NAIOP Minnesota honors top local projects

Ryan Cos. US Inc.s 222 Hennepin Project, an apartment complex anchored by a Whole Foods store, won the NAIOP Minnesota Award of Excellence in the mixed-use category. (File photo: Bill Klotz)

The NAIOP Minnesota commercial real estate group recognized 11 of the years best projects during its Awards of Excellence ceremony Thursday.

The ceremony at TCF Bank Stadium in Minneapolis united professionals from brokerage firms, construction companies, banks, architecture and design firms and development companies. A cross-section of members played in an eight-member band called the NAIOPs.

Doug Fulton, executive director of brokerage services for Cushman & Wakefield/NorthMarq, said the nominees and many other developers in the room delivered projects that clients and investors want in the high-demand Twin Cities market.

Ryan also won the award for industrial build-to-suit for the Shutterfly Inc. facility at 5005 Dean Lakes Boulevard in Shakopee. (File photo: Bill Klotz)

He pointed to several encouraging signs like medical office development at an all-time high, 2 million square feet of industrial space currently in development, more than 6,500 multifamily units built this year, and a new level of interest in Minneapolis-St. Paul from the investment capital market.

In the midst of all this demand, our industry and our market is fortunate to have some of the best developers and real estate professionals in the U.S., Fulton said.

Eva Stevens, vice president of asset management for Bloomington-based United Properties, was the 2014 recipient of the Presidents Award the associations highest honor. Stevens was recognized for her role in the industry, leadership in NAIOP and service to the community.

United Properties renovation of the Loose-Wiles Building at 701 Washington Ave. N. in the North Loop neighborhood won a NAIOP award for renovations larger than 100,000 square feet. (File photo: Bill Klotz)

TCF Bank Chairman and CEO Bill Cooper touched on some trends shaping the future of the commercial real estate industry during a keynote address.

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NAIOP Minnesota honors top local projects