2019 Industrial & Economic Development Summit

Summary

2019 Industrial & Economic Development Summit
Thursday, November 14, 2019
8:00 AM - 12:00 PM Program
Golden Valley Country Club
7001 Golden Valley Rd, Golden Valley, Minnesota 55427, USA

7:55 AM Welcome and Introductions
Emcee: Deanna S, Kuennen, 
Community & Economic Development Director, City of Faribault

8:00 AM 2019 Industrial Real Estate Market Overview
Moderator: Jim DePietro,
Senior Vice President, CBRE
Nate Erickson, Senior Associate, Transwestern
Mike Bowen, Vice President, CBRE
Duane Poppe, Principal, Lee & Associates
Amy Melchior, Senior Vice President Asset Management, Artis REIT
• Market trends: vacancy rates, absorption, rental rates and new construction activity
• Discussion of tenant needs and how landlords are adapting their properties  
• Which sub-markets are seeing the most expansion, which are struggling?
• Update on recent sale transactions, cap rates and the investment market 
• Who is driving the market and how to position properties to take advantage of the current market
• Effect of legalization of marijuana in other markets, is MN next? How to prepare   
 
9:15 AM Break
 
9:25 AM Working with Local Government to Build Lasting Product
Moderator: Jeff Borling,
Economic Development Lead, Great River Energy
Chris Eng, Economic Development Director, Washington County CDA
David Olson, Community & Economic Development Director, City of Lakeville
Amanda Othoudt, Economic Development Director, City of Elk River
Stan Gustafson, Economic Development Director, City of Cambridge
• Which industrial parks are attracting the most attention? what is the current product mix
• What tools or strategies has your community identified as game changing economic development tools?
• Success in moving controversial projects forward in the face of local opposition
• Shovel Ready Site Certification
• Funding Strategies
• Redevelopment and New Development
• Timing the Development Process
• Alternative Development Funding Partnerships

10:35 AM Break

10:45 AM The State of  Industrial Development
Moderator: Erik Miller,
Client Service Manager, Sambatek
Steven Hoyt, Chief Executive Officer, Hoyt Properties, Inc
Scott Thompson, Senior Project Manager, Crawford Merz
Dan Mueller, Director of Real Estate Development, Ryan Companies
Paul Hyde, CEO, Hyde Development 
Philip T. Cattanach, Vice President & General Manager, Opus Development Company, L.L.C.
Josh Budish, Vice President, Leasing & Development, Duke Realty
• Rising construction costs and the effect on development, rents and ability to sign leases
• How to anticipate and meet emerging tenant needs
• Controlling and owning land (past to present nuances, cashing in on owned land)
• Financing development: acquisition, site improvements, infrastructure, lending requirements
• The market for build-to-suit and exit strategies (investment sales, pre-sales)

12:00 AM Adjourn and Networking

2019 Industrial & Economic Development Summit

Details

  • When

  • Thursday, November 14, 2019
    8:00 AM - 12:00 PM
    Central Time

  • Where

  • Golden Valley Country Club
    7001 Golden Valley Rd
    Golden Valley, Minnesota 55427
    USA

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