Salt Lake City, UT–April 4, 2023–The Utah Chapter of CCIM today announced that the five third-generation Woodburys—Rick, Randy, Jeff, Lynn and Guy—have been named this year’s Excellence Awards Hall of Fame award recipients. Held annually, the Excellence Awards honors professionals within Utah’s commercial real estate industry who exemplify the highest degree of business excellence. The event recognizes individuals spanning 12 different categories within the industry, the pinnacle award being the Hall of Fame, which highlights an institution or individual that has had a dramatic and valuable impact on the Utah commercial real estate market. The full list of award recipients will be announced at an event held at the Grand America Hotel on Saturday, May 6, 2023. This year’s theme is ‘The Next Generation of Excellence.’
Founded by F. Orin Woodbury in 1919, Woodbury Corporation is a Utah-based, fourth generation family-run business that manages and develops real estate projects throughout the Intermountain West. F. Orin’s two sons, Orin and Wallace, joined the business after getting their university educations. Orin and Wallace’s sons now serve as the third generation of principals for the company, and this year’s Hall of Fame award recipients. Under the leadership of Rick, Randy, Jeff, Lynn and Guy, privately held Woodbury Corporation manages $4 Billion in assets with a portfolio that includes retail, office, hotel and residential projects across 16 states.
“The Woodbury family name is synonymous with ‘real estate’ in the state of Utah, which is a direct result of the impact the organization has had within the community. Though the company has been involved in hundreds of real estate projects throughout the United States, local developments such as University Place in Orem, Falcon Hill in Layton, and The Meadows in American Fork have left a lasting mark along the Wasatch Front. In fact, the inaugural CCIM Hall of Fame award was given posthumously to F. O Woodbury in 2012 and received on his behalf by his son Orin and grandson Randy,” remarked Katie Wilking Clinard, Utah CCIM Chapter President.
Katie further stated, “It’s been reported that typically only 12 percent of family-run businesses make it to the third generation and the number getting past four generations falls to as low as three percent. Having recently made it to the fourth-generation mark makes Woodbury Corporation’s success even more noteworthy and is a living testament to the success of these third-generation stakeholders currently being honored. Congratulations to you all, Rick, Randy, Jeff, Lynn and Guy.”
In 2019, Woodbury Corporation celebrated it’s 100-year anniversary. Though real estate remains the company’s core competency, the business has also diversified in recent years to include Woodbury Capital Funds, a private equity organization, and TopAd Media, a full-service outdoor advertising company.
The CCIM Utah Excellence Awards Chair is Mary Street of Mountain West Commercial Real Estate. Big-D Construction is this year’s marquee event sponsor, and Banterra Bank is the diamond event sponsor. Several scholarships, funded by Price Real Estate, will also be awarded to University of Utah students at the event.
For more information about the Excellence Awards, visit: https://www.utahccimchapter.com/excellence-awards
The Utah CCIM Chapter created the Utah CCIM Excellence Awards, now the premier gathering of business leaders in Utah, to recognize the accomplishments of outstanding men and women who exemplify the highest degree of business excellence in the commercial real estate industry. The CCIM designation, or Certified Commercial Investment Member, is a premier commercial real estate certification that requires 100+ hours of training and considerable investment. Learn more at utahccimchapter.com.