Hegg Commercial Real Estate traces its roots to a family business founded in 1945 by Peter Ode Hegg, when the firm began as a brokerage focused on farmland sales and residential real estate in South Dakota. In the 1960s, the business expanded into development, later adding commercial properties, property management, and commercial real estate services through Hegg Companies, while hospitality management became another major line of business in 1980. Today, the company's work spans commercial brokerage, development, property management, and hospitality-related projects across the Midwest.