RESCUING MIDSTREAM DEVELOPMENT PROJECTS FROM DISASTER
What are the options when entitlements are in place but funding is not? What's a lender or developer to do when construction has started up, then stopped, and the project now sits gathering dust while decision makers are in flux about the project’s future? How do the municipalities factor into these scenarios? This panel will confront the trials facing developers, their lenders, and the municipalities involved when a partially completed development project stalls out midstream, and will provide innovative solutions to address this misfortune when it arises.
MODERATOR
Fernando Villa, Partner
Pircher, Nichols & Meeks
Fernando Villa specializes in land use, environmental law, local government matters, and real estate dispute resolution. He represents clients in land use entitlement, California Environmental Quality Act (CEQA), and local government law matters involving a broad scope of entitlements for a variety of development projects, including mixed-use, industrial, residential, retail, master-planned, and commercial developments. Mr. Villa also represents clients in federal and state environmental recovery actions. MORE>
PANELISTS
Linda Berry-Morgan, Vice President and Senior Relationship Manager
U.S. Bank
Linda Berry-Morgan is vice president and senior relationship manager for the Commercial Real Estate Division at U.S. Bank. Ms. Berry-Morgan has more than 25 years of experience in banking with a focus on commercial real estate lending of multifamily, industrial, office, retail, and residential tracts across the U.S., as well as loan restructurings and real estate portfolio management on behalf of various banks. MORE>
Con Howe, Managing Director
CityView Los Angeles Fund
Con Howe is the managing director of the CityView Los Angeles Fund, a $150 million investment fund to finance workforce housing in the Los Angeles region. He served as director of planning for the City of Los Angeles from 1992–2005, and was previously executive director of the New York City Planning Department. Mr. Howe holds degrees from Yale and MIT.
Ken Kahan, Principal
California Landmark
Ken Kahan is founder and president of California Landmark, one of the largest private multifamily development companies in West Los Angeles with more than 200 units in predevelopment and 350 units recently completed. He is a frequent speaker on matters pertaining to entitlements, zoning, and multifamily and urban development. Mr. Kahan obtained both his bachelor of arts and juris doctor degrees from UCLA. MORE>
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What are the options when entitlements are in place but funding is not? What's a lender or developer to do when construction has started up, then stopped, and the project now sits gathering dust while decision makers are in flux about the project’s future? How do the municipalities factor into these scenarios? This panel will confront the trials facing developers, their lenders, and the municipalities involved when a partially completed development project stalls out midstream, and will provide innovative solutions to address this misfortune when it arises.
MODERATOR
Fernando Villa, Partner
Pircher, Nichols & Meeks
Fernando Villa specializes in land use, environmental law, local government matters, and real estate dispute resolution. He represents clients in land use entitlement, California Environmental Quality Act (CEQA), and local government law matters involving a broad scope of entitlements for a variety of development projects, including mixed-use, industrial, residential, retail, master-planned, and commercial developments. Mr. Villa also represents clients in federal and state environmental recovery actions. MORE>
PANELISTS
Linda Berry-Morgan, Vice President and Senior Relationship Manager
U.S. Bank
Linda Berry-Morgan is vice president and senior relationship manager for the Commercial Real Estate Division at U.S. Bank. Ms. Berry-Morgan has more than 25 years of experience in banking with a focus on commercial real estate lending of multifamily, industrial, office, retail, and residential tracts across the U.S., as well as loan restructurings and real estate portfolio management on behalf of various banks. MORE>
Con Howe, Managing Director
CityView Los Angeles Fund
Con Howe is the managing director of the CityView Los Angeles Fund, a $150 million investment fund to finance workforce housing in the Los Angeles region. He served as director of planning for the City of Los Angeles from 1992–2005, and was previously executive director of the New York City Planning Department. Mr. Howe holds degrees from Yale and MIT.
Ken Kahan, Principal
California Landmark
Ken Kahan is founder and president of California Landmark, one of the largest private multifamily development companies in West Los Angeles with more than 200 units in predevelopment and 350 units recently completed. He is a frequent speaker on matters pertaining to entitlements, zoning, and multifamily and urban development. Mr. Kahan obtained both his bachelor of arts and juris doctor degrees from UCLA. MORE>
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