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January | 2012
Jeff East Joins Gaughan Companies Commercial Real Estate Brokerage Team
Gaughan Companies continues to increase their downtown Minneapolis presence with the addition of Senior Associate, Jeff East to their Commercial Real Estate Brokerage office located at 100 South Fifth Street. Jeff’s area of expertise includes office and industrial leasing, sales, and new business development.
Jeff has spent the majority of his seventeen year career in Toronto, Canada representing Tenant’s and Landlord’s in the downtown office market. He achieved ongoing success while securing transactions such as 150,000 sq.ft. with Public Works Canada, 40,000 sq.ft with Price Waterhouse Coopers, and 40,000 sq.ft. with Integrative Proteomics.
Jeff is a graduate of the University of Minnesota where he attended on an athletic scholarship. He holds a Bachelor of Arts degree in International Politics and retains dual citizenship in the United States and Canada.
December | 2011
Pay Your Rent Online Now!
Date: Tuesday, December 20, 2011
Gaughan Companies has teamed up with PayLease Inc. You can now eliminate the burden of mailing your rental payment every month! Through PayLease, you are able to make your rental payments online via credit/debit card or an e-check from your checking or savings account. You can make a one-time payment or sign up to have your payments automatically withdrawn each month at www.gaughancompanies.com or by calling 866.729.5327. No more hassle and no more late payments.
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September | 2011
Gaughan Companies "Feed My Starving Children" Volunteers
Date: Thursday, September 6, 2011
Feed My Starving Children is a non-profit Christian organization committed to feeding God's children hungry in body and spirit. The approach is simple: children and adults hand-pack meals specifically formulated for malnourished children, and we ship the meals to nearly 70 countries around the world. Our most recent volunteering action was on September 6th, 2011. Gaughan Companies has a long tradition of making a difference in our community.
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June | 2011
Gaughan Companies wins award
Forest Lake Times
Date: Thursday, June 16, 2011
The property management team at Gaughan Companies, Forest Lake, has received a state award. During the annual meeting and vision awards program on Thursday, June 2, at the International Market Square in Minneapolis, Sterling Oaks II Homeowners Association, Forest Lake, was a top contender for "Association of the Year", The nomination was an acknowledge of the association's board of directors, homeowners and professional management by Gaughan Companies. Sterling Oaks, located on 207th St. N., consists of 25 townhomes built in 2005.
Gaughan Companies received additional accolades. Association management team member Tanya Kenney received a nomination for "Association Property Manager Rookie of the Year."ÂÂÂÂÂ This nomination is acknowledgement of her skills and strengths in association management.
http://forestlaketimes.com/2011/06/15/gaughan-companies-wins-award/
June | 2011
Sharing and Caring Hands
Sharing and Caring Hands was founded in 1985 by Mary Jo Copeland. Sharing and Caring Hands is an extension of the community to the desperate needs of the poor and exists as a vehicle for volunteers to commit their time and money towards making a difference in the lives of others.
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May | 2011
Gaughan Companies - John Chirhart spoke as a panelist at the MN Real Estate Journal's 7th Annual Land Development Conference on May 13, 2011
Mr. Chirhart's topic centered on Development tools for Land Development. The discussion covered the following topics:
- Due Diligence in today's market, integrating sophisticated Acquisition & Financing Solutions
- The importance of Site Selection, Feasibility Studies & Government Approvals
- Partnering & working with a municipality to get the deal done
- Negotiating terms to protect your investment & partnering with municipalities to reduce risk
- How are municipalities driving growth & interest; helping private Land Owners market & move property
- Affordable land development best-practices & systems
- Important preliminary work that will save time and dollars
The event was attended by approximately 200 Commercial Real Estate and Legal Professionals.
Mr. Chirhart is a highly respected Commercial Real Estate Agent, serving his clients for more than 11 years. He has first hand experience with managing the development process and is a trusted advisor.
March | 2011
TWIN CITIES' GAUGHAN COMPANIES:
Succeeding in a tough economy 
Forest Lake, Minn. - based brokerage and commercial property management business Gaughan Companies has succeeded through 41 years. The company is now making a big move, joining CORFAC International. The newly renamed Gaughan Companies/CORFAC International, has a bright future as it brings property management, brokerage, construction and development services to its clients, both in and out of the Twin Cities area.
Minnesota Real Estate Journal recently spoke with Patrick Gaughan, president of the company, about the reasons why his firm is growing when so many others today are struggling.
Minnesota Real Estate Journal: Let's start with the latest news: Why did you decide to form a relationship with CORFAC International?
Patrick Gaughan: Some of our agents were doing work outside the Twin Cities area. Lou Suski (vice president of sales and leasing with Gaughan Companies) was representing a tenant with offices in Chicago, Milwaukee and Atlanta. We were working with some other real estate firms to assist in that. CORFAC is useful for such relationships. If we want relationships that are more global, and we want to meet the needs of our clients who do business on a more global basis, this is an important step to take.
MREJ: What steps have you taken to grow your business through these bad times? So many companies we speak with are shrinking today because of the still-challenging economy, but you seem to be growing.
Gaughan: We contemplate that all the time. There are a couple of reasons. One is the relationships. Sometimes, it's the commitment of the team, the people who work in our organization, the brokers. They take their jobs very seriously. They are there early. They are always focusing on their clients' needs. The combination of forming these relationships and focusing on the hard work seems to be where the success is coming from. When the economy changed, when it went downhill, it separated the people in this business who are serious and those who aren't.
MREJ: Can you tell me about your company, its history and size?
Gaughan: We have been growing it. We just signed up a new property management account two weeks ago. Someone else had it. We bid on it and received it. MREJ: Why were you able to get this account? Gaughan: It was about the relationship. They had us do some brokerage work for them and they liked what we did. The other account wasn't performing well for them. On the brokerage side we are not big like CBRE, but what we can do is really focus on the client and customer and get to know them personally. We brought some nice results for them, and they were very happy. That's how it started.
MREJ: How long have you been in the real estate business?
Gaughan: The one thing about a family business is that you work with it from a very young age. I've worked in this business from the time I was 10 or 11 years old. Then when I got out of college, I went to work for my father. He passed on when I was in my mid-20s. I've been in business ever since. I took over running the business. He wanted me to own the company. I was the right person for it. We were talking about it prior to his passing.
MREJ: How important was it to you to keep the family business going?
Gaughan: You need someone in the family who has the aptitude for whatever the business is. It comes natural to me, and I really enjoy it. It also gives me the ability to have a sustainable business. I take that very seriously, especially for the people who work for the company. I passed on a lot of dramatic expansion opportunities because I didn't want to take on a lot of debt. A lot of companies now are troubled by the high levels of debt that they have. The word on the street is that the businesses don't have the ability to support their brokers the way they used to. I'm talking about the smaller brokers around. We don't have that problem.
MREJ: What do you enjoy most about working in commercial real estate?
Gaughan: The relationships with people. You have to be able to understand the numbers related to real estate, too, of course. You need to be able to understand it as a business model, understand the numbers behind it. On the broker side, it's about the people and really just working with our brokers, understanding them as a whole and what their needs are, what their goals are. If you can help your brokers reach their goals, then they can do the work they need to do to make sure the clients are happy. That makes for prosperity and usefulness.
MREJ: What are some of the most difficult challenges of succeeding in this field?
Gaughan: In a down economy, it's being resourceful and working hard, being proactive. Business doesn't just come to you as it did in a good economy. You can't just reach out and grab it.
MREJ: You're planning to open another office in Minneapolis, right?
Gaughan: We are planning on another location in Minneapolis. We're hoping to open that office in the spring of summer of 2011 here to meet some of the needs for the brokerage side and management side. I told Lou, "Find us an office." He is working through the process of gathering information now.
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Gaughan Cos. joins CORFAC International
Gaughan Cos. has joined CORFAC International, a network of privately-held commercial real estate firms serving more than 150 markets worldwide.
Affiliating with CORFAC International gives the privately-held Gaughan "the opportunity to better serve our clients with real estate needs in markets outside the Twin Cities," said ...
Read the full story at The Business Journal
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Local News - Minneapolis-St. Paul
Gaughan Cos. joins CORFAC International
Minneapolis / St. Paul Business Journal - by RACHEL KERANEN, Staff Writer
Date: Thursday, March 17, 2011, 1:50pm CDT
Gaughan Cos. has joined CORFAC International, a network of privately-held commercial real estate firms serving more than 150 markets worldwide.
Affiliating with CORFAC International gives the privately-held Gaughan “the opportunity to better serve our clients with real estate needs in markets outside the Twin Cities,” said Lou Suski, Gaughan’s vice president of sales and leasing.
Read more: Gaughan Cos. joins CORFAC International | Minneapolis / St. Paul Business Journal
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Published: March 17, 2011
Gaughan Cos. has joined CORFAC International, a network of privately-held commercial real estate firms serving more than 150 markets worldwide.
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February | 2011
GAUGHAN COMPANIES JOIN CORFAC INTERNATIONAL
Twin Cities’ Firm Adds Strategic Midwestern Coverage to CORFAC’s Corporate Services and Multi-Market Brokerage Services Capabilities
Twin Cities, MN– President Patrick M. Gaughan of Gaughan Companies announced today that the 41-year-old company has joined CORFAC International and will now operate its brokerage and commercial property management business as Gaughan Companies/CORFAC International. The firm is a leading full-service commercial real estate provider offering brokerage, property management, construction and development services to clients throughout the greater Twin Cities metro area as well as outstate Minnesota and Western Wisconsin.
U.S.-based CORFAC International is an invitation only commercial real estate organization and comprised of privately held entrepreneurial firms, CORFAC International firms have offices in 63 North American cities and serve more than 150 markets worldwide. CORFAC International is the third largest commercial real estate brokerage concern in the Midwest, based on total volume of all 2009 transactions, according to Commercial Property Executive, a New York-based trade publication. With the addition of Gaughan Companies, there are now 11 Midwestern firms affiliated with CORFAC International. The other ten are based in Milwaukee, WI; Detroit, MI; Cleveland, OH; Dayton, OH; Cincinnati, OH; Fort Wayne, IN; St. Louis, MO; Kansas City, MO and there are two CORFAC firms in Chicago, IL.
“The Minneapolis and St. Paul markets form a significant hub of American business and we have wanted a reliable and locally knowledgeable affiliate there for a number of years now. The Twin Cities is a strategic location for us to include with our coverage so we are extremely pleased to have Gaughan Companies/CORFAC International on board,” said 2011 CORFAC International Charles Sevier, SIOR, CCIM and a principal with Crump Commercial/CORFAC International based in Memphis, TN.
The Minneapolis-St. Paul metropolitan area is the country's 15th largest metropolitan area. Boasting more Fortune 1000 companies per capita than any other state, Minnesota is home to 21 Fortune 500 companies and more than a dozen of Forbes Largest Private Companies. Moreover, nearly 100 of the region’s firms were cited in Inc. magazine’s 2010 list of the 5000 Fastest Growing Private Companies in America. CORFAC International primarily serves as a platform for its affiliates to refer commercial real estate services– namely, brokerage transactions, to one another.
Gaughan Companies/CORFAC International is currently the Twin Cities’ eighth largest commercial real estate brokerage firm providing office, industrial and retail brokerage, investment services, tenant representation, development, property management, construction, maintenance and community association management.
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