Saint Paul, Minnesota. Where is Minnesota? Twin Cities – Minneapolis and Saint Paul.
Saint Paul BOMA NEWS€¦ · Saint Paul BOMA Office Market Report in-cluding the changes in the...
Transcript of Saint Paul BOMA NEWS€¦ · Saint Paul BOMA Office Market Report in-cluding the changes in the...
BOMA’s mission is to provide leadership to the commercial real estate industry through legislative
and regulatory advocacy, education, research, and international
networking.
332 Minnesota StreetSuite W2950Saint Paul, MN 55101Phone: 651-291-8888Fax: [email protected]
Saint Paul BOMA NEWS
Saint Paul BOMA NEWS
In this edition:Chair’s Report ...................2Upcoming Events ............3Calendar .....................Back
Events at a glance:Membership Meeting .............. October 6th Superintendents Group ............... October 15thLunch N Learn ... October 22ndJoint Seminar .. October 30th
October 2014 Vol. 46, No. 10
Greater Saint Paul BOMA’s Office Market Report – moving into the future!As we celebrate the 20th Anniversary of Greater St. Paul BOMA’s Office Market Re-port, we embark on a new journey to bring cutting edge data and information to BOMA members as well as the Greater St. Paul Real Estate Community.
At this meeting a brand new website, which will serve as the data and information hub, will be launched! Following the launch of the new website, Aaron Barnard and Julie Bauch, will be present highlights of the 2014 Saint Paul BOMA Office Market Report in-cluding the changes in the Central Business District over the last year, including inven-tory, vacancy, absorption, and market rental rates.
With any successful market, residential and retail play a very influential role. Mary Bu-jold with Maxfield Research will provide us with a look at the current residential picture in the Central Business District. Rob Clapp with the Summit Group and Alicia Hinze from the Buttered Tin will give some insight on the retail scene.
New development is also a big key to a suc-cessful market, to close things out we will hear from David Menke and Matt Rauen-horst with Opus Development on the new 7 Corners sight which is just one of the new exciting developments coming to downtown and helping to change the skyline of St. Paul!
Please join us! Don’t miss this very impor-tant and informative meeting!
DATE: Monday, October 6, 2014TIME: 11:15 am -11:45 – Networking
11:45 - 1:30pm – Lunch /Program
LOCATION: The Saint Paul Hotel 350 Market Street Promenade Ballroom
COST: $37.00 early member reg. $42.00 late/walk-in reg. $45.00 non-member
One hour of Continuing Education is pend- ing approval.
To register, call 651-291-8888 or visit www.bomastpaul.org. Cancellations must be received by Friday, October 3rd by 10:00am Substitutions will be honored. Credit cards are accepted online and through the BOMA office.
United Hosp
ital and Ch
ildren’s H
ospital
-St.Paul
Greater
Saint Paul Building Owners & Managers
Association
MA
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PO
RT
The Greater Saint Paul Building Owners and
Managers Association (BOMA) has a membership
of more than 300 commercial real estate and
building management professionals, and is one of
more than 100 BOMA chapters in North America.
The organization works to provide leadership to
the commercial real estate industry through
legislative and regulatory advocacy, education,
research, and informational networking. It also
keeps its members up to date on trends and
developments that are important to building
management and a vital downtown.
The 2011 Saint Paul Office Market Report
is the 17th annual report of the Greater
Saint Paul BOMA.
The Marketing and Leasing Committee of
the Greater Saint Paul Building Owners and
Managers Association:
Pat Wolf, co-chair, Commercial Real Estate Services, Inc.
Eric Rapp, co-chair, Colliers International
Matt Anfang, Greater Saint Paul BOMA
Aaron Barnard, Cushman & Wakefield
Julie Bauch, Jackson I LLC
Rob Davis, NorthMarq
Pete Dufour, Cassidy Turley
Joe Hughes, CB Richard Ellis
George Janssen, MarketPointe
William Thurmes, The Hearn Company
W-2950 First National Bank Building • 332 Minnesota Street • Saint Paul, MN 55101
www.bomastpaul.org • Telephone: 651-291-8888 • Fax: 651-291-1031
About the Greater Saint Paul Building Owners and Managers Association
Copyright 2011, Greater Saint Paul Building Owners
and Managers Association. All rights reserved. No
part of this report may be reproduced without written
permission from the Greater Saint Paul Building
Owners and Managers Association. Figures
contained in this report may be published by the
media with attribution to the Greater Saint Paul
Building Owners and Managers Association. Report
methodology and building classification criteria are
posted at www.bomastpaul.org.
2 0 1 1
MARKET
REPORT
Greater Sa int Paul Bu i ld ing O wners & M anagers Assoc iat ion
Health Care space is a stand-alone category that
does not impact the statistical data contained in
this report. It shows the significant impact that
Health Care space has on Saint Paul and the Central
Business District.
The Health Care space category includes 26
buildings and 4,478,079 square feet. Four of these
buildings – Gallery Professional Building, Gallery
Towers, Capitol Professional Office Building, and
the American Red Cross St. Paul Area Blood
Donation Center – are included in other categories
of this report because they provide office space.
Health Care space has gained 1,184,380 square feet
from 2007 (the first year it was recorded in this
report) to 2011. The gains are the result of building
expansions, renovations, and the addition of new
buildings to the report.
The following notable Health Care projects are
recently completed:
• Gillette Children’s Specialty Healthcare, 205
University Avenue East. This facility opened a
52,000-square-foot patient care building in
January 2011. It features expanded waiting areas
and clinical space for rehabilitation therapies and
motion analysis testing. The building is
connected by skyway to Gillette’s hospital and
clinic at 200 University Avenue East.
• Sky Tower, 333 North Smith Avenue. This newly
completed patient care tower is a joint venture
of Children’s Hospital, which owns the top four
flours, and United Hospital, which owns the
bottom two floors of the tower. The Children’s
Hospital space includes operating rooms, private
patient rooms, an expanded emergency room,
and a new entrance. United is using its space for
an emergency department and future expansion
opportunities. The tower contains 230,854
square feet.
• St. Joseph’s Hospital, 69 West Exchange Street.
The hospital reported 603,000 square feet this
year, which is 77,000 fewer square feet than last
year, due to the demolition of its north wing. St.
Joseph’s is expanding its emergency department
by 23,000 and adding parking spaces, a $13
million project.
(Please refer to the Health Care space table on page 15.)
Owner-occupied
Name
Address
Total S.F. Entity
Contact P
hone E
317 On Rice Park
317 Washington Street
2
4,000 Minnesota Wild
T
im Wolfgram 651-602-6000 [email protected]
401 Building
4
01 North Robert Street
572,044 Minnesota Life
Ann Stahley 651-248-6946 [email protected]
American Red Cross St. Paul Area 176 Robert Street South
21,263 A
merican Red Cross
Blood Donation Center*
Chicago Greatwestern Freight Condos 381 East Kellogg Boulevard
32,000
Wayne Mahoney 651-224-7518 w
Ecolab Corporate Center
370 North Wabasha Street
238,088 E
colab, Inc.
Jim Jachymowski 651-293-2307 [email protected]
Ecolab Global Communications Center 360 North Wabasha Street
72,815 Ecolab, Inc.
Jim Jachymowski 651-293-2307 ja
Jemne Building
305 St. Peter Street
25,000 Wold Architects & Engineers Virginia Dahm
651-227-7773 [email protected]
League of Minnesota Cities Building 145 West University Avenue
64,000 L
eague of Minnesota Cities Nancy Tindall
651-215-4014 [email protected]
Market Street Towers
70 West 4th Street
339,000 C
entury Link
Bill Eakins
651-221-4962 w
Minnesota Public Radio Building 45 East 7th Street
142,000 Minnesota Public Radio
Stacie Moncrief 651-290-1524 [email protected]
Rafferty Rafferty Tollefson
278 7th Street East
12,000 Rafferty Rafferty
Lindeke Architects*
Tollefson Lindeke
Saint Paul Pioneer Press Building 345 Cedar Street
150,000 S
aint Paul Pioneer Press Kevin Marquette 651-228-5090 [email protected]
Science Museum of Minnesota
120 West Kellogg Boulevard 3
8,000 Science Museum of MN
Tom Carlson 651-221-4774 [email protected]
St. Paul Radiology Building
166 East 4th Street
52,800 S
t. Paul Radiology
Barry Lindo 651-292-2000 [email protected]
The Travelers Cos.
385 Washington Street
1,000,000 S
t. Paul Travelers
Jim Scannell 6
51-310-3393 [email protected]
Twin Cities Public Television Bldg 172 East 4th Street
85,000 Twin Cities Public Television JoAnn Hawkins 6
51-229-1341 [email protected]
U.S. Bank West Side Flats Op Center 60 Livingston Avenue
3
50,000 U.S. Bank
David Grandpre 6
51-495-3136 [email protected]
Total
3,218,010
O1
O2
O3
O4
O5
O6
O7
O8
O9
010
011
012
013
014
015
016
017
Map
Key
* August 2010 data used
** August 2009 data used
*** August 2008 data used
2007
2008
20102009
2011
Health Care Space Analysis
Total Health Care Space:
(3,293,699 SF)
(3,293,699 SF)
(3,473,544 SF)
(4,271,877 SF)
(4,478,079 SF)
Central Business District
Hea
lth
Car
e Sp
ace
16
greater saint paul building owners & managers association
market report
Celebrating Saint Paul’s Parks and Green Spaces
Greater
Saint Paul
Building
Owners &
Managers
Association
M a r k e t R e p o r t
2 0 13
BOMA
2014
Market Report
Page 2 - Saint Paul BOMA Saint Paul BOMA - Page 3
Bill Thurmes, Chair Greater Saint Paul BOMA Board of Directors
Greater Saint Paul BOMA has many strengths. We are very fortunate to have the staff that has the vision and dedication to make the organization great as well as an ever growing membership of business professionals. An area that does not get enough recognition though is the never ending work of our committees. So with that in mind I felt the urge to capture my inner David Letterman and
give you a Top Ten list of why you should join one of our many committees.
10) It is a great networking opportunity.
9) Volunteering for a committee is tax deductible under Obamacare.
8) You can only make Greater Saint Paul BOMA better by participating.
7) The Committee Chairs have no idea what they are doing and need your help.
6) Committees are laying the foundation for the organization, and it is your opportunity to keep us on the cutting edge.
5) The hours may be long, but at least you are not getting paid.
4) Each committee makes Greater Saint Paul BOMA better.
3) Bill Thurmes Chairs this organization? I better get on a committee to starting fixing things now.
2) You are not on a committee? Why not?
And the number one reason for joining a committee is (drumroll)…
1) Joe Spartz is willing to personally wash your car if you join a committee.
Chair’s REPORT SUPERINTENDENTS GROUP
RRT Newport Resource Recovery Facility Tour
Resource Recovery Technologies (RRT) is based in Min-nesota and operates 2 facilities in the Twin Cities Metro Area. As the Midwest’s largest processor of waste ma-terials, they provide sustainable and cost-efficient fuel from municipal solid waste.
RRT relies on their partnerships with local governments, waste haulers and their unique processing capabilities to breathe new life into everyday waste. RRT’s positive alternatives to traditional waste disposal means that ap-proximately 400,000 tons of Metro Area waste is used to create energy, rather than going to a landfill.
• RRT turns Municipal Solid Waste into energy through our unique, high-tech recovery processes.
• Through this recovery process, RRT also recycles more than 20,000 tons of metals each year
Doug Germain who is a Transportation Specialist for the plant in Newport has been with the company for 25 years. He will answer our questions and be in charge of the video presentation of the plant. Space is limited to 40, so get your reservation in now.
DATE: Wednesday, October 15thTIME: 12:00pmLOCATION: 100 Red Rock Road Newport, MNCOST: $15.50 pre-registered, $17.50 walk-inEDUCATION: SMA/SMT/RPA/FMA
CPD’s Available
Register at www.bomastpaul.org or call 651-291.8888.
abm.com
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ResponsibleByNature.com/Business
Energy e� ciency control systems o� er a central hub from which you can automatically control all of your building’s lighting, cooling and ventilation functions. That can mean lower costs, greater comfort, happier tenants and fewer nuisance calls. Plus, Xcel Energy o� ers rebates that help o� set your up-front cost of installing these energy-saving controls.
Visit ResponsibleByNature.com/Business or call an energy e� ciency specialist at 1-800-481-4700.
CENTRALENERGY POSTBUILDING’S c� mandyour
ESTA
BLISH
© 2014 Xcel Energy Inc.
ResponsibleByNature.com/Business
Energy e� ciency control systems o� er a central hub from which you can automatically control all of your building’s lighting, cooling and ventilation functions. That can mean lower costs, greater comfort, happier tenants and fewer nuisance calls. Plus, Xcel Energy o� ers rebates that help o� set your up-front cost of installing these energy-saving controls.
Visit ResponsibleByNature.com/Business or call an energy e� ciency specialist at 1-800-481-4700.
CENTRALENERGY POSTBUILDING’S POSTc� mandPOSTBUILDING’SyourBUILDING’SES
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ISH
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Crisis: lessons learned
Presented by: Greater St. Paul BOMA & BOMA Greater Minneapolis
Date: Thursday, Oct. 30th Time: 8:30am-‐11:00am Location: University of St. Thomas (Terrence Murphy Hall Auditorium) 1000 LaSalle Ave Minneapolis , MN Cost: $70.00 St. Paul & Minneapolis BOMA members $95.00 non-‐member 2.5 hours of continuing education are pending for this seminar
Register online at www.bomastpaul.org or call 651-‐291-‐8888. Credit cards are accepted
online and through the BOMA Office.
Speakers: Sponsors: Steve Zahn – Minneapolis DID Mark Clark – Minneapolis Police Dept. Bill Lieder – Target Corporation Kris Eide – MN Homeland Security Ray Vaughn – Colliers International Dan O’Donnell – Cushman & Wakefield/NorthMarq Nathalie Peffer – Frauenshuh Health Care Mark Coleman – Frauenshuh Health Care
Commercial Real Estate Professionals who own or manage office buildings have a responsibility to their tenants to be prepared to respond appropriately to a crisis. Lives depend on it, businesses depend on it, and property values depend on it. We need to be prepared! In June 2014, police, fire and SWAT teams came together in various exercises to practice their joint response to crisis scenarios. BOMA members in Minneapolis and St. Paul took part in these exercises to observe potential crisis situations in a live setting. They want to share both the experience and lessons learned with YOU. BOMA Greater Minneapolis and St. Paul BOMA are pleased to present this joint seminar - Crisis: Lessons Learned. Together, let’s strengthen the partnership between BOMA members and responding agencies in order to save lives, businesses, and our properties.
Page 4 - Saint Paul BOMA Saint Paul BOMA - Page 5
jeff volovsek, pe, CeMEnergy Delivery Services Manager
Tel: 651.925.8169 Fax: 651.925.8190 Cell: 651.248.2294
CUsToMeR seRvICe
www.districtenergy.com
joNATHAN MARTeNsCustomer Service Engineer
Tel: 651.925.8257 Fax: 651.221.0353 Cell: 651.334.5266
Providing custom commercial roofing services tailored to fit your specific building and budget.
Scott Steigauf Roof CaptainCell 612.598.9613
[email protected] allweatherroof.com
Thank you to all of our Service Partners that exhibited in the 2014
Products and Services Expo!
ABM Onsite ServicesAhern Fire Protection
Alexander’s Mobility ServicesAlliedBarton Security Services
Allweather RoofAspen Waste Systems
BWS Heating & Air ConditioningBELFOR Property Restoration
Better Days Wood ServicesBrin Northwestern GlassCFS Interiors & Flooring
Columbia Building ServicesComcast Business
Construction ResultsCreative Lawn and Landscapes, Inc.
District Energy, St. PaulDivine Swine
ECOLABEdward H. Cook & Associates
Four Seasons Energy Efficient RoofingGate Guard
General Security Services Corp.Greiner Construction
HarvardHorizon Roofing, Inc.
HumeraTechHorizon Roofing
John A. Dalsin & SonKendell Doors & Hardware
KONE, Inc.Larson Engineering
Managed Services, Inc.Marsden ServicesMcCaren Designs
McPhillips Bros. Roofing Co.Mohagen/Hansen Architectural Group
Parsons ElectricPeoples Electric Company
Premier Lighting, Inc.Reliable Property ServicesRestoration Systems, Inc.
Schindler ElevatorSecuritas Security ServicesServiceMaster by Hedden
SiemensSpectrum Sign Systems
The Blue Book of Building & ConstructionThyssenKrupp Elevator
Tierney BrothersUHL CompanyViking Electric
Western WaterproofingXcel Energy
24th Annual Products & Services Expo
Greater Saint Paul BOMA
24th Annual Products & Services Expo
Balancing the fine line between Public and Private properties; Who has the final word?
When someone comes into your building, who has the say in whether they can stay if they don’t have business to attend to? What if there are groups congregating in the skyways? What are your rights as a property manager and security manager? When do you need to get the public sector involved and what can they do? City Attorney, Sara Grewing and SPPD Sr. Commander David Mathison will join us on Wednesday, October 22nd at 180 E. 5th Street, 2nd floor conference room for a discussion with Property Professionals and will provide information on this timely topic. Cost is $20.00 for members and $30.00 for non-members. One hour of Continuing Education is pending approval. Call 651-291-8888 to register.
SEMINAR
Page 6 - Saint Paul BOMA Saint Paul BOMA - Page 7
BOMA BITS
• A ribbon cutting ceremony was recently held at Alliance Bank Center for their new tenant “Redpath & Company” who opened their doors on the 14th floor on September 2nd. Redpath & Company, previously known as HLB Tautges Redpath, is an accounting firm established in 1971 that maintains offices in White Bear Lake, Fargo, and now St. Paul. In attendance at the ribbon was Mayor Chris Coleman who stated “Redpath & Company joins the ranks of St. Paul employers, large and small, who value being in the heart of the urban core and accessing the amenities offered in our downtown. I’m excited to welcome their headquarters as part of our city and part of the momentum and economic growth in St. Paul.” Redpath & Company is the largest accounting firm in St. Paul and hopes to move all of its Minnesota operations to downtown St. Paul in the near future.
• The Bill Buth Scholarship program is looking for funding. If you would like to contribute and help sponsor more scholarships, please contact Denise at the BOMA office for details.
Each month Greater Saint Paul BOMA will highlight a BOMA member. If you would like us to feature you and your company please email [email protected].
BOMA Member Spotlight
Hello fellow BOMA members! Well, here goes… the story of my life in 500 words or less!
You may or may not know that I was born, a long, long time ago, in that beautiful city by the lake…Duluth! I am the oldest of five children; I have one sister and three brothers. My entire family lives in the West now, in Boise and Portland. We grew up loving and playing in the great North Country doing such things as skiing, snowmobiling, boating, swimming, fishing, waterskiing, and spending lots of time at our family cabin in Ontario, Canada. My grandfather and father were pioneers of the snowmobile business, having one of the first Bombardier distributorships in the Midwest. My grandfather was an entrepreneur at heart; he never even finished high school! He also started a miniature Christmas tree business called Halvorson Trees…look them up online…and an FBO (fixed base operation) at the Duluth airport. Both he and my dad had their pilot’s licenses and we traveled extensively in the US, Canada and the Caribbean. It was a good childhood and there were many fun times with a tightly knit family.
While attending college at UMD, I met my husband at my first job working in a ski shop…he was actually the one that hired me. We got married and three years later welcomed our 1st child, son Erik. In 1988 we moved to the Twin Cities
and had child #2, our daughter Laura. Erik is now 31 (I told you I was born long, long ago!) and is a Business Specialist at Wells Fargo Bank in White Bear Lake. Laura is 23 and is working on her degree in Family Social Sciences at the U of M. Oh, I can’t forget we also have a loving 12 year old yellow lab, Kali! In 2010, my husband of 30 years lost a 10 year battle with leukemia. My kids and I have managed to pick up the pieces and go about our lives, but they will never be quite the same.
My early career was in retail, where I eventually became a clothing buyer and store manager for a couple different specialty stores. I got into commercial property management in the 90’s working for Rosedale Center. From there I was lured into the office sector where I’ve hung my hat ever since. I am so blessed to have met some of the most awesome people through my membership in BOMA and have established many great friendships! I have made the most of the many volunteer opportunities that have come my way and found it to be one of my callings. Besides BOMA, I have been actively involved with AEON, the Angel Foundation, Serving Our Troops, Unseen Angels, Eagle Brook Church, and the Leukemia Society’s Team in Training, to name a few! Other than that, I enjoy skiing, and try to make an annual trek to the mountains. I am an avid concert go-er, I love all kinds of music! I like going to estate sales, (make that all kinds of sales!), and have a small space in a local antique shop. I enjoy motorcycle riding and got my endorsement last summer. I also like to work out and spend time with friends whenever possible.
SHAWN WISKI Property ManagerSecurity National PropertiesAlliance Bank Center
Department of Commerce Looking for Volunteers The Department of Commerce will be reviewing the state salesperson and broker examinations at the end of next month (October 29 or 30) and will be relying in part on voluntary as-sistance from subject matter experts who typically come from the ranks of our members. The real estate license examina-tions have benefited greatly from the knowledgeable advice provided by our members over the years.
The Department of Commerce periodically works with the prelicense examination provider to review the questions on each test to ensure that they remain up-to-date, clearly word-ed, and appropriate for measuring the knowledge required to work in the field. The review meeting will likely take a full day. Continuing education credit is offered. A separate half-day meeting to review our prelicense abstract-er examination will also take place on either October 29 or 30. If you are interested or know of any licensed abstracters who might be willing to serve as subject matter experts for that review, please contact Joe Spartz.
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Page 8 - Saint Paul BOMA
GREATER SAINT PAUL BOMAFirst National Bank Building W2950332 Minnesota StreetSaint Paul MN 55101
Greater Saint Paul BOMAPhone: 651-291-8888Fax: 651-291-1031www.bomastpaul.org
OFFICERS: William Thurmes, Chair Julie Bauch, Vice Chair Shawn Wiski, Sec./Treasurer
DIRECTORS: David Ketcham Rick Hanson Jerry Hersman Pat Skinner Bruce Thompson Tim Yohnk
STAFF: Joe Spartz, President Denise Jenkins, Editor
Greater Saint Paul BOMA NewsletterPublished Monthly by Greater Saint Paul BoMa
Printed by allegra, Marketing, Print, MailStatements and opinions in editorials or articles written by the publisher and staff do not necessar-ily represent the opinion of BOMA or its membership. Articles may be reproduced only by written authority of the editor.
DiSclAiMer: All advertisements are accepted and published upon the representation that the Agency or Advertiser is authorized to publish the entire contents and subject matter thereof. The Agency and/or Advertiser will identify and hold harmless the publishers, the employees and agents of the publisher from any advertisement including claims or suits for defamation, libel, violation of rights of privacy, plagiarism, and copyright infringement.
BomaInternational
CALENDAR 2014
OCTOBER
NOVEMBER
Membership Meeting ......................................October 6th
Superintendents Group ..................................October 15th
Lunch N Learn .............................................October 22nd
Joint Seminar ................................................October 30th
Brokers Group .............................................November 5th
Membership Meeting ................................November 10th
Superintendents Group ..............................November 19th
NEW MEMBERSPETER BOURLAND
Web Electric100 2nd Street SE, Suite 805
Minneapolis, MN 55414T – 651-464-1660
Email: [email protected]
13400 15th Ave North, Suite CPlymouth, MN 55441www.rejournals.com
952.405.7781 - Direct612.940.3713 - Cell952.885.0818 - Fax
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