DENVER, COLO.– Today’s dynamic economic environment presents the commercial real estate industry with both complex challenges and unprecedented opportunities. To seize those opportunities, industry professionals need sound market-focused business experience. As a young professional beginning a career in this business, where do you start? In 2014, 30 graduate students from the University of Colorado Leeds School of Business and the University of Denver Franklin L. Burns School of Real Estate and Construction Management, Daniels College of Business knew just what would give them an edge – competing in the 2014 Rocky Mountain Real Estate Challenge, presented by Land Title Guarantee Company.
For the 12th year, NAIOP Colorado hosted the premier real estate event of the year featuring the state’s best and brightest graduate students to evaluate and make recommendations for a development parcel in the Town of Parker. The students formed six teams to compete against one another for scholarships, future employment and the NAIOP Cup, awarded to the winning school each year. Following an intensive four-month process, each school held an internal competition to determine who would represent their university at the event on May 7th. Presenting in front of a crowd of more than 750 industry professionals, one finalist team from each of these prestigious MBA programs offered their redevelopment ideas for the Town of Parker Mainstreet site.
The University of Denver team, Six Sigma Development, presented by Paul Moore, Perry Bacalis, Sean Wiseman, Stephen Hawkins, Brad Vander Vliet & Beau Breck claimed victory as the winners of the 12th annual Rocky Mountain Real Estate Challenge, by envisioning a mixed-use, pedestrian friendly project named The Connection at Mainstreet...
This year’s Challenge event was important to the Town of Parker as a catalyst for generating ideas on how to enhance the Downtown area as a vibrant and attractive ‘destination’, while thoughtfully creating an Eastern Gateway to the Downtown core which includes recently-completed civic amenities. “The very professional and innovative concepts presented by the teams at the Rocky Mountain Real Estate Challenge provide an exciting vision that will engage our community and energize our planning efforts,” said Town of Parker Mayor Mike Waid. “While the proposal by the DU team was chosen as the winner, all six student teams should be proud of the work their team presented and the impact it will have on shaping the future of Parker’s Mainstreet.”
In Trump: The Art of the Deal, real estate entrepreneur Donald Trump gives his advice on what it takes to succeed in real estate. Second on his list of “7 Habits to Develop Now for Future Success” is to take advantage of all the resources that are around you. He recommends that you find top performers in your market or other markets and ask them to mentor you. The students competing in this year’s challenge did just that. They spent countless hours aided by real estate professionals and architectural experts preparing to deliver a development proposal that determined the best use for the project.
For the second year in a row, the team that came out on top had the good fortune of working with AndersonMasonDale Architects, who was the assigned professional architectural resource for the winning DU team. “We enjoyed sharing the student’s enthusiasm and passion for the visioning of a public space in Parker that will realize its potential in the near term. The experience of working with the students was fun, creative, exciting and challenging. “stated David Houston, Senior Associate of Anderson Mason Dale Architects.
In addition to taking home the coveted NAIOP Cup and receiving course credit, students involved in the Rocky Mountain Real Estate Challenge experience an enormous learning opportunity, a chance for scholarships as well as future employment offers. Paul Moore, member of the winning DU team, stated that “So many people helped us in this process. They devoted their time, energy, and expertise. We are grateful to each of them” Paul specifically referenced the countless hours AndersonMasonDale invested in helping the team along in the process and Brian Levitt of INTEGRAL Real Estate Development who acted as an advisor to the team throughout the process.
In addition to appearances by “Chip”, CU’s mascot and DU’s cheerleading team, NAIOP Corporate Chairman Jean Kane, CEO of Welsh Companies/Colliers International was on-hand to help open the program and promote the Annual NAIOP Development '14 conference coming to Denver in October. Special guest emcee Kelly Brough, President and CEO of the Denver Metro Chamber of Commerce, kept up a lively commentary to help entertain the sold-out crowd. The audience’s enthusiasm and rallying support for each team made for a memorable night – one these students will not soon forget.
About the Town of Parker
The Town of Parker is a progressive, highly-educated and affluent community with plenty of opportunity to grow. Parker is home to more than 46,000 residents and is expected to reach approximately 60,000 at build out. The Town encompasses 20.8 square miles and is located in northern Douglas County, uniquely situated between Colorado's two largest cities - Denver and Colorado Springs. Ranked number 12 on the CNN Money Magazine's 2013 Best Places to Live List, , Parker was also the proud host community of the 2013 Solheim Cup event. Parker prides itself on offering a wide range of recreational and community activities to our citizens. The Town offers a variety of community events and has an amazing network of trails for biking, hiking, skating and horseback riding, as well as numerous parks and open spaces. For more information, visit www.parkeronline.org.
About Land Title Guarantee Company
Land Title Guarantee Company is a locally owned and operated title insurance company, dedicated to serving Colorado and its people since 1967. Land Title provides quality title, closing and escrow services to homebuyers and sellers, residential and commercial real estate professionals, mortgage lenders and servicers, and home builders. One company has it all Guarantee(d). .. LOCAL: A genuine Colorado product—produced by Coloradoans for Coloradoans. STABLE: Our principled financial, business and underwriting practices maintain the security of our customers’ transactions and funds. PROFESSIONAL: Most courteous, accurate and experienced title & closing experts in the industry. RESOURCEFUL: Continually invest in our legal, IT, construction disbursement, and 1031 groups. COLLABORATIVE: Build relationships with our clients to provide networking, business planning and marketing support. For more information, visit our website at www.ltgc.com.
NAIOP, the Commercial Real Estate Development Association, is the leading organization for developers, owners and related professionals in office, industrial and mixed-use real estate. NAIOP provides unparalleled industry networking and education, and advocates for effective legislation on behalf of its members. NAIOP advances responsible, sustainable development that creates jobs and benefits the communities in which its members work and live. For more information, visit www.naiop-colorado.org.