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Real Estate Hall of Fame is Seeking Nominees for 2019

University of St Thomas

Minnesota Real Estate Hall of Fame

Award Criteria

The basic criterion for acceptance into the Hall of Fame is outstanding business performance coupled with a high standard of ethics. Usually the honorees are responsible for successful and/or innovative business activities and have made major life-long contributions to our industry.

– All nominees must be retired from their primary business   or

– Must be at least 65 years of age   or

– Be deceased

Nominations are not limited to University of St Thomas graduates.

Nominees can represent any discipline related to real estate in Minnesota.  The nomination committee is encouraged to nominate candidates from all  disciplines of both commercial and residential real estate.  The committee is encouraged to solicit recommendations from the real estate community and to encourage others from outside the committee to make nominations to insure a wide variety of candidates.

The Selection Committee will consider the following when making their selection of honorees:

  • Business: the nominee has made a significant contribution as a leader in the field of real estate;
  • Nominees are expected to have made a significant impact in their particular area of real estate and be recognized primarily as a person that is an exceptional role model in their discipline.
  • Weight will be given to such accomplishments as starting and building a business, leading an established business to significantly greater achievements, major transactions, and innovative projects.
  • Among the factors to be considered are industry recognitions and accomplishments, being an industry pioneer and/or leader, and recognition by others for achievements.
  • Community: the nominee has had concern for improving his/her community as a business leader
  • Ethics: the nominee has displayed the highest level of ethics in their business practices.

Beyond the criteria noted here, the Selection Committee has the responsibility   and discretionary power to make their determinations from the pool of nominations submitted.

Access the Nomination Form: https://centers.stthomas.edu/shenehon/wp-content/uploads/sites/7/2019/05/2019-REHoF-Nomination-Form.pdf

Nomination deadline: June 14th 2019

Best of Real Estate Matters, Commercial Real Estate, Industry News, Minnesota Real Estate Hall of Fame, Twin Cities Real Estate

Tom Holtz, Jim Nelson, and Russ Nelson Inducted into Minnesota Real Estate Hall of Fame

Three new members were inducted into the Minnesota Real Estate Hall of Fame at an awards breakfast this morning: Russ Nelson, an industry groundbreaker who was among the first to exclusively represent tenants; Jim Nelson, who helped spearhead the new US Bank Stadium; and Tom Holtz, a driving force behind industry giant CBRE.

The Minnesota Real Estate Hall of Fame was established in 2010 by the Shenehon Center for Real Estate at the University of St. Thomas Opus College of Business. Members of the Hall of Fame are chosen for their outstanding business performance, high standards of ethics, and community activities.

The annual event, held at the Golden Valley Golf and Country Club, drew over 200 people including real estate professionals and friends and family members of the inductees. Robert J. Strachota, president of the real estate valuation firm Shenehon Company, acted as emcee and Steve Cramer, president and CEO of the Minneapolis Downtown Council, was the keynote speaker. The awards were presented by Patrick Ryan, President and CEO of builder/developer Ryan Companies.

After the awards presentation and a brief video about each recipient, the event concluded with Herb Tousley, director of the Shenehon Center, presenting scholarships to five students, the winners of this year’s Boyd Stofer & Ken Stensby Real Estate Student Competition. The competition challenges undergraduate and graduate students to develop a business concept that has potential to become a viable, high-growth business or make a meaningful contribution to existing real estate companies. Scholarship recipients are current UST students Ethan Finger, Issac Kuehn, Charles Bird, Holly Spaeth and Matt Michalski.

About the Inductees

Tom Holtz

For nearly 40 years, Tom Holtz has played a pivotal role in developing CBRE into one of the world’s leading real estate services companies. He is personally credited with approximately $11 billion in investment transactions during a career that has touched every major Twin Cities building.

Holtz’s advice is sought by some of the most successful people in the industry, both in Minnesota and across the country. Colleagues praise his sharp intellect and unwavering ethical barometer. Lifelong friends laud Holtz as a deeply spiritual family man who has dedicated his support and leadership to many local and national organizations, including St. Andrew’s Lutheran Church in Eden Prairie and Luther Seminary in St. Paul.

Jim Nelson

Known as “the quiet leader that everyone listens to,” Jim Nelson has spent more than half a century in real estate advisory services, finance, and investment. He played a pivotal role in such transformative projects as the Midtown Exchange, the Walker Art Center expansion, and the new US Bank Stadium, and he is a valued counselor to the City of Minneapolis, Hennepin County, the state of Minnesota, and the University of Minnesota, among others.

In addition to being the principal of Eberhardt Advisory, Nelson has served on numerous civic and industry boards, and he helped shape and guide the Mortgage Bankers Association of America. He is often praised for his devoted mentorship of real estate industry leaders across the state and the country.

Russ Nelson

Known for his energy, enthusiasm, and coveted book of connections, Russ Nelson helped shape the skylines of Minneapolis and St. Paul during his 35-year career. He recently retired from real estate and project management firm NTH, one of the first Twin Cities firms to exclusively represent tenants, which he cofounded in 1993.

Nelson is legendary for his devotion to the downtown Minneapolis core, including one of the largest land sales in the city’s history: the five-block StarTribune megadeal that launched the redevelopment of the Downtown East Commons. Just as legendary is his enthusiasm for serving the community, such as his recent role in helping Como Park Zoo and Conservatory’s raise $8 million for its polar bear exhibit and Japanese garden.

 About the Minnesota Real Estate Hall of Fame

The Minnesota Real Estate Hall of Fame honors, preserves and perpetuates the names and outstanding accomplishments of real estate leaders who have made significant contributions in real estate and demonstrated care and concern for improving their communities as business leaders.

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

 

Best of Real Estate Matters

Best of Real Estate Matters #1: The Little Idea That Could: The untold story about the development of Target Field

Target Field BlogWhile the local news is filled with stories about where the Vikings, law makers, mayors and developers want to see the proposed new stadium, the story of the development of Target Field is an interesting one to review. The most popular (most viewed) post of 2011 was:

Best of Real Estate Matters – #1: The Little Idea That Could: The untold story about the development of Target Field

Bruce Lambrecht and Dave Albersman are back at it in building another “little idea that could” – this time for the Vikings. Check out more of the story in this 2011 blog post: Looking for a Victory? The Vikings May Want to Try Left Field…  Although the plans have changed and evolved since this post was written in early 2011, it will be interesting to see where Lambrecht and Albersman play into the Vikings Stadium decisions.

Best of Real Estate Matters

Best of Real Estate Matters – #2: What do UST, Gopher Hockey, Herb Brooks, Edina Realty and Warren Buffet Have In Common?

Warren Buffet, Herb Brooks, Gopher Hockey, University of St. Thomas, and Edina Realty

Warren Buffet, Herb Brooks, Gopher Hockey, University of St. Thomas, and Edina Realty

The answer is Ron Peltier.

The Real Estate Matters blog saw its highest number of readers in one week when this post was added. Ron Peltier, chairman and CEO of Home Services of America has an impressive network with his ties to Berkshire Hathaway, Gopher Hockey, Edina Realty and the University of St. Thomas.

Best of Real Estate Matters – #2: What do Gopher Hockey and Warren Buffet Have In Common?

Home Services of America is the parent company of Edina Realty. The 2011 Minnesota Real Estate Hall of Fame honored Emma Rovick, founder of Edina Realty, as one of the inductees.

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Best of Real Estate Matters

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

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.

Best of Real Estate Matters

Best of Real Estate Matters – #4: The 14 Million Dollar Question

blocke7

Block E - Minneapolis

Timing worked well in scheduling Bob Lux, principal at Alatus, to speak at the Real Estate Executive Insight Series. When this session was scheduled in December of 2010, a casino in Block E had not been put on the table. Alatus had purchased Block E but no plans had been released about how they were going to improve upon the troubled area. By the time Bob came in to speak in March, it was all over the news. Bob spoke about how he got into the business and other development projects he completed such as Grand Park Condominiums and the Carlyle Condominiums. Here is a recap of the event:

Best of Real Estate Matters – #4: The 14 Million Dollar Question

The redevelopment of Block E was clearly a big topic in 2011. Two of our most read blog posts talked about the project. If you haven’t read it already, Best of Real Estate Matters #9 – A Deal Alatus Could Not Refuse talks about the history of the Block E site.

Best of Real Estate Matters

Best of Real Estate Matters – #5: Twinsville and North Loop Housing

NorthLoopStreet

The North Loop - Minneapolis

An estimated 850 new apartments are slated for the next year in the North Loop – around Target Field. This popular post of 2011 includes information about the multi-family development plans for Twinsville.

Best of Real Estate Matters – #5: Twinsville and North Loop Housing 

This topic was submitted as part of our “Ask the Real Estate Expert” series. As we move into 2012, we are happy to explore different topics you, our readers, are interested in. Our Ask the Expert post outlines how to submit questions.  https://blogs.stthomas.edu/realestate/2011/07/15/ask-the-real-estate-expert/

Best of Real Estate Matters

Best of Real Estate Matters – #6: Effect of the Minnesota State Government Shutdown

Minnesota_State_Capitol

Minnesota State Capitol (courtesy of wikipedia)

2011 brought us a 20 day shutdown of the Minnesota state government. Not surprising, this post was read most during the July 1 – July 20 shutdown, but was still one of the most read posts of the year.

Best of Real Estate Matters – #6: Effect of the Minnesota State Government Shutdown

The Minnesota Department of Commerce regulates real estate and appraisal licensing in the state. During the shutdown, new licenses were not granted and both licensing and continuing education programs for real estate appraisal were not approved. For those of you who have a real estate or appraisal license in Minnesota, you may be intersted to know that many of the education programs – both professional development and academic offered through the real estate programs at St. Thomas are approved for continuing education credit.

Best of Real Estate Matters

Best of Real Estate Matters – #7: Housing the Next Generation

FluxAmenities

Flux - Greco's New Uptown Multi-family Project

The millennial generation is the driving force behind trends in multi-family housing. Demand for small, urban housing with stat-of-the-art amenities has increased with this generation wanting to live closer to work. There are many examples of developers adapting to the needs of this group around the Minneapolis area – specifically in the North Loop and Uptown. This popular 2011 post outlines ways in which this generation is shaping the market. 

Best of Real Estate Matters – #7: Housing the Next Generation 

This post also talks about Greco’s new uptown project called Flux. This spring, Arnie Gregory, founder of Greco is slated to speak at one of the Real Estate Executive Insight events. More detail will be available about this event in the next few weeks. (But, we thought this was a good opportunity to give you a sneak peak of our plans for spring.) The Real Estate Executive Insight Series is free and open to the public.