Patrick Gaughan's Blog

Jeff East Joins Gaughan Companies Commercial Real Estate Brokerage Team

patrickgaughan — Fri, 17 Feb 2012 22:06:45 +0000

January 2012

Gaughan Companies continues to increase their downtown Minneapolis presence with the addition of Senior Associate, Jeff East to their Commercial Real Estate Brokerage office located at 100 South Fifth Street. Jeff’s area of expertise includes office and industrial leasing, sales, and new business development.

Jeff has spent the majority of his seventeen year career in Toronto, Canada representing Tenant’s and Landlord’s in the downtown office market. He achieved ongoing success while securing transactions such as 150,000 sq.ft. with Public Works Canada, 40,000 sq.ft with Price Waterhouse Coopers, and 40,000 sq.ft. with Integrative Proteomics.

Jeff is a graduate of the University of Minnesota where he attended on an athletic scholarship. He holds a Bachelor of Arts degree in International Politics and retains dual citizenship in the United States and Canada.

Gaughan Companies Executive Responsibilities | Our Team:

patrickgaughan — Wed, 31 Aug 2011 23:36:35 +0000

Gaughan Companies Executive Vice President | Penny Yohnk

As Executive Vice President for Gaughan Companies, Penny Yohnk is directly responsible to the company’s owner, Patrick Gaughan, for maximizing the firm’s operating performance. By identifying ways to maximize profits and decrease expenses, Penny works closely with the Controller to analyze financial reports, prepare operating budgets, oversee revenue generation and secure financial longevity for Gaughan Companies. Directly supervising all human resource functions, she has implemented sound policies and procedures for over 100 Gaughan Companies’ professionals, thereby maintaining a healthy, safe and productive work environment, both in the office and in the field.

Gaughan Companies Strengths in Leadership

Overseeing a broad array of responsibilities spanning several departments, Penny consistently demonstrates keen leadership, outstanding management skills and the ability to solve problems. Penny is instrumental in driving the firm to achieve its overall corporate goals though implementation of the company’s vision and close following of our mission statement. The result is consistent achievement of the financial objectives as evidenced by the firms ten percent annual growth over each of the last five years. By executing aggressive business plans, formulating policies, overseeing sound financial practices and strategic marketing, Penny drives the innovative development, growth and corporate governance for Gaughan Companies.

Penny’s History of Success

With over 20 years of experience in Property & Asset Management, Penny has a long history of building solid relationships through exceptional performance coupled with strong management skills. She majored in Business Management at the University of Minnesota. A consummate professional always seeking to improve, Penny holds the CRM, CCAM and AHM designations. Penny has been with Gaughan Companies since 2004. Prior to joining Gaughan Companies Penny spent 10 years as the General Property Manager with a national commercial and residential property management firm. Penny’s continued success at every level has earned her the reputation of being an ethical and passionate business leader with a motivational personality and an objective viewpoint. She is actively involved with multiple local charities and nonprofit organizations.

Since 1969, Gaughan Companies’ vast level of knowledge, experience and innovation has fulfilled all of your commercial real estate needs.

Gaughan Companies Property Management Responsibilities | Our team:

patrickgaughan — Thu, 11 Aug 2011 07:06:51 +0000

Gaughan Companies Property Management Team: Kristen Ives

Kristen Ives: One of our property manager of commercial
properties, Kristen’s primary responsibilities are to maintain over 700,000 square feet of commercial real estate assets, consisting of office, retail and industrial properties in top physical and financial condition.

In addition, Kristen is responsible for developing and maintaining strong, positive Working relationships with tenants, vendors, owners and brokers.

Gaughan Companies Strengths in Property Management

Prior to coming to Gaughan Companies, Kristen was the Senior Commercial Property Manager at Sherman Associates, Inc. overseeing commercial property management operations. She has an extensive background in property management, property accounting and leasing thereby providing her the ability to view real estate assets from all
points of view.

Kristen’s proficiency in financial and real estate management provide her with the skills
to create detailed budgets and the ability to implement and maintain them
within acceptable variance ranges. Kristen utilizes a strong attention to
detail, open communication providing excellent customer service and strong
professional relationships.

Kristen’s History of Success

Kristen has a Bachelor of Science degree in Real Estate from St. Cloud State University. She has received the CCIM (Certified Commercial Investment Member) and CPM
(Certified Property Manager) designations. Kristen has also received her paralegal certificate from the Minnesota Paralegal Institute.

Since 1969, Gaughan Companies’ vast level of knowledge, experience and innovation has fulfilled all of your commercial real estate needs.

Property Management Services | What We Do

patrickgaughan — Sun, 24 Jul 2011 07:38:59 +0000

With property management services as one of our key factions, expansion and growth expected in the coming years.

Its important to point out that we do so much more as a full service company:

•Budgeting and comparison

•Rent forecasting

•Tenant relationships

•Lease renewal negotiations

•Vendor management

•Contract negotiations

•Financial analysis

•Monthly financial reporting

•Insurance review

•Real estate tax monitoring

•Capital improvements

•Preventative maintenance

In order to keep up with our high standards for property managment, we reach high when selecting our employees / team members.

Gaughan Companies received additional accolades. Association management team member Tanya Kenney received a nomination for “Association Property Manager Rookie of the Year.” This nomination is acknowledgement of her skills and strengths in association management.

Property management services isn’t all that we do, check us out.

Property Management | Finding the best

patrickgaughan — Tue, 12 Jul 2011 07:21:52 +0000

Property Management | Finding the best

Gaughan Companies

Relationships matter when it comes to property management.

As we all know, the economy is tough, the main part that matters in overcoming obstacles. A great property management company is; resourceful, working hard, and being proactive. We understand that business is personal.

The cost to a business renting space continues to be a value to the business owner that has the right people working for the best interests. Our staff is held together with exceptional leadership to bring you the value that you expect from a property management company.

Gaughan Companies wins award

patrickgaughan — Wed, 29 Jun 2011 19:55:27 +0000

Forest Lake Times
Date: Thursday, June 16, 2011

The property management team at Gaughan Companies, Forest Lake, has received
a state award. During the annual meeting and vision awards program on Thursday,
June 2, at the International Market Square in Minneapolis, Sterling Oaks II
Homeowners Association, Forest Lake, was a top contender for “Association of the
Year”, The nomination was an acknowledge of the association’s board of
directors, homeowners and professional management by Gaughan Companies. Sterling
Oaks, located on 207th St. N., consists of 25 townhomes built in 2005.

Gaughan Companies received additional accolades. Association management team
member Tanya Kenney received a nomination for “Association Property Manager
Rookie of the Year.” This nomination is acknowledgement of her skills and
strengths in association management.

http://forestlaketimes.com/2011/06/15/gaughan-companies-wins-award/

Sharing and Caring Hands

patrickgaughan — Wed, 29 Jun 2011 19:54:12 +0000

Sharing and Caring Hands was founded in 1985 by Mary Jo Copeland. Sharing and
Caring Hands is an extension of the community to the desperate needs of the poor
and exists as a vehicle for volunteers to commit their time and money towards
making a difference in the lives of others.

Gaughan Companies – John Chirhart spoke as a panelist at the MN Real Estate Journal’s 7th Annual Land Development Conference on May 13, 2011

patrickgaughan — Wed, 29 Jun 2011 19:53:35 +0000

Mr. Chirhart’s topic centered on Development tools for Land Development. The
discussion covered the following topics:

Due Diligence in today’s market, integrating sophisticated Acquisition &
Financing Solutions
The importance of Site Selection, Feasibility Studies & Government
Approvals
Partnering & working with a municipality to get the deal done
Negotiating terms to protect your investment & partnering with
municipalities to reduce risk
How are municipalities driving growth & interest; helping private Land
Owners market & move property
Affordable land development best-practices & systems
Important preliminary work that will save time and dollars

The event was attended by approximately 200 Commercial Real Estate and Legal
Professionals.
Mr. Chirhart is a highly respected Commercial Real Estate
Agent, serving his clients for more than 11 years. He has first hand experience
with managing the development process and is a trusted advisor.

TWIN CITIES’ GAUGHAN COMPANIES: Succeeding in a tough economy

patrickgaughan — Wed, 29 Jun 2011 19:52:09 +0000

Forest Lake, Minn. – based brokerage and commercial property management
business Gaughan Companies has succeeded through 41 years. The company is now
making a big move, joining CORFAC International. The newly renamed Gaughan
Companies/CORFAC International, has a bright future as it brings property
management, brokerage, construction and development services to its clients,
both in and out of the Twin Cities area.

Minnesota Real Estate Journal recently spoke with Patrick Gaughan,
president of the company, about the reasons why his firm is growing when so many
others today are struggling.

Minnesota Real Estate Journal: Let’s start with the latest
news: Why did you decide to form a relationship with CORFAC International?

Patrick Gaughan: Some of our agents were doing work
outside the Twin Cities area. Lou Suski (vice president of sales and leasing
with Gaughan Companies) was representing a tenant with offices in Chicago,
Milwaukee and Atlanta. We were working with some other real estate firms to
assist in that. CORFAC is useful for such relationships. If we want
relationships that are more global, and we want to meet the needs of our clients
who do business on a more global basis, this is an important step to take.

MREJ: What steps have you taken to grow your business
through these bad times? So many companies we speak with are shrinking today
because of the still-challenging economy, but you seem to be growing.

Gaughan: We contemplate that all the time. There are a
couple of reasons. One is the relationships. Sometimes, it’s the commitment of
the team, the people who work in our organization, the brokers. They take their
jobs very seriously. They are there early. They are always focusing on their
clients’ needs. The combination of forming these relationships and focusing on
the hard work seems to be where the success is coming from. When the economy
changed, when it went downhill, it separated the people in this business who are
serious and those who aren’t.

MREJ: Can you tell me about your company, its history and
size?

Gaughan: We have been growing it. We just signed up a new
property management account two weeks ago. Someone else had it. We bid on it and
received it. MREJ: Why were you able to get this account? Gaughan: It was about
the relationship. They had us do some brokerage work for them and they liked
what we did. The other account wasn’t performing well for them. On the brokerage
side we are not big like CBRE, but what we can do is really focus on the client
and customer and get to know them personally. We brought some nice results for
them, and they were very happy. That’s how it started.

MREJ: How long have you been in the real estate
business?

Gaughan: The one thing about a family business is that you
work with it from a very young age. I’ve worked in this business from the time I
was 10 or 11 years old. Then when I got out of college, I went to work for my
father. He passed on when I was in my mid-20s. I’ve been in business ever since.
I took over running the business. He wanted me to own the company. I was the
right person for it. We were talking about it prior to his passing.

MREJ: How important was it to you to keep the family
business going?

Gaughan: You need someone in the family who has the
aptitude for whatever the business is. It comes natural to me, and I really
enjoy it. It also gives me the ability to have a sustainable business. I take
that very seriously, especially for the people who work for the company. I
passed on a lot of dramatic expansion opportunities because I didn’t want to
take on a lot of debt. A lot of companies now are troubled by the high levels of
debt that they have. The word on the street is that the businesses don’t have
the ability to support their brokers the way they used to. I’m talking about the
smaller brokers around. We don’t have that problem.

MREJ: What do you enjoy most about working in commercial
real estate?

Gaughan: The relationships with people. You have to be
able to understand the numbers related to real estate, too, of course. You need
to be able to understand it as a business model, understand the numbers behind
it. On the broker side, it’s about the people and really just working with our
brokers, understanding them as a whole and what their needs are, what their
goals are. If you can help your brokers reach their goals, then they can do the
work they need to do to make sure the clients are happy. That makes for
prosperity and usefulness.

MREJ: What are some of the most difficult challenges of
succeeding in this field?

Gaughan: In a down economy, it’s being resourceful and
working hard, being proactive. Business doesn’t just come to you as it did in a
good economy. You can’t just reach out and grab it.

MREJ: You’re planning to open another office in
Minneapolis, right?

Gaughan: We are planning on another location in
Minneapolis. We’re hoping to open that office in the spring of summer of 2011
here to meet some of the needs for the brokerage side and management side. I
told Lou, “Find us an office.” He is working through the process of gathering
information now.

Gaughan Cos. joins CORFAC International.

patrickgaughan — Wed, 29 Jun 2011 19:27:46 +0000

Minneapolis / St. Paul Business Journal – by RACHEL KERANEN, Staff
Writer

Date: Thursday, March 17, 2011, 1:50pm CDT

Gaughan Cos. has joined CORFAC International, a network of privately-held
commercial real estate firms serving more than 150 markets worldwide.

Affiliating with CORFAC International gives the privately-held Gaughan “the
opportunity to better serve our clients with real estate needs in markets
outside the Twin Cities,” said Lou Suski, Gaughan’s vice
president of sales and leasing.

Patrick Gaughan's Blog

Jeff East Joins Gaughan Companies Commercial Real Estate Brokerage Team

Gaughan Companies Executive Responsibilities | Our Team:

Gaughan Companies Executive Vice President | Penny Yohnk

Gaughan Companies Strengths in Leadership

Penny’s History of Success

Gaughan Companies Property Management Responsibilities | Our team:

Gaughan Companies Property Management Team: Kristen Ives

Gaughan Companies Strengths in Property Management

Kristen’s History of Success

Property Management Services | What We Do

With property management services as one of our key factions, expansion and growth expected in the coming years.

In order to keep up with our high standards for property managment, we reach high when selecting our employees / team members.

Property Management | Finding the best

Property Management | Finding the best

Relationships matter when it comes to property management.

Gaughan Companies wins award

Sharing and Caring Hands

Gaughan Companies – John Chirhart spoke as a panelist at the MN Real Estate Journal’s 7th Annual Land Development Conference on May 13, 2011

TWIN CITIES’ GAUGHAN COMPANIES: Succeeding in a tough economy

Gaughan Cos. joins CORFAC International.

Minneapolis / St. Paul Business Journal – by RACHEL KERANEN, Staff Writer

Minneapolis / St. Paul Business Journal – by RACHEL KERANEN, Staff
Writer