MREJ 2026 Awards Program

BUILDINGS ARE COOL. Buildings are Cool .

We should know. We design the behind-the-walls systems that bring them to life.

Smarter design of your mechanical and electrical systems will dramatically impact your ability to achieve your project goals and maximize your investment.

JUDGES

KIP DUNKELBERGER PEAK HILL CAPITAL

Kip Dunkelberger is President of U.S. Capital Markets at Peakhill Capital U.S., where he leads loan originations, oversees Minnesota operations, and partners with the executive team to expand Peakhill’s national presence. With more than 2 decades of experience in commercial real estate finance, Kip is recognized for his proactive, solutions-driven approach to structuring complex transactions.

KYLE WILLEMS BASSFORD REMELE

Mr. Willems is a litigator primarily practicing in business and tort litigation. His business litigation practice mainly focuses on the real estate and construction sectors, where he guides clients through construction defect, mechanic’s lien, contract and quasi-contract, commercial, and general liability disputes. As a tort litigator, Mr. Willems concentrates on complex cases that involve wrongful death, serious bodily injury, and substantial property damage.

DEANNA KUENNEN CITY OF FARMINGTON

Deanna is the Community & Economic Development Director for the City of Farmington, MN – a community with a population of nearly 24,000 located in the south metro area in Dakota County. She leads a team of 8, who collectively are responsible for all aspects of development within the community. The divisions within her department include Community Development, Economic Development, Planning & Zoning, and Building Codes. She is fluent in economic development incentives and packages, and she is tasked with proactively pursing quality development/ redevelopment opportunities. In addition – she and her Team are responsible for leading the community vision and comprehensive plan update process, laying the foundation for a bold future for the community.

Mark W. Kolsrud is a Senior Vice President for Colliers’ Investment Services Group in Minneapolis-St. Paul. Mark leads his team to success through proven processes. His team focuses on mainly industrial, office, medicaloffice, and single-tenant net lease properties; both locally and nationally.

ANGIE FRENCH MID CONTINENT MANAGEMENT CORPORATION (MCMC)

A dedicated and respected real estate professional with proven results in the multihousing industry. Elected and served as Board Chair for the Minnesota Multi Housing Association (MHA) in 2012. Over 25+ years experience which has given me the opportunity to grow in my roles from site level positions to corporate office level positions.

Andy Gatchell is an Associate Director and the Lead Broker of Team Gatchell in Stan Johnson Company’s Chicago office. His team specializes in the disposition, acquisition, and capitalization of retail, office, industrial, saleleaseback, and portfolio net lease assets throughout the United States. As the Lead Broker for Team Gatchell he is responsible for all deal execution and business development as well as the oversight and direction of his Analysis, Marketing & Research staff. Gatchell joined Stan Johnson Company in 2011 in his role as Lead Broker to helm the second net lease investment sales team in the firm’s Chicago office. Stan Johnson Company’s Chicago office is among the top producing offices in the firm, second only to Corporate HQ Tulsa, and has completed over $2 Billion in total transaction volume during his tenure.

MARK KOLSRUD COLLIERS

ANDY GATCHELL PARK STATE BANK

PEOPLE’S CHOICE AWARDS

Scan the Code and Vote! Winner Announced at End of Show

PERSON

ANGI FRENCH, MID CONTINENT MANAGEMENT

BOB TREGER, TRANSWESTERN

KIM IHLE, CBRE

NATALIE MARTYNOW, SHARPER MANAGEMENT

RON PATZER, CAPITAL PARTNERS

TED BICKEL, NORTHMARQ

TIM MURNANE, THE OPUS GROUP

PROJECT

AMIRA OF LAKE ELMO

LAKEVILLE LOGISTICS

MARVELLA 2190

MYSTIC LAKEW AMPHITHEATER

RYE APARTMENTS

SUMMIT ORTHOPEDICS PLYMOUTH

TRILLIUM WOODS PHASE 2 EXPANSION

SYNERGY ARCHITECTURE STUDIO

ARCHITECTURE FIRM OF THE YEAR

We are a national interdisciplinary design firm rooted in architecture and engineering. We believe that the best design results from deep insight into the people and passions that animate each unique environment. Our 1,200 people in offices from coastto-coast work to make a positive, lasting impact for clients in healthcare, arts and culture, community, corporate, education, government, science and technology, and energy markets.

ARCHITECTURE FIRM OF THE YEAR SYNERGY ARCHITECTURE STUDIO

Synergy Architecture Studio is a Minneapolis-based healthcare architecture firm specializing in medical outpatient buildings, clinics, and ambulatory surgery centers. In 2025, the firm achieved $1.8 Million in annual billings and delivered 16 healthcare development projects totaling 380,000 square feet and $170 Million in construction value, including projects that expanded its footprint beyond Minnesota. Known for its collaborative, humancentered approach, Synergy designs flexible, future-ready healthcare environments that integrate wellness, technology, and sustainability to strengthen communities and elevate care.

HGA

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ENGINEERING FIRM OF THE YEAR

EMANUELSON-PODAS

ERA STRUCTURAL ENGINEERING

ENGINEERING FIRM OF

ERA STRUCTURAL ENGINEERING

ESTATE FORECAST

ERA Structural Engineering is a full-service structural engineering firm that has completed more than 17,000 projects with a construction cost estimate in excess of $50 billion. We are registered and actively working in all 50 states. Founded in 1984, our firm is constantly evolving to lead the industry forward. With offices in St. Paul, MN, and Eau Claire, WI our growing team includes professional engineers, engineers-in-training, BIM/CAD modelers, and business support staff who never stop challenging the status quo. Our mission think_beyond the beam drives us to think beyond textbook engineering principles to make complex projects possible.

ENGINEERING FIRM OF THE YEAR

EMANUELSON-PODAS

Emanuelson-Podas is a full-service MEP/R engineering firm that makes amazing spaces possible. For more than 65 years, we’ve partnered with architects, contractors, developers, and other building design professionals to intelligently bring air, power, light, and water to the places that matter.With a team of more than 100 designers and engineers, we deliver mechanical, electrical, plumbing, and refrigeration expertise across more than a dozen industry sectors. Our Building Performance Group adds another layer of depth—offering sustainable design, energy modeling, commissioning, and building controls services that ensure every system performs as beautifully as it’s designed.

Marsden extends our congratulations to David Frauenshuh on receiving the Lifetime Achievement Award at the Minnesota Real Estate Journal Awards . With more than five decades of leadership in the commercial real estate industry, David has built a legacy defined by integrity, innovation, & lasting impact across the Twin Cities & beyond. Marsden congratulates David on this well deserved recognition & wishes him every success in the years ahead.

www.marsden.com

ASSOCIATION MANAGEMENT COMPANY OF THE YEAR

CITIES MANAGEMENT

FIRSTSERVICE RESIDENTIAL

SHARPER MANAGEMENT, LLC

Cites Management - An Associa CompanyEstablished in 1982, Cities Management is an Accredited Association Management Company (AAMC®) serving nearly 300 community associations across the Twin Cities metro. Backed by Associa — North America’s largest community management company — we deliver hands-on management, transparent financial services, board education, and homeowner resources that drive real results. Our commitment to partnership and client care has sustained retention above 95%. We also serve as active advocates at the Minnesota Legislature, having drafted HOA governance legislation adopted into state law. Local expertise. National resources. Proven results.

Established in 2009, Sharper Management is a locally-owned property management company serving all types of residential homeowner associations in Minnesota. Our commitment to being Your Minnesota Neighbor defines who we are and how we serve our clients and community.We currently employ over 60-full time staff members in our offices in Eden Prairie, Maple Grove and Woodbury. We serve over 300 total communities from Watertown to Stillwater and Hugo to Northfield. We manage all types of HOAs from small 6-unit condo buildings, to large 600-unit townhome developments, to expansive single-family communities with multiple phases and amenities.

FirstService Residential Minnesota is the leading residential property management company, serving condominium, townhome, and homeowner associations throughout the state. Grounded in decades of local expertise and supported by the resources of North America’s largest residential management firm, we deliver tailored solutions that support strong governance, financial stewardship, and vibrant communities. Known for collaborative industry leadership and a deep commitment to client success, our team partners closely with boards to navigate complexity, protect property values, and enhance the homeowner experience across Minnesota.

PROFESSIONAL SERVICE COMPANY OF THE YEAR

IPX1031

PACE LOAN GROUP

SUSTAINABLE INVESTMENT GROUP, LLC (SIG)

PACE Loan Group (PLG) is a national leader in the C-PACE marketplace, providing direct C-PACE financing to commercial property owners. PLG benefits from institutional support with capital from funds managed by AB CarVal, a subsidiary of Alliance Bernstein. The PLG team provides expertise up and down the capital stack, from origination and underwriting to loan servicing. To learn more about PLG, visit www.paceloangroup.com.

SUSTAINABLE INVESTMENT GROUP, LLC (SIG)

By way of background, IPX1031 is a wholly owned subsidiary of the largest title insurer in the country, Fidelity National Financial (NYSE: FNF).  We are the 1031 exchange company for Commercial Partners, Chicago Title, Fidelity National Title, Commonwealth Land Title and their agents.  At IPX1031, we make the exchange process easy and efficient by preparing all the 1031 documentation and coordinating the transaction with the closing agent.  In addition, we provide guidance, expertise, and industry leading security on exchange funds.

Sustainable Investment Group (SIG) is a full_service sustainability, wellness, and ESG consulting and engineering firm specializing in green building certifications including LEED, WELL, Fitwel, and BREEAM. A recognized industry leader, SIG delivers services across Class A Office, Mixed_use, Residential, Industrial, Healthcare, Educational, Retail, and Event/Entertainment sectors. Its in_house professional engineers provide energy audits, commissioning and retro-commissioning, energy and daylight modeling, net_zero and decarbonization studies, and life_cycle assessments. SIG’s ESG team supports corporate sustainability strategy, benchmarking, ENERGY STAR, and reporting to GRESB, GRI, and CDP, while its Climate Investment Solutions team helps clients leverage IRA, PACE, grants, rebates, and tax incentives.

PROFESSIONAL SERVICE COMPANY OF THE YEAR

PROFESSIONAL SERVICE COMPANY OF THE YEAR PACE LOAN GROUP

PROFESSIONAL SERVICE COMPANY OF THE YEAR

A True Leader Impacts Lives

Cong rat ulations to David Frauenshuh

On Winning the Lifetime Achievement Award

Old National is proud to work with you, and applauds you on this recognition.

CITY OF THE YEAR

CITY OF FARMINGTON

CITY OF LAKEVILLE

CITY OF OWATONNA

CITY OF FARMINGTON

Farmington is redefining itself. In the past year, Farmington advanced projects that are expanding opportunities and transforming the community. The Emery, the first market_rate apartment in more than 30 years opened, earning awards and putting Farmington on the map. Yellow Tree has now opened Rye Apartments, an upscale 168_unit development expanding Farmington’s housing options. The city also facilitated significant infrastructure investments, completed environmental review on 600+ acres increasing available land supply, processed complex development applications, and enhanced its business support ecosystem through targeted/creative efforts. Collectively, this demonstrates Farmington’s bold leadership, strategic approach to growth and ongoing commitment to community resilience.

LAKEVILLE

In 2025, Owatonna experienced notable growth and development. Olmsted Medical Center and Marthaler Honda opened, delivering essential services to residents. A new downtown parking lot added 40 stalls, improved lighting, and pedestrian connections. Housing expanded with over 150 new units, approvals for Mineral Springs Estates and Ascend South, and construction starting on Aire Apartments. The Shoppes on Rose Street launched as a retail incubator in historic downtown, offering local makers booth space, shared point-of-sale systems, and rotating vendors a semi-permanent location. These projects reflect Owatonna’s commitment to enhancing services, housing, and economic vitality for its growing community.

In 2025, the City of Lakeville saw an annual building permit valuation of $381.2 million - a 47.9% increase from 2024. Seven projects were valued at $3+ million, including new commercial/retail and industrial buildings. The largest project was Dakota Electric Association’s Energy Center, valued at $47.8 million. City staff worked closely with DEA leadership to secure its future for decades to come by nearly doubling its equipment storage capacity, adding nearly 4x more garage stalls, and roughly quadrupling its land footprint from 20 to 75 acres. Lakeville is excited to welcome DEA staff into their new 177,000-square-foot facility starting in 2027!

CITY / COUNTY OF THE YEAR

CITY / COUNTY OF THE YEAR CITY OF

CITY / COUNTY OF THE YEAR CITY OF OWATONNA

ASSOCIATION MANAGER OF THE YEAR

KIM DUPONT

NANCIE THOM

ASSOCIATION MANAGER OF THE YEAR NANCIE THOM HOALIVING MINNESOTA

Nancie Thom is a Senior Community Manager with over 15 years of experience in community association management. She holds the CMCA (Certified Manager of Community Associations) designation and will obtain her AMS (Association Management Specialist) designation in March 2026. Nancie was the recipient of the 2018 CAI Above & Beyond Award and has continued to be recognized by her peers through nominations in 2020 - 2025. Known for her professionalism and dedication to the communities she serves, Nancie is respected for her leadership, industry knowledge, and commitment to supporting board members and homeowners alike.

ASSOCIATION MANAGER OF THE YEAR

KIM DUPONT SHARPER MANAGEMENT

Kimberly DuPont has more than 30 years of experience in sales, account management, budgeting, vendor oversight, and team leadership, including over two decades in residential and commercial property management. Since 2020, she has served as Director of Developing Communities at Sharper Management in Eden Prairie, Minnesota, managing townhome, single-family, master-planned, and condominium associations in development. She works closely with boards, developers, and builders on budgeting, reserve planning, vendor contracts, and governance structures. Previously a Senior Property Manager, she oversaw condominium and mixed-use properties, staff, and capital projects. Her background also includes national program development, marketing, and vendor management

ARCHITECT OF THE YEAR

DAMARIS MELO-GYASI

MATTHEW O’KEEFE

MYTHILI THIAGARAJAN

ARCHITECT OF THE YEAR

DAMARIS MELO-GYASI

DESIGN BY MELO

Damaris Melo-Gyasi is the Founder and Principal Architect of Design by Melo, a Minneapolisbased firm recognized for technical excellence and community-centered design. A Registered Architect, LEED Accredited Professional, and NCARB Certificate holder, Damaris brings a global background in architecture and urban design to projects that integrate sustainability, equity, and cultural competency. Her portfolio includes civic, mixed-use, and affordable housing developments that challenge conventional models and deliver measurable social and environmental impact. A TEDx speaker and industry thought leader, Damaris demonstrates how architecture can serve as a catalyst for dignity, resilience, and meaningful community transformation.

ARCHITECT OF THE YEAR

MYTHILI THIAGARAJAN AUROMIRA ARCHITECTS

Mythili Thiagarajan, Principal of Auromira Architects, leads a dynamic practice specializing in healthcare, dental, and commercial architecture. With more than 26 years of experience, she is known for successfully delivering complex renovations within fully operational facilities. Widely respected for her design vision, attention to detail, and collaborative leadership, Mythili brings clarity, energy, and purpose to projects—elevating both the design and the teams behind it. Beyond her practice, she is a passionate advocate for women in real estate. As 2025 President of MNCREW and a CREW Network Foundation Director, she mentors and champions women, helping build a stronger, more inclusive industry.

ARCHITECT OF THE YEAR

MATTHEW O’KEEFE

SYNERGY ARCHITECTURE STUDIO

Matthew O’Keefe, AIA, NCARB is Vice President of Architecture at Synergy Architecture Studio and a visionary leader with 25 years of experience shaping healthcare-focused architectural practices. A founding member of the firm, he defines the studio’s design ethos, growth strategy and client partnerships. In 2025, he guided the practice to $1.8 Million in annual billings and led a healthcare development portfolio totaling $170 Million in construction value, including ambulatory surgery centers that expanded Synergy’s reach beyond Minnesota. Matthew is a respected industry thought leader, national speaker, and strategic advisor in healthcare architecture.

ECONOMIC DEVELOPER OF THE YEAR

GREG KRUSCHKE

JACOB WIENSCH

TINA GOODROAD

ECONOMIC DEVELOPER OF THE YEAR

JACOB WIENSCH

CITY OF FARIBAULT

Jacob Wiensch is an economic development professional serving as Economic Development Coordinator for the City of Faribault, where he leads initiatives focused on business growth, strategic investment, and community development. Prior to Faribault, he held roles within the City of Eau Claire’s Economic Development Division, supporting redevelopment programs, small business assistance, and downtown initiatives. He has conducted more than 120 Business Retention & Expansion visits and managed revolving loan and development financing programs. Jacob was recognized as Momentum West’s Young Professional of the Year and is committed to advancing sustainable economic growth in the communities he serves.

ECONOMIC DEVELOPER

OF THE YEAR

TINA GOODROAD

CITY OF LAKEVILLE

Tina Goodroad has over 30 years’ experience working as a City Planner, Developer, Planning Consultant, and for the past 3.5 years as Community Development Director for the City of Lakeville. Prior to that, she worked for 7 years as City of Dayton’s City Administrator/ Development Director.Tina has worked with communities of all sizes, both urban and rural, and appreciates varied perspectives on development issues. She proudly serves on the Sensible Land Use Coalition’s Board of Directors and is a member of the Economic Development Association of Minnesota, Minnesota Chapter of the American Planning Association, and the APA Women & Planning Division.

ECONOMIC DEVELOPER OF THE YEAR

GREG KRUSCHKE

CITY OF OWATONNA

In 2025, Greg Kruschke, Owatonna’s Community Development Manager, earned statewide recognition for his leadership in housing and redevelopment. He received the Coalition of Greater Minnesota Cities’ Excellence in Service Award for advocacy on housing and land-use policy. Greg also testified before state committees on “missing middle” zoning, promoting balanced growth strategies that support diverse housing options. His efforts advanced major projects, including Ascend South and Aire Apartments, and reinforced Owatonna’s commitment to sustainable development. These accomplishments highlight his pivotal role in shaping policies and projects that strengthen economic vitality and improve housing opportunities for the growing community.

OWNER / LANDLORD

CAPITAL PARTNERS MANAGEMENT

PIEDMONT REALTY TRUST

ROERS COMPANIES

SUMITOMO CORPORATION OF AMERICAS

COMPANIES

Piedmont Realty Trust is a fully integrated, self-managed real estate investment company focused on delivering an exceptional Class A office environment. As an owner, manager, developer and operator of approximately 16 MM SF of Class A properties across major U.S. Sunbelt markets, we remain focused on creating transformative environments that foster a sense of belonging and enhance company culture.

Roers Companies is a nationally recognized multifamily real estate firm powered by in-house development, construction and property management. Headquartered in Plymouth, Minn., the company partners with individual investors to deliver marketrate, mixed-use, and 55+ communities across the United States. It also builds and operates affordable and workforce housing. Since 2012, Roers Companies has developed more than $4 billion in real estate across the Midwest, South, Southeast, and Mountain Southwest regions of the United States. Learn more at roerscompanies.com.

We’re not just in the business of residences.

We’re in the business of community building, and making people feel at home. To do that, we take a proactive approach to property management.

We anticipate needs.

And come together with the boards we serve, to find solutions that meet the unique needs of their communities.

Welcome to life, simplified.

OWNER / LANDLORD ROERS

OWNER / LANDLORD PIEDMONT REALTY TRUST

Capital Partners, headquartered in Edina, Minnesota, is the Twin Cities’ largest privately held owner and operator of industrial real estate. With $1.8B in assets under management and 17.5+ million square feet, we serve nearly 700 tenants across the Twin Cities, Milwaukee, Southwest Florida, and Indianapolis. Our integrated platform delivers property management, asset management, accounting and reporting, construction management, and leasing. Built on a relationship first, client first approach, we focus on tenant retention and disciplined investment execution to provide exceptional value and consistent service across our portfolio.

Sumitomo Corporation of Americas is a global owner and investor with a long-term commitment to disciplined capital stewardship and relationship-driven business practices. Since acquiring SPS Tower in 2019, Sumitomo has invested heavily in the property’s modernization, tenant experience, and long-term competitiveness— while maintaining a debt-free ownership structure that provides exceptional financial stability. Guided by a philosophy of integrity, sound business practices, respect for the individual, contribution to the good of society, and sustainable value creation, Sumitomo leverages its global resources and local partnerships to deliver resilient, future-focused real estate investments across the Americas.

Your Par tner in Sustaina b le Building

Practica l sustaina bility consulting for arc hitects, developer s, rea l esta te owner s, and opera tor s

Green & hea lthy building cer tifica tions

Energy ef ficiency & building perfor mance

Sustaina bility repor ting & ESG stra tegy

Decar boniza tion & compliance suppor t

Sustaina ble financing

We suppor t $34B+ in real estate assets and deliver 75M SF of green building ser vices annually.

OWNER / LANDLORD CAPITAL PARTNERS MANAGEMENT

OWNER / LANDLORD SUMITOMO CORPORATION OF AMERICAS

MULTIFAMILY - URBAN

THE NINE AT

LEXINGTON STATION

MIRO APARTMENTS

ACCOLADE MINNEAPOLIS

MULTIFAMILY - URBAN MIRO APARTMENTS

Miro is a 7-story, modular multi-family development bringing needed affordable housing to a historically underserved area. Rooted in a “Design for the People” ethos, the project built local support through spaces that feel authentic to the community.

Developer: Rise Modular

Contractor: Rise Modular

Lead Architect: DJR

MULTIFAMILY - URBAN

THE NINE AT LEXINGTON STATION

The Nine is a 6-story development located along Lexington Avenue in St. Paul. The building is half a block away from the light rail, and three blocks east of Allianz field, North of I-94. The massing of the building uses an “S” shape to create two elevated, amenity courtyards.

Developer: Alatus LLC

Contractor: Alatus LLC

Lead Architect: DJR

MULTIFAMILY

-

URBAN ACCOLADE MINNEAPOLIS

Accolade Minneapolis is a premier 16-story student housing development situated in the Stadium Village neighborhood, steps from the University of Minnesota campus. This modern community features 610 fully furnished units, ranging from studios to fourbedroom apartments, designed to blend luxury with academic focus.

Developer: Greystar

Contractor: JE Dunn Construction

Lead Architect: ESG Architecture & Design

INTERIOR DESIGNER OF THE YEAR

LAUREN DEPOINT

SHEILA MOZAYENY-HALE

INTERIOR DESIGNER OF THE YEAR

LAUREN DEPOINT

RYAN COMPANIES US, INC.

With a unique background in both interior design and construction management, Lauren excels at creating beautiful, functional spaces that provide a memorable user experience. Over her 16year tenure at Ryan, she has been instrumental in growing the design department from two to sixteen professionals. Her leadership is evident in her portfolio, which includes shaping the aesthetic of the landmark Highland Bridge community and the first phase of an expansive bio-tech campus. A passionate mentor and community volunteer, Lauren’s detail-oriented approach ensures design and construction teams work together to deliver exceptional projects from start to finish.

SHEILA MOZAYENY-HALE

BDH

Sheila Mozayeny-Hale, CID, IIDA, serves as Project Executive for BDH’s workplace sector, bringing more than 25 years of experience in commercial interior design, business development, and organizational leadership. Since joining BDH, she has taken the lead on a high-profile national account with projects spanning offices across the country, reinforcing the firm’s ability to deliver consistent, high-quality design at scale. Sheila has served as president of IIDA-Northland Chapter and sits on the boards of Franconia Sculpture Park and Equaspace. Her approach to client work and industry leadership follows one principle: listen first, lead with integrity, and invest in people.

GREEN / LEED DEVELOPMENT OF THE YEAR

TKDA

ANOKA CANNABIS COMPANY

UNIVERSITY OF MINNESOTA FRASER HALL

The Anoka Cannabis Company is a pioneering civic project delivered by RJM Construction, creating Minnesota’s first municipally owned cannabis dispensary and one of the earliest government-run models in the nation. Developed as an extension of Anoka’s established municipal retail operations, the 3,200-square-foot facility provides a safe, education-focused environment that emphasizes transparency and responsible use.

Developer: City of Anoka

Contractor: RJM Construction

Lead Architect: Oertel Architects

TKDA is a multidisciplinary engineering and architecture firm that envisioned a new headquarters to support its evolving workflow and growing team. The goal was to consolidate its former five-floor St. Paul office into an 85,000-squarefoot, two-level workplace reflecting its collaborative culture.

Developer: Ryan Companies

Contractor: Mission Construction

Lead Architect: PlanForce

The reimagined Fraser Hall at the University of Minnesota represents the comprehensive modernization and addition to the existing 1929 building on campus. The redevelopment transforms an original law library into a contemporary learning/ research environment supporting undergraduate chemistry education housing, general, organic and life sciences labs.

Developer: University of Minnesota

Contractor: Mortenson Construction

Lead Architect: BWBR (Architect of Record and Laboratory Planning)& VJAA (Design Architect)

GREEN / LEED DEVELOPMENT OF THE YEAR TKDA

GREEN / LEED DEVELOPMENT OF THE YEAR ANOKA CANNABIS COMPANY

GREEN / LEED DEVELOPMENT OF THE YEAR

UNIVERSITY OF MINNESOTA FRASER HALL

May 13, 2026

8:00am - 12:00pm

8:00am Breakfast & Networking

The Club at Golden Valley

Speakers:

Brenda Radichel Quaye - Venstar, LLC

Clinton Miller - Avison Young

Jeff Jiovanazzo - CBRE

Jim Damiani - Newmark

John McCarthy - Colliers

Kyle S. Willems - Bassford Remele

Mark Kolsrud - Colliers

Mary Jo Kelly - Sherman Associates

Michael Klemm - Hellmuth & Johnson

Mike Ohmes - Frauenshuh

Peder Melin - USI Insurance Services

Peter Mork - Capital Partners

Russ Nelson - NTH

Ryan Mallery - Big River Real Estate, LLC

Scott Tankenoff - Hillcrest Development, LLLP

Sean Sweeney - Hall Sweeney Properties

Thomas Rishovd - Morgan Stanley

Tim Elam - Scannell Properties

Todd Phillips - Legacy Property Trust

Sponsors:

MOST SIGNIFICANT INVESTMENT SALE TRANSACTION IN 2025

THE BEACH CLUB RESIDENCES THE PILLARS OF PROSPECT PARK THE WOODS Congratulations, Dave

Frauenshuh!

Dave is as ethical as they come and very thoughtful...always a step or two ahead on deals. I really learned a lot and enjoyed the opportunity to work with him.

- Bruce Engelsma, Chairman, Kraus-Anderson

MOST SIGNIFICANT INVESTMENT SALE TRANSACTION IN 2025

THE BEACH CLUB RESIDENCES

The $103,250,000 sale of The Beach Club Residences marked one of the Twin Cities’ most significant multifamily transactions in 2025, transferring ownership of a 332-unit landmark on Minneapolis’s Chain of Lakes. Known for its Georgian Revival architecture, expansive floorplans, and penthouses over 3,300 square feet, the property includes 38,342 square feet of commercial space, 656 parking stalls, and a 40,000-square-foot fitness club. Colliers professionals Mox Gunderson, Dan Linnell, Adam Haydon, Devon Dvorak, and Drew Jackson represented the seller, securing a generational asset defined by scale, design pedigree, and an unmatched lakeside location.

Together, Strengthening the Communities we Serve

THE PILLARS OF PROSPECT PARK

The Pillars of Prospect Park is a 283-unit, full-continuum senior living community located adjacent to the University of Minnesota campus in Minneapolis. Developed by Oppidan and delivered in May 2020 amid the uncertainty of COVID-19 and regional social unrest, the community successfully stabilized and established itself as a premier asset in the Twin Cities market. The property sold in September 2025 for $140 million, equating to $494,700 per unit. This represents the highest price-per-unit achieved for a senior living community in Minnesota history, underscoring the asset’s quality, performance, and long-term investment value.

SIGNIFICANT INVESTMENT SALE TRANSACTION IN 2025 THE WOODS

This transaction united two family-owned businesses during pivotal transitions. The Woods, a landmark log-cabin-style building along I-94 in Maple Grove, had been owned and operated by the Looney family for 40 years before being listed for sale as they prepared for retirement. At the same time, Bridal Aisle Boutique in Osseo had outgrown its space due to strong growth and increasing demand. After nearly two years of searching, the property emerged as the ideal solution. A full-price offer was accepted, and through strong collaboration between buyer and seller, the transaction successfully closed the evening before Thanksgiving 2025.

MOST SIGNIFICANT INVESTMENT SALE TRANSACTION IN 2025

MOST

PROPERTY MANAGEMENT COMPANY OF THE YEARMULTIFAMILY

KLEINMAN PROPERTY MANAGEMENT

MID CONTINENT MANAGEMENT CORP (MCMC)

ROERS COMPANIES

SOLHEM MANAGEMENT COMPANY

MCMC is a 55_year leader in property management, delivering strong growth, operational excellence, and industry leadership. Guided by its vision to Create Welcoming Communities and Lasting Relationships, MCMC manages a diverse multifamily and office portfolio while consistently outperforming market benchmarks. Together, these accomplishments reflect MCMC’s core values in action - Act with Integrity, Quality Assured, Always Improving, Lasting Relationships, and Enjoyment.  All of these components create the tagline and enduring commitment to residents and team members:  Here to Welcome You Home.

Kleinman is an AMO®-accredited property management company delivering full-service solutions for multifamily owners across the Twin Cities for over 95 years. We combine compliance expertise, data-driven marketing, and strategic leasing to maximize occupancy, strengthen revenue, and reduce risk. Our team streamlines rent collection, ensures fair housing compliance, and proactively protects assets. With in-house maintenance and trusted vendors, we deliver efficient, high-quality service, including 24/7 emergency response, repairs, turnovers, and capital improvements. Backed by transparent financial reporting and asset management, we provide real-time insights, budget planning, and long-term strategy - helping owners protect, operate, and grow their investments with confidence.

PROPERTY MANAGEMENT COMPANY OF THE

PROPERTY MANAGEMENT COMPANY OF THE YEAR - MULTIFAMILY

COMPANY OF THE YEAR - MULTIFAMILY SOLHEM MANAGEMENT COMPANY

Solhem Management Company is a leading multifamily property management firm in the Twin Cities. With more than 15 years of local market expertise, Solhem currently manages over 2,100 units across 11 communities in Minneapolis and Edina.We build beautiful, sustainable communities people love, guided by a hospitality-driven philosophy that prioritizes exceptional experiences for our employees, residents, and ownership partners.

Roers Companies is a nationally recognized multifamily real estate firm powered by in-house development, construction and property management. Headquartered in Plymouth, Minn., the company partners with individual investors to deliver market-rate, mixeduse, and 55+ communities across the United States. It also builds and operates affordable and workforce housing. Since 2012, Roers Companies has developed more than $4 billion in real estate across the Midwest, South, Southeast, and Mountain Southwest regions of the United States. Learn more at roerscompanies.com.

Roers Companies is a multifamily real estate firm powered by in-house development, construction, and property management. We partner with private investors to build institutional-scale apartments in high-demand neighborhoods. Learn more at roerscompanies.com

PROPERTY MANAGEMENT COMPANY OF THE YEAR - MULTIFAMILY ROERS COMPANIES

PROPERTY MANAGEMENT

REAL ESTATE LAWYER OF THE YEAR

ELIZABETH (“BETSY”) KIERNAT

JOHN D. NOLDE

MICHAEL KLEMM

TIMOTHY GUSTIN

Michael Klemm is a partner at Hellmuth & Johnson and leads the firm’s Real Estate and Land Use, Zoning & Development practice groups. An MSBA Certified Real Property Law Specialist with more than 20 years of experience, he has represented clients in hundreds of real estate transactions. He drafts and negotiates purchase agreements, leases, easements, and loan documents, and manages due diligence, including title, surveys, environmental and property condition assessments. Michael advises clients on risks and practical solutions, and assists with title insurance, closings, and 1031 exchanges. His background also includes more than a decade as an assistant city attorney.

JOHN D. NOLDE

WINTHROP & WEINSTINE, P.A.

John Nolde, shareholder at Winthrop & Weinstine, represents real estate owners, developers, and tax credit investors on complex development and finance-related issues, including the use of tax-exempt bonds; tax increment financing; tax credits; securitizations, city, county and other governmental subsidies; and acquisition and disposition of partnership interests. He has a focus on multifamily housing development and finance, as well as commercial and mixed-use facilities and restructuring troubled low-income housing projects. John has been recognized by The Best Lawyers in America® for Real Estate Law (2016 to present) and by Minnesota Lawyer as its Attorney of the Year (2016).

One of Minnesota’s leading real estate attorneys and a member of Cozen O’Connor’s board of directors, Tim represents lenders who finance office, industrial, hospitality, retail, self-storage and multifamily projects. Tim is regarded for his depth of experience in multifamily lending. He serves on the Freddie Mac Multifamily Legal Advisory Council and participates in Fannie Mae’s Legal Issues Forum, where he works with agency legal teams to update loan documentation and requirements. Tim joined Cozen in 2026 following the merger with Moss & Barnett where he chaired the real estate finance and real estate practice groups and served as board chair.

ELIZABETH (“BETSY”) KIERNAT

COZEN O’CONNOR

A preeminent authority in real estate finance with nearly 30 years of experience, Betsy is a leader in Cozen O’Connor’s real estate practice, which represents Freddie Mac and Fannie Mae lenders nationwide. Betsy manages lender representation in the origination, closing, sale, pooling and servicing of loans under Freddie Mac’s multifamily programs. Known for her pragmatic approach to complex securitized assumptions and transfers of interest, she has overseen thousands of national transactions, earning her reputation as a trusted advisor. She also works with buyers and sellers in all phases of the purchase and sale of commercial, warehouse, and industrial real estate.

REAL ESTATE LAWYER OF THE YEAR

MICHAEL KLEMM

HELLMUTH & JOHNSON

REAL ESTATE LAWYER OF THE YEAR

TIMOTHY GUSTIN COZEN O’CONNOR

ENGINEER OF THE YEAR

BENJAMIN BAHR

DAVE FOX

JOHN SKOGSTAD

JUSTIN PICKARD

REBECCA GORDON

ENGINEER OF THE YEAR

DAVE FOX

TRANSWESTERN REAL ESTATE SERVICES

Dave Fox has 20 years of experience in the Minnesota engineering market and joined Transwestern in 2023. Previously the Chief Engineer of 50 South Sixth, Dave now oversees several properties in the Transwestern Agency Leasing portfolio, including 50 South Sixth, 60 South Sixth, and the Dayton’s Project. Dave plays a key role in evaluating building systems, planning major repairs and capital replacements, and implementing efficiency initiatives that reduce energy consumption and extend equipment life. Dave is committed to developing strong engineering teams and empowering staff to be proactive, knowledgeable and responsive to the unique needs of each property.

ENGINEER OF THE YEAR

JOHN SKOGSTAD

CBRE

John Skogstad is Chief Engineer of Capella Tower, a 56-story, 1.9 million-square-foot Class A office building in downtown Minneapolis. With 41 years in commercial real estate, he has led operations at prominent properties such as Fifth Street Towers, Hennepin County Government Center, and 601 Tower. An expert in HVAC and building systems, John drives efficiency, sustainability, and tenant comfort. Under his leadership, the property has achieved multiple LEED certifications, WELL certification, and consistently high ENERGY STAR ratings. His HVAC modernization and energy initiatives have saved over $300,000 while ensuring smooth daily operations.

ENGINEER OF THE YEAR

BENJAMIN BAHR

EMANUELSON-PODAS

Benjamin Bahr, PE, is a Mechanical Engineer and Director of Sustainability at Emanuelson-Podas and brings more than a decade of experience in mechanical engineering and building energy modeling. A LEED-accredited professional and one of Minnesota’s first BEMP-certified engineers, Ben leads the firm’s energy modeling practice and specializes in high-performance, energy-conscious design across a wide range of sectors. He is widely recognized for his expertise in energy codes, sustainability programs, and Net Zero strategies, and regularly presents on building performance and energy compliance topics throughout the industry.

ENGINEER OF THE YEAR

JUSTIN PICKARD VILLAGEGREEN

Maintenance and facilities leader with 18+ years of experience in multifamily residential operations. Known for strengthening maintenance performance, supporting property standards, and delivering dependable resident service. Brings hands-on expertise in building systems, preventative maintenance planning, vendor coordination, budget awareness, and team leadership. Positioned for continued growth within Village Green Property Management through a strong commitment to operational excellence and leadership development.

ENGINEER OF THE YEAR REBECCA GORDON ERA STRUCTURAL ENGINEERING

Rebecca Gordon, PE, is a recognized AEC leader and Market Lead for ERA’s Healthcare, Life Sciences/Technology/Laboratory, and Higher Education portfolios. Over 21 years at ERA, she has engineered more than 625 structural projects and shown outstanding leadership in advancing the profession. She has strengthened ERA’s partnership with the University of Minnesota through seminars, ASCE coordination, capstone support, recruiting, and creation of the ERA Structural Engineering Scholarship. Rebecca also co-led ERA’s SE 2050 embodiedcarbon pledge. Her portfolio includes seven B3 projects and three LEED™certified projects. She breaks barriers, empowers others, and leads with lasting impact across Minnesota and the broader industry.

EDUCATION & DAYCARESUBURBAN

EVERBROOK ACADEMY - OTSEGO

SPECTRUM ATHLETIC CENTER

KINDERCARE

CASS LAKE-BENA ELEMENTARY

&

-

EVERBROOK ACADEMY - OTSEGO

Everbrook Academy in Otsego, Minnesota is a purpose-built early childhood education facility developed to support a full continuum of learning from infancy through school age.

Operated by Learning Care Group, the one-story, wood-framed building features hipped and gabled roofs with CMU and concrete foundations and a complete interior finish package.

Developer: Oppidan

Contractor: BJ Baas Builders Inc.

Lead Architect: ADA Architects

The KinderCare Inver Grove Heights project demonstrates innovation through thoughtful site planning and efficient delivery of a high-quality early childhood education facility in a rapidly growing community. The building was designed to support KinderCare’s modern learning environment while maximizing safety, functionality, and outdoor play space for children.

Developer: InSite Real Estate, LLC

Contractor: Rochon Corporation

Lead Architect: ADA Architects

EDUCATION

DAYCARE

SUBURBAN

EDUCATION & DAYCARE - SUBURBAN KINDERCARE

EDUCATION & DAYCARE - SUBURBAN

CASS LAKE-BENA ELEMENTARY

Cass Lake-Bena Elementary School is a new elementary facility on the Leech Lake Reservation, completing an education-focused campus that includes middle and high schools and athletic facilities.

Developer: NA.

Contractor: KMS Construction

Lead Architect: LSE Architects

& DAYCARE - SUBURBAN SPECTRUM ATHLETIC

CENTER

This project features a transformative addition to an existing school campus, designed to expand academic capacity while enhancing athletic and community resources. The two-story expansion provides a blend of modern classroom and state-of-the-art athletic facilities.

Contractor: Rochon Corporation

Lead Architect: Rivera Architects

Jana Deach

Office Managing Partner, Minneapolis (612) 877-5305 | jdeach@cozen.com

Cozen O’Connor congratulates our colleagues and friends Tim Gustin and Betsy Kiernat, finalists for the Real Estate Lawyer of the Year.

Cozen O’Connor has earned its place among the nation’s top real estate legal practices. With nearly 100 dedicated real estate attorneys based in cities across the U.S. and Canada, the firm offers vast real estate capabilities and a full-service multidisciplinary platform.

Steven Silton

Office Managing Partner, Minneapolis (612) 260-9003 | ssilton@cozen.com

EDUCATION

GREATER MINNESOTA

AGRALITE ELECTRIC COOPERATIVE HEADQUARTERS

BLACK BEAR CASINO EVENT CENTER

MARTHALER HONDA DEALERSHIP

44° NORTH BELMONT HEIGHTS

GREATER MINNESOTA AGRALITE ELECTRIC COOPERATIVE HEADQUARTERS

The Agralite Electric Cooperative Headquarters is a forwardlooking investment in reliability, resilience, and people. The new headquarters replaces an aging facility with a high-performance workplace built to serve members for the next 60+ years.

Developer: Agralite Electric Cooperative

Contractor: Gardner Builders

Lead Architect: Mohagen Hansen Architecture | Interiors

GREATER

MARTHALER HONDA DEALERSHIP

The Marthaler Honda Owatonna project involved relocating the Albert Lea–based Honda dealership to a newly developed commercial site along State Avenue NW in Owatonna. Developed by Marthaler Automotive in partnership with local property ownership through the Marthaler Addition plat, the project established a modern dealership facility designed to expand sales and service capacity.

Developer: Marthaler Honda

Contractor:

Lead Architect:

44° North is a $30 million mixed-use hospitality / residential development at 60 Main Street in downtown Winona. The fivestory project introduces the city’s first new downtown hotel in years, featuring approximately 75 hotel rooms and 24 upscale apartments overlooking the Mississippi River and nearby Levee Park.

Developer: Rivers Hospitality, Winona Real Estate Fund, City of Winona

Contractor: Wieser Brothers

Lead Architect: River Valley Architects

MINNESOTA

GREATER MINNESOTA 44° NORTH

BLACK BEAR CASINO EVENT CENTER

Gardner Builders, in partnership with LSE Architects and the FDL Tribal Band, completed a new addition to the Black Bear Casino event center in the spring of 2025. This 27,000 sq. ft. expansion includes seven new spaces for hosting professional and entertainment events, along with a professional commercial kitchen and common areas for meetings and presentations.

Developer: Fond du Lac Development Corporation

Contractor: Gardner Builders

Lead Architect: LSE Architects

BELMONT HEIGHTS

Belmont Heights is a transformative housing development created to address Jackson’s declared housing emergency. The multi-phase project will deliver 245 modern apartments and townhomes designed to support the community’s growing workforce. Phase 1—a 41-unit apartment building and eight townhome units—was completed in Fall 2025.

Developer: Rebound Real Estate

Contractor: DBS Group

Lead Architect: Excel Architecture (Apartments) & DBS Group (Townhomes)

GREATER MINNESOTA

GREATER MINNESOTA

EDUCATION & DAYCAREURBAN

MINNEAPOLIS COLLEGE MANAGEMENT EDUCATION CENTER

BRUCE VENTO ELEMENTARY SCHOOL

PILLSBURY CREATIVE COMMONS

UNIVERSITY OF ST. THOMAS - LEE & PENNY ANDERSON ARENA

ACHIEVE LANGUAGE ACADEMY ADDITION

UNIVERSITY OF MINNESOTA FRASER HALL

EDUCATION & DAYCARE - URBAN BRUCE VENTO ELEMENTARY SCHOOL

Completed in Fall 2025, Bruce Vento Elementary was rebuilt to accommodate growing enrollment while advancing sustainability. The five-phase project delivered a 170,000-square-foot K-5 school and early learning hub serving approximately 800 students.

Developer: Saint Paul Public Schools

Contractor: RJM Construction

Lead Architect: Cuningham

EDUCATION & DAYCARE - URBAN MINNEAPOLIS COLLEGE MANAGEMENT EDUCATION CENTER

The Management Education Center (MEC) at Minneapolis College is a $22.5M phased transformation that seamlessly unifies the 1917 and 1973 Harmon facilities. This project creates a high-tech hub for a unique partnership with Metropolitan State University.

Developer: Minneapolis College

Contractor: JE Dunn Construction

Lead Architect: BWBR

EDUCATION & DAYCARE - URBAN ACHIEVE LANGUAGE ACADEMY ADDITION

The Achieve Language Academy Addition expands the campus of Achieve Language Academy in Saint Paul, Minnesota, providing space for one of the region’s leading charter schools. Completed in 2025, the project added 13,000 square feet of offices, classrooms, commons, and a welcoming lobby designed as an ICC 500-compliant storm shelter.

Developer: Achieve Language Academy

Contractor: Rochon Corporation

Lead Architect: Rivera Architects, Inc.

&

LEE & PENNY ANDERSON

The Lee & Penny Anderson Arena is a highly integrated, multi-program venue designed as a unified home for St. Thomas athletics. Its innovative floor converts from a 4,000-seat hockey rink to a 5,300-seat basketball court.

Contractor: Ryan Companies US, Inc.

Lead Architect: Ryan A+E, Inc. | Crawford

The reimagined Fraser Hall at the University of Minnesota represents the comprehensive modernization and addition to the existing 1929 building on campus. The redevelopment transforms an original law library into a contemporary learning/ research environment supporting undergraduate chemistry education housing, general, organic and life sciences labs.

Developer: University of Minnesota

Contractor: Mortenson Construction

Lead Architect: BWBR (Architect of Record and Laboratory Planning) & VJAA (Design Architect)

EDUCATION & DAYCARE - URBAN

PILLSBURY CREATIVE COMMONS

Pillsbury Creative Commons (PCC) is the new name of an expanded community arts and economic development hub in South Minneapolis. Built with a focus on wellness, artistic expression and sustainability, the building includes workforce training and artist residence space, a transformed KRSM community radio station and flexible spaces for artistic, education and administrative use in the community.

Developer: Pillsbury United Communities

Contractor: Flannery Construction

Lead Architect: Gensler Architects

EDUCATION & DAYCARE - URBAN UNIVERSITY OF MINNESOTA FRASER HALL

EDUCATION

DAYCARE - URBAN UNIVERSITY OF ST. THOMAS -

ARENA

GOVERNMENT - URBAN

HENNEPIN COUNTY

GOVERNMENT CENTER ATRIUM WINDOW REFURBISHMENT

MSP TERMINAL 1 AIRSIDE MODERNIZATION

NORTHEND COMMUNITY CENTER

PILLSBURY CREATIVE COMMONS

LISTENING HOUSE

NEON COLLECTIVE KITCHENS

GOVERNMENT - URBAN

HENNEPIN COUNTY GOVERNMENT CENTER ATRIUM WINDOW REFURBISHMENT

The Hennepin County Government Center Atrium Window Replacement project modernizes the glassenclosed atrium of the Hennepin County Government Center in downtown Minneapolis, a landmark civic facility serving courts, legal services, and county departments.

Developer: Hennepin County

Contractor: Stahl Construction

Lead Architect: Encompass

GOVERNMENT - URBAN NORTHEND COMMUNITY CENTER

The North End Community Center is a 25,000-squarefoot building featuring numerous state-of-the-art and sustainable amenities. The project is a regional leader in environmentally responsible construction, adhering to the State of Minnesota’s B3 sustainability program guidelines.

Developer: City of Saint Paul, Park & Recreation Department

Contractor: Donlar Construction

Lead Architect: Snow Kreilich Architects

GOVERNMENT - URBAN MSP TERMINAL 1 AIRSIDE MODERNIZATION

MSP’s Airport Modernization Program (AMP) was the most significant interior refresh of Terminal 1’s concourses since the terminal opened in 1962. Spanning six concourses, the project transformed heavily traveled spaces with brighter lighting, modern finishes, and updated technology.

Developer: Metropolitan Airports Commission, Delta Airlines

Contractor: JE Dunn Construction

Lead Architect: Gensler

GOVERNMENT - URBAN

PILLSBURY CREATIVE COMMONS

Pillsbury Creative Commons (PCC) is the new name of an expanded community arts and economic development hub in South Minneapolis. Built with a focus on wellness, artistic expression and sustainability, the building includes workforce training and artist residence space, a transformed KRSM community radio station and flexible spaces for artistic, education and administrative use in the community.

Developer: Pillsbury United Communities

Contractor: Flannery Construction

Lead Architect: Gensler Architects

GOVERNMENT

- URBAN

NEON COLLECTIVE KITCHENS

NEON Collective Kitchens is a 24,000-square-foot, two-story food business incubator in North Minneapolis, designed to support food entrepreneurs locally and regionally. Developed by Northside Economic Opportunity Network (NEON), a nonprofit organization, the facility includes eleven private commercial kitchens serving a range of business models.

Developer: Northside Economic Opportunity Network (NEON)

Contractor: Mortenson Construction

Lead Architect: LSE Architects

GOVERNMENT - URBAN LISTENING HOUSE

Since 1983, Listening House has provided daytime drop-in shelter and support for people experiencing homelessness. Having operated out of a church basement for most of its existence, the non-profit acquired a permanent location in St. Paul. Formerly a restaurant, Flannery Construction first gutted and remodeled the basement, main floor and exterior of the building, which included significant structural improvements.

Developer: Listening House

Contractor: Flannery Construction

Lead Architect: Rice – Stromgren Architects

OFFICE - URBAN

THE SKY LOUNGE AT RIVER PARK PLAZA

UNITY OFFICE BUILDING

BUSH FOUNDATION

SPS TOWER

OFFICE - URBAN

THE SKY LOUNGE AT RIVER PARK PLAZA

Honoring River Park Plaza’s history while accommodating the needs of today’s modern building tenants was the impetus to design a destination 7th Floor Sky Lounge amenity to attract tenants in a competitive corporate real estate market. Hospitality amenities celebrating St. Paul skyline views, high-tech conference spaces and flexible furniture solutions offer choices to maximize the tenant experience.

Developer: SARA Investment Real Estate

Contractor: Suntide Construction

Lead Architect: Archimea Interior Design

OFFICE - URBAN UNITY OFFICE BUILDING

This project involves the development of a four-story, multi-tenant office building featuring a contemporary architectural design. A key characteristic of the building is its modern metal panel façade, which provides a sleek, high-performance exterior while enhancing durability, energy efficiency, and long-term visual appeal.

Developer: Grass Roots

Contractor: Rochon Corporation

Lead Architect: LSE Architects

REAL ESTATE

OFFICE - URBAN SPS TOWER

SPS Tower is a 655,000-square-foot, Class A office tower located at 333 South Seventh Street in downtown Minneapolis. Owned debt-free by Sumitomo Corporation of Americas, the building has undergone a major repositioning focused on modern workplace experience, hospitality-driven amenities, and long-term asset resilience.

Developer: Sumitomo Corporation of Americas

Contractor: Mission Construction

Lead Architect: Studio BV

- URBAN BUSH FOUNDATION

Jay Kodytek jay.kodytek@rejournals.com | 612-940-3713

This project involved the relocation and interior renovation of the Bush Foundation’s headquarters at the 428 Building in Downtown Saint Paul. LSE Architects completed an initial feasibility study confirming the building’s alignment with Bush’s mission, commitment to the downtown community, and values centered on sustainability and occupant health.

Developer: NA.

Contractor: Zuri3

Lead Architect: LSE Architects

OFFICE

RETAIL / RESTAURANTNORTH

THE PARC

SI SENOR MEXICAN RESTAURANT

CHESTER BIRD AMERICAN LEGION RENOVATION

SLICK CITY MAPLE GROVE

RETAIL / RESTAURANT - NORTH THE PARC

The PARC, a revolutionary space for fitness, sports, wellness, and recovery, created their premier location spanning the 2nd floor in one of the newly constructed buildings at the National Sports Village in Blaine. This move reflects their growth and commitment to a healthy workplace and lifestyle.

Developer: PinPoint Community Development

Contractor: Doran Companies

Lead Architect: PlanForce

RETAIL / RESTAURANT - NORTH SI SENOR MEXICAN RESTAURANT

The Si Senor Mexican Restaurant + Retail Shell project consisted of the construction of a new single-story commercial building totaling roughly 7,500 square feet.  The restaurant space was designed to create a vibrant and welcoming dining destination that reflects the warmth and energy of traditional Mexican hospitality while providing a functional and efficient layout to support high-volume food service operations.

Contractor: Rochon Corporation

Lead Architect: Thielen & Green

- NORTH CHESTER BIRD AMERICAN LEGION RENOVATION

Renovation of an existing restaurant and bar and conversion of the space into the new Chester Bird American Legion Post location. Project components include a new pull tab booth, new bar area, bingo booth, large outdoor patio, new restrooms, new building signage, message board, and a complete overhaul of the existing kitchen areas.

Developer: Chester Bird American Legion Post 523

Contractor: D. J. Kranz Co., Inc.

Lead Architect: Thielen & Green

Slick City Action Park in Maple Grove transformed approximately 43,000 square feet of existing commercial space into Minnesota’s first indoor, multi-story slide and action park. The facility features a dramatic five-story slide tower, air courts, climbing attractions, and dedicated event areas designed for year-round use.

Developer: Slick City Maple Grove (Mike & Annie Kelly)

Contractor: The Bainey Group

RETAIL / RESTAURANT

RETAIL / RESTAURANT - NORTH SLICK CITY MAPLE GROVE

HOTEL / HOSPITALITY

THE PARC

THE SKY LOUNGE AT RIVER PARK PLAZA

BLACK BEAR CASINO EVENT CENTER CENTURY PLAZA / ROAMI

44° NORTH

Located in downtown Minneapolis across from the Minneapolis Convention Center, Century Plaza was reimagined in 2025 as a 149room hotel and new police station.  The mixed-use development includes a hotel with rooftop amenities and 36,000 square feet for a new First Precinct office for the Minneapolis Police Department.

Developer: Swervo Development Corporation

Contractor: Swervo Development Corporation

Lead Architect: RSP Architects

Congratulations to Avalon Apartments & Townhomes on the nominations!

www tridentdevelopmentmn com

HOTEL / HOSPITALITY

CENTURY PLAZA / ROAMI

THE PARC

The PARC, a revolutionary space for fitness, sports, wellness, and recovery, created their premier location spanning the 2nd floor in one of the newly constructed buildings at the National Sports Village in Blaine. This move reflects their growth and commitment to a healthy workplace and lifestyle.

Developer: PinPoint Community Development

Contractor: Doran Companies

Lead Architect: PlanForce

THE SKY LOUNGE AT RIVER PARK PLAZA

Honoring River Park Plaza’s history while accommodating the needs of today’s modern building tenants was the impetus to design a destination 7th Floor Sky Lounge amenity to attract tenants in a competitive corporate real estate market. Hospitality amenities celebrating St. Paul skyline views, high-tech conference spaces and flexible furniture solutions offer choices to maximize the tenant experience.

Developer: SARA Investment Real Estate

Contractor: Suntide Construction

Lead Architect: Archimea Interior Design

44° North is a $30 million mixed-use hospitality / residential development at 60 Main Street in downtown Winona. The fivestory project introduces the city’s first new downtown hotel in years, featuring approximately 75 hotel rooms and 24 upscale apartments overlooking the Mississippi River and nearby Levee Park.

Developer: Rivers Hospitality, Winona Real Estate Fund, City of Winona

Contractor: Wieser Brothers

Lead Architect: River Valley Architects

BLACK BEAR CASINO EVENT CENTER

Gardner Builders, in partnership with LSE Architects and the FDL Tribal Band, completed a new addition to the Black Bear Casino event center in the spring of 2025. This 27,000 sq. ft. expansion includes seven new spaces for hosting professional and entertainment events, along with a professional commercial kitchen and common areas for meetings and presentations.

Developer: Fond du Lac Development Corporation

Contractor: Gardner Builders

Lead Architect: LSE Architects

HOTEL / HOSPITALITY

HOTEL / HOSPITALITY

HOTEL / HOSPITALITY

MIXED-USE PROPERTY

ROWE RESIDENCES

THE NINE AT LEXINGTON STATION

MIRO APARTMENTS

THE FINCH

CENTURY PLAZA / ROAMI

MIXED-USE PROPERTY ROWE

RESIDENCES

Rowe Residences is a mixed-use community in downtown Victoria that blends modern living with the charm of a growing small-town main street. Developed and built by Roers Companies, the project features 125 luxury apartment homes above 8,700 square feet of retail space designed to activate the street level and serve the surrounding community.

Developer: Roers Companies

Contractor: Roers Companies

Lead Architect: Momentum Design Group

MIXED-USE PROPERTY

THE NINE AT LEXINGTON STATION

The Nine is a 6-story development located along Lexington Avenue in St. Paul. The building is half a block away from the light rail, and three blocks east of Allianz field, North of I-94. The massing of the building uses an “S” shape to create two elevated, amenity courtyards.

Developer: Alatus LLC

Contractor: Alatus LLC

Lead Architect: DJR

MIXED-USE PROPERTY

CENTURY PLAZA / ROAMI

Located in downtown Minneapolis across from the Minneapolis Convention Center, Century Plaza was reimagined in 2025 as a 149room hotel and new police station.  The mixed-use development includes a hotel with rooftop amenities and 36,000 square feet for a new First Precinct office for the Minneapolis Police Department.

Developer: Swervo Development Corporation

Contractor: Swervo Development Corporation

Lead Architect: RSP Architects

MIXED-USE PROPERTY MIRO APARTMENTS

Miro is a 7-story, modular multi-family development bringing needed affordable housing to a historically underserved area. Rooted in a “Design for the People” ethos, the project built local support through spaces that feel authentic to the community. 127 units, amenities, retail, and parking are packaged in an “L” shape where modules orient to maximize area and create dynamic massing.

Developer: Rise Modular

Contractor: Rise Modular

Lead Architect: DJR

MIXED-USE PROPERTY THE FINCH

The Finch is a seven-story, 276-unit residential community in Edina, positioned along Fred Richards Park with direct trail access and expansive park views. The project achieved Silver certification under the National Green Building Standard and Minnesota SB2030, demonstrating disciplined execution and sustainable performance.

Developer: Solhem

Contractor: Ironmark Building Company

Lead Architect: Momentum Design Group

INDUSTRIAL

RL Cold is a 292,000 SF speculative cold storage facility on a 28acre site in Lakeville, Minnesota (21700 Galway Lane), delivered July 2023–May 2025. The facility includes 220,000 SF of freezer space, a 54,000 SF cold dock, 11,560 SF of two-story office space, a 5,000 SF mezzanine, riser rooms and a pumphouse.

Developer: RL Cold

Contractor: Graycor

Lead Architect: Ware Malcomb

The Lebanon Hills Maintenance Facility’s new modern campus replaces outdated shop buildings within the Regional Park and provides muchneeded resources for Dakota County. The project enhances service capabilities for maintenance, natural resources, and visitor functions.

Developer: Dakota County

Contractor: Rochon Corporation

Lead Architect: UrbanWorks Architecture

INDUSTRIAL 610 JUNCTION 4

Building 4 at 610 Junction is a fully leased Class A industrial facility located at the highly visible intersection of U.S. Highways 169 and 610. The project features high-quality construction, modern industrial functionality, and strong curb appeal within a professionally planned business environment.

Developer: United Properties-Connor McCarthy

Contractor: ARCO Murray

Lead Architect: GMA Architects

INDUSTRIAL LAKEVILLE LOGISTICS

Lakeville 35 Logistics is a 189,000 SF industrial building on a 16-acre site constructed in 2025. The team undertook an intensive value engineering effort, navigated evolving access requirements, and put a creative financing package in place. Likewise Partners finalized lease agreements with two tenants as the building was completed and is experiencing robust interest in the remaining space.

Developer: Likewise Partners

Contractor: Gardner Builders

Lead Architect: Edward Farr Architects

INDUSTRIAL KEMPS DISTRIBUTION

The Kemps project in Minneapolis delivered a 40,000-square-foot cold storage and dairy distribution facility within an existing industrial structure. The project included significant structural upgrades, reinforced slabs on grade, masonry construction, and new loading dock infrastructure to support high-performance distribution operations.

Developer: Zenith IOS

Contractor: The Bainey Group

Lead Architect: Colliers Architecture

INDUSTRIAL PAR SYSTEMS AT SEVEN LAKES

PAR Systems is a global leader in engineered automation solutions, designing and building custom manufacturing systems for the world’s most complex and mission-critical industries.  Based in Shoreview, the new 140,000 SF headquarters and state-of-the-art production facility was designed adjacent to the company’s existing facilities, giving them space to expand capabilities, and room to boost capacity by 40%.

Developer: PAR Systems, United Properties, Scannell Properties (Master Developer)

Contractor: RJ Ryan Construction

Lead Architect: Pope Design Group

LIFETIME ACHIEVEMENT

DAVID FRAUENSHUH

David Frauenshuh has 56 years of experience in the commercial real estate industry. With his extensive history in real estate and market expertise, he has built a reputation for himself as well as for Frauenshuh, Inc. as an industry leader and trusted partner and advisor to its clients. David has built and leads an organization focused on creative real estate solutions and property ownership, management, and investment both locally and nationally. The name Frauenshuh is synonymous with honesty and integrity.

Frauenshuh, Inc. has vast expertise in the areas of development, corporate real estate services, project management, property management and financing within the commercial, office, medical and institutional sectors. Over the years, David has provided strategic solutions for many organizations as it relates to their business model as well as site, facilities, and real estate portfolio optimization. Significant projects include development of LaSalle Plaza, Infor Commons and St. Francis Hospital in the Twin Cities metropolitan area as well as many renowned medical facility projects around the country.

Mr. Frauenshuh is a graduate of Minnesota State University Mankato and a recipient of their Distinguished Alumni Award. A native of the Saint Paul area, he is a member of the National Association of Industrial and Office Parks and the Building Owners and Management Association founding member RPA designation). In 2010, David was honored with the prestigious Minnesota Business Hall of Fame Award, recognizing top business leaders across the state. David’s entrepreneurial endeavors have spanned into hospitality and restaurant franchisee ownership, energy, data centers, and the pharmaceutical medical sectors.

David humbly supports many causes that improve communities ranging from the Frauenshuh Cancer Center located on the Methodist Hospital campus to Globe Serve International, as sponsor of a K-12 school in Ghana, West Africa. Throughout his career, he has supported and served on the boards of many for-profit and nonprofit organizations, including: Economic Club of Minnesota

(Founder and Board Member), The Salvation Army (National Advisory Board), Federal Home Loan Bank of Des Moines (Federal Housing Finance Board), National Prayer Breakfast (Business Leaders Committee), Children’s House Hawaii (Board of Trustees), Minnesota Prayer Breakfast (Chairman), Minnesota Military Family Foundation (Board Member), Concordia University – St. Paul (Chairman, President’s Advisory Board), and Minnesota Private Business Council (Founder and Board Member). In addition to his many contributions to business and non-profit philanthropy, David remains actively involved in Christian outreach and missionary work with several charitable organizations

PREVIOUS LIFETIME ACHIEVEMENT AWARDS

2025 GEORGE SHERMAN

George Sherman has planned and delivered multi- and single-family housing for more than 46 years. As principal in developing more than 11,900 rental units and more than 1,400 for-sale housing units, the total value of his development portfolio exceeds $4 billion. George is recognized as an industry veteran favored by cities and development partners for his ability to commit to a vision for development and deliver the expected results. George is involved with all aspects of Sherman’s development efforts of both the Market-Rate and Tax Credit Multifamily divisions, as well as the Commercial, Hospitality, and Retail developments. George is a sought-after speaker at real estate development and urban planning seminars because of the wealth of insight and foresight his development experience provides. George is former board chairman of the Central Community Housing Trust and previously served on the board for the Minnesota Housing Partnership.

2024 MARK RAUENHORST

Of his many achievements in commercial real estate, Mark Rauenhorst considers developing high-performing teams to be one of the most significant. For Mark, it is all about the people and leading teams that are centered by values and ethics, that are proud to work together and have fun doing it. Because real estate is a complicated business, he believes it’s important to treat people with respect. For more than 28 years, Mark worked for several Opus companies before retiring from Opus at the end of 2009. The combination of its employees, culture and unique project delivery method is what truly differentiates the company. He is proud that Opus continues to be a place where people can have very fulfilling careers, deliver great projects for clients and in the end, be happy with their achievements and the work-life balance they had in the process.

2023 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.

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 Minneapolis-St. Paul Business Journal, “Executive of the Year” by the Minnesota Real Estate Journal.

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.

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.

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.

2021 SID BADER

2020 JOHN ALLEN

2019 GARY HOLMES

OFFICE - SUBURBAN

EAGAN CENTRAL

MERIDIAN TWO

BGS LAW OFFICE

ABDO SOLUTIONS CORPORATE

OFFICE EXPANSION

TKDA

ZINPRO

PM&J

HIGH STAKES VENTURE MULTITENANT OFFICE BUILDING

SICK PHASE II

GRADIENT FINANCIAL GROUP

RUBUS STATION

HORNIG COMPANIES OFFICE REMODEL

Meridian Two, owned and operated by Piedmont Realty Trust, was nearly vacant in 2024 when Piedmont partnered with Perkins&Will and Greiner Construction to reposition the building as a fully amenitized Class A+ office environment.

Developer: Piedmont Realty Trust

Contractor: Greiner Construction

Lead Architect: Perkins & Will

Eagan Central is a repositioned, Class A, 83,673 SF, threelevel office building located in the heart of Eagan’s suburban commercial district. With amenities within 1-3 blocks, it offers an unmatched location that is uniquely positioned to complement & meet the demands of today’s marketplace & its tenants.

Contractor: Multiple: CBS, Zachary Construction

Lead Architect: Tanek

OFFICE - SUBURBAN EAGAN CENTRAL

OFFICE - SUBURBAN MERIDIAN TWO

TKDA is a multidisciplinary engineering and architecture firm that envisioned a new headquarters to support its evolving workflow and growing team. The goal was to consolidate its former five-floor St. Paul office into an 85,000-squarefoot, two-level workplace reflecting its collaborative culture.

Developer: Ryan Companies

Contractor: Mission Construction

Lead Architect: PlanForce

Zinpro, a global leader in advancing animal nutrition and health, relocated and expanded its office to support continued growth. Spanning the 8th floor of the Flying Cloud Drive building in Eden Prairie, the 23,000+ square-foot space blends strong brand expression with smart, functional design.

Developer: Ryan Companies

Contractor: MP Johnson Construction

Lead Architect: PlanForce

DJR approached the Barna, Guzy & Steffen (BGS) Law Firm renovation with the goal of transforming the space to better fit the BGS’s values – being approachable, reliable and a leader in their industry for their clients. DJR re-worked the original floor plans of the two-floor suite to create additional, functional workspaces, define better separation from employee and client spaces, and added new spaces such as a fresh breakroom, and multi-functional wellness room.

Contractor: Timco Construction

Lead Architect: DJR

Abdo, a leading full-service accounting and advisory firm based in Minnesota, had outgrown its space and was looking to expand and create a destination workplace to motivate employees in their return to the office.

Contractor: The Bainey Group

Lead Architect: Pope Design Group

OFFICE - SUBURBAN

LAW OFFICE

OFFICE - SUBURBAN

ABDO CORPORATE OFFICE EXPANSION

OFFICE - SUBURBAN TKDA

OFFICE - SUBURBAN ZINPRO

HIGH STAKES VENTURE MULTI-TENANT OFFICE BUILDING

As a leader in manufacturing and private label partnering for pet accessories, apparel, and home goods, PM&J’s two-phase remodel and expansion at 6101 Baker Road in Minnetonka reflects their commitment to a vibrant, branded workspace that showcases their new identity while supporting growing operations.

Developer: Capital Partners

Contractor: Anderson CC

Lead Architect: PlanForce

Rubus Station stands as one of the most compelling repositioning stories in the Twin Cities office market — a building written off as a stranded suburban asset that Buhl Investors transformed into a fully leased, credit-tenanted regional headquarters through vision, patience, and relentless creative problem-solving.

Developer: Buhl Investors

Contractor: Sever Construction

Lead Architect: RSP Interior/Mohagen Hansen Exterior

Greystone Construction developed and built the 28,700-squarefoot Class-A High Stakes Venture Multi-Tenant Office Building, a two-story facility featuring mass timber, structural steel, and striking architecture by Tushie Montgomery Architects. Located within Shakopee’s growing Winners Circle development near Canterbury Park, the project contributes to a rapidly expanding commercial and entertainment district.

Developer: Greystone Construction

Contractor: Greystone Construction

Lead Architect: Tushie Montgomery Architects

SICK Phase II is a 145,000 SF ground-up expansion and addition to SICK Sensor Intelligence’s North American headquarters. The project includes a four-story atrium with skylights and a grand central staircase, cantilevered communicating stairs, a metal-clad auditorium overlooking the atrium, and a skyway connection linking campus buildings.

Developer: SICK Sensor Intelligence

Contractor: Ancoats

Lead Architect: Clow Berg Architects

OFFICE - SUBURBAN SICK PHASE II

OFFICE - SUBURBAN RUBUS STATION

OFFICE - SUBURBAN PM&J

OFFICE - SUBURBAN

OFFICE - SUBURBAN GRADIENT FINANCIAL GROUP

Gradient Financial Group offers a diverse portfolio of products and services to independent financial services professionals. They also offer a full-service creative design firm and large training facility to present in-house educational events for existing and prospective clients.

Contractor: M Square, LLC

Lead Architect:

OFFICE - SUBURBAN HORNIG COMPANIES OFFICE REMODEL

Completed in 2025 in St. Louis Park, Minnesota, the Hornig office remodel reimagines the workplace for a real estate firm. The project transformed an outdated office into a collaborative environment reflecting Hornig’s culture. Flexible workspaces, open gathering areas, and meeting rooms support teamwork while accommodating hybrid work styles.

Developer: Hornig Companies (self developed)

Contractor: Gardner Builders

Lead Architect: Tanek, Inc.

REDEVELOPMENTSUBURBAN

NINETY9 LOFTS LUXURY RENOVATION

APX CONSTRUCTION GROUP HEADQUARTERS

VAGABONDO

HUNT ELECTRIC HEADQUARTERS

FORCE ON FIFTH AVENUE

REDEVELOPMENT - SUBURBAN

APX CONSTRUCTION GROUP HEADQUARTERS

The redevelopment of 1531 Madison Avenue is a story of reinvention. Once a long-vacant warehouse along one of Mankato’s busiest corridors, it is now a 60,000+ square foot hub for business, retail, and community connection.

Developer: APX Construction Group

Contractor: APX Construction Group

Lead Architect: Olsen Hobbies Architecture

REDEVELOPMENT - SUBURBAN

NINETY9 LOFTS LUXURY RENOVATION

Ninety9 Lofts, is a 99-unit apartment complex, directly on the Mississippi River. Our business plan transformed and revitalized Ninety9 Lofts into a luxury apartment complex with luxury finished and top line amenities.

Developer: Endurus Capital

Contractor: Skyline Real Estate Services

Lead Architect: Studio H Interiors

REDEVELOPMENT

-

SUBURBAN

HUNT ELECTRIC HEADQUARTERS

Hunt Electric, a rapidly growing national electrical design, build, and maintenance firm, transformed the Eagan Innovation Center, a former office/warehouse/assembly facility, into a dynamic headquarters purpose-built for Hunt’s culture and expanding operations.

Developer: Hunt Electric & Tegra Group

Contractor: Ryan Companies

Lead Architect: Pope Design Group

REDEVELOPMENT - SUBURBAN

FORCE ON FIFTH AVENUE

The former Ordean Building, the gateway to downtown Duluth’s business district, has been completely redeveloped and converted from an outdated and largely empty former non-profit office building to a beautiful, modern, welcoming and vibrant boutique hotel which also has one floor of commercial as well.

Developer: Titanium Partners

Contractor: T2

Lead Architect: Widseth Architecture

REDEVELOPMENT - SUBURBAN

VAGABONDO

Located within a historic Minneapolis building, Vagabondo and its basement counterpart, Capuchin, reimagine a single structure as two distinct yet connected hospitality experiences. The main level, Vagabondo, is a lively, Italian-inspired restaurant and bar that celebrates travel, gathering, and craft.

Developer: Fhima Family

Contractor: Ungerman

Lead Architect: Studio Grey

Speakers:

Alexx Smith - University Gateway Corporation

Audrey Janzen - AJ Dagny Company

Becca Krieger - Capital Partners

Brenda Grams - Cushman & Wakefield

Brian Wessels - Intent Built, Inc.

PROPERTY MANAGEMENT

Chad Haller - 10K Architecture, PLLC

Cori Kuechenmeister - Shea

Dana Twum - CBRE

David Filak - NELSON Worldwide

Emily Marden - BDH

Jamie Korzan - Oppidan

Katie Bongard - Transwestern

Larry Olimb - Carlson Real Estate

Lauren VanRanst - HJ Development

Mel Schultz - NAI Legacy

Mike Doyle - Kenwood Commercial

Mitch Kall - Modern Commercial

Mitch Robertson - Suntide Commercial Realty, Inc.

Patrick Seng - JLL

Rob Stangler - Intent Built, Inc.

Spencer Crittendon - Gardner Builders

Tracy Jordre - JLG Architects

For More Information:

Jeff Johnson jeff.johnson@rejournals.com | 612-819-0385

Jay Kodytek jay.kodytek@rejournals.com | 612-940-3713

INTERIOR DESIGNSUBURBAN NORTH

NINETY9 LOFTS - SIGNIFICANT REMODEL

BGS LAW OFFICE

THE PARC

MINNESOTA LOTTERY HEADQUARTERS

GRADIENT FINANCIAL GROUP

THE WINN AT GOLDEN VALLEY

INTERIOR DESIGN - SUBURBAN NORTH BGS LAW OFFICE

DJR approached the Barna, Guzy & Steffen (BGS) Law Firm renovation with the goal of transforming the space to better fit BGS’s values – being approachable, reliable and a leader in their industry for their clients.

Contractor: Timco Construction

Lead Architect: DJR

INTERIOR DESIGN - SUBURBAN NORTH MINNESOTA LOTTERY HEADQUARTERS

A lease renewal reshaped how 150 state employees work. Minnesota Lottery’s 60,000 SF Roseville headquarters was a maze of enclosed rooms blocking daylight and departments scattered across floors. Design began with programming sessions where every department leader mapped workflows, compliance separations, and adjacency needs.

Developer: N/A – Existing Building

Contractor: Anderson CC

Lead Architect: BDH

GRADIENT FINANCIAL GROUP

Gradient Financial Group offers a diverse portfolio of products and services to independent financial services professionals. They also offer a full-service creative design firm and large training facility to present in-house educational events for existing and prospective clients.

Contractor: M Square, LLC

Lead Architect:

LOFTS - SIGNIFICANT REMODEL

Ninety9 Lofts, is a 99-unit apartment complex, directly on the Mississippi River. Our business plan transformed and revitalized Ninety9 Lofts into a luxury apartment complex with luxury finished and top line amenities.

Developer: Endurus Capital

Contractor: Skyline Real Estate Services

Lead Architect: Studio H Interiors

THE WINN AT GOLDEN VALLEY

The Winn at Golden Valley is a $98 million, 303-unit apartment community developed by Sentinel Management Company and Monarch CRE in Golden Valley, Minnesota. Designed by ESG and constructed by Big-D Construction, the community features studio through three-bedroom homes along with a hospitality-inspired amenity collection including a rooftop sky lounge and sky deck.

Developer: Sentinel Management Compnay

Contractor: Big-D Construction

Lead Architect: ESG Architecture & Design

The PARC, a revolutionary space for fitness, sports, wellness, and recovery, created their premier location spanning the 2nd floor in one of the newly constructed buildings at the National Sports Village in Blaine. This move reflects their growth and commitment to a healthy workplace and lifestyle..

Developer: PinPoint Community Development

Contractor: Doran Companies

Lead Architect: PlanForce

INTERIOR DESIGN - SUBURBAN NORTH NINETY9

INTERIOR DESIGN - SUBURBAN NORTH THE PARC

INTERIOR DESIGN - SUBURBAN NORTH

INTERIOR DESIGN - SUBURBAN NORTH

BROKERAGE FIRM OF THE YEAR

COMMERCIAL EQUITIES GROUP DAVIS

MARCUS & MILLICHAP

MICHEL COMMERCIAL REAL

TRADITION COMMERCIAL REAL ESTATE LLC

TRANSWESTERN REAL ESTATE SERVICES

Davis is the nation’s leading real estate firm focused exclusively on healthcare, delivering exceptional full-service solutions tailored to their client’s unique objectives. Within its brokerage division, Davis maximizes value by leveraging unmatched expertise, market knowledge and industry relationships to craft impactful solutions. For landlords, strategic marketing and tenant curation secure long-term occupancy and maximize asset value. For tenants, comprehensive market analysis identifies optimal locations to position practices for sustainable growth. For investors, Davis identifies medical assets that provide stable, growing cash flow. Further, its integrated property management, accounting, marketing and architecture services ensure seamless execution from acquisition through daily operations.

Commercial Equities Group (CEG) is Owned by MN licensed broker and Army veteran Jeff Salzbrun. We are a real estate network of brokers, investors, and other professionals that specialize in buying, selling, leasing, investing in, and management of commercial properties. Based in Minneapolis and St. Cloud, our team is here to assist with strategic real estate advisory, transaction management, portfolio management, investment purchasing and sales, and financing in both debt and equity markets Although Minnesota-based, we have helped clients in Puerto Rico, New Mexico, Florida, California, and Canada.

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. Marcus & Millichap closed 8,818 transactions with a sales volume of $50.8 billion in 2025. The company had 1,808 investment sales and financing professionals in more than 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate at year end.

BROKERAGE FIRM OF THE YEAR COMMERCIAL EQUITIES GROUP

BROKERAGE FIRM OF THE YEAR DAVIS

BROKERAGE FIRM OF THE YEAR

MARCUS & MILLICHAP

Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide.

At TCRE, every transaction is built on long-term relationships and strategic vision. We see each client as a valued partner, not just a project. 2025 marked a pivotal year for Tradition Commercial Real Estate LLC. The foundational investments made in 2024 culminated in explosive growth, validating our long-term strategy and establishing a new benchmark for performance. Our mission is our promise, providing our clients with unparalleled commercial real estate services and support with a commitment to delivering the best possible care and solutions.

Michel Commercial Real Estate is a leading multifamily brokerage firm, proudly serving Minnesota and the Upper Midwest since 1987. Specializing exclusively in apartment building sales, valuations, advisory services, and market analysis, we bring decades of focused expertise to every transaction. Our seasoned team combines deep local knowledge with personalized service, delivering strategic guidance, comprehensive marketing, and strong negotiation to achieve exceptional results for property owners and investors. Built on integrity, trust, and long-term relationships, Michel Commercial continues to set the standard for professionalism and client-centered service in the multifamily industry.

Transwestern is a full-service commercial real estate company driven by dedication and aligned to own the outcome for clients, investors, and partners. Our experience spans diverse property types, including office, logistics, multifamily, retail, mixed-use, healthcare, hotel and life sciences. We lease and operate over 322 million square feet, and we have completed or commenced development on more than $9 billion of real estate projects since 2012. Our award-winning, collaborative culture empowers over 2,200 team members with the resources to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results.

BROKERAGE FIRM OF THE YEAR

MICHEL COMMERCIAL REAL ESTATE

BROKERAGE FIRM OF THE YEAR NORTHMARQ

BROKERAGE FIRM OF THE YEAR

BROKERAGE FIRM OF THE YEAR

TRANSWESTERN REAL ESTATE SERVICES

MOST SIGNIFICANT LEASE TRANSACTION IN 2025

BIOLABS LEASE AT TWO DISCOVERY SQUARE

REALTY INCOME

MAS HVAC

MERIDIAN

MICRO CONTROL COMPANY

SCHWANS AT 9320 EXCELSIOR

SPS COMMERCE HEADQUARTERS

MOST SIGNIFICANT LEASE TRANSACTION IN 2025

BIOLABS LEASE AT TWO DISCOVERY SQUARE

For an innovation ecosystem to be successful, there needs to be a driving institution, development support, physical infrastructure, and an operator to make it possible for entrepreneurs to succeed. Mortenson, Mayo Clinic, The DMC, and Biolabs worked together to bring a world-class shared lab space provider to Rochester at Two Discovery Square.

MOST SIGNIFICANT LEASE TRANSACTION IN 2025 SPS COMMERCE HEADQUARTERS

SPS Commerce renewed its 200,000-square-foot headquarters lease at SPS Tower in downtown Minneapolis, committing to a new 15-year term and reaffirming its long-term presence in the urban core. The renewal spans floors three through ten of the 31-story Class A tower and includes a planned office renovation to support the company’s continued growth. At a time when many corporations are downsizing or relocating, this transaction secured one of Minnesota’s largest publicly traded companies as an anchor tenant through 2040, representing one of the most significant long-term lease commitments in the Twin Cities market in 2025.

9320 EXCELSIOR

MOST SIGNIFICANT LEASE TRANSACTION IN 2025 SCHWANS AT

Schwan’s at 9320 Excelsior Crossings was the first and most important lease that kicked off the former Cargill HQ into a Class A multi-tenant building for Piedmont Realty Trust.  Schwan’s was looking to significantly improve their employee experience, while increasing efficiency and collaboration and chose 9320 Excelsior Crossings.  Schwan’s was able to consolidate their business operations from four floors at their former office building into two floors at 9320 Excelsior Crossings by designing and building a best-in-class food marketing and test kitchen office space at as well as lowering their overall occupancy costs.

INCOME

A former Wild Bill’s Sports Saloon property at 300 17th Ave NW in Rochester, MN was re-leased and redeveloped to Chick-fil-A. The existing restaurant building was demolished and replaced with a new approximately 6,500-square-foot Chick-fil-A prototype restaurant. The location opened on November 6, 2025 as the brand’s second restaurant in Rochester and includes dine-in, drivethru, and take-out service. The project represents the repositioning of a former local restaurant site into a national quick-service tenant and is expected to bring approximately 100 jobs to the community.

MAS HVAC completed an approximately 200,000 sf build-tosuit in Maple Grove just a few years ago.  But because of the incredible demand from the data center world, they quickly needed to scale up to accommodate client needs. Fortunately, The Cubes in Dayton had 500,000 sf available and ironically enough, the private equity company they just partnered with, also owned States Mfg – the other tenant at The Cubes.  It was a perfect fit that ultimately resulted in a 12-year, 503,000 sf lease.  MAS is also keeping the 200,000 sf in Maple Grove.

Newmark represented Piedmont Realty Trust in the lease-up of Meridian, a nearly 400,000-square-foot office campus in Richfield, Minnesota. Enabled by a $10 million renovation, Newmark’s Steve Shepherd and Matt Elder led the leasing strategy and execution, securing key tenants including Barr Engineering (occupying three floors in Meridian One), Nepsis Inc., United Bankers’ Bank, Weis Builders, Carrousel Travel, Sequoia Financial Group, AgriBank FCB, Bearing Point Capital and CESO Inc. The transactions quickly drove occupancy from 8% after the move-out of an anchor tenant to 66%, with additional deals expected to bring the campus to over 90% leased.

Micro Control Company signed a 16-year lease for a 157,000-squarefoot built-to-suit industrial headquarters at Rice Creek Commons in Arden Hills, Minnesota, marking the company’s first relocation. Developed by Ryan Companies, the project represents phase one of a 40-acre commercial parcel on the former Twin Cities Army Ammunition Plant, a redeveloped Superfund site. The tenant was represented by Jim Damiani and Matt Elder of Newmark, with project management by Karen Barron and Taya Rettler. Ryan Companies was represented by Jon Rausch and Todd Hansen of Cushman & Wakefield. Groundbreaking occurred in April 2025, with occupancy planned for summer 2026.

MOST SIGNIFICANT LEASE TRANSACTION IN 2025 REALTY

PROJECT MANAGER OF THE YEAR

CALEB ROBINSON

GREG LAVERE

MATT FORNASIERE

RODNEY HINTZ

TYLER LENZNER

Tyler Lenzner is a Senior Project Manager at Knutson Construction with 15 years of experience delivering complex, high_impact projects. His work spans education, science and technology, and power and electrical systems, with a strong focus on advanced healthcare facilities. A Certified Healthcare Constructor (CHC), Tyler is known for leading large, multifaceted projects that demand smart scheduling, tight coordination, and creative problem_solving. He’s a collaborative, people_first leader who takes pride in mentoring emerging professionals and building strong, trusted partnerships with clients.

PROJECT MANAGER OF THE YEAR

Greg serves as Director of Construction, leading data center, multifamily, child care, and retail projects. He manages construction and technical budgets, maintains client relationships, oversees schedule and quality, and supports proforma development and contract negotiations. Before Oppidan, he led the national construction program at Buffalo Wild Wings, helped deliver U.S. Bank Stadium with Hammes Co., and managed special projects, remodels, and new stores at Target. Greg studied Electrical Design & Management at Dunwoody and Industrial Management at UW–Stout. Outside work, he enjoys time outdoors with his family—skiing in winter and mountain biking and camping in summer.

PROJECT MANAGER OF THE YEAR CALEB

ROBINSON

SHARPER MANAGEMENT LLC

Caleb is a community manager with Sharper Management. He comes from a service industry background. Since joining our firm in 2022, his service industry experience and general desire to want to help people has allowed him to quickly grow from a Client Care representative to a portfolio manager. He manages a complex load of townhomes and condo buildings throughout the metro area.  In addition to his day-to-day property management responsibilities, Caleb is also heavily involved in the IT infrastructure and day-to-day technology needs of Sharper Management.

Rodney is a seasoned project manager with 25 years of experience in healthcare real estate, known for his collaborative approach and ability to turn client visions into successful medical facilities. He has overseen millions of square feet of construction, including Ambulatory Surgery Centers, specialty clinics, and hospital modernization projects. With deep expertise in construction processes, material pricing, and labor costs, Rodney is a trusted advisor to clients seeking clarity and efficiency. His strength in identifying cost_saving opportunities and delivering accurate forecasts keeps projects on schedule and on budget, whether for renovations, ground_up developments, or tenant improvements.

As Director of Construction, Matt is responsible for the construction management of Oppidan’s data centers across the United States.   Matt’s contributions play a significant role in the success of Oppidan’s expanding national footprint.  Matt joined Oppidan in 2021 as an experienced construction project manager.When Matt is not working, he enjoys golfing, DIY projects and going to youth, college and professional baseball games. Matt and his wife along with their three kids enjoy boating, fishing, swimming at the family pool and participating in youth sports.

PROJECT MANAGER OF THE YEAR

MATT FORNASIERE OPPIDAN

PROJECT MANAGER OF THE YEAR

RODNEY HINTZ MSP COMMERCIAL

PROJECT MANAGER OF THE YEAR

TYLER LENZNER KNUTSON CONSTRUCTION

June 4, 2026

8:00am - 12:00pm

8:00am Breakfast & Networking

The Club at Golden Valley

Speakers:

Abe Roberts - Marcus & Millichap

Andrew Moeding - Enclave

Angie French - Mid Continent Management Corporation

Anika Nelson - Timberland Partners

Cathy Capone Bennett - Twin Cities Housing Alliance

Cecil Smith - Minnesota Multi Housing Association

Clinton Blaiser - Halverson and Blaiser Group Ltd.

Dylan Steman - Northmarq

Heidi Addo - Michel Commercial Real Estate

Jaime Perron - Saturday Properties

Jeff Anneke - DBS Group

John Bailey - Weidner Apartment Homes

Joseph Peris - JLL

Josh Hinchley - Sentinel Management Company

Kayla Gibbons - Level 10 Property Management

Keith Collins - CBRE

Laura Russ - Shenehon Center for Real Estate at St. Thomas

Mary Bujold - Maxfield Research and Consulting

Matt Hozza - Kleinman Property Management

Sean Sweeney - Hall Sweeney Properties

Steve Wolf - Roers Companies

Todd Dexheimer - Endurus Capital

Sponsors:

EMERGING LEADER OF THE YEAR - BROKERAGE

BRIAN BRUGGEMAN

DANNY CALLAHAN

DYLAN STEMAN

ELENA BRANCA

HUNTER WILLIAMSON

SAM GLEASON

EMERGING LEADER OF THE YEAR - BROKERAGE

DANNY CALLAHAN

TRANSWESTERN

Danny is an Associate in Transwestern’s Minneapolis office, specializing in Tenant Advisory + Workplace Solutions. He advises both tenants and buyers across office, industrial, and flex assets. Representing both emerging local growth companies and large national portfolio organizations, he helps clients align real estate strategies with long-term business goals and navigate complex market decisions with confidence.

EMERGING LEADER OF THE YEAR - BROKERAGE BRIAN BRUGGEMAN

COLLIERS | MINNEAPOLIS - ST. PAUL

Brian Bruggeman is a Senior Vice President and Healthcare Fellow at Colliers Minneapolis–St. Paul and a recognized leader in healthcare real estate. Over his 16-year career, he has completed more than 3 million square feet of transactions totaling $800 million in consideration. A trusted

Sam Gleason has been a member of the Cushman & Wakefield three-person agency leasing team for almost five years. He specializes in leveraging online marketing resources and, because of his accounting background, can identify multiple pathways and avenues that lead to his client’s financial goals being achieved.

EMERGING LEADER OF THE YEAR - BROKERAGE ELENA BRANCA

Elena Branca is an Associate Director on Newmark’s Minneapolis tenant advisory team, known for her collaborative approach, client focus and strong interpersonal skills. Since joining in 2021, she has helped clients across the Twin Cities meet financial and operational objectives, serving as lead broker on more than 100,000 square feet in 2025 and contributing to her team’s 880,000-square-foot, $300 million year.

EMERGING LEADER OF THE YEAR - BROKERAGE DYLAN STEMAN

Dylan Steman is vice president in Northmarq’s Minneapolis office, specializing in multifamily investment sales across Minnesota. He is intensely client-focused, guiding clients through acquisitions and dispositions with a results-driven approach and keen attention to detail.Since joining Northmarq in 2023, Dylan has made a

AFFORDABLE HOUSINGSUBURBAN

HARBOR HIGHLANDS VI

CROFT AT ROSECOTT

CARVER PLACE APARTMENTS

BLUESTEM

CALLISTO COMMONS

DECATUR LANDING

THE JUNIPER

AFFORDABLE HOUSING - SUBURBAN HARBOR HIGHLANDS VI

Harbor Highlands VI is a thoughtfully designed five-building, 40-unit affordable housing development constructed for the Duluth Housing & Redevelopment Authority. The project expands critical housing availability in the Duluth market while carefully responding to the challenges of a sloped site and integrating into the surrounding neighborhood.

Developer: Duluth Housing & Redevelopment Authority

Contractor: Rochon Corporation

Lead Architect: LHB

AFFORDABLE HOUSING - SUBURBAN CROFT AT ROSECOTT

Croft at Rosecott expands affordable housing options in Rosemount with 164 units designed primarily for growing families. Drawing from the rural “croft,” the development shapes a community grounded in connection and shared space. The four-story building compliments the adjacent residential scale and accommodates needed density with one- to three-bedroom layouts.Shared amenities support daily life and connection.

Developer: Schafer Richardson

Contractor: Bauer Design Build

Lead Architect: UrbanWorks Architecture

AFFORDABLE HOUSING - SUBURBAN CARVER PLACE APARTMENTS

Carver Place Apartments is a 68-unit affordable family housing development in Carver, Minnesota. The building totals 96,600 gross square feet with 95 parking stalls. Funding came through the Minnesota Housing Finance Agency, and the project meets Green Communities sustainability standards and the SB 2030 energy program.

Developer: Carver County CDA

Contractor: Frana Companies

Lead Architect: Kaas Wilson Architects

AFFORDABLE HOUSING - SUBURBAN CALLISTO COMMONS

This project is a 169-unit affordable apartment building located in Fridley, MN. It is comprised of 5-stories and features a fitness center, community room and patio, dog run, and a children’s playground.

Developer: Roers Companies

Contractor: Roers Companies

Lead Architect: Kaas Wilson Architects

AFFORDABLE HOUSING - SUBURBAN DECATUR LANDING

Decatur Landing is a two-building, 350-unit affordable apartment development in Brooklyn Park, MN. Together, the two buildings form a cohesive residential community on a previously vacant site. The development includes a fitness center, community room, patio, dog run, and children’s playground.

Developer: Real Estate Equities

Contractor: Big-D Construction

Lead Architect: Kaas Wilson Architects

AFFORDABLE HOUSING - SUBURBAN BLUESTEM

Bluestem is a 52-unit affordable housing development serving lowincome seniors. 36 units are restricted at or below 30% AMI, with the remaining units carrying 60% AMI restrictions. The building stands out for its cost-effective build, while maintaining elevated design standards.

Developer: Trellis

Contractor: Frana Companies

Lead Architect: Kaas Wilson Architects

AFFORDABLE HOUSING - SUBURBAN THE JUNIPER

Located in Maplewood’s Gladstone neighborhood, The Juniper provides 65 affordable housing units. Larger apartments support multigenerational living, while 14 units are set aside for those enrolled in supportive housing programs. The design emphasizes practical housing that remains comfortable and secure, with supportive services available on site.

Developer: JB Vang

Contractor: Flannery Construction

Lead Architect: UrbanWorks Architecture

GENERAL CONTRACTOR OF THE YEAR

DORAN

JE DUNN CONSTRUCTION

JLS DESIGN + BUILD LLC

ROERS COMPANIES

Roers Companies is a nationally recognized multifamily real estate firm powered by in-house development, construction and property management. Headquartered in Plymouth, Minn., the company partners with individual investors to deliver marketrate, mixed-use, and 55+ communities across the United States. It also builds and operates affordable and workforce housing. Since 2012, Roers Companies has developed more than $4 billion in real estate across the Midwest, South, Southeast, and Mountain Southwest regions of the United States. Learn more at roerscompanies.com.

JE Dunn believes it’s not just what we build — but how we build it that matters most. With over 100 years of experience, we work side by side with our partners to elevate outcomes and build relationships that last long after the work is done. Because for us, it’s not just about projects — it’s about the journey.

JLS Design Build is a construction management company focusing on multifamily residential new construction, specialty commercial and mixed use projects. JLS specializes in complex urban new construction and large value-add projects. JLS performs design build projects with its vertically integrated team. From leading technology based estimating and project management software to the core values and principles of the company, JLS is leading the boutique mid-size urban construction market. www.jlsdesignbuild.com

Doran Companies is a fully integrated, premier commercial and residential real estate enterprise headquartered in Bloomington, MN. We’re one of the largest woman-owned businesses in Minnesota and the largest woman-owned general contractor in the upper Midwest. With a proven reputation built on transparency, dedication, and curiosity, we are committed to delivering impactful projects with expert development, design, construction, and property management teams. Together, we build pride and value in real estate

GENERAL CONTRACTOR OF THE YEAR DORAN

GENERAL CONTRACTOR OF THE YEAR JE DUNN CONSTRUCTION

GENERAL CONTRACTOR OF THE YEAR JLS DESIGN + BUILD LLC

GENERAL CONTRACTOR OF THE YEAR ROERS COMPANIES

COMPANY OF THE YEARCOMMERCIAL

CAPITAL PARTNERS MANAGEMENT

KABSKYE INVESTMENTS

MSP COMMERCIAL

TRANSWESTERN REAL ESTATE SERVICES

Davis is a leading national healthcare real estate firm delivering full-service expertise across brokerage, investment, development, and property management. 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. Davis’s integrated property management platform ensures seamless daily operations, proactive asset oversight, and tenant satisfaction that drives occupancy and value. From large hospital networks to solo providers, Davis delivers exceptional results through strategic marketing, comprehensive market intelligence, and best-in-class operational execution.

Capital Partners, headquartered in Edina, Minnesota, is the Twin Cities’ largest privately held owner and operator of industrial real estate. With $1.8B in assets under management and 17.5+ million square feet, we serve nearly 700 tenants across the Twin Cities, Milwaukee, Southwest Florida, and Indianapolis. Our integrated platform delivers property management, asset management, accounting and reporting, construction management, and leasing. Built on a relationship first, client first approach, we focus on tenant retention and disciplined investment execution to provide exceptional value and consistent service across our portfolio.

CBRE is the world’s largest commercial real estate services and investment firm, delivering integrated solutions across property management, facilities management, project management, advisory services, and real estate investment activities. The company operates through diversified business segments, including Advisory Services, Global Workplace Solutions, and Real Estate Investments. In the past year, CBRE achieved record performance, with revenue rising to $40.6 billion and resilient service lines continuing strong, double_digit growth globally. Supported by a broad global platform and deep industry expertise, CBRE provides comprehensive, data_driven services that support clients across every stage of the real estate lifecycle.

PROPERTY MANAGEMENT COMPANY OF THE YEAR - COMMERCIAL CAPITAL PARTNERS MANAGEMENT

PROPERTY MANAGEMENT COMPANY OF THE YEAR - COMMERCIAL DAVIS

PROPERTY MANAGEMENT COMPANY OF THE YEAR - COMMERCIAL CBRE

INVESTMENTS

KabSkye Investments is a boutique property and asset management firm serving office, medical office, industrial, retail, and mixed-use assets throughout the Twin Cities and Minnesota. We partner with ownership groups, investors, and developers to deliver proactive, ownership-minded management that maximizes NOI, enhances operations, and strengthens tenant experiences. Our services include full property operations, financial reporting and budgeting, leasing support, vendor coordination, capital project oversight, and strategic asset planning. With deep experience in management, leasing, investment sales, and ownership, KabSkye combines professional processes with the responsiveness and flexibility of a boutique firm, ensuring customized solutions and exceptional service for every client.

MSP Commercial is a leading provider of healthcare real estate services in the Twin Cities, specializing in ground-up medical office development, project management, and property management for over 20 years.With over 2 million square feet and over 60 healthcare properties under management, our team of certified real estate professionals brings more than 100 years of combined experience in medical office environments. We are focused on helping clients achieve their clinic, project, and business goals. Offering 24/7 support, we enable healthcare providers to focus on what matters most: caring for their patients, staff, and clinics.

Frauenshuh brings over four decades of experience representing major corporations, private investment companies, and institutional owners providing innovative real estate solutions and the most comprehensive market knowledge locally and on a national level.Frauenshuh provides a full-service integrated approach. Our expertise extends into every aspect of today’s commercial real estate business, including Strategic Planning and Analysis, Asset Management, Development Services, Lease Administration, Property Management/Operations, Project Management/Owner Representation, Brokerage (Leasing and Sales), and Project Financing.At Frauenshuh, long-term relationships, combined with industry leadership, financial depth and innovative tools deliver a comprehensive platform unlike any other in the commercial real estate industry.

Transwestern is a full-service commercial real estate company driven by dedication and aligned to own the outcome for clients, investors, and partners. Our experience spans diverse property types, including office, logistics, multifamily, retail, mixed-use, healthcare, hotel and life sciences. We lease and operate over 322 million square feet, and we have completed or commenced development on more than $9 billion of real estate projects since 2012. Our award-winning, collaborative culture empowers over 2,200 team members with the resources to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results.

PROPERTY MANAGEMENT COMPANY OF THE YEAR - COMMERCIAL FRAUENSHUH

GOVERNMENT - SUBURBAN

HENNEPIN COUNTY PUBLIC SAFETY SERVICE HEADQUARTERS

WASHINGTON COUNTY CENTRAL SERVICE AND LICENSE CENTER

MINNESOTA STATE EMERGENCY OPERATIONS CENTER

OWATONNA WASTEWATER TREATMENT FACILITY UPGRADE & EXPANSION

RAMBLING RIVER CENTER

ALL SEASONS ARENA

LEBANON HILLS MAINTENANCE FACILITY

WASHINGTON COUNTY EMERGENCY HOUSING SERVICES BUILDING

SCOTT COUNTY COMMUNITY DEVELOPMENT AGENCY

BLOOMINGTON ICE GARDEN RENOVATION

GOVERNMENT - SUBURBAN

MINNESOTA STATE EMERGENCY OPERATIONS CENTER

The Minnesota State Emergency Operations Center (SEOC) is a model of mission-critical resilience. Designed by Wold Architects and Engineers and DLR Group and built by JE Dunn Construction, this 36,000-square-foot facility replaces an aging urban site with a purposebuilt hub for Homeland Security and Emergency Management.

Contractor: JE Dunn Construction

Lead Architect: Wold Architechts and Engineers, DLR Group

GOVERNMENT - SUBURBAN HENNEPIN COUNTY PUBLIC SAFETY SERVICE HEADQUARTERS

The Hennepin County Public Safety Service Headquarters is a 100,000-square-foot facility that supports the diverse functions of the Sheriff ’s Office, which employs hundreds of Minnesotans in roles such as patrol, investigations, and crime lab management.

Developer: Hennepin County

Contractor: Stahl Construction

Lead Architect: Leo A Daly

GOVERNMENT - SUBURBAN

OWATONNA WASTEWATER TREATMENT FACILITY UPGRADE & EXPANSION

The Owatonna WWTF Upgrade & Expansion, launched in July 2022, boosts capacity from 5 to over 9-MGD to support growth. Three new buildings—Membrane Bioreactor, Fine Screen, and Solids Thickening—alongside upgrades to clarifiers, aeration basins, and piping are now ~94% complete.

Developer: City of Owatonna

Contractor: Rice Lake Construction Group

Lead Architect: JLG Architects / Nero Engineering

GOVERNMENT - SUBURBAN ALL

SEASONS ARENA

Knutson was responsible for overall project viability from early planning through construction. The team prepared preliminary budget estimates, defined project scope, and developed designer RFPs. We assisted the owner in selecting the design firm, negotiated designer contracts, and led target value design.

Contractor: Met-Con Construction

Lead Architect: ISG, Inc.

GOVERNMENT

- SUBURBAN

RAMBLING RIVER CENTER

The Rambling River Center remodel has reenergized one of Farmington’s most cherished gathering places, creating a brighter, more inclusive home for wellness, connection, and community life. With an expanded fitness area, refreshed social spaces, and a welcoming outdoor patio, the Center now reflects the joy and energy of the residents and visitors who fill it each day.

Developer: City of Farmington - Kellee Omlid

Contractor: CM Construction Company - Chuck and Mary Peterson

Lead Architect: JLG Architects

GOVERNMENT - SUBURBAN

WASHINGTON COUNTY CENTRAL SERVICE AND LICENSE CENTER

Washington County wanted to create a service center that people look forward to visiting. The new Central Service and License Center is modern and light-filled, modeling new ways to deliver public-facing services to customers in a welcoming, equitable, sustainable, and comfortable environment.

Developer: Washington County

Contractor: Kraus-Anderson

Lead Architect: Alliiance

GOVERNMENT -

SUBURBAN

LEBANON HILLS MAINTENANCE FACILITY

A new 43,455 square foot maintenance facility within Lebanon Hills Regional Park, this site is located at the corner of Cliff Road and the Visitor Center Entrance Road. This new facility will include office space, heated and cold storage, a vehicular wash bay, fuel island, and material containment areas to accommodate various operational functions.

Developer: Dakota County

Contractor: Rochon Corporation

Lead Architect: LHB Architects

GOVERNMENT - SUBURBAN

SCOTT COUNTY COMMUNITY DEVELOPMENT AGENCY

Scott County Community Development Agency’s new office building in Shakopee replaces an outdated facility and improves proximity to the government center. The building houses agency staff who administer housing programs and community services.

Developer: Ivy Properties

Contractor: Greystone Construction

Lead Architect: UrbanWorks Architecture

GOVERNMENT - SUBURBAN

WASHINGTON COUNTY EMERGENCY HOUSING SERVICES BUILDING

The Washington County Emergency Housing Services Building (EHSB) is an innovative multifamily housing development that redefines how emergency housing can function as dignified, service-enriched residential real estate.

Developer: Washington County CDA

Contractor: Jorgenson Construction

Lead Architect: LHB Inc.

GOVERNMENT - SUBURBAN

BLOOMINGTON ICE GARDEN RENOVATION

Built in 1970 as a single-sheet rink, Bloomington Ice Garden underwent a historic $37.2M renovation. The upgrade focused on replacing the outdated ice plant that used harmful R-22 refrigerant. Improvements include a new roof, new exterior soffits facade with exterior continuous insulation, updated ice-making mechanical systems, new rink slab assemblies, plus new HVAC & LED lighting.

Developer: City of Bloomington

Contractor: RJM Construction

Lead Architect: JLG Architects

MEDICAL PROPERTY

MIDWEST ENT - LAKEVILLE

DENTAL ASSOCIATES

ASTERA HEALTH CENTRACARE

COBORN CANCER CENTER

YOUTH STABILIZATION CENTER

CAPITOL PARK MENTAL HEALTH

HOSPITAL

OLMSTED MEDICAL CLINIC

OWATONNA

SUMMIT ORTHOPEDICS

PLYMOUTH BASS LAKE CLINIC AND PLYMOUTH ASC

RICHFIELD MEDICAL GROUP

ISPINE CLINIC

HEALTHPARTNERS SPECIALTY CENTER WOODBURY

MEDICAL PROPERTY

DENTAL ASSOCIATES

Dental Associates expanded access to high-quality, affordable dental care in Maple Grove with a new 15,000-square-foot clinic developed in partnership with MSP Commercial. The project required rezoning, a lot split, and replatting to convert part of a nearby church parcel into a modern, patient-centered facility.

Developer: MSP Commercial

Contractor: Gardner Builders

Lead Architect: Fusion AE

MEDICAL PROPERTY MIDWEST ENT - LAKEVILLE

Midwest Ear Nose and Throat Specialists’ new outpatient facility in Lakeville, MN is a 14,000 SF single-tenant building that opened to the public in April 2025 after breaking ground only 10 months prior.

Developer: Mark Davis, Davis

Contractor: Tim McKee, Timco

Lead Architect: Patrick Giordana, Synergy Architecture Studio

MEDICAL PROPERTY

CAPITOL PARK MENTAL HEALTH HOSPITAL

Capitol Park Mental Health Hospital is a state-of-the-art, 105,500-square-foot inpatient facility in St. Paul, MN. Designed by Stengel Hill Architecture and built by JE Dunn, the five-story, 144-bed hospital features six specialized units. The design transforms the former Bethesda Hospital site into a therapeutic sanctuary, prioritizing natural light, restorative outdoor gardens, and permeable water features.

Developer: Fairview Health Services and Acadia Healthcare

Contractor: JE Dunn Construction

Lead Architect: Stengel Hill Architecture (SHA)

MEDICAL PROPERTY OLMSTED MEDICAL CLINIC OWATONNA

The Olmsted Medical Center project in Owatonna completed in 2025 is a new combined clinic and ambulatory surgery center that expands access to comprehensive healthcare services, including family medicine, acute care, specialty care, diagnostic imaging, and outpatient surgical procedures, closer to home for residents in the region.

Developer: Redline Development

Contractor: Mohs Contracting

Lead Architect:

MEDICAL PROPERTY

ASTERA HEALTH CENTRACARE COBORN CANCER CENTER

Astera Health’s 20,000-square-foot Coborn Cancer Center brings comprehensive cancer care to an underserved rural region of Central Minnesota through a partnership with CentraCare. Developed to close long-identified gaps—especially access to radiation oncology— the center reduces travel burdens and keeps patients close to home.

Developer: Mortenson

Contractor: Mortenson

Lead Architect: HGA

MEDICAL

PROPERTY

YOUTH STABILIZATION CENTER

A team of specialized designers came together to transform an aging, existing Minneapolis building to accommodate the Hennepin County Youth Stabilization Center - a place of calm in moments of crisis. Designed for youth ages 9–17, the Center blends safety with warmth through intuitive wayfinding, lighting, inspired art, and traumainformed design principles that foster dignity and engagement.

Contractor: Carlson-LaVine, Inc.

Lead Architect: Mohagen Hansen Architecture | Interiors in collaboration with human eXperience

MEDICAL PROPERTY

ISPINE CLINIC

A complex coordinated renovation to existing office space into a new clinic and rehabilitation facility while also preparing for an Ambulatory Surgery Center on the 2nd floor above. This required a expanded new elevator upgrade, stair modernization, design build of electrical and mechanical.

Contractor: DJ Kranz

Lead Architect: Kaeding Architecture

MEDICAL PROPERTY

SUMMIT ORTHOPEDICS PLYMOUTH BASS LAKE CLINIC AND PLYMOUTH ASC

Summit Orthopedics’ new Plymouth Bass Lake Clinic and Plymouth Ambulatory Surgery Center was developed by Scannell Properties as the first phase of the master redevelopment of the former 75-acre Prudential Insurance campus. The new 78,000 SF medical hub offers comprehensive orthopedics care, combining an ambulatory surgery center, clinic, physical therapy, imaging services, and urgent care.

Developer: Scannell Properties

Contractor: Gardner Builders, Ryan Companies

Lead Architect: Pope Design Group

MEDICAL PROPERTY

HEALTHPARTNERS SPECIALTY CENTER WOODBURY

Opened in March 2025, the 55,000-square-foot, two-story HealthPartners Specialty Center Woodbury stands out for collapsing a fragmented care journey into one integrated destination, combining 13 specialties with ambulatory surgery and endoscopy, imaging, lab, and infusion services near I-94 and Radio Drive in Woodbury, MN.

Developer: HealthPartners

Contractor: Kraus-Anderson Construction

Lead Architect: BWBR

MEDICAL PROPERTY

RICHFIELD MEDICAL GROUP

After more than 70 years at its longtime location on Nicollet Avenue, Richfield Medical Group had outgrown its space in Richfield, Minnesota. As the doctor-owned practice continued to grow, the team needed a larger facility while remaining easily accessible to the M Health Fairview Southdale Hospital.

Developer: Cardinal Development Corporation

Contractor: Joseph P. Varley Construction, Inc.

Lead Architect: Excel Engineering

AFFORDABLE HOUSINGURBAN

OPPORTUNITY CROSSING

MAGNOLIA FLATS

OSHKI-GAKEYAA

WADAAG COMMONS

RIVKIN APARTMENTS

KYLE GARDEN SQUARE

LAKEFIELD APARTMENTS

AFFORDABLE HOUSING - URBAN OPPORTUNITY CROSSING

Opportunity Crossing exemplifies what’s possible when mission-driven leadership and community voice shape redevelopment. Led by Project for Pride in Living (PPL), this six-story, mixed-use development transforms a oncedamaged site into a place of stability, opportunity, and renewal.

Developer: Project for Pride in Living

Contractor: Weis Builders

Lead Architect: Design by Melo

AFFORDABLE HOUSING - URBAN

OSHKI-GAKEYAA

Oshki-Gakeyaa, meaning “New Way”, is a 24-unit permanent supportive housing community developed by Minnesota Indian Women’s Resource Center to strengthen housing stability for Native individuals and families in Minneapolis. The development provides safe, newly renovated homes paired with trauma-informed support services that promote long-term independence and wellness.

Developer: Minnesota Indian Women’s Resource Center

Contractor: PCL Constructions Services Inc

Lead Architect: DSGW Architects

AFFORDABLE HOUSING - URBAN

MAGNOLIA FLATS

Magnolia Flats is an affordable housing development led by Dalton Outlaw and Shawn Devine of Outlaw Development and designed by D/O Architects. Located on St. Paul’s East Side, this 100% affordable rental project provides 1/3 of the units at deeply affordable (30% AMI) level and the remaining units at or below 60% AMI.

Developer: Outlaw Development

Contractor: Monaghan Construction

Lead Architect: D/O Architects

AFFORDABLE

- URBAN RIVKIN APARTMENTS

Rivkin Apartments is a six-story mixed-use building with underground parking and 155 units across the affordability spectrum. The building includes one studio, 56 1BR, 48 2 BR, 44 3 BR, and six four-bedroom units. Sixty-two units are restricted at 60% AMI, 47 at 50% AMI, and 46 at or below 30% AMI.

Developer: Wellington Management

Contractor: Frana Companies

Lead Architect: Collage Architects

AFFORDABLE

- URBAN WADAAG COMMONS

In Somali, ‘Wadaag’ means to share. That’s at the heart of this affordable family-oriented apartment in Minneapolis. Noor Companies and Redesign partnered to develop a transformative 39unit housing development with much-needed affordable one to fourbedroom units.  The project is the last piece of Seward Commons, a transit-oriented, mixed use, mixed income redevelopment.

Developer: Noor Companies

Contractor: Noor Companies & Frana Companies

Lead Architect: Pope Design Group

AFFORDABLE

- URBAN KYLE GARDEN SQUARE

Flannery Construction transformed a 1920s office building into Kyle Garden Square, an affordable multifamily housing community. Alliance Housing, in partnership with Touchstone Mental Health, now provides stable housing for residents who have experienced or are exiting homelessness in 59 efficiency and one-bedroom apartments.

Developer: Alliance Housing

Contractor: Flannery Construction

Lead Architect: LHB Architects

AFFORDABLE HOUSING - URBAN LAKEFIELD APARTMENTS

Lakefield Apartments is an affordable housing community located at 550 West Lake Street in Minneapolis’ high-demand Lyn-Lake/Uptown corridor. Opened in 2025, the development delivers 110 income-qualified apartments designed to support families at different price points, including larger threeand four-bedroom units rarely found in new construction.

Developer: Lupe Development Partners

Contractor: Frana Companies

Lead Architect: Pope Design Group

HOUSING

HOUSING

HOUSING

RETAIL / RESTAURANTSOUTH

VAGABONDO

MIRABELLE

WELLS ROADSIDE

LYNETTE

NOMA HIFI

LILIANA

LAUNCHPAD GOLF

MYSTIC LAKE AMPHITHEATER

42 WATER STREET - THE BOULDERING PROJECT

Vagabondo is a vibrant, Italian-inspired restaurant and bar designed as a celebration of movement, food, and shared experience. Below, Capuchin offers a contrasting underground cocktail lounge that’s moody, intimate, and ritual-driven.

Developer: Fhima Family

Contractor: Ungerman

Lead Architect: Studio Grey

Mirabelle is a neighborhood restaurant transformed through an eclectic, layered design approach that balances richness with approachability. The renovation reimagined a previously dark, segmented interior into a warm, welcoming dining environment defined by curated pattern, color, and texture.

Developer: Jester Concept

Contractor: Ancoats

Lead Architect: Studio Grey

RETAIL / RESTAURANT - SOUTH VAGABONDO

RETAIL / RESTAURANT - SOUTH MIRABELLE

RETAIL / RESTAURANT - SOUTH NOMA HIFI

Developed by Buhl Investors and operated by DDP Restaurant Group — led by James Beard Award-nominated Chef Daniel del Prado — NoMa Hi-Fi occupies 4,000 square feet across two levels within Nolan Mains. A purposeful street-level entry fronts the Europeanstyle pedestrian walkways that are the social spine of the Nolan Mains development, drawing passersby naturally into the space.

Developer: Buhl Investors

Contractor: Building Assets

Lead Architect: Christian Dean Architecture

RETAIL / RESTAURANT - SOUTH WELLS ROADSIDE

Wells Roadside is a modern roadside restaurant designed as a casual, high-energy destination that blends food, gathering, and outdoor living. The project transforms a highly visible suburban site into a vibrant community hub, offering indoor dining, covered outdoor seating, and flexible yard space for socializing.

Developer: Craft & Crew Hospitality

Contractor: Dering Pierson Group

Lead Architect: Thielen & Green

RETAIL / RESTAURANT - SOUTH LILIANA

LILIANA is a modern Italian pasta bar from the team behind Estelle and Mario’s. Located in Woodbury’s bustling City Walk neighborhood, the space is nestled in between many shops and beautiful walking paths around the secluded nearby lake.  Liliana serves up modern, Italian-inspired cuisine in a comfortable and casual setting with fine-dining touches.

Developer: Jason Hansen & Peter Sebastian

Contractor: Luck Seven LLC

Lead Architect: Collage Architects

/ RESTAURANT - SOUTH LYNETTE

Lynette is a neighborhood restaurant reimagined through a complete interior transformation that balances warmth, refinement, and approachability. The project converted a previously dark, dated space into a light-filled, layered dining environment that supports everyday dining and special occasions alike.

Developer: Ben Siers-Rients, Travis Serbus, Billie White, Mel Siers-Rients

Lead Architect: Studio Grey

RETAIL

RETAIL / RESTAURANT - SOUTH 42 WATER STREET - THE BOULDERING PROJECT

42 Water Street adaptive reuse transforms a once highsecurity pharmaceutical manufacturing facility, long hidden behind barbed wire, into a destination for fitness and community engagement as home to The Bouldering Project - the fourth catalytic phase of the Farwell-on-Water district.

Developer: Buhl Investors, LLC

Contractor: Frana Construction

Lead Architect: Mohagen Hansen Architecture | Interiors in collaboration with The Bouldering Project

RETAIL

/

RESTAURANT - SOUTH MYSTIC LAKE AMPHITHEATER

Opening in June 2026 for its first concert, the massive 19,000seat Mystic Lake Amphitheater is now Minnesota’s largest outdoor venue. It provides multiple viewing options including seating, a sloped lawn, VIP suites, table seating, and a beer garden.

Developer: Swervo Development Corporation

Contractor: Swervo Development Corporation

Lead Architect: Shea

RETAIL / RESTAURANT - SOUTH

LAUNCHPAD GOLF

LaunchPad Golf – The Meadows in Prior Lake is a bold new, twostory, 25,000-square-foot golf entertainment destination developed by the Shakopee Mdewakanton Sioux Community tucked between Mystic Lake Casino Hotel and The Meadows at Mystic Lake.

Developer: Shakopee Mdewakanton Sioux Community

Contractor: PCL Construction

Lead Architect: Shea

SENIOR HOUSING

TRILLIUM WOODS PHASE 2 EXPANSION

BETHESDA STONERIDGE

THE AMERICAN COOPERATIVE ON LAKE PHALEN BLUESTEM

ESTORIA COOPERATIVE OF LAKEVILLE

VISTA PRAIRIE AT EAGLE POINTE

SAINT THERESE OF CORCORAN

AMIRA OF LAKE ELMO

MARVELLA 2190

Trillium Woods is a retirement community located in Plymouth, owned and operated by LCS. It is the only Life Plan community in the area. Offering its residents an active lifestyle in a casual, upscale environment, Trillium Woods hosts a variety of personalized experiences.

Developer: LCS

Contractor: Kraus-Anderson Construction

Lead Architect: Pope Design Group

The American Cooperative on Lake Phalen features 56 senior cooperative homes nestled on a two-acre site, located just steps from Lake Phalen and adjacent to more than 1,400 acres of regional parks. This location in Maplewood was especially appealing to active seniors seeking to downsize while continuing to build equity and community.

Developer: Gramercy Development

Contractor: Frana Companies

Lead Architect: Kaas Wilson Architects

SENIOR HOUSING TRILLIUM WOODS PHASE 2 EXPANSION

SENIOR HOUSING

THE AMERICAN COOPERATIVE ON LAKE PHALEN

SENIOR HOUSING ESTORIA COOPERATIVE OF LAKEVILLE

Estoria Cooperative Lakeville is a member-owned community designed for active adults age 62 and better. Located in Lakeville, Minnesota, the 89-home cooperative offers thoughtfully designed residences with single-level living, modern finishes, and convenient amenities.

Developer: Ebenezer Development

Contractor: Frana Companies

Lead Architect: RSP Architects

2190

Completed in 2025, Marvella 2190 Senior Living expands Presbyterian Homes & Services’ flagship community within the Highland Bridge redevelopment in Saint Paul, MN. The new 125unit independent living building provides modern, amenity-rich housing designed for active older adults seeking an urban lifestyle.

Developer: Presbyterian Homes & Services

Contractor: Ryan Companies

Lead Architect: Ryan A+E, Inc.

SENIOR HOUSING BETHESDA STONERIDGE

Bethesda, a non-profit organization, has been caring for seniors in West Central Minnesota for more than 125 years. Bethesda StoneRidge is a new 55+ community that offers 118 units of active adult independent living with luxurious amenities such as formal and casual dining, fitness area, expansive outdoor patio, rooftop deck, and underground heated parking.

Developer: Bethesda

Contractor: Marcus Construction

Lead Architect: Pope Design Group

BLUESTEM

Bluestem is a 52-unit affordable housing development serving lowincome seniors. 36 units are restricted at or below 30% AMI, with the remaining units carrying 60% AMI restrictions. The building stands out for its cost-effective build, while maintaining elevated design standards.

Developer: Trellis

Contractor: Frana Companies

Lead Architect: Kaas Wilson Architects

SENIOR HOUSING

SENIOR HOUSING MARVELLA

SENIOR HOUSING VISTA PRAIRIE AT EAGLE POINTE

Vista Prairie at Eagle Pointe is a new 134-unit senior community in the rural area of St. Francis, Minnesota. The campus fills a critical gap for the local market by offering housing and services from independent living, assisted living, memory care and care suites, to allow local residents to age in place as their needs evolve.

Developer: Vista Prairie and EDI

Contractor: Bauer Design Build

Lead Architect: Pope Design Group

LAKE ELMO

Amira of Lake Elmo is a 147-unit, 55+ active senior living community that balances vibrant living with a strong connection to nature. Located near a protected wetland and the Lake Elmo/ Woodbury retail hub, the community offers residents both serenity and convenience. Thoughtfully designed outdoor spaces and landscaped grounds support year-round use and wellness.

Developer: United Properties

Contractor: Eagle Building Company

Lead Architect: LSE Architects

SAINT THERESE OF CORCORAN

Saint Therese has provided quality care for seniors for over 50 years, and Saint Therese of Corcoran is the first phase of what will become the City of Corcoran’s new town centerand downtown district. This new community offers independent living, assisted living, and memory care in a walkable, intergenerational setting.

Developer: Saint Therese

Contractor: CBS Construction Services

Lead Architect: Pope Design Group

SENIOR HOUSING

SENIOR HOUSING AMIRA OF

PROPERTY MANAGER OF THE YEAR - FEMALE

JESSICA MAIDL

KATIE BONGARD

KELSEY SPONSLER

KRISTEN HEDIN

MARIA SCHREDER

MELISSA GOMES

SARRA MUQADDAM GRAYER

PROPERTY MANAGER OF THE YEAR - FEMALE JESSICA

MAIDL KABSKYE

Founder Jessica Maidl brings over a decade of institutional real estate experience across property management, leasing, investment sales, and direct ownership. This holistic background allows KabSkye to support leasing efforts, preserve deal momentum, and drive NOI in ways traditional management models often overlook. Beyond day-to-day operations, KabSkye has been engaged in leasing services, receivership-related work, and advisory roles, positioning the firm as a strategic partner rather than a transactional manager. As KabSkye continues to grow, its focus remains on accountability, relationships, and delivering measurable value for owners. PROPERTY MANAGER OF THE YEAR - FEMALE

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Kelsey Sponsler is a dedicated association manager known for exceptional customer service, strong communication, and proactive leadership. She excels at stabilizing challenging accounts, transforming previously dissatisfied communities into confident, satisfied partners. Kelsey’s peers rely on her insight and collaborative approach, reflecting her role as a trusted resource within the team. She has successfully led major capital projects, including large_scale roof replacements, fire alarm system upgrades, and composite deck renovations. With a commitment to quality, resilience, and client-focused service, Kelsey consistently delivers outstanding results and sets a high standard of professionalism in every community she supports.

PROPERTY MANAGER OF THE YEAR - FEMALE

KATIE BONGARD TRANSWESTERN

Katie Bongard serves as Vice President and General Manager of 60 South Sixth, a 700,000-square-foot, Class A office tower in the heart of downtown Minneapolis, owned by KBS Realty Advisors. She is also a Group Manager for the Midwest Asset Services division. She leads an award-winning management team at 60 South Sixth and has a proven track record of success, credited to her unwavering commitment to clients, tenants, and team members. Katie is a strong leader and a valued mentor not only to those on her team but also to team members across Transwestern Minneapolis Asset Services.

PROPERTY MANAGER OF THE YEAR - FEMALE MARIA SCHREDER CAPITAL PARTNERS MANAGEMENT

Maria Schreder is an accomplished Property Manager who oversees more than 3.7 million square feet across 147 industrial buildings. She is recognized for exceptional client service and for building strong relationships with both ownership and tenants. Maria has successfully managed complex transactions with institutional clients while maintaining a high level of responsiveness, professionalism, and care in her daily work. Known for her sound judgment and practical problemsolving, she is a trusted advisor to ownership and a respected partner to her tenants.

PROPERTY MANAGER OF THE YEAR - FEMALE

KRISTEN HEDIN MSP COMMERCIAL

Kristen Hedin, CPM, RPA, serves as MSP Commercial’s Vice President of Property Management with nearly 20 years of specialized experience in healthcare real estate. She is highly skilled in regulatory compliance and AAAHC/ Joint Commission standards, managing complex medical facilities and Ambulatory Surgery Centers throughout the Twin Cities. Known for her diligence, exceptional communication, and approachable customer service, Kristen brings a handson, solutions_focused approach that consistently supports tenants and stakeholders alike. As a seasoned leader, she guides and mentors a team of property management professionals, fostering development, collaboration, and continued growth.

MANAGER OF THE YEAR - FEMALE

Melissa Gomes’ impressive 13-year career in commercial property management has positioned her for accelerated success. Since joining Davis in 2019, Gomes has steadily grown her managed portfolio of medical outpatient buildings to more than 600,000 square feet –over double her original scope! In 2025, Gomes oversaw $2.3 million in capital improvement projects across six properties, spearheaded the creation of Davis’ AI Committee to help position the company for successful AI integration, and contributed to the BOMA International Medical Conference Planning Committee. A trusted leader and mentor, Gomes remains a driving force behind Davis’ operational excellence and strategic innovation.

OF THE YEAR - FEMALE

SARRA MUQADDAM GRAYER

Sarra Muqaddam_Grayer is an accomplished Property Manager with nearly 10 years of experience across student and multi_family housing. As a Multi_Site Property Manager with Village Green, she oversees Marsh Hollow and The Preserve at Albertville, totaling 180 single_family rental homes. Through strong leadership and strategic execution, she elevated both communities to 98% occupancy. Sarra is known for delivering exceptional resident experiences, driving operational performance, and fostering collaborative teams. Her communities have earned recognition for personal, team, and community achievements, reflecting her commitment to excellence and results_driven management.

PROPERTY

MELISSA GOMES

DAVIS

PROPERTY MANAGER

VILLAGE GREEN

WOMAN OF THE YEAR

TERESA BORGEN

ANGIE FRENCH

ANNE MADYUN

BRITNEY KOCKEN DAVIS

DAMARIS MELO-GYASI

EMILY PAULINO

KARI ROSS

KATIE SCHEETZ

KIM IHLE

NATALIE MARTYNOW

ROBIN ZELLMER

SARA GARCIA

BROUGHT TO YOU BY

Teresa Borgen is a Director in Newmark’s Minneapolis office, specializing in tenant advisory, corporate services, workplace strategy, strategic planning and deal negotiation. Since joining in 2023, she has advised clients on 135 transactions totaling nearly 3,000,000 square feet and over $350 million in lease consideration. Teresa has led 40+ deals, including office, industrial and flex space, delivering over 425,000 square feet and $130 million in value. She is recognized for her market expertise, collaborative approach and strong client relationships. Outside of work, she volunteers with the Alzheimer’s Association, The Bond Between and serves in University of St. Thomas alumni initiatives.

Anne Madyun, CCIM, serves as Vice President of Brokerage at Davis, specializing in medical real estate with 13+ years of experience. Anne combines deep expertise in clinical workflows and regulatory compliance with creative problem-solving that has made her a sought-after advisor in the Twin Cities healthcare ecosystem. A 2024 inductee to the Midwest Real Estate Hall of Fame and member of CREW Network’s Medical Real Estate Council, Anne is recognized nationally for her leadership in healthcare real estate. She is known for her generous mentorship and collaborative approach to complex transactions.

DAMARIS MELO-GYASI

DESIGN BY MELO

Damaris Melo-Gyasi is an architect, entrepreneur, and speaker who has built a career breaking barriers in real estate development and architecture. As Founder and Principal Architect of Design by Melo, she leads projects that center equity, sustainability, and community ownership. A Harvard Business School executive education graduate, TEDx speaker, and active mentor to women professionals, Damaris is recognized for her leadership in transforming how real estate development can serve communities. She demonstrates how intentional leadership rooted in faith, grit, and service can reshape industries and create lasting impact.

WOMAN OF THE YEAR

TERESA BORGEN NEWMARK

WOMAN OF THE YEAR

ANNE MADYUN DAVIS

WOMAN OF THE YEAR

ANGIE FRENCH

MID CONTINENT MANAGEMENT (MCMC)

Angie French is President of MCMC and a leader in the multi_family real estate industry with more than three decades of experience managing asset types across multiple states. Promoted to President in 2025, she is known for her passion for the industry and her collaborative, people_ focused leadership. Angie earned the Advanced Certified Residential Manager (ACRM) designation in 2025, serves on the UW_Stout Real Estate and Property Management Advisory Board, and testifies at the State Capitol on industry issues. Under her leadership, MCMC completed two successful lease_ups in 2025 and implemented automation and AI into daily operations.

BRITNEY KOCKEN DAVIS CBRE

Britney Kocken Davis is a strategic and data_ driven real estate operations leader known for bringing clarity, structure, and genuine care to complex commercial portfolios. She excels at transforming data into meaningful insights that strengthen performance, improve reporting, and create sustainable operational efficiencies. Britney is recognized for her collaborative style, building strong relationships across teams and empowering others through clear communication and thoughtful problem_solving. With deep industry expertise and a results_ focused mindset, she simplifies complexity while maintaining a people_first approach. Her blend of analytical strength, leadership, and authenticity makes her a standout nominee for Women of the Year.

I am proud to nominate Emily for Woman of the Year. Over her 18 years with Village Green and in her two years as Area Director, she has led with exceptional dedication and heart. Emily oversees a portfolio of five communities totaling more than 1,000 units, consistently delivering strong performance while creating supportive, motivated teams. Her staff loves working with her, often noting her compassion, clarity, and unwavering commitment to their success. Emily goes above and beyond in every situation, making a meaningful impact on her teams, residents, and the organization. She truly embodies outstanding leadership.

Kari serves as Vice President of HOA Living Minnesota, where she provides leadership and strategic oversight for community association management operations. A highly respected professional in the industry, Kari holds the CMCA, AMS, and PCAM designations, with PCAM representing the highest professional accreditation in community association management. She serves on the Board of Directors for the Minnesota chapter of the Community Associations Institute (CAI) and is also has been part of the education committee for many years, which develops continuing education opportunities for community managers and board members. She is an advocate for education of all things HOA!

IHLE

Kim Ihle is an accomplished commercial real estate professional with more than three decades of experience managing complex office and industrial portfolios. Known for her practical leadership and dependable expertise, she oversees operations, leasing coordination, and team performance across multiple Twin Cities assets. Kim has built her career on strong client relationships, thoughtful decision_making, and an ability to consistently improve property outcomes. Her longstanding industry involvement—including leadership roles with BOMA and IREM—demonstrates her commitment to advancing the profession. Kim’s steady influence, extensive knowledge, and dedication to developing others make her a respected and trusted leader in the real estate community.

WOMAN OF THE YEAR

WOMAN OF THE YEAR

WOMAN OF THE YEAR EMILY PAULINO VILLAGE GREEN

WOMAN OF THE YEAR KARI ROSS

HOALIVING MINNESOTA

WOMAN OF THE YEAR KIM

CBRE

KATIE SCHEETZ ROERS COMPANIES

Katie Scheetz serves as Vice President and Senior Managing Director of Investor Relations at Roers Companies, where she leads efforts to build and strengthen relationships with the firm’s national network of investors. Katie connects investors with opportunities across Roers Cos.’ growing real estate platform, helping secure the capital that fuels the company’s multifamily developments nationwide. With more than 20 years of experience in sales leadership and strategic relationship building, she is known for cultivating trusted partnerships and delivering results through thoughtful communication and collaboration.

Sara Garcia brings a blend of technical expertise, consistency, and collaborative leadership that elevates every team she works with. Her role in the success of the Bloomington Ice Garden project showcased her ability to manage complex details with clarity and calm, earning the trust of clients, designers, and colleagues alike. She improves the workplace through her dedication to process improvement, refreshed LEAN training, and a genuine commitment to mentoring others. Known for her steady positivity and high standards, Sara exemplifies the kind of thoughtful, quietly influential leadership that strengthens teams and advances the industry.

Natalie brings nearly 20-years experience in property management. She began her career as an Assistant Manager in the apartment field where she lived onsite in a 120-unit complex. She then spent four years with an HOA management company as a Community Manager before coming to Sharper Management in 2018. In 8-years she has progressed from Community Manager to Director to V.P. and now President of Operations. In addition to her leadership role at Sharper where she leads 50-person team, she is active in the industry through the Community Association Institute, serving as Treasurer.  She holds CMCA and AMS industry designations.

Robin Zellmer is an Executive Vice President at Colliers | Minneapolis–St. Paul with more than 30 years of experience. Over the past year, she completed more than 150 transactions, demonstrating consistent production and leadership. She advises local and Fortune 500 clients on site selection, strategic dispositions, and complex lease negotiations. Robin is a two-time Colliers’ Everest Club winner, the firm’s highest recognition. Most recently, she was honored by Midwest Real Estate News with a CRE Hall of Fame distinction and by MNCAR as Broker of the Year – 2025.

WOMAN OF THE YEAR

WOMAN OF THE YEAR

NATALIE MARTYNOW SHARPER MANAGEMENT LLC

WOMAN OF THE YEAR ROBIN ZELLMER COLLIERS | MINNEAPOLIS - ST. PAUL

WOMAN OF THE YEAR

SARA GARCIA RJM CONSTRUCTION

MULTIFAMILY - SUBURBAN

BOHEMIA FLATS

VILLAS AT CHASEWOOD CONDOMIMIUMS

THE FOX & THE GROUSE

AVALON APARTMENTS & TOWNHOMES

RYE APARTMENTS

THE BROOKS APARTMENTS

THE WINN AT GOLDEN VALLEY

THE RIVER HOUSE

THE FINCH

BELMONT HEIGHTS

VALE APARTMENTS

MULTIFAMILY - SUBURBAN VALE APARTMENTS

Vale Apartments is a thoughtfully designed suburban multifamily community in Minnetonka, MN, redeveloping a decades-old 31,000-square-foot office property into high-quality housing. Developed, designed, and constructed by Doran, the 4.3-acre site offers modern apartment homes with premier amenities.

Developer: Doran

Contractor: Doran

Lead Architect: Doran

- SUBURBAN BOHEMIA FLATS

Bohemia Flats is a 54-unit, 3-story , market rate apartment building with heated underground parking. Bohemia Flats is the first new market rate apartment building in New Prague in nearly 30+ years.

Developer: Ebert Companies

Contractor: Ebert Companies

Lead Architect: Mahler Architecture

MULTIFAMILY - SUBURBAN THE FOX & THE GROUSE

The Fox & The Grouse is the first luxury multifamily development in a two-phase master plan in Eden Prairie’s Golden Triangle. The project brings 237 market-rate and affordable apartments to an area long defined by office and industrial uses.

Developer: Greco & Eagle Ridge Partners

Contractor: North Shore

Lead Architect: BKV

MULTIFAMILY

MULTIFAMILY - SUBURBAN VILLAS AT CHASEWOOD CONDOMIMIUMS

The Villas at Chasewood, built in 1989, consists of 21 buildings with 188 units. The property had fallen into disrepair, and the Association was unable to secure funding through private lenders and other financing options were not considered feasible. The Association was blacklisted by Fannie Mae and Freddie Mac due to the condition of the property.

Contractor: Gittleman Construction & Maintenance Corp.

Lead Architect: Encompass Inc.

MULTIFAMILY - SUBURBAN

RYE APARTMENTS

Rye Apartments is a four-story, 168-unit modern multifamily community bringing bold, resort-style living to Farmington. Its distinctive H-shaped design creates a protected courtyard with a pool, cabanas, grilling areas, fire pits, and lounge space connected to interior amenities.

Developer: Yellow Tree Development

Contractor: Yellow Tree Construction

Lead Architect: DJR

MULTIFAMILY -

SUBURBAN

AVALON APARTMENTS & TOWNHOMES

Avalon Apartments & Townhomes is a 2025-completed, mixedresidential community in Inver Grove Heights, Minnesota, combining a four-story 191-unit apartment building with a 54-unit townhome neighborhood across ten buildings. The 298,111-squarefoot apartment building sits over a heated underground parking garage and offers studio to four-bedroom homes.

Developer: Trident Development

Contractor: Lyon Contracting

Lead Architect: Cole Group Architects

MULTIFAMILY - SUBURBAN

THE BROOKS APARTMENTS

The Brooks is a 4-story, 219-unit market rate apartment building in Plymouth. The exterior design combines modern urban design elements and contextualizes them within its suburban setting. Kaas Wilson Interiors designed indoor spaces to feel more like a high-end custom home, rather than the typical large-scale apartment complex.

Developer: Enclave Companies

Contractor: Enclave Companies

Lead Architect: Kaas Wilson Architects

THE RIVER HOUSE

The River House is a market-rate 55+ multi-family development on the historic main street of Mendota. The 3-story building blends modern amenities and modern living in stone building that builds upon the historic character of Mendota.

Developer: Grand Real Estate Advisors

Contractor: Weis Builders Inc.

Lead Architect: Collage Architects

THE WINN AT GOLDEN VALLEY

The Winn at Golden Valley is a $98 million, 303-unit apartment community developed by Sentinel Management Company and Monarch CRE in Golden Valley, Minnesota. Designed by ESG and constructed by Big-D Construction, the community features studio through three-bedroom homes along with a hospitality-inspired amenity collection including a rooftop sky lounge and sky deck.

Developer: Sentinel Management Compnay

Contractor: Big-D Construction

Lead Architect: ESG Architecture & Design

MULTIFAMILY - SUBURBAN

THE FINCH

The Finch is the first project in the country to offer neuro-inclusive affordable housing within sustainably designed market-rate developments. Residences are paired with hospitality-inspired amenities including fitness, a golf simulator, gardens, sports court, lap pool, sauna, social lounges, and recreation areas.

Developer: Solhem Companies & Lumen Design and Development

Contractor: Ironmark

Lead Architect: Momentum Design Group

BELMONT HEIGHTS

Belmont Heights is a transformative housing development created to address Jackson’s declared housing emergency. The multi-phase project will deliver 245 modern apartments and townhomes designed to support the community’s growing workforce. Phase 1—a 41-unit apartment building and eight townhome units—was completed in Fall 2025.

Developer: Rebound Real Estate

Contractor: DBS Group

Lead Architect: Excel Architecture (Apartments) & DBS Group (Townhomes)

MULTIFAMILY - SUBURBAN

MULTIFAMILY - SUBURBAN

MULTIFAMILY - SUBURBAN

Order a Plaque and have it delivered to your home or office

Scan and Order Today Deadline for Ordering is May 22, 2026

INTERIOR DESIGN - URBAN

THE SKY LOUNGE AT RIVER PARK PLAZA

MESSERLI | KRAMER

GOODWILL EASTER SEALS MN

CAREER AND SERVICES CAMPUS

CENTER FOR REPRODUCTIVE MEDICINE

BUSH FOUNDATION

THE NINE AT LEXINGTON STATION

MIRO APARTMENTS

RIVKIN APARTMENTS

INTERIOR DESIGN - URBAN MESSERLI | KRAMER

Messerli Kramer, ranked as a top-20 Minnesota law firm, relocated their Minneapolis headquarters to the 23rd floor of 50 South Sixth to accommodate record growth and build a space that matches the firm’s trajectory.

Contractor: MP Johnson

Lead Architect: BDH

INTERIOR DESIGN - URBAN

CENTER

FOR REPRODUCTIVE MEDICINE

For 20 years, Center for Reproductive Medicine’s Minneapolis clinic carried a gap between precision of care and quality of environment. A 19,000 SF renovation across two floors finally closed it. Relocating business operations to the third floor freed the fourth for expanded clinical capacity, including a reimagined andrology lab with sit-to-stand workstations, enlarged sterile processing, and identical treatment room layouts so practitioners never lose a step.

Contractor: Timco Construction

Lead Architect: BDH

INTERIOR DESIGN - URBAN THE SKY LOUNGE AT RIVER PARK PLAZA

Honoring River Park Plaza’s history while accommodating the needs of today’s modern building tenants was the impetus to design a destination 7th Floor Sky Lounge amenity to attract tenants in a competitive corporate real estate market. Hospitality amenities celebrating St. Paul skyline views, high-tech conference spaces and flexible furniture solutions offer choices to maximize the tenant experience.

Developer: SARA Investment Real Estate

Contractor: Suntide Construction

Lead Architect: Archimea Interior Design

INTERIOR DESIGN - URBAN RIVKIN APARTMENTS

Rivkin is a 155 unit affordable family development in the heart of the Seward community in Minneapolis.  The building is 5 stories of wood-frame housing over a concrete podium with underground parking.  The units and amenities are designed to meet the needs of family housing per MHFA while integrating a robust artistic element to help create a sense of community.

Developer: Wellington Management

Contractor: Frana Construction

Lead Architect: Collage Architects

INTERIOR

DESIGN

- URBAN THE NINE AT LEXINGTON STATION

The Nine is a 6-story development located along Lexington Avenue in St. Paul. The building is half a block away from the light rail, and three blocks east of Allianz field, North of I-94. The massing of the building uses an “S” shape to create two elevated, amenity courtyards.

Developer: Alatus LLC

Contractor: Alatus LLC

Lead Architect: DJR

INTERIOR

DESIGN

- URBAN MIRO APARTMENTS

Miro is a 7-story, modular multi-family development bringing needed affordable housing to a historically underserved area. Rooted in a “Design for the People” ethos, the project built local support through spaces that feel authentic to the community.

Developer: Rise Modular

Contractor: Rise Modular

Lead Architect: DJR

INTERIOR DESIGN - URBAN BUSH FOUNDATION

This project involved the relocation and interior renovation of the Bush Foundation’s headquarters at the 428 Building in Downtown Saint Paul. LSE Architects completed an initial feasibility study confirming the building’s alignment with Bush’s mission, commitment to the downtown community, and values centered on sustainability and occupant health.

Developer: NA.

Contractor: Zuri3

Lead Architect: LSE Architects

Congratulations, David Frauenshuh!

Lifetime Achievement Award

Frauenshuh Commercial Real Estate is a valued partner of Wings Credit Union. Thank you, David, for your support of our organization for over 20 years

Congrats to you on this achievement!

INTERIOR DESIGN - URBAN

GOODWILL EASTER SEALS MN CAREER AND SERVICES CAMPUS

The Goodwill–Easter Seals Minnesota Career and Services Campus is more than a building; it is a catalyst for opportunity. Designed in a truly collaborative manner, the campus transforms workforce training and community services into an experience rooted in dignity, flexibility, and connection.

Developer: Savills

Contractor: Gardner Builders

Lead Architect: Mohagen Hansen Architecture | Interiors

REDEVELOPMENT - URBAN

750 MADISON STREET REDEVELOPMENT

BIMOSEDAA

STATE OF MINNESOTA GOVERNOR’S RESIDENCE RENOVATIONS

KYLE GARDEN SQUARE

42 WATER STREET ADAPTIVE REUSE

CENTURY PLAZA / ROAMI

REDEVELOPMENT - URBAN BIMOSEDAA

Bimosedaa is the Ojibwe word for ‘Lets Walk Together’.  The renovation of this historic warehouse creates 48 studio apartments that are dedicated to permanent supportive housing, primarily for indigenous individuals that have experienced homelessness. This seven-story warehouse built in 1915 is a contributing building to the historic Minneapolis warehouse district.

Developer: Beacon Interfaith Housing Collaborative

Contractor: Watson-Forsberg

MARVELLA 2190 REDEVELOPMENT

The 750 Madison Street project is an urban infill redevelopment that replaces an obsolete single family residence with thoughtfully designed multifamily housing in an established Minneapolis neighborhood.

Developer: Casa Nueva

Contractor: Silverland Remodeling

Lead Architect: Joy Architecture

Lead Architect: LHB REDEVELOPMENT - URBAN KYLE GARDEN SQUARE

Flannery Construction transformed a 1920s office building into Kyle Garden Square, an affordable multifamily housing community. Alliance Housing, in partnership with Touchstone Mental Health, now provides stable housing for residents who have experienced or are exiting homelessness in 59 efficiency and one-bedroom apartments.

Developer: Alliance Housing

Contractor: Flannery Construction

Lead Architect: LHB Architects

REDEVELOPMENT - URBAN PLAYWRIGHTS’ CENTER

Creative arts nonprofit Playwrights’ Center operated out of a former church for its first 46 years, before hiring Flannery to renovate a set of buildings in St. Paul. The organization needed more space for rehearsals and performances, writing and collaboration — and needed to be accessible.

Developer: Playwrights’ Center

Contractor: Flannery Construction

Lead Architect: HGA

REDEVELOPMENT - URBAN

42 WATER STREET ADAPTIVE REUSE

42 Water Street adaptive reuse transforms a once highsecurity pharmaceutical manufacturing facility, long hidden behind barbed wire, into a destination for fitness and community engagement as home to The Bouldering Project - the fourth catalytic phase of the Farwell-on-Water district.

Developer: Buhl Investors, LLC

Contractor: Frana Construction

Lead Architect: Mohagen Hansen Architecture | Interiors, in collaboration with The Bouldering Project design team

REDEVELOPMENT - URBAN SUMNER LIBRARY

Sumner Library in North Minneapolis underwent a comprehensive refurbishment beginning in 2023, revitalizing the beloved 1915 Carnegie library while honoring its historic character. The project carefully restored the National Register-listed building’s original fabric while integrating modern technology, accessibility upgrades, and high-performance sustainable systems.

Developer: NA.

Contractor: KMS Construction

Lead Architect: LSE Architects

REDEVELOPMENT - URBAN

CENTURY PLAZA / ROAMI

Located in downtown Minneapolis across from the Minneapolis Convention Center, Century Plaza was reimagined in 2025 as a 149room hotel and new police station.  The mixed-use development includes a hotel with rooftop amenities and 36,000 square feet for a new First Precinct office for the Minneapolis Police Department.

Developer: Swervo Development Corporation

Contractor: Swervo Development Corporation

Lead Architect: RSP Architects

- URBAN

The Minnesota Governor’s Residence is a twenty-seven room English Tudor home with 7-bedrooms, 9-bathrooms, 2- sleeping porches and 8-fireplaces. The Residence contains 14,706-sf and is located on one acre with a 3,420-sf carriage house and garage storage space. Donlar provided asset preservation restoration from interior, exterior, sitework, MEP and security upgrades.

Developer: State of Minnesota - Department of Real Estate & Construction Services

Contractor: Donlar Construction

Lead Architect: Miller Dunwiddie Architecture

- URBAN MARVELLA 2190

Completed in 2025, Marvella 2190 Senior Living expands Presbyterian Homes & Services’ flagship community within the Highland Bridge redevelopment in Saint Paul, MN. The new 125unit independent living building provides modern, amenity-rich housing designed for active older adults seeking an urban lifestyle.

Developer: Presbyterian Homes & Services

Contractor: Ryan Companies

Lead Architect: Ryan A+E, Inc.

10 Countries(1)

Real estate partner to the world’s leading companies®

15,500+ Properties(1)

98.9% Total Occupancy Rate(1)

INTERIOR DESIGNSUBURBAN SOUTH

MIRABELLE

VAGABONDO & CAPUCHIN

AVALON APARTMENTS AND TOWNHOMES

RYE APARTMENTS

HOP HOUSE

TKDA

ZINPRO

PM&J

DANNY’S CONSTRUCTION OFFICE BUILDOUT

ABDO CORPORATE OFFICE EXPANSION

MIRABELLE

Mirabelle is a neighborhood restaurant transformed through an eclectic, layered design approach that balances richness with approachability. The renovation reimagined a previously dark, segmented interior into a warm, welcoming dining environment defined by curated pattern, color, and texture.

Developer: Jester Concept

Contractor: Ancoats

Lead Architect: Studio Grey

VAGABONDO & CAPUCHIN

Vagabondo is a vibrant, Italian-inspired restaurant and bar designed as a celebration of movement, food, and shared experience. Below, Capuchin offers a contrasting underground cocktail lounge that’s moody, intimate, and ritual-driven..

Developer: Fhima Family

Contractor: Ungerman

Lead Architect: Studio Grey

INTERIOR DESIGN - SUBURBAN SOUTH

INTERIOR DESIGN - SUBURBAN SOUTH

Hop House reimagines a former bingo hall into a destinationworthy bar, restaurant and music venue that seamlessly blends elevated hospitality with live entertainment and next-level sports viewing. Anchored by expansive bars, a performance stage, VIP zones, and mezzanine level, the venue layers custom installations and immersive details throughout.

Developer: Shakopee Mdewakanton Sioux Community

Contractor: Adolfson & Peterson Construction

Lead Architect: Shea

TKDA is a multidisciplinary engineering and architecture firm that envisioned a new headquarters to support its evolving workflow and growing team. The goal was to consolidate its former five-floor St. Paul office into an 85,000-squarefoot, two-level workplace reflecting its collaborative culture.

Developer: Ryan Companies

Contractor: Mission Construction

Lead Architect: PlanForce

Zinpro, a global leader in advancing animal nutrition and health, relocated and expanded its office to support continued growth. Spanning the 8th floor of the Flying Cloud Drive building in Eden Prairie, the 23,000+ square-foot space blends strong brand expression with smart, functional design.

Developer: Ryan Companies

Contractor: MP Johnson Construction

Lead Architect: PlanForce

As a leader in manufacturing and private label partnering for pet accessories, apparel, and home goods, PM&J’s two-phase remodel and expansion at 6101 Baker Road in Minnetonka reflects their commitment to a vibrant, branded workspace that showcases their new identity while supporting growing operations.

Developer: Capital Partners

Contractor: Anderson CC

Lead Architect: PlanForce

INTERIOR DESIGN - SUBURBAN SOUTH HOP HOUSE

INTERIOR DESIGN - SUBURBAN SOUTH TKDA

INTERIOR DESIGN - SUBURBAN SOUTH ZINPRO

INTERIOR DESIGN - SUBURBAN SOUTH PM&J

INTERIOR DESIGN - SUBURBAN SOUTH AVALON APARTMENTS AND TOWNHOMES

Avalon’s interiors support a 191-unit apartment building with an amenity suite tailored to contemporary renters. The main lobby features a two-story ceiling, concierge desk, fireplace, large TV, and windows framing the pool courtyard. Wide corridors, an elevator-adjacent moving entrance, and a dedicated guest suite emphasize comfort and practicality.

Developer: Trident Development

Contractor: Lyon Contracting

Lead Architect: Cole Group Architects

CONSTRUCTION OFFICE BUILDOUT

The Danny’s Construction Office Buildout transforms the second floor of the High Stakes Venture building into a headquarters that reflects the company’s 50-year legacy in structural steel. Designed by Tushie Montgomery Architects and built by Greystone, the space blends industrial materials, warm textures, and bold finishes to create a modern workplace rooted in craftsmanship.

Developer: Greystone Construction

Contractor: Greystone Construction

Lead Architect: Tushie Montgomery Architects

INTERIOR DESIGN - SUBURBAN SOUTH RYE APARTMENTS

Rye Apartments is a 4-story, 168-unit development in Farmington, Minnesota. Utilizing an “H” shape, the building provides units from 1-3 bedrooms. The shape creates a courtyard space that flows off the interior amenities.Designed in a modern farmhouse style, residents are pulled into the clubroom by views of the pool deck beyond.

Developer: Yellow Tree Development

Contractor: Yellow Tree Construction

Lead Architect: DJR

INTERIOR

DESIGN - SUBURBAN

SOUTH ABDO CORPORATE OFFICE EXPANSION

Abdo, a leading full-service accounting and advisory firm based in Minnesota, had outgrown its space and was looking to expand and create a destination workplace to motivate employees in their return to the office.

Contractor: The Bainey Group

Lead Architect: Pope Design Group

INTERIOR DESIGN - SUBURBAN SOUTH DANNY’S

PROPERTY MANAGER OF THE YEAR - MALE

BOB TRAEGER

CHAD CONORYEA

CONNOR O’NEILL

DAN CONZEMIUS

DAN SULLIVAN

JEFF KREGER

JEREMY FRY

JIM DUERR

MITCHEL SPIKER

ZACH NGUYEN

PROPERTY MANAGER OF THE YEAR - MALE

BOB TRAEGER

TRANSWESTERN

Bob Traeger is a veteran commercial real estate professional with more than 30 years of experience managing premier Class A office assets in downtown Minneapolis. As General Manager of SPS Tower, Bob leads with a hospitality-driven, owner-minded approach focused on tenant experience, operational excellence, and longterm asset value. Under his leadership, SPS Tower achieved top-tier results in the 2025 Kingsley Tenant Experience Assessment, including 100% tenant satisfaction and perfect property management scores. Bob also played a key role in supporting SPS Commerce’s 15-year headquarters renewal, reinforcing confidence in downtown Minneapolis.

PROPERTY MANAGER

OF THE YEAR - MALE

CHAD CONORYEA FRAUENSHUH

Chad Conoryea is Frauenshuh’s Facilities Management Director leading all aspects of portfolio leadership to a valuable 20+ year client. He is the consummate Property Management professional dedicating his well-honed 18-year career to the real estate industry serving clientele and property tenants with superior customer service and financial acumen. Chad directs all aspects of a property management program for a banking client portfolio of seventy-five sites totaling 880,000 SF and oversees an internal team of five professionals plus numerous strategic vendor partners.

PROPERTY MANAGER OF THE YEAR - MALE DAN SULLIVAN

FIRSTSERVICE RESIDENTIAL MN

Dan Sullivan is an accomplished association manager recognized for his leadership, technical expertise, and exceptional client service. With five years at FirstService, he has become a trusted advisor to both his communities and his peers. Dan excels in managing complex capital projects, overseeing more than $4 million in improvements including façade renovations, building access upgrades, major equipment replacements, and roofing projects. Known for his responsiveness, financial acumen, and solution_focused approach, he consistently earns praise from board members and residents. Dan’s reliability, proactive communication, and commitment to operational excellence make him a standout leader in the Urban division.

PROPERTY MANAGER OF THE YEAR - MALE DAN CONZEMIUS CBRE

Dan Conzemius is a highly respected Senior Real Estate Manager known for his dependability, attention to detail, and genuine commitment to clients and tenants. He manages a diverse portfolio of retail, office, and mixed_use assets for ownership groups across the country, consistently delivering accurate financial oversight and thoughtful communication. Dan is recognized for his ability to navigate complex reconciliations, support major transactions, and anticipate operational needs with an ownership_minded approach. He builds strong, solution_driven relationships and invests in team development, ensuring high_quality service and long_term stability. Dan’s professionalism and integrity make him an exceptional leader in commercial real estate.

Jeremy Fry is a commercial real estate professional with Hempel Real Estate. He has worked as a property manager for retail, office, and industrial tenants across the Twin Cities. He Lives in East Saint Paul with his Wife and two corgis.

ZACH NGUYEN VILLAGE GREEN

When I first entered property management, I didn’t realize how deeply it would shape me. What started as a career became a commitment — to people, to growth, and to doing things the right way even when it’s hard. I’ve learned that leadership is built in the small moments: supporting a team member through a challenge, helping a resident feel at home, choosing accountability over convenience. Managing Class A communities has pushed me to be strategic and resilient, but the impact on people is what drives me. This work is personal — and I carry that responsibility with pride.

PROPERTY MANAGER OF THE YEAR - MALE

JEREMY FRY HEMPEL COMPANIES

PROPERTY MANAGER OF THE YEAR - MALE

PROPERTY MANAGER OF THE YEAR - MALE JEFF KREGER

CBRE

Jeff Kreger is a seasoned Senior Property Manager with more than 20 years of experience caring for office and industrial properties throughout the Twin Cities. Known for his approachable style and steady, solutions_oriented mindset, Jeff has supported many high_profile tenants, including the Minnesota Timberwolves/Lynx, Jack Links, Mayo Clinic Sports Medicine, Robins Kaplan, Wells Fargo, AECOM, and McKinsey & Co. He brings strong financial expertise, developing operating budgets exceeding $40 million while creating meaningful efficiencies for clients and tenants. Jeff ’s collaborative nature, reliability, and genuine commitment to the people he serves make him an invaluable partner and respected industry professional.

PROPERTY MANAGER OF THE YEAR - MALE

JIM DUERR ROERS COMPANIES

Jim Duerr is a Multi-Site Property Manager with Roers Companies, where he oversees daily operations, leasing performance, and resident experience across two apartment communities. With a strong background in hospitality and property operations, Jim is known for his approachable leadership style and commitment to service. He works closely with on-site teams to maintain well-run communities, support residents, and ensure properties perform at a high level. Jim takes pride in building strong relationships with residents, colleagues, and ownership partners.

Connor O’Neill is an exceptional Property Manager overseeing nearly 500,000 square feet of retail real estate with unmatched dedication and professionalism. He consistently exceeds expectations through strong communication, a proactive approach, and a commitment to keeping every stakeholder aligned for success. Conscientious and driven, Connor embraces learning with natural curiosity and quickly adapts while contributing meaningful ideas. As one that is often the last to leave the office, he is known for his outstanding work ethic and ensures tasks are completed thoroughly. Connor exemplifies integrity, inspires those around him, and delivers results that significantly elevate project and client outcomes.

Mitchel is an exceptional property manager who delivered two successful 2025 lease_ups—The Plaza at Hazeltine and Avalon Apartments & Townhomes—both surpassing occupancy and income projections. His stellar performance directly contributed to the developer awarding Village Green additional business. Known for his kind, supportive leadership, Mitchel develops team members, steps in wherever needed, and inspires loyalty among associates. Residents consistently praise him, and his Kingsley Satisfaction exceed KPIs across all categories. While achieving all this, he also completed the Executive Manager in Training program, demonstrating commitment to growth. Mitchel exemplifies operational excellence and people-first leadership.

BROKER OF THE YEAR

ANDY LUBINSKI

BRADY WHALEN

BRENT MASICA

HEIDI ADDO

JEFF BUDISH

JIM DAMIANI

JIM MONTEZ

TED BICKEL

Ted Bickel is a Managing Director of Investment Sales in Northmarq’s Minneapolis office. He focuses on both private and institutional transactions and works with a wide range of clients including owners, developers and investors around the Twin Cities and greater Minnesota. He has closed $1.5 billion in total transaction volume over the past five years.Prior to joining Northmarq in 2022, Ted was with Colliers for 11 years where he was consistently a top producer for the company on a local and national level, earning the designation of Top 10 Producer of the Decade for the Minneapolis office.

BROKER OF THE YEAR

BRADY WHALEN

MID-AMERICA REAL ESTATE

Brady is widely respected by property owners for his relentless commitment to occupancy and asset performance. Through proactive leasing strategies and strong relationships within the local business community, many of the properties he represents maintain near-constant or full occupancy, creating long-term value for his clients. Beyond his production numbers, Brady is known for the energy, professionalism, and collaborative spirit he brings to the office every day. His positive perspective and willingness to support colleagues have earned him the respect of both his coworkers and industry peers.

BROKER OF THE YEAR

HEIDI ADDO

MICHEL COMMERCIAL REAL ESTATE

A leader at Michel Commercial, a family-owned multifamily brokerage specializing in apartment properties across the Twin Cities and Greater Minnesota. She has played a role in expanding the firm’s client relationships, strengthening internal systems, and positioning Michel Commercial as a trusted advisor to long-time apartment owners and investors.Under Heidi’s leadership, Michel Commercial achieved its strongest year in the firm’s history in 2025, doubling the number of properties sold and increasing total sales volume by 163% year over year. Known for her relationship-driven approach and market insight, Heidi works with owners and investors to guide strategic sales and investment decisions.

BROKER OF THE YEAR

MASICA

& WAKEFIELD

Brent Masica is in his twenty-first year as a member of the Minnesota Industrial Team at Cushman & Wakefield. Brent specializes in both tenant and landlord representation and is known for his in-depth market knowledge that he uses to lead clients throughout the transaction process. He is consistently recognized as a Top Producer for C&W and is an Executive Managing Director. Outside of work, Brent volunteers coaching youth sports for his two children and enjoys traveling with his family.

BROKER OF THE YEAR TED BICKEL NORTHMARQ

BROKER OF THE YEAR

ANDY LUBINSKI COLLIERS | MINNEAPOLIS - ST. PAUL

Andy Lubinski, Vice Chair, SIOR, at Colliers | Minneapolis–St. Paul, is a leading industrial broker specializing in manufacturing, distribution, and cold storage assets in secondary and emerging markets. In 2025, he ranked as the firm’s top industrial broker in the United States and number three overall by transaction volume, reflecting his market-focused strategy and consistent results. He leads a six-member industrial team, leveraging strong relationships, hyper-local expertise, and off-market capabilities to deliver value in complex transactions. Since 2011, he has completed more than 51 million square feet of industrial deals nationwide.

BUDISH

Jeff Budish is a Managing Director of Investment Sales in Northmarq’s Minneapolis office. He is involved with both private and institutional capital markets and works closely with a wide range of investor and developer clients in the acquisition and disposition of investment properties and development sites. He has closed $1.5 billion in total transaction volume over the past five years.Prior to joining Northmarq in 2022, Jeff was with Colliers for five years focusing on multifamily investment sales as a top producer and earning a variety of awards and designations.

Jim is a Downtown Minneapolis office leasing veteran with over 30 years of experience in commercial real estate, primarily focused on landlord representation and asset repositioning. His pivotal role in transforming multiple historic redevelopments has resulted in more than 1.2 million square feet of deals, revolutionizing the North Loop. He delves into the complex real estate issues facing investors and evaluates the business issues confronting tenants. His clients have included Sumitomo Corporation of America, Piedmont Office Realty Trust, TIAA CREF, Principal Financial Real Estate Investors, United Properties, SALO, StoneArch Creative, Pentair, General Mills, The Nature Conservancy and Piper Jaffray.

Jim Damiani, CCIM, SIOR, is a tenant advisory specialist in Newmark’s Minneapolis-St. Paul office. An established industry leader with over 35 years of experience, Damiani is among the most successful and widely recognized experts in the Minneapolis commercial real estate market. Damiani leads a team that provides their clients with the best financial and employee solutions. The team has more than 100 combined years of experience, specializing in tenant/buyer representation for local, national, and global firms. Damiani completed 36 deals in 2025, leasing over 880,000 square feet of office space with a transaction value of over $300 million.

BROKER OF THE YEAR

BROKER OF THE YEAR JIM DAMIANI NEWMARK

EMERGING LEADER OF THE YEAR - DEVELOPMENT

/ OPERATIONS

BRANDON KESLER

EDDY WOLF

FRANCIS JUNIOR KAUNDA

JON MIEROW

JOSHUA SEGAL

LEREW KAAS

MATT BRAWNER

MATT SWANSON

SHANE REDING

EMERGING LEADER

OF THE YEAR - DEVELOPMENT / OPERATIONS

BRANDON KESLER

VILLAGE GREEN

Brandon is an exceptional leader who consistently delivers both strong business results and meaningful cultural impact. He led the addition of new business and exceeded projections for existing properties in his portfolio. Brandon also spearheaded the full relocation of the regional corporate office, managing logistics, communication, and team needs with precision. A dedicated people developer, he trained and promoted talent and identified future leaders. He was instrumental in creating a highly valued internal awards event for 100+ team members. Respected and appreciated by his staff, Brandon exemplifies excellence and is highly deserving of Emerging Leader of the Year.

EMERGING LEADER OF THE YEAR - DEVELOPMENT

/ OPERATIONS

FRANCIS JUNIOR KAUNDA

MID CONTINENT MANAGEMENT CORP (MCMC)

Francis Junior Kaunda is an emerging leader in the multifamily real estate industry, recognized for his integrity, service mindset, and measurable impact early in his career. A graduate of the UW Stout Real Estate Property Management Program, Francis earned top academic honors, served as commencement speaker, and received the prestigious Samuel E. Wood Medallion. Professionally, he has played key roles at Mid Continent Management Corp (MCMC) in new_construction lease_ups and on_site leadership at large market_rate communities. Known for his welcoming presence and genuine connections, Francis actively serves residents and remains engaged with industry and alumni organizations.

EMERGING LEADER OF THE YEAR - DEVELOPMENT / OPERATIONS

SHANE REDING

OPPIDAN

Shane provides financial support and reporting ensuring transparency and accuracy.  Since joining Oppidan in 2017, Shane has expanded his role to include corporate accounting, project accounting, and third-party reporting, playing a vital part in the company’s financial success.Before Oppidan, Shane spent 15 years in the banking industry, specializing in accounting and finance. His extensive background equips him with the skills necessary to handle complex transactions and reporting requirements.Shane holds a master’s in accountancy from UND and a Bachelor of Science in Finance from MSU, Moorhead. Outside of work, he enjoys outdoor activities and spending time with his family.

EMERGING LEADER OF THE YEAR - DEVELOPMENT / OPERATIONS

EDDY WOLF

RYAN COMPANIES US, INC.

Eddy Wolf, Director of Real Estate Development for Ryan Companies’ North Region, has delivered more than 6 million square feet of development, representing over $900 million in capital investment and creating thousands of jobs. With 16 years of integrated experience in real estate development, architectural design, hands-on construction field work, and project management, he leads highperforming teams in the execution of complex industrial, life science, and technology projects. By connecting big-picture vision with critical details, Eddy builds trusted partnerships and delivers high-quality developments that consistently exceed client expectations.

EMERGING LEADER OF THE YEAR - DEVELOPMENT / OPERATIONS

JON MIEROW

SHARPER MANAGEMENT

Joining Sharper in February 2025, he has shown strong leadership, strategic vision, and a deep commitment to client success and operational excellence. With over 20 years of experience in Customer Success and Service Delivery, he combines technical expertise with relationshipfocused leadership. He has strengthened client care operations by refining policies, improving multi-channel communication, and implementing enhanced phone systems, resulting in faster homeowner response times and more efficient workflows. He is also dedicated to team development through training and mentorship, empowering employees and improving collaboration. His strengths in relationship building, performance monitoring, and strategic decision-making enhanced client retention and long-term value.

JLS is a vertically integrated real estate development, construction management, and asset management company. From finding projects, bringing them to life through design, approvals, financing, private partnerships, construction, lease-up, stabilization, and operations. Located in Southwest Minneapolis, JLS focuses on design build boutique residential multifamily apartments and condos, speciality commercial, and mixed-use projects in high-demand urban neighborhoods. From leading technology based estimating and project management software to the core values and principles of the company, JLS takes an owner operator, ‘skin-in-the-game’ mentality, long-term relationship, bottoms-up approach to create value for portfolio partners, owners, trade partners and local neighborhoods. www.jlsdesignbuild.com

EMERGING LEADER OF THE YEAR - DEVELOPMENT / OPERATIONS

LEREW KAAS

NAI LEGACY

Property Manager with Legacy Management Services with five years of experience in property management and commercial real estate. He recently earned his Master of Business Administration from Rasmussen University and obtained his Minnesota real estate license. Lerew is also an active member of the Institute of Real Estate Management and is committed to continued professional development within the industry. In his role, he focuses on building strong relationships with tenants and ownership groups while ensuring properties operate efficiently and effectively. He is passionate about growing as a leader and contributing to the future of the commercial real estate industry.

SWANSON

/ OPERATIONS

Matt Swanson is a dedicated and fast_rising professional in Minnesota’s industrial real estate community. Recently promoted to Associate Director, he brings a thoughtful, steady approach to managing more than 6 million square feet and supporting one of CBRE’s most high_profile clients, Mortenson. Colleagues value Matt for his willingness to step in, share knowledge, and help others grow—qualities that have made him an essential part of the leadership team. His blend of practical problem_solving, dependable follow_through, and genuine commitment to people sets him apart. Matt’s growth and character truly reflect an emerging leader making a meaningful impact.

MATT BRAWNER

ENDURUS CAPITAL

Matt Brawner leads property management at Endurus Capital, where he is responsible for overseeing operations, performance, and strategic execution across the firm’s managed portfolio. He played a pivotal role in building Endurus internal property management infrastructure.Under Matt’s leadership, the inhouse management achieved a 6.1% increase in occupancy, while driving a 44% increase in NOI. These improvements reflect a disciplined operational approach focused on resident experience, expense management, and revenue optimization.Matt’s work has helped strengthen Endurus’s vertically integrated strategy, allowing them to maintain greater control over asset performance while creating operational efficiencies that directly benefit investors and residents alike.

EMERGING LEADER OF THE YEAR - DEVELOPMENT

MATT

CBRE

EMERGING LEADER OF THE YEAR - DEVELOPMENT / OPERATIONS

JOSHUA SEGAL

EMERGING LEADER OF THE YEAR - DEVELOPMENT / OPERATIONS

EXECUTIVE OF THE YEAR

DAN CUNNINGHAM

DAVE HIGGINS

DEAN FREEMAN

HEIDI SWANK

JOSHUA SEGAL

MEL SCHULTZ

RON PATZER

SHANE LAFAVE

STEVE MICHEL

TANNEN LOGE

TIM MURNANE

EXECUTIVE OF THE YEAR

SHANE LAFAVE ROERS COMPANIES

Shane LaFave is Chief Operating Officer at Roers Companies and a member of the firm’s Executive Leadership Team. With nearly 20 years of experience in real estate development, Shane has worked across a wide range of project types, including affordable housing, marketrate multifamily, hospitality, commercial spaces, historic renovations, and renewable energy.

EXECUTIVE OF THE YEAR

DAVE HIGGINS

SAINT PAUL DOWNTOWN DEVELOPMENT CORPORATION

Dave Higgins is President of the Saint Paul Downtown Development Corporation (DDC), leading strategic real estate initiatives aimed at strengthening the long-term vitality of downtown Saint Paul. With decades of experience in commercial real estate development, finance, & urban revitalization, Higgins focuses on acquiring and repositioning properties to catalyze new investment & opportunity.

EXECUTIVE OF THE YEAR

DAN CUNNINGHAM

SHARPER MANAGEMENT LLC

Dan Cunningham is licensed as an attorney in both CA and MN, earned his undergraduate degree at UC Santa Barbara and his law degree from Pepperdine University School of Law.Upon graduation and practicing law for 12 years, he began his career in real estate where he has extensive experience holding various positions in the mortgage industry and the land, commercial, and apartment brokerage sectors.

EXECUTIVE OF THE YEAR

Dean Freeman has filled a variety of roles and brings an entrepreneurial spirit to the team. In his role, he assists in developing the overall vision and growth strategy of the company, ensuring the delivery of quality services to our clients, tenants, teammates, and partners. With comprehensive business offerings that include transaction management, corporate consulting and strategic advisory services, brokerage/leasing, investments, acquisitions, and the management of a 5 million square foot property portfolio, Dean’s leadership is integral to our success.

EXECUTIVE OF THE YEAR

Tim Murnane is a respected leader, mentor, entrepreneur and commercial real estate expert whose impact on Opus and the broader industry spans more than four decades. During his 38-year tenure with Opus, he helped shape skylines, expand markets and guide the company through multiple economic cycles with discipline and integrity. Known as both a prolific developer and a selfless leader, Tim invested as deeply in people as he did in projects – mentoring emerging talent and fostering a culture grounded in accountability and stewardship.

DEAN FREEMAN FRAUENSHUH

TIM MURNANE OPUS

EXECUTIVE OF THE YEAR

TANNEN LOGE

CBRE

Tannen Loge is a respected and steady leader who brings depth, humility, and a genuine people_first approach to his role as Managing Director and Property Management Market Leader for Minneapolis. He oversees CBRE’s Minnesota property management platform, guiding a team responsible for more than 18 million square feet of office, industrial, and retail assets. Known for creating clarity and building strong connections, Tannen empowers others to lead with confidence.

EXECUTIVE OF THE YEAR

HEIDI SWANK RETHOS

Heidi Swank is Executive Director of Rethos, a Minnesota nonprofit advancing real estate reinvestment, preservation, and communitycentered development statewide. Known for steady leadership in complex environments, Swank bridges public policy, capital markets, and on-the-ground redevelopment, drawing on prior legislative experience. She has guided Rethos through financial and political uncertainty while advancing innovative financing approaches and leading statewide coalitions to address barriers to adaptive reuse.

EXECUTIVE OF THE YEAR

STEVE MICHEL

MICHEL COMMERCIAL REAL ESTATE

Steve, as the founder of Michel Commercial Real Estate in 1987 and a licensed real estate professional since 1978, possesses unparalleled expertise in negotiating multifamily property transactions. With over five decades in the industry, he has honed his skills and is renowned for his ability to navigate complex deals, ensuring optimal outcomes for his clients.Beyond his professional endeavors, Steve and his wife, Cheryl, enjoy cherished moments with their four children and seven grandchildren.

EXECUTIVE OF THE YEAR

JOSHUA SEGAL

JLS DESIGN + BUILD LLC

JLS is a vertically integrated real estate development, construction management, and asset management company. From finding projects, bringing them to life through design, approvals, financing, private partnerships, construction, lease-up, stabilization, and operations. Located in Southwest Minneapolis, JLS focuses on design build boutique residential multifamily apartments and condos, speciality commercial, and mixed-use projects in high-demand urban neighborhoods.

EXECUTIVE OF THE YEAR

RON PATZER

CAPITAL PARTNERS MANAGEMENT

Ron Patzer is CFO of Capital Partners and a respected commercial real estate executive with more than 30 years of industry experience. He began his career in 1992 as a Real Estate Manager and went on to hold executive leadership roles at CBRE. Known for his financial expertise, strategic insight, and collaborative leadership style, Ron plays a key role in guiding Capital Partners’ financial strategy and growth.

EXECUTIVE OF THE YEAR

Mel Schultz, CPM®, serves as Chief Manager of Clarity Commercial Services and President of Legacy Management Services. He is also the Executive CPM for Clarity , an IREM-certified Accredited Management Organization (AMO). Under Mel’s leadership, the firm oversees more than 65 properties totaling over 3 million square feet across Minnesota, Wisconsin, California, and Texas. Known for steady, relationship-driven leadership, Mel combines deep industry experience with integrity and transparency.

DEVELOPER OF THE YEAR

BEACON INTERFAITH HOUSING COLLABORATIVE

GONYEA COMPANY

JLS DEVELOPMENT

MI HOMES

OPPIDAN

ROERS COMPANIES

Gonyea Company demonstrates a strong commitment to thoughtful community planning and long-term homeowner outcomes. Their developments, including Riverwalk Dayton, Riverview Preserve, Woodland Hills, Watercrest, North Star, and Hollydale, reflect practical land planning, strong builder partnerships, and neighborhood stability. Hollydale features shared amenities, preserved green spaces, and a stormwater irrigation system saving over $100,000 annually. Gonyea’s collaborative approach with builders such as Robert Thomas Homes, Stonegate, M/I Homes, Creative Homes, and Hanson Builders ensures architectural diversity and high construction standards.

Beacon Interfaith Housing Collaborative (Beacon) is a 501 (c ) 3 nonprofit that advocates to create new, deeply affordable homes, invests in residents through wrap-around services, and champions transformative policy solutions to ensure all people have a home. Beacon owns and operates the largest portfolio of site-based supportive housing in the state. We believe that affordable, supportive housing provides the key to safer communities, stronger families, and a healthier economy. Beacon Interfaith Housing Collaborative’s vision is: All people have a home. Its mission is ‘As a collaborative of congregations united in action, Beacon creates homes and advances equitable housing.’

DEVELOPER OF THE YEAR

BEACON INTERFAITH HOUSING COLLABORATIVE

DEVELOPER OF THE YEAR

GONYEA COMPANY

JLS DEVELOPMENT

JLS Development is a vertically integrated real estate development, construction management, and asset management company. From finding projects, bringing them to life through design, approvals, financing, private partnerships, construction, lease-up, stabilization, and operations. Located in Southwest Minneapolis, JLS focuses on design build boutique residential multifamily apartments and condos, speciality commercial, and mixed-use projects in highdemand urban neighborhoods. JLS takes an owner operator, ‘skin-in-the-game’ mentality, long-term relationship, bottoms-up approach to create value for portfolio partners, owners, trade partners and local neighborhoods. www.jlsdesignbuild.com

M/I Homes expanded across the Twin Cities with multiple new communities for 2025, offering a range of single-family homes, villas, and townhomes in areas such as Rosemount, Shakopee, Jordan, and Waconia. Developments like Amber Fields, Valley Crest, Beaumont Bluffs, and Holbrook provide diverse floorplans, including two-story homes and villas with first-floor owner’s suites. Many communities feature lifestyle amenities such as walking trails, parks, wetlands, and convenient access to major roads.  discounts. These projects benefit homebuyers by expanding housing choices across the metro while delivering modern designs, attractive neighborhoods, and potential savings on home customization.

Since 1991, Oppidan Investment Company has grown into a nationally recognized real estate development firm, delivering more than 650 projects valued at over $6.4 billion and totaling 32.7 million square feet across 43 states and parts of Canada. Oppidan provides development, construction management, property management, asset management, and capital markets services across senior living, industrial, data center, mixed-use, multifamily, affordable housing, and retail asset classes. Headquartered in Excelsior, Minnesota, with regional offices in Raleigh, North Carolina, and San Jose, California, Oppidan has been recognized four times as a Best Places to Work by the Minneapolis/St. Paul Business Journal.

ROERS COMPANIES

Roers Companies is a nationally recognized multifamily real estate firm powered by in-house development, construction and property management. Headquartered in Plymouth, Minn., the company partners with individual investors to deliver marketrate, mixed-use, and 55+ communities across the United States. It also builds and operates affordable and workforce housing. Since 2012, Roers Companies has developed more than $4 billion in real estate across the Midwest, South, Southeast, and Mountain Southwest regions of the United States. Learn more at roerscompanies.com.

DEVELOPER OF THE YEAR OPPIDAN

DEVELOPER OF THE YEAR

DEVELOPER OF THE YEAR MI HOMES

DEVELOPER OF THE YEAR