MSCA Newsletter - digital - Minnesota Shopping Center Association
MSCA Newsletter - digital - Minnesota Shopping Center Association
MSCA Newsletter - digital - Minnesota Shopping Center Association
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
January 2011<br />
<strong>Minnesota</strong> <strong>Shopping</strong> <strong>Center</strong> <strong>Association</strong><br />
Vol 25. No. 1<br />
In this Issue<br />
Retail & Social Media -- FEATURE 1<br />
Blue Apartments ------ SNAPSHOT 1<br />
Rauenhorst/Ulstad - MEMBER PROFILES 5<br />
<strong>Newsletter</strong> --------- COMMITTEE CHAT 5<br />
STARRSM Awards --- PROGRAM RECAP 7<br />
Rising Star ----------- RISING STAR 11<br />
Connection<br />
Feature<br />
by Andy McDermott, Shea, Inc.<br />
Retail and Social Media:<br />
Are you on board yet<br />
Whether or not you are paying attention, the<br />
combination of social networking and smart phones<br />
is rapidly changing the face of retail. Retailers are<br />
beginning to take advantage of this relatively new media<br />
and are finding that it provides a valuable direct link to their<br />
customers. These new forms of communication are creating<br />
revolutionary interactions between shoppers, retailers and<br />
property owners.<br />
Many retailers are apprehensive about using this new<br />
technology because of the rate at which things are<br />
changing, and there has been little documentation of the<br />
effects of social media. For many, entering into this world<br />
requires a leap of faith, but retailers that have taken that<br />
leap are beginning to report a significant return on their<br />
investment in social media. They are finding direct links to<br />
the customers that believe in their brands, and they are not<br />
only getting feedback from them, but finding ways to<br />
engage them on a<br />
regular basis with<br />
incentives, special<br />
invites and rewards, all at a relatively low cost. More<br />
importantly, they are getting these customers into their<br />
stores. These newly documented results could be a strong<br />
indicator that social media is here to stay, and it will likely<br />
continue to evolve at warp speed. Therefore, for those that<br />
don’t have much interest in social media, it may be time to<br />
start taking notice.<br />
The number of people that do engage in social media is<br />
significant and it grows by huge numbers every day. Two of<br />
the best known social media sites, Facebook and Twitter,<br />
each publish statistics about social media usage and<br />
Facebook.com states that the site has more than 500 million<br />
active users with 50% of them logging on to the site on any<br />
given day. According to statistics released by Twitter in April<br />
Snapshot<br />
Blue Apartments<br />
msca-online.com<br />
1<br />
Location: 801 W Lake St, Minneapolis, MN 55401<br />
Month/Year Opened: December 2008<br />
Owner: 2900 Aldrich Apartments, LLC<br />
Managing Agent: Greco Properties<br />
<strong>Center</strong> Manager: Kate Heitzman<br />
Leasing Agent: Deborah Carlson, Cushman Wakefield, 952-465-3370<br />
Architect: BKV Construction Contractor: Frana<br />
GLA: 12,000 sf. Up to 7,000 sf is still available for retail leasing,<br />
including the corner space with floor to ceiling windows and<br />
outside patio.<br />
Current Occupancy: 40% # of Stores: 2-4<br />
Market Area Served: Lyn-Lake and Uptown<br />
Construction Style: Concrete<br />
Link to Company or Project Website: www.grecollc.com and<br />
www.move2blue.com<br />
Additional Facts/Narrative: Blue is located in the heart of the Lyn-Lake<br />
area, a densely populated neighborhood with strong pedestrian traffic.<br />
The retail shops of Blue are on the Lake Street frontage of the Blue<br />
Apartments (a 242-unit luxury apartment community), and include 40+<br />
dedicated underground parking spots available on-site for retail customers.<br />
<strong>MSCA</strong> Connection January 2011
Retail and Social Media - continued<br />
of this year, 7% of Americans (17 million)<br />
actively use Twitter, while 41% maintain a<br />
profile page on Facebook. The company<br />
also reported that 51% of active Twitter<br />
users follow companies, brands or<br />
products on social networks, which has<br />
caused many retailers to become active<br />
participants.<br />
For retailers, setting up Facebook and<br />
Twitter accounts has no initial cost, but<br />
maintaining it requires time and effort. An<br />
advantage of Twitter is that its emphasis<br />
is on brevity and immediacy, which<br />
means information can be transmitted<br />
quickly with minimal effort, but if retailers<br />
want to have significant relationships<br />
with their online customers, they need to<br />
be active and available. When retailers<br />
are able to dedicate resources to<br />
maintain these profiles, they can use the<br />
medium to make announcements of<br />
upcoming sales and special events, offer<br />
discounts and coupons directly to their fans, and engage<br />
customers for their feedback. Customers are also finding<br />
great value in the dialog, incentives and rewards, and this<br />
creates a win-win situation.<br />
Owners Getting in the Game<br />
“...[RETAILERS] CAN<br />
USE THE MEDIUM<br />
TO MAKE<br />
ANNOUNCEMENTS<br />
OF UPCOMING<br />
SALES AND SPECIAL<br />
EVENTS, OFFER<br />
DISCOUNTS AND<br />
COUPONS<br />
DIRECTLY TO<br />
THEIR FANS...”<br />
This type of interactivity has also received the attention of<br />
shopping center owners who, until recently, have generally<br />
viewed the internet as a threat because of the rise in online<br />
shopping. The difference with social media is that it can<br />
actually be used as an incentive to get people into the<br />
bricks-and-mortar stores. Previously, center owners have<br />
focused on on-site campaigns such as art shows to draw the<br />
public to their sites. Many owners are beginning to see social<br />
media as a cost-effective alternative, and are partnering<br />
with their tenants to find creative ways of using this new<br />
medium to get shoppers to come through their doors.<br />
Macerich Co., owners of Scottsdale Fashion Square, a<br />
2,000,000 sf mall in Scottsdale, Arizona, recently launched a<br />
Facebook campaign that introduced Kevin and Libby, a<br />
couple of plush mannequins, to their 640 fans. Photos of<br />
Kevin and Libby were posted on the center’s Facebook<br />
page that depicted them in a wide range of activities<br />
around the city: getting popcorn at the movies, riding the<br />
downtown trolley, having margaritas at a restaurant and<br />
even attending a Diamondbacks game. Fans of the center<br />
enjoyed following the couple, who would share their<br />
experiences on the social site. If the pictures depicted Libby<br />
out on the town in a cute skirt, and Kevin in some cool jeans,<br />
Macerich took the opportunity to let customers know which<br />
shops in their center carry those items. Macerich also<br />
provided clues as to where customers might spot Kevin and<br />
Libby next, giving customers something to talk about and<br />
follow. Kevin and Libby became a curiosity for customers,<br />
and the campaign garnered media attention and won<br />
them even more Facebook fans.<br />
Atlanta-based REIT Cousins Properties, which owns several<br />
lifestyle centers, used their centers’ Facebook pages to<br />
advertise a gift card contest. The entire<br />
campaign cost less than $1,000 per property,<br />
where by comparison, an on-site marketing<br />
event would require costs for equipment<br />
rentals, extra staffing, entertainment and<br />
supplies. Cousins also launched a Facebook<br />
contest called “Affordable Luxuries,” where<br />
they asked fans to upload photos of what<br />
they deemed affordable purchases found at<br />
their centers. The shoppers were also<br />
encouraged to share shopping tips and<br />
participate in surveys. Participants were<br />
entered in drawings for prizes and many<br />
received free gifts. The contest successfully<br />
raised the number of fans on their Facebook<br />
page from 66 to 1,300.<br />
Really Smart Smart Phones<br />
Most recently, the integration of social media<br />
and smart phone technology is capturing<br />
the attention of retailers. According to<br />
statistics on Facebook.com, there are more<br />
than 200 million active users currently accessing Facebook<br />
through their mobile devices. Facebook also states that<br />
since social plug-ins launched in April 2010, more than<br />
2,000,000 websites have integrated with Facebook, with an<br />
average of 10,000 new websites integrating with it every<br />
day. Twitter.com has also noted that nearly 2/3 of active<br />
Twitter users access social networking sites using their mobile<br />
phones.<br />
Retailers that have been taking advantage of smart phones<br />
equipped with location based technology have been able<br />
to connect with customers who use their phones to “check<br />
in” at their favorite stores and restaurants. Applications such<br />
as Foursquare and Facebook Places allow the customer to<br />
tell retailers that they have arrived in their stores, but new<br />
advances in this technology have brought us applications<br />
like Shopkick, which connect retailers with their customers in<br />
a slightly different way. When shoppers who have the<br />
Shopkick application loaded on their phone visit<br />
participating retailers, such as Best Buy, Target or even a<br />
Simon Properties mall like the Mall of America, they are<br />
instantly recognized by the retailers as they cross the<br />
threshold of a store. There is no need to “check in” and the<br />
customers are instantly rewarded in the form of “Kickbucks”<br />
or scannable mobile coupons, which are sent directly to<br />
their phones and can be used toward purchases at any of<br />
the participating retailers. With this technology, customers<br />
are being instantly rewarded just for being a customer that<br />
walks through the front door.<br />
The Next Level<br />
Some more aggressive shopping center owners are<br />
embracing the world of social networking to the point<br />
where they are investing in development of proprietary<br />
smart phone applications. In June, Developers Diversified<br />
Realty, which owns an international portfolio of shopping<br />
centers, launched its own social network for 25 of its lifestyle<br />
centers. This social network is named ShopStar, and the<br />
company calls it an “online hub” for its tenants and<br />
customers. The site, which incorporates the centers’<br />
continued on page 12<br />
msca-online.com <strong>MSCA</strong> Connection January 2011<br />
2
JANUARY INSERT FEATURE: United Properties<br />
msca-online.com<br />
3<br />
<strong>MSCA</strong> Connection January 2011
M A R K E T<br />
W A T C H<br />
Events<br />
Jan 5 Retail Focus<br />
Jan 20 Third Thursdays Networking<br />
Feb 2 Development/<br />
Redevelopment<br />
Feb 17 Third Thursdays Networking<br />
Mar 2 Economic Outlook<br />
Mar 16 Business Day at the Capital<br />
Mar 17 Third Thursdays Networking<br />
For more info, please log on to<br />
www.msca-online.com<br />
2011 Leadership<br />
OFFICERS<br />
President<br />
Peter Berrie, Faegre & Benson LLP<br />
1st Vice President<br />
Paula Mueller, Northtown Mall/Glimcher Properties<br />
2nd Vice President<br />
Ronn Thomas, NorthMarq<br />
Treasurer<br />
Eric Bjelland, NorthMarq<br />
Secretary<br />
Dana Andresen, Chuck & Don’s Pet Food Outlet<br />
DIRECTORS<br />
Tony Barranco, Ryan Companies US, Inc.<br />
John Dietrich, RLK Incorporated<br />
Jen Helm, NorthMarq<br />
Andy McDermott, Shea, Inc.<br />
Bob Pounds, Welsh Companies<br />
Hans Rasmussen, Robert Muir Company<br />
Jeff Wurst, Caribou Coffee Company, Inc.<br />
Immediate Past President (as Director):<br />
Stephen Eggert, Target Corporation<br />
COMMITTEE CHAIRS<br />
Program<br />
Tom Goodrum, MFRA, Inc.<br />
Tom Moorse, HTG Architects<br />
Networking<br />
Will Matzek, Kimley-Horn & Associates<br />
Cindy MacDonald, Kraus-Anderson Companies<br />
<strong>Newsletter</strong><br />
Andy McDermott, Shea, Inc.<br />
JoAnn Maloney, Fredrikson & Byron, P.A.<br />
Awards<br />
Tony Barranco, Ryan Companies US, Inc.<br />
Derek Naill, Associated Bank<br />
Legislative<br />
Jack Amdal, DLR Group KKE<br />
Leah Truax, NorthMarq<br />
Retail Report<br />
Janet Goossens, Kraus-Anderson Companies<br />
Michael Broich, Target Corporation<br />
Technology<br />
Jase Stumph, LS Black Constructors, Inc.<br />
Mark Robinson, Paster Enterprises<br />
Golf<br />
Ryan Burke, Kraus-Anderson Companies<br />
Cindy Weber, Engelsma Construction<br />
Sponsorship<br />
Janele Taveggia, LEO A DALY<br />
Shelly Muelken, Marketplace Commercial<br />
<strong>MSCA</strong> Cares<br />
Zach Stensland, Welsh Companies<br />
Herb Tousley, Exeter Realty Company<br />
STAFF<br />
Executive Director<br />
Karla Keller Torp<br />
(P) 952-888-3490 (C) 952-292-2414 (F) 952-888-0000<br />
ktorp@msca-online.com<br />
Associate Director<br />
Stacey Bonine<br />
(P) 952-888-3491 (C) 952-292-2416 (F) 952-888-0000<br />
sbonine@msca-online.com<br />
Executive Assistant<br />
Danielle Pelton<br />
(P) 952-345-0452 (F) 952-888-0000<br />
dpelton@msca-online.com<br />
MN Marketplace<br />
Press releases are printed based upon availability of space and relevance to the local market.<br />
Owner Lynn Gordon has been serving Peoples Organic Coffee at her<br />
French Meadow Bakery locations for years. Now she is serving her French<br />
Meadow baked goods at Peoples Organic Coffee and Wine<br />
Café, a new shop in Galleria Edina, which opened in December.<br />
Meritage Restaurant in St. Paul’s historic Hamm Building has<br />
expanded to include a larger bar area complete with oyster bar. The<br />
new 40-seat addition opened in December.<br />
Psycho Suzi’s Motor Lounge moved to an 18,000 sf<br />
riverfront location in northeast Minneapolis, formerly the home of<br />
Gabby’s Saloon, in December.<br />
Two jewelry stores were recently completed in The Shops at<br />
West End in St. Louis Park: Wedding Day Diamonds and<br />
Bergstrom Jewelers.<br />
Construction has begun on Masu Sushi & Robata, a<br />
new Japanese restaurant to occupy the former Let’s Cook<br />
space at 300 E. Hennepin Avenue in northeast Minneapolis.<br />
Turnstyle has leased 10,775 sf at Southdale Square in<br />
Richfield. Interesting tidbit: Turnstyle owner, Lew Kennedy<br />
leased the same space some 20 years ago for his Titlewave<br />
Video store.<br />
Aldi Foods has leased 17,929 sf in Crystal Town <strong>Center</strong> in<br />
the space previously occupied by Office Depot at the<br />
intersection of Bass Lake Road and West Broadway. Aldi Foods<br />
will open for business in April 2011.<br />
Anytime Fitness has opened a 4,000 sf fitness club in<br />
Southview <strong>Center</strong> in South St. Paul. The club is one of the first to<br />
offer a multi-purpose room where members can view preprogrammed<br />
video instruction for spinning, yoga, pilates and kick<br />
boxing on a large screen.<br />
Blue Plate Restaurant Company (Highland Grill, Edina Grill,<br />
Longfellow Grill), opened Scusi, at 1806 St. Claire Avenue, St. Paul in<br />
the old Heartland Restaurant space. The menu includes Italian bistro<br />
items, pizza and a wine bar.<br />
Chambers Hotel in Minneapolis has once again constructed its<br />
Chambers Ice Bar on the outdoor patio, which opened in mid-<br />
December.<br />
Member News<br />
Architectural Consortium Certified. Architectural Consortium LLC is now<br />
certified as a “Woman-Owned Business Enterprise” (WBE) as well as a “Small<br />
Business Enterprise” (SBE).<br />
Stradtman Joins Alliance Bank. Alliance Bank announced the recent<br />
hiring of David W. Stradtman as Vice President/Real Estate Management and<br />
Administration. In this position, Stradtman will be responsible for managing<br />
regulatory compliance, valuation and appraisals of Other Real Estate Owned<br />
(OREO) properties bank-wide.<br />
msca-online.com<br />
4<br />
<strong>MSCA</strong> Connection January 2011
Member Profiles<br />
Matt Rauenhorst<br />
Opus Development<br />
Marissa Ulstad<br />
Fafinski Mark & Johnson, PA<br />
New Members<br />
Brett Perry<br />
Messerli & Kramer, P.A.<br />
Sheila Zachman<br />
Keith Anderson<br />
Madison Realty Partners<br />
Dave Bade<br />
Dan Jernberg<br />
All Elements, Inc.<br />
Jane Borden<br />
Target Corporation<br />
Gail Kennedy<br />
NorthMarq<br />
Ted Jokerst<br />
Welsh Companies<br />
Jim Leary<br />
CB Richard Ellis<br />
Mike Brandt<br />
MFRA, Inc.<br />
Christine Butterfield<br />
Kraus-Anderson Companies<br />
Primary Career Focus: Retail Development<br />
Hometown: Plymouth, MN<br />
Education: BA in Entrepreneurship at University of St. Thomas, MBA University of Wisconsin<br />
Madison<br />
Family: Married (Kristine)<br />
Hobbies: Anything outside, lots of fishing and hunting<br />
Very First Job: General Mills Oat Plant in Fridley<br />
Dream Job: Meteorologist<br />
Secret Talent: Tying knots<br />
Favorite Food: Pizza<br />
Favorite Book: Waiting for White Horses<br />
Favorite Quote: “Before I refuse to take your questions, I have an opening statement.”<br />
~Ronald Reagan<br />
Favorite Place Traveled: Rome<br />
<strong>MSCA</strong> Involvement: <strong>MSCA</strong> Cares Committee, Caring Tree Board of Directors<br />
Primary Career Focus: Drafting and negotiating legal documents for real estate, lending,<br />
and corporate transactions<br />
Education: BA from Appalachian State University; JD from Hamline University<br />
Family: Husband Eric, 2 dogs and a very tolerant cat<br />
Hobbies: Reading, pheasant hunting, going to Bon Jovi concerts (15 so far!)<br />
Very First Job: Horse groomer/stall mucker at a riding barn<br />
Dream Job: Own and run a dog rescue ranch<br />
Secret Talent: Not sure if it’s a talent, but I love to cook<br />
Favorite Food: Red’s Savoy Pizza<br />
Favorite Book: Gone With the Wind<br />
Favorite Movie: Goodfellas<br />
Favorite Quote: “What's right and good doesn't come naturally. You have to stand up<br />
and fight for it—as if the cause depends on you, because it does.” ~Bill Moyers<br />
Mentors: My dad, John Breitinger, Greg Brenny<br />
Favorite Place Traveled: Norway<br />
Committee Chat<br />
Co-Chairs: Andy McDermott, Shea, Inc. and<br />
JoAnn Maloney, Fredrikson & Byron, P.A.<br />
NEWSLETTER<br />
The <strong>MSCA</strong> <strong>Newsletter</strong> Committee meets quarterly to share<br />
ideas and coordinate our work for the monthly newsletter.<br />
With the exception of articles written by guest authors, our<br />
committee writes, edits and proofs all of the articles published in the <strong>MSCA</strong> <strong>Newsletter</strong>. We<br />
are always open to new ideas including topics for articles (whether to be written by a<br />
committee member or a guest author,) advertising ideas and changes to the format of<br />
the newsletter.<br />
Two new exciting changes have recently been implemented. The biggest change is that<br />
the newsletter is now published electronically rather than in hard copy. While the delivery<br />
mechanism for the newsletter has changed, the format of the newsletter currently remains<br />
the same. Electronic publishing will significantly reduce administrative costs on an ongoing<br />
basis by eliminating printing and postage costs. Second, for the first time, past issues of the<br />
newsletter are available without logging onto the <strong>MSCA</strong> website. Not only are the past<br />
newsletters more accessible to members, but now non-members can access this<br />
database as well. We hope that membership finds these changes beneficial and we<br />
welcome any comments that you have regarding these changes.<br />
If you are interested in joining the committee, contributing as a guest author, or advertising<br />
your property or company in the newsletter, please contact Committee Chair, Andy<br />
McDermott, at andym@shealink.com or Committee Co-Chair, JoAnn Maloney, at<br />
jmaloney@fredlaw.com. Thanks to this year’s membership committee members for their<br />
time and efforts: Creig Andreasen, Greg Brenny, Bruce Carlson, Deb Carlson, Richard<br />
Jahnke, Natina James, Curt Larson, Judy Lawrence, Jeff Orosz, Deb Page, Nate Semsch,<br />
Eric Tuck and Susan Wilson. We also want to thank Peter Berrie, our Board Liaison, and<br />
Stacey Bonine, our staff contact, for their ongoing service to the committee.<br />
msca-online.com<br />
5<br />
<strong>MSCA</strong> Connection January 2011
Happy<br />
New<br />
Year!<br />
from the<br />
<strong>MSCA</strong> Staff<br />
Thank you!<br />
A huge thank you again<br />
to our 2010 STARRSM<br />
Awards sponsors:<br />
<br />
<br />
<br />
Chuck & Don’s Pet<br />
Food Outlet for<br />
sponsoring the<br />
chocolates,<br />
champagne toast,<br />
the appetizers and<br />
the boards<br />
Fredrikson & Byron,<br />
P.A. for sponsoring<br />
the appetizers<br />
Ryan Companies US,<br />
Inc. for sonsoring the<br />
boards<br />
2011 <strong>MSCA</strong> President’s Letter<br />
Peter Berrie<br />
2011 <strong>MSCA</strong> President<br />
I am honored to be the <strong>MSCA</strong> president for 2011. I became a member<br />
about ten years ago because I wanted to attend a program that I<br />
knew would be of interest to a client. The <strong>MSCA</strong> struck me as a very<br />
special organization then, as it still does today.<br />
Before and after that first program, it was obvious that most <strong>MSCA</strong><br />
members in attendance were fun-loving people who knew each other<br />
well and enjoyed each other’s company. Most importantly, as a<br />
newbie, I felt welcome. And I felt that <strong>MSCA</strong> members went out of their<br />
way to be welcoming.<br />
There were two key factors that have made the <strong>MSCA</strong> special for me<br />
and I ask that each of you keep these in mind with respect to your<br />
own <strong>MSCA</strong> involvement throughout 2011. One you can do for others; the other you can do<br />
for yourself.<br />
First, as I mentioned above, help us continue the tradition of welcoming newcomers! I was<br />
lucky to have worked with an <strong>MSCA</strong> member before joining <strong>MSCA</strong>. Before I knew anyone,<br />
at the monthly programs this member always sought me out, invited me to sit with him and<br />
introduced me to others. For those of us who have been involved many years, please<br />
remember to help more junior colleagues or acquaintances get to know more of us. It’s<br />
something those new members will probably never forget.<br />
“…DEEPEN YOUR<br />
TIES WITH THE<br />
PEOPLE YOU MEET<br />
THROUGH <strong>MSCA</strong>.”<br />
Second, another valuable way to be involved is to<br />
deepen your ties with the people you meet through<br />
<strong>MSCA</strong>. As I think about the people who are so<br />
gregarious and laughing before and after (and often<br />
during) the programs I have attended, I realize they are<br />
the people most involved with committees and the<br />
board of directors. This is not surprising. Coming to the<br />
programs and to events like the STARRSM Awards is a<br />
great way to meet people, but there is no way to get to<br />
know someone well enough to develop a relationship<br />
unless you see them more frequently. Meeting monthly<br />
or quarterly on a committee is a great way to meet 10-<br />
15 very talented real estate professionals. Do yourself a<br />
favor and join a committee. If you’re already on one,<br />
join another! As my father taught me, you get out of<br />
something what you put into it.<br />
Thanks to the hard work this past year of our officers,<br />
directors and staff, <strong>MSCA</strong> is on great footing despite a tough 2010. <strong>MSCA</strong> is offering more<br />
benefits to its members than ever before. 2011 is supposed to be our industry’s turning<br />
point. It’s going to be an exciting and promising 2011; now is the time for the <strong>MSCA</strong> to let<br />
the good times roll again!<br />
Peter Berrie<br />
2011 <strong>MSCA</strong> President<br />
Happy New Year!<br />
msca-online.com<br />
6<br />
<strong>MSCA</strong> Connection January 2011
Program Recap<br />
2010 STARRSM awards<br />
The 2010 <strong>Shopping</strong> <strong>Center</strong> Tribute Awards for Retail Real Estate (STARRSM) along with the<br />
<strong>MSCA</strong> year-end ceremonies were hosted at the Golden Valley Country Club on<br />
Tuesday, December 7. Over 280 members and guests enjoyed the festivities, which<br />
included the ceremonies, awards presentations, champagne toast and holiday buffet.<br />
Stephen Eggert, outgoing <strong>MSCA</strong> President, kicked off the<br />
program with a review of the year. Eggert passed the<br />
gavel to incoming <strong>MSCA</strong> President, Peter Berrie. Berrie,<br />
Partner at Faegre & Benson LLP, thanked Eggert for his<br />
service and presented him with travel size luggage.<br />
Then incoming President Peter Berrie recognized the<br />
outgoing directors, officers and chairs. 2010 committees<br />
were recognized and new <strong>MSCA</strong> officers and directors<br />
were installed. The recognition and installation ended with<br />
a champagne toast to 2010 and to ring in 2011.<br />
The program closed with the presentation of <strong>MSCA</strong>’s<br />
individual awards. Ken Vinje of Kraus-Anderson<br />
Companies received the <strong>MSCA</strong> Hall of Fame Award; Jen<br />
Helm of NorthMarq received the Member of the Year; and<br />
Tony Barranco of Ryan Companies US, Inc. received<br />
Committee Member of the Year.<br />
2010 Committee Members 2010 Judges<br />
Committee Front Row (l to r):<br />
Sara Stafford, Marketing Consultant<br />
Dana Andresen, Chuck & Don’s Pet Food Outlet<br />
Tom Moran<br />
Charla Evenson, C.M. Architecture, P.A.<br />
Committee Back Row (l to r):<br />
Steven Young, Arbor Commercial Group<br />
Stephen Eggert, Target Corporation<br />
Steve Johnson, Solomon Real Estate Group Inc.<br />
Derek Naill, Associated Bank<br />
Eileen Engels, Verizon Wireless<br />
Margaret Jordan<br />
Not Pictured:<br />
Tony Barranco, Ryan Companies US, Inc.<br />
Brett Christofferson, Weis Builders, Inc.<br />
Gonzalo Villares, Pope Architects<br />
2010 Judges (l to r)<br />
Steve Johnson, Solomon Real Estate Group Inc.<br />
Luann Johnson, Rochon Corporation<br />
Stefanie Meyer, Mid-America Real Estate Group –<br />
<strong>Minnesota</strong>, LLC<br />
James Puttin, Associated Bank<br />
Not Pictured:<br />
Dan Gilchrist, Lindquist & Vennum P.L.L.P.<br />
Paula Mueller, Northtown Mall/Glimcher Properties<br />
Gonzalo Villares, Pope Architects<br />
Congratulations!<br />
<strong>MSCA</strong> wishes to thank and congratulate all of the 2010<br />
STARRSM Awards nominees and winners.<br />
msca-online.com<br />
7<br />
<strong>MSCA</strong> Connection January 2011
Interior Design<br />
Winner:<br />
Owner:<br />
Consultant:<br />
Contractor:<br />
Additional:<br />
Winner:<br />
Owner:<br />
Architect/Designer:<br />
Consultant:<br />
Contractors:<br />
Additional:<br />
Restaurant/Food Service<br />
Acapulco Restaurant<br />
Sam Leon<br />
Jose Leon<br />
Maertens Brenny<br />
Solomon Real Estate Group<br />
Retail/Non-Food Service<br />
Kitchen Window Retail Store<br />
Doug Huemoeller<br />
RSP Architects, Ltd.<br />
Meyer, Borgman, Johnson<br />
RJM Construction; Kraus-Anderson<br />
Jones Lang LaSalle; NorthMarq Real Estate<br />
Services<br />
Acapulco Restaurant<br />
Kitchen Window<br />
n e w c on s t r u c t i on<br />
Under 50,000 SF:<br />
Winner:<br />
Owner:<br />
Developer:<br />
Architect:<br />
Contractors:<br />
Leasing Agents:<br />
Additional:<br />
Over 50,000 SF:<br />
Winner:<br />
Owner:<br />
Developer:<br />
Architect:<br />
Consultants:<br />
Contractor:<br />
Leasing Agent:<br />
<strong>Shopping</strong> <strong>Center</strong>s/<br />
freestanding single user<br />
Apple - Uptown<br />
UB Assets LLC<br />
Urban Anthology<br />
Callison Architects LLC<br />
Ryan Companies US, Inc.; Pepper Construction<br />
Urban Anthology; Open Realty Advisors<br />
Armour Unsderfer Engineering; Advanced<br />
Structural Technologies, Inc.; American<br />
Engineering Testing, Inc.; Hinshaw & Culbertson;<br />
First American Title; Alliant Engineering, Inc.; Liesch<br />
Associates, Inc.<br />
<strong>Shopping</strong> <strong>Center</strong>s/<br />
freestanding single user<br />
The Shops at West End<br />
AD West End, LLC<br />
Duke Realty Corporation<br />
RSP Architects, Ltd.<br />
MFRA; Schuler Shook<br />
Duke Realty - Construction<br />
Jeffrey R. Anderson Real Estate, Inc.<br />
Apple - Uptown<br />
The Shops at West End<br />
msca-online.com <strong>MSCA</strong> Connection January 2011<br />
8
R e n o v a t i o n / R e m o d e l<br />
Under 25,000 SF:<br />
Winner:<br />
Owner/Developer/<br />
Leasing Agent:<br />
Architect:<br />
Contractors:<br />
Over 25,000 SF:<br />
Winner:<br />
Owner/Developer:<br />
Architects:<br />
Consultant:<br />
Contractor:<br />
Leasing Agent:<br />
Interior<br />
United Prairie Bank – Mankato City <strong>Center</strong><br />
Neubau Holdings, LLC<br />
Paulsen Architects<br />
RW Carlstrom; Schwickert, Inc.; Tecta America<br />
Corp.; Guaranteed Electrical Services, Inc.<br />
Interior<br />
Mall of America, South Avenue Renovation<br />
Triple Five Corporation<br />
Gabellini Sheppart Associates LLP;<br />
DLR Group KKE<br />
Cooley Monato Studio<br />
PCL Construction Services, Inc.<br />
Mall of America<br />
United Prairie Bank - Mankato City <strong>Center</strong><br />
Mall of America, South Avenue Renovation<br />
Exterior<br />
Under 25,000 SF:<br />
Winner:<br />
Eagan Promenade Place<br />
Owner:<br />
DPS Eagan Promenade, LLC<br />
Developer/Leasing Agent: Stonehenge USA<br />
Architect:<br />
Lampert Architects<br />
Consultant:<br />
Alliant Engineering Inc.<br />
Contractor:<br />
R.J. Ryan Construction Inc.<br />
Banker:<br />
Bremer Bank<br />
Eagan Promenade Place<br />
Over 25,000 SF:<br />
Winner:<br />
Owner/Developer/<br />
Leasing Agent:<br />
Architect:<br />
Consultants:<br />
Contractor:<br />
Banker:<br />
Exterior<br />
Mendota Plaza<br />
Paster Enterprises, LLC<br />
DLR Group KKE<br />
RLK Incorporated; Nelson-Rudie & Associates;<br />
Braun Intertec<br />
Benson-Orth Associates, Inc.<br />
Wells Fargo<br />
Mendota Plaza<br />
Mixed Use<br />
Winner:<br />
Owner:<br />
Developer:<br />
Architect:<br />
Consultants:<br />
Contractor:<br />
Leasing Agent:<br />
Banker:<br />
Additional:<br />
Mixed Use<br />
Sydney Hall & Dinkydome<br />
Doran University, LLC<br />
Doran Development, LLC<br />
Elness Swenson Graham Architects<br />
Westwood Professional Services, Inc.; Van Sickle, Allen &<br />
Associates; Steen Engineering; Braun Intertec<br />
Doran Construction, LLC<br />
Doran Companies<br />
The Private Bank<br />
Messerli & Kramer; Malkerson, Gunn, Martin LLP<br />
Sydney Hall & Dinkydome<br />
msca-online.com<br />
9<br />
<strong>MSCA</strong> Connection January 2011
Development<br />
Redevelopment<br />
Winner:<br />
Owner/Developer:<br />
Architect:<br />
Consultants:<br />
Contractor:<br />
Leasing Agent:<br />
Bankers:<br />
Winner:<br />
Owner:<br />
Developer:<br />
Architect:<br />
Consultants:<br />
Contractor:<br />
Leasing Agent:<br />
Banker:<br />
Additional:<br />
Development Process<br />
The Shops at West End<br />
AD West End, LLC<br />
RSP Architects, Ltd.<br />
MFRA; Kimley-Horn; Fredrikson & Byron;<br />
Palanisami & Assoc.; MBJ Structural Engineers;<br />
Hansen Structural Precast; M & N Structures;<br />
Ahern Fire Protection; Horwitz Mechanical;<br />
General Sheet Metal; Hunt Electric<br />
Duke Realty – Construction<br />
Jeffrey R. Anderson Real Estate, Inc.<br />
AD West End LLC; City of St. Louis Park<br />
Redevelopment<br />
Sydney Hall & Dinkydome<br />
Doran University, LLC<br />
Doran Development, LLC<br />
Elness Swenson Graham Architects<br />
Westwood Professional Services, Inc.; Van Sickle, Allen<br />
& Associates; Steen Engineering; Braun Intertec<br />
Doran Construction, LLC<br />
Doran Companies<br />
The Private Bank<br />
Messerli & Kramer; Malkerson, Gunn, Martin LLP<br />
The Shops at West End<br />
Sydney Hall & Dinkydome<br />
<strong>MSCA</strong> Hall of Fame<br />
Ken Vinje<br />
Kraus-Anderson Companies<br />
Member of the Year<br />
Jen Helm<br />
NorthMarq<br />
Committee Member<br />
of the Year<br />
Tony Barranco<br />
Ryan Companies US, Inc.<br />
Thank you to the 2010 Corporate Sponsors<br />
ACI Asphalt Contractors, Inc.<br />
American Engineering Testing, Inc.<br />
Aspen Waste Systems, Inc.<br />
Bremer Bank, N.A.<br />
Brookfield Properties<br />
CB Richard Ellis<br />
CSM Corporation<br />
Chuck & Don's Pet Food Outlet<br />
Classic Asphalt & Sealcoating Co. Inc.<br />
Faegre & Benson LLP<br />
Fendler Patterson Construction, Inc.<br />
Fredrikson & Byron, P.A.<br />
Gray Plant Mooty<br />
Great Clips, Inc.<br />
H.J. Development, Inc.<br />
Inland Real Estate Corporation<br />
JE Dunn Construction<br />
Jones Lang LaSalle<br />
Kraus-Anderson Companies<br />
Larkin Hoffman Daly & Lindgren Ltd.<br />
Lawn Ranger<br />
Leonard, Street and Deinard<br />
M & I Bank<br />
MFRA, Inc.<br />
Messerli & Kramer P.A.<br />
Mid-America Real Estate - <strong>Minnesota</strong> LLC<br />
Midwest Maintenance & Mechanical, Inc.<br />
Minneapolis/St. Paul Business Journal<br />
<strong>Minnesota</strong> Real Estate Journal<br />
NorthMarq<br />
Olsson Associates<br />
Oppidan, Inc.<br />
Opus Northwest, L.L.C.<br />
Paster Enterprises<br />
RJM Construction<br />
RLK Incorporated<br />
RSM McGladrey, Inc.<br />
Reliable Property Services<br />
Reliance Development Company, LLP<br />
Robert Muir Company<br />
Robins, Kaplan, Miller & Ciresi L.L.P.<br />
Ryan Companies US, Inc.<br />
Solomon Real Estate Group Inc.<br />
Stewart Title Guaranty Company<br />
Sunde Land Surveying, LLC<br />
TCF Bank<br />
TCI Architects/Engineers/ Contractor, Inc.<br />
Target Corporation<br />
U.S. Bank<br />
United Properties<br />
Venture Mortgage Corporation<br />
Wells Fargo Bank, N.A.<br />
Welsh Companies<br />
Westwood Professional Services, Inc.<br />
Wipfli LLP<br />
msca-online.com <strong>MSCA</strong> Connection January 2011<br />
10
Rising Star<br />
Clothes Mentor<br />
With the downturn in the economy,<br />
used clothing stores have been<br />
attracting more customers that<br />
previously would not have considered<br />
buying “used.” A growing number of<br />
customers now view used clothing stores as<br />
“Green Businesses” without any negative<br />
stigma attached to<br />
them whatsoever. As<br />
a result, stores like<br />
Clothes Mentor,<br />
Turnstyle, Plato’s<br />
Closet, My Sister’s<br />
Closet and Second<br />
Debut have been<br />
leasing space and<br />
expanding stores. The<br />
price points offered<br />
are about 70% off<br />
retail prices found in traditional apparel<br />
stores, and customers perceive real value in<br />
these stores at a time when they are<br />
looking to stretch their dollars.<br />
Some stores operate as consignment shops<br />
that consign the clothing brought in by the<br />
customers. When the sale is made, the<br />
consignor is sent a check for sold<br />
merchandise. Clothes Mentor, however,<br />
pays cash to customers for gently used<br />
popular fashion labels like Ann Taylor,<br />
Coldwater Creek, Banana Republic and<br />
Chico’s. The ideal location for a Clothes<br />
Mentor franchise is around the regional<br />
malls where there are women’s fashion<br />
stores. Ann Taylor and Talbots stores sell the<br />
<strong>MSCA</strong> “Third Thursdays”<br />
by Richard Jahnke, Paster Enterprises<br />
merchandise that ends up as inventory in a<br />
Clothes Mentor.<br />
According to an article in the<br />
Minneapolis/St. Paul Business Journal,<br />
“Clothes Mentor expects to have 38<br />
women’s clothing resale stores open by the<br />
end of 2010, double<br />
the number it had a<br />
year earlier. The<br />
franchise company<br />
now has 32 stores in<br />
16 states, with another<br />
15 locations<br />
scheduled to open<br />
later this year or<br />
during the first quarter<br />
of 2011. It has eight<br />
stores in <strong>Minnesota</strong>,<br />
including Burnsville, Eden Prairie, Edina,<br />
Maple Grove, Minnetonka, Roseville, St.<br />
Cloud and Woodbury.”<br />
<strong>Shopping</strong> used clothing stores has its<br />
challenges. You may not easily find your<br />
size, color or selection, but if you like<br />
bargain hunting, you can bag a few outfits<br />
for a hundred bucks!<br />
www.clothesmentor.com<br />
Don't Forget!<br />
<strong>MSCA</strong> membership renewals are due<br />
by January 28, 2011 to be included in<br />
the 2011 annual membership directory.<br />
Who: <strong>MSCA</strong> members and their colleagues<br />
What: Casual networking hosted by <strong>MSCA</strong> members<br />
When: Third Thursday of every month from 8:30–9:30 am<br />
Where: Different locations throughout the Twin<br />
Cities—watch the <strong>MSCA</strong> newsletter and website for<br />
locations<br />
Why: Create synergy in the commercial real estate industry—share ideas and stories<br />
and make new effective relationships<br />
Please join us for this fun and casual way of networking around the Twin Cities. Next<br />
meeting: Thursday, January 20, 2011 at Caribou Coffee, Leisure Lane at 7101 France<br />
Avenue, Edina 55435. <strong>MSCA</strong> member hosts include Tom Madsen, Benson-Orth<br />
Associates, Inc. and Lisa Diehl, Diehl and Partners, LLC.<br />
There is no fee for this event. Food and beverage are not included. RSVP to Stacey at<br />
sbonine@msca-online.com is preferred, but not required. Hope to see you there!<br />
Small Talk<br />
Your <strong>MSCA</strong><br />
Website Tip:<br />
Check out a<br />
Committee<br />
Looking to become more<br />
involved with <strong>MSCA</strong> Try<br />
joining a committee!<br />
To learn more about<br />
each committee and the<br />
commitment required<br />
visit the <strong>MSCA</strong> website at<br />
www.msca-online.com.<br />
Click the Membership<br />
tab, and then click on<br />
Committees. You can<br />
browse through the ten<br />
different committee<br />
opportunities to find the<br />
one that best suits you!<br />
Give the committee<br />
chairs or the <strong>MSCA</strong> staff a<br />
call to find out more<br />
information.<br />
Small Talk<br />
Stats:<br />
Gross Domestic Product<br />
(GDP) for 2009<br />
Sourced by The World Bank:<br />
World Development Indicators<br />
database 10-27-10<br />
World $58,113,309<br />
United States $14,256,300<br />
Eurozone $12,455,979<br />
Japan $5,067,526<br />
China $4,984,731<br />
Brazil $1,571,979<br />
(GDP in millions of USD,<br />
according to International<br />
Monetary Fund)<br />
msca-online.com<br />
11<br />
<strong>MSCA</strong> Connection January 2011
Retail and Social Media - continued from page 2<br />
Facebook pages and Twitter accounts, allows tenants to<br />
advertise special events, prizes and giveaways to shoppers,<br />
while shoppers can receive information on their local<br />
properties, offer feedback about their experiences and get<br />
access to perks like coupons, contests and special VIP<br />
events.<br />
CBL & Associates Properties Inc. has developed mallMerlin,<br />
a smart phone application using location-based<br />
technology, for use by customers while they are inside their<br />
mall properties. Participating retailers get a free listing on the<br />
app, complete with a storefront photo and mall navigation<br />
tools that can lead the customers right to the front door.<br />
Retailers can upgrade their store listings by paying $25-50<br />
per storefront per month, allowing them to add product<br />
listings and photos, special promotions, and high-definition<br />
video. The retailers can control their own content and even<br />
have the ability to push alerts and offers to the phones of<br />
customers who simply walk near the storefront.<br />
Weingarten Realty, a REIT with over 300 shopping center<br />
properties nationwide, is using various social media<br />
networking tools to not only connect with customers, but<br />
also with tenants and even brokers. Their Virtual Partner<br />
Network (VPN) targets leasing brokers, agents and potential<br />
investors, using Facebook, Twitter and LinkedIn to offer a<br />
continuous feed of the latest Weingarten news, real-time<br />
vacancy listings, leasing updates, information on retailers<br />
and community projects.<br />
With all these new advances, regardless of your stance on<br />
social media, it appears that social media has the legs to<br />
keep moving forward. If you are looking to ease into it, you<br />
may want to get your feet wet as a customer first, where<br />
you can learn about what retailers are offering and take<br />
advantage of their rewards.<br />
Networking Tip<br />
Networking Tip #1<br />
Keep in mind that networking is<br />
about being genuine and<br />
authentic, building trust and<br />
relationships, and seeing how you<br />
can help others.<br />
Source: www.strategiesforchange.com<br />
Small Talk<br />
Property Taxes Deserve a Closer Look.<br />
Are you paying more<br />
than your fair share<br />
The 2011 appeal deadline<br />
is April 30, 2011.<br />
Let Fredrikson & Byron’s property tax lawyers take a closer look.<br />
Judy Engel<br />
JoAnn Maloney<br />
Thomas Wilhelmy<br />
612.492.7 11 8<br />
612.492.7380<br />
612.492.7058<br />
www.fredlaw.comw w.fredlaw.com<br />
/ WHERE LAW AND BUSINESS MEET<br />
msca-online.com<br />
12<br />
<strong>MSCA</strong> Connection January 2011
We’re not<br />
a<br />
different<br />
company.<br />
Just a<br />
better<br />
looking<br />
one.<br />
The Caring Tree would like<br />
to extend a huge thank you<br />
to the Opus Foundation for<br />
awarding The Caring Tree a<br />
grant in the amount of<br />
$12,500 to support its<br />
collection and distribution<br />
of back-to-school supplies<br />
for low-income students.<br />
In addition, Opus<br />
Foundation has challenged<br />
The Caring Tree to raise<br />
$12,500 through in-kind or<br />
cash contributions by June<br />
1, 2011 and, if The Caring<br />
Tree succeeds, Opus<br />
Foundation will match these<br />
efforts by providing an<br />
additional $12,500 to The<br />
Caring Tree.<br />
To donate to The Caring<br />
Tree, please visit<br />
www.caringtree.org.<br />
John Meyers, of The Opus<br />
Group, presenting the<br />
contribution to 2010<br />
Caring Tree President,<br />
Margaret Jordan<br />
<strong>MSCA</strong> 2011 SCHEDULE OF EVENTS<br />
January<br />
February<br />
March<br />
April<br />
May<br />
June<br />
July<br />
August<br />
September<br />
October<br />
November<br />
December<br />
Wednesday, January 5 – Retail Focus<br />
Thursday, January 20 – Third Thursdays<br />
Wednesday, February 2 – Development/Redevelopment<br />
Thursday, February 17 – Third Thursdays<br />
Wednesday, March 2 – Economic Outlook<br />
Wednesday, March 16 (7:30 am – 1:30 pm) – Business Day at the Capitol<br />
Location: Crown Plaza Hotel/Capitol<br />
Thursday, March 17 – Third Thursdays<br />
Wednesday, April 6 (Afternoon) – Trends<br />
Thursday, April 21 – Third Thursdays<br />
Wednesday, May 4 – Development/Redevelopment<br />
Thursday, May 19 – Third Thursdays<br />
Wednesday, June 1 – Trends<br />
Thursday, June 16 – Third Thursdays<br />
Monday, June 20 – Golf Event<br />
Wednesday, July 13 – Professional Development<br />
Thursday, July 21 – Third Thursdays<br />
Wednesday, August 3 – <strong>Shopping</strong> <strong>Center</strong> Focus<br />
Thursday, August 18 – Third Thursdays<br />
Wednesday, September 7 – Geographic Focus<br />
Thursday, September 15 – Third Thursdays<br />
Wednesday, October 5 – Finance/Investment<br />
Thursday, October 20 – Third Thursdays<br />
Wednesday, November 2 (Afternoon) – Retail Report<br />
Thursday, November 17 – Third Thursdays<br />
Tuesday, December 6 (Evening) – Year End Ceremonies/STARRSM Awards/<br />
Holiday Party, Location: Golden Valley Country Club<br />
TIME & PLACE<br />
Our monthly program is<br />
typically the first Wednesday<br />
of every month (with the<br />
exception of July and<br />
December). All meetings will<br />
be held at 8:00 a.m.<br />
(registration at 7:30 am) at<br />
the Doubletree Hotel<br />
Minneapolis Park Place unless<br />
otherwise noted below or<br />
publicized before the<br />
program. Program topics and<br />
location are subject to<br />
change.<br />
REGISTRATION<br />
To pre-register, call <strong>MSCA</strong> at<br />
(952) 345-0452 or email <strong>MSCA</strong><br />
at info@msca-online.com.<br />
Pre-registration ends at noon<br />
the day prior to the program<br />
or event.<br />
msca-online.com 13 <strong>MSCA</strong> Connection January 2011