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Executive Insight Series, Real Estate Programs, Uncategorized, Upcoming UST Events

Spring 2013 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. All sessions are held from 5:45 p.m. – 7:00 p.m. Registration is required.

We are excited to announce a great line-up of speakers and topics for spring term of 2013.

Tuesday, February 19
Valuation Issues in Today’s Commercial Real Estate Environment
Speaker: Rob Lunz, Nicollet Partners

Tuesday, March 5
Commercial Real Estate Finance
Speaker: Ken Dayton, Oak Grove CapitalUST Opus

Tuesday, March 19
Development Opportunities in Today’s Market
Speaker: David Kordonowy, Steiner Development

Tuesday, April 9
Property Management Challenges of an Iconic Office Property
Speaker: Jim Durda, IDS Center

Tuesday, April 23
Investment Sales Market Issues and Update
Speaker: Terry Kingston, C&W/Northmarq

Tuesday, May 7
Property Management Issues and Trends
Speaker: Frank Lang, Lang Nelson & Associates

Appraisal, Business Valuation, Commercial Real Estate, Economics, Real Estate Programs, Real Estate Trends, Uncategorized, Upcoming Industry Events, Upcoming UST Events

23rd Annual Business Valuation Conference

The 23rd Annual Business Valuation Conference will be held Wednesday, February 6. This conference covers topics of interest to attorneys, accountants, business brokers, business owners, commercial real estate brokers, lenders, investment bankers, appraisers and others who regularly encounter business valuation issues.  It is held at the University of St. Thomas campus in downtown Minneapolis and is presented/sponsored by The UST Shenehon Center for Real Estate, NCCIBA, NACVA, ASA.

Topics featured at the conference include:UST RE conference

  • Economic Update
  • The Layman’s Use of Regression Analysis
  • Identifying Metrics and Calculating Value in Excel
  • Basics of a Real Estate Appraisal
  • Avoiding the Pitfalls When Valuing Machinery & Equipment
  • Understanding Minimum Compensation in Eminent Domain
  • When is it Time to Call in the Experts?
  • Current Court Decisions

This conference has been approved for eight hours of real estate and appraiser continuing education through the Minnesota Department of Commerce.

Register here.

Development, Executive Insight Series, Real Estate Programs, Retail Real Estate, Uncategorized, Upcoming UST Events

Real Estate Executive Insights Series: Downtown Minneapolis Whole Foods Market Development on December 11

Mark Shoening, Ryan Companies

Mark Shoening, senior vice president of retail at Ryan Companies US, will discuss current development projects, including the Whole Foods Market project in downtown Minneapolis, as well as the challenges and opportunities in the development of retail real estate. A pioneer in the design-build approach, Ryan Companies is a full service commercial real estate firm with expertise in development, architecture and engineering, capital markets, construction and real estate management.

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.

Industry News, Property Management, Real Estate Programs

Who’s Who in Twin Cities’ Property Management

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

As I reflect on the many courses taken during my time at the University of St. Thomas, I wanted to use this post to reflect on one of my first experiences in the program.  REAL 600: Real Estate Decision Making is a course within the MSRE program designed to introduce students to the key concepts related to the world of real estate.  This was an important course for me as it laid the foundation for what I could expect in the remaining real estate courses that I would take here on campus.  In the course, students learn the components that go into how to value a property, what legal issues should be considered when dealing with a property, the steps towards completing a market analysis, as well as the introductory components of the time value of money and its importance in real estate.  Students also gain brief exposure into the world of property management.

The text that we used during the course, Real Estate Principles, A Value Approach, provided good insight into the key roles and responsibilities of a property manager.  The book

Real Estate Principles by David Ling and Wayne Archer
Photo credit: Google

explains that property managers are in charge of the day-to-day operations of a property.  Typical functions include marketing the property to prospective tenants, selecting tenants, signing leases, collecting rent, maintaining the property, complying with all applicable landlord-tenant laws, maintaining tenant relations and communicating with the property owner.  While this book definition provided great introductory knowledge, I find it very useful and enjoyable when I can apply textbook knowledge to a real world scenario.  I was excited to learn more about companies here in the Twin Cities that perform these types of activities on a daily basis.

The Twin Cities Business Journal recently released the 2012 Book of Lists, highlighting the top companies within various industries (including real estate) in the Twin Cities metro area.  The online version of the Business Journal featured the top 5 Property Management Companies – the full list of 25 Top Companies requires online membership.

The rankings of these companies were completed using the Gross Leasable Area of the properties that each company managed.   While the list highlights these companies’ accomplishments with property management, many of these companies offer a broad and wide selection of real estate services.  The following list below reveals the top 5 commercial property management companies and provides a brief overview of what they do (adapted from each of their websites).  The list provides a good starting point for any student who wishes to further explore the world of property management. Continue Reading

Commercial Real Estate, Executive Insight Series, Real Estate Programs, Upcoming UST Events

Real Estate Executive Insights Series: Real Estate Law with Mark Westra on November 27

Mark Westra of Faybanski, Westra, Hart & Thompson is a senior partner and real estate attorney with many years of experience working with all types of commercial real estate transactions. Westra will discuss current issues in real estate law and the challenges as they apply to commercial real estate.

Mark Westra

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.

Commercial Real Estate, Development, Executive Insight Series, Real Estate Programs, Retail Real Estate, Upcoming UST Events

David Frauenshuh, CEO of Frauenshuh, Inc. to speak on Tuesday, October 9th

Learn about the opportunities and challenges of acquiring, developing, financing and managing real estate assets in the complex health care industry with David Frauenshuh, CEO of Frauenshuh, Inc. David Frauenshuh has experience running a full service commercial real estate firm with an emphasis on medical office, multi-specialty clinics and ambulatory care centers. 

David Frauenshuh, CEO of Frauenshuh, Inc.

David Frauenshuh is CEO of Frauenshuh, Inc. He has more than 35 years of experience in commercial real estate and currently has ownership interest in approximately 2.5 million square feet of real estate.

Frauenshuh, Inc. works in the development and financing of a wide variety of medical real estate complexes. David Frauenshuh also has expertise in headquarters development and acquisition of commercial real estate.

Frauenshuh is a graduate of Mankato State University and a native of the St. Paul area. He is a member of the National Association of Industrial and Office Parks and the Building Owners Management Association (founding member RPA designation). Frauenshuh serves on the board of many for-profit and nonprofit organizations.

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.

Real Estate Programs, UST Program News

Professional Certificate in Commercial Real Estate

 Program: Professional Certificate in Commercial Real Estate
 Offered by: Executive Education and Professional Development and Shenehon Center for Real Estate
 Dates:           Upcoming fall programs begin September 12, 2012
 Time: Wednesdays, 6:00 p.m. – 9:00 p.m. Certificate-style program broken down into six five-week programs – see below
 Location:   Terrence Murphy Hall, University of St. Thomas Minneapolis Campus 1000 LaSalle Avenue  Minneapolis

RealEstatephotoIdeal Participant:  

  • Real Estate professionals who want upgrade their skills to set them apart from other candidates and to prepare for possible promotions or a job change.
  • People who are considering commercial real estate as a career.
  • People who want to know more about investing in income producing real estate for themselves or others.
  • Individuals in fields associated with real estate, such as architecture, construction, law, and planning

Focusing on the essential concepts, principles, and tools for the analysis of commercial real estate, this certificate program will provide commercial real estate professionals with the tools they need to understand real estate investments in today’s dynamic economy. Participants in the program may sign up for one program or the entire series – whatever works best for their schedule or allows them to meet their career goals. Programs in the certificate are:

  • Valuation: September 12 – October 10classroom2
  • Urban Land Economics & Market Analysis: October 17 – November 17
  • Commercial Real Estate Finance: Spring 2013
  • Investment and Income Analysis: Spring 2013
  • Asset Management: Fall 2013 
  • Legal Aspects of Real Estate & Governmental Controls: Fall 2013

For more information or to register: Contact Executive Education and Professional Development at (651) 962-4600 or visit http://exed.stthomas.edu/CommericalRealEstateEducationMN

Real Estate Programs, UST Program News

Four Real Estate Professionals Complete the Professional Certificate in Commercial Real Estate

PCCRE Graduation Ceremony

The Shenehon Center for Real Estate, in conjunction with the University of St. Thomas Center for Business Excellence has named 4 inaugural recipients of the Professional Certificate in Commercial Real Estate.  The following recipients earned the Certificate on May 16, 2012, after completing the PCCRE program:

Sherry Hottinger, Supervisor of Mortgage Loan Administration, Thrivent Financial
Larry Reger, Sales Broker, Coldwell Banker Burnet
Lisa Sigman, Senior Commercial Loan Closer, Thrivent Financial
Melanie Walsh, Residential Appraiser,  Walsh Appraisals, LLC

The University of St. Thomas Shenehon Center for Real Estate developed the Certificate as a strategy for professionals to keep up with market changes; the program aims to strengthen the foundation of those enrolled for the betterment of their careers, and it is designed for professionals who work within the commercial real estate industry as well as for those making a transition into it.  The six programs provide a comprehensive background of best practices in commercial real estate in the areas of Valuation, Urban Land Economics and Market Analysis, Commercial Real Estate Finance, Investment and Income Analysis, Asset Management, and Legal Aspects of Real Estate and Governmental Controls.  For more information on the Professional Certificate in Commercial Real Estate, visit http://exed.stthomas.edu/CommercialRealEstateEducationMN.

Commercial Real Estate, Real Estate Matters - Interview, Real Estate Programs, Uncategorized, UST Student Profile

Student Profile: Aileen Halligan

aileenhalliganAcademic researchers who study social, behavioral, and organizational psychology have spent the previous decade studying how people make judgement about people they meet. Some of these researchers believe that your brain, specifically the emotional centers, work incredibly fast to make snap judgements about people, a trait that was crucial in our species history, when ascertaining friend from foe was often a life threatening decision. The common phrases for these experiences are “gut feeling” and “a hunch”, and contradictory to the general belief that these emotions are irrational, scientists are increasingly discovering that they are actually the product of an incredibly complex system of sensory analysis, memory, and a syntax that follows a precise logical argument. This insight becomes all the more powerful when one begins to realize just how accurate that gut feeling is when the situation is appropriate.

Considering the opening paragraph of this interview, it is without surprise that Ms. Halligan makes a significant first impression, worthy of the pretense. Very confident, driven, intelligent, well spoken, and conscientious  are the gut feeling(s) I experienced when Ms. Halligan began answering my questions. Aileen’s career, education, and goals are all reflective of these traits, and it would appear a solid bet that her future holds plenty of successes.

Continue Reading

Appraisal, Real Estate Matters - Interview, Real Estate Programs, Uncategorized, UST Student Profile

Student Profile- Lane Thor

DSC_5428“The (best part of the UST MSRE program is the…) whole package; having industry experts as guest speakers, hearing their stories, and learning, first hand, their opinion’s on the major issues facing the real estate industry.  Furthermore, the overall connection to the real estate community as a whole is superb.  These connections will set me up for success in any endeavor I choose. I have had an excellent experience in the program and would recommend it to others in the real estate industry.  The UST and MSRE program’s reputation in the industry is top of the line.”

Real Estate Matters has had the opportunity to sit down with several MSRE students in the graduating class of 2011 and get their impressions of the program, their plans for the future, and their advice to perspective students as their time in the MSRE program draws to a close. The first 2011 graduate, Lane Thor, has been working at the Ramsey County Assessors Office as an Appraiser. Lane was kind enough to take a few minutes out of his busy schedule to answer a few questions for us.

What is your background and experience?

I grew up in St. Paul, and have lived in Lino Lakes since 2006. I earned my undergraduate degree at Hamline University in St. Paul, where I majored in Political Science. I was fortunate enough to play football for Hamline while I was a student there, which provided a great opportunity to learn valuable lessons about life, responsibility, and leadership.

So who do you route for in the MIAC?

I have to route for Hamline.  But I promise, I alway route for St. Thomas to win.  If they play Hamline I just hope for a tie…

Where have you worked since earning your undergraduate degree?

I am fortunate, in that my first job out of school is one I have really enjoyed. I began working at the Ramsey County Assessors Office in 2006.  My day-to-day duties involve the appraisal of real estate for tax purposes. I specialize in residential property and am currently one of 52 appraisers working for Ramsey County. The thing I like most about the job is the unique nature of each property.  Each property presents new challenges and opportunities for me every day. As an undergrad I was interested in getting into business law, but after a few law classes I changed my mind.  My passion for public sector work, especially the parts of the government that support the real estate industry, has remained which makes my current position a great fit for me. Also, my job affords me the opportunity to keep a healthy work-life balance, which is something that is very important to me.

Why did you decide to get an MSRE, and how did you choose UST?

I wanted to strengthen my skill set and knowledge of real estate issues to compliment my current background, with the goal of having more opportunities  in the field of real estate. Looking back on my time in the program I can definitely say that I have broadened my skill set and given myself many new and exciting options. Furthermore, my sophistication in real estate has increased two fold, (1) I have learned more about the theoretical aspects of the real estate industry than I ever imagined, and (2) I was pleasantly surprised at the amount of practical knowledge I gained, with regard to the different aspects of real estate. I am certain that this experience will benefit me in any area of real estate that I get into.

I chose St. Thomas, because the program and the school is regarded in the Twin Cities, as the gold standard in real estate education. UST has an extensive professional network, including the real estate advisory board, which is basically all the heavy hitters in the Twin Cities real estate industry. I looked at a few other programs but ultimately chose UST because I wanted to have classroom experience – that personal level, face-to-face contact with my professors and peers is important for me. Because of this I have built life long friendships.  The small class sizes have allowed me to meet everyone and make valuable connections. The classroom experience and the relationships that stem from this structure is what brought me to UST.

What is the best part of the program?

The whole package – having industry experts as guest speakers, hearing their stories, and getting first hand opinion’s on the major issues facing the real estate industry.  Furthermore, the overall connection to the real estate community as a whole is superb and will set me up for success in any endeavor I choose. I have had an excellent experience in the program and would recommend it to others in the real estate industry.  The UST and MSRE program’s reputation in the industry is top of the line.

Do you have some advice for perspective students?

If you have a passion for real estate, this will be a great opportunity.  As with any graduate degree program, the workload gets heavy at times.  But, if you have taken the time to prepare for the program, taken the GMAT, etc. you will find a way to manage the out of classroom work. This program is great for people who love real estate.

What are your career goals?

Right now, I am working on a couple of ideas that I have been formulating for a long time. I wanted to wait until I graduate before I really focused on one plan, as I needed to really see what was involved in each part of the industry, and where my passions really were. I think for the long-term, I would like to go into business for myself. . For the time being, I will continue to pursue high level positions in the public sector dealing with real estate or real estate related issues. After I get settled in, I would like to begin my own business, doing both at the same time, public sector and private. My private business will consist of a full service real estate company focusing solely on  niche markets that  have not been tapped. With good marketing and perseverance there is a lot of upside to  some areas that  remain untouched.

What is the best advice you have ever received?

At Hamline, my football coach told me to be successful you need to surround yourself with the right people. That means making the right connections, having the right network, as well as putting good people near you. At UST you get that, professors who are helping you and working so you succeed. My new network is due in large part to UST.  This alone has made my decision to enter the MSRE program a great one and makes me very excited as I look forward to my future career.

Real Estate Matters would like to thank Lane Thor for taking the time to share his insight and experience in the MSRE program. We would also like to congratulate him on his graduation and look forward to keeping track of his promising career. To find out more information about the UST MSRE program, please visit our website.