Tim Lawrence – Real Estate Matters
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Tim Lawrence

UST Class Profile, UST Program News

UST Real Estate Class Profile: International Real Estate Development

Interested in what the UST Real Estate program has to offer? Students (both undergraduate and graduate) interested in International Real Estate Development have the opportunity to study in Grand Cayman (while escaping January in Minnesota!) Read on to learn what graduate student, Tim Lawrence, had to say about his experience studying International RE Development in Grand Cayman.

Can you provide a little background on what the overall course goals/objectives are?

We have been studying a large planned-use development on Grand Cayman called Camana Bay.  The project is being developed by Dart Realty (Cayman) Ltd., which is a subsidiary of Dart Enterprises.  So far, only a very small portion of the planned development is completed.  Dart plans to continue development in phases over several years.

Camana Bay, photo source: Dart Realty

Can you explain what your typical work-day is like when in the Cayman Islands?

Most of our time in the Cayman Islands was spent exploring.  We were trying to gain an understanding of the Island’s unique political, business and geographic circumstances.  Specifically, we were interested in the similarities and differences between the Cayman Island and other markets (both domestic and global) and the effect this has on Real Estate and Development.  We met with representatives of both Dart and The Cayman Islands Planning Department.

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Uncategorized, UST Student Profile

Student Profile: Tim Lawrence, Site Selection Specialist & Retail Real Estate Broker

TimLawrenceWith expertise in geography and location analysis, Tim Lawrence helps retailers and developers find the perfect site.  Now, Tim is expanding upon his real estate knowledge in the MSRE program.

What is your educational background and professional experience?

I majored in Geography and English at the University of Wisconsin- Eau Claire.  Because of my interest in Location Analysis, one of my professors recommended a master’s program at UNC-Charlotte.  I completed the MA in Geography at UNC-Charlotte, a program focused on Location Analysis, particularly retail location.

I became interested in under-served retail markets, particularly inner-city retail potential.  While in that program, I was hired to complete research projects for two wonderful companies that were on the brink of rapid expansion into under-served markets.  At Supervalu, I built a sales forecasting tool for potential new Save-A-Lot store locations.  Supervalu was one of the first retail chains to conduct detailed market analysis studies decades before I had the opportunity to work for the same department.

After that, at Family Dollar, I interned with the real estate department.  I conducted a customer-spotting project to determine trade area parameters.  Using this information, we were able to create a model to use for evaluating prospective sites.  Family Dollar soon hired me as a Real Estate Manager, a position I held for six years, both in Charlotte and the Twin Cities.  I found this to be an excellent opportunity to gain retail real estate experience and exposure to dozens of retail markets throughout the country to complement my background in retail market planning and analysis.

Currently, I operate my own commercial real estate brokerage, Terrager Corporation, with a focus on location consulting for developers and retailers.

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