May 1st, 2018– Colliers International | Minneapolis-St. Paul is pleased to announce the recent acquisition of S2 Enterprises and its project management team. Founded in 2011 by principal, Amy Staudinger, the Minneapolis-based S2 Enterprises team provides experience in healthcare, corporate, retail and data center project management for regional and national clients. Staudinger and her team will merge existing staff with the Colliers MSP project management teams and will office out of the Colliers MSP headquarters located at 4350 Baker Road, in Minnetonka.
Bringing highly specialized expertise and technical knowledge with them, Amy Staudinger, Rachel Markos and Tansey Cregan along with our established project management professionals will work closely with Colliers MSP’s healthcare, office, industrial, retail teams and other service lines to expand and integrate focused project management offerings for these types of clients both locally and nationally.
Colliers International | Minneapolis-St. Paul is a leading, full-service commercial real estate services firm offering a complete range of real estate services to owners, investors, and occupiers to solve complex problems with integrated commercial property services, including; architecture, brokerage, engineering and property services, investment services, property management and project management. Defined by a spirit of enterprise, Colliers MSP is dedicated to providing clients with exceptional service through the core values of integrity, excellence, collaboration and innovation.
Jean Kane, CEO of Colliers International | Minneapolis-St. Paul says of the partnership with S2 Enterprises, “We are consistently focused on adding highly specialized talent to our core service lines, so we are very excited to be adding S2 Enterprises to the strength of our existing project management team. Amy’s leadership will help us
build our project management services and strengthen our reputation as a provider of unmatched expertise in all areas of commercial real estate that we serve.”
Adding the S2 team to Colliers MSP is a strategic effort to expand and build upon existing expertise in the market and demonstrates Colliers MSP’s future focus on technology innovation and advancement. This future focus aligns with Colliers International’s corporate growth plan to double the size of the company by 2020 with focused acquisitions, adding top-tier talent, diversifying the business and investing in technology advancements.
“We were ready to take our business to the next level, but needed more resources and reach,” says Amy Staudinger. “We chose Colliers because we instantly felt the same sense of community and stewardship – both Colliers MSP and S2 are aligned with the same objective of delivering the highest level of detail, collaboration and team integration to support our clients’ goals. We expect little to no disruption to our services with this transition.”
Ryan Companies US, Inc. announced today that President and Chief Executive Officer Pat Ryan will step aside from his current duties effective June 1st to become chairman of the company’s board of directors. Brian Murray will assume the CEO position. Along with owners Jeff Smith and Mike McElroy, Murray has helped lead Ryan’s day-to-day operations for the last five years. As part of the transition, Smith will take on the role of President and McElroy will be the company’s Chief Investment Officer. Tim Gray, who currently chairs the company’s board of directors, will assume the title of Chairman Emeritus.
“I’ve been blessed to work alongside phenomenal people for 35 years,” Ryan said. “I can’t begin to express my appreciation for that privilege but I can say that I’m so pleased to be handing off executive responsibilities to a tremendous team of leaders. Brian, Jeff and Mike are smart, capable, experienced and hardworking. And most importantly, they understand and live our culture which, in the final analysis, is what differentiates us from our competitors.”
“It’s a tremendous honor to take on an expanded leadership role at Ryan and to follow in the footsteps of a great leader like Pat,” said Murray. “This is an important time for our company as we look ahead to future opportunities. In a world where the pace of change is accelerating, we need to innovate and change while maintaining our strong culture. We have a very strong, very capable executive leadership team, a strong management group and exceptionally talented team members across the business. I’m proud of our accomplishments, and I’m excited about what’s ahead.”
Today’s announcement is part of a succession plan carefully developed over several years with the leadership of Ryan’s board of directors.
Ryan said he will remain involved in the company with a focus on helping in capital markets and real estate development and spending more time with key customers.
“I warned my colleagues that they can expect to see my face around the office for a long time to come,” Ryan noted, “but I’m also planning to spend more time with my family.”
This transition will mark the first time in Ryan’s 80-year history that non-family members will lead the company.
Murray joined the company in 2009, and is currently the chief operating officer and chief financial officer leading Ryan’s construction operations and shared services functions. Smith has been with the company over 30 years and is currently the National President overseeing its 15 regional offices and leading client development efforts. McElroy is currently President of Real Estate Investments, leading real estate management and capital markets groups and has been with the company nearly 20 years.
Murray is a current board member of PrairieCare Child & Family Fund and a former board member of the Catholic Community Foundation, the Saint Paul and Saint John Vianney College Seminaries, and Twin Cities Cristo Rey Jesuit High School. In addition, Murray connects with other industry thought leaders through his participation and membership in the Construction Industry Roundtable.
PHOENIX, AZ (April 2, 2018) Ryan Companies US, Inc. Southwest Region announced today the promotion of Molly Ryan Carson to Senior Vice President of Real Estate Development, Market Leader. Ryan Carson has been a central leader in a number of high-profile projects in the region such as GoDaddy, McKesson, AMKOR Technology and Farmers Insurance.
In her new role, Ryan Carson will lead business development and real estate development for Ryan’s Southwest region. “Molly is well known for her strong relationships and active involvement in the local real estate community,” said Rick Collins Regional President Ryan Companies “She is a consistent model of and reinforces Ryan’s culture of excellence and commitment to our customers.”
Ryan Carson will continue to serve as National Executive Committee board member for NAIOP, Vice Chairperson of NAIOP Arizona, development advisory board member for the City of Phoenix and board member for Valley Partnership and Xavier College Preparatory.
MINNEAPOLIS, MN (April 2, 2018) Ryan Companies US, Inc. North Region announced today the promotion of Tony Barranco to Senior Vice President of Real Estate Development. Barranco has been a central leader in a number of high-profile projects in the region such as Downtown East, Vintage on Selby, and recently leading the Sons of Norway project in Uptown, Minneapolis.
In his tenure at Ryan Companies, Barranco has led or contributed to office, retail, hospitality, and multifamily development projects totaling over four million square feet with capitalized value of over $1B. Barranco has set himself apart in his work to coordinate complicated projects with users, neighbors, cities and key stakeholders to create positive outcomes and deliver comprehensive development solutions.
In his expanded role, Barranco will lead a multi-disciplined team of developers focused on the execution of mixed-use and corporate office projects in the North region. “Tony is highly accomplished and passionate about what we do for our customers and for the community,” said Mike Ryan North Region Market Leader. “He has established himself as a developer who can get challenging projects done with excellence.”
MINNEAPOLIS – February 26, 2018 – To continue a trend of growth and innovation, long-time mechanical/electrical engineering firm Michaud Cooley Erickson (MCE) has announced the appointment of five new shareholders.
Established in 1946, MCE is one of Minnesota’s oldest and largest mechanical/electrical engineering firms. It grew revenue by more than 14 percent in 2017 and currently employs 130 professionals in Minnesota. Its many high-profile projects include the Bioscience Building, the first development of the Discovery Square district of Destination Medical Center in Rochester, Minn.; many projects as the engineering firm of record at Minneapolis-St. Paul International Airport; and the new Bell Museum of Natural History at the University of Minnesota, among others.
Joining Doug Cooley on the shareholder team are longtime employees Eric Stelmack, Kerry Cooley Bruggemann, Jason Petermann, Jeff Clark and Greg Trende. Former President Dean Rafferty has retired after 43 years with the firm.
Cooley acknowledges Rafferty as a key player in MCE’s success. “His most significant contribution to MCE has been the solid foundation he built, preparing us well for continued growth,” he said. “Dean’s mentoring of our newest shareholders assures a smooth transition and continuation of the business model under which MCE is flourishing. We’re excited about the new leadership additions and look forward to continuing to deliver great service.”
Cooley, who holds the respect of industry leaders and has a reputation for quality and excellence in engineering design, assumes the presidency of MCE. As project principal, he has led the mechanical design team for many of MCE’s major projects in a variety of building types. He has provided leadership to the firm and has fostered many valuable relationships with clients. He is an expert in the area of energy-efficient design, sustainable design and LEED certification and has analyzed the cost benefits of energy management and retrofit programs for a wide range of market sectors.
Kerry Cooley Bruggemann has worked in the consulting engineering field since 2006. Her background includes the design of HVAC and plumbing systems for public, commercial, aviation, industrial, office and retail building projects. She has been involved in every aspect of the design process, from conceptual design to written specifications. Bruggemann also has performed detailed engineering studies with regards to energy savings technology and payback.
Eric Stelmack has practiced engineering for over 25 years, 22 of which have been with MCE. Stelmack is a principal in the Electrical department at the firm and maintains a professional focus in the area of modern building technologies, across all commercial sectors. In his tenure, he has been responsible for all aspects of client satisfaction, from project inception to final delivery. He administers the company Continuing Education program, delivering accredited educational seminars at numerous organizations and industry conventions. He is a published contributing author for professional engineering standards.
As a principal at Michaud Cooley Erickson, Jason Petermann is passionate about guiding the firm to provide the best mechanical and electrical design services possible. As a mechanical engineer, he understands the critical role of preparing outstanding technical documentation regardless of the building type. He excels at building strong relationships with clients and enjoys solving complex engineering challenges while maintaining the project budget and schedule.
Since joining MCE in 2005, Jeff Clark has led and managed the mechanical design of numerous mission critical, medical, corporate, higher education and public projects. He has extensive experience in the design of HVAC, plumbing and specialty systems for mission critical and healthcare facilities as well as fire protection systems. He determines and communicates project goals to discipline members and coordinates construction document development for the team to provide a consistent product and service.
Greg Trende’s experience includes healthcare and higher education, as well as science and technology. He especially enjoys the unique challenges associated with campus infrastructure systems. He has been with MCE since 2007 and in the industry since 1997. Trende is responsible for the development and management of a project’s scope, schedule and budget. He determines and communicates project goals to team members and coordinates document development with the team to provide a consistent product and service to MCE clients.
About Michaud Cooley Erickson
Michaud Cooley Erickson is one of the oldest and largest independent mechanical/ electrical firms in Minnesota. With 130 professionals at its sole office, located in downtown Minneapolis, MCE has worked for 13 of Minnesota’s 17 Fortune 500 companies. It is licensed in all 50 states, has more than 30 LEED-Accredited Professionals and is one of the Twin Cities’ leading consultants for sustainable energy. Its recent projects include, among others, the new Bell Museum of Natural History at the University of Minnesota and the Bioscience Facility of Destination Medical Center in Rochester.
Hoffman brings nearly 20 years of real estate experience to the Colliers MSP brokerage team, specializing in occupier solutions
April 3, 2018– Colliers International | Minneapolis-St. Paul is pleased to announce the recent addition of Tom Hoffman to the brokerage services team. Hoffman will work with the Colliers MSP brokerage teams to identify optimal tenant focused, occupier solutions for a wide range of Colliers MSP clients and prospects.
Hoffman, a former principle at Avison Young, brings nearly 20 years of real estate experience to Colliers MSP. Serving both on the commercial and residential side of brokerage, he began his real estate career with Coldwell Banker, specializing in multi-family and residential investment property re-development and sales. In 2010 Hoffman founded his own company, Victory Tenant Partners, a boutique Tenant Representation firm, that represented a broad and diverse range of clients.
“I’m excited to be joining Colliers MSP because of it’s local and international presence. This presence and the enhanced resources it affords me, will help me provide optimized solutions for my clients” states Hoffman.
“We are thrilled to have Tom join us at Colliers MSP. His leadership, market knowledge and energy will add great value to our entire team” says Bill Wardwell, Managing Director of Brokerage Services and Executive Vice President with Colliers International | Minneapolis-St. Paul.
Hoffman is currently the President of the Board of Governors at Temple Israel in Minneapolis. He is also a past board member of the Minneapolis Area Association of Realtors and is active on the Minnesota Commercial Association of Realtors.
When Josh Krsnak met the late Jon Hempel, he had some modest hopes of owning a duplex. Little did he know that Hempel would draw him into a real estate investment empire with $750 million in completed transactions to its credit.
“He was never timid or fearful of anything. He’d take on the biggest challenges, the biggest deals, and say ‘I don’t know how it’s going to work out, but for some reason I think it will,’” said Krsnak, who is now CEO of the company Hempel founded, Minneapolis-based Hempel Cos. “And it did.”
Hempel died April 5 at the age of 47 after battling brain cancer for three years, according to his family. He leaves behind his wife, Heidi Harrington Hempel, two sons and a seven-month-old baby girl.
He also leaves behind a lengthy and distinguished resume. In addition to founding Hempel Cos., before he turned 44 he had four other ventures under his belt, including a construction business, a title company, a Century 21 real estate franchise and NorthStar Midstream, which specializes in the transportation of oil and natural gas.
Keith Jonathan Hempel II grew up in Elk River, a town of about 22,000 that sits on the banks of the Mississippi River about 30 miles northwest of Minneapolis. Dave Bleyhl, who taught Hempel economics and government at Elk River High, described him as a quiet but driven student.
“He was very hard-working,” Bleyhl said on Thursday.
Hempel moved to the Twin Cities in the late 1980s for college, graduating from St. Paul’s Hamline University in 1993 with a degree in economics.
He started his career at the Minneapolis architecture firm, The Cuningham Group, where he played a key role in forming Cuningham’s construction practice. From there he moved on to a project management position at the Minneapolis-based tenant representation firm Nelson Tietz & Hoye (NTH).
In 2001, he left to start Hempel Cos. It was a big risk to take, said Tina Hoye, president and principal at NTH.
“We really admired what he did,” Hoye said on Wednesday. “He really persevered and I think he was creative and diligent to get through that.”
Krsnak was 22 when he met Hempel at a real estate licensing class in 2002. At the time, Hempel Cos. consisted of just Hempel himself, then just 30 years old, and a single accountant who worked four hours a month.
It was a shoestring operation, but Hempel had big plans, which he outlined over a series of breakfast meetings with Krsnak. The idea was to put investors together to buy ailing buildings, renovate them, and then resell them at a tidy profit.
“It was pretty easy to start drinking that Kool-Aid. He was a huge optimist,” Krsnak said. “No matter how bleak it seemed, for Jon the glass was never half full. It was up to the top all the time.”
Swayed by Hempel’s conviction, Krsnak joined Hempel Cos. as the company’s first full-time employee that July, on the promise of earning 20 percent of the company’s profits rather than a set salary.
The following year was “a little rough” Krsnak said with typical Minnesotan understatement. His 20 percent cut ended up being $8,000. To make ends meet he ended up renting out all three bedrooms of his townhome while he himself slept in a janitorial closet at a small office building the company owned in Plymouth. Nevertheless, Krsnak never lost faith, largely thanks to Hempel’s unshakeable poise and confidence.
“He was very smart, very measured, very calm. You could never rattle him,” Krsnak said. “I never once heard him raise his voice or get visibly angry. He always carried himself so well.”
Their luck changed when they landed a deal representing a 1031 exchange buyer, which netted them just enough to put earnest money down on new projects.
By 2006, the company was on the ascent, getting notice for its ambitious building projects and high dollar deals. One of Hempel Cos.’ early successes was the redevelopment of the Midland Bank Building in downtown Minneapolis, which it transformed into the 222-room Hotel Minneapolis in 2007.
The firm has also owned – and sold – an array of large properties in the Twin Cities’ core business districts, including St. Paul’s UBS Plaza and Minneapolis’ Soo Line building, Canadian Pacific Plaza, and Rand Tower.
In 2013, Hempel embarked on a new venture – NorthStar Midstream – and turned operations of Hempel Cos. over to Krsnak, who had already begun the process of buying him out. Though it has been years since Hempel had direct control of his pseudonymous company, his bold approach is still very much a part of its investment philosophy. Most recently, the company finished a $71 million renovation of the former Macy’s department store in St. Paul, turning the aging building into an office and retail complex topped with an ice rink used by the Minnesota Wild hockey team as a practice facility.
“Jon taught me that you have to think bigger,” Krsnak said. “You can’t get stuck on a duplex, because one little transaction takes as much work as a big one.”
A memorial service for Hempel is scheduled for 1 p.m. on Wednesday, April 18, at Mount Olivet Church in Minneapolis.