When Jon Hempel got his real estate license, he went vertical right away.
His first purchase was a St. Paul office building, and they just kept getting bigger.
His specialty was turning around underperforming commercial buildings, including several downtown Minneapolis office towers, and he launched five startup businesses, including an energy transportation company in the Bakken oil fields of North Dakota.
Hempel died April 5 of brain cancer at age 47.
"Jon always had really high aspirations," said Josh Krsnak, who met Hempel while both were studying for their real estate licenses. "He'd have a vision but wouldn't know how he'd get there. But he knew where he wanted to go."
Hempel wasn't just good with numbers, he could swing a hammer. He helped his dad build the family house and in his early 20s built a cabin on Blue Lake in Zimmerman. He studied economics at Hamline University, helped start the construction division at the Cunningham Group and then worked for the commercial real estate company that's now called NTH.
Krsnak joined Hempel Cos. in 2002, a year after Hempel founded it, and the two were involved in more than 80 commercial properties, including several challenging and complicated ones.
One of their first big acquisitions was the 25-story UBS Plaza in downtown St. Paul, which they bought on the cusp of the recession in 2006. In the years since, they tackled several other high-profile projects, including the former Macy's building in downtown St. Paul, which they recently transformed into a mixed-use building with retail, restaurants and the Minnesota Wild training facility.