Siouxland Business Journal - January 2020

Vol. 25 No. 2 PO Box 118, Sioux City, Iowa 51102

January 2020

First Serve

Indoor tennis courts to open in South Sioux INSIDE THIS MONTH’S ISSUE: Hard Rock now has sole owner PAGE 4

Convention Center work complete PAGE 12

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Siouxland Business Journal, January 2020

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The Siouxland Expo Center

Reshaping the Sioux City Skyline Work is safely progressing on this monstrosity of a building located on the grounds of the old SC Stockyards. The Siouxland Expo Center has now taken its shape as we head into winter due to the efforts of our many fabulous subcontracting partners!

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Siouxland Business Journal, January 2020 3

BusinessJournal Chad Pauling, publisher Dave Dreeszen, editor Siouxland Business Journal is published monthly by Sioux City Newspapers Inc., in cooperation with the Siouxland Chamber of Commerce.

Requests for a free subscription or address changes should be sent to: Tad Kelson Siouxland Business Journal Box 118 Sioux City, Iowa 51102

Editorial copy should be sent to: Dave Dreeszen Siouxland Business Journal editor Box 118 Sioux City, Iowa 51102 dave.dreeszen@lee.net For more information: Editorial: (712) 293-4211 or 800-397-9820, ext. 4211 Advertising: (712) 293-4317 or 800-397-3530 Circulation: (712) 293-4258 or 800-397-2213, ext. 4257 On the web: www.SiouxlandBusinessJournal.com

Index Hard Rock now has sole owner.........................page 4

Cover story...........................................................page 8

On the move........................................................page 6

Chamber anniversaries.....................................page 11

Business People..................................................page 6

Chamber investors............................................page 11

Ribbon cuttings.................................pages 7, 10, 13, 14

Convention Center work complete.................page 12

NEW/FOR LEASE

NEW/FOR LEASE

ON THE COVER

Tim Hynds, Sioux City Journal

From left, Wes Michaelson, Danny Graves and Scott Bieber are shown Dec. 16, as underlayment cures on what will become the tennis courts at the First Serve Tennis Center under construction at 1500 Riverview Drive in South Sioux City, Nebraska. The indoor tennis facility will feature three tennis courts and is expected to be finished soon.

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Jim Lee photos, Sioux City Journal

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A bank of slot machines is shown in an undated photo at the Hard Rock Hotel & Casino Sioux City. Los Angeles-based Peninsula Pacific Entertainment, which currently owns 50 percent of the downtown Sioux City venue, announced a deal Dec. 13 with Las Vegas-based Warner Gaming to buy the remaining 50 percent stake in the property.

Hard Rock now has sole owner Stevens-led group to buy out Warner stake in Sioux City casino DAVE DREESZEN

Business Journal editor

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SIOUX CITY -- A company controlled by a longtime Iowa gaming executive now has full ownership control of the Hard Rock Hotel & Casino Sioux City.

Peninsula Pacific Entertainment, which currently owns 50 percent of the downtown Sioux City entertainment venue, announced a deal Dec. 13 with Las Vegasbased Warner Gaming to buy its 50 percent stake in the property.

The deal is expected to be finalized in the second quarter of 2020, subject to regulatory approval.

No changes are expected to the day-today operations of the hotel and casino, Peninsula Pacific said in a news release. All Hard Rock employees will continue with the organization.

Peninsula Pacific Entertainment, based in Los Angeles, is led by M. Brent Stevens, who once served as CEO of Peninsula Gaming LLC, whose holdings included the Diamond Jo Casino in downtown Dubuque and the Diamond Jo Worth Casino near the Minnesota border along Interstate 35.

Founded in 1999 by Stevens, Peninsula Pacific was originally created as the holding company for Dubuque-based Peninsula Gaming, which was sold in 2012 to Boyd Gaming Corp. in a $1.45 billion deal.

In 2013, after the Iowa Racing and

Gaming Commission invited applications for Woodbury County’s first land-based casino, Stevens formed a 50-50 partnership with Bill Warner, CEO of Warner Gaming, which originally pitched the Hard Rock-themed venue for Sioux City. ”Hard Rock Hotel & Casino Sioux City is a highly successful property that offers the best dining, gaming and entertainment experience in the region,” Stevens, who serves as chairman and managing partner of Peninsula Pacific, said in a statement Friday. “We have a long history with Hard Rock, and in Iowa communities, and we are excited to continue to grow our community engagement and investment in Sioux City.”

The pending sale means the end of Bill Warner’s association with the Hard Rock property in Sioux City. He was the public face of the $128.5 million project as it moved from the drawing board in the fall of 2012 to the completion of the nearly yearlong construction in August 2014.

By a 3-2 vote, the Iowa Racing and Gaming Commission selected in April 2013 selected the Hard Rock’s group proposal that included renovating the historic Battery Building in the 300 block of Water Street over two other potential operators and three different sites. The other applicants included Penn National Gaming, which owned the former Argosy Sioux

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City riverboat casino, and Ho-Chunk Inc., which proposed a downtown casino at the site of the historic Warrior Hotel.

“We have enjoyed the opportunity to be a part of Hard Rock Hotel & Casino Sioux City over the last six years,” Warner said in a statement. “Moving forward, the property is in great hands with Peninsula Pacific Entertainment, and I look forward to seeing it continue to grow and thrive.”

Warner Gaming will continue to operate its other properties, which include the Hard Rock Hotel & Casino Las Vegas.

In its application for the Iowa license in 2013, Warner’s group partnered with Missouri River Historical Development, a local nonprofit gaming group that holds the Hard Rock Sioux City’s state gaming license.

MRHD executive director Mark Monson, after learning about the sale on Friday, spoke positively about Peninsula Pacific Entertainment. ”Their corporation is fabulous,” Monson said. “Couldn’t ask for a better group to take over the Hard Rock. I just see it only getting better.”

The Hard Rock Sioux City offers more than 800 slot machines; 26 table games including craps, poker, blackjack and Texas hold’em; and three dining options, including the gastropub Main + Abbey. The casino this fall also opened a sportsbook after

Siouxland Business Journal, January 2020 5

A huge crowd jams into the Hard Rock Hotel & Casino Sioux City on opening night, Aug. 1, 2014. The property, the first land-based casino in Woodbury County, has been sold to Peninsula Pacific Entertainment.

the state legalized betting on professional and college sports.

The Hard Rock complex also includes a 54-room boutique hotel, an indoor entertainment venue called Anthem and an outdoor venue known as Battery Park.

In October, the Hard Rock opened a $10.9 million parking garage at 205 Pearl St. The four-story, covered parking garage has

some 530 parking spaces and offers some 15,000 square feet of retail space at the corner of Third and Pearl Streets. Retail tenants of the building have not yet been announced.

The 245,000-square-foot garage extends over Third Street and joins the Hard Rock at a vestibule on the south side of the casino on Third Street.

The ramp was built in partnership with the city, which footed roughly $5.5 million of the cost, largely because the ramp is hoped to benefit Tyson Events Center patrons.

In January 2013, Warner’s group secured up to $35 million in financing from an entity controlled by Stevens. The investment, which Stevens eventually converted into a 50 percent stake in the development, strengthened Hard Rock’s application for the state gaming license by putting more equity into the project and sharply lowering financing costs.

Peninsula Pacific Entertainment’s current properties include del Lago Resort & Casino in Waterloo, New York, DiamondJacks Hotel and Casino in Bossier City, Lousiana, Colonial Downs Racetrack in New Kent, Virginia, and Rosie’s Gaming Emporium locations in Richmond, Hampton, and Vinton, Virginia. ”Providing outstanding service and quality is a never-ending priority at each of our Peninsula Pacific Entertainment properties, including Hard Rock,” Stevens said.

“This is a step in our direction to continue improving the Siouxland with an exceptional place to work, a memorable place to stay or play, and a way for us to contribute to the region’s economy.”

The Journal’s Mason Dockter contributed to this story.

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Heidman Law Firm in Sioux City and Whorley Heidman Law Firm in Sheldon, Iowa, have announced the addition of four new associates.

Brandon Sanchez, originally from Portage, Indiana, earned his J.D. from Valparaiso University in 2007 and has a B.S. from Indiana University, Bloomington. Sanchez’s general practice includes, but is not limited to, creditors’ rights, collections, family law, juvenile law, criminal law and general civil law.

Br yan E . Shusterman, originally from Manchester, Maryland, earned his J.D. from the University of Iowa College of Law and has a B.A. in art history from Boston College.

Shusterman’s general practice includes, but is not limited to, business law, real estate law, and wills, trusts, estate planning and probate law.

Christopher J. Giitter, originally from Omaha, earned his

J.D. from the University of Nebraska College of Law and has a B.S. in Business Administration from Creighton University. His general practice area includes, but is not limited to, agricultural law, business law, municipal law, real estate law, and wills, trusts, Segura estate planning and probate law.

Daniel Segura, originally from Omaha, earned his J.D. from the University of Nebraska College of Law and has a B.S. in business administration from the University of Nebraska, Omaha. His general litigation practice includes torts, contracts, and landlord tenant law.

Warrior names sales manager Erin Doohen has been named the sales manager at Sioux City’s downtown Warrior Hotel.

She joins general manager Jeremie Slagle and director of sales and marketing Lila Plambeck. area brides through her bridal makeup business and most recently has been in the field of Doohen marketing and design.

The Warrior will be Siouxland’s first Marriott Autograph Collection hotel.

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Estate Planning Council appoints new board The Siouxland Estate Planning Council has appointed new board members and officers to serve during the 2019-2020 programming year.

They include: Chrystal Mollet, president; Anthony Lamb, vice president; Lynda Cruickshank, past president; Jordan Hermanson, secretary; Jeff Welsh, treasurer; Annette Goetsch, CPA representative; Karrie Hruska, membership; Dan Kriener, allied professional representative; Mike McAlpine, trust officer representative; Gregory G. Giles, insurance and financial advising representative; and Kent Vriezelaar, attorney representative.

Nearly 70 professionals from the tri-state area belong to the Siouxland Estate Planning Council (SEPC), which is affiliated with the National Association of Estate Planners & Councils (NAEPC), according to a press release.

Membership includes a diverse array of professionals working in Siouxland, including attorneys, accountants, bankers and trust officers, investment professionals, financial planners, insurance agents, farm managers, appraisers, and representatives from various charitable organizations.

For more information on the council or how to apply for membership, visit http://www.siouxlandepc. org/members/application.

Erickson joins National Tolerance Week board Kelli Erickson, sales manager at Powell Broadcasting, has joined the National Tolerance Week board of directors.

Erickson has more than 30 years of experience working with Sioux City media and nonprofit organizations. She also serves on the boards of the Ronald McErickson Donald House and the Sioux City Community Theatre.

Other National Tolerance Week board members include Jerry Weiner, Lou Ann Lindblade, Dr. Kimberly Greene, David Bernstein and Bob DeLoss. Tolerance Week has been held each spring in Sioux City since 2007, educating students and adults on dangers of intolerance, bullying and indifference, and promoting the concepts of healing, understanding and empathy.

The dates for 2020 are March 30 through April 3.

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Siouxland Business Journal, January 2020 7

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The Sioux City Convention Center held a ribbon cutting to showcase the new addition and renovations to Gallery C. Pictured are Ashlee French, catering and events sales manager; Mark Baltushis, general manager; Ivonet Torres, director of sales and marketing; Brooke Decker, sales coordinator; and Kaylee Langseth, sales manager. The more than $3 million in renovations will now offer more flexible space for events with enhanced ballroom amenities.

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Ace for Siouxland

South Sioux City indoor courts to add to local tennis scene, attract tournaments Tim Hynds photos, Sioux City Journal

From left, Wes Michaelson, Scott Bieber and Danny Graves are shown Dec. 16 in the reception area at the First Serve Tennis Center in South Sioux City. The facility, which features three courts, was expected to open by the end of December.

MASON DOCKTER

Business Journal staff writer

SOUTH SIOUX CITY – At a surprise birthday party for local tennis player Roger Bohnenkamp on Jan. 9, 2015, a group of area tennis enthusiasts were struck by a realization.

The state of indoor tennis in metro Sioux City was less than ideal.

“We got to commiserating on just how inadequate indoor tennis in Siouxland is, and we said, ‘Someone’s got to do something about it, and I guess it’s going to be us,’” said Wes Michaelson, president of the Siouxland Tennis Association.

Ahortly after that meeting, the association incorporated as a nonprofit, with plans build its own indoor venue.

Flash forward nearly four years: the First

Serve Tennis Center in South Sioux City is opening its doors by the end of December.

Construction began on the facility – with a projected price tag of $1.88 million – in May. By December, only the finishing touches remained to be completed on the 25,300-square-foot facility on the riverfront at 1500 Riverview Drive.

The climate-controlled facility has three indoor courts, each with dimensions suitable for Division I college tennis matches.

If and when college tennis competitions come to First Serve, it might be a boon to local restaurants, hotels and bars – much like the economic impact from the NAIA women’s volleyball and basketball tournaments at the Tyson Events Center in SIoux City.

Michaelson has already been in talks with

some local colleges about the possibility of hosting tennis matches there. To accommodate larger competitions, First Serve would probably need to expand – they’re already eyeing a possible expansion to six courts at some point in the future.

But a boost for local establishments could happen even without big competitions – having casual tennis players come in from out of town, on a trip they might not have made otherwise, would probably be good news for local eateries.

“There’s going to be very good participation levels, lots of people play, and then visit a restaurant for a beverage and a bite to eat,” Michaelson said.

A streamlined online court reservation system makes it easier for players to secure a space, and memberships are not required

(though membership does confer certain benefits).

The association spent months raising funds from the local tennis community and received a $363,000 grant from the state of Nebraska.

Before First Serve, there was only one place in Sioux City to play tennis indoors - the Four Seasons Health Club, which has two courts.

“Just two courts to serve a population of, our population area that we could draw from, about 163,000,” Michaelson said.

“The USTA (United States Tennis Association) has stats, in a climate like this, that about one court can be supported for every 10,000 residents. We ought to be able to easily support 16 courts.”

Michaelson said First Serve should help

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bring novice players into the fold. “We’re going to have the instruction programs for all the age groups,” he said.

Danny Graves, First Serve’s tennis director and head pro, agreed that the opening of the center is significant for the sport in the area.

“It could be huge for the tennis community, and not only for the community, but also for the city to get more kids involved in tennis,” Graves said.

The metro area already has a number of outdoor tennis courts, including at the public high schools and at Leif Erikson Park. But outdoor tennis has its limitations in Northwest Iowa.

“There are some beautiful days for outdoor tennis, but there are not many,” Michaelson said.

The winter months usually aren’t conducive for tennis, while the summer’s stifling heat can be dangerous – some of Michaelson’s tennis-playing acquaintances have suffered heat exhaustion playing outside during the past two summers.

Unsurprisingly, Michaelson said outdoor tennis participation “plummets” during the hot months.

“April, so many of the high school and college matches get snowed out, rained out, and they’ve got no alternative of where to go for the matches or the practices,” he added. “The month of June tends to be pretty nice outdoors, and then the oppressive heat and humidity of July and August, indoor tennis is absolutely preferable.”

Seth Hanson, a senior at East High School who has played tennis for the Black Raiders for four years, says he’s pretty excited about the new indoor courts, which will enable him and other local players to pick up their rackets without regard to the bitter cold, blowing snow, blistering heat or pouring rain.

Siouxland Business Journal, January 2020 9

From left, and Scott Bieber, Wes Michaelson and Danny Graves talk Dec. 16 in front of observation windows that overlook the tennis courts at the First Serve Tennis Center in South Sioux City.

“I’ve been looking forward to it since they first made the announcement,” he said. “I can play during winters, or when it’s weathered out.”

The First Serve Tennis Center is shown Dec. 16 on the riverfront in South Sioux City.

Underlayment cures Dec. 16 on what will become the tennis courts at the First Serve Center.

The South Sioux City indoor facility is nearing completion.

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CNOS recently held a grand opening for its new Morningside branch at 5708 Sunnybrook Court. Pictured are Dr. Brian Johnson, Dr. Matt Johnson, Nolan Lubarski,CEO; and Dr. Ray Sherman. The new location features expanded physical and occupational therapy facilities, digital imaging and exam rooms.

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Siouxland’s only exclusive body waxing studio, The Wax Room, celebrated becoming a Chamber member with a recent ribbon cutting. Pictured are owner Megan Lamplot, Samantha Orton and Emily Doerneman. Located at 819 Gordon Drive, the Wax Room offers an array of services. A second location is set to open in Okoboji in May 2020.

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ChamberAnniversaries

Wells Enterprises hosted the Siouxland Chamber of Commerce’s Rush Hour Connect on Nov. 22 at Wells’ newly expanded employment office at 4501 Southern Hills Drive in Suites 13 and 14. Pictured are Lesley Bartholomew, Wells’ director of communications; Heidi Reinking, Chamber director of investor relations; Don Claeys, Siouxland Chamber ambassador; and Jerry Garcia, Wells talent acquisition.

Guests enjoyed a sweet treat.

Designed with convenience in mind, Wells’ talent acquisition team is there to help potential employees apply for a position, interview for that position, and conduct any related testing.

The following are observing anniversaries as Siouxland Chamber of Commerce investors.

120 YEARS - 1900 THORPE AND COMPANY JEWELLERS Rusty Clark Sioux City 70 YEARS – 1950 DIOCESE OF SIOUX CITY R Walker Nikless Sioux City 50 YEARS – 1970 ARTHUR J GALLAGHER RISK MANAGEMENT SERVICES INC. Steve Schultz Sioux City CF INDUSTRIES NITROGEN LLC Nick DeRoos Sergeant Bluff, Iowa CORBETT ANDERSON CORBETT & VELLINGA Mindy Kinnaman Sioux City ECHO ELECTRIC SUPPLY Josh Smith Sioux City ENGLESON ABSTRACT CO. John R Slump Sioux City GELITA USA INC. Rob Mayberry Sioux City GERKIN WINDOWS & DOORS Steve Schneider South Sioux City HEIDMAN LAW FIRM Daniel Dykstra Sioux City KALINS INDOOR COMFORT Bruce Kalin Sioux City KCAU-TV John Curry Sioux City KLASS LAW FIRM LLP Tim Clausen Sioux City KLINGER COMPANIES INC. John Gleeson Sioux City KNOEPFLER CHEVROLET CO. Ben Knoepfler Sioux City KTIV-TV Bridget Breen Sioux City L&L DISTRIBUTING CO. INC. Charles Lanphier III Sioux City MILLER BROTHERS FURNITURE Justin Miller Sioux City NOVELTY MACHINE AND SUPPLY CO. John Olson Sioux City PECAUT INVESTMENT MANAGEMENT Dan Pecaut Sioux City PIONEER-WOOLDRIDGE INSURANCE Dennis Jensen Sioux City PURINA ANIMAL NUTRITION LLC Greg Miller Sioux City ROSENTHAL FOODS CORPORATION Brent Rosenthal Sioux City SIOUXLAND UROLOGY ASSOCIATES Greg Haar Dakota Dunes, S.D. SUNRISE RETIREMENT COMMUNITY Hallie Salmen Sioux City TEGRA CORPORATION

Doug Palmer Sioux City TRI-STATE DENTAL LAB Scott Briggs Sioux City WELLS ENTERPRISES INC. Mike Wells Le Mars, Iowa WESTERN IOWA TECH COMMUNITY COLLEGE Terry Murrell Sioux City WILLIAMS & COMPANY CPA PC David Radke Sioux City XPO LOGISTICS Eric Carlson Sioux City

20 YEARS – 2000 BANKFIRST Mark Osborne South Sioux City SIOUXLAND DISTRICT HEALTH DEPARTMENT Kevin Grieme Sioux City

35 YEARS – 1985 JUNIOR LEAGUE OF SIOUX CITY Katie Kruse Sioux City MCCLINTOCK INSURANCE INC. Timothy J. McClintock Sioux City

10 YEARS – 2010 TRI-STATE SPECIALISTS LLC – PLASTIC SURGERY Lee Hilka Sioux City

15 YEARS – 2005 CONTANDA LLC Mark Paulsen Sioux City FRANCES BUILDING LLC Brad Cummings Sioux City SIOUX CITY GROWTH ORGANIZATION Kalynn Sortino Sioux City

5 YEARS – 2015 BUCHHEIT LAW, PLC Lindsey Buchheit Sergeant Bluff CD NORVELL, PC Chris Norvell Sioux City CENTURY 21 PROLINK/JASON GEARY Jason Geary Sioux City WELLS ENTERPRISES INC. SIOUX CITY OFFICE Lisa Newton Sioux City

30 YEARS – 1990 SNEAKY’S Christy Ferris Sioux City 25 YEARS – 1995 1ST FINANCIAL BANK USA Tim Berger Dakota Dunes, S.D. METRO ELECTRIC Dave Gill Sioux City

ChamberInvestors FOOD DUDES DELIVERY Ryan Berk Sioux City PEACHY CLEAN Daniela Hernandez Sioux City PCS BUILDING SERVICES Daniel Thompson

Sioux City GEHLING OSBORN LAW FIRM, PLC Emilee Gehling Sioux City QUICK CABS SIOUX CITY Levi Moore Lawton, Iowa HAMILTON RESTORATION

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Sioux City Convention Center debuts new addition, renovations DOLLY A. BUTZ

Business Journal staff writer‌

SIOUX CITY – A new addition and renovations to Gallery C were recently unveiled at the Sioux City Convention Center.

The more than $3 million in renovations include more flexible space for events, enhanced ballroom amenities and convenient restrooms.

“We have enjoyed our partnership with the City of Sioux City while operating the Convention Center,” said Bruce Kinseth, Kinseth Hospitality executive vice president. “The work to the facility is a great benefit to the entire city. We look forward to continuing our partnership and creating memorable experiences for all of our guests.”

Kinseth Hospitality Inc., a North Liberty, Iowa-based company, manages both the Convention Center and the 150-room Courtyard by Marriott Hotel that is being built next door by a private developer in the former Convention Center parking lot. The hotel, which is nearing completion, will feature a bistro and bar, as well as a business and exercise center to accommodate community functions, social events, business and conventions.

In the fall of 2018, work began on converting 7,500 square feet of current Convention Center space into a ballroom for events and constructing a new 7,260-square-foot “prefunction” space that attaches to the five-story Courtyard by Marriott Hotel. The Sioux City Council awarded the Convention Center contract to L&L Builders after rebidding the project, which initially came in nearly $1 million over budget.

Since it was built in 1988, the Convention Center has hosted thousands of events. According to the City of Sioux City, the new space will help market the facility and draw additional events, resulting in additional hotel/motel and sales taxes.

T h e Co nve n t i o n Ce n te r builds upon other recent downtown projects, including the

Renovations to the Sioux City Convention Center’s Gallery C have been completed.

A new addition and renovations to Gallery C, above and at right, were recently unveiled at the Sioux City Convention Center.

reconstruction of Interstate 29, stockyards revitalization, enhancements to the riverfront

and the ongoing development of new housing, historic districts and amenities.

Jesse Brothers photos, Sioux City Journal

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Co-owners Karla Hertz and Dick Salem recently announced that Salem Real Estate is now RE/MAX Preferred and RE/MAX Commercial, with the Salem name remaining for property management. The office also has relocated to 700 Pierce St. on the first floor of the Pioneer Bank Building. Pictured in front: Karla Hertz and Dick Salem. In back: Mary Wilkens, Amy Kakacek, Angela Timmons, Judy Hegstrom, Todd Nashleanas and Trevor George.

Siouxland Business Journal, January 2020 13

The Siouxland Chamber officially welcomed Little Red Embroidery Company as a new member with a recent ribbon cutting. Owner Jennifer Rassel is pictured with her daughter (the inspiration for the company name) and staff. Located at 406 Fourth St., Suite A in Sergeant Bluff, Little Red Embroidery provides custom quality embroidery, screen printing, ad specialty products and personalized gifts.

PREPARING TO BUY A HOME IN 2020 Congratulations. You’ve decided to buy a home this year.

Purchasing a home can yield many benefits. Not only will you enjoy the pride of homeownership, real estate appreciates in value and there are tax incentives available. For most people, a home is the biggest purchase in their lifetime. If you’re ready and willing to become a home owner this year, the following tips can help you confidently purchase the best home for you.

Mike Clausen HBA President Contractors Supply

Evaluate your finances One of the first steps in homebuying is knowing your credit score. When you learn your credit score it will help determine the interest rate and associated costs you pay on a mortgage loan. In general, the higher your credit score, the lower the interest rate you’ll qualify for. You’ll also need to research how much house you can afford. Talking to a qualified lender can help you determine your price range. Another key step when you are crunching the numbers is to

set a down payment goal. The myth remains that you must put down 20 percent to move forward with your purchase. There are options for home owners available to put down less than 20 percent, such as a Federal Housing Administration loan.

afford realistically. A good rule of thumb is that your total monthly home expenses should not exceed more than one-third of your gross monthly income.

Home buying expenses are not limited to your down payment. Do not forget to determine how much you need to cover loan fees and closing costs.

Take an assessment of your needs If you are firm in your decision to buy a home this year, it is likely because you have a specific reason to purchase one. While it may seem like an obvious line of reasoning this will help you determine your needs and wants and create a “must haves” list. When you put pen to paper and outline what you need in your new home, this will save you time when you are ready to start looking. Your next home may not meet every single item on your priority list, so you must decide on what factors you can compromise on and how you can realistically stay within your budget.

Sell Your Current Home If buying your home this year is contingent upon selling your home, you should be prepared if the timing doesn’t align perfectly. Another consideration is to make sure you have sufficient funds on hand if you are unable to have concurrent home closings. A real estate agent can help you navigate the transitions. A buyer or seller market makes a difference timing the transaction and a real estate agent can shed light on local market factors.

Set a budget Your home buying budget should not be set based on what your maximum loan approval amount. As the buyer, you are the best judge of what you can

712-255-3852 | siouxlandhba.com

Visit siouxlandhba.com to find a local real estate agent who can help you find out about homeownership opportunities in the Siouxland area.

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Siouxland Business Journal, January 2020

Vision Care Clinic recently celebrated the grand opening of its new location at 1909 Hamilton Blvd. Pictured are Dr. Scott Beecher, Dr. Steve Brownmiller and Dr. John Kiernan.

Vision Care Clinic has 10 locations and seven optometrists in western Iowa. Kiernan and his staff will be merging with Vision Care Clinic in their new location on Hamilton Boulevard.

Moore Bonding Company recently opened a Sioux City/Lawton office at 1909 Hwy 20 to better serve western Iowa counties. Pictured are owners Keely and Kelly Moore, along with other family members. Moore Bonding is a family-owned bail bond company that has operated for more than 30 years.

Pre-Own CubiCles

New & Pre-own

Delivering supplies to your office everyday!

1-800-658-4072 www.eakes.com

www.siouxlandbusinessjournal.com

Office Furniture Option 1803 4th St., Sioux City, lA

99

Siouxland Home Show Thurs & Fri: Feb. 27th & Feb. 28th, Noon - 8PM Sat: Feb. 29th, 11AM - 8PM Sun: March 1st, 11AM - 4PM

Sioux City Convention Center

$ Add Drawer Pedestals, Pencil Drawers and Shelves

Starting at

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Visit us online at www.siouxlandhba.com for a complete list of members or e-mail us at hbasooland@siouxlan.net

3900 Stadium Dr., Sioux City, IA | 712-255-3852

Kohler Kitchens

Renovating your kitchen or bathroom is one of the smartest ways to increase the value of your home, as well as your day-to-day enjoyment of it. Visit our online gallery today to explore the possibilities for yourself, and chat with a design expert about the right remodeling fit for your needs and budget.

322 West 7th Street • Sioux City, IA • 712-258-3388 • foulkbrothers.com

www.siouxlandbusinessjournal.com

Siouxland Business Journal, January 2020 15

The bottom line.

Make your business great.

A successful business needs a sound credit program to meet short-term challenges and longterm goals. We will work with you to develop a credit program that is individualized and innovative.

We have a solution that’s right for you.

• Operating Lines of Credit • Equipment Financing • Real Estate Loans • Interim Construction Loans • Letters of Credit • Small Business Loans • Cash Management Products

Sioux City: 839 Gordon Dr. 712.522.4430 Find more great locations at GreatWesternBank.com.

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Siouxland Business Journal, January 2020

www.siouxlandbusinessjournal.com

SIOUXLAND’S #1

COMMERCIAL TEAM Source: Northwest Iowa Regional Board of Realtors – 2018 Production

Nathan Connelly Commercial Associate 712 203 1620

Beau Braunger CCIM Senior Associate 712 251 8276

Colonel Krage Senior Associate 712 251 1451

Erin Hoekstra

Commercial Associate 712 898 8372

Chris Bogenrief SIOR, CCIM, MBA Broker 712 204 6261 ALL AGENTS LICENSED IN IOWA, NEBRASKA & SOUTH DAKOTA

Individual Members:

Beau Braunger

nathan connelly

Nathan and his wife Heidi have their hands full with their two year old, Cooper Connelly. They recently moved to Dakota Dunes and are enjoying their new neighborhood. Nathan is still coaching high school basketball at Dakota Valley. He enjoys the time he gets to spend with the youth in his community. Going into his 7th year in real estate brokerage, Nathan has enjoyed working with buyers and sellers on their commercial real estate deals.

2019 was an especially busy year for Beau.

Besides being the 4th highest producer in the Northwest Iowa Regional MLS, Beau held the office of president for the Iowa CCIM Chapter. When he isn’t working a deal or acting presidential, Beau is paying it forward.

He is an active board member for many area charities and organizations, including The Boys and Girls Club of Siouxland.

chris BogenrieF

Joy & Chris are very blessed & proud of their 3 kids! Blake grew up fast this year, graduating as a Hawkeye in May, starting work at CBRE Hubbell in Des Moines in June and marrying Madi Peck in July.

Benjamin is a junior studying business @ ISU and still dates Julia, his sweetheart he met on our ’18 cruise to Cuba. Adeline had a “queen” sweep at Bishop Heelan this year; being named queen of Homecoming & Madrigal. Adi also made the Iowa All-State Chorus for the 2nd time. Joy loves teaching guided reading at Sacred Heart & Chris completed his 7th & final year on the Bishop Heelan school board, most recently as past president.

Becky Fitchner

Becky had a full and exciting year. She was able to attend The NAI Upper Midwest Region meeting In June which was held in Minneapolis and included a Twins game. Becky also attended the NAI Global National Convention in Las Vegas. The series of marketing meetings at convention she attended offered many new ideas, techniques, and strategies. In one marketing session, Becky earned a Social Media Certification. The year ended on an even higher note for the Fitchner family with the arrival of grandson #3, in late November.

roBin Venaas Robin has kept busy implementing new software applications, fine-tuning office procedures, and providing support to a great group of commercial agents. She and husband Roger visit their kids & grandkids as often as possible, and are excited to greet another new grandchild who is expected to arrive in April, 2020. Robin continues to give flute lessons from her private flute studio and enjoys performing with the Sioux City municipal band and the Sioux City Symphony.

erin hoekstra

Erin is finishing up her 2nd year in Brokerage.

2019 was a special year, as NAI United Business Brokerage was founded and Erin was named President. She keeps busy professionally as a board member of the Iowa CCIM Chapter and a member of CREW Iowa. On a personal level, Erin serves on the Youth Purple Panther Volleyball Board and 5678! All Star Booster Club Board. Erin is proud to be a supporter of her daughters’ activities, Audrey with dance and Carsyn with volleyball.

colonel krage

Society of Industrial and Office Realtors

Certified Commercial Investment Member

International Council of Shopping Centers

International Business Brokers Association

Colonel renewed his 1963 Iowa real estate license for another 3 years. Is there no end for Colonel? So many years in residential real estate, now many years in commercial real estate and numerous land acquisitions for un-named developers. He still enjoys working with buyers and sellers. Colonel and his wife, Jeanette have been married for 56 years and have been blessed with 5 children, 7 grandchildren and 1 great grandchild.

nic Madsen Nic had a whirlwind year! He went from college student, to Morningside College graduate, to Director of Property Management and Commercial Associate.

Nic is putting his vast wrestling experience to use by coaching youth wrestlers at Dakota Valley. Nic looks forward to crushing it in his new Caddy in 2020!

Buying • Selling • Leasing Property Management Business Brokerage

400 Gold Circle Drive, Dakota Dunes, SD 712 224 2727 www.naiunited.com

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