Artist Lofts, a 251-unit affordable housing project that will serve working artists.
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