Students in the David Eccles School of Business Master of Real Estate (MRED) program have again taken the top prize in the annual Utah Real Estate Challenge.
Two teams of Eccles School students were competition finalists, along with a team from Utah State University. Finalists are invited to present their development plan to a portion of Utah’s commercial real estate community, who then vote on their favorite presentation. The final score also included input from a panel of expert judges, including real estate, construction and finance professionals. The winner is the team with the highest combined score.
Red Stag Development was awarded the top prize for their Legacy Medical Complex development, a proposed office park that will add 90,000 square feet of class A medical office space to Riverton, UT. Located directly adjacent to the Intermountain Healthcare Riverton Hospital campus, the team hopes the new development will fill Riverton’s current need for more medical office space. After presenting an overview of the development, team members Meghan Bond and Archie McDonnel also answered rapid-fire questions from the audience. In the end, Reg Stag was awarded the $20,000 grand prize.
The second place team, Shift Properties, included MRED students Molly Jones and Matt Krambule, who took home $10,000 for their submission. In third place were USU students Alyson Hill, Aubrie Rhines, Tim Bokinsky and Cameron Blakely, representing Link Development. They took home $5,000 for their presentation. Eccles School MRED students also took the top prize in 2017.