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MINNEAPOLIS (June 18, 2019) – As construction begins on one of the most iconic skyscrapers in recent downtown Minneapolis history, nearly 85 percent of the building is already leased – with only three floors remaining.

Interest in leasing RBC Gateway continues to be high, according to Bill Katter, president and chief investment officer, United Properties Development. “This level of leasing is virtually unprecedented with a project of this size and scope,” he said.

RBC Gateway, named for its largest tenant, RBC Wealth Management – U.S., will rise 34 stories (plus three floors of building mechanicals and equipment) over downtown Minneapolis on the site of the old Nicollet Hotel, the landmark corner of Hennepin, Washington and Nicollet Mall. The RBC Gateway development will include the Twin Cities’ first five-star hotel and resort, the Four Seasons Hotel and Resort, as well as its first Four Seasons Private Residences.

Officials at the Pohlad Companies announced today that they will relocate to RBC Gateway in early 2022. The Minneapolis office of United Properties, the Bloomington office of NorthMarq, the Carousel Motor Group corporate team, Pohlad Family Foundation, Pohlad Investment Group, Marquette Companies and CRP Holdings will all move. All told, the Pohlad organization will occupy three floors, for a total of 96,000 sq. ft.

“The RBC Gateway project represents United Properties and our owners’, the Pohlads, latest commitment to enriching the Twin Cities community and leaving a lasting legacy for generations to come,” Katter continued. “We are thrilled to relocate our headquarters, along with our parent company and affiliated firms, to the iconic RBC Gateway site, and we look forward to welcoming other new tenants into this transformative space.”

Known as the “Gateway to Minneapolis,” the site once featured a grand hotel and a park extending to the Mississippi River. More than 25 years ago, the hotel was torn down and the park was replaced by a parking lot. Working with the City of Minneapolis and other partners, United Properties is restoring the splendor of this historical site. The total square footage of the project stands at more than 1 million sq. ft., making it one of the largest developments in recent history.

Acquisition will add 200 brokers, 50 million sf of managed properties, 750 employees

CHICAGO, August 15, 2017 – Cushman & Wakefield today announced it has entered into an agreement with NorthMarq Companies, a private holding company of the Pohlad family of Minneapolis, to acquire Cushman & Wakefield NorthMarq (CWN) in Minnesota and Cushman & Wakefield Commerce (CWC) operations in Nevada, Utah and Washington.

Collectively, Cushman & Wakefield NorthMarq and Cushman & Wakefield Commerce employ 750 employees and manage almost 50 million square feet of real estate across 10 offices.

“This is far more than an acquisition – this is the formal merging of a trusted partner into our company,” said Tod Lickerman, Chief Executive Americas . “This also affirms our commitment to our clients to offer them the best strategic advice and our full platform of services wherever they do business.”

Eduardo Padilla, CEO, NorthMarq Companies, added, “We believe there is a logical and compelling reason to sell our operations to Cushman & Wakefield at this time. Specifically, the industry is consolidating, with sophisticated clients needing a seamless platform irrespective of geography or service. We’re incredibly proud of this team’s achievements and excited to see them merge into Cushman & Wakefield’s operations.” NorthMarq Companies and NorthMarq Capital are not included in this acquisition.

Cushman & Wakefield also announced that the leadership teams in the four markets will remain in place.

“The teams are a great complement to Cushman & Wakefield’s strong capabilities in the U.S., and we’re thrilled that the leadership team will remain in place and will continue their outstanding client service,” said Shawn Mobley, President of Cushman & Wakefield’s East Region. “I’m also excited that Jeff Eaton will expand his role to lead our North Central Region, with oversight of Chicago, Minneapolis, and Detroit, reporting to me.”

Mr. Eaton has been instrumental in leading the company through several organizational and structural changes becoming president of NorthMarq Real Estate Services in 2008. He led the acquisition of the property management division of Opus Corporation, which added 25 million square feet of management to the company, the creation of a joint venture operation with Cushman & Wakefield in 2011, and the 2013 acquistion of Cushman & Wakefield Commerce.

The sale of Cushman & Wakefield NorthMarq and Cushman & Wakefield Commerce is expected to close shortly, subject to customary closing conditions.

About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit, or follow @CushWake on Twitter.

Eva Stevens and Bill Katter promoted to co-president roles

MINNEAPOLIS (June 11, 2015) – United Properties’ President and CEO Frank Dutke has announced plans to retire in June 2016, which will end a 23-year-long tenure with the company.

As United Properties’ chief executive since 2008, Dutke, 63, has overseen the company’s investment and development activities throughout Minnesota, Colorado, Wisconsin, Illinois and Virginia. He has led the organization through its largest business expansion in the company’s nearly 100-year history, overseeing numerous acquisitions, dispositions, financings, partnerships and new development projects.

As part of the transition of leadership, two current United Properties executives will be promoted to co-president roles, effective July 1, 2015. Eva Stevens will assume the role of president-United Properties Investment and chief operating officer, and Bill Katter will assume the role of president-United Properties Development and chief investment officer. Stevens will oversee the stable investment portfolio and business operations, while Katter will secure new investment opportunities and lead development activities for the firm. Upon Dutke’s retirement, both will report to Bert Colianni, CEO, Marquette Companies, a holding company for various Pohlad operating companies.

“This is part of an orderly transition in leadership over the next year,” said Dutke, who will retain the title of CEO until his retirement. “Fortunately, I have two valued, long-term colleagues in Eva and Bill, each with strong expertise and a proven, successful track record in their respective businesses of investment and development.” United Properties’ investment portfolio consists of more than 50 office, medical, industrial, retail and senior living with services assets. The company’s active developments include more than three million square feet in Denver, Minneapolis and Chicago.


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.

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.

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