Bruce Rydeen named a Top 2013 Power Broker for Minneapolis

Bruce Rydeen named a Top 2013 Power Broker

Bruce Rydeen - 2013 Top Power Broker - Industrial Sales - Minneapolis MNThe team at APPRO and CERRON is excited to share that Bruce Rydeen has been named a Top 2013 Power Broker! Bruce is a valued leader in our organization and works with clients in all commercial property types, including: industrial, manufacturing, office, retail and land. This particular award is presented to Top Deal Makers in Commercial Real Estate.

Bruce is honored to have received this award specifically for his work in the Industrial category for the Minneapolis market of Minnesota.

Additional information about the Top 2013 Power Broker Awards, can be found via the following links:

Top Commercial Real Estate Firms and Brokers article – Costar


List of 2013 Top Brokers (see Bruce under Top Industrial Leasing Brokers)

Our sincerest gratitude to the Costar Group for recognizing Bruce’s hard work and congratulations to Bruce from the entire team at APPRO & CERRON!

We would love to bring our award winning expertise to your next commercial real estate project. Give our team a call to get started today!

Learn more about the industrial construction process and how our team can help you navigate the process.

Top Five Property Solutions Backpack Tools

Top Five “Property Solutions Backpack” Must Have Tools

We would all agree that having the right tools can make a world of difference. We would like to share some “must haves” for your “Property Solutions Backpack”.

Over the years, what we keep in our property solutions backpack certainly has changed over time. As we transition from pencil and paper to desktop software to cloud-based solutions we take with us on the go. Our team is excited to share a variety of tools you may find helpful to your business as you consider your space needs.

Continue to read to learn more about:

  • Tools we use to get our job done
  • Tools we share with our clients
  • Tools you might want to use to keep your team organized and on track

Property Solutions Backpack by APPRO and CERRON

Whether you are the “freshman” just jumping in, or the “big guy” on campus, these Top Five Tools will be helpful for each of you:

  1. Notebook – new building owners who work with our team receive a 3-ring binder or “notebook” upon completion of a project. Inside, we include warranty information, copies of plans and other details about the building, and how to get in touch with our team. If we didn’t build your building, do you keep all of this information in an easily accessible location? If not, it 
  2. Data – if you are a tenant, owner or landlord, by understanding the details of your property location, you know more about your potential clients, neighbors, and possibly your competition. Did you know you may order a FREE demographics report on your location from our team? We typically pull this report when working on a new real estate listing, but we would be happy to pull a report at any time to help you understand more about your property’s location. Did you know you can also check out an area of interest with an app on your smart phone called “Sitegeist”? It isn’t as detailed as our demographics report, but could get you some of the details you need when exploring a new location.
  3. Checklists – we all make them, and some people live to make them just to see the items checked off. Did you know that we have a “Commercial Building Maintenance” checklist on our website? Also, if you REALLY love checklists, here is one more tip – if you don’t already have the Evernote app on your desktop and/or smartphone, you should! Having your checklists available in the palm of your hand, or accessible on any device, is a true time saver!!
  4. Calculator – Curious to know how to calculate how much space you need? Or, need to figure out just how much a change in rate would impact your purchase power? We offer a Space Calculator and a Mortgage Calculator (found on the main page – left side in tools) on our website to help answer these questions.
  5. Ruler – Every backpack needs a ruler. Do you know how to read a blueprint? Having an architect’s or engineer’s ruler helps to convert scale from say 1/8” or 1/4”. If you would like to request a free scale, email us and let us know if you prefer architectural or engineering style in the comments field.

You might also have interest in these links:

Property Improvement Opportunities

Property Improvements – Tax Savings

Financing Commercial Real Estate 

Financing Checklist

We hope you enjoyed learning about these tools. If you are in need of additional Property Solutions assistance, please don’t hesitate to contact our team – we are here to help!


Top 5 Real Estate Trends to Make You Smile


According to a recent article in the Real Estate Journal, they listed their top five list of things to be thankful for in the new year. Our team thinks that this list is something to smile about, and wanted to share with our readers. So, here you go:

1. The Fed raised the rate – because our economy is strong – so that is what should make you smile.

2. More people – both young and old – want to live in urban downtowns. What was once a ghost town, is now thriving. Yay!

3. Unemployment rates are falling – more people back to work and willing to spend – this is definitely good news for the commercial sector!

4. Multi-family boom – more people are renting, out of choice, not necessity. For developers, this is wonderful news as they continue to create new options.

5. The industrial market is HOT!! – Both of our sister companies APPRO and CERRON have seen evidence of this in Minnesota. Spec buildings under construction is what should be making manufacturers , warehousing businesses and industrial companies smile big.

This was a great article and we are thrilled to share the good news!!

To read the full article in the Real Estate Journal, click HERE.

Want to stay on top of more commercial or industrial real estate trends? Subscribe to our Monthly Newsletter now:


Finding the Right Commercial Building for your Small Business

Searching for the right commercial building for your business can be daunting

Searching for the Right Commercial BuildingFinding the right commercial building for your business is the key! We recently read an article about the importance of finding the right building for your business. Although this article is focused on office space, the overall message is important for any property type. 

According to David Varner, “Things like amenities, column spacing, ratios for egress and plumbing fixtures, and even the quantity of outside air supply can shape good choices for the office-hunting process. The older building stock in desirable urban center areas isn’t always perfectly aligned with contemporary tenant design strategies. This is where the true opportunity is, because unique challenges lead to unique design solutions.”

This is where the team at APPRO and CERRON can help. CERRON can help you to search for that “diamond in the rough” and APPRO can help to design the space to meet your needs!

You may read the full article here: “Finding the Right Building is Key” to learn more about conducting a commercial real estate search to identify the best solution for you and your business.

Or, you may be interested in the following related blog posts:

  • Commercial Office Space
  • Space Planning and Work Environment Design – Architecture Services
  • Commercial Office Design – working with a local design build firm

If you have a Design Build Question, please click on the “ASK” button below to connect to our design team…



Or, click here to work with a broker to help search for that ideal property…



Construction Lending – Good News!

Construction Lending is Booming and that is Good News for us all!

construction lending is booming - go to to build your building today“Construction Lending Booming Again” was an article recently published on by Jennifer LeClaire.

In this article, Greg Winchester explains more on just what is driving this trend…

“Gauging by Trimont Real Estate’s pipeline, the return is real. Trimont is reporting a 12.9% increase over the past 18 months. The company says these numbers reflect an hike in construction activity nationwide,” according to Greg Winchester.

The team at APPRO Development has seen a definite increase in building projects this year with many utilizing financing options that were not available in the past.

According to multiple sources, including the Trimont loan administration monitor, McGraw Hill Construction data, and the Fed’s Beige book, among others, all indicate the same thing – there is an uptick in construction lending and that is good for us all!

You may read the full article here: Construction Lending Booming Again.


Need to discuss options for financing your next construction project?

Our team of experts is here to help guide you through the process. We have worked with a variety of lenders over the years, forging strong relationships and would be happy to recommend a reputable lender for your next construction project. Feel free to call us at 952-469-2171.

Real Estate Leads Economic Improvement through 2015

Real Estate Leads Economic Improvement through 2015 according to NAR

By Jack Matasosky

real estate market trends improvement to 2015 article by APPROA recent news release by the National Association of REALTORS (NAR), summarizes findings by NAR chief economist, Lawrence Yun, indicating economic improvement through 2015.

You may read the full article, “Forecast for Housing and the Economy Suggests Gradual Improvement through 2015”, HERE.

As the residential real estate market tends to lead the industrial/commercial real estate market, this is good news to our ears here at APPRO and CERRON!

Are you considering making a space change for your business? By contacting our team early on in the process, you will find a knowledgeable partner to expertly walk you through all possible options and scenarios, resulting in the best possible solution for your business. To get started, call our team today!

Real Estate Options for Entrepreneurs: South Metro, MN

CERRON Discusses Real Estate Options for Entrepreneurs with Jessie Mommsen, Owner of Threads and Inks

Real estate options for entrepreneurs was a recent discussion point which came up during a conversation with local entrepreneur, client, and vendor, Jessie Mommsen, owner of Threads and Inks, located in Lakeville, MN. We followed up with Mommsen to find out how business is going since the move into their new building.

Here are a few excerpts from our discussion…


Q. Can you tell our readers a little about what prompted you to contact CERRON Commercial Properties?

A. We were (and continue to be) in a growth phase, and purchasing real estate [verses leasing] made sense as a financial component of our overall business plan at the time. We also only had 600 SF of retail space at the time and were in a location that didn’t allow us the type of exposure we needed to reach our target audience.

Q. Why did you choose to work with Bruce Rydeen?

A. This was actually the second time we worked with Bruce. The first time, he helped us to lease office/warehouse space in the Hebert Buildings in the Airlake Industrial Park in Lakeville. At that time, as I started my business, Bruce, and the building owner, Mark Hebert, respected me as a young business owner (I was 23 when I first started out), and that meant a lot to me. When we were ready to move our business, I chose to contact Bruce because of that previous experience; he is a trusted resource. When working with him to purchase our current building, Bruce was considerate of our budget, our timing, and our overall needs.

Q. How has your new space benefited your business?

A. As they say when considering real estate, “location, location, location!” Our new location attracts many more visitors than our previous location. We tripled our retail showroom space, so we are able to show off a lot more of our available products. Our new building has so much natural sunlight, it not only makes it happy in our space, but it allows our clients to see our products under optimal lighting conditions in an upscale environment as compared to our previous location which lent to more of an industrial focus.

Q. What would you tell other entrepreneurs when considering their real estate options?

A. Don’t be afraid to get creative when you consider a new space. Paint and carpet can be changed. Sometimes, walls can be moved. Landscaping can be updated. We had an electrician add power to our building to accommodate our machinery. Also, be sure to complete your homework [or due diligence] when buying a building. Whether we had our own experts, or needed some recommendations, Bruce helped us to navigate the process from showing to purchase agreement to inspections to title work to closing. For young entrepreneurs, don’t think that you are too young to own a building – you need to do what is right for you and your business, and I also recommend that you work with a broker you trust and who will listen to your needs.


About Threads & Inks: Threads and Inks specializes in custom-decorated clothing. Services include embroidery, printed apparel, letter jackets and patches, and more for students, schools, teams, businesses, organizations and individuals.

Location: 20137 Icenic Trail, Lakeville, MN 55044 (This is the north-west corner of Dodd Blvd and Hwy 50, just north of Kwik Trip and McDonalds.)

Building: 5,716 SF on three levels with production and retail on the main level, office on the upper level and additional storage and specialty retail on the lower level

Website: Threads&Inks

Store Hours: Monday – Friday, 9:00 a.m. to 5:00 p.m.

Threads and Inks Quote: “We have worked with the team at CERRON both times we needed a new space. Bruce took the time to listen to our space & budget requirements and helped to identify the ideal property. He helped us navigate the process and made sure we had everything we needed to get the deal done, and now…we LOVE our new location!” Jessie Mommsen, Owner of Threads & Inks, Lakeville, MN

Our entire team appreciates the opportunity to work with each of our clients and we love to hear how the space is working out for them. If you have a space APPRO and/or CERRON has helped you with, please let us know how it is working for you. If you haven’t worked with us, but would like to learn more about how to start, please feel free to email us or call our office. Our knowledgeable & friendly team is available to answer any question(s) you may have (big or small).



What to Look for in Investment Properties

Want to know what to look for in investment properties? This is a great place to start.

what to look for in investment properties information from CERRON Commercial PropertiesLove Real Estate? Thinking about getting into Investment Properties?

Most people know the common formula affectionately known as IRV.

Income = Rate X Value

Income is the net operating income (revenues minus operating expenses and before debt service).

Value is the real estate market value.

Rate is the capitalization rate. When you have a higher cap rate, the lower the value for the same amount of income or conversely, the lower the cap rate, the higher the value. Cap rate also reflects risk. Typically the higher the cap rate, the higher the risk. Lower cap rates come from credit tenants who are perceived as less risky. Cap rates run around 4% to 12% with an average of 8%. For easy figuring many use 10%–$100,000 of income is a $1 million value.

The other part of the equation is not reflected here: what does is cost to borrow. If interest rates remain low (as they are predicted to do), then the cost of borrowing will stay low and allow for greater property values that still provide a desirable rate of return. Some investors have recently enjoyed 5 year money for as little as 3% interest. When you can leverage your money, you can make more money, but it is also more risky. I suggest you talk to your banker before looking to buy to find out how much you could borrow and at what terms that work for you. If you don’t have a banker, we can provide several professional contacts we have enjoyed working with over the years.

Other things to look for:

  • quality of the tenants
  • length of the term of the leases in place and renewal terms
  • vacancy (and vacancy allowance)
  • quality of the building, grounds and parking lot
  • condition of HVAC
  • condition of the roof
  • responsibilities of landlord/tenant in the lease
  • property management
  • operating expenses—are they in line?
  • real estate taxes –property tax detail
  • location –ease of access, lit intersection
  • potential changes in roadways or development-contact the city
  • zoning code and allowable uses
  • potential reuse
  • parking stalls—parking ratio
  • visibility
  • signage

The good news is that anyone can be a real estate investor. The key is to have good people to help you with your property: banker, property manager, commercial real estate agent, contractor, accountant and real estate attorney. The APPRO/CERRON team can help with leases, sales, acquisitions, management, market/proforma analysis, architectural design, and construction. We have contacts to cover the other areas to fit your project. Take their professional advice, use common sense and follow the golden rule of real estate: don’t fall in love with it. When it is time to sell, sell.

<em>The information contained on this website and from any communication related to this website is for information purposes only. As with all financial matters, consult your tax, legal or accounting professionals to discuss how investment decisions may impact your specific circumstances.</em>

Lakeville High School Career Jamboree (2013)

Lakeville High School Career Jamboree (2013) – Lakeville Community Event

Casie Radford and Kris Bockelman at the 2013 Lakeville High School Career Jamboree

The 2013 Lakeville High School Career Jamboree was a very exciting and well attended event! Three (3) team members from APPRO and CERRON were able to attend the event held on on Monday, November 4, 2013:

  • Casie Radford, APPRO’s architect
  • Kris Bockelman, CERRON’s Commercial Administration Assistant
  • Andrea Kaderlik, Marketing Coordinator for both APPRO and CERRON

Representing both APPRO and CERRON, these team members spoke to many of the 850 Lakeville High School (North and South) juniors who were invited to this event between 2:30 p.m. until 4:30 p.m. While meeting with the students, we had the opportunity to discuss careers in each of our respective fields of design and architecture, commercial real estate and administration, and sales and marketing.

The students asked many thoughtful questions and hopefully learned about opportunities in the commercial real estate, design, architecture and construction services fields. Many students were surprised to find out the amount of years required to obtain an architectural degree and subsequent license upon visiting with Casie. Students were also curious to find out what a typical day in commercial real estate administration or of a marketer may look like, should they choose to pursue a career in these areas of interest.

Our two sister companies, APPRO and CERRON, were joined by approximately 70 other area businesses including: agriculture, food and natural resources, arts, communication and information systems, business management and administration, engineering, manufacturing and technology, health sciences technology and human services. It was a full house indeed!

The entire team at APPRO Development and CERRON Commercial Properties, is thrilled to be a part of the Lakeville community and to volunteer our time for events like this. We were very encouraged and highly optimistic about the future of our community as a result of conversations with the students with whom we met this week!

Feel free to read more articles about our commitment to and involvement in our local community in the “Community” section of our Blog Page. You may also see the handout we shared with students: 2013 – career jamboree handout-full page. We are grateful to Lakeville (North and South) High School and the Lakeville Area Chamber of Commerce for the opportunity to be a part of this fun day! Thank you!