The Utah Chapter of CCIM has named five third-generation Woodburys — Rick, Randy, Jeff, Lynn and Guy — as its Excellence Awards Hall of Fame award recipients for 2023. Held annually, the awards honor professionals within Utah’s commercial real estate industry “who exemplify the highest degree of business excellence,” the organization said. CCIM will honor the Woodburys and announce its other Excellence Awards winners at an event held at the Grand America Hotel in Salt Lake City on May 6.
CCIM Excellence Awards recognize individuals spanning 12 different categories within the commercial real estate 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, according to a CCIM release.
The CCIM designation, or Certified Commercial Investment Member, is a commercial real estate certification that requires more than 100 hours of training and considerable investment, the release said.
Founded by F. Orin Woodbury in 1919, Woodbury Corp. is a Utah-based, fourth-generation family-run business that manages and develops real estate projects throughout the Intermountain West. F. Orin Woodbury’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 are this year’s Hall of Fame award recipients. Under the leadership of Rick, Randy, Jeff, Lynn and Guy Woodbury, privately held Woodbury Corp. 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,” said Katie Wilking Clinard, Utah CCIM chapter president. “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 Orin Woodbury in 2012 and received on his behalf by his son Orin and grandson Randy.
In 2019, Woodbury Corp. celebrated its 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.