2022 CRE Summit Preview

Page 1

FRIDAY, AUGUST 26, 2022 CHI HEALTH CENTER OMAHA

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Nebraska Skyline Visionaries

DEAL AND DEVELOPMENT OF THE YEAR WINNERS NAMED BY MICHELLE LEACH

TAMAS “TAM” ALLAN

ATTORNEY & PARTNER, VILLAGE DEVELOPMENT LLC, CO-OWNER, LIED PLACE LLC

THe Lund CoMpany announCeS JaSon FISHeR aS pReSIdenT SCOTT JOHN

JASON FISHER

LUND

PRESIDENT, LUND COMPANY

FOUNDER AND CHAIRMAN, LUND COMPANY

VYSKOCIL

SENIOR VICE PRESIDENT, NAI FMA REALTY

The Lund Company recently announced “This is a very significant milestone for that Jason Fisher has been promoted to The Lund Company. I’m thrilled to turn the position of President. Jason joined over the leadership to Jason. His vision The Lund Company in 2004 as Director and passion are going to take the comof Sales and Leasing where he oversaw pany to new heights” said John Lund. the Brokerage and Marketing Division. In John Lund, the company’s founder, will 2005, he was promoted to Vice President remain as CEO but says that the leaderof Sales and Leasing and then to the posi- ship of The Lund Company will be solely tion of President on January 15, 2010. Jason’s. “My role will shift completely to theinvestments, CRE Summit recognizes “Development of the Jason has over 10 years of leadership ex- Every realyear, estate which hasits been Year”my andpassion “Deal offor theyears. Year.”My These awardsRich honoring impactful partners, perience in sales and marketing. During developments andJerry transactions consider size, scope, investment, Secor and Kelly, will be involved this time period, Jason has been instrumencomplexity, potential influence in an and advisory capacity butonwefuture are development all tal in a 54% increase in revenue. He has activity. shifting our focus away from day to day been personally involved in over $100M year’s winners developments in Omaha and operations of thespotlight company.” worth of brokerage transactions and had This Lincoln that are bringing positive change to the Midlands. a leadership role in development projects totaling over 500,000 SF.

Development of the Year (Lincoln): Lied Place

LINCOLN DEVELOPMENT OF THE YEAR: LIED PLACE

At 257 feet and 20 stories, Lied Place is altering the capital city skyline. “It is the tallest private building in Lincoln,” said Tamas “Tam” Allan, an attorney who owns the firm that developed Lied Place, Village Development. “To the best of our knowledge, the rooftop residential units are the highest residences in Nebraska.” Lied Place LLC is a venture shared by Allan, Joey Hausmann, Jon Bruning and Doug Rath. Area firms, Hausmann Construction, Sinclair Hille Architects and First National Bank Omaha, were involved with the $36 million project at 1125 Q St. The site was carved out by the city when the Lied Center requested space be allotted for a multi-story building to conceal the parking garage façade. “Every time I would come out of a Lied Center performance I would see this sliver of a building site,” Allan recalled, a reference to its slight 33-foot depth and 163-foot width. “We bought it in 2014 and couldn’t figure out what to do with it for five years, but we knew it was a great site.” They considered a hotel, onboarding Atlanta’s Smallwood as

CRE Summit • Page 8 • July 22, 2022­


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Nebraska Skyline Visionaries

DEAL AND DEVELOPMENT OF THE YEAR WINNERS NAMED

building architect due to its expertise with Ritz-Carlton high-rise hotels. But Allan said they didn’t like the economics of a high-end hotel downtown.” “We did like their building design and ended up converting the hotel plan to condominiums,” he said. Construction commenced in September 2019. The first residential buyers moved in February 2022. As of early July, the majority of the 37 residential units have closed. The city, according to Allan, acknowledged the project’s important and worked with them on all stages of the design, from Tax Increment Financing, to user agreements for the adjacent city parking garage.

OMAHA DEVELOPMENT OF THE YEAR: THE FARNAM HOTEL

Development of the Year (Omaha): The Farnam Hotel

Redevelopment is no easy task. But the Landmark Center Redevelopment – The Farnam Hotel at 1299 Farnam Street – presented next-level challenges. “This was a 275,000-square-foot, 15-story office building,” recalled Jason Fisher, CEO of the Cushman & Wakefield/The Lund Company. An attached 525-stall parking garage, 400,000-square-foot CenturyLink data center, and shared lobby (The Link) added to the complexity and demanded careful coordination around existing office tenants. Creativity was employed when arriving at the “best use:” a luxury hotel with three new food and beverage concepts. “We like to think about it as ‘vertical mixed-use’ with all the components of live, work and play in one building,” he explained. Partly, its design integrated interior finishes to connect office, hotel and restaurant spaces. Its ownership structure further used and allowed for “opportunity zone” investment. Furthermore, Fisher indicated they had to build a “brand story” from scratch for the boutique hotel, part of the Marriott Autograph Collection family. Undertaken at the height of the pandemic, the $70 million-plus project was described by Fisher as “unlike any other development in town” as a vertical mixed-use, large-scale, third-party, multitenant building. “There have been mixed-use projects and neighborhoods,” Fisher said. “There have also been large-scale office redevelopments. However, never in the same building and never with this sort of use conversion or magnitude.”

Deal of the Year (Lincoln): Cancer Center Partners Lease

At $75 million, a 128,000-square-foot comprehensive cancer care facility represents one of Bryan Health’s largest investments for the city, state and region. According to information provided by NAI FMA Realty, Bryan Health reached out to the firm to identify costs for a building and lease. Following an extensive search, it was determined a new facility would “address the

CRE Summit • Page 10 • July 22, 2022­


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Nebraska Skyline Visionaries

DEAL AND DEVELOPMENT OF THE YEAR WINNERS NAMED

community needs better,” rather than converting an existing building. The final south Lincoln site, donated in memory of April Sampson, will be anchored by Cancer Center Partners and is slated to open fall 2023. “The teamwork and strategic partnerships built between Bryan Medical Center, Cancer Partners of Nebraska and NAI FMA Realty led to achieving the goal of better cancer care to the region,” said NAI FMA Realty Senior Vice President, Property Management Scott Vyskocil. “We applaud the partners for navigating the complexity of the transaction along with challenges brought on by the pandemic, as we all knew the long-term positive community impact of this project.” Vyskocil was joined by President Richard Meginnis; Vice President, Sales and Leasing, Mike Ball; and Bryan Health’s Vice President of Clinical & Support Services, David Reese, in bringing this deal to fruition. The April Sampson Cancer Center, designed by Ballinger, reflects trends in cancer care and transcends the “traditional” medical facility and office design, incorporating insights from other centers around the country and the latest technology.

LINCOLN DEAL OF THE YEAR: APRIL SAMPSON CANCER CENTER

Deal of the Year (Omaha): Blackstone Plaza

The Lund Company was also the redevelopment force behind the “reimagining” of the 15-story, 240,000-square-foot, 1960sera Kiewit Plaza. The monolith at 36th and Farnam streets is now Blackstone Plaza, the new home to local NBC affiliate WOWT. The fully revamped site features offices and the return of a storied meeting space: The Cloud Room. The firm worked with architects, attorneys and contractors to separate an attached two-story space from the 15-story tower (security requirements and mandates established by WOWT owner, Gray TV). The team arrived at an answer in the form of a “condominium regime.” “It’s not every day that a developer has to envision a way to separate two attached buildings from one another to meet ownership mandates,” said John F. Lund. And, while it was noted that condo regimes are created in larger cities with mixed-use projects, separating a smaller building with a resulting “shared” lobby added to the complexity. Novel solutions were deployed in “record time” – 19 months from purchase to WOWT occupancy. The former WOWT property is slated to make way for a 200-unit housing space (by summer 2024).

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As a boundary-pushing around the world pilot, Amelia Rose Earhart knows exactly what it takes to venture into uncharted territorywith confidence. With the odds stacked against her, Amelia not only trained to become a pilot, but to honor the pilot she was named after, Amelia Mary Earhart, by piloting a single engine airplane (Pilatus PC-12NG) 28,000 Nautical Miles around the globe. To accomplish this, Amelia developed a flight plan all her own, and while reporting full-time as on air, TV helicopter reporter, completed private, instrument and commercial pilot training, crafted an entrepreneurial and strategic business plan to design, fund and market her around the world attempt, raised close to $2 million in partnerships with 28 corporations, founded and ran the Fly With Amelia Foundation, which sent numerous teenage girls to flight school, and more. Today, Amelia Rose Earhart is a full-time speaker, podcast host, and artist living in Denver, CO, who incorporates the lessons of her 2014 global flight into every aspect of her professional and personal life. Amelia is excited to share the remaining funds from the Fly With Amelia Foundation to another aviation charity helping to promote women in aviation and will be sharing exciting details soon. From the Air Force Thunderbirds, to the Reagan Library, to corporations like Capital One, Lockheed Martin and United Healthcare, Amelia’s list of clients who trust her message of agility continues to grow. Amelia is currently submitting her manuscript, The Ups and the Downs of Turbulence, which she wrote with author Kristin Clark Taylor, during Winter of 2020. Memorabilia from Amelia’s flight around the world can be found at her permanent display at Wings Over the Rockies Air and Space Museum in Denver, CO.

CRE Summit • Page 14 • July 22, 2022­


Nebraska’s Largest Real Estate Team

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CRE Summit • Page 15 • July 22, 2022­


CRE Summit Hall of Fame

INTRODUCING THE 2022 INDUCTEES

BRENDA DOOLEY

SENIOR VICE PRESIDENT, FIRST NATIONAL BUILDINGS

Brenda Dooley is the senior vice president of First National Buildings, a division of First National Bank of Omaha (FNBO). FNBO is independent and family-owned, with 165 years and six generations of banking experience. First National and its affiliates have $26 billion in managed assets and nearly 5,000 employees across eight states with a real estate portfolio of 2.7 million square feet. Dooley began her career with First National in 1989 and has served in her current role leading First National Buildings since 1999. She is responsible for overall corporate real estate management, planning, operations and corporate security. Dooley has led many projects such as FNBO’s downtown Omaha redevelopment including First National Bank Tower and sculpture parks in addition to many new branch projects across First National’s footprint. Throughout her career, Dooley has been involved in the City of Omaha’s endeavors towards long-term downtown redevelopment planning and the Downtown Business Improvement Area board in addition to serving on several other boards. Dooley, a graduate of Wayne (Nebr.) State College, was honored as a graduate of the INFLUENCE Program sponsored by the Institute for Career Advancement Needs/ICAN. In 2003, she was a Midlands Business Journal 40 Under 40 honoree. Dooley holds professional certificates in both Real Property Administrator (RPA) and Facility Management Administrator (FMA) sponsored through Building Owners and Managers Institute (BOMA). Dooley lives with her husband and family, including two granddaughters, in Missouri Valley, Iowa, where she has lived her entire life. She served on the Board of the Missouri Valley School District in many capacities for 13 years.

KEVIN RHODES

PRESIDENT, GREENLEAF PROPERTIES

Kevin Rhodes graduated from the University of Iowa and received his broker’s license and certificate of real estate and land-use economics from the University of Nebraska at Omaha. He began his real estate career in 1974 as the exclusive leasing agent of the newly completed NBC (National Bank of Commerce) Center in Lincoln, now Wells Fargo Center, designed by internationally known architect I.M. Pei. The Center was fully leased in less than two years. From 1977 to 2000, Rhodes was employed with MEGA Corporation of Lincoln and served as a stockholder and president and on the board of directors. From 2000 until his retirement in 2021, his resume included positions with Cabela’s Inc., World Group Commercial Real Estate in Omaha, and Greenleaf Properties as well as a focus on his own personal properties. Rhodes was awarded his CCIM (Certified Commercial Investment Member) designation in 1985. For more than 10 years, he served on numerous CCIM committees as a member and chairman and achieved coveted instructor and senior faculty positions. He participated in the Nebraska chapter from 1981 to 2020. Rhodes found great professional purpose in his participation in the Lincoln Board of Realtors, Nebraska Realtors Association and the National Association of Realtors. In total, he participated in over 25 committees, forums and subcommittees at the local, state and national levels. He served on the board of directors for Lincoln Board of Realtors from 1984 to 1992 and as president in 1992. He served the Nebraska Realtors Association in various leadership roles in the late 1980s and 1990s, up to and including president. Rhodes was also a National Association of Retailers regional vice president. Rhodes’ honors include Nebraska Realtor of the Year (2005), Lincoln Board Realtor of the Year (1987), President’s Achievement Award (1985 and 1987) and the Outstanding Service Award (1990). Rhodes’ Lincoln-area community involvement has included Cosmopolitan Club and Crucibles Club as well as volunteer and leadership activities with Cub Scouts, YWCA, First Plymouth Preschool, and Lincoln East High School. He and wife Dr. Jacqueline Rhodes have a son and daughter and three grandchildren.

CRE Summit • Page 16 • July 22, 2022­


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CRE Summit Hall of Fame

INTRODUCING THE 2022 INDUCTEES

CURT HOFER

OWNER & PRESIDENT, CURT HOFER & ASSOCIATES

Hofer, age 59, co-founder of Jasper Stone Partners and Jasper Stone Holdings, currently serves as president and chief executive officer. Hofer has been primarily responsible for successfully raising the private equity required for the firm to acquire/build, manage and sell roughly $275 million in commercial real estate assets since its inception. Hofer is a significant equity stakeholder in Avenue One, Omaha’s newest mixed-use development located at 192nd Street and West Dodge Road. Avenue One is expected to be valued at over $1.2 billion upon completion. Hofer’s core business philosophy of being highly accountable, financially transparent, and relationally available has led to high levels of trust from employees, team leaders, company stakeholders and financial partners over the years. In addition, Hofer had previously founded and led several other companies whose current management teams are still operating independently and growing successfully in the construction and development arena during a time when many businesses have failed. These well respected companies include Curt Hofer Associates — Nebraska’s market leader for high-end residential home design and construction which has completed over $350 million in projects since its founding. Other companies he has founded and which continue to operate include APEX Development, APEX Painting and APEX Cabinets that provide subcontractor services in the construction industry. These companies have been successful primarily because of the leadership and day to day management of the people he has trusted and mentored.

MARK WESTERGARD

RETIRED, E & A CONSULTING GROUP

Westergard is a well-respected civil engineer who has designed and managed commercial, industrial and residential development projects in the Omaha area for over 43 years. Most years were spent at E & A Consulting Group, Inc. with projects located in the Greater Omaha area. However, Westergard spent seven beneficial years with Union Pacific Realty designing industrial and business parks across the western United States. Westergard, an Iowa State graduate, started at E&A in 1979 as a project engineer and worked there until 1984 when he was hired by Union Pacific Realty. Returning to E&A in 1992 as a project manager, Westergard quickly became a principal in 1996 and was named the firm’s CEO in 2000. During his 15-year tenure as CEO, E&A flourished, growing from 35 to over 100 employees. In 2015, Westergard assumed the role of chairman of the board and served in that capacity until late 2021. Westergard considers it a privilege to have worked with so many developers on such a wide variety of projects over his career. His work includes approximately 120 developments and just under 10,000 acres of land producing over $4 billion in property valuations added to the Omaha tax base. Although specializing in residential development, a few of the commercial and industrial developments that Westergard has been involved with include Whispering Ridge and Whispering Ridge West, Roanoke Business Park, The Thompson Mile, I-80 Industrial Park, CenTech Business Park, West Cornhusker Plaza, Harrison Woods, Granite Falls Commercial, Portal Plaza, portions of the Oak Brook Mall, Southwestern Plaza, Prairie Corners, portions of Southport West, North Shore Commercial, and Kensington Park. Westergard and his wife, Jan, reside in Deer Creek and have four grown daughters.

CRE Summit • Page 18 • July 22, 2022­


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CRE Summit • Page 19 • July 22, 2022­


Conference Agenda

2022 CRE SUMMIT

7:30 AM-8:30 AM

REGISTRATION OPENS

8:20 AM-8:45 AM 2021-2022 HIGHLIGHTS AND PROGRAM OVERVIEW Chris Mensinger, Senior Vice President | Nebraska, Brokerage Services, Colliers - Co-Chair of CRE Summit: WELCOME AND PROGRAM OVERVIEW Jerry Slusky, Esq., Partner, Smith Slusky Law - Founder & Chair of CRE Summit: THE CHANGING WORLD OF CRE Special Guest Introduction: Mick Cornett, Former 4-term Mayor of OKC, Author of “The Next American City: The Big Promise of Our Midsize Metros”, Executive Partner at Magellan Exec. Partners, Executive Counsel to Jones PR, Flintco Construction Deals of the Year: Lincoln: Richard Meginnis, President; Mike Ball, Vice President, Sales & Leasing; and Scott Vyskocil, Senior Vice President, Property Management of NAI FMA Realty; and David Reese, Vice President of Operations, Bryan Health for Cancer Center Partners Lease Omaha: John Lund, Founder & Chairman, Cushman & Wakefield | The Lund Company for Blackstone Plaza Development of the Year, Lincoln: Tam Allan, Lied Place Development, LLC for Lied Place Development of the Year, Omaha: Jason Fisher, President, Cushman & Wakefield | The Lund Company for The Farnam Hotel UNO SCHOLARSHIP RECIPIENT Joscelyn Vincent, UNO 8:45 AM-9:00 AM THE CHANGING WORLD OF THE ECONOMY / MACRO UPDATE PRESENTER: Ernie Goss, Ph.D., MacAllister Chair & Professor of Economics, Creighton University 9:00 AM- 9:45 AM

SESSION ONE: THE CHANGING WORLD OF THE CRE WORKPLACE / HOW BUSINESSES ARE RESPONDING TO A HYBRID WORKFORCE MODERATOR: Nancy Pridal, CEO & President, Lamp Rynearson PANELISTS: Polly Harris, SHRM-CP, AV-WR Services | President, LEAD Jason Lauritsen, CEO, Co-Founder and Head Coach, Cultivayo • Hobson Powell, Vice President, Global Support, LinkedIn Alysia Radicia, Partner, RDG Planning & Design 9:45 AM-10:00 AM

NETWORKING BREAK

10:00 AM-10:45 AM

SESSION TWO: THE CHANGING WORLD OF CRE LENDING / THE IMPACT OF RISING INTEREST RATES ON COMMERCIAL REAL ESTATE MODERATORS: Holly Clark, Senior Commercial Lender, First National Bank of Omaha Kendra Ringenberg, Partner, Ringenberg & Rattner Law PANELISTS: Brad Hammitt, Vice President, Mortgage Lending, Mutual of Omaha Marc Wisdom, Executive Vice President, Pinnacle Bank • Jenn Kanne, Market Manager, Great Southern Bank John Reed, Managing Director, Debt & Equity, NorthMarq 10:45 AM-11:00 AM

NETWORKING BREAK

11:00 AM-11:45 AM

MORNING BREAKOUTS BREAKOUT 1: THE CHANGING WORLD OF MULTI-FAMILY / RISING INTEREST RATES AND HIGH CONSTRUCTION COSTS / AN OVERVIEW OF SINGLE-FAMILY RENTAL MODERATOR: Jerry Slusky, Esq., Founder of SB Communities and Picket Fence Communities PANELISTS: Josh Larsen, Vice President - Debt & Structured Finance, CBRE Sean Miglini, Senior Commercial Lender, Veridian Credit Union S. Parker Stewart, Managing Director, Investment Sales, Northmarq BREAKOUT 2: THE CHANGING WORLD OF RETAIL / IS RETAIL REBOUNDING POST-COVID? MODERATOR: Kristi Andersen, Vice President | Nebraska, Brokerage Services, Colliers

CRE Summit • Page 20 • July 22, 2022­


Conference Agenda

MIDLANDS BUSINESS JOURNAL

2022 CRE SUMMIT

PANELISTS: Lindsay Banks, Development Project Manager, Lockwood Development • Jami Heidemann, Vice President, CBRE Jared Sullivan, Associate Broker, The Lerner Company • Brian Kuehl, Retail, Office & Land, Investors Realty BREAKOUT 3: THE CHANGING WORLD OF CRE CONSTRUCTION CONTRACTS AND LEASES / IS THE GMAX CONSTRUCTION CONTRACT HISTORY? MODERATOR: Amy Lawrenson, Partner, Baird Holm LLP PANELISTS: Kurt Cisar, AIA, LEED AP, Prinicpal, Holland Basham Architects Sam Garden, Senior Project Management Director, CBRE 11:45 AM-12:00 PM

NETWORKING BREAK

12:00 PM-1:00 PM

KEYNOTE SPEAKER/NETWORKING LUNCH 2022 HALL OF FAME CLASS Brenda Dooley, VP of Facilities, First National Bank of Omaha • Curt Hofer, Owner & President, Curt Hofer & Associates Kevin Rhodes, President, Greenleaf Properties • Mark Westergard, Retired, E & A Consulting Group SPEAKER: Amelia Rose Earhart, Pilot and Speaker KEYNOTE DESCRIPTION: Learn to Love the Turbulence: When unexpected challenges force us to choose a different path toward reaching our goal, it can be tempting to lose momentum, or even give up completely. Flexibility and options for success are unlocked and explored, as Amelia shares stories and strategies centered around seeking new paths with confidence and creativity.

1:00 PM-1:15 PM

NETWORKING BREAK

1:15 PM-2:00 PM

AFTERNOON BREAKOUTS BREAKOUT 4: THE CHANGING WORLD OF CRE CONSTRUCTION / NAVIGATING THE TURBULENCE OF LABOR SHORTAGES, CHOKED SUPPLY CHAINS & RISING CONSTUCTION COSTS MODERATOR: Quinn Texmo, Business Development and Marketing, Turner Construction Company PANELISTS: Mike Bruskin, Vice President, Chief Procurement Officer, Turner Construction Company Tim Huber, President, Overland Constructors • Ashley Kuhn, President, Blair Freeman Group BREAKOUT 5: THE CHANGING WORLD OF CRE INVESTMENT PROPERTY / FINDING SUCCESS IN AN ENVIRONMENT OF RISING INTEREST RATES MODERATOR: Ember Grummons, Investment Property Broker, Investors Realty, Inc. PANELISTS: Alex Burnam, Director of Acquisitions, StorageMart • Brian Diedrichsen, Managing Partner, NewStreet Properties Kirk Hanson, Principal, ACCESS Commercial, LLC • John Heine, President, Oak Investment Real Estate BREAKOUT 6: URBAN LAND INSTITUTE, INTRODUCING THE OMAHA CHAPTER PANELISTS: Mick Cornett, Former Mayor of OKC, Author of “The Next American City: The Big Promise of Our Midsize Metros”, Executive Partner at Magellan Exec. Partners, Executive Counsel to Jones PR, Flintco Construction Jason Fisher, President, Cushman & Wakefield | The Lund Company • David Levy, Partner, Baird Holm

2:00 PM-2:10 PM NETWORKING BREAK 2:10 PM-2:20 PM WELCOME OUR NEW GREATER OMAHA CHAMBER OF COMMERCE PRESIDENT Veta Jeffery, President, Greater Omaha Chamber 2:20 PM-3:05 PM CLOSING SESSION: PRESIDENT’S ROUNDTABLE / THE CHANGED WORLD OF CRE MODERATOR: Jerry Slusky, Esq., Partner, Smith Slusky Law - Founder & Chair of CRE Summit PANELISTS: Jason Fisher, President, Cushman & Wakefield | The Lund Company • Bennett Ginsberg, Managing Director, CBRE Deb Graeve-Morrison, President, NP Dodge • Kirk Hanson, Principal, ACCESS Commercial, LLC Tim Langan, President, Investors Realty, Inc. • Jay Lerner, President, The Lerner Company Mike Potthoff, President, Principal |Omaha, Colliers • T.J. Twit, President, Seldin, LLC 3:00 PM-5:00 PM

RECEPTION: networking, complimentary cocktails

Presented by:

CRE Summit • Page 21 • July 22, 2022­


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