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Gauthier Mubwa

Technology

Twin Cities Real Estate Agent and UST MSRE Student Brandon Doyle Offers 3D Virtual Tours of His Listings

Brandon Doyle is a Twin Cities tech-savvy real estate agent currently pursuing a master of science in real estate at the University of St. Thomas. He is also a licensed salesperson with RE/MAX Results in Minnesota. His creativity in the real estate sector has been drawing more public attention toward his work. He was recently featured in a Star Tribune article for his innovative use of a 3D camera made by Matterport, a California-based startup that offers a major breakthrough in HQ, rapid 3D visualization of physical spaces.

Source: Star Tribune

Source: Star Tribune

Equipped with such a sophisticated camera, Doyle offers a breathtaking three-dimensional virtual tour experience of his listings. Aware of potential competitions that this technology would bring in once adopted by other Minnesota real estate agents, Doyle states “My focus is on real estate, and, at the end of the day, that’s my career and that’s where I’ll spend my time.”

UST Class Profile, UST Student Profile

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.

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

2014 Minnesota Real Estate Hall of Fame Inductees Announced

halloffame

The Shenehon Center for Real Estate is pleased to announce
the 2014 Minnesota Real Estate Hall of Fame Inductees

George R. Karvel, Ph.D.
Cyril “Cy” Kuefler, Sr.
Jim Stanton

Join the Shenehon Center for Real Estate for the 2014 Minnesota Real Estate Hall of Fame Induction Ceremony

Thursday, November 6, 2014
7:30 a.m. Sign-in
8:00 a.m. – 10:30 a.m. Awards Ceremony featuring keynote speaker Robert Senkler, CEO, Securian Financial Group

Event Details
Golden Valley Golf and Country Club
7001 Golden Valley Road
Golden Valley, MN 55427

Individual cost: $50
or
Sponsor a table for 10: $700

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

Architecture & Design

Kraus-Anderson Construction Company (KA) Completes $73 Million High School in Alexandria, MN

The beginning of the 2014-15 school year couldn’t be any better for the Alexandria School District in Alexandria, MN. Just in time, Kraus-Anderson Construction Company (KA) has completed a $73 million and 280,000-square-foot senior high school for the district.

The new high school commons (Source: REJournals.com)

The new high school commons (Source: REJournals.com)

Designed by Cuningham Group Architects to be a flexible learning environment, the new high school will house 1,400 students and replace the district’s Jefferson High School which was initially built in 1957. Speaking of flexibility, Trevor Peterson, director of business services for the district, adds “Not knowing what education is going to look like five years from now or 15 years from now, we needed to make the building adaptable”.

Architecture & Design, Business Valuation, Commercial Real Estate

Minneapolis Has Already Surpassed the 1 Million Mark in Construction Projects for 2014

Based on “the total valuation of building permits in Minneapolis since 2000” posted by Star Tribune, as of August 14, 2014, Minneapolis already surpassed the $1 billion mark in construction projects for this year. With $1.211 billion in construction projects so far, the city just exceeded the $1 billion mark for the third consecutive time since 2000. About half of this year’s total valuation so far came from the construction of Vikings Stadium ($241 million) and Downtown East apartments and office tours located on 550 S 4th Street, 600 S 4th Street, 510 S 4th Street, and 640 S 4th Street (All valued at $219 million).

Architects rendering of 'Downtown East' - development on Star Tribune site, next to new Vikings stadium " gameday aerial view' (Source: Star Tribune)

Architects rendering of ‘Downtown East’ – development on Star Tribune site, next to new Vikings stadium
” gameday aerial view’ (Source: Star Tribune)

 

Minnesota Real Estate Hall of Fame

We Remember 2011 Minnesota Real Estate Hall of Fame Inductee, Robert Leonard Hoffman

Robert Leonard Hoffman, a 2011 Minnesota Real Estate Hall of Fame Inductee, died on July 29, 2014 at the age of 85. Co-founder of the Larkin, Hoffman, Daly & Lindgren law firm and described as “the dean of Twin Cities land-use lawyers”, Hoffman crucially contributed in notable real estate projects such as the development of the Mall of America. He also proudly served his community as a Bloomington city councilman for 14 years and on the Metropolitan council for 7 years.

 

Commercial Real Estate, Real Estate Trends, Urban Planning

Target Corporation Opening Its First Mini-Store, TargetExpress

With more young people choosing cities over suburbs, Target Corporation announced early this year its new small-scale concept, TargetExpress, which is going to open in Dinkytown (Minneapolis, MN). Despites the challenging previous year marked by a difficult Canadian expansion and data breach, Target Corp. kept its ambitious plans by now responding to the recent American housing trend through this TargetExpress concept. Even though its competitor Walmart already adopted this small-format store concept with “Walmart Express” about 3 years ago, Target still has some rooms of opportunity in this progressing housing trend in the U.S. Regarding this matter, the Time magazine even recently stated “The New American Dream Is Living in a City, Not Owning a House in the Suburbs”.

 A rendering of a TargetExpress store, a smaller version of sprawling suburban Target stores that is geared for city dwellers (Source: The New York Times)

A rendering of a TargetExpress store, a smaller version of sprawling suburban Target stores that is geared for city dwellers (Source: The New York Times)

Unlike its typical stores, CityTarget (80,000 to 125,000 square feet) and SuperTarget (about 174,000 square feet), this new concept is a 20,000-square-foot store. Its strategic location of Dinkytown, precisely in the newly-built Marshall apartment building, will help better target young people such as the University of Minnesota students. With the 2014-2015 academic year starting in early September and TargetExpress debuting July 23, college students living nearby or planning to do so will get a chance to buy items such as home decor or consumer electronics not only in a more convenient way, but also before school starts.

Home Prices, Housing, Industry News, Real Estate Trends

US Existing-Home Sales in May 2014: Largest Monthly Percentage Gain Since August 2011

On Monday, June 23, National Association of Realtors (NAR) Chief Economist Lawrence Yun reported that US existing-home sales in May were outstandingly up by 4.9% to an annual rate of 4.89 million units. That monthly percentage gain not only exceeded expectations, but also was the highest since August 2011. RBS Markets chief U.S. economist Michelle Girard welcomed the good news by saying “The long-awaited spring bounce in home sales looks to have finally appeared”.

The National Association of Realtors also added that May’s total housing inventory rose 2.2% to 2.28 million existing homes available for sale, thus making it 6% higher than a year ago. Stephanie Karol from IHS Global Insight responded to this May’s sales and inventory improvement by stating “As long as sellers feel assured of making a profit, they will feel emboldened to list their homes; and as buyers feel they have a good selection of well-located properties to choose from, they will continue to look and bid”.

Nevertheless, during May, the market seemed to remain difficult for buyers with modest financial resources as they experienced a 27% decline of their share of sales, down 2 percentage points from April and from April 2013.

Commercial Lending, Commercial Real Estate

Impact of Surface-Restoration Business on Commercial Properties

A book may not be judged by its cover but when it comes to commercial properties, their image really matters as emphasized by REJournals.com in a recent article. While businesses and property owners are trying to cut their expenses in today’s economy, they cannot remain indifferent about their building surfaces that are getting deteriorated. Also, it is in the best interest of building owners to give a good first impression to their potential tenants through appealing exterior spaces.

stairs-before

Concrete stairs before restoration … (Source: REJournals.com)

stairs-after

… and after (Source: REJournals.com)

The surface-restoration business offers an economical solution to commercial buildings owners who cannot repeatedly afford the high cost of hiring a company to come replace surfaces degraded by the weather, the sun, and even road salt. Speaking of saving money through surface restoration instead of replacement, Minnesota-based Twin Cities Outdoor Services shares an interesting information about their business. According to the company, services offered by its Surface Restoration Division can help businesses and building owners save up to 70 percent of the money that would be spent for surface replacement done by another company.

To clarify the advantage of surface restoration over replacement, Kai Milota, director of sales with Plymouth, Minn.-based Twin Cities Outdoor Services, states “In a retail environment, if you replace concrete, if you’re ripping out materials, you might have to shut your doors for some time. With restoration that doesn’t have to happen. It’s less disruptive on business and customer traffic.”