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RJM Construction founders complete buyout from NorthMarq Companies

RJM Construction announced today that the company has been purchased by its founders, Bob Jossart and Joe Maddy, from NorthMarq Companies, the real estate services holding company owned by the Pohlad family. This change will allow RJM Construction the opportunity to work more closely with other real estate brokerage, property management and development firms, in addition to continuing its relationship with Cushman & Wakefield | NorthMarq and United Properties.

RJM Construction was founded in 1997 by construction veterans Jossart and Maddy; the company was acquired by NorthMarq Companies (then known as Marquette Real Estate Group) in 2008 and today ranks among the top general contractors in the Twin Cities.

“This brings us back to where we began, as an independent general contractor committed to serving our clients, and builds on our accomplishments during the past seven years under Pohlad ownership,” Jossart said. “Together, Joe and I founded the company and we are energized by the new opportunity this provides to us and to our people.”

No changes are anticipated at the three-city, 150-employee company, and all current staffing plans remain unchanged. RJM Construction will continue to be led by Jossart as president, and Maddy as chief operating officer. RJM Construction reported revenues of $214 million in 2014, with offices in Minneapolis, Denver and Phoenix. The company provides pre-construction, general contracting, construction management and design/build services to clients across a wide swath of industries, from healthcare to municipal.

“Our priority continues to be providing outstanding construction services,” Maddy said. RJM Construction is currently building several high profile projects, including the headquarters for Be The Match® and Portland Tower, both in Minneapolis; ManCaves in Englewood, Colorado; and Hacienda HealthCare Children’s Hospital in Mesa, Arizona.

“RJM has been a solid partner with NorthMarq Companies, and we see a strong future for them as they return to being an independent operating business,” said Ed Padilla, CEO, NorthMarq Companies, which also owns commercial real estate entities Cushman & Wakefield l NorthMarq and NorthMarq Capital.

Padilla added that the Pohlad-owned commercial real estate entities will continue to build on a strong heritage in real estate services. “We are continuing to pursue geographic growth in our brokerage, real estate advisory, facilities management, commercial mortgage banking and loan servicing businesses,” he said.

April 16, 2015

Spring Training preview – a new manager and upgraded facilities

As the Twins head into their 25th Spring Training season in Lee County, Fla. They will take the field in behind new Manager Paul Molitor. The first ballot Hall of Famer served as a Twins coach in 2014, overseeing: baserunning, bunting, infield instruction and positioning, as well as in-game strategy. Prior to 2014, he served as the Twins minor league baserunning/infield coordinator for 10 seasons (2003, 2005-13). He was the Seattle Mariners hitting coach in 2004 and Twins bench coach from 2000-01, giving him 14 years of major league and minor league coaching experience.

Molitor, a St. Paul native and former Golden Gopher, played 21 seasons in the Majors, including his final three with the Twins from 1996-98. He finished his career with a .306/.369/.448 slash line with 3,319 hits in 2,683 games.

The Twins will open their 25th Spring Training season at the CenturyLink Sports Complex this spring. The CenturyLink Sports Complex is home to Hammond Stadium, five additional playing fields as well as the new Twins Player Development Academy. It is also the home to two Twins’ minor league affiliates, housing both the Ft. Myers Miracle of the Single-A Florida State League and the Rookie level Gulf Coast League Twins. In addition, the complex features four state-of-the-art softball fields, which are utilized throughout the year by collegiate and community teams. (more…)

March 15, 2015

NorthMarq Capital to acquire AmeriSphere Multifamily Finance

NorthMarq Capital has signed a purchase agreement to acquire 60 percent of AmeriSphere Multifamily Finance, a Fannie Mae DUS and FHA MAP lender from founding partner Rodrigo Lopez and the investment firm McCarthy Capital. NorthMarq Capital previously owned a 40-percent stake in AmeriSphere, but will now operate it as a wholly-owned subsidiary. The acquisition is expected to close in mid-March following pending agency and regulatory approvals. AmeriSphere will be then known as NorthMarq.

NorthMarq will continue to operate as an originator of multifamily loans for Fannie Mae under their DUS program and for FHA, including all underwriting, closing and asset management functions. No employee reductions or changes are anticipated except at the CEO/president level. The acquisition will allow for enhanced integration of operational support with NorthMarq and its platform of 35 production offices across the country. (more…)

February 1, 2015

Northern Lights Broadcasting launches a new Twin Cities Radio Station

Go 96.3 will have a unique sound with diverse musical offerings from artists like Imagine Dragons, Foo Fighters, Atmosphere, Fitz & the Tantrums, and new artists such as Vance Joy, Hozier and Bleachers.

In addition, Go 96.3 is excited to return as the exclusive radio play-by-play home for the Minnesota Twins in 2015.

“With KTWIN, we built a new home for the Minnesota Twins but with a radio sound that’s too familiar. Go 96.3 will be different. Our music will be different, our people will be different, how we position the Twins will be different and how we support our sponsors will be different. We are going where music is going, where our baseball team is going and where our community is going.” Joe Pohlad, Executive Vice President of Northern Lights Broadcasting.

January 16, 2015 | Download PDF

United Properties’ Eva Stevens promoted to chief operating officer

MINNEAPOLIS (Jan. 15, 2015) – United Properties has promoted Eva Stevens, executive vice president of asset management, to executive vice president and chief operating officer, effective immediately. In her new role, Stevens, a 13-year veteran of the firm, will oversee all aspects of accounting, operations and administration of the company, financial and capital planning and asset management. She will also work with the president and senior leadership of the company to develop the company financial strategy and identification of financial and business risk.

Eric Skalland also has been promoted to vice president and chief accounting officer. Both promotions are part of the transition of responsibilities from Paul Hawkins, executive vice president and chief financial officer, who will retire from United Properties in June 2015.

“Eva and Eric have been important leaders in the continuing evolution of United Properties,” said Frank Dutke, president, United Properties. “We are very pleased to recognize their contributions and look forward to their continued leadership.”

In her new role, Stevens assumes responsibilities for accounting, insurance, information technology, governance, administration and human resources, in addition to her current role providing strategy and direction for the company’s stable operating portfolio.

Stevens joined United Properties in 2001 as vice president of asset management, and was named to the executive team in 2005. Prior to United Properties, Stevens worked in asset management as well as property and operations management at Colonnade Properties and Northco. Before entering the commercial real estate industry, Eva was a financial manager and treasurer of Ellerbe, Inc. She began her career as an accountant at Coopers & Lybrand.

Stevens is active in the commercial real estate industry and has served in several leadership roles within NAIOP, including serving on the national NAIOP board of directors and executive team. She is the recipient of NAIOP Minnesota’s 2014 President’s Award and after serving for many years on the NAIOP Minnesota education committee has transferred to the membership committee. She was instrumental in the 2014 opening of Gilda’s Club Twin Cities, and continues to serve the nonprofit cancer support center as vice chair of the board of directors and a member of the ESAT (executive support and appraisal team).

With his promotion, Skalland will work with United Properties’ senior leadership to develop and implement the company financial strategy and provide oversight of accounting and internal controls, cash management, budgeting, reporting and tax planning throughout the organization. He joined United Properties in 2007 as an assistant controller and was promoted to controller in 2010. Prior to joining United Properties, Skalland served as a senior financial analyst at CBS Radio, Inc. and a senior associate with the accounting firm of Grant Thornton.

January 15, 2015

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