Jessica Kluntz – Real Estate Matters
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Jessica Kluntz

Affordable Housing, Upcoming UST Events

2014 Minnesota Affordable Housing Conference

Now in it’s 2nd year, the Shenehon Center for Real Estate at the University of St. Thomas Opus College of Business will host the 2014 Minnesota Affordable Housing Conference in partnership with the Minnesota Housing Finance Agency.Mary Tingerthal

Join us for a conference bringing together various professionals working in all facets of real estate to exchange ideas, network and learn from one another’s successes.  Hone your skills with our specially selected workshops offering beginners and advanced practitioners information and resources needed to adapt and thrive. Learn from the experts and make valuable connections through networking opportunities.

Each breakout session will feature a finance track and a development track to address the various needs and interests of the affordable housing community.

The conference will be held on Thursday, May 8 at the downtown Minneapolis campus of the University of St. Thomas.

Continue Reading

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.

Commercial Real Estate, Investment Real Estate, Upcoming UST Events

Real Estate Executive Insights Series: Commercial Real Estate Investment and Ownership

Real estate investment involves a substantial amount of risk. Will Hoeg of Falcon Ridge Partners will discuss the challenges and opportunities of investing in and owning commercial real estate. Hoeg will also discuss how to create partnerships for the purpose of making successful real estate investments.

Will Hoeg, Falcon Ridge Partners

Will Hoeg, Falcon Ridge Partners

Falcon Ridge Partners LLC is a commercial real estate acquisition, investment and asset management company. Projects include data centers, complete campus renovations, confidential startup growth incubators, notable towers, building repositioning and overall corporate campus redevelopment. Total investment value has exceeded $1.2 billion with primary concentration in Minnesota and Silicon Valley.

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.  Please register here to attend this event.

This program has been submitted for one hour of real estate agent/broker continuing education credit through the Minnesota Department of Commerce.

Wednesday, March 5, 5:30 p.m.
5:30  – 6 p.m.: Registration and networking reception
6 – 7 p.m.: Presentation by Will Hoeg
7 – 9 p.m.: Optional MS in Real Estate class visit

Commercial Real Estate, Development, Executive Insight Series, Investment Real Estate, Office Real Estate, Real Estate Brokerage, Upcoming UST Events

Spring 2014 Real Estate 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. Attendees who are interested in the MS Degree in Real Estate program are encouraged to participate in an optional class visit following the speaking presentation. Registration is required.

Schedule of Events
5:30  – 6:00 p.m.: Registration and networking reception
6 – 7:00 p.m.: Speaker presentation
7 – 9:00 p.m.: Optional class visit

Cost: Free

 

Wednesday, March 5
Commercial Real Estate Investment and Ownership
Speaker: Will Hoeg, Falcon Ridge Partners

Will Hoeg, Falcon Ridge Partners

Will Hoeg, Falcon Ridge Partners

Real estate investment involves a substantial amount of risk. Will Hoeg of Falcon Ridge Partners will discuss the challenges and opportunities of investing in and owning commercial real estate. Hoeg will also discuss how to create partnerships for the purpose of making successful real estate investments.

Falcon Ridge Partners, LLC is a commercial real estate acquisition, investment and asset management company. Projects include data centers, complete campus renovations, confidential startup growth incubators, notable towers, building repositioning, and overall corporate campus redevelopment. Total investment value has exceeded $1.2 billion with primary concentration in Minnesota and Silicon Valley.

This program has been submitted for one hour of real estate agent/broker continuing education credit through the Minnesota Department of Commerce.

 

Wednesday, April 23
Retail & Office Development/Asset Management
Speaker: Tim Murnane, Opus Holdings, LLC.

Tim Murnane, Opus Holdings, LLC.

Tim Murnane, Opus Holdings, LLC.

Tim Murnane has been a leader in the commercial real estate market in the Twin Cities for many years. He will discuss where he thinks the opportunities are for Opus Holdings and for the market in general as the commercial real estate climate continues to improve.

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.

This program has been submitted for one hour of real estate agent/broker continuing education credit through the Minnesota Department of Commerce.

Development, Economics, Urban Planning

The Good, the Bad, and the Ugly of Hosting the Olympic Games

The 2014 Olympic winter games in Sochi, Russia are projected to be the most expensive in history. With construction and infrastructure costs rising to over $50 billion dollars, a staggering $38 billion over budget, Russia has more than three times eclipsed the current record for most expensive games. Greece, who hosted the 2004 summer Olympics in Athens, spent $15 billion. While the immediate economic benefits and increased global profile of hosting the games are attractive, the long-term costs are unlikely to be recovered by most cities. In fact, with Greece over-spending the budget by $9 billion, the Athens Olympics are said to have triggered the economic crisis. Greece is not alone. Following the 1976 Olympics in Montreal, a tobacco tax was introduced to fund the financial loss.

In preparation for the games, cities build at a rate that would typically take years to achieve. With schedules frequently running behind, long-term planning and financial management is sacrificed to get the job done in time for the opening ceremonies. Few host nations have been successful in creating development that will benefit the country after the fanfare has left town. Many cities are left with infrastructure that suddenly has no real use.

Stephen Wenn, professor of sport history and Olympic studies at Wilfrid Laurier University told CNBC that “[Olympic planning] success comes to those who most fully grapple with the issue of legacy and remain firmly fixed on what their city hopes to achieve.”

Who has done this well and who has not? Continue Reading

Commercial Real Estate, Development, Executive Insight Series, Office Real Estate, Retail Real Estate, Twin Cities Real Estate, Uncategorized, Upcoming UST Events

Fall 2013 Real Estate 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. Attendees who are interested in the MS Degree in Real Estate program are encouraged to participate in an optional class visit following the speaking presentation. Registration is required.

Schedule of Events

5:15  – 6:00 p.m.: Registration and networking reception
6 – 7:00 p.m.: Speaker presentation
7 – 9:00 p.m.: Optional class visit

Cost: Free

Speaker_JimStolpstad

Jim Stoplestad, Exeter Realty

Tuesday, October 15
St. Paul Post Office Apartment Conversion Project
Speaker: Jim Stolpestad, Exeter Realty

Jim Stolpestad of Exeter Realty Company will discuss the St. Paul Post Office apartment conversion project, the history of the project’s development and its progress. The 17-story central post office building is located on Kellogg Boulevard in downtown St. Paul. Exter plans to covert the building into 250 units of market-rate apartments overlooking the Mississippi River.

Exeter Realty Group develops and manages new office, retail, housing and mixed-use projects, as well as tax credit-driven historic and other office, retail and housing rehab projects. Projects are located in stable or emerging urban neighborhoods of the Twin Cities.

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

Speaker_RickCollins

Rick Collins, Ryan Companies

 

Tuesday, November 19
Downtown East Development Project
Speaker: Rick Collins, Ryan Companies

Rick Collins of Ryan Companies will discuss current development projects, including the Downtown East development project surrounding the new Vikings stadium, as well as the challenges and opportunities in the development of commercial real estate. The Downtown East mixed-use development and three-block urban park/plaza consists of 1 million square feet of office space in two, 20-story office buildings with the capacity for more than 5,000 employees; 40,000 square feet of retail space on both street level and in the skyway; and 300 residential units.

Ryan Companies is a full-service commercial real estate firm with expertise in development, architecture & engineering, capital markets, construction and real estate management.

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

Minnesota Real Estate Hall of Fame, UST Program News, UST Real Estate in the News

2013 Minnesota Real Estate Hall of Fame Inductees Announced

halloffame

The Shenehon Center for Real Estate is pleased to announce
the 2013 Minnesota Real Estate Hall of Fame Inductees

Leonard Bisanz
Helen Brooks
Thomas Crowley
M.A. Mortenson, Sr
Kenneth Stensby

Join the Shenehon Center for Real Estate for the 2013 Real Estate Hall of Fame Induction Ceremony
Thursday, October 24, 2013
5:30-6:30 p.m. Reception with heavy hors d’oeuvres
6:30 – 8 p.m. Awards Ceremony
University of St. Thomas Minneapolis Campus
Cost: $50

Register for the 2013 Minnesotate Real Estate Hall of Fame

The Shenehon Center for Real Estate at the University of St. Thomas Opus College of Business has established the Minnesota Real Estate Hall of Fame 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.

Minnesota Real Estate Hall of Fame Members:

David Bell
Tony Bernardi
Robert Boblett, Sr
The Dayton Family
Lloyd Engelsma
Robert Hoffman
Darrel Holt
Gerald Rauenhorst
William Reiling
Bernard Rice
Emma Rovick
Jim Ryan
Philip Smaby
Boyd Stofer
Sam Thorpe, Sr

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!