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Fifth Street Towers

Fifth Street Towers

Fifth Street Towers is a LEED Gold, Energy Star® certified, two-tower Class A office complex conveniently located at the confluence of bus and light rail transit systems in downtown Minneapolis. The 100 Tower, built in 1984, consists of 25 stories and the 150 Tower, built in 1988, consists of 36 stories. The towers are connected at the base by a contemporary lobby with multiple skyway access points, linking the property to all the attractions and conveniences of Minneapolis’ central business district.

Speakers and Panels

Janice Linster
Moderator

Janice Linster

FASID, CID, LEED AP, Principal

DLR Group

Janice Linster

Moderator

DLR Group

A Minneapolis resident and graduate of the University of Minnesota’s College of Design, Janice has focused her more than 30-year career on the design of interior environments. As a Principal with the global design firm DLR Group, Janice is passionate about promoting the linkages between space, people, business, and the environment. Her push to challenge status quo and uncover the greater relationship between global influences and design solutions drives her research and national presentations on best practices in design and elevating the occupant experience. Janice’s ongoing education in both business and design focuses on ethnography, design thinking, and well-being. Her significant contributions to the profession and the community have seen her serving on both the local and national board for the American Society of Interior Designers; she was inducted into the council of Fellows in 2011. She has served as a board member for Minnesota’s State Licensing Board for the design and engineering professions; a national board member for InformeDesign; a national board member for the University of Minnesota Alumni Association; President and board member of the University of Minnesota College of Design Student and Alumni board; and Advisory board member for The Women’s Business Center. Prior to joining DLR Group, Janice was a principal and one of the founding partners of the interior architecture firm, Studio Hive, Inc.

Downtown Update

Mike Ryan

Mike Ryan

Market Leader North Region and President

RYAN A+E, Inc.

Lisa Bender

Lisa Bender

Council President

Minneapolis City Council

Erin Wendorf

Erin Wendorf

Principal

Transwestern

Rick McKelvey

Rick McKelvey

Vice President, Development

United Properties

Chris Osmundson

Chris Osmundson

Director

Onward Investors

Jim Damiani
Moderator

Jim Damiani

Executive Managing Director

Newmark Knight Frank

Mike Ryan

Market Leader North Region and President

RYAN A+E, Inc.

As Market Leader, Mike provides leadership and direction to the development, construction, real estate management and capital markets teams that make up Ryan’s North Region. He supports these teams by providing strategic vision in the selection of projects that best align with Ryan’s expertise and future goals to determine the best investment of time and resources. Cultivating key relationships with and presenting solutions for with our most valued customers is highest priority.

As the President of Ryan A+E, Mike provides select leadership and vision for Ryan’s national architecture and engineering practice. He has grown Ryan’s A+E practice to record volumes as he’s led a talented team of professionals in creating innovative design solutions for Ryan customers nationwide and across a wide range of product types.

Mike’s focus is on fully maximizing Ryan’s collective insights from the early design and financial strategy stages all the way through to building and asset management, while promoting the greatest level of integration among Ryan’s service offerings. Underlying his efforts is a constant is a drive to foster and support the culture that is the hallmark of Ryan.

Erin Wendorf

Principal

Transwestern

Since 2005, Erin has focused on delivering real estate solutions to commercial real

estate investors and users in the Minneapolis market. She executes a strategic

hospitality and workplace trends approach toward real estate service delivery. This

philosophy employs targeted marketing efforts to achieve measurable results. She

specializes in developing a tailored plan for each client, providing up to the minute

market intel and advisement based on the economic and marketing goals of each

asset. Prior to joining Transwestern, Erin was with CBRE for 7 years.

Rick McKelvey

Vice President, Development

United Properties

As vice president of development, Rick’s primary responsibility includes the

development of mixed-use, medical and retail properties primarily in the Twin Cities,

and greater Minnesota market. In this role, he leads the project teams through land

acquisition, due diligence, municipal approvals, design and construction coordination,

and leasing or sale of the project upon stabilization.

Past Experience

Having worked previously as a general contractor for 11 years Rick brought extensive

construction experience and insight when he joined United Properties as vice president

of development in 2013.

Education

Rick earned a Bachelor of Science degree in construction management, with a minor in

business administration from North Dakota State University.

Professional and Community Involvement

Rick is a LEED Accredited Professional and is a member of the Minnesota Shopping

Center Association (MSCA), International Council of Shopping Centers (ICSC), Twin

City Healthcare Engineering Association (TCHEA) and is certified by the American

Society for Healthcare Engineering (ASHE).

Chris Osmundson

Director

Onward Investors

Chris joined Alatus in July of 2015.

As Development Director, Chris is responsible for leading the Alatus commercial and multi-family real estate development portfolio of projects through all facets of the development cycle. This includes project sourcing, initial financial modeling and feasibility analysis, entitlement and approvals processes, design and architectural review, and construction overview and progress tracking, as well as debt and equity placement and execution. Projects currently in Alatus’ pipeline include 12th Street Tower project near the Convention Center, 200 Central Condominiums, in Northeast, and Rice Creek Commons, a master redevelopment of the Twin Cities Army Ammunition Plant in Arden Hills.

Prior to joining Alatus, Chris was a Development Associate with Dominium Development & Acquisition. There, Chris worked to close multiple projects, mainly in affordable housing programs including Section 42 LIHTC and Section 8.

Chris is a graduate of the University of Wisconsin – Madison, Wisconsin School of Business. Chris is also actively involved in the University of Wisconsin Real Estate Alumni Association (UWREAA) and Urban Land Institute. Chris has recently joined panel discussions including Rochester and the DMC initiative, condo market viability in the Twin Cities market, and was a juror for the AIA Merit Awards for 2017.

Jim Damiani

Moderator

Newmark Knight Frank

Jim Damiani, CCIM, SIOR, is a tenant advisory office specialist in Newmark Knight Frank's Minneapolis-St. Paul office and a designated broker for Minnesota brokerage operations. An established industry leader, Mr. Damiani is among the most successful and widely recognized market leaders in the Minneapolis commercial real estate market. Mr. Damiani teams with Ryan Bohrer, Andrew Commers and Maura Carland to provide their clients with the very best financial and employee solutions. The team has more than 70 years of experience, specializing in tenant/buyer representation for local and national firms in Minneapolis-St. Paul and its surrounding suburbs. The team gets to know each of its clients and understand their wants and needs before tailoring plans for them using a methodical yet nimble approach, all while building rapport and trust. Prior to joining NKF in 2017, Mr. Damiani was a senior vice president at Colliers International, where he was a 16-time Office Salesperson of the Year. His numerous industry recognitions also include Minnesota Commercial Association of Realtors (MNCAR) Broker of the Year and Volunteer of the Year, CoStar Power Broker, Minneapolis Business Journal 40 Under 40 Winner and many more. Additionally, Mr. Damiani is the former chairperson of the City of New Hope Planning Commission and is a frequent speaker/moderator for numerous industry organizations including MNCAR, NAIOP, CCIM, SIOR, Bisnow and Building Owners and Managers Association International (BOMA).

Mixed-Use & Suburban Communities

Brent Rogers

Brent Rogers

Founder

Saturday Properties

Todd Novak

Todd Novak

Senior Market Segment Leader

Mohagen Hansen

Pete Deanovic

Pete Deanovic

Founding Principal

Buhl Investors

Bill Neuendorf

Bill Neuendorf

Economic Development Manager

City of Edina

Bill Griffith
Moderator

Bill Griffith

Shareholder

Larkin Hoffman

Brent Rogers

Founder

Saturday Properties

Brent Rogers formed Saturday Properties in 2015 to provide boutique property management

and development services to the thriving Minneapolis multifamily and mixed-use industry.

Today Saturday manages four properties with additional developments coming online in 2016

and 2017.

Development Experience:

A development veteran with over 15 years as project manager and owner, Brent Rogers

searches for new development and acquisition opportunities, contracting with 3rd parties for

engineering and design, securing financing, and managing the construction process for new

development projects.

Prior to forming Saturday, Brent was President and co-owner of Greco Properties. After

starting Greco Properties with his business partner in 2007 with one employee, Brent led the

company’s growth to more than 50 employees managing more than 1,000 apartment units and

100,000 SF of commercial/retail.

Projects

The Maytag Building, a historic rehab located in Minneapolis’s revitalized North Loop

neighborhood. Developed by Saturday, The Maytag offers 40,000 sq ft of office and retail. It is

financed through Bridgewater Bank and utilizes Historic Tax Credits. The Maytag is currently

under construction with completion scheduled for Spring 2017. (Project Size $12,000,000)

Hello Apartments of Golden Valley will come online in spring 2017. On his second project

with developer Continental Property Group, Brent Rogers acts as development consultant

along with Saturday as the management company for Hello’s 172 units. (Project Size

$35,000,000)

Coming spring 2018, The K/A Downtown Block Redevelopment in the Elliot Park

neighborhood will rise 17 stories and hold 306 units. Brent Rogers was hired as development

consultant along with Saturday as the management company by Kraus Anderson. (Project Size

$82,000,000)

Lime Apartments in the Lynlake neighborhood of Minneapolis. Developed by Greco and

currently managed by Saturday, Lime is a new construction mixed-use project with 171

apartments and 8,000 SF of commercial retail. Lime is a Joint Venture with ASB Capital

(Project Size $36,000,000)

Historic redevelopment by Greco of the Precision Building in the North Loop of Minneapolis

resulted in ElseWarehouse Apartments, a mixed-use project with 116 apartments and 19,000

SF of commercial/retail with a construction loan from TCF. (Project Size $32,000,000)

Development consulting, leasing, and property management for Vue Apartments in the Loring

Park neighborhood of Minneapolis. Vue is a 119 unit boutique market-rate development that

was developed by Continental Property Group (CPG). Vue was sold to Weidner at stabilization

at a record-setting per-unit price. (Project Size $26,000,000)

Flux Apartments in the Uptown neighborhood of Minneapolis developed by Greco and

currently managed by Saturday. Flux is a 216-unit market rate housing project that is a joint

venture with the AFL-CIO Building Investment Trust. (Project Size $38,000,000)

Towerlight Senior Living in St. Louis Park, Minnesota developed by Greco. A mixed-use

project with 115-units of Independent/Assisted Living/Memory Care facility with FHA Section

232 Financing (Project Size 23,000,000)

Nine Mile Creek Senior Living in Bloomington, Minnesota developed by Greco. A 93 unit

Independent/Assisted Living/Memory Care facility with FHA Section 232 Financing (Project

Size $16,500,000)

Blue Apartments in Minneapolis, Minnesota developed by Greco and currently managed by

Saturday. Blue is a 242-unit mixed-use project with 12,500 SF of neighborhood retail with

financing from ASB Capital and Guardian Life Insurance Company (Project Size $50,000,000)

Professional Affiliations:

Urban Land Institute (ULI)

Minnesota Multi-Housing Association (MHA)

University of Wisconsin Real Estate Alumni Association (UWREAA)

Education:

University of Wisconsin

Madison Real Estate and Urban Studies & Risk Management and Insurance.

Todd Novak

Senior Market Segment Leader

Mohagen Hansen

Todd Novak, AIA Todd is a Registered Architect with over 10 years of planning and design expertise. He brings to each project a passion for design, and depth of experience in Mixed-Use, Healthcare, Historic Renovation, Corporate, and Hospitality markets, making him a valuable resource to the team. He loves chasing the next project and building client relationships as much as he enjoys sitting down and designing as part of a collaborative team. Notable projects worked on by Todd include the Landmark Pillsbury A-Mill Artist Lofts in Minneapolis, and the new Aurelian Tower in Chicago. He is currently the Project Manager and Architect for the Market Street Mixed Use Development currently underway in Edina, MN.

Pete Deanovic

Founding Principal

Buhl Investors

Mr. Deanovic is a founding principal of Buhl Investors. His responsibilities encompass many phases of the investment process, including acquisitions, financings, and dispositions. Prior to joining Buhl, Deanovic was one of four investment managers that directed North American Real Estate investment activity for CarVal Investors. His commercial real estate experience spans multiple markets and product types.

Mr. Deanovic holds a B.B.A. in Real Estate and Urban Land Economics from the University of Wisconsin - Madison. He is an active board member of the Wisconsin Real Estate Alumni Association, a former speaker at IMN's Real Estate Private Equity conference and a former board member of Young Ambassadors for Opportunity, an international micro-finance organization.

Bill Neuendorf

Economic Development Manager

City of Edina

Bill has served as the City of Edina’s “Economic Development Manager” since 2012. In this

role, Bill works several business-related projects. His current focus is on commercial

development projects and public improvements that bring long term value to the community.

With degrees in engineering and urban planning, Bill brings years of experience in both the

private and public sectors to the City’s staff.

For the first ten-years of his career, Bill assisted real estate developers and architects to build

exceptional projects throughout the U. S. Highlights include Triangle Town Center and Streets

of Southpoint (North Carolina), Country Music Hall of Fame, Peabody Place, Detroit Orchestra

Hall, City Place (West Palm Beach), Miami International Airport, and Four Seasons Hotel.

After obtaining his Master’s degree from the University of Illinois-Chicago, Bill focused on

economic development strategies and revitalization of established neighborhoods and first-

tier suburbs. His work with the City of Chicago yielded strong experience in the use of tax

increment funding and other business incentives. Later as Director of Community & Economic

Development for a first-ring suburb of Chicago, he completed a Development Framework Plan

to guide the redevelopment of a 78-acre mixed use neighborhood and helped broker

partnerships to secure growth commitments from local businesses.

Bill and his family moved to Edina in 2010. Despite lobbying by many Minnesota natives, Bill

maintains his loyalty to the Green Bay Packers.

Bill Griffith

Moderator

Larkin Hoffman

Bill Griffith is a shareholder for Larkin Hoffman in the firm’s real estate and land use practice group. He practices extensively in land use, zoning, real estate, environmental permitting and municipal law. Bill has served as legal counsel to Mall of America for more than 20 years and also serves as city attorney for the city of Columbus. In addition to his practice, he has been an adjunct professor in land use law at the University of St. Thomas School of Law. Bill has published articles and guest commentary in Urban Land, Minnesota Business, Minneapolis Star Tribune, St. Paul Pioneer Press and the Minnesota Real Estate Journal, and is a frequent speaker at seminars on land use, zoning, municipal and environmental law.

Summary

1) What would Gov. Mark Dayton’s $1.5 B in bonding projects mean for Minneapolis economy and the CRE market?

2) What does the new Mayor’s pro-density agenda mean for Minneapolis CRE market?

3)What’s driving foreign investment into the US’ "coldest city" where do we expect the next record breaking deals to take place, and will activity keep pace with expectations?

4) What are Minneapolis’ top developers doing to attract top tenants and how does the ensuing amenities arm race complemented by public policy?

5) How are first tier suburbs responding to the development boom and making way for rejuvenated mixed-use development, retail and office, while providing new community public spaces?

Venue

Fifth Street Towers
150 S 5th St,
Minneapolis, MN 55402

Floor: 17th Floor


Underground parking available at 100 South 5th Street and 150 South 5th Street. $26 max per car

Alternative Parking Options: Metro Transit Light-Rail. There is a drop a half block from the building entrance and runs directly in front of Fifth Street Towers. The stop is the Nicolet Mall drop and can be accessed via the Blue or Green line. The space is also surrounded by Metro Transit Bus Stops. Fifth Street Towers is Minneapolis Skyway Connected for easy indoor walking between buildings to the event location.

Directions on how to get into the space:
From the parking 100 parking garage: Bring the elevators to the 2nd Floor, walk across the Skyway level to the 150 Tower, enter left, mid rise elevator bank, take elevator to the 17th floor.

From the 150 parking garage: Bring the elevators to the second floor, come around the front of the security desk to the far left and into the mid rise elevator bank. Take elevator to the 17th floor.

Agenda

Time Activity
12:30 PM
1:30 PM
Breakfast & Networking
1:30 PM
2:15 PM
Downtown Update
2:15 PM
3:00 PM
Mixed-use & Suburban Communities
3:00 PM
3:30 PM
Post-Game Schmooze

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