2019 CORFAC International’s Fall Conference
Gaughan Companies – CORFAC International’s, John Chirhart chaired the 2019 CORFAC International’s Fall Conference Communications Committee meeting in Philadelphia, PA. The conference was held from September 18th through the 21 at the at the prestigious Logan Philadelphia Hotel, on Lincoln Square.
The Communications Committee enhances awareness of the organization and its affiliates through communications, public relations, advertising, thought leadership, branding, video and social media.
Established in 1989, CORFAC International is a network of independently owned commercial real estate brokerage firms. CORFAC currently has offices in 50 U.S. markets, 5 Canadian markets and 18 international markets and is celebrating 30 years of success in business.
Gaughan Companies proudly acknowledges its 50th Anniversary this year, as a premier full service real estate company. Mr. Chirhart has been focused on commercial real estate for the past 20 years and serves on numerous boards and committees within the industry.
Gaughan Completes Phase Two of City Center Commons
Gaughan Companies announces the completion of its latest development project called City Center Commons, located along highway 61 on the south side of Forest Lake. The new commercial buildings provide a clean, modern look and feel to the community.
The building will occupy several tenants including Keller Williams in one building, along with Thrifty White and Maplewood Oral Surgery in the second building. There is one additional space available for custom build-out which has the potential for a new franchise restaurant.
“We’re adding residential rooftops to the Minneapolis suburbs again and demand for more commercial and retail space is imminent based on the region’s population growth,” said Patrick Gaughan, in reference to the return of growth in the economy after a post-recession lull.
Gaughan Construction continues to embrace the growth of the economy and the future of the company.
John Chirhart Moderates Annual Land Development Conference
On Friday May 6, 2016 The Minnesota Real Estate Journal held their 12th Annual Land Development Conference at the Golden Valley Country Club. Gaughan Companies’ John Chirhart was moderator for the Opportunities for Commercial Land Development section with a panel that included Brian Pankratz with CBRE, Tony Barranco from Ryan Companies, and Phil Cattanach of The Opus Group. Topics they covered in their discussion included:
- New Opportunities for development is happening in urban core right now
- What types of projects are in consideration for land development
- What are the challenges with land development vs. redevelopment
- Who is active in the market place and what is their risk tolerance and expected returns
- When or will there be a next big wave of land development or is it a thing of the past
Attendees were treated to a wide variety of topics moderated by industry professionals. Other topics in the Land Development Conference included Land Plan Optimization, “Hot” Legal Topics in Land Development, How to Effectively Work With Municipalities, and the Residential Home Builders Roundtable.
John Chirhart started his career in commercial real estate back in 2000 and has been with Gaughan Companies since 2009. During his time with Gaughan Companies, John has been involved in numerous land transactions including recently helping a client sell 157 acres in Lino Lakes to home builder Lennar. John, along with his business partner Lou Suski, have sold hundreds of acres of land in the past couple years and are currently listings hundreds of acres more for current clients throughout the metro and rural areas. If you own any land that you are interested in selling contact the Gaughan Companies Brokerage Department today at 651-464-5700 or contact them HERE.
There’s Magic in a Mission
When my leadership team and I were determining our Mission Statement, it was important to us that we not only convey what we do, but that we care about our clients.
Our Mission Statement is simple but not simplistic:
“We care for people’s real estate interests through Construction, Brokerage, Development, Management and Maintenance.”
Real estate is where life happens, where business is conducted or a family resides. We do not just care for the real estate, we care for the real people who occupy those places.
Our Mission Statement not only says what we do, but it keeps our team laser focused on our purpose and commitment to our clients, which is where the magic really happens!
In the article below my good friend and business colleague Chris Naylor talks about the importance of having a Mission Statement in her blog ‘There’s Magic in a Mission!’ I am confident that if you have not already found your mission this article will give you direction on where to start!
Patrick Gaughan
The Resurgence of Land Sales
The Resurgence of Land Sales
After many years stuck in a dormant market, commercial real estate land development in the Twin Cities is making a comeback. Local unemployment rates of approximately 4% help rise the demand for new housing options and the need for new retail services. Projects such as multi-family, senior housing, and retail users including grocery store chains are a driving force behind the resurgence. Historically high rents, as well as outlot development opportunities, have become a realistic option for businesses that require a “build to suit” options.
In the Twin Cities market alone, over 240 acres have been purchased for residential use projects by builders including Mattamy Homes, Ryland Group, and Ryan Companies. Additionally, retailers such as Hy-Vee, Jerry’s Foods, and Walmart have lots totaling over 90 acres for new development. The industrial market includes projects covering over 170 acres in the communities of Brooklyn Park, Minneapolis, Osseo, and Rogers.
The Gaughan Companies brokerage team has captured activity from this market revitalization and that has closed the deal on several land transactions in the past 24 months. Some of the transactions include:
- 157 acres of mixed use development land in Lino Lakes sold (Broker Team John Chirhart and Lou Suski)
- 22 acres purchased by Noble Academy to build a new charter school off of Highways 169 and 610 in Brooklyn Park (Broker Team Dan Hebert and Derrick Jensen)
- 30 acres purchased by Westmor Fluid Solutions for a new facility in Columbus (Broker Team Chirhart and Suski)
- 6 acres of commercial land off of highway 10 in Big Lake (Broker Dan Hebert)
- .65 acre residential lots purchased by a developer in Hudson, Wisconsin (Broker Team Jensen and Hebert)
- 55 acres of agricultural land in Rush City sold (Broker Team Chirhart and Suski)
- 1.5 acres commercial lot in Hugo under contract (Broker Dan Hebert)
- .64 acres redevelopment site in downtown Hugo (Broker Team Chirhart and Suski)
- 3.29 acres redevelopment site near downtown Forest Lake (Broker Team Chirhart and Suski)
For the first time in nearly a decade, Gaughan Companies has construction projects on the horizon that start from the ground up and stretch into 2016. Demand for new development in both the office and multi-family housing markets have created an opportunity for Gaughan Companies to go back to our construction roots. The first project, a medical office building outlot, is slated to break ground in summer of 2015.
With the ability to broker, develop, construct, and manage new projects, Gaughan Companies offers a veteran staff ready to fulfill your vision and exceed your expectations. Are you in the market to explore taking your business to the next level? Contact Us Today!
Gaughan Companies Completes the Sale of Historic Manufacturers Building
Gaughan Companies/CORFAC International, a leading full-service commercial real estate provider serving the Twin Cities market, today announced the completion of the sale of the Manufacturers Building (formerly Nate’s Clothing) located in 401 First Avenue North. The Historic Warehouse District property measures 55,250 square feet and is six floors high.
Gaughan Companies and CORFAC: Minnesota Nice with a Global Reach
At Gaughan Companies, we provide professional expertise in commercial real estate services and community association property management. Whether client assignments are large or small, we evaluate each assignment from the perspective of the principal, always striving to provide unsurpassed professionalism and comprehensive commercial real estate services.
