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Silicon Valley Construction and Development Outlook: Insights and Strategies

Navigating Construction Challenges, Regulations, and Development Strategies Amidst Market Volatility

Razmig Boladian

Razmig Boladian

Managing Partner

Rubicon Point Partners

Danny Murtagh

Danny Murtagh

VP

Boston Properties

Michael Van Every

Michael Van Every

President & CEO - West Coast

Republic Urban Properties

Cynthia NeSmith-Montanez
Moderator

Cynthia NeSmith-Montanez

Senior Director, Northern California

MGAC

Razmig Boladian

Managing Partner

Rubicon Point Partners

Razmig co-manages RPP and is specifically responsible for asset management and capital markets. Prior to RPP, Razmig, a serial entrepreneur, co-founded several companies and practices, including Roland Berger Strategy Consultants’ Middle East practice and served as Partner and Saudi Arabian Country Manager. Within six years, Roland Berger was ranked one of the top five consulting firms in the Middle East, managing over fifty consultants. Razmig started his career at Booz & Co. and Deloitte Consulting.

Razmig is a graduate of American University of Beirut, Carnegie Mellon University, and Harvard University.

Danny Murtagh

VP

Boston Properties

Through hard work and diligence, my objective is to learn every day, improve every day, help build lasting business relationships, add value and help others be successful in their businesses and careers. Work in commercial real estate in a position that offers the challenge to develop, acquire, operate, maintain, repair, modernize and improve the sustainable areas of the built environment. Provide long range value through thoughtful planning, implementation and execution of the day’s work. Employers deserve this level of commitment from their investment in its employee's, and it is what makes companies fundamentally succeed. Your work should be your resume and it should speak to the success of the business as well.

Specialties: I have extensive experience in facility operations, maintenance, repair and construction as well as operating & capital improvement projects, bidding and execution of construction projects. I have performed multiple due diligence exercises for acquisition and disposition. I have an eye on sustainability and the USGBC LEED goals and objectives, processes and projects. I also have experience in labor negotiations and contracts.

Michael Van Every

President & CEO - West Coast

Republic Urban Properties

Michael Van Every is the President and Managing Partner of Republic Urban Properties, the Bay Area flagship of the Republic Family of Companies. Mr. Van Every works with Federal, State, and Local governments on the creation and development of ‘smart growth’ projects, such as master-planned communities near transportation hubs; urban mixed-use projects near major employment centers; and innovative, public-private partnerships. The Republic Family of Companies is known for developing institutional-quality real estate throughout the United States, from land development, to historic adaptive reuse, to shopping malls.

In his 25 years of working experience representing major institutional and private real estate developers in the greater Bay Area, Van Every has earned the reputation as a man with the leadership, the knowledge, the experience, and tenacity to see complicated projects through from land acquisition to completion. Under Van Every’s leadership, RUP has gained national attention for its Transit Oriented Development (TOD) projects at key transit stations working as the premier public-private partner with many transit authorities across California.

Since 2006, as the managing partner of RUP, Van Every has been involved with the planning, financing, construction, and delivery of 1,238 multifamily units and 145,000 square feet of mixed-use commercial space. In addition to the multifamily pipeline, RUP has approximately 380 hotels rooms, 151,000 square feet of office, and 120,000 square feet of retail in various stages of development. The estimated market value among projects is projected at $1.5 billion in value.

A third-generation San Jose native, Van Every holds a Bachelor of Arts degree in Journalism from California State University at Fresno. Van Every is an active member of San Jose Rotary Club as well as the Silicon Valley Leadership Group. He also serves as a Board Member on Santa Clara County Catholic Charities. Michael is married and lives with his wife Jennifer and Jacob in the Willow Glen Neighborhood of San Jose.

Cynthia NeSmith-Montanez

Moderator

MGAC

Cynthia NeSmith-Montanez, a Senior Director in MGAC’s San Francisco office, has over 37 years of experience working on a wide variety of projects, from small tenant improvements to multi-building projects. She has worked on teams big and small for medical office buildings, hospitals, biotech facilities, corporate campuses, hotel renovations, and financial institutions. Cynthia brings deep knowledge of the industry, combining practical knowledge and theoretical understanding developed from her time in both owner’s representation and as a general contractor.

2024 SV Housing Market Outlook: Building the Region's Future

Learn What, Where, and How Today's Leading Executives Are Building the Region's Multifamily and Affordable Housing

Doug McDonald

Doug McDonald

President and CEO

SummerHill Apartment Communities

Jeff Smith

Jeff Smith

Director, Residential Development

Sares Regis Group of Northern California

Erik Hayden

Erik Hayden

Founder

Urban Catalyst

Curtis Wong

Curtis Wong

Founder & CEO

Cloud Apartments

TJ Burke
Moderator

TJ Burke

Manager

CBIZ SLD

Doug McDonald

President and CEO

SummerHill Apartment Communities

Doug is directly responsible for Land Acquisition, Entitlements, Design and Construction, Asset Management, Asset Disposition, and Finance. Doug has been with SummerHill since 2001. Before assuming his current role as President of SummerHill Apartment Communities, Doug held the COO and CFO roles for SummerHill Apartment Communities and the CFO role for SummerHill Homes. As CFO he secured nearly $2.5 Billion in project level construction debt and equity capital. Prior to joining SummerHill Homes, Doug was Manager of Strategy and Business Architecture for Accenture in San Francisco. Doug was also Division Controller – Carolinas for Pulte Homes and Supervising Senior Accountant for KPMG Peat Marwick, both of Charlotte, North Carolina. Doug is a former certified public accountant. He holds a Bachelor of Science degree in Business Administration – Finance and a Master of Accounting degree from the University of North Carolina at Chapel Hill. Doug also holds a Master of Business Administration degree from the University of Michigan – Stephen M. Ross School of Business, where he graduated with distinction and received the annual Innovation Award. Doug is a member of the NAHB Multifamily Leadership Board and is involved with various other industry and charitable organizations.

Jeff Smith

Director, Residential Development

Sares Regis Group of Northern California

Jeff Smith joined Sares Regis in 1998. Jeff serves as Project Executive for major residential development projects, overseeing feasibility, entitlements, financing, design, construction, marketing, and sell-out/lease-up. He is a member of the Senior Management Team for the Residential Division.

Erik Hayden

Founder

Urban Catalyst

Responsible for developing more than $3.5 billion in real estate projects, including over 2,300 residential units in the California Bay Area, Hayden has experience in acquisition, contract negotiation, due diligence, risk assessment, financing, construction, and disposition of multifamily, single family and large mixed-use and master planned developments. He maintains relationships with a broad network of property owners, enabling him to identify and acquire prime investments. Hayden also has expertise navigating projects through the entitlement process by working with elected officials, community groups, and political organizations to gain support and get projects approved.

Curtis Wong

Founder & CEO

Cloud Apartments

Wong, the Cloud Apartments CEO, is a former engineer for SpaceX and worked on the spacecraft company's launch pads. He hopes to bring the innovative approach at SpaceX to his new company. “We see ourselves as a product company and a technology company,” Wong stated on his LinkedIn page

TJ Burke

Moderator

CBIZ SLD

Formerly Shea Labagh Dobberstein, CBIZ SLD has been a premier provider tax, audit, and accounting services to commercial construction and multifamily real estate clients in the Bay Area for more than 75 years.

Opening Remarks by the City of San Jose

Tackling Market Challenges and Strategies for Elevating Silicon Valley's Real Estate Market and Economy

Nanci Klein

Nanci Klein

Director of Economic Development & Real Estate

City of San Jose

Nanci Klein

Director of Economic Development & Real Estate

City of San Jose

Nanci Klein is responsible for cultivating and maintaining significant relationships with the world’s top global companies that have a presence in San Jose.

She’s steered some of city’s most complex economic development projects and negotiations, such as the retention and expansion of eBay, NanoSolar, Cisco, SunPower and Hitachi.

What You'll Learn At This Conference

What You'll Learn From This Commercial Real Estate Event:

  • Explore the effects of the increasingly prevalent hybrid work model adopted by numerous tech companies on the overall market conditions of Silicon Valley.

  • Gain insight into the commercial property types that are currently capturing the most attention from investors in Silicon Valley.

  • In the evolving demographics of Silicon Valley, understand how changes in population age, income distribution and cultural diversity are influencing the demand for various property types, encompassing single-family homes, multifamily complexes and mixed-use developments.

  • Examine the impact of recent shifts in interest rates and borrowing costs on the capital challenges confronted by investors in the Silicon Valley real estate market.

  • Delve into the dynamic housing market in Silicon Valley, where a multitude of new developments are unfolding. Explore the ongoing investment and development activities in housing, spanning from multifamily to affordable housing.

  • Analyze national trends and their repercussions on the Silicon Valley market.

  • Explore the strategies employed by leading owners and developers to create an enhanced living, working and recreational experience for individuals in Silicon Valley.

How You'll Do More Business From Attending This Summit: As Silicon Valley undergoes a transformative real estate cycle, the future of the market is becoming more promising as financial hurdles begin to ease and population decline has stopped. The region is witnessing a surge in housing developments, accompanied by expected increased leasing activity across industrial, multifamily and retail properties. Join us as we discuss the most exciting projects happening in Silicon Valley, explore current trends and demographic shifts and consider what the future holds for the region's commercial real estate market.

Projects & Deals To Be Discussed: 

Icon and Echo Towers: Together, the firm's two-tower development, dubbed the Icon and Echo, could deliver over 1,000 new homes combined if they are ever built.

555 Gateway Boulevard: Alexandria Real Estate Equities and Boston Properties have a plan to expand a life science complex in South San Francisco by nearly 300,000 square feet.

Who You'll Network With At This Discussion: Owners, developers, investors, brokers, city and government officials, business consultants, architects, engineers, lawyers, accountants and bankers.

Why You Should Attend This Session: Bisnow events bring together the biggest power players in the industry to help you identify opportunities, build your network and expand your business. With the largest audience of commercial real estate professionals in the world, no one knows how to help your business more than we do.

For questions, recommendations, comments or press inquiries please email our event producer, Bora Altunay, at bora.altunay@bisnow.com. To request disability-related accommodations, please contact rachel.sundin@bisnow.com no later than seven business days prior to the event.

Agenda

Time Activity
4:00 PM
5:00 PM
Breakfast & Networking
5:00 PM
5:10 PM
Opening Remarks by the City of San Jose

Tackling Market Challenges and Strategies for Elevating Silicon Valley's Real Estate Market and Economy

5:10 PM
5:55 PM
Silicon Valley Construction and Development Outlook: Insights and Strategies

Navigating Construction Challenges, Regulations, and Development Strategies Amidst Market Volatility

5:55 PM
6:10 PM
Networking Break
6:10 PM
6:55 PM
2024 SV Housing Market Outlook: Building the Region's Future

Learn What, Where, and How Today's Leading Executives Are Building the Region's Multifamily and Affordable Housing

6:55 PM
7:30 PM
Closing Networking

Sponsors

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