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January 30, 2008
VICTOR! (Part 2)

Don't miss LandAmerica's upcoming Going Global event.  More info here.  Feb. 6, 7:30am, Capital Hilton. Bisnow will be there!


Victor MacFarlane knows how to draw a crowd.  Although he might prefer to pack us into soccer games with that great DC United team he owns, he's the true star player, as he showed at our power breakfast yesterday before a sellout crowd at the City Club.  A guy of modest Ohio beginnings, who described a life that's taken him to many cities around the world, he's ended up adopting Washington as his second home.  And what a story he told about pioneering urban development after the '92 LA race riots.  Most investors looked at that sector as pure charity and said to him:  "Try not to lose our money."  Instead, he proved it a huge investment opportunity and now runs funds with assets of $20 billion.


Oh, yes, and Superman (right) has five kids, a law degree and MBA, and six years ago had a liver transplant.  With him, Group Goetz Architects' founder Louis Goetz and general counsel Thomas Hart.  Those who were still a little groggy as they took their seats got wakened quickly as Thomas had the crowd doing responsive chanting to welcome this new hometown favorite.  (By the way, GGA's own plans for global domination continue with the opening of a Hong Kong office; Lewis told us he's already mentally preparing himself for 18 hour flights.)


Victor greets some our other breakfast regulars and local powers : LandAmerica's regional head Chris Naughten, Jones Lang's Steve Levin, LandAm's Candace Chazen, Reznick's Jim Martinko, and Arnold & Porter real estate practice head Gary Humes. Chris told us LandAm's Sally Webb worked on the title insurance for the JBGs Urban portfolio, a JBG joint venture with MacFarlane that's developing over 90 properties here.


Ballard Spahr's Jenelle Dennis, Arnold & Porter's Andria Boateng, Allied Telecom's Ray Traylor, A & P's Shannon Davis and Robert Brown, and Jones Lang's Kathy Allgier.


Though Victor says he prefers putting a DC United soccer stadium in the District so as to take advantage of the central location and assist in the area's economic development, he said the team is not only being courted by other jurisdictions, but that the team (by necessity) is actively pursuing those opportunities.  Victor sees some bumps ahead in the local real estate economy this year, but feels the longer-term horizon is terrific and plans to remain aggressive in raising and deploying funds for investment.


Team Turner:  Big-scale construction guys Mike Bolotin, Todd Hansen, and Joel Causey.  Turner is acting as owners' agent for the new ballpark and, as such, Joel is pleased to report the project is on time and on budget.  They're currently in the punch-list stage which means the players are ready to move in.  In April, the stadium will get an official blessing when Pope Benedict delivers Mass from centerfield.  Mike, Turner Special Projects' ace, tells us he just finished up the Embassy of Singapore and is looking forward to a spring trip to Bulgaria for a college buddy's wedding.


Washington Redskins "president of business operations" Dennis Greene (new title for Dennis-congrats) and John Schlieman with Lewis Scully Gionet's Mark Gionet, and Davis Carter Scott's Robert Atkinson. It sounds like DCS should set up a satellite office in Alexandria's Potomac Yard:  It's working on plans for four Meridian office/retail buildings at National Gateway and two buildings at "Land Bay E West," and its site plan was recently approved by Arlington County for a 690-unit two-building apartment complex developed by Archstone Smith on Land Bay D.

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