Real Estate Project Manager
Resume:
Van Pell
Email: *********@********.***
Address: *** ********* ****
City: Hogansville
State: GA
Zip: 30230
Country: USA
Phone: 706-***-****
Skill Level: Senior
Salary Range: 175
Willing to Relocate
Primary Skills/Experience:
See Resume
Educational Background:
See Resume
Job History / Details:
Van L. Pell
Greater Atlanta Area
www.linkedin.com/in/vanpell
*********@********.***
Operations and Corporate Advisory Executive n Commercial Real Estate
Entrepreneurial, results-oriented operations and corporate advisory executive in the commercial real estate industry. Background includes start-ups, turnarounds, and restructures. Strong track record of creating value with both asset portfolios and operating companies. Served as EVP and Co-COO for The Balcor Company, with $9B in assets under management. M.B.A. from Harvard. Undergraduate degree from Princeton. Core competencies include:
Operations leadership. Served as EVP and COO for Miglin-Beitler, the dominant commercial property management company in Chicago at the time. Provided leadership as the company grew from a base of $2M in revenues and 3M SF under management to $10M and 15M SF in a five-year span. Key player in transitioning MB from a private development company to an institutional management and leasing company.
Corporate advisory services. Thoroughly familiar with the concepts and strategies of tenant advisory, facilities rationalization, agency leasing, property management, investment sales and financing, development, and research. As President of the brand-new Midwest Region at Transwestern Commercial Services, 25% of our revenues came from corporate advisory services.
Project management. Managed hundreds of projects in career. The largest was the financing for the Xerox Centre in Chicago at $350M. The largest project in terms of involvement was the Marina City Renovation in Chicago. In charge of asset management, tenant relations, legal restructuring, and financial management for the renovation of two 65-story condominium towers, an auditorium (The House of Blues Club), and a hotel.
Professional Experience
2005 n 2012 Cobblestone Associates, LLC / Commercial Plastic Composites, Inc. Newnan, Georgia
Chairman / CEO
1. Formed private investment company (Cobblestone) and operating subsidiary (Commercial Plastic Composites) with partners to acquire existing injection molding manufacturer.
2. Created business strategy focused on deck, trim, and other products as a replacement for wood in exterior applications in residential housing.
3. Created capital structure including bank debt, private subordinated debt, preferred stock, and private equity.
4. Moved company to larger facility and added assets to quadruple manufacturing capacity.
5. Diversified customer base and grew company from $700K to $2.2M in annual revenues over three years.
2002 n 2005 Marina City Renovation Joint Venture Partnership Chicago, Illinois
Project Manager
1. Reported directly to joint venture partners: House of Blues Partners and Capital Company of America.
2. In charge of asset management, tenant relations, legal restructuring, and financial management. The complex consists of two high rise corncob-shaped 65-story towers. It also includes a saddle-shaped auditorium building, and a mid-rise hotel building, all contained on a raised platform adjacent to the Chicago River. Completed in 1964 at a cost of $36M, this was Marina Cityis first major renovation in 38 years.
3. The project included 896 residential condominium units, 896 parking spaces, The House of Blues Club, The House of Blues Hotel, the Smith & Wollensky restaurant, a bowling alley, and additional commercial / retail space.
4. Oversaw redevelopment, re-leasing, and resolution of complex code violations and legal problems for the commercial portions of the project.
5. Reopened the bowling alley and secured additional commercial tenants.
6. Renegotiated disputed operating and cost sharing agreement with the condominium association making it possible to maximize value from sale of the hotel, parking garage and other commercial portions of the project as individual investment components.
7. Unlocked the value of the property; the JV successfully liquidated its holdings and recovered its investment.
1997 n 2002 Transwestern Commercial Services Chicago, Illinois
President Midwest Region / Member of National Board of Directors
1. Created successful real estate services company from start-up. Recruited 40+ professionals in highly competitive Chicago market. Led region from ground zero to over $8M in annual revenues.
2. Simultaneously launched service disciplines including commercial property management, leasing brokerage, corporate advisory services, investment brokerage and fee-based development services.
3. Personally responsible for procuring major property management and leasing assignments from institutional owners.
4. Recruited management team and successfully expanded into suburban Detroit market with management, leasing, and development assignments.
1992 n 1997 Miglin-Beitler, Inc. Chicago, Illinois
Executive Vice President / Chief Operating Officer
1. Hired to re-position private development company in midst of commercial real estate recession to a fee-based service company as an institutional management and leasing company.
2. Provided leadership as the company grew from a base of $2M in revenues and 3M SF under management to $10M and 15M SF in a five-year span. MB became the dominant commercial property management company in Chicago at the time.
3. Clients included Teachers Insurance and Annuity Association (TIAA/CREF), Yasuda Life Insurance Company, Nomura Securities, Eastdil, GECC, Principal Financial, and CIGNA among others.
4. Company served as property manager and leasing agent for 10-30 South Wacker Drive, the largest real estate receivership in the history of Illinois.
5. Miglin-Beitler was sold to New York investors after the untimely death of Lee Miglin in 1997.
1990 n 1991 Stein and Company Chicago, Illinois
Chief Financial Officer
1. Hired as CFO to work out development projects during real estate recession.
2. Developed work out strategies for two major assets as well as strategy for repositioning company from private developments to fee-based service company.
3. Stein & Company subsequently merged with Mesirow Financial Services of Chicago.
1985 n 1989 The Balcor Company Skokie, Illinois
Executive Vice President / Co-Chief Operating Officer
1. Recruited by Shearson Lehman Hutton to take over operations after their 1983 acquisition of Balcor.
2. Repositioned company after Tax Reform Act of 1986 eliminated syndication of tax-advantaged real estate.
3. Led a team of seven direct reports including: VP of National Property Management, VP and Chief Financial Officer, VP of Administration, VP of Acquisition, and VP and General Counsel.
4. Created Balcor Development Company profit center developing apartment communities; recruited president.
5. Created Balcor Corporate Development Services build-to-suit profit center; recruited president.
Education
M.B.A. Harvard Business School Boston, Massachusetts
B.S., Aerospace and Mechanical Engineering Princeton University Princeton, New Jersey
Graduated cum laude
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