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15 Things You Need to Know This Morning

Bisnow Morning Brief Washington DC

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15 Things You Need to Know This Morning
What You Don't Know About
Cliff Mendelson

Title: CEO, Metropolis Capital Finance.
Photo: Recent family visit to alma mater. 
Company: Seven employees; complete $200M-$750M in 15-30 deals annually, throughout the country. 
Job: Raise money in capital markets for clients and for firm’s deals through The Goldstar Group (co-managed with Michael Brodsky).
Memorable project: Financed $500M for Solaris Condominium in Vail, in 2008. 79 ultra-luxury condos, 70k SF of retail, including a Nobu Matsuhisa restaurant, 400 parking spaces, movie theater, bowling alley, and ice skating rink. Lead lender was Bear Stearns, which collapsed a few weeks before deal closing. Scrambled to find last of sizable construction dollars through combo of German bank, NY hedge fund, and developer capital.
Current projects: Acquired property at 14th and U – hope to bring high-end retailer and condos. Also working with Finmarc Management to sell Goldstar’s 85-unit ARC 3409 condo project in Arlington.
Why CRE career: Father was prominent RE lawyer in NYC, so exposed to the business at young age. 
Grew up: Sands Point, part of Port Washington on Long Island.
Current home: Somerset section of Chevy Chase.
Why DC: While living in NYC, sold Shirlington Gateway in Arlington to  Japanese firm six months out of college. Client wanted more in DC and future father-in-law, Stanley Bobb, wanted daughter back home.
School: Syracuse. Also teach graduate structured finance class at Georgetown. 
First job: Condo sales in NYC for Gould Investors.
Job in another life: Since Bruce Springsteen isn't in the cards, an Ari Gold-like Hollywood agent or a Jerry McGuire-like sports agent.
Daily habit: Howard Stern.
Favorite app: 2048.
Favorite movie: Wall Street.
Favorite TV show: Entourage – favorite character is Ari Gold, of course.
Favorite restaurant: Prime 112 (Miami).
Favorite musician and song: Bruce Springsteen - Thunder Road.
Favorite vacation spot: Aspen – family has home there, but only get to go four days a year. Used to ski moguls competitively, but at age 48, happy to “just cruise.”
Guilty pleasure: Catching ride to Aspen on friend’s jet.
Bucket list: Run NYC marathon - almost did it this year but got injured.
10 years from now: Will be playing bongos in E Street Band. (Seen them live 80 times.)
Family: Married to Tammy; four daughters (ages 20, 17, and twins are 11), and 10-week old Maltese.
Hobbies: Skiing and charity work for Charles E. Smith Life Communities and Jewish Foundation for Group Homes, and several others.
Startling fact: Turning 50 in 1.5 years! Had 500 friends at 40th and flew in Springsteen tribute band from Vegas. Hoping to have real thing for 50th. 


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