The Larkin Hoffman Real Estate Podcast

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The Larkin Hoffman Real Estate Podcast

Insights and Commentary from Industry Leaders

AUG 5

Securing a Cannabis License in Minnesota

Cannabis sales are anticipated to begin in Minnesota by spring or early summer of 2025. This new market will open opportunities for businesses to engage in cultivation, manufacturing, and retail, under a comprehensive framework designed to ensure compliance and safety. In this episode of the Larkin Hoffman Real Estate Podcast, Bill Griffith sat down with Doug Junker, the firm's municipal licensing specialist, to discuss the evolving landscape of the cannabis market and its regulatory compliance in Minnesota. They dive into the many nuances of the cannabis licensing process and the challenges posed by regulatory requirements for cultivators, manufacturers, and retailers, offering valuable insights for businesses preparing to enter the cannabis market. Doug Junker transitioned from a 20-year tenure as a license examiner for the City of Bloomington to join Larkin Hoffman and brings with him a wealth of insight into the intricacies of securing licenses. This knowledge renders him an invaluable resource and consultant for businesses, municipalities, and legal professionals seeking assistance or clarity on diverse licensing issues. Doug assists businesses navigating the myriad of challenges they encounter when seeking permits and licenses for their operations. He provides guidance on business planning, floor planning, licensing applications, compliance and site inspections to ensure alignment with city regulations. Bill Griffith advises local and national clients on legal and policy issues affecting land use, zoning, real estate, environmental review, municipal law, regulatory matters and government relations. He has been legal counsel to Mall of America in all its phases, and serves as city attorney for the city of Columbus. He is a trusted advisor on real estate development and public funding for both private clients and municipalities.

15 min
APR 15

Property Taxes High? Your Property Could Be Over Valued

There is a simple formula that is used to determine how much you owe in property taxes, however if your property is valued incorrectly, you could be overpaying. Tim Rye and Adam Pabarcus from our property tax appeals team recently sat down with Bill Griffith to discuss the property tax appeals process and to highlight the benefit of a quick periodic review to determine if your tax assessment is fair. In this episode of The Larkin Hoffman Real Estate Podcast, Tim also shares insights regarding his team’s recent victory in the Minnesota Supreme Court and its decision to require tax assessors to exclude the airport’s concession fees from rent-based valuations for property tax purposes. The case offers a flight plan to lower taxes at many of the nation’s transportation hubs and underscores the importance for all taxpayers to exclude business value from taxable property value. In this episode, Tim details the magnitude of the Minnesota Supreme Court’s decision regarding concession fees and how it could influence the results of future property tax appeals.

26 min
09/28/2023

Black Women in Real Estate: Redefining the Landscape | Part Three

Part Three: Reforming Real Estate: From Racial Covenants to Just Deeds In the most recent episodes of The Larkin Hoffman Real Estate Podcast, ⁠Bill Griffith⁠ had the privilege of sitting down with three pioneering Black women working for the City of Bloomington, Minnesota. Women, and Black women in particular, have historically been excluded from the real estate profession causing their representation in the industry to be notably low. However, in Bloomington things are changing. In recent years, the city added three women of color to its leadership team: Karla Henderson, Community Development Director; Aarica Coleman, Housing and Redevelopment Authority Administrator; and Faith Jackson, Chief Equity and Inclusion Officer. Bill was honored to have the opportunity to talk with them about this important topic. As their conversation unfolded, it quickly became clear that the three women had a lot to share and the conversation evolved into the three-part mini series.

24 min
09/28/2023

Black Women in Real Estate: Redefining the Landscape | Part Two

Part Two: Breaking Ground: The Roots of Racism in Real Estate In the most recent episodes of The Larkin Hoffman Real Estate Podcast, Bill Griffith had the privilege of sitting down with three pioneering Black women working for the City of Bloomington, Minnesota. Women, and Black women in particular, have historically been excluded from the real estate profession causing their representation in the industry to be notably low. However, in Bloomington things are changing. In recent years, the city added three women of color to its leadership team: Karla Henderson, Community Development Director; Aarica Coleman, Housing and Redevelopment Authority Administrator; and Faith Jackson, Chief Equity and Inclusion Officer. Bill was honored to have the opportunity to talk with them about this important topic. As their conversation unfolded, it quickly became clear that the three women had a lot to share and the conversation evolved into the three-part mini series.

21 min
09/28/2023

Black Women in Real Estate: Redefining the Landscape | Part One

Part One: Lifting Each Other Up: The Power of Mutual Support In the most recent episodes of The Larkin Hoffman Real Estate Podcast, ⁠Bill Griffith⁠ had the privilege of sitting down with three pioneering Black women working for the City of Bloomington, Minnesota. Women, and Black women in particular, have historically been excluded from the real estate profession causing their representation in the industry to be notably low. However, in Bloomington things are changing. In recent years, the city added three women of color to its leadership team: Karla Henderson, Community Development Director; Aarica Coleman, Housing and Redevelopment Authority Administrator; and Faith Jackson, Chief Equity and Inclusion Officer. Bill was honored to have the opportunity to talk with them about this important topic. As their conversation unfolded, it quickly became clear that the three women had a lot to share and the conversation evolved into the three-part mini series.

18 min
09/18/2023

Coming September 28th! Black Women in Real Estate: Redefining the Landscape

Stay Tuned for our latest episode of The Larkin Hoffman Real Estate Podcast, releasing September 28, 2023. In this episode, Bill Griffith has the privilege of sitting down with three pioneering Black women working for the City of Bloomington, Minnesota. Women, and Black women in particular, have historically been excluded from the real estate profession causing their representation in the industry to be notably low. In Bloomington, however, things are changing. In recent years, the city added three women of color to its leadership team, Karla Henderson, Community Development Director; Aarica Coleman, Housing and Redevelopment Authority Administrator; and Faith Jackson, Chief Equity and Inclusion Officer. Subscribe today so you don't miss this exciting new series.

1 min
06/21/2023

Celebrating the Women Leading Commercial Real Estate: Megan Rogers’ Fireside Chat with Ra'eesa Motala

In this episode of The Larkin Hoffman Real Estate Podcast, Megan Rogers shares her experience sitting down with Ra'eesa Motala, Vice President of Rokos Advisors, at a special event honoring the women who are breaking down barriers in the traditionally male-dominated field of commercial real estate. Megan had the opportunity to engage in a fireside chat with Ra'eesa, who was the keynote honoree at the annual Bisnow's Minneapolis Women Leading Real Estate event. Ra'eesa discussed her journey in the real estate brokerage industry and emphasized the invaluable support she received from mentors along the way. She encouraged other women aspiring to build their careers in commercial real estate to seek out strong mentors and embrace the community of women in the field who are ready to assist and uplift each other. Ra'eesa dedicates a significant amount of her time to volunteering. She serves as a Co-Chair of the Real Estate Diversity Initiative (REDI) program, which focuses on empowering Black, Indigenous, and People of Color (BIPOC) professionals and women in various real estate sectors through a 12-part curriculum and cohort experience. Additionally, Ra'eesa mentors young women who have experienced harassment and sexual assault in the workplace, helping them navigate towards safer environments. During the event, Ra'eesa also highlighted the impact of her greatest mentor, Helen Brooks, a trailblazer in commercial real estate. Helen was the sole woman involved in the Minneapolis Area Association of Realtors during the 1960s and 1970s, and she paved the way for other women in the industry. The conversation concluded and the event moved to recognize a group of local women trailblazers in commercial real estate. The 12 women recognized were Ra’eesa Motala, Kara Frank (Owner, Twin Realty Investment Co), Anne Olson (COO, Centerspace Homes), Jaclyn May, (Executive Director, Cushman & Wakefield), Sheri Brezinka (Regional Director, U.S. Green Building Council), Angela Ledding (Head of Underwriting, PACE Loan Group), Sonja Dusil (Senior Vice President Commercial Development, United Properties), Shannon Rusk (SVP, Development, Oppidan), Emily Nicoll (SVP, CBRE), Jessica Welk (General Counsel, Schafer Richardson), Amanda Leathers (Investment Sales Associate, Upland), and Maureen Michallski (Vice President of Real Estate Development, Ryan Companies). Megan Rogers advises and represents businesses, developers, and property owners seeking favorable government approvals including licensing, zoning, and other regulatory matters. She provides guidance on bond financing for multifamily projects and real estate transactions including residential and commercial sales and leases, easement agreements, title registrations, and lot splits. Megan also assists clients and industry groups in seeking favorable determinations from state agencies and licensing boards.

30 min
06/13/2023

Bisnow Twin Cities Outlook Recap with Megan Rogers

In this episode of The Larkin Hoffman Real Estate Podcast, ⁠Megan Rogers⁠ takes the opportunity to recap a panel discussion she moderated at Bisnow’s Twin Cities Market outlook recorded late last year. It was an engaging conversation with insight from a range of leaders in the Twin Cities Real Estate and Development Market. The panel discussed commercial real estate conditions, obstacles and and where Minneapolis sits in comparison to its competition. Megan was joined on the panel by Rob Bader, President, Bader Development; Harrison Wagenseil, Managing Director, Investment Sales/Capital Markets, Transwestern; Erin Fitzgerald, Senior Director, JLL; Tom Shaver, Partner, Inland Development Partners; and Anna Maria Kowalik, Sr VP - Director of Business Development, Inland Green Capital. Megan Rogers advises and represents businesses, developers, and property owners seeking favorable government approvals including licensing, zoning, and other regulatory matters. She also provides guidance on bond financing for multifamily projects and real estate transactions including residential and commercial sales and leases, easement agreements, title registrations, and lot splits.

14 min
03/01/2023

Building Affordable Housing: Interview with Johnny Opara, President and CEO of JO Cos

Megan Rogers recently had the opportunity to talk with developer Johnny Opara, President and CEO of JO Cos., a real estate development company in the Twin Cities that specializes in developing high-quality, affordable multifamily housing. Johnny Opara took an unusual path to starting JO Cos and his career as a developer but as a first-time developer, he was able to get the St. Paul Housing and Redevelopment Authority to unanimously approved bond financing for construction of The Hollows in the Payne-Phalen area of St Paul. Today, the 62-unit workforce housing development is complete with affordable units for low-income renters. For this episode of The Larkin Hoffman Real Estate Podcast, Johnny and Megan talk about his decision to move from corporate America into the real estate development world; what he’s building now; and what he wants to build in the future. ____________ Megan Rogers advises and represents businesses, developers, and property owners seeking favorable government approvals including licensing, zoning, and other regulatory matters. She also provides guidance on bond financing for multifamily projects and real estate transactions including residential and commercial sales and leases, easement agreements, title registrations, and lot splits. Megan advises clients and industry groups seeking favorable determinations from state agencies and licensing boards. Contact Megan Rogers at mrogers@larkinhoffman.com.

33 min
02/13/2023

Bisnow’s Twin Cities Multifamily Market Overview with Bill Griffith

On February 1st, the Federal Reserve raised interest rates by another quarter-point. This first rate hike of 2023 follows seven interest rate hikes in 2022. With the rising interest rates in mind, Bill Griffith sat down with a panel of real estate and construction industry leaders last fall at Bisnow’s Twin Cities Multifamily Market Overview to discuss the effect of rising interest rates on their business. In this episode of The Larkin Hoffman Real Estate Podcast, Bill takes the opportunity to review the discussion he moderated and highlight some of the trends, opportunities and forecasts for the Twin Cities construction and real estate markets. Bill discussed the effect of rising interest rates on their business with Traci Thomas, COO of Doran Companies; Sargent Johnson, Managing Director at Hines; Brady Pollard, Vice President - Preconstruction Services Director at JE Dunn Construction; and Johnny Opara, President and CEO of JO Companies. Bill Griffith advises local and national clients on legal and policy issues affecting land use, zoning, real estate, environmental review, municipal law, regulatory matters and government relations. He has been legal counsel to Mall of America in all its phases, and serves as city attorney for the city of Columbus. He is a trusted advisor on real estate development and public funding for both private clients and municipalities. Contact Bill Griffith at wgriffith@larkinhoffman.com

14 min
10/07/2022

Twin Cities State of the Market With Jake Steen

We're coming into year three of the COVID-19 pandemic, with record inflation, global instability, rising interest rates, and game-changing local regulations. All of these factors are having impacts on the real estate market. In this episode of The Larkin Hoffman Real Estate podcast, Jake Steen, a real estate attorney with Larkin Hoffman, wraps up a recent opportunity he had to sit down with leaders in the real estate and development market at Bisnow's 'State of the Market’ panel held at the Four Seasons Hotel Minneapolis earlier this fall.

25 min
08/15/2022

Building the RBC Gateway: Interview with Bill Katter, President of United Properties Development

I recently had the opportunity to sit down with Bill Katter, President of United Properties Development, in the firm’s new offices located in the RBC Gateway, a building he developed. The 37-story tower sits on a key block linking the downtown Minneapolis core with the bustling North Loop neighborhood and providing tenants with commanding views of the Mississippi River, just a few blocks away. Bill Katter didn’t plan to be a developer when he was recruited to join United Properties almost 20 years ago. He was working for Lutheran Brotherhood underwriting equity investment when Boyd Stofer offered him a job underwriting acquisitions for United Properties. Soon after, Stofer asked him to take on development of the C.H. Robinson Headquarters in Eden Prairie. “It started with Boyd saying ‘you have the qualities of a developer. Why don't we just make you a developer and see where it goes’,” said Katter. Asked what those qualities are, he responded, “I would think drive is the most important thing, wanting to wake up and get something done, and the desire to compete and win business.” Katter talked about what it took to develop RBC Gateway, the largest mixed-use project to open in downtown Minneapolis in many years. “First of all, organizationally we never built something taller than 10 stories in our a hundred plus years history. For us, it was the fortitude and the organizational depth and breadth to pull something like this off. The second thing we learned is how important Minneapolis was to the Pohlad family. The project was a chance to reunite, under one roof, with our owner and contribute meaningfully to Minneapolis.” Landing the Four Seasons Hotel was the special sauce of the project, according to Katter, but it wasn’t clear it would pencil out. “We felt great about the condos, we felt great about the office, but the hotel, we were not sure it would underwrite fully. We all kind of locked arms and said, let's take a shot at this.” Katter said the office component is doing extremely well. “We're about to sign a lease that puts us at 99% leased.” Still, he credits the other components of the projects with driving the success of office leasing. “The Four Seasons Hotel offers a level of amenities with meeting space and dining, and valet parking was important to RBC’s wealth management business. It could also be there is a shift towards the North Loop and out of the core.” We talked about what it will take to make development viable in downtown Minneapolis for the long-term and it didn’t take Katter long to come up with his answer. “The most important thing is getting people back to the office and most of the major employers downtown have not fully commanded a return to office policy.” He said, “until office fully returns, the core of downtown will continue to just feel like it's missing something.” Katter contrasts the downtown core with the success of the North Loop. “The North Loop is primarily a residential submarket with office in it. It has many more people living there and so it’s felt much more vibrant throughout the pandemic and even today.” Shifting gears, we discussed some of the challenges in the marketplace with supply chain problems, interest rate hikes and fear of recession. Katter wouldn’t say the real estate market is in recession, preferring to call it a “cooling off period.” Continue reading here.

17 min

12 Episodes

Insights and Commentary from Industry Leaders

Creator

Larkin Hoffman
Years Active

2022 - 2024
Episodes

12
Rating

Clean
Copyright

© Larkin Hoffman
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The Larkin Hoffman Real Estate Podcast