Kraus Anderson – Real Estate Matters
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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.

Housing, Residential Real Estate, Think Outside The Box, Twin Cities Real Estate, Uncategorized, UST Program News, UST Real Estate in the News

Construction Moves Forward on House to Benefit UST Real Estate Programs

Contractors are taking advantage of the good weather and are making good progress on the construction of the house that is being built to be sold with excess funds going to benefit the Real Estate Programs at the University of St. Thomas.

Workers were busy last week setting the trusses on the UST Real Estate House located at 6443 McCauly Terrace in Edina. Construction began in mid-October when crews excavated the basement and began pouring the foundation and the basement walls. Framing is expected to be completed next week. The house will be completed in mid-February just in time for the R E House 1house to be featured in the 2014 spring Parade of Homes. The general contractor on the project is JMS Custom Homes who is also a major sponsor, donating its services to make sure the house is completed on budget and on time. Building the house to benefit the Real Estate Programs at the University of St Thomas was a concept that was proposed and adopted by the UST Real Estate Advisory Board (REAB) as a major fundraising initiative. The idea behind the project was to solicit the donation of cash and/or building materials that will be used to build the house at a greatly reduced cost basis. The subcontractors are providing services and/or materials for the project at no cost, or at reduced cost, to help reduce the cost of construction. Many of the members of the Advisory Board have made donations towards the project or used their connections to locate other donors.   The difference between the sale price of the home and the cost to build the home will be donated to St. Thomas to support scholarships for St. Thomas students enrolled in the university’s real estate degree programs.

 

R E House 3a

The project will also provide hands-on experience for St. Thomas students. Two UST undergrad real estate majors are working as interns with JMS Custom Homes during the construction and sale of a single-family home. These students are getting valuable experience as they work throughout the permitting and construction process from start to finish.

 

UST House Rendering

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.

 

 

 

Commercial Real Estate, Development, Minnesota Real Estate Hall of Fame

Lloyd Engelsma – Member of the Minnesota Real Estate Hall of Fame

The Minnesota Real Estate Hall of Fame was established by the Shenehon Center for Real Estate at the University of St. Thomas Opus College of Business to honor leaders in the local real estate community.  As we begin taking nominations for the 2011 Minnesota Real Estate Hall of Fame, we wanted to introduce you to the esteemed group of current Minnesota Hall of Fame members.  Meet Lloyd Engelsma, 2010 Minnesota Real Estate Hall of Fame Inductee.     

Lloyd Engelsma (1913-1997)

Mr. Lloyd Engelsma is known for cultivating and maintaining the outstanding reputation for high quality and timeliness that Kraus-Anderson still holds today.  He proved his integrity through his collaborative approach with owners, architects and the planning team. Continue Reading