LIFETIME ACHIEVEMENT AWARD-WINNER, JOE RYAN Congratulations to Joe Ryan on his Lifetime Achievement Award from the RE Journals! Joe founded Oppidan in 1991 with the personal philosophy of always “delivering value.” For 32 years, “delivering value” has been the key to transforming Oppidan into a national real estate development leader.
Oppidan.com 952.294.0353 Excelsior, Minnesota
LIFETIME ACHIEVEMENT HOTEL / HOSPITALITY REDEVELOPMENT / REUSE / HISTORIC - URBAN PROJECT MANAGER OF THE YEAR PROFESSIONAL SERVICE COMPANY OF THE YEAR
PROPERTY MANAGEMENT COMPANY OF THE YEAR - HOUSING
OFFICE
INTERIOR DESIGN - 50 PLUS/SENIOR LIVING
CITY OF THE YEAR
GREATER MINNESOTA
MOST SIGNIFICANT LEASE TRANSACTION IN 2022
REAL ESTATE LAWYER OF THE YEAR
SUBURBAN MULTIFAMILY - SW
INTERIOR DESIGN - HOSPITALITY
AFFORDABLE HOUSING - URBAN
WOMAN OF THE YEAR - REAL ESTATE SERVICES
ARCHITECT OF THE YEAR
URBAN MULTIFAMILY - MINNEAPOLIS
REDEVELOPMENT / REUSE / HISTORIC - SUBURBAN
INTERIOR DESIGN - SUBURBAN APARTMENT
INDUSTRIAL - NE
INDUSTRIAL - SE
OWNER / LANDLORD
SENIOR HOUSING
URBAN MULTIFAMILY - ST. PAUL
MORTGAGE BROKER / BANKER OF THE YEAR
FLEX BUILDING PROJECT
SUBURBAN MULTIFAMILY - NE
WOMAN OF THE YEAR - SENIOR HOUSING
INTERIOR DESIGN - SUBURBAN OFFICE
EDUCATION & DAYCARE - SUBURBAN
SUBURBAN MULTIFAMILY - NW
GOVERNMENT / COMMUNITY FACILITY
INDUSTRIAL - SW
EDUCATION & DAYCARE - URBAN
PROPERTY MANAGER OF THE YEAR - MALE
RETAIL / RESTAURANT
EMERGING LEADER OF THE YEAR
AFFORDABLE HOUSING - SUBURBAN
SUBURBAN MULTIFAMILY - SE
INDUSTRIAL - NW
WOMAN OF THE YEAR - DEVELOPMENT & CONSTRUCTION
INTERIOR DESIGN - HEALTHCARE MIXED-USE PROPERTY - MINNEAPOLIS PROPERTY MANAGER OF THE YEAR - FEMALE MIXED-USE PROPERTY - ST. PAUL INTERIOR DESIGN - URBAN OFFICE MEDICAL PROPERTY INTERIOR DESIGN - URBAN MULTIFAMILY BROKER OF THE YEAR
MOST SIGNIFICANT INVESTMENT SALE TRANSACTION IN 2022 PROPERTY MANAGEMENT COMPANY OF THE YEAR GENERAL CONTRACTOR OF THE YEAR DEVELOPER OF THE YEAR EXECUTIVE OF THE YEAR PEOPLES CHOICE - PROPERTY PEOPLES CHOICE - PERSON
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JUDGES SHALIN E. JOHNSON, ARM MARSH MCLENNAN AGENCY
Shalin has over 30 years of experience in the insurance industry. He draws on every facet of that experience daily to provide his clients with sound and timely advice on their risk management programs. He prides himself on his ability to help his clients understand their risk and find the best way to prevent it.
JOHN NORDSTROM
EMANUELSON - PODAS John is a managing partner with more than 15 years of experience in the MEP industry. As a licensed professional engineer, he is directly involved in all aspects of mechanical design and considers his true expertise plumbing design. John worked for his family’s plumbing company through college and grew his design expertise on the job at medical office buildings, hospitals, clean rooms and other plumbing-heavy projects. (A bonus of his experience is that John is now EP’s resident expert on all household plumbing issues as well!)
MARK GOODMAN
COMMERCIAL PARTNERS TITLE Mark instinctively takes a “big picture” approach in developing the best solutions for clients. Joining Commercial Partners Title in 1995, Mark leveraged his broad expertise in sales and service to seek the best solutions for our title insurance customers. He honed his problem solving skills early in his career. As a private banker with Bloomington Lake National Bank, Mark sought out all available banking options for his customers.
VICKIE LOHER-JOHNSON
MONROE MOXNESS BERG PA Vickie Loher-Johnson represents buyers and sellers in commercial real estate transactions and real estate development matters. In retail leasing transactions, Vickie has experience representing both tenants and landlords. She conducts due diligence reviews, including title, survey, land use, permitting, and environmental matters and, in doing so, considers the current, planned and future uses for a client’s commercial properties. Vickie also applies her real estate knowledge in the firm’s Public Finance practice, assisting local governmental units in real estate matters associated with transactions involving tax-increment financing and their other land development needs.
PATRICIA GNETZ
US BANK - COMMERCIAL REAL ESTATE As senior vice president and relationship manager for U.S. Bank’s commercial real estate banking division, Patty Gnetz is responsible for underwriting, originating, closing and monitoring commercial real estate construction loans, term loans, and lines of credit. Prior to joining US Bank, Gnetz spent sixteen years as the president and owner of Nicollet Financial Corporation, a commercial real estate mortgage brokerage company. She began her finance career as a banker at the First National Bank of Saint Paul.
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JEREMY R. JACOBS
COLLIERS INTERNATIONAL I began my career as on Active Duty in the United States Army (2006-2011). I spent nearly five years as a Judge Advocate General (attorney), an experience that was highlighted by a deployment to Iraq in 2008. I also spent time practicing as a Tax Attorney, Contract & Fiscal Law Attorney, Administrative Attorney and completed my tenure in the Army as a prosecutor.
2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
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PROFESSIONAL SERVICE COMPANY OF THE YEAR
SAMBATEK, LLC
FORTE REAL ESTATE PARTNERS
Sambatek, LLC is a professional services firm that specializes in civil engineering, transportation, planning, surveying, and environmental services. Since 1966, our diverse teams have been devoted to the success of our clients and are dedicated to building deep relationships while developing our communities. Sambatek is a vibrant organization that believes integrity, value, and outstanding service are the foundations of a great company. Sambatek serves clients nationwide through offices in Minnetonka, Minnesota; Rochester, Minnesota; Raleigh, North Carolina; and Dallas, Texas.
Forte Real Estate Partners, created in 2021 when Paramount Real Estate merged with Excelsior Advisory, is a team of experienced, passionate, creative commercial real estate experts who advocate for clients, guiding decisions about space that drives their success. Using a more personalized approach, they uncover new ideas and bring value to real estate assets. Serving the healthcare, manufacturing, logistics, transportation, professional and financial services, private equity, media and technology, and non-profit organizations, the firm-s more than 20 experienced CRE professionals are passionate about helping organizations find their purpose in their space. Learn more @ forterep.com.
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www.a-p.com
2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
YOUR TWIN CITIES EXPERT BUILDER SINCE 1978
Science Museum of Minnesota
Mall of America
PCL.COM
O’Shaughnessy Distilling Co.
PROFESSIONAL SERVICE COMPANY OF THE YEAR
INSIGHT RESTORATION
CARLSON PARTNERS Building on our firm’s foundation of tenant representation, Carlson Partners offers a range of services specialized to help industrial, office, and retail businesses meet their commercial space needs. Our expertise includes lease negotiations, site selection, build-to-suit, government and location incentives, and portfolio management. Our team of real estate experts have worked all over the world, finding clients the right spaces and negotiating deals that maximize every square foot. We work passionately every day on behalf of our clients to deliver unparalleled results and unlock value.
Insight Restoration is a Woman Owned Business specializing in commercial property mitigation and recovery. This includes damage caused by water, fire, storms and mold. Insight Restoration-s vision is to provide a level of service unmatched in the industry, through our experienced, highly trained personnel and patented drying technology. During these stressful events INSIGHT is your recovery partner with a mission to reduce business interruption through collaboration, communication and cooperation, while maximizing the drying process. With a singular focus on your facility-s recovery, industry leading efficiency, customer service, best in industry products and patented equipment, Insight Restoration is your best partner.
C ONGR ATUL ATIONS
OPPIDAN FOUNDER /CEO
JOE RYAN
for earning Minnesota Real Estate Journal’s Lifetime Achievement Award
ALERUS.COM/BUSINESS Member FDIC
8
2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
AIR POWER LIGHT WATER Smarter design of your mechanical and electrical systems will dramatically impact your ability to achieve your project goals and maximize your investment. We work closely with developers, owners, architects, and construction professionals to intelligently bring air, power, light, and water to the places that matter.
Let’s connect and do great things.
epinc.com
OFFICE
LIFELONG WEALTH ADVISORS
401 LAKE STREET EAST
Lifelong Wealth Advisors, a growing Twin Cities wealth management firm serving individuals, families & business owners, teamed up with Element in the development of a new long-term home in Arden Hills to provide a more inviting & accessible office for its employees & clientele.
Designed to enhance Wayzata’s rich architectural diversity and create enduring value for the community, 401 Lake Street East is a graceful, three-story, mixed-use building. The classical proportions reflect the scale of classic downtown buildings while recalling cherished libraries, historic banks and other civic buildings.
Developer: Element Commercial Real Estate Contractor: Carlson-LaVine Inc. Lead Architect: U+B Architecture & Design, Inc.
Developer: N/A Contractor: Terra Construction Lead Architect: Peterssen/Keller Architecture
LOUISIANA CROSSING The vacant Sam’s Club site was purchased in 2021 to be redeveloped into Loffler Companies new corporate headquarters. After substantial research and employee surveys,Loffler and Gensler planned a new hybrid workplace centered around the wellness of employees.Amenities include a cafe,bar,fitness center,golf simulator, bike storage, and access to the Cedar Lake Bike Trail. Developer: Loffler Companies Contractor: Crawford Merz Lead Architect: Bill Baxley, Gensler
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2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
CSM Corporation develops, owns, and manages a wide range of properties including hotels, office, retail, industrial and residential communities. We’re committed to delivering exceptional business results for our guests, tenants and residents, while making a positive difference for our employees — and the communities where we live and work.
CSMCorp.net | 612.395.7000
COMMERCIAL & RETAIL CSM Commercial develops, owns and manages office, industrial, and retail real estate nationwide. In its 40+ years of operation, CSM has built, acquired or redeveloped 140 commercial properties coast to coast, including more than 15 million square feet of space. Our unique approach to design and development results in construction that is well-built, easily maintained and flexible for future use. CSM’s in-house resources provide unparalleled expertise and cohesive solutions for clients.
LODGING CSM Lodging has been one of the top 50 hotel management companies in the US with a proven track record of success. Some of our accolades include; Marriott Developer of the Year, Marriott Classic Premium Hotel of the Year and Best Conversation Hotel of the Year. CSM has built and managed nearly 50 hotels for some of the nation’s most prestigious brands, including Marriott, Hilton and Hyatt. We develop, design and operate hotels from coast to coast with unique and comprehensive experience.
RESIDENTIAL With more than 7,800 residential units developed, managed and owned nationwide, CSM Residential is a highly respected residential property management company nationwide. We understand that communities are more than just a building, they are our residents home. Ultimately, our goal is to drive value for our residential investments to be; more competitive in the market, more profitable and more attractive to residents over the long-term.
CSM Corporation and Gary Holmes Congratulate
JOE RYAN
- 2023 Minnesota Real Estate Journal Lifetime Achievement Award -
CITY OF THE YEAR
CITY OF APPLE VALLEY
CITY OF ELK RIVER
With over 900 acres of park land, an array of shopping and dining options, successful businesses both large and small, and multiple housing varieties to support a steadily growing population, Apple Valley is a great place to live, work, and play. At its core are the residents who make Apple Valley the outstanding community it is—the population has grown from 34,598 in 1990 to over 56,000 in 2022! This past year was a steady, thriving year of commercial, residential, office, and industrial development, with nearly $191 million worth of building permits being issued in 2022.
2022 was an exciting year for Elk River. Many private, regional, and city projects have been started, continued, and completed during this time. All these projects have been growing the public value we strive to provide to our residents and the region. As we look forward, we are confident that 2023 will hold the same trajectory.
On behalf of Bailard, we congratulate our partner Oppidan and its founder
Joe Ryan for receiving the prestigious Minnesota Real Estate Journal Lifetime Achievement Award
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2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
CITY OF THE YEAR
CITY OF LAKEVILLE
CITY OF FOREST LAKE
The ideal combination of historic charm and modern convenience, Lakeville is a thriving city comprised of vibrant businesses and successful community partnerships. Local government, education and commerce have worked together to build a dynamic city that offers a wide array of shopping, housing, and economic development opportunities. With a historic downtown, vibrant industrial and business parks and a MAC reliever airport, Lakeville attracts quality growth while maintaining a small-town feel and exceptional quality of life.
In 2022 and early 2023 the City of Forest Lake completed and began work on numerous projects to make development in the city more successful. These projects include the approval of a new Downtown Plan, updates to our zoning code to allow for smaller residential lot sizes, and an innovative partnership with the watershed for stormwater management in downtown Forest Lake. Combined these efforts make the City of Forest Lake a great place to do business!
Congratulations, David! David J. Krco Lawyer of the Year Finalist dkrco@bestlaw.com 612.349.5676
Real Estate • Litigation • Construction Law • Title Work • Insurance • Leasing Boundary and Easement Disputes • Lakeshore Matters • Mechanic’s Liens Real Estate Development and Construction Disputes • Fraud and Lease Disputes
lawyers you know
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www.bestlaw.com
2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
THANK YOU
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MOST SIGNIFICANT LEASE TRANSACTION IN 2022
PIPER SANDLER LEASE - NORTH LOOP GREEN
STATE OF MN - DISABILITY DETERMINATION SERVICES
Piper Sandler is set to relocate from their downtown Minneapolis headquarters to nearby new development, North Loop Green, in summer 2025. The investment banking organization signed a 15year lease for 113,000 s.f., becoming the anchor tenant of the property set to open in 2024. The lease was one of the most significant leases in the Minneapolis-St. Paul market in 2022, reshaping how tenants view quality space and their workplace experience.
The CBRE team of Mike Marinovich and Chris Gliedman represented the Great Northern Building in downtown St. Paul on a 43,907 SF lease transaction with the State of Minnesota - Disability Determination Services (DDS). The 10-year lease for the entire 5th floor has a total consideration of over $9,000,000. The tenant is relocating from the Metro Square Office Building owned by Ramsey County.
CELEBRATING 10 YEARS IN THE MIDWEST BIG-D CONSTRUCTION KRIS LYNN, BUSINESS DEVELOPMENT DIRECTOR P: 612-469-5760 MIDWEST.BIG-D.COM
CONGRATULATIONS NOMINEES! SONDER POINT APARTMENTS
AFFORDABLE HOUSING - SUBURBAN INTERIOR DESIGN - 50+/SENIOR LIVING
ASTER HOUSE
AFFORDABLE HOUSING - SUBURBAN
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2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
People’s Choice Awards Scan the Code and Vote! Winner Announced at End of Show
PERSON ROSS HEDLUND, FRAUENSHUH MEGHAN ELLIOTT, NEW HISTORY SUSAN FARR, EBENEZER ANTHONY ADAMS, RYAN COMPANIES CHRISTINA RIECK LOUKAS, WINTHROP & WEINSTINE
PROJECT THE COLLECTION AT HIGHLAND BRIDGE RBC GATEWAY / FOUR SEASONS ELEVEN STEELMAN EXCHANGE MARA RESTAURANT
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SUBURBAN MULTIFAMILY - SW
PARKWAY PLACE
SHAKOPEE FLATS
Parkway Place is the second phase of the Parkway Residences development on the east side of St. Louis Park. The neighborhood development has created a key shift in updated housing for St. Louis Park which provides upscale and affordable housing in the area. Located one mile from Lake Bde Maka Ska, Cedar Lake, Uptown, and the future SWLRT.
Shakopee Flats project is located downtown Shakopee adjacent to the Minnesota River and Regional Park. A mixed-use redevelopment 1.86 acre site that now hosts 170 market rate apartment homes and townhome style walk up units. The project was designed to bring homes to the downtown core and establish the highest and best use for previously blighted site of commercial buildings, older homes and a heavily contaminated green space that was once a limestone quarry.
Developer: Sela Investments
Developer: Dan Hebert
Contractor: Doran Companies
Contractor: Greystone Construction
Lead Architect: Sheldon Berg
Lead Architect: Momentum Design Group
Unmatched Network. Operational Excellence. Incredible Investor Return. Accurate Tangible
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capitalpartnersmn.com 18
2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
SUBURBAN MULTIFAMILY - SW
THE BOWER
VILLAGES OF ISLAND PARK
The Bower is a luxury 18-story high-rise apartment building with 187 units in the heart of Edina, Minnesota. Building amenities include resident concierge services, private work-from-home suites, library with coffee lounge, a club room with demo kitchen, game lounge and fireplace, 5th-level pool and spa terrace, game lawn with grilling stations and fire pit, 18th-level sky deck with catering kitchen, private dining with fireplace.
The Villages of Island Park, delivered in December 2022, spans 1.26 acres including beautifully landscaped greenspace and 18 architecturally driven and spacious units. The site was historically known as Donny’s restaurant with a majority of the site being impervious surface (60%).
Developer: Greystar Contractor: Adolfson & Peterson Construction
Developer: Inland Development Company Contractor: Robert Thomas Homes Lead Architect: Whitten Associates, Inc.
Lead Architect: ESG
Congratulations to Joe Ryan
Colliers Mortgage congratulates Joe Ryan on his welldeserved Lifetime Achievement Award! We are honored to support Joe and Oppidan as a long-time finance partner! colliers.com
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AFFORDABLE HOUSING - URBAN
ENDEAVORS
BEAM
In the midst of a statewide housing and homelessness crisis, Endeavors offers a unique model, integrating housing and health care to provide homes for some of our community’s most vulnerable residents. This ambitious project, led by Catholic Charities Twin Cities, involved numerous sources of financing, including federal and state tax credits, in a complex public-private partnership.
Beam brings 72 income-restricted apartment homes (50% & 60% AMI) and 20 income-restricted townhomes (80% AMI) to the Jordan Neighborhood of North Minneapolis. This West Broadway Avenue site transformed a former brownfield site and was designed and constructed in compliance with multiple sustainable design programs which will reduce the development’s carbon footprint over its lifetime.
Developer: Dominium
Developer: Sherman Associates
Contractor: Weis Builders
Contractor: Weis Builders, Inc.
Lead Architect: Ebersoldt + Associates Architecture, Paul Hohmann and Alex Metzger
Lead Architect: Kaas Wilson Architects
DEVELOP
DESIGN
BUILD
dorancompanies.com
20 2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
MANAGE
AFFORDABLE HOUSING - URBAN
PARKWAY FLATS
THE HILLOCK
Parkway Flats is a six-unit affordable housing project that achieves near net zero energy performance using the Zero Energy Ready Home criteria developed by the Department of Energy. The project is part of neighborhood development and has created a key shift in updated housing for St. Louis Park that provides for mixed-income communities.
The Hillock is a new 100 unit affordable senior housing community in Minneapolis’ Longfellow neighborhood. It is the first phase in creating a 100% affordable, intergenerational campus called Snelling Yards, and redevelops a three acre parcel at Snelling and 45th Street that formerly housed City Public Works.
Developer: Sela Investments
Developer: Ecumen
Contractor: Doran Companies
Contractor: Frana
Lead Architect: Greta Norris
Lead Architect: Pope Design Group
Congratulations to Granite Works, Delano on their nominations!
GENERAL CONTRACTING & REAL ESTATE DEVELOPMENT www.ebertcompanies.com
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REDEVELOPMENT / REUSE / HISTORIC - SUBURBAN
ARCHITECT OF THE YEAR ANTHONY ADAMS RYAN
As lead civil engineer for the 122-acre Highland Bridge Redevelopment in Saint Paul, Anthony directed the complex city entitlements process and numerous engineering consultants. After contributing to the rigorous master planning and platting process, he led the mass grading and public/private utilities for the site as a whole and each block of development. The planning, design and construction of $74 million of infrastructure improvements were the backbone of transforming the former Ford Motor Company site into one of the largest mixed-use redevelopments in Minnesota. Anthony’s leadership and engineering expertise were critical to Highland Bridge opening to the public in 2022.
AMBER UNION APARTMENTS Amber Union Apartments is the repositioning of a historic, 75-year old office building to 125-units of affordable housing. Constructed in 1947 for the Farmers Union Grain Terminal Association, it most recently housed offices for TIES. In 2019, Buhl Investors purchased the building planning to deliver repositioned/updated office. Developer: Buhl Investors, Owner/Developer Contractor: Frana Construction Lead Architect: Mohagen Hansen Architecture | Interiors
Industry-leading products, services and commercial expertise you need to close your transactions efficiently – regardless of size, scope or complexity.
Marissa Ulstad Operations Director 612.305.2008 mulstad@firstam.com First American Title National Commercial Services 121 South 8th Street, Suite 1250 Minneapolis, MN 55402
First American Title Insurance Company, and the operating divisions thereof, make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. First American, the eagle logo, First American Title, and firstam.com are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates. ©2023 First American Financial Corporation and/or its affiliates. All rights reserved. NYSE: FAF
22 2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
REDEVELOPMENT / REUSE / HISTORIC - SUBURBAN
CREST RIDGE BUILDING REPOSITION
LOUISIANA CROSSING
Larson Capital purchased a single tenant office building on a gorgeous landscape located just outside the first ring suburb of Minneapolis in Minnetonka, MN. Formerly buildto-suit, the client was looking to redevelop the vacant building into an energized multi-tenant office space.
The vacant Sam’s Club site was purchased in 2021 to be redeveloped into Loffler Companies new corporate headquarters. After substantial research and employee surveys,Loffler and Gensler planned a new hybrid workplace centered around the wellness of employees.Amenities include a cafe,bar,fitness center,golf simulator, bike storage, and access to the Cedar Lake Bike Trail.
Developer: N/A Contractor: Gardner Builders Lead Architect: NELSON Worldwide, LLC
Developer: Loffler Companies Contractor: Crawford Merz Lead Architect: Bill Baxley, Gensler
Congratulations to Tony Carlson
Colliers Mortgage congratulates Tony Carlson as a 2023 Mortgage Broker/Banker of the Year finalist! We are thrilled to have you as part of our team! colliers.com
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INDUSTRIAL - NE
GATEWAY INTERSTATE - ARDEN HILLS, MN
NORDEAST BUSINESS CENTER
Gateway Interstate is a 28’ clear, 250,000SF office/warehouse facility on the Northeast corner of 35W and 694. Gateway represents an unparalleled development opportunity in the North Metro of St. Paul and Minneapolis. Due to its location along both highways, the property offers visibility to 195,000 vehicles per day.
Nordeast Business Center, on the corner of University Avenue and 37th Avenue NE, helps meet demand for modern and efficient industrial buildings in an area with extremely limited supply. The project is located on a rare infill site that offers proximity to downtown Minneapolis, I-694 and I-94. The 130,439-square-foot building and enjoyed 70% of the building being leased while under construction.
Developer: Scannell Properties Contractor: RJ Ryan Lead Architect: Pope Architects
Developer: Opus Development Company, L.L.C. Contractor: Opus Design Build, L.L.C. Lead Architect: Opus AE Group, L.L.C.
CONGRATULATIONS, JOE RYAN! Minnesota Real Estate Journal Lifetime Achievement Award Winner
Thank you, Joe and all the finalists for the experience and expertise you bring to the Minnesota real estate industry. We’re proud to help play a part in this thriving community and are with you in our commitment to its success. EDINA & ROSEVILLE
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| 800.843.1552 |
WWW.BANKEASY.COM
2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
INDUSTRIAL - NE
Looking for CE?
These and other upcoming events at rejournals.com MAY EVENTS
SANCTUARY BUSINESS CENTER The city of Blaine, located 15 miles north of Minneapolis, offers prime access to both Minneapolis and the north central submarket but has limited available land and functional Class A industrial space. Sanctuary Business Center offers easy-to-access space within a two-minute drive of the region’s busy I-35W corridor and brings new job opportunities to the City of Blaine and the surrounding suburbs. Developer: Opus Development Company, L.L.C. Contractor: Opus Design Build, L.L.C. Lead Architect: Opus AE Group, L.L.C.
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Medical Properties Summit May 5, 2023 Golden Valley Country Club
Southeast Development Summit May 24, 2023 Mendakota Country Club www.rejournals.com
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OWNER / LANDLORD
CAPITAL PARTNERS MANAGEMENT
HEMPEL REAL ESTATE
With over $1 billion in value of industrial real estate under ownership and management in the Twin Cities and Milwaukee, Capital Partners is built on the strength of our partnerships and unique position within the market. With our equity partners, local industry relationships and ability to attract and retain great tenants we are one of the most successful and fastest growing industrial real estate companies in Minnesota. We actively and aggressively seek out investments and development opportunities in the Twin Cities and Milwaukee with the best potential and use our integrated platform to operate at maximum efficiency.
Hempel acquires, develops, and redevelops commercial real estate throughout the Midwest. Since 2001, Hempel has acquired and developed more than $1 billion worth of office, retail, multi-family, residential, and parking assets, primarily focused in MinneapolisSt. Paul and Milwaukee markets. Hempel also offers a range of real estate services including tenant and landlord representation, acquisition/disposition advisory, and development services.
Congratulations JOE RYAN
Congratulations to all the FINALISTS and to JOE RYAN on the Lifetime Achievement Award!
26 2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
OWNER / LANDLORD
UNITED PROPERTIES
SODERBERG APARTMENT SPECIALIST
United Properties is a leading real estate investment and development firm headquartered in Minneapolis, with regional offices in Denver and Austin. Nationally recognized for innovation, building operations, sustainability and client advocacy since its inception, United Properties delivers specialized expertise in office, industrial, retail, mixed-use, multifamily and senior housing properties, including both speculative and build-to-suit projects. Privately held, United Properties is part of the Pohlad Companies, owners of the Minnesota Twins and other ventures.
Soderberg Apartment Specialists is a Development and Management firm investing on our own behalf and with investors into Multi-Family assets with a focus on value-add renovations. We pride ourselves on being the Industry Leader in Apartment Transformations providing our investors and owners with a spectacular Return on Investment. We take pride in our profession by expecting excellence from ourselves in all facets of our business including world class renovations, property management and maintenance and customer service. Our team is committed and passionate about exceeding resident expectations and providing a customized living experience at any of our properties located throughout Minnesota.
A H I S TO RY O F S U C C E S S:
O U R K E Y TO T H E F U T U R E .
For over 100 years, Ebenezer Senior Living
Willows Bend Senior Living | SENIOR HOUSING
has been Minnesota’s most trusted senior housing provider. We are driven to heal, discover and educate for longer, healthier, meaningful lives.
Ebenezer Management Services | PROPERTY MANAGEMENT COMPANY OF THE YEAR
,
Today we celebrate each person, community and partner who shares in fulfilling our mission, along with those who are finalists in REjournal’s 2023 Minnesota Commercial Real Estate Awards.
Jill Nokleby Kaiser | PROJECT MANAGER OF THE YEAR Susan Farr | WOMAN OF THE YEAR Congratulations to our development partner; Joe Ryan, Oppidan | 2023 LIFETIME ACHIEVEMENT AWARD
SENIOR LIVING & SERVICES | PROPERTY MANAGEMENT & CONSULTING | EbenezerCares.org ©2023 Fairview Health Services 10033
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URBAN MULTIFAMILY - ST. PAUL
MODA ON RAYMOND
THE MASON
MODA on Raymond is a 220-unit mixed-use, multifamily building located at the corner of University and Raymond Avenues - a prominent intersection in St. Paul’s St. Anthony Park neighborhood. This large, key parcel was one of the last in the immediate area to be developed in the historic University-Raymond Heritage District.
The Mason is more than just a new apartment development; it is a community within the increasingly popular St. Anthony Park neighborhood of Saint Paul. With 163 units, this market rate multifamily apartment building offers a range of amenities that are both upscale and accessible to its diverse group of residents. The Mason has something for everyone from post-grad single-dwellers to families.
Developer: Kraus-Anderson Development Company Contractor: Kraus-Anderson Construction Lead Architect: UrbanWorks Architecture
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Developer: Exeter Group Contractor: Frana Companies Lead Architect: David Miller
2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
URBAN MULTIFAMILY - ST. PAUL
THE SCENIC
WATERFORD BAY APARTMENTS
This project is situated in the flats of the West Side neighborhood in St. Paul. Sixty years ago many immigrant families lived on the flats and were displaced when that area was redeveloped more commercially. This project is one of the first to bring housing back to this area of the neighborhood and helps connect that neighborhood to the river and various walking and biking paths that run along it.
Waterford Bay, a four-story, 243-unit luxury multifamily development recently opened in St. Paul on the Mississippi River. It leverages the natural aesthetics of the Mississippi River Valley and nearby downtown Saint Paul into an attractive housing community through connectivity and integration of public/private spaces.
Developer: Sherman Associates
Contractor: Benson-Orth General Contractors
Contractor: Frana Companies Lead Architect: Kaas Wilson Architects
Developer: Stoneleigh Companies Lead Architect: BKV Group
University of Minnesota, Campbell Hall / Institute of Child Development (ICD); Minneapolis, MN
ON BEING NAMED FINALISTS FOR THE
2023 MREJ AWARDS UNIVERSITY OF MINNESOTA, CAMPBELL HALL / INSTITUTE OF CHILD DEVELOPMENT (ICD) Education + Daycare, Urban
ROCHESTER PUBLIC SCHOOLS Greater Minnesota
JOHN CURRY
Executive of the Year
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FLEX BUILDING PROJECT
LOUISIANA CROSSING
METRO SALES RELOCATION
The vacant Sam’s Club site was purchased in 2021 to be redeveloped into Loffler Companies new corporate headquarters.After substantial research and employee surveys,Loffler and Gensler planned a new hybrid workplace centered around the wellness of employees.
Metro Sales Inc. (MSI) hired Forte Real Estate Partners in 2021 to advise the digital and office products firm in its commercial real estate strategy following a change in ownership. The new executive team wanted to modernize their facilities for more efficient workflows, enabling them to add services and retain employees.
Developer: Loffler Companies Contractor: Crawford Merz Lead Architect: Bill Baxley, Gensler
Developer: Industrial Equities Contractor: Mission Construction Lead Architect: PlanForce Architects
Congratulations Joe 30
11 Twin Cities Locations • kowalskis.com
2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
WOMAN OF THE YEAR - SENIOR HOUSING SUSAN FARR
LISA ALBAIN
EBENEZER
For more than 30 years, Susan Farr has been a leader and innovator in senior housing development, operations, sales and marketing. As Vice President of New Development, Sales and Marketing , Susan wears many hats and has has been a major force in helping Ebenezer grow from 20 communities when she started in 2007 to 123 communities across five states today. She is a networker extraordinaire and has been a major influence in Ebenezer becoming the largest senior housing operator and third- party management company in Minnesota for the past several years. Susan has developed solid partnerships with large developers such as United Properties, Oppidan, Axial, Kraus Anderson, Frisbie Companies
MARVELLA
2022 was a year of significant accomplishment for Lisa, who is Senior Development Manager with Presbyterian Homes & Services and Senior Housing Partners, based in Roseville, MN. Lisa led multiple large projects with diverse teams and complicated objectives to highly successful completion. Lisa served as the project leader for Marvella, located in the Highland Bridge development of St. Paul. This multi-block mixed-use architecturally significant development (300 units, $142M) was completed on time and significantly under budget. In addition to achieving many successful development outcomes, Lisa shepherded the due diligence phase of financing that included 11 different banks, personally sourced and signed leases for 100% of the retail space, ensured successful compliance with sustainability objectives (including a rooftop solar installation), and completed many other important and unique project tasks.
PAM BELZ
SENIOR HOUSING PARTNERS Pam currently serves as a Senior Development Manager with Presbyterian Homes & Services and Senior Housing Partners. Pamela has over 35 years of experience in the senior living industry, but 2022 was a year of new and meaningful accomplishment for Pam. In addition to serving as a personal mentor and role model to new developers and real estate professionals in the industry, Pam has continued to find ways to leverage her vast knowledge and experience for the benefit of other people and organizations. In 2022, among other things, Pam led the successful completion of the housing expansion of Orchard Path in Apple Valley, MN. This important project has helped to secure the financial stability of a non-profit senior housing community that will be felt for many years to come. Upon construction opening nearly 90% of the building was already leased, a testament to the market knowledge and high-quality execution of work that Pam personally oversaw.
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EDUCATION & DAYCARE - SUBURBAN
CARVER ELEMENTARY SCHOOL
JOHN GLENN MIDDLE SCHOOL
The Carver Elementary School project began with a three-story, 105,00-SF classroom addition. The first floor of the addition houses the STEM classrooms which have a green vegetated roof. A temporary kitchen was built in the STEM classrooms to accommodate the school while the new cafeteria was being constructed.
The John Glenn Middle School project consisted of an addition as well as a remodel of the existing school. A two-story, 84,000SF classroom addition was created to house tech education, home economics, music rooms and a new pool. The remodel updated 146,500 square feet of the existing building into science classrooms, common areas and break-out spaces.
Developer: N/A Contractor: Adolfson & Peterson Construction Lead Architect: LHB
Developer: Adolfson & Peterson Construction Contractor: Adolfson & Peterson Construction Lead Architect: LHB
Congratulations to the 2023 Minnesota Real Estate Journal Award nominees, JLL is proud to be part of the vibrant Twin Cities market. Learn how JLL can help you achieve your real estate goals at jll.com
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2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
EDUCATION & DAYCARE - SUBURBAN
LAKEVILLE AREA SCHOOLS BLANCHARD AQUATIC CENTER
NEW CREATIONS VALLEY VIEW DAYCARE
A project nearly 20 years in the making, the Lakeville Area Schools - Blanchard Aquatic Center now provides the Lakeville community with a state-of-the-art aquatic facility, featuring a 25-yard competition pool, diving well, and three diving boards. The facility can seat up to 468 occupants and features a one-of-a-kind Mitsubishi video wall designed for swimming and diving competitions.
New Creations Valley View is a new, build-to-suit project for New Creations, a Blaine-based childcare operator, marking their 13th location in the metro area. The building consists of 2 infant rooms, 2 toddler rooms, 3 preschool rooms, and a large motor room. The site also includes 2 play areas, 26 parking stalls, and a pond for stormwater storage.
Developer: Lakeville Area Schools
Developer: NC Burnsville, LLC
Contractor: Loeffler Construction & Consulting
Contractor: Amcon Outland Inc.
Lead Architect: DLR Group
Lead Architect: Mark Pope, RLP Architects
GOVERNMENT / COMMUNITY FACILITY
PRAIRIE VIEW MIDDLE SCHOOL
PLYMOUTH COMMUNITY CENTER
-Prairie View Middle School, located in Otsego, MN is a new 169,000 SF middle school that serves 5th through 8th grade in ISD 728. Construction of Prairie View Middle school began in September 2020 and was completed in August of 2022 for the 2022/2023 school year. Contractor: Stahl Construction
With the growth of the City of Plymouth, they hired RJM Construction to build the newly renovated and expanded community center. The new facility includes an Event Wing, Education Wing, and an Active Wing. The facility includes two full-size gymnasiums, a K.U.B.E indoor playground, a new allseason indoor walking track, rooms for various educational and recreational activities, fitness studios, an art gallery, and more.
Lead Architect: Wold Architects & Engineers
Developer: City of Plymouth
Developer: ISD 728 School District
Contractor: RJM Construction Lead Architect: HGA
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EDUCATION & DAYCARE - URBAN
UNIVERSITY OF MINNESOTA CAMPBELL HALL / INSTITUTE OF CHILD DEVELOPMENT The Institute of Child Development at the University of Minnesota is one of the country’s top ranked psychology programs, but its dated homebase struggled to reflect this when the project began in June 2020. ICD was initially a 1913-built 27,200 SF building with a 1960s addition.
SAINT PAUL CITY SCHOOL Saint Paul City School is a Pre-K through 12th Grade public charter school. In 2019 Saint Paul City Primary and Middle schools combined with River’s Edge Academy to expand both school communities and serve students and families with a continued learning environment. Developer: TenSquare Group
Developer: University of Minnesota
Contractor: Rochon Corporation
Contractor: Knutson Construction
Lead Architect: Rivera Architects
Lead Architect: RSP Architects
Visit the 2023 Awards Company Profile Page MINNESOTA TRANSITIONAL CHARTER SCHOOL - K-12 MTCS is one of the largest charter schools in the sate of MN. Their high school and district offices were taken from them during the civil unrest following the incident between MPD and George Floyd. The 76,000 SF space was unsalvageable after fires, vandalism and the sprinkler system running for 4 days. Everything was destroyed. After months of design meetings with the DLR Group, Bainey Group, MCTS and Metro Equity Management, a new school buildout concept that was innovative, functional, safe, and brought hope to the School. Developer: Quenton Sherer - Metro Equity Contractor: Cletis Levisay - The Bainey Group Lead Architect: David Loehr - DLR Group
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2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
RETAIL / RESTAURANT
MSP AIRPORT - CONCOURSE G CONCESSIONS REDEVELOPMENT With more than 50,000 square feet of additional public space, the expansion of the G Concourse at MSP Airport includes modern design elements, updated gate areas, accessibility improvements, and five incredible new food offerings. This collection of restaurants represents the pinnacle of modern quality and that our concessions program is known for. Developer: Metropolitan Airports Commission Contractor: Morcon Construction Co.
KARL’S FISHING & OUTDOORS STORE Karl’s Fishing & Outdoors retail project was a tenant improvement of an existing space within the Mall of America. Karl’s is a sporting goods store specializing in fishing equipment for anglers of all ages and experience levels. This is Karl’s second flagship store after opening its first brick-and-mortar store earlier in 2022. Developer: Mystery Tackle Box Inc., dba Catch Co. Contractor: PCL Construction, Inc. Lead Architect: ChangeUp Inc.
Lead Architect: Alliiance
HAZELWOOD - WOODBURY, MN
MARA RESTAURANT
Hazelwood Woodbury was a full remodel of an existing restaurant. The Interior was completely gutted to achieve Hazelwood’s signature modern open concept. High-end finishes and fixtures with complimentary accents can be found throughout the restaurant.
Since opening June 2022, many people have tasted the thoughtful, innovative Mediterranean food prepared by Chef and Restaurateur Gavin Kaysen, You’ll notice what’s happening in the Mara space is as deliberate and artful as what’s happening on the plate.
Developer: Nova Restaurant Group
Developer: United Properties
Contractor: Bauer Design Build
Contractor: Zeman Construction Company
Lead Architect: Shea
Lead Architect: AvroKO Interior Design
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RETAIL / RESTAURANT
NORTH AMERICAN BANKING COMPANY
ORCHARD PLACE
Positioned walking distance from The Village at Arbor Lakes development in Maple Grove, North American Banking Company is a 4,512-square-foot bank built from the ground up by Doran Special Projects (DSP) and designed with Doran Architecture.
Orchard Place is a vibrant, mixed-use development planned at the 414-acre AVR Gravel Mine site in Apple Valley. This development is being constructed in multiple phases and will include restaurant, retail, housing, office, medical, and industrial property types. This first phase of development includes two multi-tenant, and one of four single tenant retail buildings designed by this team.
Developer: North American Banking Company Contractor: Doran Special Projects Lead Architect: Doran Architecture
Developer: HJ Development Contractor: Bauer Design Build Lead Architect: Mohagen Hansen Architecture | Interiors
Accelerate your future success by removing all obstacles. We manage your Risk Management Program. So you can focus on your business. Our offerings include Business Insurance, Employee Health & Benefits, Private Client Services & Retirement Services. Your future is limitless. Find out how we can take you there. MarshMMA.com | 763.203.2069
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2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
AFFORDABLE HOUSING - SUBURBAN
ASTER HOUSE
AXLE APARTMENTS
Aster House is a brand new, 204-unit, affordable apartment complex built in 2022. The property features numerous amenity spaces such as a fitness center, clubroom with kitchen, movie theatre, garage parking, and a spacious grilling area with sport courts. The interiors are complete with high-quality finishes such as granite countertops, stainless steel appliances, and in-unit washers and dryers.
This site is located in the heart of the City of Fridley, just south of their City Hall at the prominent intersection of University Avenue Northeast and Mississippi Street Northeast. This places the project close to nearby schools and retail nodes, perfect for families.
Developer: Real Estate Equities Contractor: Big-D Construction
Developer: Roers Companies Contractor: IronMark Lead Architect: Kaas Wilson Architects
Lead Architect: Kaas Wilson
Joe Ryan FOUNDER & CEO
LIFETIME ACHIEVEMENT AWARD
15 YEAR PARTNERSHIP
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AFFORDABLE HOUSING - SUBURBAN
MORROW
FRENCH LAKE INDUSTRIAL PARK BUILDING 1
Morrow includes two five-story buildings with one level of common underground parking located in Midway. The buildings are separated by a meandering pedestrian pathway from University Avenue through the site to the Goodwill entry plaza to the north. The residential component of the development is affordable housing with unit types ranging from studios to three-bedroom units.
The GRACO French Lake Building 1 is a new 538,000 SF facility built on a 21-acre greenfield site in Dayton, MN. It is a steel structure with architectural precast, curtainwall, storefront, and metal panel exterior. The facility includes a two-story office (88,000 SF), laboratory/R&D (70,000SF), and amenity spaces.
Developer: Reuter Walton
Contractor: McGough
Contractor: Frana Companies Lead Architect: John Nieuwenhuis
THE HOLLOWS Located just outside Downtown Saint Paul in the Swede Hollow neighborhood, The Hollows is an $18.4 million multifamily development bringing 62 homes to the Greater Eastside. The Hollows is one of the first new construction multi-family projects in Ward 7, developed by JO Companies in partnership with Doran Construction and Doran Architecture. Developer: JO Companies Contractor: Doran Construction Lead Architect: Doran Architecture
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Developer: Graco (Owner) Lead Architect: HGA
SONDER POINT APARTMENTS 50+ COMMUNITY Sonder Point is in the heart of Brooklyn Center. The building site is in a prime location in the community. It is located at the intersection of Bass Lake Road and N. Xerxes Avenue. To the north are single and multi-family residential housing types. Commercial/ retail developments are located to the south. A MTC bus transit hub is directly to the east of the site. Developer: Real Estate Equities Contractor: Big-D Construction Lead Architect: Kaas Wilson Architects
2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
INDUSTRIAL - NW
ARBOR LAKES BUILDING #3
DAKOTA COMMERCE CENTER 1 AND 2
Arbor Lakes Building #3 is a 221, 549 sq. ft. Class A, industrial building that completed in July 2022. The building is located within walking distance to one of the largest retail centers in the Minneapolis-St. Paul metro and within a 2-minute drive of I-494, I-694 and Highway 169. The project is currently home to two tenants (Excel Plastics and EJ Welch).
First of its kind Class A industrial park in Fargo ND. Sited next to the new Amazon DC, this 2 million sf park is off to a strong start leasing the first two spec industrial buildings to Marvin Windows.
Developer: Endeavor Development Contractor: RJ Ryan Construction Inc.
Developer: Hyde Development Contractor: Opus Lead Architect: Opus A & E
Lead Architect: Harris Architects
Proud to support growing communities since 1834. At Old National Bank, we know that your business goals are unique. That’s why our experts focus on working with you, one on one,to find the solutions you need to grow and succeed. Visit oldnational.com/business to learn more. Serving Minnesota with over 30 locations
Congratulations to all Minnesota Real Estate Award honorees! Serving Minnesota with over 30 locations
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INTERIOR DESIGN - HEALTHCARE
ASSOCIATED SKIN CARE SPECIALISTS
COMMUNITY DENTAL CARE
The Associated Skin Care Consultants Linden Hills Clinic is the first urban location for this specialty practice. The primary project goal was to reposition a recently vacated retail space into a boutique, general and aesthetic dermatology clinic, centered on providing a unique patient experience.
The community of Wright County, MN collectively strived towards getting better access to affordable dental care. The County has a high rate of uninsured or underinsured citizens in need of access to affordable dental care in closer proximity than the Twin Cities. This project created a 12 operatory dental clinic located in the Wright County Government Center in Buffalo, MN.
Developer: N/A Contractor: Greiner Construction Lead Architect: Mohagen Hansen Architecture | Interiors
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Developer: N/A Contractor: Greiner Construction Lead Architect: Auromira Architects
2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
INTERIOR DESIGN - HEALTHCARE
RETINA CONSULTANTS OF MINNESOTA
WAYZATA SPECIALTY CENTER
Working with a smaller footprint than past Retina Consultants of Minnesota projects, BDH collaborated with the client to right size exam rooms and design a clinic that accommodates two doctors, which yields a faster turnaround time with patients and generates a higher ROI. The design team was also purposeful with finish selection, wayfinding elements, and natural light.
Wayzata Specialty Center is an upscale 16,000 SF medical office building that was designed to align with the expectations of the Wayzata market. It was intentionally designed to elicit a sophisticated and welcoming experience for patients.
Developer: Davis Contractor: Greiner Construction
Developer: Mark Davis, Davis Contractor: Tim McKee, Timco Lead Architect: Pat Giordana, Synergy Architecture Studio
Lead Architect: BDH
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MIXED-USE PROPERTY - MINNEAPOLIS
RBC GATEWAY
THE SALVATION ARMY ADULT REHABILITATION CENTER
The 37-story RBC Gateway tower on Nicollet Mall is downtown Minneapolis’ newest building - the 1.2 million-square-foot mixed-use building is a first of its kind in the Minneapolis skyline. RBC Gateway houses the U.S. headquarters of RBC Wealth Management, the Pohlad Companies, and a Four Seasons Hotel - Minnesota’s only 5-star luxury hotel.
In 2010, Frauenshuh and The Salvation Army (TSA) teams began looking to relocate their Adult Rehabilitation Center and Thrift Store. Over the course of 10 years and repeatedly being turned away from communities around the Twin Cities, their existing location at 900 North 4th Street became The Salvation Army’s logical choice to invest in a fifty-year plan for the mix of uses required for this program.
Developer: United Properties
Developer: Frauenshuh, Inc.
Contractor: McGough
Contractor: Gardner Builders, US
Lead Architect: Smallwood Reynolds
Lead Architect: HGA
Visit the 2023 Awards Company Profile Page DOYLE APARTMENTS Doyle is a seven-story student housing building located in the heart of Dinkytown. The building has 81-units, ranging from onebedrooms to four-bedroom units. There are two levels of enclosed parking, as well as several amenity spaces designed for students. Developer: North Bay Companies Contractor: Frana Companies Lead Architect: Mick Stoddard
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2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
PROPERTY MANAGER OF THE YEAR - FEMALE KELLEE VINGE
MELISSA GOMES
CAPITAL PARTNERS Kellee has managed office and industrial buildings in Minneapolis for 15 years, the last 5 of which have been with Capital Partners Management, and seamlessly added 367,000 square feet of Industrial product in the Milwaukee market to her portfolio roster in 2022 with continued expansion projected in the coming years. Kellee maintains a great relationship with her tenants by addressing issues, concerns and projects quickly, with consistent communication and care. These skills have directly resulted in tenant retention at her properties and therefore keeping NOI at or above budget. In the past year Kellee has overseen over 25 tenant improvement projects, 1 million dollars in capital improvements, negotiated environmental access and remediation projects for two separate sites in the North Metro, while working on ESG initiatives and acquisitions of additional buildings.
DAVIS
Melissa Gomes joined Davis as a Property Manager in 2019, walking into a portfolio of 259,412 square feet of medical office space. Throughout the next few years, Gomes increasingly showcased her proficiencies in managing a variety of properties and tenant needs, steadily growing her management portfolio to 463,159 square feet by the end of 2022. The properties Gomes manages span the length of the metro, taking her from Hugo in the Northeast to Chanhassen in the Southwest and beyond. Gomes is excited to expand her management footprint into the Southeast and grow her portfolio by another 100,000 square feet when Lakeville Medical opens to the public fully leased in the fall of 2023.
STAHLCONSTRUCTION.COM 861 E. Hennepin Ave., Suite 200 Minneapolis, MN 55414
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PROPERTY MANAGER OF THE YEAR - FEMALE TAMI SHROYER, RPA
CRYSTAL PINGEL
FRAUENSHUH
Ms. Shroyer is a Senior Property Manager at Frauenshuh, Inc. and currently manages one client’s portfolio of seven medical office buildings totaling 550K SF plus another client’s nine medical office buildings totaling 385K SF. She skillfully navigated her seven medical office building portfolio through the past three years of the pandemic. Over the course of 2022, she led her six person team and a core team of strategic vendor partners through 15 building and tenant improvement projects including an unexpected $475K elevator modernization and a delayed $389K HVAC replacement project. These projects required extensive planning, vendor consultations, tenant communication, awareness management and high-level discussions with owners.
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FRAUENSHUH
Ms. Pingel is a Senior Property Manager with Frauenshuh Inc. and currently manages a portfolio of 8 buildings totaling 834K SF throughout the greater Twin Cities metro area. In the past year, Crystal has accepted and embraced greater responsibilities as her role has migrated from Property Manager to a Portfolio Manager. She has contributed to the construction of three new client medical office buildings, transitioning the properties into tenant occupancy and full management oversight including selection of preferred vendors and financial reporting start-up adding 200K SF to her responsibilities. In 2022, Crystal onboarded and trained several associate property managers and interns to accommodate company growth expanding her managerial oversight to a current team of seven property management, engineer and administrative staff plus a larger group of preferred vendor partners.
2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
MIXED-USE PROPERTY - ST. PAUL
INTERNATIONAL INSTITUTE OF MINNESOTA
MARVELLA
The International Institute of Minnesota (IIMN) delivers services and resources to assist New Americans in the transition to a new life leading to economic self-sufficiency. The building addition creates ten new classrooms and labs as well as six new conference and meeting spaces to enhance the quality of programming the Institute provides.
Presbyterian Homes and Services (PHS) Marvella, a two-building senior living campus, seamlessly connects to a myriad of parks, while also fostering community within its own walls. Features include: 4,000 square feet of retail space, offering residents convenient access to shopping and other amenities. Secured parking provides safety and security of residents and their vehicles.
Developer: International Institute of Minnesota Contractor: Stahl Construction Lead Architect: James Dayton Design
Developer: Lisa Albain - Presbyterian Homes & Services, Senior Housing Partners Contractor: Matt Sayer - Ryan Construction Lead Architect: Chris Teigen - Ryan A&E
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MIXED-USE PROPERTY - ST. PAUL
MORROW
THE COLLECTION AT HIGHLAND BRIDGE
Morrow includes two five-story buildings with one level of common underground parking located in Midway. The buildings are separated by a meandering pedestrian pathway from University Avenue through the site to the Goodwill entry plaza to the north. The residential component of the development is affordable housing with unit types ranging from studios to three-bedroom units.
The Collection at Highland Bridge is a six-story, 485,072SF mixed-use project and is the first vertical building in the Highland Bridge master development in Saint Paul, MN. Set at the intersection of Ford Parkway and Cretin Avenue, this project frames the gateway into the emerging community and establishes a high-quality and place-sensitive tone for future developments.
Developer: Reuter Walton
Developer: Ryan Companies US, Inc.
Contractor: Frana Companies
Contractor: Ryan Companies US, Inc.
Lead Architect: John Nieuwenhuis
Lead Architect: Ryan A+E, Inc.
UNITED PROPERTIES
Creating Deep Roots for Over 100 Years
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2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
INTERIOR DESIGN - URBAN OFFICE
COURT INTERNATIONAL ATRIUM REMODEL
HYDE DEVELOPMENT OFFICE
The 4-story inner atrium of Court International in Saint Paul was remodeled in 2022. The project was orchestrated by Archimea Interior Design Services, the interior design branch of Suntide Commercial Realty, who handled the construction. The atrium was last remodeled in 1980s when the historic building was first redeveloped from an industrial building into an office property.
This project responds to a need for increased flexibility and functionality in the post-pandemic return to the office. The Hyde Development team has a variety of needs. The design of the Hyde office as a “daily workspace” required areas for a variety of work from quiet to collaborative, including private rooms for virtual calls, an open office space, a large meeting space.
Developer: Suntide Commercial Realty
Developer: Hyde Development
Contractor: Suntide Commercial Realty
Contractor: Greiner
Lead Architect: Vicki Kotsonas
Lead Architect: JDD Studio
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INTERIOR DESIGN - URBAN OFFICE
JLL
610 MEDICAL
When JLL was looking for a new, transformational office for its growing team, it enlisted NELSON Worldwide with full architectural design services for its workspace in Minneapolis, Minnesota. JLL is a leading professional services firm specializing in real estate and investment management.
Davis identified and secured a site in Brooklyn Park anticipating a northwest market need of an Allina Health/ SCA joint venture. When the joint venture issues a request to a select group of developers, Davis proposed the site it had secured at the intersection of Highway 610 and Zane Avenue.
Developer: United Properties
Developer: Mark Davis, Davis
Contractor: Gardner Builders
Contractor: Tim McKee, Timco
Lead Architect: NELSON Worldwide
Lead Architect: Pat Giordana, Synergy Architecture Studio
RBC WEALTH MANAGEMENT - U.S. HEADQUARTERS
RIVERPLACE OFFICE COMPLEX RENOVATION
RBC Wealth Management’s U.S. Headquarters occupies 10 floors of the RBC Gateway tower in the heart of Minneapolis’ historic Gateway district. Focused on enhancing employee experience, encouraging personal interaction, and amplifying RBC’s culture, this workplace is flexible with diverse space types that foster collaboration and empower employees by providing them with tools to be effective and productive.
With a landmark location and roots in Minneapolis’ history, Riverplace is a four-building office campus at the confluence of downtown Minneapolis, the scenic Mississippi River and the vibrant Northeast community. The campus-comprising 250,000 square feet of new and historic buildings-underwent a conversion in the 1980s.
Developer: United Properties Contractor: McGough Construction
Developer: Crestlight Capital Contractor: Gardner Builders Lead Architect: Perkins and Will
Lead Architect: Perkins&Will
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2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
MEDICAL PROPERTY
HUDSON MEDICAL CENTER
MNGI DIGESTIVE HEALTH
The Hudson Medical Center is a four story 170,000sf class äóìAäóù multi-tenant medical office facility situated on 11 acres in Hudson WI. Contractor: Amcon Construction Company
The single-story MNGI Digestive Health Ambulatory Surgery Center & Clinic offers a wide range of high-quality digestive health services including outpatient procedures, infusion therapy, gastroenterology, and behavioral and dietary health support. Building upon a micro-market of healthcare providers in the vicinity.
Lead Architect: Amcon Construction Company
Developer: MSP Commercial
Developer: Hudson Medical Center LLC.
Contractor: Gardner Builders Lead Architect: Mohagen Hansen Architecture | Interiors
Joe, Our heartfelt congratulations go out to you on receiving the Minnesota Real Estate Journal Lifetime Achievement Award! It is such a prestigious and very welldeserved honor. We are proud to be included as one of your partners! Best wishes, The Watermark Team
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MEDICAL PROPERTY
WAYZATA SPECIALTY CENTER
Developed to relocate and expand North Memorial Health’s services in Blaine and the surrounding communities, the 50,000 sf building was intentionally designed to serve the growing population, with the option for future clinic expansion on the second floor. The clinic provides a variety of services including advanced imaging, expanded specialty services, and a first-of-its-kind senior care clinic.
The Wayzata market is unique with heavy density and limited available lots. Davis aspired to develop a Class A MOB in this niche market and spent the better part of the last decade trying to acquire a site. Through the deployment of numerous thoughtful strategies, a premier lot was acquired, environmentally overhauled and heavily marketed, and Wayzata Specialty Center’s construction kicked off 50% pre-leased. .
Developer: MSP Commercial
Developer: Mark Davis, Davis
Contractor: Gardner Builders
Contractor: Tim McKee, Timco Construction
Lead Architect: HGA
Lead Architect: Pat Giordana, Synergy Architecture Studio
CHRISTINA RIECK LOUK AS
NORTH MEMORIAL HEALTH CLINIC
Congratulations to Christina Rieck Loukas on your recognition and achievements. We applaud your dedication, and thank you for your leadership in the profession and in the community.
F I N A L I S T, R E A L E S T A T E L A W Y E R O F T H E Y E A R
50 2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
INTERIOR DESIGN - URBAN MULTIFAMILY
BEAM
ELEVEN
Beam brings 72 income-restricted apartment homes (50% & 60% AMI) and 20 income-restricted townhomes (80% AMI) to the Jordan Neighborhood of North Minneapolis. This West Broadway Avenue site transformed a former brownfield site and was designed and constructed in compliance with multiple sustainable design programs which will reduce the development’s carbon footprint over its lifetime.
Eleven is an iconic addition to the Minneapolis skyline and the tallest residential tower in the Upper Midwest. This luxury condo tower has established a new standard for this market. Ryan partnered with renowned design firm RAMSA to create a sense of grandeur and elegance.
Developer: Sherman Associates Contractor: Weis Builders, Inc. Lead Architect: Kaas Wilson Architects
Developer: Ryan Companies US, Inc. and Arcadia, LLC Contractor: Ryan Companies US, Inc. Lead Architect: Robert A.M. Stern Architects (RAMSA) and Ryan A+E, Inc.
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INTERIOR DESIGN - URBAN MULTIFAMILY
THE MASON
THE SCENIC
The Mason is more than just a new apartment development; it is a community within the increasingly popular St. Anthony Park neighborhood of Saint Paul. With 163 units, this market rate multifamily apartment building offers a range of amenities that are both upscale and accessible to its diverse group of residents. The Mason has something for everyone from post-grad single-dwellers to families.
This project is situated in the flats of the West Side neighborhood in St. Paul. Sixty years ago many immigrant families lived on the flats and were displaced when that area was redeveloped more commercially. This project is one of the first to bring housing back to this area of the neighborhood and helps connect that neighborhood to the river and various walking and biking paths that run along it.
Developer: Exeter Group
Developer: Sherman Associates
Contractor: Frana Companies
Contractor: Frana Companies
Lead Architect: David Miller
Lead Architect: Kaas Wilson Architects
BROKER OF THE YEAR ROSS HEDLUND, CCIM, RPA FRAUENSHUH
Ross had a banner year in 2022 leading Frauenshuh’s Corporate Services team to new heights, including personally bringing in roughly $150M in value of deals by completing a number of significant projects including. Leasing of 82,335sf Soccer Blast facility in Savage, MN. 100% lease-up and purchase of 2.00 acres of land for build-to-suit 12,611sf Associated Eyecare in Lino Lakes, MN. 100% leaseup and purchase of 2.29 acres of land for of new ground-up construction 19,537sf New Richmond Medical Center I New Richmond. Purchase of 1 acre of land for future medical office building in Waconia, MN. Purchase of 5 acres of land for Twin Cities Orthopedics in Lakeville, MN
JACLYN MAY
CUSHMAN & WAKEFIELD Jaclyn May is a leader in Cushman & Wakefield’s Twin Cities office and an authority on providing local and global real estate advisory services for businesses and law firms, nonprofits and educational organizations. In her 15 years at Cushman & Wakefield, she has become a trailblazing business development expert while helping develop young leaders in the company, all the while quickly rising through the ranks to attain brokerage success and a position as Executive Director. In 2022 Jaclyn made the list as a top producer for Cushman & Wakefield and she was one of two women in the top ten producers for the Minneapolis-St. Paul office. As a tenant representation broker, her client focus and drive to understand needs beyond commercial real estate inspires everyone she works with.
52 2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
BROKER OF THE YEAR COLIN RYAN
DAVE BERGLUND
JLL
JLL
David is senior managing director and co-head of the Minneapolis office of JLL Capital Markets, Americas. He joined JLL in 2020 to develop the capital markets investment advisory practice and has more than 15 years of experience in commercial real estate. David specializes in single-tenant and multi-tenant office, industrial and medical investments. During the course of David’s career, he has successfully represented and closed a broad range of property types in excess of $4 billion of real estate transactions.
Colin is senior managing director and co-head of the Minneapolis office of JLL Capital Markets, Americas. With over 15 years of commercial real estate experience, Colin specializes in major investment transactions for single-tenant and multi-tenant office and industrial properties while focusing on the sale of single-tenant properties, sale/leasebacks and major commercial equities. During the course of his career, Colin has successfully represented and closed more than $4 billion in real estate transactions.
MARC NANNE
JUDD WELLIVER
JLL
Successfully brought in and oversee as account lead for a new national client for industrial space in over 100 locations in the US and closed nearly 20 transactions in excess of 200,000 sf with them in roughly 6 months, while completing over 40 total transactions disposing of a nonperforming 100,000 sf office asset for an investment client in Columbus OH to become a state of the art new City Hall and Police Department for that suburb. I meanwhile continued to cross sell and engage in other valuable services offered by JLL, such as project management, tax incentives, capital markets, lease administration, sustainability consulting. Was able to retain the exclusive representation of one of the largest national banks in the country for their new locations in MN.
CBRE
Judd Welliver, an Executive Vice President at CBRE, is the foremost expert on the whitehot industrial market in the Twin Cities and an advocate for our region. In the fall of 2022, Judd was recruited to join CBRE National Partners - the leading industrial and logistics investment sales and finance platform with 98 team members located in the most strategic markets across the U.S., with access to investors across the globe. Judd and the National Partners team has completed over $230 Billion in total sale volume since the partnership was formed. In 2022, Judd completed 39 assignments totaling 81 properties, 12,041,129square feet and $ 1,514,605,134 in considerations. Judd’s clients represent some of the biggest property investors and developers operating in the Twin Cities.
RA’EESA MOTALA
JIM ROCK
ROKO ADVISORS
A brief overview of highlights. Completed real estate transactions in 14 markets in the country. Worked on over $30 M in transaction volume. Working to create a playbook for clients that would like to implement ESG strategies in their organizations and understand how prop tech and automation are key to future development . Recipient (out of 500 nominees) of the ULI/Prologis Achievement Award. Recipient of Women of the Year. Influential Women in CREi by Forbes Business Council, Delivered the keynote for the GlobeSt. National Industrial Summit in Phoenix. Presented or spoke at 7 successful events around the country. As one of very few women in industrial real estate, it is more than evident we need to create opportunities to attract a younger generation of women into the industry.
AVISON YOUNG My brokerage practice consists of Retail Agency Leasing, Investment Sales and Automotive property Sales and site searches. Agency Leasing is primarily in Minnesota and Wisconsin, my Investment Sale and Automotive property practice is nationwide. My team completed transactions in all Three parts of my business practice in 2022. Additionally, I am a member of the Avison Young Retail Executive Committee, which reports to Senior Management on Retail brokerage initiatives. I was name by CoStar as Retail Power Broker in 2022. I brought a new teammate onto my team in 2022--Suzanne Schefcik. She was named a Rising Star in 2022 by Avison Young. It is very satisfying to mentor and collaborate with such a high-quality individual as Suzanne.
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LIFETIME ACHIEVEMENT JOE RYAN Joe Ryan’s personal philosophy of always “delivering value” was instrumental in the creation of Oppidan Investment Company in 1991. Oppidan is the Latin word for investing in your city, and that’s exactly what Joe strives to achieve each and every day. Oppidan is the result of years of hard work, recalibration and creativity, all of which makes it unique and dynamic. There is no other company quite like Oppidan and for the past 32 years, “delivering value” has been the key to transforming Oppidan into a national real estate development leader. Joe built a team steeped with experience in development, capital markets, project management, construction management and senior housing operations. Oppidan quickly became the leader you can trust, with the reputation to prove it. Relationships matter to Joe, which is why every Oppidan client has become a repeat client. Oppidan has made its mark in all facets of the commercial development industry, from development to project management. Joe has kept the company laser-focused on key developments, such as Senior Housing, Industrial, Data Centers, Market Rate Apartments, Mixed Use, Affordable Housing and Retail. Its national presence continues to grow with offices in San Jose, CA, and Raleigh, NC. Joe’s leadership is apparent through Oppidan’s success. Joe has led his team in the development of more than 580 projects valued at over $4 billion and spanning 25 millionsquare feet throughout 41 states and parts of Canada. Oppidan’s impressive client list includes, US Franciscans, Christian Brothers, Oblates Priests and Brothers, Ebenezer, Watermark Retirement Communities, Duluth Trading Company, Northern Tool, Cub Foods, Hornbachers, Coborns, Camping World, Target, Sprouts, GE Oil & Gas, Goodwill, Caliber Collision and multiple global industrial and mission critical clients. Oppidan has evolved and created many institutional and private joint venture partnerships with the nation’s top financial institutions, including Harrison Street and Kayne Anderson, as well as asset managers like Bailard and Goldman Sachs Asset Management. Joe
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also co-founded Oppidan’s sister company, Water Street Partners, in 2017 which invests in real estate opportunities on behalf of its private real estate funds. Joe has been recognized by his peers with an impressive list of awards including GlobeSt. Best Boss, Minneapolis/St. Paul Magazine Most Admired CEO, Finance & Commerce Power 30, Twin Cities Business Family Business Award and Twin Cities Business 100 People to Watch.
2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
PREVIOUS LIFETIME ACHIEVEMENT AWARDS 2022 KELLY DORAN Kelly Doran is widely regarded as one of the leading developers of high-end residential and retail communities in the Twin Cities. With nearly 40 years of experience, his nuanced understanding of the market combined with his relationships and tenacity ensure his projects not only succeed, but that they are recognized for their superior level of quality, design, popularity and lasting value. Throughout his career, Kelly has developed dozens of major retail and multi-family projects with an aggregate value into the billions. With a currently owned real estate portfolio valued at over $1 billion, Kelly has received widespread recognition as both a leader and a developer. Kelly is the recipient of numerous awards, including being named “The Most Admired CEO” by the MinneapolisSt. Paul Business Journal, “Executive of the Year” by the Minnesota Real Estate Journal.
2021 SID BADER From humble beginnings, Sid Bader grew up on the North side of Minneapolis as the son of tailor. He married his high school sweetheart at 19-years-old, and 70 years later, she is still the love of his life. Determined to provide for his family, Sid went on to obtain both his real estate license and an accounting degree—all while raising his three young children. He worked three jobs to make ends meet until 1963 when he and his brother-in-law founded Z&S, now known as Steven-Scott Management. Today, their small real estate company has grown from 3 to over 500 employees. Through Sid’s leadership, two additional companies were born: Bader Development and Bader Diamond Fund. Collectively, they currently manage, own and operate over 11,500 units in the Twin Cities and Dallas areas.
2020 JOHN ALLEN In an industry dominated by national REITs and large institutions, John Allen leveraged his entrepreneurial talent and commitment to quality into five million square feet of market-leading industrial properties. Throughout Allen’s storied 39-year career, he has been admired for his unique commitment to contrarian investment timing, thriving through multiple economic downturns, often making strategic acquisitions while large competitors sat on the sidelines. Allen is not only known for his legendary work ethic; he is an active leader and philanthropic contributor to multiple nonprofit educational and community organizations; a true Minnesota industrial icon.
2019 GARY HOLMES Gary is the founding president and chief executive officer of CSM. After honing his skills acquiring properties in his teens and early adulthood, Gary started CSM in 1976. Gary develops, renovates and restores commercial, industrial, hotel and residential properties nationwide. His attitude, ethics, focus and keen business sense have helped CSM become recognized throughout the U.S. for unique approaches to design and development, quality management and superb customer service. CSM’s dozens of industry awards and four decades of success are a testament to Gary instilling a commitment to the core values of integrity, respect, quality, community and continuous improvement throughout the company.
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HOTEL / HOSPITALITY
COURTYARD BY MARRIOTT OWATONNA DOWNTOWN
THE ABBEY
The Owatonna Courtyard by Marriot. Hamilton Real Estate led the redevelopment of Downtown Owatonna. 11 separate parcels were acquired-upon which a new 106 room Courtyard by Marriot and 43 unit multifamily project were finished. Over 10,000 sq ft of historic buildings were repurposed for a new upscale restaurant, a new Bagel/ice cream shop and a ladies clothing boutique.
The historic H. Alden Smith House is the only remaining mansion from one of Minneapolis’ most fashionable turn-ofthe-century neighborhoods, Harmon Place. After many years of non-historic additions and neglect, the house became the centerpiece of a new vision for the neighborhood.
Developer: Hamilton Real Estate Group
Developer: Sentinel Management Company, W+Noordijk, Inc., Yellow Tree Development
Contractor: Mohs Contracting
Contractor: Yellow Tree Construction Services
Lead Architect: Ramaker Architecture + Engineering and CRW Architecture
Lead Architect: Ben Ptacek
TRU & HOME2 SUITES BY HILTON MINNEAPOLIS DOWNTOWN
FOUR SEASONS - MINNEAPOLIS
Developer: Hawkeye Hotels & JR Hospitality
Four Seasons Minneapolis establishes an elevated new high in luxury hospitality perched on floors 23-30 and representing the only five (5) star hotel in the state. A room mix of primary executive kings and suites accommodates both the corporate traveler and leisure guest while offering unmatched interior and exterior amenities.
Contractor: Stahl Construction
Developer: United Properties
Lead Architect: Ramaker
Contractor: McGough
This premier dual branded by Hilton hotel includes a
Home2 Suites total of 203
/ Tru rooms.
Lead Architect: Smallwood Reynolds
56 2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
REDEVELOPMENT / REUSE / HISTORIC - URBAN
724 LOFTS
DUFFEY LOFTS
Built in 1886, 724 Lofts is the loveliest and most recent rehab of the five iconic National Historic Register Itascabuildings in the North Loop. The shallow floor plates are perfect for apartments, with beautiful natural lighting, 12’ ceilings, and views of the Mississippi or downtown Minneapolis from every apartment.
Located in the thriving North Loop neighborhood, in the heart of Minneapolis’ Historic Warehouse District, Duffey Lofts has arrived as a fresh, transformative, contemporary, mixed-use development. Constructed in 1916, the 6-story Iron Store and 3-story Steel Warehouse served as the headquarters for Minneapolis Iron Store.
Developer: Solhem Companies, Lumen Design & Development
Developer: Cedar Street Companies
Contractor: RJM Construction
Contractor: RJM Construction
Lead Architect: BKV Group
Lead Architect: BKV Group
LEIJONA
STEELMAN EXCHANGE
The long-vacant historic St. Louis County Jail was transformed into 33 units of mixed-income housing. The building was renamed and transformed into Leijona, bringing new life to a blighted parcel in the historic Civic Center District in Downtown Duluth. The original building, completed in 1924 and abandoned in 2008, contained 99 steel jail cells that acted as the interior structure.
The Steelman Exchange is a modern multi-tenant office building nestled into Minneapolis’ historic North Loop neighborhood. The design team worked with the property owners to increase tenant amenities and enhance street presence to provide a sense of community for tenants, create a connection to the neighborhood, and increase occupancy.
Developer: Meghan Elliott (Jillpine), Jon Commers (Donjek), and Grant Carlson (Blue Limit) as New Burnham LLC
Developer: Crestlight Capital
Contractor: Gardner Builders Lead Architect: LHB, Inc.
Contractor: Gardner Builders Lead Architect: Perkins&Will
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PROJECT MANAGER OF THE YEAR BROCK NORMAN
JILL NOKLEBY KAISER
RYAN COMPANIES
EBENEZER
Brock Norman specializes in managing complex construction projects: his most recent challenge was the 500,000+-SF Amazon Robotic Sortation Center in Woodbury, which includes a 180,000SF robotic mezzanine. Located in a new business park, significant infrastructure improvements
Throughout Jill’s 20+ year tenure in the senior housing industry, she has worn many hats. The industry has seen much growth and many changes throughout this time, and Jill has been instrumental in developing many processes and systems to meet the changing needs of our growing (and more demanding) senior population. 2022 was another year of significant challenges and accomplishments at Ebenezer. Jill was instrumental in contributing to many of the following accomplishments.
required extensive coordination with the City and included over a mile of new deep sanitary sewer and water main, one mile of two-to-four lane roadway reconstruction and the complicated relocation of private utilities.
STEVE NORNES
CAMERON DAHLIN
SENIOR HOUSING PARTNERS
LOEFFLER CONSTRUCTION Last year’s highlights include bringing a state of the art swimming and diving facility to Lakeville Area Schools and the Lakeville Community to use for years to come. Having never built a pool, I knew there would be challenges which gave me the opportunity to learn and grow my construction knowledge, which is one of my favorite aspects about this industry. No two projects are ever the same, so learning and pushing myself to expand my knowledge is always a highlight.
In 2022, Steve’s latest project, Flagstone, was awarded as a Top Project by Finance & Commerce. This 272-unit community is a complex mix of independent living, assisted living, memory care, and skilled nursing. As a part of this project, Steve was also tasked with leading the successful completion of the master development project planning, which included significant infrastructure and coordination work leading to the completion of a luxury apartment building and mixed-use retail center.
Custom designed innovative technology solutions for commercial and industrial properties.
AUDIO/VISUAL
ACCESS CONTROL
InFocusSystems.com 9 52 . 92 9.0 0 0 0 Two locations: St. Louis Park & St. Paul
DATA
CAMERAS
SECURITY
VOICE
WI-FI
PROJECT MANAGER OF THE YEAR LUKE CAPISTRANT
KEN KRAFT, AIA, CHC, LEED AP
LOEFFLER CONSTRUCTION I have been incredibly fortunate to have served a wide variety of clients providing either preconstruction and/or construction services on 13 different projects this year. Below are those that have offered the most fun and excitement. Building Envelope and Reroof. Over the past several months I have been supporting preconstruction efforts on what will be one of the largest reroof projects, for one of the largest employers in downtown Minneapolis. This project will require multiple standing cranes, including a tower crane to support a 180,000 SF reroof, curtain wall, and other building envelope repairs across 37 roof areas.
FRAUENSHUH
Ken Kraft has demonstrated leadership and project management acumen throughout the duration of a major renovation of The Salvation Army’s $37M Adult Rehabilitation Center in Minneapolis, MN. Under his leadership, all milestones and deliverables were accomplished on schedule and within budget despite the challenge of the facility being fully occupied 24/7/365 by beneficiaries during a time of unprecedented circumstances. These successes were primarily achieved through clear and constructive guidance of the project team.
BUILDING SOLUTIONS THAT MATTER For solutions that meet your needs, contact us at scannellproperties.com
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PROPERTY MANAGEMENT COMPANY OF THE YEAR HOUSING
VIEW 44
EBENEZER MANAGEMENT SERVICES Ebenezer Management Services is Minnesota’s largest senior housing operator and third party management company- managing a business portfolio with revenues of more than $325 million. Ebenezer manage such diverse offerings as. Senior Cooperatives. Senior Housing with Services. Independent Living. Assisted Living. Memory Care. Skilled Nursing. Transitional Care. Adult Day Programs. Intergenerational Programs. Affordable Housing. Ebenezer has been a trusted senior housing provider for more than 100 years and is proud to be part of Fairview Health Services. With more than 100 senior communities in Minnesota, Wisconsin, Iowa, Nebraska and Florida, they serve more than 10,000 seniors every day and growing!
View 44 is an elegant 55+ luxury apartment development in Edina, MN. The design concept is based on luxurious comfort, with well-appointed spaces that invite gatherings with friends and family. The elevated design includes a mix of white and natural wood tones, antiqued mirror, and neutral, sophisticated detailing. Developer: Abdo Markethouse Contractor: BJ Baas Lead Architect: Madi Goodrich - Interior Design
SOLHEM
RENTERS WAREHOUSE
In 2008, Solhem developed its first building, Solhem (“sun home” in Swedish), on a busy block in the Uptown neighborhood. Over the last 13 years, Solhem has developed and managed 20+ multifamily properties in some of the Twin Cities- hottest neighborhoods. From the outset, Solhem has harnessed the power of good design to improve the quality of life for our residents and our surrounding communities. Today, we are recognized as innovators in sustainable design and construction and as a leader in environmental remediation.
Renters Warehouse is a national provider of full end-to-end single-family rental (SFR) investment services to a wide range of diverse investors. Through its online investor marketplace and national brokerage presence, Renters Warehouse assists investors, from individuals who are buying their first investment property, to large institutional SFR funds, helping them to source and acquire properties that fit their specific needs.
60 2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
INTERIOR DESIGN - 50 PLUS/SENIOR LIVING
ROUND LAKE SENIOR LIVING
SONDER POINT APARTMENTS 50+ COMMUNITY
Located on land with an equestrian history in Arden Hills, Round Lake Senior Living is nestled into an existing neighborhood. Conveniently located a short 5-minute walk to Round Lake and a 15-minute walk to Valentine Lake, residents and family members can enjoy the walking paths surrounding the lakes. The site boasts beautiful mature trees and natural habitat for wildlife in the surrounding open green space.
Sonder Point is in the heart of Brooklyn Center. The building site is in a prime location in the community. It is located at the intersection of Bass Lake Road and N. Xerxes Avenue. To the north are single and multi-family residential housing types. Commercial/ retail developments are located to the south. A MTC bus transit hub is directly to the east of the site.
Developer: Trident Development
Developer: Real Estate Equities
Contractor: Lyon Contracting
Contractor: Big-D Construction
Lead Architect: Kaas Wilson Architects
Lead Architect: Kaas Wilson Architects
driven by your
vision
RJMConstruction.com
Congratulations to the RJM team, our outstanding project partners, and fellow finalists!
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GREATER MINNESOTA
KSMQ PUBLIC TELEVISION STATION
RALCO AGRICULTURE HEADQUARTERS
KSMQ had spent 30+ years renting space at the local community college with shared access points, limited employee amenities, no windows or natural light, minimal storage space, and noise transference issues. So, KSMQ embarked on an acquisition of an underutilized City owned parcel to develop a new facility that allows them to provide high-quality, in-person programming.
Spectrum Interiors supported the expansion and relocation of Ralco Agriculture’s corporate headquarters in Marshall, Minnesota. Ralco is a third-generation, family-owned company that assists agricultural producers by naturally converting nutrients to growth since 1971. Ralco outgrew its existing office space and needed additional space for collaboration.
Developer: KSMQ Public Television
Developer: NA
Contractor: McGough
Contractor: Spectrum Interiors
Lead Architect: MSR Design
Lead Architect: Bruce Tunell with Spectrum Interiors
ROCHESTER PUBLIC SCHOOLS
UPONOR HIGH BAY (PHASE 2)
Rochester Public Schools retained Knutson Construction and architecture firms CRW and LHB for new construction associated with a $138MM referendum passed November 2019. Scope of work involved the design and construction of three new elementary schools and one new middle school within 32 months from the start of design through occupancy of all four facilities.
Uponor Hutch High Bay Phase 2 project is the second phase of expansion in Uponor’s Western facility in Hutchinson, Minnesota. Phase 2 included the demolition of 30,000 SF on the second floor and the exterior walls to expand the manufacturing floor space by 30,000 SF. New precast panels replaced the existing exterior walls in preparation for another expansion in the future.
Developer: N/A
Developer: Uponor Corporation
Contractor: Knutson Construction
Contractor: PCL Construction, Inc.
Lead Architect: LHB, CRW Architecture + Design Group
Lead Architect: Tekton Engineers LLC
62 2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
GREATER MINNESOTA
Looking for CE?
These and other upcoming events at rejournals.com JUNE EVENTS ROK LOFTS
Property Management Summit June 1, 2023 Golden Valley Country Club
RoK Lofts is located in St. Peter, MN with US Highway 169 frontage in the downtown core. This 2022 development is comprised of two buildings totaling just under 30,000 square feet of leasable space. The total project cost of the two buildings was just over $6 Million.
Mid-Year Commercial RE Forecast June 8, 2023 Golden Valley Country Club
Developer: STP Group, LLC: Matt Borowy, Oliver Schugel, David Schooff, Josh Williams
Mid-Year Apartment Summit
Contractor: WEB Construction, Josh Williams
June 15, 2023 Golden Valley Country Club
Lead Architect: Bright Pixel Design, Matt Borowy
REAL ESTATE LAWYER OF THE YEAR DAVID KRCO
ALAN VAN DELLEN
BEST & FLANAGAN I have a broad practice assisting a diverse range of clients in complex litigation matters and in finding solutions to avoid litigation. My practice focuses on real estate, real estate development, construction, finance, land use, leasing, insurance, and title matters. Clients include real estate developers, builders, lenders, investors, owners and managers, insurers, title companies, and individuals. I help clients navigate and resolve complex, novel, high stakes, and what are often contentious issues and situations. I am a trusted confidant who they rely on to effectively and efficiently solve problems and provide practical and wise counsel to get them where they need to be.
STINSON LLP
2022 was a very active year in CRE, and my practice was no exception. My Real Estate and Public Finance Division lead all Divisions in Stinson LLP in production during 2022. My practice includes several hubs of expertise that I have acquired over the years, including hospitality transactions, commercial development, medical and life science real estate, public/private joint ventures and redevelopment, and residential development. My clients include a mix of publicly traded companies, large privately held companies, public bodies and individual investors.
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REAL ESTATE LAWYER OF THE YEAR CHRISTINA RIECK LOUKAS
THOMAS L. BRAY
WINTHROP & WEINSTINE
Between ongoing litigation matters, a demanding speaking schedule, and mentoring, the year of 2022 was a busy one for Christina Loukas, a shareholder practicing in construction and real estate litigation at the law firm of Winthrop & Weinstine. Her practice involves numerous issues such as subcontractor defaults, quiet title actions, advising on insurance coverage issues, easement issues, and advising and counseling on a wide variety of construction and real estate needs. In her biggest case last year, Christina first-chaired a litigation matter on behalf of a client who had hired a subcontractor to provide labor and materials for construction of a solar array.
TAFT
I have over 30 years of experience as a real estate generalist, representing corporate and individual clients in all types of real estate acquisition, financing, development, and sale transactions. I have a diverse practice and represent clients in Minnesota, Wisconsin, and throughout the greater Midwest. No two deals are the same and I invest time to the understand the intricacies of each and every transaction. I truly enjoy working with clients on a wide variety of real estate issues and have significant experience in the acquisition and development of land for commercial, residential, and mixed use condominium and planned community projects, which is why 2022 was a busy year for me.
The Grove Ryan Companies
As the most active C-PACE lender in Minnesota we’re proud to be part of the toolkit that makes development happen. Crosstown Core Hempel Real Estate
Mankato Heights Plaza Solar Tailwind Group
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Four Seasons at RBC Gateway United Properties
The Deco First & First
PACE Loan Group is proud to support the nominees of the 2023 Minnesota REJournal Real Estate Awards. www.goplg.com
2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
INTERIOR DESIGN - HOSPITALITY
CAFESJIAN ART TRUST
FOUR SEASONS - MINNEAPOLIS
The Cafesjian Art Trust (CAT) is located in Shoreview, MN and features the impressive art collection of Gerard Cafesjian, the late philanthropist, art collector and West Law publishing executive. In 2019, Cafesjian’s daughter and museum trustee, Kathie Cafesjian Baradaran, expressed the need of larger warehouse space as they were outgrowing their existing building.
Four Seasons Minneapolis establishes an elevated new high in luxury hospitality perched on floors 23-30 and representing the only five (5) star hotel in the state. A room mix of primary executive kings and suites accommodates both the corporate traveler and leisure guest while offering unmatched interior and exterior amenities.
Developer: N/A
Contractor: McGough
Contractor: Greiner Construction Lead Architect: Mohagen Hansen Architecture | Interiors
Developer: United Properties Lead Architect: Smallwood Reynolds
Congratulations!
Joe Ryan Larkin Hoffman is delighted to congratulate Joe Ryan, CEO and Owner of Oppidan Investment Company, for receiving the Minnesota Real Estate Journal
Lifetime Achievement Award.
www.larkinhoffman.com
REJ_JoeRyan_Ad.indd 1
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@REjournals 3/31/23 3:55 PM
WOMAN OF THE YEAR - REAL ESTATE SERVICES SAMI COWGER
JILL RASMUSSEN
CARLSON PARTNERS Sami completed 40 transactions in 2022, amounting to $7.2 million in transaction value. She completed deals in 20 states across the U.S., helping build the portfolio of her national client accounts. Some of Sami’s national client accounts include Pediatric Home Services, Starkey Hearing Technologies, and AVI Systems. Sami earned Carlson Partners’ Emerging Broker Award for her hard work resulting in an abundance of deal completions. In 2022, Sami grew her book of clients by actively networking and building relationships. Aside from representing a multitude of “one-off ” clients with real estate needs, Sami won 3 different accounts that all have multiple properties throughout both Minnesota and the U.S. While she mostly focuses on the office market, Sami was able to complete transactions in all sectors of the real estate world. She was the tenant or buyer/seller representation in completed deals in the office, healthcare, retail and industrial markets.
JOYCE STUPNIK BDH
As President and Partner of BDH, Joyce achieved a substantial amount of success within the last year. Under Joyce’s leadership, BDH’s revenue increased by 15% from 2021 to 2022 and BDH was recognized as the best commercial interior design firm by Twin Cities Business in 2021. Joyce partnered with influential commercial real estate players including Oppidan, Lifestyle Communities, Stewart Co, Steven Scott Management, Schafer Richardson, EJ Plesko, Amcon Construction, and First Service Residential to positively impact the community with design. Her team completed more than 30 multi-housing and senior living projects in 2022, and her team’s work on The Pillars of Grand Rapids was recognized with two awards: a NAIOP Award of Excellence and a Top Project award granted by Finance & Commerce.
DAVIS
Jill K. Rasmussen, CCIM, SIOR is a Principal at Davis a full service Commercial Real Estate Company specializing in the Healthcare sector. Jill is a highly-acclaimed real estate advisor and globally recognized industry leader, as well as an admired community advocate, volunteer and mentor. With over 38 years in the CRE industry, Jill has been involved with transactions totaling over $5.3 Billion in value while balancing family life, personal well-being, mentorship and many volunteer association leadership positions within the industry. Throughout 2022 she was involved in 96 transactions, totaling 1.2 Million SF and $332M in value. These transactions included major clinic leases, new medical office building developments and investment transactions. Jill has a reputation for consistently providing unique and innovative real estate strategies and constantly going above and beyond to create value on every project for clients, partners and investors alike.
GENEVIEVE LIESENER CUSHMAN & WAKEFIELD
Genevieve Liesener has worked at Cushman & Wakefield (C&W) just under four years, and in that time, she has made her mark on the industry and our company. Genevieve is a Senior Property Manager at C&W where she primarily focuses on retail real estate. She currently manages a retail portfolio of more than one million square feet for several institutional clients, including three Fortune 500 companies. In addition to her work at C&W, she is also an active leader in the Minnesota Shopping Center Association (MSCA), where she is a co-chair on the legislative committee and was recently elected as the ICSC Upper Midwest 2023 Government Relations Chair. Genevieve’s current portfolio puts her in charge of collecting over $17 million annually in rent and overseeing more than 70 retail tenants. Over the last two years, she completed approximately $5 million in capital improvement projects and is projecting $1.5 million in 2023.
66 2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
URBAN MULTIFAMILY - MINNEAPOLIS
DOYLE APARTMENTS
FOUR SEASONS PRIVATE RESIDENCES
Doyle is a seven-story student housing building located in the heart of Dinkytown. The building has 81-units, ranging from onebedrooms to four-bedroom units. There are two levels of enclosed parking, as well as several amenity spaces designed for students.
An exceptional opportunity, the 34 Four Seasons Private Residences offer a luxury level of service unmatched in the Upper Midwest, which is why these properties are the highest-selling priced real estate on the market. The Residences feature access to all hotel services 24/7: spa, pool, award-winning restaurants, and Four Seasons-level care and hospitality carried out by an exclusive concierge team.
Developer: North Bay Companies Contractor: Frana Companies Lead Architect: Mick Stoddard
Developer: United Properties Contractor: Core/Shell - McGough Construction; Interior - Weis Builders Lead Architect: MSR Design
THE DUFFEY
WAKPADA APARTMENTS
The existing development, a former paper warehouse, included three connected but unique buildings. A 7-story concrete structure, a 1-story steel warehouse, and a 3-story timber framed building. The historical buildings had been vacant for over a decade and included several previously failed development plans.
Wakpada Apartments is a 126-unit, $26.3 million project in Minneapolis’s Hiawatha neighborhood. Wakpada is deeply rooted in the community, named after the Dakota word for äóìcreekäóù and features local, Native artwork throughout.
Developer: CEDARst
Contractor: Yellow Tree Construction Services
Contractor: RJM Construction Lead Architect: BKV Group
Developer: Hall Sweeney Properties Lead Architect: Collage Architects
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INTERIOR DESIGN - SUBURBAN APARTMENT
AXLE APARTMENTS
GRANITE WORKS
This site is located in the heart of the City of Fridley, just south of their City Hall at the prominent intersection of University Avenue Northeast and Mississippi Street Northeast. This places the project close to nearby schools and retail nodes, perfect for families.
The Granite Works Apartments is situated along the Crow River in the downtown of Delano, MN. The project is part of a greater redevelopment of the former Granite Works Manufacturing Facility. Granite Works was America’s Largest ManufacturerRetailer of cemetery memorials, markers, and mausoleums.
Developer: Roers Companies Contractor: IronMark Lead Architect: Kaas Wilson Architects
Developer: Michael Development+Ebert Development Partnership Contractor: Ebert Construction Lead Architect: Kaas Wilson Architects
RISOR APPLE VALLEY
RYA AT RF 64
The City of Apple Valley is a growing community located about 20 minutes south of Minneapolis and Saint Paul and close to theMinneapolis/Saint Paul Airport. The Risor Apple Valley project is located close to the economic and civic core of the city. Apple Valley is committed to providing a safe and healthy environment for residents and preserving a high quality of life.
This project is located in Richfield, MN on a site that is located right off of highway 77. This put it near other major highways to easily access other parts of the Twin Cities. It also very close to the MSP airport and East 66th Street, a main thoroughfare through the City of Richfield.
Developer: Roers Companies Contractor: Bauer Design Build
Developer: Schafer Richardson Contractor: Eagle Construction Lead Architect: Kaas Wilson Architects
Lead Architect: Kaas Wilson Architects
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2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
INDUSTRIAL - SE
THE MORRISON
INVERPOINT BUSINESS PARK, BUILDING #2
The Morrison is situated in the heart of the downtown in Rosemount, MN. For a number of years, the site was occupied by Retail, but the existing building had sat underutilized for a number of years. The new 124-Unit apartment building brings residents and activity to the downtown site that was in need revitalization.
InverPoint Business Park is a contemporary 5-building masterplanned development totaling 475,000 square feet on a 45-acre site with first-class construction and specifications. Located at the State Highway 55 and 53 interchange, the site offers highway visibility and immediate access to the Twin Cities expansive highway network.
Developer: Bader Development (+ Steven Scott), Ron Clark Development
Developer: United Properties
Contractor: Ron Clark Construction
Lead Architect: Pope Architects
Lead Architect: Kaas Wilson Architects
Contractor: Gardner Builders
MAGNUM TRUCKING LTL
METRO SALES, INC. HQ
In November of 2022, Scannell’s Interstate South Logistics Park welcomed Magnum Trucking. Magnum Trucking is headquartered in Fargo, ND, and the Lakeville facility is their 31st LTL (less-thanload) freight facility in the Midwest. The facility totals 59,600 SF on 29.53 acres, comprising 31,400 SF of warehouse, 9,400 SF of office and a 13,800 SF standalone maintenance building.
MSI (Metro Sales, Inc.) is an employee-owned company and a leading provider of printing, IT solutions, document automation, and management in Minnesota. Looking to consolidate four locations into one larger headquarters, they partnered with PlanForce to design a space that fits their vision for MSI’s future.
Developer: Scannell Properties
Contractor: Mission Construction
Contractor: RJ Ryan Lead Architect: Mohagen Hansen
Developer: Forte Real Estate Partners Lead Architect: PlanForce
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SENIOR HOUSING
AMIRA BLOOMINGTON
FLAGSTONE
Amira Bloomington is a premier rental community for active adults 55 and better featuring spacious high-quality apartment homes, well-designed interior and exterior spaces, beautifully landscaped grounds, and an abundance of best-in-class amenities and activities. Centrally located near Highways 100 and 494, the 133-unit community offers convenient access to many attractions, restaurants, shops and recreation.
Flagstone is a 449,000-SF senior living campus consisting of a full spectrum of senior housing including 148 independent living, 46 assisted living, 18 memory care and 68 fully licensed skilled care units. The AL/MC/CC areas include nursing stations, separate kitchen and dining areas, community rooms and other gathering areas to provide the residents with various community settings.
Developer: United Properties
Developer: Presbyterian Homes & Services and Senior Housing Partners
Contractor: Weis Builders
Contractor: Adolfson & Peterson Construction
Lead Architect: Kaas Wilson
Lead Architect: Insite Architects
RISOR APPLE VALLEY
ROUND LAKE SENIOR LIVING
The City of Apple Valley is a growing community located about 20 minutes south of Minneapolis and Saint Paul and close to theMinneapolis/Saint Paul Airport. The Risor Apple Valley project is located close to the economic and civic core of the city. Apple Valley is committed to providing a safe and healthy environment for residents and preserving a high quality of life..
Located on land with an equestrian history in Arden Hills, Round Lake Senior Living is nestled into an existing neighborhood. Conveniently located a short 5-minute walk to Round Lake and a 15-minute walk to Valentine Lake, residents and family members can enjoy the walking paths surrounding the lakes. The site boasts beautiful mature trees and natural habitat for wildlife in the surrounding open green space.
Developer: Roers Companies
Developer: Trident Development
Contractor: Bauer Design Build
Contractor: Lyon Contracting
Lead Architect: Kaas Wilson Architects
Lead Architect: Kaas Wilson Architects
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2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
MORTGAGE BROKER / BANKER OF THE YEAR JEFF LEPLEY
TONY CARLSON
JLL
Jeff is a Managing Director in the the St. Paul office of JLL Capital Markets, Americas. He advises multi-housing, seniors housing, and healthcare owners and operators nationwide in the capitalization of their properties and executes equity and debt financing solutions. Prior to the firm merging with JLL in November 2015, Jeff was with Oak Grove Capital and its predecessors since 2009. Jeff has been involved in origination and underwriting of over $1 billion in real estate financings.
COLLIERS MORTGAGE 2022 was another strong year for Tony who has been in the industry since 2005 and a producer since 2012. In 2022 Tony closed 25 transactions for nearly $300 million in volume. Closed transactions included both debt and equity and a wide range of sources including agencies, life insurance companies, institutional equity groups, and local banks and credit unions. Deal sizes ranged from $2 million to $60 million and funded many property types including Multifamily, industrial, retail, office, and self-storage.
JON TOLLEFSON
MARSHA GOFF
BRIDGEWATER BANK Managing Director Bridgewater Bank 2022. Leader of a top performing team, consisting of six commercial real estate bankers, with team production in excess of $500 million in new loan transactions and with related loan fee generation in excess of $3 million. I was Individually responsible for roughly 20% of this production. My team’s transactions included multiple meaningful new to Bridgewater client relationships as well as commercial real estate loans of all types.
MERCHANTS CAPITAL During 2022, Marsha Goff financed over $250,000,000 of affordable and workforce multi-family housing not only in Minnesota but throughout the country. Transactions include acquisition bridge financing, financing of preservation housing, affordable and workforce housing, construction financing with permanent forward commitment, and the facilitation of conversion to permanent financing and/or final endorsement for newly completed properties.
JEFFREY HAUG
GREAT SOUTHERN BANK
WILLOWS BEND SENIOR LIVING Willows Bend Senior Living is located in the heart of Fridley, offering a full continuum of care as well as opportunities for residents to focus on what’s important: family, friends and fun! 136 stylish apartments plus a host of amenities keep residents happy, including a pub, fitness center, salon, library, chapel, theater, restaurant-style dining, community room and several outdoor gathering spaces.
In 2022 I was promoted from Senior Relationship Manager to Market Manager. Our loan portfolio has grown over 200% over the past 7 years with significant growth happening in 2022. In 2022 our commercial lending team broke the record for new loan production for the Minnesota Market. I am a manager of three other commercial real estate lenders, two credit analysts and one loan assistant. During the year we closed a line of credit, LIHTC construction and equity bridge loans, apartment construction loans and refinances, industrial construction loans, and retail loans.
Developer: Ivy Properties and United Properties Contractor: Amcon Construction Lead Architect: Kaas Wilson Architects
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SUBURBAN MULTIFAMILY - NE
RATIO
RALCO AGRICULTURE HEADQUARTERS
As the first market rate apartment project in Columbia Heights in over 20 years, Ratio Apartments is the product of a great partnership between the City of Columbia Heights, Bridge Investment Group, and Alatus to create 296 apartments, the new, 22,000 square-foot Columbia Heights City Hall, 23,000 square feet of resident-focused amenity spaces, 332 parking stalls, and a 3,000 square-feet, ground floor retail offering.
Spectrum Interiors supported the expansion and relocation of Ralco Agriculture’s corporate headquarters in Marshall, Minnesota. Ralco is a third-generation, family-owned company that assists agricultural producers by naturally converting nutrients to growth since 1971.Ralco outgrew its existing office space and needed additional space for collaboration.
Developer: Alatus, LLC Contractor: Doran Construction Lead Architect: Doran Construction
Developer: NA Contractor: Spectrum Interiors Lead Architect: Bruce Tunell with Spectrum Interiors
AXLE
LEXINGTON LOFTS
Axle Apartments is located in Fridley, a suburb north of the Twin Cities. This wood framed building is 4 stories over 1 level of underground parking with 262 units and several common spaces, finishing out just over 310,000 square feet total. Axle is a workforce apartment building that offers alcoves, one-, two-, and three-bedroom apartments.
Lexington Lofts offers an exceptional living experience to the north metro. This five-story market-rate multi-family community includes a mix of studio, one, two, and three-bedroom homes to fit multiple lifestyles. Lexington Lofts Phase 1 was completed in August, 2022 and was developed, built, and managed by Norhart. Norhart is a vertically integrated company creating a better way for people to live.
Developer: Roers Companies Contractor: Ironmark Building Company Lead Architect: Kaas Wilson Architects
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Developer: Norhart Contractor: Norhart Lead Architect: Jamb Architecture
2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
INTERIOR DESIGN - SUBURBAN OFFICE
BIG BRIDGE HOLDINGS, INC.
DAVIS & ASSOCIATES
Daylight streams into the waiting area providing a welcoming glow that is enhanced by a gas fireplace and rich, leather furniture. That feeling of professionalism and hospitality begins as one approaches the site. Big Bridge Holdings purchased a tired, three-story, 38,000 sf office building in Eden Prairie. Site and building modifications updated the look with fresh new materials.
Company culture declined when Davis & Associates employees worked remotely during the pandemic. When the pandemic subsided, they yearned for their former level of camaraderie. The primary challenge to rebuilding their culture: employees weren’t inspired by the existing office environment and preferred to work at home.
Developer: N/A Contractor: Gardner Builders Lead Architect: Mohagen Hansen Architecture | Interiors
Developer: n/a Contractor: Gardner Builders Lead Architect: BDH
LANDSBY ON PENN
LIFEWORKS MAIN OFFICE
Landsby on Penn is an impeccably designed 132-unit multifamily project located on 62nd Street and Penn Avenue in Richfield, a first-tier suburb of Minneapolis. Lunds Real Estate Holdings developed the project in partnership with Doran Architecture, Construction, and Interior teams, who designed and built the building and curated the interior finishes.
Lifeworks Services, Inc., is a nonprofit that partners with people with disabilities across Minnesota. Together, Lifeworks and people with disabilities drive change by increasing opportunity and access in the community. Facing changing workstyles, Lifeworks sought space for a new main office that reduces their administrative footprint by half.
Developer: Lund Real Estate Holdings, LLC
Contractor: St. Paul Construction Company
Contractor: Doran Construction Lead Architect: Doran Architecture
Developer: N/A (Project Manager: JL Commercial Services LLC) Lead Architect: Pope Design Group
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INTERIOR DESIGN - SUBURBAN OFFICE
LOUISIANA CROSSING
MIROMATRIX
The vacant Sam’s Club site was purchased in 2021 to be redeveloped into Loffler Companies new corporate headquarters. After substantial research and employee surveys,Loffler and Gensler planned a new hybrid workplace centered around the wellness of employees.Amenities include a cafe,bar,fitness center,golf simulator, bike storage, and access to the Cedar Lake Bike Trail.
Miromatrix, an emerging leader in life-science technology, creates fully transplantable human organs via cell extraction. When the company outgrew its laboratory and office space, PlanForce worked hand-in-hand with the Miromatrix to design a new 42,000 SF space, including 14,400 SF of Class Seven clean room laboratory space.
Developer: Loffler Companies
Contractor: Greiner Construction
Contractor: Crawford Merz Lead Architect: Bill Baxley, Gensler
Developer: TaTonka Real Estate Advisors Lead Architect: PlanForce
THERMO KING EAST OFFICE (PHASE 3B)
METRO SALES, INC. HQ
Thermo King manufactures temperature control systems for refrigerator trucks and trailers, refrigerated containers and refrigerated railway cars along with heating, ventilation and air conditioning systems for bus and passenger rail applications. This project was the second phase of a three-phased office remodel at Thermo King’s Bloomington World Headquarters.
MSI (Metro Sales, Inc.) is an employee-owned company and a leading provider of printing, IT solutions, document automation, and management in Minnesota. Looking to consolidate four locations into one larger headquarters, they partnered with PlanForce to design a space that fits their vision for MSI’s future.
Developer: Thermo King
Contractor: Mission Construction
Contractor: PCL Construction, Inc. Lead Architect: KOMA
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Developer: Forte Real Estate Partners Lead Architect: PlanForce
2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
SUBURBAN MULTIFAMILY - NW
FREDRIK APARTMENTS
GRANITE WORKS
Fredrik Apartments is a $35.17 million, multifamily building with thoughtfully crafted interiors, park views and direct access to I94 and Highway 101. Developed, constructed and managed by Enclave; this project has 165 units that sit on a 3.32 acre site. Designed in collaboration with nationally recognized ESG Architecture & Design, the building brings a fresh look to the landscape of the community..
The Granite Works Apartments is situated along the Crow River in the downtown of Delano, MN. The project is part of a greater redevelopment of the former Granite Works Manufacturing Facility. Granite Works was America’s Largest ManufacturerRetailer of cemetery memorials, markers, and mausoleums.
Developer: Enclave
Developer: Michael Development+Ebert Development Partnership
Contractor: Enclave
Contractor: Ebert Construction
Lead Architect: ESG
Lead Architect: Kaas Wilson Architects
THE BOWLINE AT MISSISSIPPI CROSSINGS
THE REEVE
The Bowline at Mississippi Crossings is the first phase of a two-phase development, featuring market-rate apartments, community amenity space and connectivity, street level walk-up units, and ample parking space within a highly landscaped, park-like setting overlooking the Mississippi River.
The Reeve Lakeside is a new apartment building in Robbinsdale with 118 residential units with resort-style amenities uniquely situated on Twin Lake. Some of the amenities include a fireside lounge and co-work space, rooftop deck with lake views, fitness facility, year round hot tub spa, private dock, boat slips and lake access, heated underground parking, and an enclosed dog park.
Developer: Greco Contractor: Frana Companies Lead Architect: BKV Group
Developer: Reuter Walton Contractor: Frana Companies, Inc. Lead Architect: Momentum Design Group, LLC
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INDUSTRIAL - SW
CHASKA CREEK INDUSTRIAL I
MIROMATRIX
Chaska Creek I is part of a $37.5 million, multi-building, office/ warehouse development in Chaska, MN. This 168,000 sf building is the first industrial product developed with a design goal focused employee health and wellness. Situated with views of the creek and surrounding natural elements, a walking path and community spaces also promote nature as a respite from the workday.
Miromatrix, an emerging leader in life-science technology, creates fully transplantable human organs via cell extraction. When the company outgrew its laboratory and office space, PlanForce worked hand-in-hand with the Miromatrix to design a new 42,000 SF space, including 14,400 SF of Class Seven clean room laboratory space.
Developer: Oppidan
Contractor: Greiner Construction
Contractor: RJ Ryan Construction Lead Architect: Mohagen Hansen Architecture | Interiors
Developer: TaTonka Real Estate Advisors Lead Architect: PlanForce
Looking for CE?
These and other upcoming events at rejournals.com MAY EVENTS ONTO INNOVATION CLEANROOM ONTO Innovation is an American semiconductor company that has manufacturinglocationsaroundtheworld.Thisprojecttookplaceintheir Bloomington, Minnesota location and included a 6,300 sf cleanroom and an additional relocation and build-out of 2,600 sf of lab space. Developer: ONTO Innovation, Inc. Contractor: PCL Construction, Inc. Lead Architect: KOMA
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Medical Properties Summit May 5, 2023 Golden Valley Country Club
Southeast Development Summit May 24, 2023 Mendakota Country Club www.rejournals.com
2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
PROPERTY MANAGER OF THE YEAR - MALE JASON VAN DE WIELE
XUE YANG
OPPIDAN
ZELLER
Xue Yang joined Zeller in the third quarter of 2021 as the Senior Property Manager of LaSalle Plaza. In that time, many transitions occurred at the property, including changes in ownership, staffing, retail and currently prepping the building for a potential sale. Throughout this time, Xue can be described as, diligent, adaptable and purposeful. Xue has been exceptionally diligent in learning the property and assessing and adjusting operational aspects when needed, all while mastering new accounting and financial reporting systems.
Jason Van De Wiele, Director of Property Management at Oppidan, is responsible for all Oppidan-owned commercial properties and developments, including tenant relations, lease negotiations and day-to-day operations. He also oversees residential apartment third party property managers and is part of the senior housing team responsible for Oppidan’s senior housing portfolio that includes three senior living communities in Minnesota, one community in California, and three communities in development.
DENNIS MEADOWS
TOM GERGEN
CUSHMAN & WAKEFIELD
BLACKBRIDGE PROPERTY MANAGEMENT
In his 25 years as a Property Manager, 2022 stands out to Dennis Meadows as a year of success. Dennis is a General Manager in the Asset Services team at Cushman & Wakefield. He currently manages four properties totaling more than 1.4M square feet. He is a leader in his profession and in his company, trusted to train and mentor new employees or those in new positions. He is a longtime volunteer for Hearts & Hammers and leader in the Institute for Real Estate Management (IREM) where has led the Community Outreach Committee for 12 years.
I’m the owner/broker of Blackbridge Property Management. In the past year I grew the business from 100 rental units to over 350 rental units. All through networking and referrals.
MITCH ROBERTSON
MATTHEW SWANSON
SUNTIDE
CBRE
Matt’s contributions in 2022 to his clients, our team, and CBRE were exceptional. Matt oversaw four simultaneous tenant improvement projects to on-time completion, enabling the client to market their asset and go under contract inside of four months. When CBRE had the opportunity to propose management services on a 640,000 SF portfolio in the summer of 2022, we knew immediately that Matt would be the lead on the assignment. Fast forward six months later, and CBRE won the business with Matt’s experience and knowledge being one of the top reasons that CBRE was selected.
Helping navigate the lobby remodel coordinating with tenants, helping construction coordinate and plan the project with various vendors. Coordinating large asphalt capital improvement project in the north Case Building parking lot. Working with tenants to ensure there was enough parking while successful completing the project during business hours. Major improvement to the building and accessibility for the tenants. Helping tenant host multiple large events including large brewers conference which closed parking for several days but brought businesses from all over the state to the property and helped spotlight the property.
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EMERGING LEADER OF THE YEAR AUSTIN LOVIN CBRE
Over the past 12 months, Austin has been involved in 36 transactions totaling 1.3M SF and 100 acres. With industrial market activity at record highs, Austin is relied upon by clients to educate them on the rapidly shifting landscape in the Northwest submarket of Minneapolis. Austin is developing a reputation as a trusted advisor by always putting clients’ interests well before his own. For example, a client of Austin’s was seeking to sell additional land adjacent to their existing facility. After a careful analysis, Austin advised his client to retain property to allow for expansion on existing building. As a newer broker, it can be tempting to chase a deal as you look to build your business, but in this scenario, advising against a transaction proved that Austin was looking out for the client’s best interests.
ANNE MADYUN DAVIS
Anne Madyun has a superior understanding of the Twin Cities medical office market and the unique needs of our niche client base. She is well known in the industry for having fantastic follow-up and attention to detail, employing creative and effective marketing strategies, and consistently managing outstanding deal volume and flow. Anne understands all aspects of our business and is entrusted to support all new/existing business efforts and directly manage relationships with the company’s key clients leveraging her deep knowledge and providing the utmost care. Some of Anne’s 2022 highlights include. Nearly 50 transactions totaling over 200,000sf and $68M+ in value. Leasing 9 MOBs to 100% occupancy. Awarded Broker of the Year by our largest REIT client. Anne’s performance, creative problem solving, and excellent outcomes in 2022 earned her a promotion to Vice President.
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CHRISTIAN OSMUNDSON ALATUS
Closing and construction commencement of Lexington Station Apartments, Saint Paul, MN - 304-unit mixed-income transit-oriented development (“TOD”) project located along the Green Line in Saint Paul which will include 60% AMI income and rent restrictions for 50% of the total units. The project will also be LEED Gold certified upon completion and will have a rooftop solar array which will be responsible for generating power for approximately 50% of the property’s electrical consumption. Lastly, the project was executed with no subsidy or low-income housing tax credits. Closing and construction commencement of 325 Blake Road N LIHTC “Building A”, Hopkins, MN - 116-unit LIHTC development with 100% of the units at 50% AMI or lower.
JOHN MCKENNA
CUSHMAN & WAKEFIELD John McKenna started at Cushman & Wakefield as an intern for the Advisory Services team in 2018 and has wowed the team ever since. John specializes in tenant representation for Twin Cities clients and is known for his market research to support client’s real estate needs. In 2022, John worked with his team to complete 26 projects equaling more than 571,500 SF with a transaction value of more than $45M. Of those 26 projects, John was lead broker on 17 and sourced six of the clients. His list of clients includes those in the legal, financial and professional services industries as well as media, nonprofits and education organizations. His hard work for his clients led to his promotion to Senior Associate in 2022.
2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
EMERGING LEADER OF THE YEAR TIM TYSK
SAMI COWGER
CARLSON PARTNERS Tim Tysk has been an advisor with Carlson Partners for four years and has been practicing commercial real estate since 2016. He has represented clients within the retail, office, industrial, manufacturing, and distribution facility sectors throughout the United States. In 2022, he completed $109M in transactions and grew our client roster with new additions in the automation, engineering, and food service industries. With years of experience and a data-driven understanding of the commercial real estate market, Tim delivers rock-solid, strategic plans and exceptional results to his clients. He specializes in current market information, gathering data on properties and negotiations.
CARLSON PARTNERS Sami completed 40 transactions in 2022, amounting to $7.2 million in transaction value. She completed deals in 20 states across the U.S., helping build the portfolio of her national client accounts. Some of Sami’s national client accounts include Pediatric Home Services, Starkey Hearing Technologies, and AVI Systems. Sami earned Carlson Partners’ Emerging Broker Award for her hard work resulting in an abundance of deal completions. In 2022, Sami grew her book of clients by actively networking and building relationships. Aside from representing a multitude of “one-off ” clients with real estate needs, Sami won 3 different accounts that all have multiple properties throughout both Minnesota and the U.S. While she mostly focuses on the office market, Sami was able to complete transactions in all sectors of the real estate world.
JOHN NORDSTROM, PE
Visit the 2023 Awards Company Profile Page
EMANUELSON-PODAS
In 2022, John Nordstrom, PE, spearheaded a number of initiatives and innovative programs, driving positive change across several areas of Emanuelson-Podas, from sales to project design / delivery to human resources and beyond. Nordstrom leads the firm’s multifamily housing sector and in 2022 led the MEP design development of more than 20 multifamily projects. These spanned the multifamily sector, with projects in the market rate, affordable, high-rise, student housing, and modular categories. This growth in projects not only significantly impacted the Emanuelson-Podas project portfolio and bottom line, but positioned Nordstrom as a go toMEP expert for the multifamily sector. The firm’s clients in this sector including the Twin Cities’ most prominent developers, contractors, and architects routinely contact Nordstrom for his MEP expertise, and for guidance on how to make a project successful.
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SUBURBAN MULTIFAMILY - SE
CANVAS AT WOODBURY
RILEY
Canvas at Woodbury consists of 81 carefully crafted homes adorned in a Modern Farmhouse aesthetic. Each home was deliberately designed to optimize living, cater to a wide consumer demographic, and allow for a maintenance-free lifestyle. These homes feature a plethora of in-home amenities including smart home technology, attached garages, yards, dedicated pet retreats, and more.
The Riley Apartments is a development of 82 units with a mix of studios and 1-bedrooms; a total of 78,000 SF. It offers its residents welcoming amenity spaces that cater to multiple uses with a zoned design that separated a large lobby space in zones designed for co-working, lounging, and a larger community kitchen/dining space.
Developer: Watermark Companies
Contractor: Frana Companies
Contractor: RTH Residential Lead Architect: BSB Design
Developer: North Bay Companies Lead Architect: DJR Architecture
RISOR OF APPLE VALLEY
RYA AT RF 64
Risor of Apple Valley is an active 55+ complex that is comprised of a 160-unit apartment building and three townhomes with 12 units. This four-story building includes a wide range of amenities that includes an indoor pool, screened in porch with indoor/ outdoor fireplace, multiple outdoor grill stations, several community spaces, golf simulator, fitness room, and a pickle ball court..
This project is located in Richfield, MN on a site that is located right off of highway 77. This put it near other major highways to easily access other parts of the Twin Cities. It also very close to the MSP airport and East 66th Street, a main thoroughfare through the City of Richfield.
Developer: Roers Companies Contractor: Ironmark Building Company
Developer: Schafer Richardson Contractor: Eagle Construction Lead Architect: Kaas Wilson Architects
Lead Architect: Kaas Wilson Architects
80 2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
SUBURBAN MULTIFAMILY - SE
THE MORRISON
THE OVERLOOK AT CRYSTAL LAKE
The Morrison is situated in the heart of the downtown in Rosemount, MN. For a number of years, the site was occupied by Retail, but the existing building had sat underutilized for a number of years. The new 124-Unit apartment building brings residents and activity to the downtown site that was in need revitalization.
Northland Real Estate Group developed this outdoor amenity rich 110-unit market rate apartment project located immediately adjacent to Crystal Lake, surrounded by Crystal Lake West Park, and directly across from Buck Hill in Burnsville, MN.
Developer: Bader Development (+ Steven Scott), Ron Clark Development
Contractor: Lyon Contracting
Contractor: Ron Clark Construction
Developer: Northland Real Estate Group, LLC Lead Architect: The Cole Group
Lead Architect: Kaas Wilson Architects
WOMAN OF THE YEAR DEVELOPMENT & CONSTRUCTION KATE HAMERLY SPOONER
ROBIN MOONEY
ROERS COMPANIES
Kate Hamerly Spooner is a powerhouse nominee for the 2023 Woman of the Year. Kate leads the investor relations team at Roers Companies, which raises equity from private investors to fund the firm’s new development projects. Kate’s ability to lead this team and raise equity for projects is vital to the company’s growth. In her four years with the company, she has worked alongside Roers Companies’ co-founder Kent Roers to grow the investor relations department from one employee to five. In August 2022, Kate was promoted to Vice President of Investor Relations, taking over as the department head and joining the ranks of the company’s leadership team.
DJR ARCHITECTURE My primary role within DJR Architecture is to develop strategies for growth and storytelling. That growth must happen both internally and externally; first with our people to prepare them to engage the market with intention and to seek alignment, shared values and synergies. This is followed by strategic market outreach, new partnership and opportunity development, addressing the growing housing crisis across the U.S. by designing solutions for the community. This past year has been focused on growth through diversification and new initiatives as well as developing deep relationships with BIPOC leaders and experts and a host of other quality, human-centered partners. Serving as the strategic lead for the George Modular Solutions Innovation and Technology Training Center and Modular Plant has been nothing less than life-changing.
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WOMAN OF THE YEAR DEVELOPMENT & CONSTRUCTION
MEGHAN ELLIOTT NEW HISTORY
Meghan has been a pillar of the real estate community for more than a decade. As a consultant, entrepreneur, educator, and advocate, she has been a transformational force for historic preservation, and redevelopment. Meghan is the Founding Principal and CEO of New History, a statewide consulting firm with national influence, who has worked on nearly 300 projects since its inception in 2011. She and her team have served 175 clients in more than 40 communities, resulting in millions of dollars of economic activity and the reactivation of hundreds of properties. But Meghan’s real distinction in 2022 was the successful completion of one of Minnesota’s most challenging redevelopment projects, and her first as a developer: the long-vacant historic St. Louis County Jail in Duluth. The building, renamed and reimagined as Leijona’, has contributed to the revitalization of downtown Duluth.
CALLEIGH KENNEDY BIG-D CONSTRUCTION
As the Office Manager, Calleigh is at the very heart of Big-D Constructions Midwest office. From project administration to overseeing business operations, Calleigh is an essential member of keeping our Midwest office operating smoothly. Calleigh is at the forefront of employee retention at Big-D Construction. Through her work with the implementation of new employee orientation and onboarding to the development of employee showcase events that highlight her colleagues’ strengths, achievements, and initiative to push themselves towards greater heights. Under her leadership, she brings out the best in both the office staff as well as her direct team. Whether that is through her innovative approach to mentorship by adapting training to each individual team member’s learning style or her drive to pursue newer innovative ways to approach common challenges.
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10 WEST END 10 West End was sold in November 2022 in a record-setting deal; the $358-per-square-foot price is the all-time highest price per square foot for a Suburban Multi-Tenant Office building in the Twin Cities. The Seller (Excelsior Group/ Sotarra LLC / Ryan Companies) in this $117,315,435 sale to Bridge Investment Group (Bridge) was represented by Cushman & Wakefield. Major tenants include: HDR, AB Carval, and Radisson; 10 West End was 74% occupied at the time of sale.
KRISTYN SECAUR
SUNTIDE COMMERCIAL REALTY Managed the completion of the multi-year renovation of 27 restrooms in the historic Court International building from start to finish. This included planning stages, finish selections, construction supervision, and tenant relations during the project. Oversaw and facilitated the lobby remodel of an iconic historical building from inception to completion. The long overdue update included working closely with architects, designers, contractors, management, and ownership to bring the building into the 21st century. Coordinated the complete renovation of an approximately 30,000 SF office building. This design-build project included multiple restrooms, kitchens, training rooms, conference rooms, offices and the construction of a new elevator to bring the building to code compliance. Assisted in the renovation of a newly acquired asset (1911 Rice Street) to add solar and geothermal to the building to lower the property’s carbon footprint.
2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
MOST SIGNIFICANT INVESTMENT SALE TRANSACTION IN 2022
THE BERKMAN Highest
MF
transaction
in
the
THE SHOPS AT WEST END history
of
MN The Shops at West End, a prominent lifestyle center, is home to some of the most frequented entertainment and hospitality options in the Twin Cities including Crave, Rojo Mexican, Icon Theater, and Punch Bowl Social. The shopping center last traded hands in 2014 for $117,100,000 to a New York buyer. Hempel acquired the property at the end of 2022 for $64,750,000 in the midst of a challenging investment market due to rising interest rates.
MINNEAPOLIS CORE LOGISTICS PORTFOLIO
ASIA MALL / PACIFICA SQUARE IN BURNSVILLE
The Minneapolis Core Logistics Portfolio was a collection of 7 institutional-quality newly constructed properties totaling 1,110,486 square feet representing a unique opportunity to instantly become one of the leading owners of Class A industrial properties in Minneapolis. The Portfolio is concentrated in Minneapolis largest and fastest growing submarkets.
I represented the investors for Asia Mall in Eden Prairie & Pacifica Square in Burnsville. In addition to being a partner specifically for Pacifica Square in Burnsville, I was also appointed as the head advisor for both projects to help bring fresh international and national retail/restaurant concepts into the Minnesota market to create excitement within our communities. A big part of the excitement is a national Asian supermarket chain along with an International foodhall which will have 10 different concepts that my partners and I will be bringing to Pacifica Square in Burnsville.
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PROPERTY MANAGEMENT COMPANY OF THE YEAR
CAPITAL PARTNERS MANAGEMENT
DAVIS PROPERTY MANAGEMENT
With over $1 billion in value of industrial real estate under ownership and management in the Twin Cities and Milwaukee, Capital Partners is built on the strength of our partnerships and unique position within the market. With our equity partners, local industry relationships and ability to attract and retain great tenants we are one of the most successful and fastest growing industrial real estate companies in Minnesota.
Davis is the only real estate firm with an exclusive focus on healthcare in the nation. With over 100 years of combined experience, the Davis principals lead every engagement, enabling clients to make informed decisions and achieve their long-term real estate goals. The spectrum of comprehensive services offered by Davis provides clients with an unmatched ability to have their expectations exceeded, whether through leveraged capital, optimal lease/ sales terms, or in delivering a cutting-edge experience to patients.
RYAN COMPANIES
ZELLER
At Ryan, we believe in the value of the buildings we design, develop, manage and construct. Not just for their dollar value, but for the value they bring to the people who use them and the communities that surround them. For more than 80 years, this belief has driven us to take a holistic approach to every project, focusing first on the ‰ÛÏwhy‰Ûù behind a customer-s needs so we can achieve a better outcome in the end.
Zeller has a proven 35-year legacy of excellence in commercial real estate investment and development. We excel in selecting properties for repositioning and reintroduction to their markets, delivering extraordinary results for our partners, investors, and tenants. Our success in creating thriving properties and environments is rooted in our collaborative, multi-disciplinary process, and draws from our deep experience in commercial real estate investment, management, leasing and development.
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2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
PROPERTY MANAGEMENT COMPANY OF THE YEAR
FRAUENSHUH, INC. Frauenshuh brings over four decades of experience representing major corporations, private investment companies and institutional owners in the management and operation of real estate assets and portfolios. Frauenshuh provides a full-service approach delivered as an integrated program or as individual services to its owner/landlord clients. Such services include Strategic Planning and Analysis, Asset Management, Development Services, Property Information Administrations, Property Management/ Operations, Project Management/Owner Representation, Brokerage (Leasing and Sales), and Project Financing.
SUNTIDE Suntide Commercial Realty is a St. Paul based company with deep roots in the metro area. We’ve been providing full service commercial real estate services since 1986. Suntide has spent over 30 years in the business managing assets for thirdparty investors and ourselves. In conjunction with property and facility management, we offer accounting, brokerage, maintenance, interior design, and construction services.
GENERAL CONTRACTOR OF THE YEAR
RJM CONSTRUCTION
BAUER DESIGN BUILD
RJM Construction LLC is a general contractor based in Golden Valley, Minn., founded in 1997. We specialize in community, healthcare, corporate, and multifamily projects, serving clients throughout Minnesota and neighboring states. Our expertise includes general contracting, construction management, design-build, and preconstruction services. RJM Construction delivers extraordinary spaces driven by your vision.
Bauer Design Build is a Commercial General Contractor servicing a wide variety of projects from Industrial, Cleanroom, Multi-Family & Senior Living, Healthcare, Retail, Office, and Self-Storage. Whether the need is for construction renovation, new construction, land development, or feasibility studies of various buildings, we provide comprehensive insight and management services throughout the construction process with total project accountability.
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GENERAL CONTRACTOR OF THE YEAR
IRONMARK BUILDING COMPANY
DORAN COMPANIES
Ironmark Building Company is a leading general contractor based in Minnesota providing clients with exceptional construction management services specializing in commercial construction including office, hospitality, multifamily apartments, senior living, affordable housing, and tenant improvements. Our goal is to provide quality construction services and retain our clients for years to come.
Doran Companies is one of the largest woman-owned businesses in Minnesota and the largest woman-owned general contractor in the upper midwest. We’re a fully integrated real estate enterprise headquartered in Bloomington, MN. With a proven reputation built on transparency and dedication, we are committed to delivering impactful projects with expert development, design, construction, and property management teams.
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These and other upcoming events at rejournals.com JUNE EVENTS PCL CONSTRUCTION, INC. PCL Construction’s Minneapolis District has offices in Edina, Minnesota and Grand Forks, North Dakota to serve our clients in the Upper Midwest. We focus on safety and quality, use new technologies and methodologies and push the bounds of constructability to deliver exceptional projects. Our areas of specialization include entertainment, hospitality, aviation, commercial, light industrial, sports facilities, healthcare, senior living and higher education.
Property Management Summit June 1, 2023 Golden Valley Country Club
Mid-Year Commercial RE Forecast June 8, 2023 Golden Valley Country Club
Mid-Year Apartment Summit June 15, 2023 Golden Valley Country Club www.rejournals.com
86
2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
DEVELOPER OF THE YEAR
CAPITAL PARTNERS
DAVIS DEVELOPMENT TEAM
As a market leader, Capital Partners has unique insight into the needs of the industrial tenant community. Capital Partners develops for its own account serving the multi-tenant industrial sector as well as providing build to suit solutions for corporate clients preferring their own facility. Our development team is led by Tim McShane and Joe Radach. Combined they offer over 50+ years of development experience over multiple industry sectors and geographic markets. Capital Partners handles all aspects of the development process.
Davis is an award-winning commercial real estate advisory firm that provides development, investment, brokerage, consulting and property management services within the healthcare sector. Davis consistently utilizes a client-driven approach to develop state-of-the-art class-A medical office buildings that meet the real estate strategies of their clients and offer high quality healthcare options to communities both locally and beyond.
UNITED PROPERTIES
SOLHEM DEVELOPMENT
United Properties is a leading real estate investment and development firm headquartered in Minneapolis, with regional offices in Denver and Austin. Nationally recognized for innovation, building operations, sustainability and client advocacy since its inception, United Properties delivers specialized expertise in office, industrial, retail, mixed-use, multifamily and senior housing properties, including both speculative and build-to-suit projects. Privately held, United Properties is part of the Pohlad Companies, owners of the Minnesota Twins and other ventures.
In 2008, Solhem developed its first building, Solhem (“sun home” in Swedish), on a busy block in the Uptown neighborhood. Over the last 13 years, Solhem has developed and managed 20+ multifamily properties in some of the Twin Cities- hottest neighborhoods. From the outset, Solhem has harnessed the power of good design to improve the quality of life for our residents and our surrounding communities. Today, we are recognized as innovators in sustainable design and construction and as a leader in environmental remediation.
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DEVELOPER OF THE YEAR
JO COMPANIES, LLC
HYDE DEVELOPMENT
JO Companies, LLC is a Black-owned, mission driven real estate development company that specializes invdeveloping affordable and workforce multifamily housing. Other real estate development areas includes: market rate, mixed-use and commercial. In 2009, at the heart of the financial crisis, President and CEO Johnny Opara founded JO Companies. After spending over 15 years in corporate America in sales, he left to become an entrepreneur and pursue his passion for real estate. Johnny’s motivation for developing housing that-s affordable was fueled by his late father. Johnny saw first-hand how important high-quality housing that-s affordable affects communities that need them most.
Hyde Development is an award-winning developer, owner, and manager of industrial properties in Minneapolis, Denver, and Fargo. With a focus on urban redevelopment and Brownfield sites, the Hyde team has completed over 6.7 million SF of product since the company-s founding in 2012. Visit us at www. hyde-development.com to learn more about our projects.
ENCLAVE
ROERS COMPANIES
We’re inspired by spaces. It’s in our name. It’s in our DNA. As a unified real estate investment firm, Enclave-s development, construction, and management teams create distinct spaces where partners, team members and communities thrive. With a focus on multifamily, industrial, healthcare, and commercial spaces, our team knows how to create successful developments. At more than 200 team members strong, Enclave has generated more than $1+ billion in value for clients and partners, constructed over 9 million square feet, and has 3,900+ units under management.
Roers Companies is an emerging national leader in multifamily real estate investment, development, construction, and property management. Since its founding in 2012, Roers Cos. has been dedicated to enhancing communities nationwide by building quality housing in areas where demand outpaces supply. The business is growing rapidly ‰ÛÓ more than doubling its project count, geographic footprint, and headcount since 2019. Roers Cos. projects and properties cover 14 states across the U.S., and the firm is on track to reach 20,000 apartment units totaling $5 billion in total development by 2025.
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2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
DEVELOPER OF THE YEAR
HALL SWEENEY PROPERTIES
SENIOR HOUSING PARTNERS
Hall Sweeney Properties LLC is a real estate development firm based in Minneapolis, Minnesota. Led by Jeff Hall and Sean Sweeney, the firm has a long history of successful developments in the Minneapolis and Milwaukee markets. Hall Sweeney is a long-term investor and an active owner in the communities in which it builds. The firm has been recognized for their innovative building design and strong track record of community engagement.
Senior Housing Partners, a subsidiary of Presbyterian Homes & Services, serves as a development consultant to not-for-profit sponsors, owners and operators of senior housing, assisted living, memory care and skilled nursing communities across the country. SHP is one of the largest non-profit developers in the country and has completed billions of dollars in new project development. As a fullservice developer, it provides turnkey project development services. These include strategic planning, product positioning, site selection, zoning and regulatory compliance, as well as marketing to complete pre-leasing and occupancy of projects once construction is complete.
REAL ESTATE EQUITIES
OPPIDAN
Since its founding in 1972, St. Paul, Minnesota-based Real Estate Equities has been a leading property management company, developing apartment communities throughout Minnesota, Indiana, and has recently expanded its footprint into Arizona. The company manages over 4,000 apartments nationally, and their portfolio consists of 12 market rate apartments, 9 mixed-rate apartments, 13 affordable apartments, and 4 market-rate and affordable senior apartments.
Oppidan continues to rise on local and regional Top Developers lists, developing more than 580 projects valued at more than $4 billion and spanning 25 million-square feet throughout 41 states and parts of Canada. Oppidan provides development, construction management, property management, and asset management services to the industrial/data center, commercial, senior living, residential, mixed use, affordable housing, and retail markets. Its client list includes Watermark Retirement Communities, Ebenezer, Duluth Trading Company, Northern Tool, Cub Foods, Hornbachers, Target, Sprouts, GE Oil & Gas, Goodwill, Caliber Collision and more.
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EXECUTIVE OF THE YEAR TED CARLSON, SIOR, CCIM CARLSON PARTNERS
Ted Carlson is the founder and CEO of Carlson Partners, a full-service commercial real estate firm with a strong focus on tenant representation. The Edina-based firm is small, consisting of a team of 12, yet the company completes against and routinely wins against the biggest names in commercial real estate, and it stems from one person that person being Ted Carlson. Ted has lead the Carlson Partners team since 2011. Over the years, the company has remained consistent in size and volume - until 2022.
JOHN CURRY
KNUTSON CONSTRUCTION For John Curry, change has been a constant fact of life. In fact, you could say he knows no different. It could be his background as a hockey goaltender. From his high school days playing for the Breck Mustangs and as an All-American at Boston University, to playing professional hockey with the Minnesota Wild and Pittsburgh Penguins organizations, his life has been a constant study of acknowledging where he is at and where he wants to go.This past year at Knutson Construction has been similar. After being named president and third generation family member to lead Knutson at the end of 2021, John focused on building out the strategic plan and leading Team Blue.
RAPHAEL GOLBERSTEIN PACE LOAN GROUP
Rafi has built an impressive real estate career over the past 15 years. Formerly a Managing Director at Ladder Captial in NYC(NYSE: LADR), Rafi moved back home to Minnesota to found PACE Loan Group (PLG) in 2017. Since that time, Rafi has built PLG into one of the leading Commercial PACE lenders nationwide. PLG has 15 full time employees, has closed and funded over 130 PACE loans (of which 64 are in MN) and has successfully raised over $250M of committed funds from various global insurance companies in addition to a $25M corporate investment from CarVal Investors.
TIM ELAM
SCANNELL PROPERTIES We’ve been able to continue to expand our development pipeline across the US. In 2022, we were able to start 137 new projects in 41 states with a development cost of approximately $4.8 billion totaling over 50 mm SF. In Minnesota, we acquired 431 acres and developed seven buildings totaling 1,409,074 SF. This allowed us to maintain the #1 developer spot in the Twin Cities for a second year in a row. I’m very proud of our team to be able to deliver such a strong pipeline and continue to build lasting relationships with our clients, cities, and real estate community.
BARB SCHUBA
SUNTIDE COMMERCIAL REALTY Facilitated and closed on the purchase of the assets of Archimea Interior Design Services, adding interior design to Suntide’s list of available services.Successfully added nine third-property management clients to our portfolio, increasing the total managed square footage by 6% and increasing the management fee revenue by 7% for the year. Hired on 7 individuals for our management and maintenance teams and 5 new individuals to operate our new interior design business. Added on a new software program to manage workflow for the company.
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90 2023 Minnesota Real Estate Journal | Commercial Real Estate Awards | REjournals.com
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