IAG Commercial Real Estate

Niche Focus on the End-User of Real Estate

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As we celebrate over eight years in business, people sometimes ask me why I left the large company environment to start IAG Commercial.  This is a fair question and there are days where I realize it would have been easier to remain with a large company and it's many resources and strong brand recognition.  These resources and brand recognition definitely allow a person to avoid activities not directly related to revenue production.

The core of our struggle was the inherit conflicts of working for a company that primarily generated revenue from institutional clients that hire the company to manage multiple buildings in multiple cities.  These clients become a primary source of recurring revenue for large commercial real estate service companies.  Throughout our careers, we have experienced times when our end-user clients come in conflict with these institutional relationships.  It is not comfortable within the service companies, as the leasing and managing teams are measured around their ability to "keep or recruit" these new tenants.  

Adversely, our focus is to educate our clients on the market so they make an educated decision they feel good about at the end of the day.  When this decision contradicts the leasing and management teams focus within your own company, it becomes a point of contention internally.  While many of our clients are medium to large companies, they are small in comparison to the revenue generated by these institutional clients.  Recently, I was reminded of the times we were "encouraged" to do what was best for the company vs. what was best for our clients.  From our perspective, the client "always" comes first because without clients, there is no company or end-user division within a larger service company.

In creating IAG Commercial, we wanted to avoid these internal conflicts, much like the legal field manages conflicts so as not to compromise their ability to service an existing client.  We knew it would be harder to pursue new business opportunities without the name recognition of our larger competitors but we felt it was the right thing to do for our clients.  We believe time will prove this out even though each day we have to work hard to create awareness of our company in the marketplace.  Yes, we still lose business pursuits to our larger competitors but our clients appreciate our approach as they utilize our services. 

We certainly appreciate avoiding the internal conflicts between our own companies internal divisions.  We remain true to our focus!  Whether your company is looking for tenant/buyer representation, disposition of facilities, development services or project management, keep us in mind.  We may be smaller than the industry giants, but we are knowledgeable and committed to helping your company make and deliver upon a wise commercial real estate decision.  

 

 

GET TO KNOW OUR TEAM: Jeff LaFavre

We at IAG Commercial Real Estate are a team. We work closely together and support one another in order to provide a comprehensive solution for our clients. We thought you might to know our team a little better.  After all, we are not JUST about work!

 Jeff is a former D1 middle distance runner, which has helped him go the extra mile for our clients. As he describes himself to his children, “I was a poor middle distance DI runner!” These days Jeff enjoys a round of golf with clients, made better with a frozen Snickers around hole #12. He also enjoys being a sports spectator of many sports but especially the Vikings and the MN Gophers basketball team.  Jeff enjoys gaining new clients and tackling complex real estate challenges. He enjoys new relationships and helping people excel in their careers. He especially enjoys  commercial real estate because it involves creatively solving tangible problems for clients.  Throughout the majority of Jeff’s 28 year career, his focus has been working with end-users typically based  in the Midwest.  He has worked  on every continent for these clients to help them find 500-1,000,000 sq. ft. of space. This includes industrial, office, land and some retail space, for our medical and financial related customers. 

On behalf of his clients, he has closed several hundred transactions through the years. For Jeff, the best part is the feeling you receive when a client says “thank you, I could not have solved it without your help!"   He enjoys the feeling of sincerely helping our clients do something that would have been difficult for them to achieve on their own.

Besides sports, he enjoys spending time with his wonderful family, serving on professional association and non-profit  and community boards and being involved with his local church.  He and his wife, Maxine, have two children. Their favorite vacation spot is Hawaii, but they enjoy traveling the world. (Jeff does anyway.  For Max, a beach and sunshine is all she needs!)  Jeff’s vises are ice cubes and graham crackers and if he could be a super hero he would be Flash Gordon. As a former runner he wishes he could move that fast!

Favorite Commercial Real Estate Success Story:

There are many that I have enjoyed along the way.  One of my favorites is representing Ecolab in purchasing the former, approximately 500,000 sq. ft. Cray Research H.Q. in Eagan, MN and then representing Travelers, a number of years later, in selling their 485,000 sq. ft. high-rise St. Paul office building to Ecolab for a new H.Q..  It was a small world kind of thing, separated by at least eleven years.