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Real Estate Executive Insight Speaker Series Bob Lux – Inside the Mind of A Developer

 

Real Estate Executive Insight Series

Bob Lux – Inside the Mind of A Developer 

Event Details Tuesday, March 28th 2017 5:30 p.m. University of St. Thomas, Minneapolis Campus Schulze Hall, Room 127

A candid conversation with industry leader Bob Lux, Founder Alatus LLC

Quality real estate development requires innovative thinking. Bob Lux, founder of Alatus LLC, has been in the real estate development and investment business for over 30 years. His company’s mission is to provide innovative solutions and high quality projects by wisely using his team’s talents and strengths to achieve the client’s vision and form a better community.   Lux will discuss the challenges, opportunities and trends in developing residential and commercial real estate in the Twin Cities. Lux will also share his views on the condo market and as the largest private owner of parking facilities in Minnesota Bob will outline his expectations for future parking and infrastructure needs in the downtown area.

Agenda 5:30-6 p.m. Networking 6-7 p.m. Presentation by Bob Lux

Register Today
 
Best of Real Estate Matters, Commercial Real Estate, Development, Green Building, Historic Tax Credits, Housing Trends, Investment Real Estate, Minneapolis / St. Paul Housing, Minnesota Real Estate Hall of Fame, Minnesota Real Estate Journal, Real Estate Programs, Real Estate Trends, Think Outside The Box, Twin Cities Real Estate, Urban Planning, UST Real Estate in the News

New Members of Minnesota Real Estate Hall of Fame Announced

The Minnesota Real Estate Hall of Fame, established in 2010 by the Shenehon Center for Real Estate at the University of St. Thomas Opus College of Business, will add three new members in a morning ceremony Thursday, Nov. 5th, at the Golden Valley Golf and Country Club.

Members of the Minnesota Real Estate Hall of Fame are chosen for their outstanding business performance, high standards of ethics and community activities. The three new members

Dan DolanWells Fargo

For more than 50 years, Dan Dolan has pursued a career in real estate. He was a leader in improving the professional and ethical standards in real estate and was an early promoter and employer of women in real estate sales. His real estate developments include the Evergreen Community, an upscale residential development in Woodbury; and the Oakdale Crossing Business Park.

Throughout his career, Dolan has been actively involved in boards and fundraising, including the merger of Cretin and Durham high schools, fund raising for the University of St. Thomas, and serving as King Boreas XLII in the 1978 St. Paul Winter Carnival. He may be eligible for retirement, but Dolan is just as passionate as ever about real estate development and continues to receive offers of employment in the industry.

Larry Laukka  

Since 1962, Larry Laukka has actively served in all  aspects of the real estate industry, but primarily in the building and development business. Laukka’s experience has included the design, development, financing, construction and marketing of more than 6,000 dwelling units and home sites throughout the greater Twin Cities community, and the management of approximately 3,000 owner-occupied townhomes and condominiums. His leadership roles include president and director of the Minneapolis Builders Association (MBA), senior life director of the National Association of Home Builders (NAHB) and founder of the Minnesota Housing Institute (MHI), which served the real estate industry’s state-wide needs to commercially promote home ownership and legislative action.

In the 1960s, Laukka worked with The Near Northside Re-Development Agency, a community based organization established to guide the redevelopment of the near north side of Minneapolis. The agency focused on the growing need for market rate housing and led to the development of single-family housing, hailed as “The Suburb in the City.”  After being approached by Governer Wendell Anderson, Laukka helped develop the State Housing Finance Agency and chaired the Minnesota State Housing Code Advisory Board until a state-wide building code was in place. Most recently, he served on the Fairview Southdale Hospital board of trustees and chaired the development of its new Carl N. Platou Emergency Center opened August 2015.

James Solem

For more than 40 years, James Solem provided outstanding leadership and tireless work in real estate finance and public policy, supporting the development of rental and ownership housing for low and moderate income households. He was the executive director of the Minnesota State Planning Agency from 1970 to 1978, and served as commissioner of the Minnesota Housing Finance Agency from 1978 to 1994 – a position he was appointed to five times by three Minnesota governors. From 1994 to 2000, Solem was the regional administrator for the Metropolitan Council, leading the long-range planning for transit, wastewater, parks and community development in the seven-county metropolitan area.  From 2000 – 2006, at the University of Minnesota’s Center for Urban and Regional Affairs (CURA), he led a project to bring new ideas to the issues of affordable housing and regional growth.

Now retired from the Metropolitan Council, Solem is active with consulting and volunteer service. He is chairman of the board of the Community Reinvestment Fund and of the boards of Common Bond Housing Corporation and the Greater Minnesota Housing Fund. Throughout his career, Solem demonstrated an exceptional knowledge of operations and governmental polices, brought a high level of ethical standards to the real estate industry and championed those most in need.

The program is open to the public and the cost is $60. More information is available at http://www.stthomas.edu/centers/shenehon/minnesota-real-estate-hall-of-fame/

To register use the following link:    https://webapp.stthomas.edu/eventregistration/ust/register.jsp?eventcrn=B1973

The Minnesota Real Estate Hall of Fame now has 30 members. Previously named were:

  • 2010: Tony Bernardi, Lloyd Engelsma, Gerald Rauenhorst, William Reiling, Jim Ryan and Sam Thorpe Sr.
  • 2011: Robert Hoffman, Darrel Holt, Bernard Rice, Emma Rovick and five members of the Dayton family: Bruce and the late Douglas, Donald, Kenneth and Wallace.
  • 2012: David Bell, Robert Boblett Sr., Philip Smaby and Boyd Stofer.
  • 2013: Leonard Bisanz, Helen Brooks, Thomas Crowley, M.A. Mortenson Sr. and Kenneth Stensby.
  • 2014: George Karvel Ph.D., Cyril “Cy” Kuefler Sr., Jim Stanton

 

Green Building, Housing, Real Estate Programs, Residential Real Estate, Think Outside The Box, UST Program News

House Benefitting UST Real Estate Programs Featured in Spring 2014 Parade of Homes

The house constructed to benefit UST Real Estate Programs will be one stop on the 2014 Spring Parade of Homes tour.  The two-story home, located at 6443 McCauley Terrace in Edina, includes MN Green Path Energy Efficient features.  Other showcases include a sports court, third-floor loft, media room, owners’ suite, junior suite, five bedrooms and six baths. The home is nestled on a quiet, wooded cul-de-sac on Arrowhead Lake.

6443 McCauley Terrace, Edina

6443 McCauley Terrace, Edina

The general contractor on the project is JMS Custom Homes who is also a major sponsor, donating its services to complete the home on time and on budget. Many other donors and sponsors have donated to the project both with in-kind gifts and building materials, including members of UST’s Real Estate Advisory Board. Sponsors to date include Crown Bank, Edina Realty, JMS Custom Homes, Marvin Windows and Doors, Shenehon Company, Alexander Design Group, Metropolitan Pipe and Supply, Outdoor Designs, Builders Association of the Twin Cities, Kraus Anderson, Barton Sand and Gravel, Cemstone, Muska Lighting, Regalwood Cabinets, Veit, Warners Stellian, and Ziegler.

Additionally, two UST undergraduate real estate students are working as interns with JMS Custom Homes during the construction and sale of a single-family home. These students
are receiving valuable experience overseeing the homebuilding process from start to finish.

The list price of the home is $1,695,000. The difference between the sale price of the home and the cost to build the home will be donated to support scholarships for St. Thomas students enrolled in the university’s real estate degree programs.

Custom Kitchen

Custom Kitchen

The Spring 2014 Parade of Homes is open March 1-30, Thursdays through Sundays noon to 6pm and The Remodelers Showcase is open March 28 from 1 to 7pm and March 29-30 from noon to 6pm. For more information, visit the Parade of Homes site.

Housing, Real Estate Programs, Residential Real Estate, Uncategorized, UST Program News, UST Real Estate in the News

Real Life Multimillion Dollar Real Estate Lesson for UST Students

By Kate Renner, published 2/11/2014, KSTP.com

It’s a real life real estate lesson. Some University of St. Thomas real estate students are taking part in a multimillion dollar home build, and soon a home sale.

The house, which is built on the last empty lakeshore lot in Edina is weeks away from completion. When the house is completed, it will be on the Parade of Homes tour starting March 1, and after that it’ll be put on the market.

The proceeds could raise the University of St. Thomas real estate program hundreds of thousands of dollars.
The cabinets that St. Thomas Senior Teresa Lingg helped pick out were installed in the kitchen Tuesday. Lingg was one of two student interns who worked with professional builders and contractors, who donated much of their time and materials to build the Edina house.

JMS Custom Homes is building the house as close to “at cost” as possible, for roughly $1.5 million, but the asking price will be much higher.

Continuing reading on KSTP. com

Green Building, Real Estate Programs, Residential Real Estate, Think Outside The Box, Uncategorized, UST Program News, UST Real Estate in the News

Proceeds From Home Under Construction in Edina Intended to Benefit UST Real Estate Education Programs

Construction has begun in Edina on a single-family house that will be sold to raise money for real estate education programs at the University of St. Thomas and serve as a learning tool for undergraduate and graduate students during the fall 2013 semester.

The house at 6443 McCauley Terrace, southeast of Highways 169 and 212-62, will overlook the west side of Arrowhead Lake. JMS Custom Homes, whose owner Jeff Schoenwetter is a member of the St. Thomas Real Estate Advisory Board, is the builder, and the Alexander Design Group of Wayzata is the architect.

Representatives from St. Thomas, JMS Custom Homes, and the UST Real Estate Advisory Board break ground on the home in Edina.

Representatives from St. Thomas, JMS Custom Homes, Edina Realty and the UST Real Estate Advisory Board break ground on the home in Edina.

Crown Bank of Edina will provide all construction funding to JMS for the 5,900-square-foot house, which will have four bedrooms and five bathrooms.

JMS and Alexander Design Group are donating services. Other expected donors include Edina Realty, which will market the house and provide financing for qualified purchasers; Shenehon Co., appraisal services; Fabyanske Westra Hart & Thomson, legal services; and various subcontractors.

Continue reading on the St. Thomas Newsroom.

Commercial Real Estate, Real Estate Programs, Real Estate Trends, Uncategorized

Women in Commercial Real Estate Continue to Battle Glass Ceiling

From Finance & Commerce, June 7, 2013.

Women are slowly but surely expanding their roles in the commercial real  estate industry, from brokers and property managers to CPAs — and yes — even  CEOs. Yet the majority of women continue to bump into the glass ceiling in what  remains a male-dominated profession.

Photo credit: Bill Klotz, Finance & Commerce

Photo credit: Bill Klotz, Finance & Commerce

“At the end of the day, if one-third of the commercial real estate  professionals are women and only 4 percent are the top professionals, there is  absolutely something that is not working,” said Collete English Dixon, a  principal in transactions at Prudential Real Estate Investors in Chicago.

Across all disciplines, women are making it to the middle ranks such as vice  president, but they are having a difficult time getting past that level, she  said.

Continue reading article on the Finance & Commerce site.

Real Estate Programs, Uncategorized, Upcoming Industry Events, Upcoming UST Events

Join us at the Women in Real Estate Conference!

Co-sponsored by the Shenehon Center for Real Estate and MNCREW, this half day event will feature a keynote presentation by Collete English Dixon, Past President of CREW Network and Principal at Prudential Real Estate Investors, and a panel discussion about the changing working environment for women in commercial real estate.

vertical_campus_mpls1Event Details:
Women in Commercial Real Estate Conference
Thursday, June 6, 2013 8:00 a.m. – 11:30 a.m.
University of St. Thomas, Opus Hall room 201
MNCREW member rate: $45, Non-member rate: $65
Register Today!

This program has been approved for 2 hours of real estate agent/broker continuing education credit through the Minnesota Department of Commerce.

Conference Schedule:

8:00 a.m. – 9:00 a.m.
Registration, Breakfast, and Networking

9:00 a.m. – 10:00 a.m.
Keynote Presentation

10:00 a.m. – 10:30 a.m.
Networking Break

10:30 a.m. – 11:30 a.m.
Panel Discussion

About our presenters:

Keynote Presenter

Collete English Dixon, vice president of transactions, Prudential Real Estate Investors

Collete English Dixon’s work ethic is legendary in the commercial real estate business. She began her career at Prudential in 1979 as an asset management analyst. Today, as the vice president of transactions, Collete is responsible for a team who has completed more than $2 billion in portfolio assets. During her presentation, Collete will give an update on capital markets and share the CREW network research results. She will also discuss her career story and share lessons learned along the way.

Women in Commercial Real Estate Panel

Moderator: Valerie Doleman, vice president of marketing and growth strategy, Guaranty Commercial Title, Inc.

Panelists:

  • Helen Brooks, former vice president, Colliers Towle Real Estate
  • Annalisa Cariveau, real estate developer, Alpha Theory, LLC.
  • Gina Dingman, president and NAI director, NAI Everest
  • Keri Kindelspire, director of business development and marketing, Anderson Companies

With careers spanning over five decades, our panelists will discuss how the commercial real estate industry has evolved over time for women. Representing three different generations, our panelists will share experiences from their past and present, and discuss where they see the future of the commercial real estate business.

Register Today!

Minnesota Real Estate Hall of Fame, Real Estate Programs, Upcoming UST Events

Reminder: Nomination deadline for the 2013 MN Real Estate Hall of Fame is May 1

Nominations are being accepted for the 2013 Minnesota Real Estation Hall of Fame through May 1.

The Minnesota Real Estate Hall of Fame has been established to honor, preserve and perpetuate the names and outstanding accomplishments of real estate leaders who have made a significant contribution in real estate and demonstrated care and concern for improving their community as a business leader.

A real estate leader is someone who:

  • has made a significant contribution as a leader in the field of real estate.
  • has impacted his or her particular area of real estate and should be recognized primarily as an exceptional role model in his or her discipline.
  • has displayed the highest level of ethics in his or her business practices.
  • has improved his or her community as a business leader.

Do you know someone who fits this description? Nominate them for the Minnesota Real Estate Hall of Fame.

Minnesota Real Estate Hall of Fame, Real Estate Programs, Uncategorized, Upcoming UST Events

Nominations now being accepted for the 2013 Minnesota Real Estate Hall of Fame

The Minnesota Real Estate Hall of Fame has been established to honor, preserve and perpetuate the names and outstanding accomplishments of real estate leaders who have made a significant contribution in real estate and demonstrated care and concern for improving their community as a business leader.

The Shenehon Center for Real Estate at the University of St. Thomas Opus College of Business began honoring members of the Minnesota real estate community with induction into the Minnesota Real Estate Hall of Fame in 2010. 2012 Hall of Fame

Nominations are now being accepted for the 2013 Minnesota Real Estation Hall of Fame.

A real estate leader is someone who:

  • has made a significant contribution as a leader in the field of real estate.
  • has impacted his or her particular area of real estate and should be recognized primarily as an exceptional role model in his or her discipline.
  • has displayed the highest level of ethics in his or her business practices.
  • has improved his or her community as a business leader.

Do you know someone who fits this description? Nominate them for the Minnesota Real Estate Hall of Fame.

Nominations received before May 1 will be reviewed for the current year. Those received after May 1 will be considered for 2014. All nominees will be considered for induction for up to three years after being nominated.

Hall of Fame Award Criteria  

Nominations are not limited to University of St Thomas graduates.   The selection committee will give weight to such accomplishments as starting and building a business, leading an established business to significantly greater achievements, major transactions and innovative projects.

Other factors that may be considered include industry recognitions, being an industry pioneer or leader and recognition by others for achievements. The selection committee has the responsibility and discretionary power to make its determinations from the pool of nominations submitted.

Executive Insight Series, Real Estate Programs, Uncategorized, Upcoming UST Events

Spring 2013 Executive Insights Speakers Announced!

The Real Estate Executive Insight Series invites speakers from the real estate industry to provide valuable information and discussion about hot topics and current trends. This is a free program and is open to the public. All sessions are held from 5:45 p.m. – 7:00 p.m. Registration is required.

We are excited to announce a great line-up of speakers and topics for spring term of 2013.

Tuesday, February 19
Valuation Issues in Today’s Commercial Real Estate Environment
Speaker: Rob Lunz, Nicollet Partners

Tuesday, March 5
Commercial Real Estate Finance
Speaker: Ken Dayton, Oak Grove CapitalUST Opus

Tuesday, March 19
Development Opportunities in Today’s Market
Speaker: David Kordonowy, Steiner Development

Tuesday, April 9
Property Management Challenges of an Iconic Office Property
Speaker: Jim Durda, IDS Center

Tuesday, April 23
Investment Sales Market Issues and Update
Speaker: Terry Kingston, C&W/Northmarq

Tuesday, May 7
Property Management Issues and Trends
Speaker: Frank Lang, Lang Nelson & Associates