Five new members will be inducted into the Minnesota Real Estate Hall of Fame by the Shenehon Center for Real Estate at the University of St. Thomas Opus College of Business. An Oct. 24 ceremony at the university's downtown Minneapolis campus is planned.

Chosen for their "outstanding business performance, high standards of ethics and sense of community," the inductees are:

Leonard Bisanz (1918-2002): As president of Bisanz Brothers Development Co., Bisanz was responsible for developing many of the homes in St. Paul's Highland Park neighborhood.

Helen Brooks: As one of the first female leaders in the Twin Cities real estate community, Brooks paved the way for women in commercial real estate. She started her own business before moving to Towle Real Estate Co., now the Minneapolis office of Cassidy Turley. Brooks was the third woman to obtain the respected SIOR (Society of Industrial and Office Realtors) designation.

Thomas Crowley: A pre-eminent mortgage broker in the Twin Cities, Crowley has directed countless financing projects in the real estate community.

M.A. Mortenson Sr. (1905-1986): After nearly 60 years in the business, Mortenson Construction, which started from humble beginnings around a Richfield kitchen table, has grown to an international enterprise with revenues of more than $2 billion per year.

Kenneth Stensby (1940-2013): Stensby's passion for adventure influenced him personally and professionally. Through strategic leadership, Stensby helped build United Properties, once a small of company of four employees, to a booming enterprise with a net worth of more than $100 million.

The Oct. 24 induction ceremony includes a 5:30 p.m. reception and a 6:30 p.m. program in the auditorium of Schulze Hall at 11th Street and Harmon Place in downtown Minneapolis.

The event is open to the public and the cost is $50. More information can be found here.

Janet Moore covers commercial real estate for the Star Tribune.