Tuesday, April 21, 2009

MARQUETTE UNIVERSITY REAL ESTATE STUDENTS WON THE 2009 NAIOP UNIVERSITY CHALLENGE

Congratulations to the Marquette team who participated and won the NAIOP University Challenge in Minnesota April 16, 2009.

The team consisted of Matt Egan, Eng ‘10, Kaitlynn Koeppler, BusAd ’09 , David Martin, BusAd ’09, Joe Powers, BusAd ’09, Ted Stratman, BusAd ’09, Mike Thomas, BusAd ’09, and Mike Wanezek, BusAd ’09.

The Minnesota Chapter of NAIOP coordinated the 6th annual competition in which student participants analyzed the feasibility of developing a real-world project given the current market conditions. Six universities competed including Marquette University, the University of St. Thomas, University of Wisconsin-Madison, St. Cloud State University, University of Northern Iowa, and the University of Minnesota.

Each university performed a highest and best use analysis of a site across from the Minneapolis Metrodome. Marquette’s team proposed to develop a 70,000 SF LEED Certified medical office building and submitted a comprehensive written report that outlined all aspects of due diligence to the judging committee. Students then presented their analysis to the panel of judges along with 150 members from the NAIOP committee in Minneapolis.

Congratulations again to all those who participated!

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