Congratulations to Lindquist & Vennum for earning a spot on The Minneapolis/St. Paul Business Journal’s “Coolest of 2017 Cool Offices: Seven Top Workspaces”. The Advisory Services Group represented Lindquist & Vennum in its relocation within IDS Center.
The Advisory Services Group published its Fall 2017 newsletter, “Tenant’s Place” which offers insights on the Twin Cities office market and trends in the workplace. View the newsletter.
The Advisory Services Group published its Summer 2017 “Energizing Education” newsletter, which offers current news and events impacting the education community. View the newsletter.
The Advisory Service Group received the Broker² Award at the 2017 NAIOP Awards of Excellence for their work representing Lindquist & Vennum in a relocation within IDS Center in downtown Minneapolis. Among other things, the group considered law firm trends and created a thoughtful direction for the project, ultimately achieving a 10 percent cost savings for their client. Jennifer Stumm of Cushman & Wakefield also provided project management services throughout the lengthy buildout of the new 81,000-square-foot (sf) office, which is now open.
The Broker² Award recognizes outstanding value created by a brokerage team, and is exclusively available to brokers associated with projects nominated for the Awards of Excellence. NAIOP understands that all successful commercial real estate projects are backed by a skilled team of professionals—a group that becomes more than the sum of its parts to accomplish the job—and the Broker² Award acknowledges the invaluable contribution made by a brokerage team. The NAIOP awards, which recognize top new developments and redevelopments in their categories, were doled out in a ceremony at the Nicollet Island Pavilion in downtown Minneapolis Sept. 28.
NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial, retail and mixed-use real estate. NAIOP comprises more than 15,000 members in North America and advocates responsible commercial real estate development and advocates for effective public policy.
Cushman & Wakefield Advisory Services Group represented Long Term Care Group in a five year lease extension of 56,311 SF of office space at Hudson Road Technology Center, 7805 Hudson Road, Woodbury, Minnesota.
Long Term Care Group is a leading provider of business process outsourcing for the insurance industry. The nation’s largest insurers rely on Long Term Care Group’s unparalleled expertise to help manage their complex long term care portfolios and maximize their financial performance. They provide advanced risk management insight built upon their unique and proprietary long term care underwriting and claims databases. They also offer a full spectrum of support services ranging from application processing and underwriting to care management and in-home assessments.
Beacon Academy will cut the ribbon on its new 80,000 square foot facility in Crystal on Monday, August 28th. A tuition-free K-8 public charter school, Beacon Academy will move its facilities from its former location in Maple Grove. The new facility offers the opportunity for enrollment growth and access to abundant green space on its 12-acre site, at 3415 Louisiana Ave. N. The new facility and site allow Beacon’s mission to thrive—providing Twin Cities families with a proven, rigorous, and content-rich curriculum, integrated with sequential Spanish language instruction.
Beacon Academy, along with project partners Cushman & Wakefield, RJM Construction, Rivera Architects, Lindquist & Vennum, Dougherty & Co. LLC, and Carlson McCain, will host a ribbon-cutting ceremony at the site, to include remarks from Sean Koster, Principal of Beacon Academy, as well as Crystal Mayor Jim Adams and City Council Member Nancy LaRoche. The event will begin at 10 a.m. and will include a program and tours of the completed facility at its conclusion.
“We’re pleased that work for Beacon has resulted in a facility that will serve their needs while allowing them to grow,” said Paul Donovan, Executive Director, Cushman & Wakefield.
The Cushman & Wakefield team of Donovan, Jaclyn May, Gerhardt Gliege, Luke Appert, and Jeremy Striffler worked with the school to identify the ideal site for its permanent home. The team also guided the school through building the extended project team, accessing financing, handling the entitlement process with the City, coordinating the various requirements of the Minnesota Department Education, and managing the renovation and addition construction process over the past year.
Minneapolis-based RJM Construction acted as general contractor and Rivera Architects was designer. Interior demolition began last fall and finished in time for the beginning of this fall school term.
Cushman & Wakefield is pleased to announce it has entered into an agreement to acquire Cushman & Wakefield NorthMarq and Cushman & Wakefield Commerce.
We look forward to merging these extended teams and trusted partners into our company upon closing, which is expected August 31, 2017. Together we are affirming our commitment to seamlessly offer clients the best strategic advice and platform of services wherever they do business.
Paul Donovan from the Advisory Services Group was a featured panelist at the Charitable, Nonprofit & Religious Facilities Real Estate Summit hosted by the Minnesota Real Estate Journal on August 11th at the Golden Valley Country Club. Donovan spoke about how and when nonprofits evaluate and strategize around their real estate needs. The audience was comprised of both real estate professionals and leaders in the nonprofit community.
Minneapolis-St. Paul is on the cusp of the Top 10 Tech Cities in the United States. Why is that? Paul Donovan from the Advisory Services Group weighs in on the ranking in Minnesota Business Magazine here:
Cushman & Wakefield’s Sherry Cushman and members of the Legal Sector Advisory Group brought together some of the leading minds in the Twin Cities legal community June 12 for a symposium on what issues are facing firms all over the globe.
Sherry, Executive Managing Director of the Legal Sector Advisory Group for Cushman & Wakefield Americas, shared findings from CW’s annual Bright Insight survey, which seeks responses from law firms (large and small, coast to coast) and associates on what issues are facing the legal sector, both in the present and future.
Among the major findings, Sherry told the group, firms identified fixed fee structures as their top concern. Also, firms continue to evolve their real estate for the future, using more hoteling and planning to implement single-size offices within the next decade. Overall, a fifth of all firms say they plan to make dramatic changes to their overall structure within five years.
The study also found that more than a quarter of all firms do not have a succession plan in place, nearly three-quarters say technology and IT security needs are greater than ever, and associates’ top priority is a work/life balance.
To learn more about the Bright Insight study and the 2017 results firsthand, contact us to schedule a meeting.