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John Comunale

John Comunale

President, Founder, & Managing Partner

Comunale Properties

Celeste Tanner

Celeste Tanner

President & CDO

Confluent Development

John Comunale

President, Founder, & Managing Partner

Comunale Properties

John Comunale is the President, Founder, and Managing Partner of Comunale Properties and its affiliates, Rectangle Investment Management and Sprink Construction, which together make up a vertically integrated real estate investment, development, and construction platform with more than forty assets across six states. John oversees all strategic planning, capital raising and deployment, and asset management functions. Prior to founding the firm, he began his career in investment banking, focusing on the hospitality industry. John holds a BSBA degree in Real Estate from the University of Denver. He is the founder and president of the Comunale Cancer Foundation, a director of NAIOP Colorado, and a member of the Advisory Board for the University of Denver School of Real Estate and Construction Management. Outside of work, John enjoys spending time with his wife and two kids, and is an avid skier and mountain biker.

Celeste Tanner

President & CDO

Confluent Development

Celeste Tanner is the co-founder and chief development officer of Confluent Development. Bringing nearly 20 years of industry experience, she established the full-service real estate investment and development firm to bring a new vision of development within the industry to life. In her role, she steers the firm’s execution across all phases of real estate development, successfully delivering custom and complex projects that create significant value in their respective communities. Since the company’s inception in 2014, Celeste has overseen more than $1.5 billion in development projects across the organization’s diverse portfolio, consisting of more than 100 industrial, office, retail, mixed-use and senior housing development projects. Under Celeste’s guidance, Confluent has delivered award-winning projects and works with some of the country’s most sophisticated clients including Target, FedEx, Starbucks, Mikron Corporation, Vectra Bank, and Charter Communications, among others. In her previous role as director of real estate development at Opus Development Company, Celeste led the real estate project team for its Denver office and played a key role in the ground-up development of more than 5 million square feet of commercial and multi-family space. Celeste holds a B.A. from the University of Colorado at Denver, is an alumnus of the Downtown Denver Partnership Leadership Program, and has been awarded for her outstanding achievements from organizations such as The Denver Business Journal, CREW, NAIOP Colorado and Bisnow. Giving Back in Business and Community Celeste has represented the development industry both locally and nationally through her leadership in NAIOP, where she previously served as the chapter president for Colorado. Currently an executive committee member on NAIOP’s national board, she provides a voice for Colorado’s development industry at the national table. Celeste also contributes her leadership well beyond the industry and into the community. She serves on the board of Wheat Ridge Localworks, where she contributes her industry expertise to help implement the organization’s business and home improvement loan programs, among others, focused on enhancing the city’s economic vitality and neighborhood revitalization. Celeste also represents District I as a member in Renewal Wheat Ridge (RWR), an Urban Renewal Authority committed to improving the visual aesthetics and environmental aspects of Wheat Ridge, meanwhile adhering to the wants and needs of the community.

Summary

  1. What effect has the pandemic had on the construction supply chain?

  2. Which types of industrial assets are flourishing and which are suffering?

  3. What is the outlook for debt and investment sales?

  4. Will companies across the ecosystem - manufacturers and retailers - increase stock levels so as not to be caught short if there are future pandemic waves?

  5. How are distribution centers adapting to increased demand?

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