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UST MSRE Student Profile – Brandon Doyle, Realtor

The UST Opus College of Business Master’s in Real Estate program welcomes the new class to the 2014-2015 academic year!  Take a look at a brief snapshot of the students in this year’s class.

FULL NAME:  Brandon DoyleDoyle - Photo

What is your educational background and experience?
Bachelor of Science in Real Estate from St. Cloud State University.
Doyle Real Estate Team – RE/MAX Results  REALTOR

Why did you choose the MSRE program at UST?
I joined the MSRE program in order to network with other top professionals in the real estate industry.

What are your future career goals?
I’m currently growing my residential real estate team and am looking to expand into commercial, investments, and development.

As you enter the MSRE program, what aspect of the program are you most excited about?
I’m excited to have the opportunity to connect with other top professionals in the real estate industry, as well as MBA and Law students.

What do you enjoy most about the real estate industry?
 The opportunities within the real estate industry are endless, you’re able to create your own career path and are constantly interacting with other professionals.

What is your favorite non-real estate pastime and why?
I enjoy traveling and experiencing new cultures.

Appraisal, UST Class Profile, UST Student Profile

UST Student Profile – Natalie Mink, Certified Residential Real Estate Appraiser

The UST Opus College of Business Master’s in Real Estate program welcomes the new class to the 2012-2013 academic year!  Take a look at a brief snapshot of the students in this year’s class.

NAME: Natalie Mink

What is your educational background and experience?

I graduated from the University of Wisconsin Eau Claire with a Bachelor of Arts in Accounting.  Currently, I am a Certified Residential Real Estate Appraiser and work for Sunrise Community Banks as an Appraisal Specialist. 

Why did you choose the MSRE program at UST?

I was looking for ways to expand my education regarding all aspects of commercial real estate.  I researched many programs throughout the country and found the MSRE program at UST offered exactly what I was looking for.

What are your future career goals?

I am working towards an SRA designation with the Appraisal Institute and hope to have the opportunity to earn a commercial real estate appraiser license.

As you enter the MSRE program, what aspect of the program are you most excited about?

I am looking forward to networking with other local real estate professionals.

What do you enjoy most about the real estate industry?

I enjoy the fact that the market is constantly changing and every property is unique therefore every day is different with new challenges.

What is your favorite non-real estate pastime and why?

I enjoy doing anything outdoors.

UST Class Profile, UST Student Profile

UST Student Profile – Eric Thiewes, Senior Housing Development Officer

The UST Opus College of Business Master’s in Real Estate program welcomes the new class to the 2012-2013 academic year!  Take a look at a brief snapshot of the students in this year’s class.

NAME: Eric Thiewes

What is your educational background and experience?

I have a Bachelor of Science degree in Housing Studies and a minor in Construction Management from the University of Minnesota – Twin Cities.  I have eight years of construction, housing development, and housing finance experience.  Currently, I work at Minnesota Housing Finance Agency as a Senior Housing Development Officer in the Single Family Community Development Division.  I work with developers and city administrators helping them develop and finance housing programs such as owner occupied rehabilitation projects.  I also help finance developers that acquire, rehab and sell affordable single family homes and build new construction homes throughout Minnesota.  

Why did you choose the MSRE program at UST?

I choose the MSRE because I wanted to further my educational background in real estate focusing my studies on commercial real estate and multifamily housing developments.  This is really the only Master’s program here in the Twin Cities that specializes in real estate finance. 

What are your future career goals?

I would like to continue down a path of housing finance but would like to explore career possibilities in commercial real estate finance. Continue Reading

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UST Student Profile – Thomas Strohm, Architect and Construction Administrator

The UST Opus College of Business Master’s in Real Estate program welcomes the new class to the 2012-2013 academic year!  Take a look at a brief snapshot of the students in this year’s class.

Name: Thomas Strohm

What is your educational background and experience?

I graduated from the University of Minnesota with a degree in Architecture and a minor in Construction Management.  During my undergraduate studies I obtained an internship at BWBR Architects.  After graduation, I joined BWBR full-time and continued to work there for nearly seven years.  I have worked on projects in the health care, corrections, athletic, and corporate office sectors.  It was great to collaborate on interdisciplinary teams and partner with contractors, developers, and project owners to develop project scope and reach team goals.   In addition to traditional design work, I received an opportunity to work on a job site for six months acting as a Construction Administrator. This experience allowed me to better bridge the gap between design and construction – ultimately allowing me to deliver a better final product and better serve our clients. 

Why did you choose the MSRE program at UST?

I was searching for a program that would allow me the flexibility to work and go to school. The MSRE program allows me the flexibility to do both and at a pace that fits my goals. I was also drawn to the program because of its connection to industry leaders. I wanted to learn from and network with respected experts. 

What are your future career goals?

In the near future I would like to secure a position in development, where I can further expand my understanding of the development process.  In addition, I hope this position would allow me to apply my studies from the UST program to real world situations.  Upon graduation I plan to continue to gain experience in the development of large commercial projects, grow into my role and help to achieve successful projects. Long term I would like to start my own development company where I can utilize my diverse experiences in design, construction and real estate. Continue Reading

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UST Student Profile – Jonathan Hines, LEED-accredited Project Engineer

The UST Opus College of Business Master’s in Real Estate program welcomes the new class to the 2012-2013 academic year!  Take a look at a brief snapshot of the students in this year’s class.

 NAME: Jonathan Hines

 

What is your educational background and experience?

I received a B.S. degree in Civil Engineering in 2008 from Iowa State University.  I currently work for a large Minneapolis based construction manager and developer.  Before coming to the Twin Cities, I worked as a Project Engineer for the same company out of the Chicago office for 3.5 years.

 

Why did you choose the MSRE program at UST?

I chose the MSRE program at UST because I was looking for a local established real estate program that provided exemplary opportunities to connect with local real estate professionals, real estate developers and would allow my career to come full circle, that is to have an experience that has included knowledge about development, civil engineering, design phase management and construction management.

 

What are your future career goals?

I intend to specialize in real estate development and focus my career on finding local development opportunities in various markets.  I hope to support these development opportunities by managing the full scope of a project including; site selection, programming, design phase management, owner representation and eventually using my construction management background to transition these development projects to be operated by a property management staff or new perspective owners. Continue Reading

Commercial Lending, Industry News, Retail Real Estate, UST Class Profile

Neiman Marcus closes its doors: What’s next? Highlights from REAL 746

This post was written by Dan Jackson, a 2012 UST MBA graduate. Dan completed many of his electives in real estate including participation in the spring 2012 REAL 714 International Real Estate Development course in the Cayman Islands.

Photo from startribune.com.

The Minneapolis-St. Paul Business Journal recently reported that Neiman Marcus, a high-end retailer in downtown Minneapolis would be closing its doors in July of 2013.  This is not the first time that a high-end retailer has decided to close its doors or had to alter its image in downtown Minneapolis.  The article stated that in 2004, Saks Fifth Avenue reconfigured its main store concept into Saks Off Fifth, a lower-priced version of the well-known retailer. 

With the announcement of this closure, I got to thinking about the possibilities of a tenant that could fit into the space that has been held by Neiman Marcus for about 20 years.  I reflected on a moment from my studies at St. Thomas.  One particular UST real estate course (REAL 746), introduces students to the techniques used to determine the best and highest use of a site from a market analysis and feasibility perspective.  It is a course that I took this past spring.  While there were many techniques that we learned throughout the course of the semester, six factors immediately come to mind when trying to provide market analysis for a particular site.  I’d like to walk you through each of these six factors and highlight important elements about the site that relate to each of these factors, but ultimately will leave it up to you to decide what kind of tenant(s) would be a good fit for a replacement.

The market analysis process reviewed during the semester consisted of six points that guide real estate professionals through a market and feasibility analysis of a particular site.  The six steps, as outlined here will be used to provide a general idea and outline, but will not go too much in depth, given the length of this post.  The purpose of this post is to examine and look for trends that will help real estate professionals begin to identify the next best tenant(s) for this space.  The six steps that I refer to here are specifically related to identifying a space for a shopping center, but similarities exist between this process and the processes for other types of properties. Continue Reading

Affordable Housing, Commercial Real Estate, Development, Economics, Government Policy, Green Building, Real Estate Trends, Senior Housing, Student Housing, Urban Planning, UST Class Profile

The New Demographic (Hint: 10,000 Baby Boomers Retire Daily)

10,000 Retiring Baby Boomers every day.  Every Day, for the next 20 years.  Locally and nationally, even globally, this is our new demographic normal – an aging population with fewer and what baby boomers would have you believe, “less talented” workers to replace them.

United States birth rate (births per 1000 population). The red segment from 1946 to 1964 is the postwar baby boom.

Bigger than huge, this is a monumental generational shift that will affect numerous aspects of our lives – opportunities, obligations, and financials.  State Economist, Dr. Stinson, recently spoke on the new normal in his Economic Outlook, noting  “As a significant portion of our [Minnesota’s] population ages, there is not much in the way of labor force growth to replace these individuals.”

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UST Class Profile, UST Program News

UST Real Estate Class Profile: International Real Estate Development

Interested in what the UST Real Estate program has to offer? Students (both undergraduate and graduate) interested in International Real Estate Development have the opportunity to study in Grand Cayman (while escaping January in Minnesota!) Read on to learn what graduate student, Tim Lawrence, had to say about his experience studying International RE Development in Grand Cayman.

Can you provide a little background on what the overall course goals/objectives are?

We have been studying a large planned-use development on Grand Cayman called Camana Bay.  The project is being developed by Dart Realty (Cayman) Ltd., which is a subsidiary of Dart Enterprises.  So far, only a very small portion of the planned development is completed.  Dart plans to continue development in phases over several years.

Camana Bay, photo source: Dart Realty

Can you explain what your typical work-day is like when in the Cayman Islands?

Most of our time in the Cayman Islands was spent exploring.  We were trying to gain an understanding of the Island’s unique political, business and geographic circumstances.  Specifically, we were interested in the similarities and differences between the Cayman Island and other markets (both domestic and global) and the effect this has on Real Estate and Development.  We met with representatives of both Dart and The Cayman Islands Planning Department.

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UST Class Profile, UST Program News

UST Real Estate Class Profile: Information Technology/Geography for Business and Planning

In the Real Estate program at UST, students are offered an Information Technology course concentrating on geographic techniques for business and planning applications applied to real estate supply and demand, acquisition, disposition, and asset management analyses.  The course teaches students essential concepts in interpreting industry data necessary to make sound commercial real estate investment decisions.  Students gain a practical understanding of current real estate industry software applications vital to performing market analysis, financial and investment analysis, and feasibility studies.

Real estate graduate student, Sue Marshall with Marshall & Koopman Real Estate, recently completed Real 714 and noted, “What I was most impressed about the course was the introduction and application of extremely efficient and effective software tools which I could immediately apply in my daily real estate activities.  What were once time-consuming tasks, I can now complete in a fraction of the time.” Continue Reading