Posts Tagged ‘Boyd Stofer’

2012 Real Estate Hall of Fame

Tuesday, November 13th, 2012

This post was written by Dan Jackson, a 2012 UST MBA graduate.

halloffame

For me, it was a night to remember as many real estate professionals from around the Twin Cities area gathered in the Schulze Auditorium on the Minneapolis campus of the University of St. Thomas.  Everyone had come to share in the joy and excitement of the Inductees of the 3rd annual Minnesota Real Estate Hall of Fame.  As a young professional getting started in the real estate industry, it was very exciting to be among many professionals who were very well established in the Twin Cities.  It was an opportunity to see that with hard work and determination that I could end up in similar roles of these great individuals.  Below is a brief overview of each of the four inductees that were featured at this year’s event.  The information below was adapted from the Hall of Fame program given to participants that evening.

Real Estate Hall of Fame Inductees

David C. Bell

Known as one of the Twin Cities’ founding fathers, David Bell came to Minnesota to work for his brother at a small general store.  He eventually was able to open the Bell Bros. Dry Good store in downtown Minneapolis in 1862.  Bell continued to work with a number of new ventures including several banks, which allowed him to open his own mortgage company, the David C. Bell Investment Company.  In 1880 he began originating mortgages in Minnesota and sold them to banks in New York.  This in turn brought a lot of development into the Minneapolis area.  Bell’s service to the community was just as impressive.  He served as a trustee of Carleton College, taught Bible classes at Plymouth Congregational Church and was a member of many state boards and charities.

Robert P. Boblett, Sr.

Robert Boblett’s contributions to the commercial real estate industry span more than 41 years.  During World War II, he served as a captain in the 103rd Infantry Division in Europe, before returning to establish his own industrial real estate firm, Robert Boblett Associates, Inc.  Outside of real estate, he was also a member of the Minneapolis Chamber of Commerce, a part of the Twin Cities Metropolitan Planning Commission and served as president of the Minneapolis City Planning Commission.  Boblett helped to develop a course in appraising for the American Institute of Appraisers.  The Society of Industrial and Office Realtors (SIOR) have named their highest honor award in honor of Boblett. (more…)

2012 Minnesota Real Estate Hall of Fame Inductees Announced

Friday, September 7th, 2012

halloffame

The Shenehon Center for Real Estate is pleased to announce

the 2012 Minnesota Real Estate Hall of Fame Inductees

David C. Bell
Robert P. Boblett Sr
Philip C. Smaby
Boyd B. Stofer

Join the Shenehon Center for Real Estate for the 2012 Real Estate Hall of Fame Induction Ceremony
Thursday, November 1, 2012

5:30-6:30 p.m. Reception with heavy hors d’oeuvres
6:30 – 8 p.m. Awards Ceremony featuring keynote speaker Gary Stern
University of St. Thomas
Minneapolis Campus
Cost: $50

Register for the 2012 Minnesota Real Estate Hall of Fame Induction Ceremony
Please register by October 15. (more…)

Best of Real Estate Matters – #3: Boyd Stofer’s Real Estate Executive Insight Presentation

Monday, January 2nd, 2012
Boyd Stofer - former CEO Marquette Group

Boyd Stofer - former CEO Marquette Group

The real estate community lost a great leader in 2011. Boyd Stofer was a member of the University of St. Thomas Real Estate Advisory Board and president and CEO of Marquette Real Estate Group (parent company of United Properties, Northmarq, and RJM Construction.) This popular post from 2011 includes some wisdom that Boyd shared in April when he spoke at the Real Estate Executive Insight Series.

Best of Real Estate Matters – #3: Boyd Stofer’s Real Estate Executive Insight Presentation

Finance and Commerce wrote a great article about Boyd shortly after he passed away – Marquette CEO Stofer remembered as ‘brilliant’. Echoing those quoted in the article, Boyd left his mark at St. Thomas as well – his insight and helpful suggestions have been incorporated into many of the real estate programs.

Executive Insight Series: Boyd Stofer

Friday, April 22nd, 2011
Boyd Stofer - CEO Marquette Group

Boyd Stofer - CEO Marquette Group

“No one was doing anything, I mean no one was even talking about starting a new project. Sure I was scared, we paid too much for the building during the worst real estate market in my lifetime. However, we needed to play offense, someone had to make the first move, and it was us. That got a lot of attention, and we were able to get the building 90% leased before we started renovation, that’s just unheard of, and it worked to our benefit.”

The quotation above does a superb job in summing up the career, strategy, and philosophy of Boyd Stofer, president and CEO of the Marquette Real Estate Group. Over the past 32 years, Mr. Stofer has helped United Properties (Now part of the Marquette Group) grow into one of the most successful and profitable real estate development companies in the country. Attending a lecture from Mr. Stofer is somewhat like listening to a Harvard (one of his Ivy degrees) Economics professor give a semesters worth of lectures fast forwarded to a speed that condenses the information into one hour. During his talk it appeared as if he continued to talk as he inhaled, and didn’t miss a beat or misstate a figure as he outlined the micro and macro forces that are effecting the national commercial real estate market. His charisma stems directly from his incredible intelligence and ability to conceptualize and connect the vast set of variables that made up the contents of his talk, ending with the weaving of details to present the Marquette Group’s current standing and plans for the future. It’s no wonder that the Pohlad Family entrusts Mr. Stofer with a significant share of their fortune, as very few individuals can impart their razor sharp intellect and cunning in such a succinct and complete manor. It is highly unlikely that anyone in the room (full of real estate professionals, academics, and students) walked out questioning Mr. Stofer’s understanding of the real estate market, actually, it highly unlikely that anyone who meets him ever has doubtful thoughts.

Biography |

Mr. Stofer’s educational credentials mimics his career as nothing short of top tier. In 1971 he graduated from the Cornell School of Engineering, and followed it up with an MBA with Honors from Harvard. Immediately following his MBA program, Mr. Stofer was hired by Hines Interests, a national real estate development group based in Houston. After three years in Houston Mr. Stofer left and came to Minneapolis to join United Properties, then owned by the Hamm family. Since his hire, Mr. Stofer has led the companies development initiatives, and has amassed an amazing portfolio of work. In 1996 he was named president and CEO, since that time Mr. Stofer has grown and merged United Properties into what is now the Marquette Group. Today, the combined entities of the Marquette group employ over 1,000 people, has assets around $750M and services more than $40B worth of real estate loans. The current operational structure of the Marquette Group is the culmination of Mr. Stofer’s vision for a vertically integrated property firm that is unique in the services that it can provide. The vast array of real estate products that Marquette Group is far from novel, in fact it is probably the firms best financial hedge, in that the organization is prepared and capable of earning revenues in any market and any economic climate.

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Boyd Stofer of Marquette Real Estate is speaking at UST on April 19

Thursday, April 7th, 2011
Real Estate Executive Insight Series:
Current Commercial Real Estate Trends
Boyd Stofer, Marquette Real Estate Group

Boyd Stofer, Marquette Real Estate Group

The Real Estate Executive Insights Series is presented by the Opus College of Business MSRE program. This 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.

The last few years have significantly changed the commercial real estate market both locally and nationally.  Boyd Stofer, chairman and CEO of Marquette Real Estate Group, which includes United Properties, NorthMarq Real Estate Services, NorthMarq Capital, and RJM Construction, will discuss the effects of changes and his thoughts on the future for the commercial real estate market.

Date: April 19
Time: 5:45 – 7 p.m.
Minneapolis Campus, University of St. Thomas
Cost: Free

Learn more and RSVP Today »