Beyond the Skyline is a podcast from Finance & Commerce newspaper about economic development, commercial real estate and construction in Minnesota. Above all, it’s a show about what’s next, creativity and the innovation in technology that are changing how we work and shaping the future of business throughout Minnesota.
Interview: Josh Budish, founder, Endeavor Development
After spending nearly two decades working in Twin Cities real estate, Josh Budish has launched his own industrial real estate company.
Budish founded Endeavor Development at the start of this year, and he serves as principal. Endeavor is solely focused on industrial properties in the Twin Cities market — a market that’s healthy and ripe for growth, thanks to limited supply and pent-up demand for this type of property, says Budish.
Endeavor’s narrow focus on this market will be an asset to the new company, which has a team of three and several projects already lined up.
Throughout his career, Budish has managed the development of more than $300 million in real estate, as well as the management of more than $500 million, the investment of more than $500 million and the leasing of more than $1 billion in real estate on behalf of institutional investors.
Budish was previously vice president of leasing and development for Duke Realty and was responsible for the leasing, development and performance of Duke’s 5.1 million-square foot industrial portfolio. Budish speaks with reporter Kelly Busche about his career and his latest endeavor.
Interview: Andy Lindus, owner, Lindus Construction
Lindus Construction traces its history back to the late 1970s, when company founders Kevin and Emily Lindus made the transition from raising farm animals to improving homes.
Following in the footsteps of his father, Andy Lindus owns and operates the second generation family business, along with brothers Adam and Alex. The Baldwin, Wisconsin-based company, which serves the Twin Cities area, offers services ranging from roofing remodeling to windows and decks.
Since its early days, Lindus Construction has grown from two employees to more than 150. And as the host of a home improvement radio show and podcast, Andy Lindus has established himself as a prominent voice of the industry.
In the following interview, Lindus speaks with reporter Brian Johnson about the state of residential construction and the impact of COVID-19 on the supply chain, among other topics.
Interview: Duane Carter, chair, Northwest Area Foundation
Duane Carter has been with the Northwest Area Foundation since 2016, and in his second year as chair of the nonprofit’s investment committee he manages the investing capital for the foundation’s endowment.
The Northwest Area Foundation, based in St. Paul, supports efforts by people, organizations and communities to reduce poverty and achieve sustainable prosperity. Its region includes Oregon, Washington, Idaho, Montana, North Dakota, South Dakota, Minnesota, Iowa and 76 Native American nations. The nonprofit primarily directs resources and support to Native Americans, communities of color, immigrants and refugees, and rural communities.
Before joining the foundation, Carter worked at the Federal Reserve Bank of Minneapolis, most recently serving as a senior vice president before retiring.
Carter earned a doctor of education degree in organizational development as well as a master of business administration from the University of St. Thomas. He also holds a bachelor’s degree in agriculture business from the University of Minnesota.
In this interview with reporter Kelly Busche, Carter speaks about his role and his plans to continue supporting the foundation’s priority communities, and about how the foundation, in the midst of the pandemic and racial reckoning, is also allocating more funding to help communities in need.
Interview: Scott McMahon, executive director, Greater Minnesota Partnership
The Greater Minnesota Partnership has selected Scott McMahon to serve as the nonprofit’s new executive director.
McMahon is a former lobbyist with government relations firm Flaherty & Hood P.A., and has been with the GMNP since 2017.
He will lead the organization in its goal of advocating for economic development policies and resources that benefit greater Minnesota. More than 60 businesses, chambers of commerce, economic development authorities, higher education institutions, cities and nonprofits make up the membership organization..
McMahon has a Master of Public Policy degree from the University of Minnesota and a Master of Nonprofit Administration from the University of Notre Dame’s Mendoza College of Business.
Prior to his work with Flaherty & Hood, McMahon spent more than a decade working in higher education, first as director of government relations at the Minnesota Private College Council and then as associate vice president for external affairs at Saint Mary’s University.
In this interview with reporter Kelly Busche, McMahon talks about stepping into his new role during a challenging time, when greater Minnesota faces the ongoing pandemic, child care shortages, broadband issues and more.
Interview: Todd Polifka, president, Housing First Minnesota
Minnesota’s single-family homebuilding market turned conventional wisdom about the state of the economy on its head in 2020.
While it may be a stretch to say that homebuilders are sorry to see 2020 go, residential contractors had a surprisingly strong year. Todd Polifka, owner of Custom One Homes in Woodbury and the newly installed 2021 president of Housing First Minnesota, a homebuilder association with more than 1,000 members, is optimistic that growth will continue in 2021.
But he’s also quick to note that the industry faces daunting challenges in the year ahead. Headwinds range from the ongoing struggle to meet demand for more affordable new homes to pandemic-related supply chain disruptions.
Polifka, who has more than 20 years of construction experience, has served on Housing First Minnesota’s board for nearly 10 years. Prior to owning Custom One Homes, Polifka was a principal in Brush Masters Painting and Drywall. He gives back to the community through the Custom One Charities initiative.
In the following interview, Polifka talks about his personal homebuilding journey, what drove homebuilding activity in 2020, opportunities and challenges that lie ahead, and more.
Interview: Patrick Seeb, executive director, Destination Medical Center
The new leader of Rochester’s Destination Medical Center is optimistic about the new year — and the organization’s ability to position the city as an attractive place for remote workers.
Patrick Seeb stepped into the DMC’s executive director role at the start of 2021. He’s taking over for Lisa Clarke, who retired after spending six years leading the organization.
The DMC is a 20-year project to convert Rochester into a global hub for health and wellness. This, the DMC hopes, will draw development, investors, startups and entrepreneurs to the southern Minnesota city. It’s also the largest private-public economic initiative in the state’s history, according to the DMC.
Seeb most recently served as the organization’s director of economic development and placemaking. Before that, he was executive director of the Saint Paul Riverfront Corp., responsible for the multibillion-dollar transformation of downtown St. Paul.
Like any other city, Rochester has struggled with job losses and fewer visitors due to the ongoing pandemic. Still, Seeb said that the city is doing better than most thanks to the Mayo Clinic. Seeb speaks with reporter Kelly Busche about how leaders are assessing the community’s changing needs as they position Rochester as an essential city for workers and travelers in a post-pandemic world.