Commercial Real Estate Power List: the Most Influential Men and Women in the Profession Who Find Businesses a Home
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COMMERCIAL REAL ESTATE POWER LIST: THE MOST INFLUENTIAL MEN AND WOMEN IN THE PROFESSION WHO FIND BUSINESSES A HOME. INVESTING ELEVATED TAX ADVANTAGED REAL ESTATE INVESTMENT FUND (877) 424-8282 | galenafund.com Your Commercial Experts We know commercial. That’s why we built the largest commercial team in Idaho dedicated to supporting your unique needs. By choosing our team of experts at TitleOne Commercial, you can close with condence. Contact Ken Hunter We make commercial transactions seamless. 208.724.8286 | [email protected] LISA BLOSSMAN • group publisher [email protected] • 504-293-9226 CINDY SUFFA • publisher [email protected] • 208-639-3517 KIM BURGESS • editor [email protected] • 208-639-3518 SHARON FISHER • managing editor [email protected] • 208-639-3524 n INTRODUCTION ......................... 3 Bill Beck ............................................9 RICK BENEDICT • web editor n [email protected] • 414-225-1828 POWER 25 LIST Andrew Boespflug .............................9 AUTUMN KERSEY • multimedia sales executive Tommy Ahlquist .................................4 John Brunelle ..................................10 [email protected] • 208-639-3519 JEANETTE TROMPCZYNSKI • multimedia sales David Wali .........................................4 Wayne Hammon ..............................10 executive [email protected] • 208-639-3526 Clay Carley ........................................5 Michael Hormaechea .......................10 LAURA CLEMENTS • administrative assistant Skip Oppenheimer .............................5 [email protected] • 208-639-3528 Wes Jost .........................................10 Michael Ballantyne ............................6 MICHAEL BERTANI • ad designer Natalie Lemas Hernandez ................11 JACKIE ROYDS • graphic designer Bob Van Allen ....................................6 Chris Meyer .....................................11 FOR ADVERTISING RATES OR COPIES OF TOP LeAnn Hume .....................................7 PROJECTS 2020, CONTACT: 4696 W. Overland Road, Suite 180 Sara Shropshire ..............................11 Boise, ID 83705 Phone 208-336-3768 Steve Di Lucca ..................................7 Fax 208-336-5534 Bill Truax .........................................11 [email protected] Brent Wilson ......................................8 Contents copyrighted 2020 by Idaho Business Geoffrey Wardle ...............................12 Review. All rights reserved. Lew Manglos .....................................8 Kathryn Almberg ...............................9 Randy Waters ..................................12 Travis Barney ....................................9 Benjamin Widmyer ..........................12 Idaho Business Review Power 25 Commercial Real Estate — Letter from the Editor ower — it’s an ineffable considered each one and produced a list of the Top 10 power quality with a number of players in Idaho commercial real estate. The rest of the 25 P facets, including reputa- profiles are presented in alphabetical order. tion, influence, clout and charisma. Our Power 25 honorees have made their mark on Idaho — This publication marks the first literally. Their hard work is evident in the skylines of Boise, in a series that looks at some of Meridian, Eagle, Kuna, Nampa, Twin Falls, Idaho Falls, Coeur Idaho’s most powerful profession- d’Alene and other communities. While some honorees are als. Each publication in the series developers of commercial buildings, others are behind the will focus on a different indus- financing or renting of those properties. try, and we are kicking it off with As you read through the profiles, take note of the variety commercial real estate, a booming of expertise represented. Let us know what you think of our sector amid the state’s record growth. choices and rationale. The 25 individuals profiled in these pages come from And stay tuned for our next Power 25 list coming in November. around the state and represent a wide variety of firms, but they are united by a common commitment to excellence. Kim Burgess With a group as talented as this, it is tough to come up Editor with rankings, but the Idaho Business Review staff carefully Idaho Business Review COMMERCIAL REAL ESTATE | Power 25 3 POWER 25 1. TOMMY AHLQUIST In 2005, Dr. Tommy Ahlquist, who started out as a physician, founded Ahlquist Ventures to develop and manage real estate in Idaho. After a stint as COO of the Gardner Company, he later partnered with the CEO of Ball Ventures, Cortney Liddiard, to form Ball Ventures Ahlquist, a medical and commercial real estate development company working in cities around the state. In the years since, the importance of the company’s work has only grown. “Our team is committed to creating partnerships and spaces through com- mercial real estate that inspire and provide value to companies and communi- ties,” Ahlquist said in an emailed statement. “Our projects like Ten Mile Cross- ing, Eagle View Landing, Pioneer Crossing and others provide an opportunity for us to create places of industry that help people.” Ahlquist attributes BVA’s success to its distinctive culture. “BVA’s culture is not for everyone, but the professionals who work for our company are commit- ted to working with ‘kerosene in their veins,’” he said. “We do not meet chal- lenges with negative energy. Instead, we attack challenges with optimism and look for opportunities.” 2. DAVID WALI David Wali has a keen eye for something that flies under people’s radar. “I fixate on parking lots,” he said. Wali works as a development partner in Idaho for Gardner Company, a Utah- based real estate company, and as part of that work, he seeks opportunities to convert parking lots into buildings that serve the community. “There’s a significant difference to a building as opposed to a parking lot,” he said, citing the tax revenue that building owners pay, which is based on the building’s value. By contrast, a parking lot is worth no more than the dirt it’s built on. In one instance, Gardner Company developed two surface parking lots in Boise’s downtown into retail, office and convention space. Currently, it is con- structing a 236-unit apartment building where a 50-year old, 400-space park- ing lot used to be. The land belongs to the Harry W. Morrison Foundation, so Gardner Company will lease the ground, and the proceeds will go toward the foundation’s charitable causes. “It’ll add benefits to the foundation, tax benefits to the community and hous- ing, which is much needed,” Wali said. The new complex is slated for comple- tion in June 2021. 4 Power 25 | COMMERCIAL REAL ESTATE POWER 25 3. CLAY CARLEY Old Boise is more than a historic legacy, but a family one, too. Around 1975, Clay Carley’s mother began to “rent, preserve and renovate” decades-old buildings near Main and 6th Street in downtown Boise. In the early 2000s, the torch was passed to Carley, and he has managed Old Boise for 18 years since. What began as a neighborhood master plan designed with condominiums in mind became a project determined to make downtown a place for everyone in the city. Carley wants to see the neighborhood of Old Boise become an “excep- tional blend of architectural interest, tree canopy with a natural environment and a mix of uses and mix of income.” To make this vision come to life, Carley explained that Old Boise is working to develop affordable housing in downtown for people who otherwise couldn’t afford to live in the heart of the city. “I want to increase economic activity just by bringing in new residents and new business,” Carley said. “Each project brings with it commercial activity and residential activity, so that just makes for a more vibrant downtown. Sec- ondly, though, I hope that by providing affordable housing, it informs other property owners downtown to consider doing the same thing.” Carley works for Old Boise with long-term perspective in mind, always thinking about what will keep the neighborhood running smoothly for the fore- seeable future. His mission is rooted in the betterment of Boise in past preser- vation and future perception. 4. SKIP OPPENHEIMER Skip Oppenheimer — together with his brother Doug, a partnership span- ning over 40 years — developed a dynamic, do-it-all business in Oppenheimer Companies, which works across diverse markets from food services to real estate investment. The brothers worked together to develop One Capital Center and the Wells Fargo Building in Boise, The Broadway in Idaho Falls, projects in downtown Caldwell and more. Today, the Oppenheimer Companies includes food ser- vices products and distribution; retail food products; logistics throughout North America; commercial real estate investment and development and property management. “(Hopefully, I) play some small role in providing some contribution to making this a really good place and an even better place to live,” Oppenheimer said. Outside of development, one of Oppenheimer’s passions is education. Roughly 12 years ago, he became the founding chairman of Idaho Business for Education. The organization joins over 220 companies from the state, includ- ing gold trustee Oppenheimer Companies, all of whom have similar goals for improving the future for Idaho’s kids and the quality of the state’s workforce. Oppenheimer has also worked closely with the Greater Boise Area Chamber of Commerce, is part of the board for the Federal Reserve Bank of San Francis- co and serves on the board for The Nature Conservancy,