Posts filed under ‘Programs | Events’
13th Annual Opus Cup Supports Catalyst Community Partners
The Opus Cup returns on Wednesday, May 2, from 3:30-5:30 p.m. at Braemar Ice Arena in Edina. Bring your friends and family for a free afternoon of fun and entertainment! Enjoy free refreshments while cheering on local industry brokers as Team Lau tries to take the title from Team Jet. Enter the Chuck-a-Puck during both intermissions for a chance to win a $200 gas card, courtesy of bdh + young, or a $200 Visa gift card. Attendees can also purchase $5 raffle tickets for a chance to win four Champion’s Club Twins tickets.
All brokers with less than five years of industry experience will be entered in a drawing to win lunch-with-an-industry-veteran – Tim Murnane or Tom Shaver. Two lucky brokers will win this prize!
All proceeds will be donated to Catalyst Community Partners, a local non-profit organization working to revitalize key commercial corridors in distressed urban neighborhoods, and NAIOP Minnesota’s current charitable partner. For more information, please contact Kristin Weise at 952.656.4781 or kristin.weise@opus-group.com.
Law & Leasing: Broker Intent – Full Video
The full video from the November 15 Office Market Report program.
Improvement for the industrial market?
By Mitch Simonson, Integra Realty Resources
The 2011 NAIOP Minnesota Industrial Market program provided an entertaining and informative session with a steady mix of humor and insight. The afternoon program commenced with a series of video interviews conducted by Casey Hankinson of Ryan Companies asking Minnesota Twins players and coaches the following question: what is the correct pronunciation of NAIOP? A brief overview of the industrial submarkets was then provided by the industrial broker specialists detailing annual absorption and vacancy trends. The overall Twin Cities market vacancy declined slightly to 12.2% which was helped by about 1.01 million square feet of positive absorption. It was noted the positive absorption figure was partially buoyed by a roof collapse over the winter, and two significant month-to-month leases which accounted for over half the absorbed space. (more…)
Video: Casey Hankinson talks commercial real estate with the Twins
Video from NAIOP Minnesota’s AT THE MOVIES with the Industrial Market program on June 9, 2011.
Video: Go on a tour with John McCarthy and industrial vet Jim DePietro
Video from NAIOP Minnesota’s AT THE MOVIES with the Industrial Market program on June 9, 2011.
Exclusive video from Dan Spiller program
We asked and he answered…
Watch the video below for Dan Spiller’s take on what part of the economy concerns him most and key take-aways for the commercial real estate community.
Spiller is a senior vice president in U.S. Bancorp’s corporate treasury department. Thank you to NAIOP members Ben Krsnak of Hempel Properties and Whitney Peyton of CB Richard Ellis for sharing their impressions with us.
Opportunity in Chaos
By Noel Labine, Wright County Economic Development Partnership
Just like the Minnesota champion skier Lindsey Vonn, who ended up winning a gold medal because the leading contender was disqualified, any of us could have a similar chance in today’s real estate market. The NAIOP February program, Opportunity in Chaos, focused on just those types of scenarios.
Have a story to tell about finding opportunity in chaos? Click the ‘add comment’ link below to share.
Is there opportunity in times of change and turmoil? To explore that question, Rick Collins of Ryan Companies moderated a panel at the monthly program on February 16. The robust panel, all veterans to the commercial real estate industry, included Steve Wellington, president of Wellington Management and a Yale graduate in English literature; Michael Salmen, president and founder of Equity Commercial Service, Inc. (now part of Transwestern), with an accounting degree from St. Thomas University; and Eva Stevens, vice president of finance for United Properties with an accounting degree from Mankato State College.
What new products have you used or developed to deal with the current business climate?
Eva Stevens started by explaining United Properties’ investment in a structured lease program. As a foundation for this approach, they did a retail market analysis of 145 different businesses in their market area. Now they have a tool that can do projections of potential tenant markets. Steve Wellington said they were studying distressed properties and looking at opportunities to acquire properties well below their long-term investment value. They also are considering investing in energy efficiencies in properties that they currently own. (more…)
Awards of Excellence Photos
Almost 400 people attended the January 21, 2010 Awards of Excellence event at the Metropolitan Ballroom. Click “more” link below for the full gallery featuring pictures of chapter leaders, award winners, presenters and attendees.
What to expect in 2010? A Look Back at the NAIOP 2009 Office Update
(Above: Moderator Jim Damiani, Welsh Companies)
By Andy Hunt, UGL Equis
With 2010 underway, now is a great time to look at the current commercial real estate landscape as we start the year ahead.
On Wednesday, November 18, NAIOP Minnesota members packed the ballroom at the Sheraton Bloomington hotel to get an update on the metro-wide office market. A panel of eight industry experts, including moderator Jim Damiani of Welsh Companies, gave recaps of activity over the last 12 months as well as predictions for 2010.
Overall, each panelist agreed that the current market is the toughest in decades. Market vacancy is currently at 18.5%, the highest since 1992, and it is expected to climb. An overall flight to class A properties is one highlight of the market, leaving vacancies for class A properties at 16% while Class B and C properties sit closer to 20%. Absorption has also reached its largest negative level since 2002, at (1,606,254) square feet. Finally, Damiani pointed out that the biggest obstacle we face today is our lack of capital and access to capital.
The news was not completely grim, however, as Damiani opined we are most likely closer to the end of this recession than to the beginning. In addition, some submarkets have shown more resiliency than others as the recession has dragged on. (more…)
DL Politics and Parfaits event unlocked secrets to legislative involvement for career success
By Katie Kieffer, DL Committee Chair
Politics isn’t just for geeks and political junkies – it’s for normal people who want to have a say in the issues that impact them and their customers. Politicians are particularly tuned in to young people, and there are multiple tools that make it easy for DLs to contact their elected officials. These are a few of the lessons the DLs learned during our inaugural DL Politics and Parfaits breakfast panel featuring:
Jean Kane: President and Chief Operating Officer of Welsh Companies. Jean is a Past President of NAIOP Minnesota and currently serves as the Vice Chair of Government Affairs for NAIOP Corporate.
Pat Mascia: Senior Vice President for Duke Realty. Pat is NAIOP Minnesota’s 2009 Public Policy Committee Chair.
Julie Perrus: Associate with the law firm of Larkin Hoffman Daly & Lindgren. She is a member of the firm’s Government Relations and Land Use & Real Estate practice groups. She is Co-Chair of the Advocacy Committee of the U.S. Green Building Council Mississippi Headwaters Chapter and provides pro bono lobbying services to the organization. (more…)
