Shenehon Center for Real Estate

Research. Education. Outreach.

2017 Inductee: Bernard (Jack) Rice, Jr.


Son of 2011 inductee Bernard Rice, Bernard (Jack) Rice Jr. began his career in real estate after graduating in 1983 from the University of Minnesota. Jack held early roles at Towle, Eberhardt and Dayton – Hudson Corporation. At Dayton – Hudson Jack played a major role in the development of some of the very first Target stores. He was also very involved in the development of company owned property around Southdale Center in Edina. In 1975, he started his own consulting and brokerage called The Rice Company.

Jack has shown a passion for education, being a frequent speaker at the Realtors Institute, the University of Minnesota and trade associations such as NAIOP (National Association of Industrial and Office Parks) and NACORE (National Association of Corporate Real Estate Executives). As colleagues say,

“Jack is an expert at marrying business and civic needs…”

In 1986, Jack was asked to serve as the Executive Director of the Downtown Development Task Force, a group of Minneapolis-area businesses concerned about the future of the city’s downtown. He is also a former board member of the Minnesota affiliates of the Mortgage Bankers Association, Minnesota Land Use Committee and the Urban Council on Mobility. Jack is presently a member of the Real Estate Advisory Boards of The University of Saint Thomas and The University of Minnesota Foundation. Most recently, he assisted the Edina School District in acquiring land for its transportation facility.

The Shenehon Center for Real Estate, the University of St. Thomas, and the real estate community honor Mr. Bernard “Jack” Rice, Jr. as a 2017 inductee into the Minnesota Real Estate Hall of Fame.