BARRY MULLEN
Chicago, Illinois 60626
C 773 301 - 4915
*******@***.*** More than 25 years of experience maximizing development potential at every stage of
the real estate process, from identification of new opportunities, to design, financing and
construction oversight, to repositioning and restructuring existing portfolio assets.
Mercy Housing Lakefront Vice President of Real Estate Development
Chicago, IL 10/06 to 02/09
Expanded Mercy Housing Lakefront’s portfolio and introduced new types of affordable
housing to augment the organization’s traditional SRO model.
• Developed new joint ventures in Chicago, the Fox River Valley and Milwaukee, WI
to construct an additional 250 units of supportive and workforce housing.
• Recapitalized and refinanced existing expiring Low Income Housing Tax Credit
projects to revitalize buildings and improve cash flow.
• Completed existing pipeline projects, including the award winning Margot and
PROFESSIONAL
Harold Schiff Residences, on time and on budget.
EXPERIENCE
• Implemented sustainable green technologies in housing products to reduce
long term operating costs.
Cornerstone Residential Group Vice President of Development
Chicago, IL 02/06 to 10/06
Oversaw the development and construction of the largest single-family affordable
housing development in Chicago, IL and a 70-unit devvelopment in Richton Park, IL
• Established new construction processes to expedite construction schedules, secure
supply chain mangement and improve product quality.
• Improved construction methods to minimize construction delays and increase
homeowner satisfaction.
• Introduced an on-line construction management program to clarify homeowner
selections and options, consolidate communications, and manage expectations
Chicago Transit Authority General Manager of Real Estate
Chicago, IL 8/00 to 2/05
Directed the real estate department of the nation’s second largest transit agency
including Property Management, Revenue Properties and Real Estate Services.
• Acquired $40 million in land and air rights for three capital expansion projects.
• Disposed of more than $20 million in surplus property.
• Increased revenue from leasehold properties by more than 300%.
• Initiated and managed the process leading to the consolidation of the operational
and corporate offices into a new headquarters, saving the CTA $7 million annually in
operating expenses.
• Negotiated lease provisions for an additional $6 million dollar savings.
• Directed a staff of 23 professional and clerical employees.
BARRY MULLEN Real Estate Decisions Principal
6809 N. Lakewood Ave. New York, NY, Harrisonburg, VA, Washington, D.C. 5/87 to 8/00
Chicago, Illinois 60626
Established a private consulting practice to guide and assist developers, bankers,
architects, attorneys and non-profit organizations with a variety of real estate
C 773 301 - 4915
development related needs. Client list included the City of New York, Manufacturer’s
*******@***.*** Hanover Trust Bank, Dime Savings Bank, United Auto Workers of New Jersey, The
Enterprise Foundation, Muss Development Corporation and Harrisonburg, Va.
• Conceived and led the $30 million award-winning revitalization of downtown
Harrisonburg, VA, redeveloping eight abandoned buildings into thriving, viable
residential and commercial uses. Developed the initial architectural plans, identified
owners and development team, arranged financing and supervised construction for
each project.
• Provided construction review and oversight services for a $50+ million construction
loan portfolio of single and multi family low-income housing projects.
NYC Division of Real Property Sr. Development Consultant
New York, NY 1/85 to 5/87
Devised and implemented disposition strategies; identified private sector demands
PROFESSIONAL and market opportunities; negotiated with developers for the purchase of air rights and
EXPERIENCE development rights; and increased the technical capabilities of the Division through the
use of computers and specialized planning techniques.
• Negotiated a sale/leaseback of City-owned waterfront property to Glick
Development Affiliates and developed a program for the negotiated sale of
development rights and transferable air rights from City-owned landmark buildings,
streets and infrastructure improvements.
Allee King Rosen & Fleming Director of Urban Design
New York, NY 2/83 to 1/85
Conducted zoning and land-use compliance analysis for this leading environmental
design and planning firm’s residential, commercial and mixed-use projects.
• Integrated environmental mitigation measures with site planning and land-use
evaluations.
• Linked the firm’s economic, transportation and air quality research through the
use of CAD systems and database programs.
Sasaki Associates Project Manager
Watertown, MA 11/78 to 9/80
Promoted to Project Manager for design competitions with this multi-disciplinary
architecture firm.
• Won design competitions for two major residential developments in Georgetown,
D.C. and on New Providence Island, Bahamas.
• Managed the design and construction document phases for an addition to
Tektronix, a computer research and development facility in Lexington, MA.
EDUCATIONAL AA Diploma Planning, London
The Architectural Association,
EXPERIENCE Post Graduate Studies, London
London School of Economics,
M.S. Urban Planning, New York, NY
Columbia University,
B.S. Architecture, Charlottesville, VA
University of Virginia,
BARRY MULLEN
6809 N. Lakewood Ave.
Chicago, Illinois 60626
C 773 301 - 4915
*******@***.***
PORTFOLIO These examples illustrate the advantage of recognizing market opportunities and
adopting a strategic approach to resolving complex real estate issues.
EXCERPTS
1 Financial Square
New York, NY
Built in 1987 near South Street at the intersection of Governeur Slip. The building’s one
million sf bulk was enabled by the use of air rights from the demolished fire station (which
now operates from the building) and retained neo-Renaissance 100 Old Slip, ex-police
station next door to the south.
Negotiated with the developer for the sale of City assets to increase the allowable floor
area. In addition to a cash return of the market value for the transferable development
rights, the City received a new fire station and preserved an historic structure. This was
the first of many transactions completed that allowed the City to market and dispose of
attributable floor area from its infrastructure and landmark buildings, accounting for more
than $50 million dollars in additional revenue.
Photo Credit: Wired New York
567 West Lake Street
Chicago, IL
Built in 2004 at the intersection of W. Lake Street and N. Jefferson Avenue, the 400,000
sf Chicago Transit Authority’s headquarters was constructed to reduce the impact of
leasehold costs on the Authority’s operating budget and consolidate corporate and
operational personnel under one roof.
Identified an early termination option in the CTA’s lease with the Merchandise Mart,
providing an opportunity to take advantage of current favorable real estate market
conditions. Convinced senior management to proceed with a needs assessment, wrote
Photo Credit: Kachoris Altay
the RFP and participated in the selection team for consultants. Managed the consultants
as they completed the needs assessment, designed the optimum work-place floor plate
and determined the best market option for reducing operating costs. The process from
consultant selection to ground breaking was completed in a record 11 months. The
building, which was constructed on schedule, generates over $7 million savings in annual
operating costs.
BARRY MULLEN
6809 N. Lakewood Ave.
Chicago, Illinois 60626
C 773 301 - 4915
*******@***.***
PORTFOLIO Construction of a regional mall, outside of Harrisonburg, VA, decimated the downtown
area with buildings sitting vacant for over a decade. New housing, commercial,
EXCERPTS
institutional and entertainment projects seeded the downtown area and became catalysts
for additional investment and new leasing activity. Three of the nine projects constructed
are shown below.
Denton’s Center
Harrisonburg, VA
Built in 1997 on Court Square in downtown Harrisonburg, VA. The 36,500 sf former
furniture warehouse was converted into a 51-unit residential building pre-leased to James
Madison University for graduate student housing. The ground floor space is also leased
to the University as a satellite office.
Court Square Theater
Harrisonburg, VA
Built in 1997 on Court Square in downtown Harrisonburg, VA. The 250 seat theater
was formerly an auto repair shop in the basement of the only Art-Deco building in
Harrisonburg. To attract visitors to the downtown neighborhood, the theater presented
first-run movies, plays and musical concerts. In addition, the theater was linked with fiber-
optic cable to a new television station allowing public broadcast of special events and
community programming.
The Market Place
Harrisonburg, VA
Built in 1998 on Court Square in downtown Harrisonburg, VA. The former Woolworth’s
was converted into 20,000 sf of new retail area including a microbrewery/restaurant. An
indoor plaza connects the restaurant, retail space and outdoor dining area with a 250 seat
theater space. The project won the 2004 Better Models for Development Award from the
Valley Conservation Council for an “outstanding public-private development project”.
Additional projects included: consolidation of the City’s Health and Human Service
offices into an abandoned bakery building; a new television station; expansion of a senior
housing facility; adaptive reuse of a former uniform manufacturing plant into the local
cable company’s broadcast offices and a satellite campus and computer lab for the local
community college.