Best Minds: Disrupting the Urban Doom Loop with Chris Leinberger

October 31, 2024

By Gregg Logan, Managing Director, RCLCO

How Can Cities Avoid the Urban Doom Loop?

In this episode of Conversations with the Best Minds in Real Estate, RCLCO Managing Director, Gregg Logan, sits down with Christopher B. Leinberger — co-founder of Places Platform LLC and RCLCO Alumnus — to discuss Reimagining Cities: Disrupting the Urban Doom Loop, a recently released report from Cushman and Wakefield, in collaboration with Places Platform. The report puts 15 U.S. cities under the microscope to identify the real estate portfolios cities currently have versus what they need, given how much the economy has changed post-pandemic.

“We’re not saying to get out of the office business; we’re just saying build up the residential…people living within 2 miles of work are far more likely to come back to work–the worst thing people have in their life is a commute, that has always been viewed as the worst aspect of modern life. Getting the workers to live closer to their work is going to shore up office occupancy as well. There are all sorts of benefits to balancing the portfolio, but it is a balancing act. It’s not going all the way towards residential.”

– Chris on the continuing role of office in a healthy urban real estate portfolio.

One of the key findings of the study is that the real estate mix in many cities is no longer ideal for them to thrive: specifically, the study finds downtown real estate portfolios are too heavily weighted toward office space which is especially problematic in today’s economy. Chris and Gregg discuss the ramifications of this finding, and the report’s proposed strategies for cities to get back on track.

“We have found that it’s not a public private partnership that’s needed; it’s a private public partnership. All the research we’ve done has shown that every dollar of public money yields ten to 15 dollars of private money… I’m a great believer in both definitions of the Golden Rule, and the second definition is ‘he with the gold rules.’ So, if the private sector is going to bring in $15 for every one dollar of public… you better have the private sector take the lead.”

– Chris on the importance of the private sector when revitalizing downtowns

About Chris Leinberger

Co-Founding Partner and Managing Director Places Platform, LLC; Founding Partner of Arcadia Land Company.

Chris Leinberger is a land use strategist, proptech start-up co-founder, real estate developer, professor, researcher and author. He balances business realities with social and environmental issues. Leinberger was voted one of the “The 100 Most Influential Urbanists” of all time in a poll conducted by Planetizen in 2017.

Mr. Leinberger received a Bachelor of Arts degree from Swarthmore College, where he double majored in Political Science and Urban Sociology, and received an MBA from the Harvard Business School, concentrating in corporate strategic planning.

 

About Gregg Logan

Managing Director, RCLCO

Gregg Logan is a Managing Director at RCLCO, with over 40 years of experience in the industry. His expertise spans residential and commercial real estate, with particular expertise on mixed-use developments and master planned communities that incorporate residential, retail, office, industrial and distribution space.

In addition to his work with RCLCO, Gregg previously worked with a real estate developer as well as served as an adjunct faculty member at several colleges and universities, where he taught courses in Real Estate Development Methods and Real Estate Economics. Gregg’s expertise has been recognized in numerous publications where he has been quoted, and he has been a speaker at many national and regional conferences. Gregg is a graduate of UCLA.

Related Articles

Best Minds: Arturo Sneider

Best Minds: Alliance Global Advisors

Best Minds: Doug Adams & Mayor Shelley Brindle

Best Minds: Special Episode – RCLCO + CEL Compensation Advisors: Talent Management in Today’s Economic Environment

Best Minds: Ellen Dunham-Jones

Best Minds: Alterra Mountain Company

Best Minds: Dan Biederman

Best Minds: Arturo Sneider

September 19, 2024

By Joshua A. Boren, Managing Director, Strategic Initiatives

How can one achieve success while maintaining a focus on community?

In this episode of Conversations with the Best Minds in Real Estate, RCLCO’s Managing Director, Strategic Initiatives, Joshua Boren, sits down with Arturo Sneider, Co-Founder & CEO of Primestor, a minority-owned and led real estate developer and investment firm based in Culver City, CA, to discuss Arturo’s unique path to prominence in the real estate industry, from his childhood in Mexico City, and his early activism work in LA, to the founding of Primestor in 1992.

“It is central to our strategy and to my life’s work that we define profit broadly. To us, the definition of profit is community empowerment. It’s economic vitality to neighborhoods and residents. It’s laying a path for the young generations, and the next generations, to see that you can, in fact, invest in your own community and be an agent of change. And in these polarizing times, I think we’re reminded that if we’re not intentional in raising the tide for all boats, that things don’t normally end well, and it’s just not the right way to think about our society.”

– Arturo on the importance of community in his business

They discuss how Arturo’s background has shaped his career and his work today; how Primestor has grown and evolved over the last three decades; and his best advice for those coming up in the industry now.

“One thing that that I have never known is boredom. I don’t know what that feels like: I would never be able to say that I have a moment of boredom in my life.”

– Arturo on his day-to-day life

About Arturo Sneider

Co-Founder & CEO of Primestor

Arturo Sneider is the founding partner and CEO of Primestor Development, where he is responsible for acquisitions, project inception and design, capital structuring, and corporate management. With a strong focus on underserved communities, Primestor’s diverse portfolio has maintained an approximate ninety-five percent occupancy rate across its dozens of projects. Primestor is currently developing approximately two million square feet of new space, managing nearly 3 million square feet in diverse minority markets, and overseeing a portfolio valued at approximately over $800 million dollars. Since 1990, Mr. Sneider has acquired and transacted dozens of properties and projects in CA, IL, NV, FL, TX and AZ totaling an aggregate cost basis of over one billion dollars. He is a member of YPO, a Board Member/Director of the LA County Capital Asset Leasing Corporation, and a member of the Executive Committee/Trustee of ICSC. Additionally, he has advised the City of LA’s Economic Development Department and served on the City of Los Angeles’ Development Industry Advisory Council. Born in Mexico City, Mr. Sneider resides in Los Angeles.

About Joshua Boren

RCLCO Managing Director, Strategic Initiatives

Joshua A. Boren specializes in leading business development, marketing, and strategic initiatives for various real estate needs and solutions as part of the RCLCO team. With more than 15 years of experience, Joshua specializes in understanding how network building and relationship management is critical to organizational success, which has resulted in millions of dollars of closed engagements. At RCLCO, he has grown the business development and marketing departments, which were recognized by Globe St. in 2019 as “Influencers in Marketing”. Incredibly involved in the global real estate community, Joshua holds membership and leadership positions at Urban Land Institute Los Angeles and Jewish Federation Los Angeles’ Real Estate and Construction Division, among others. Joshua also hosts RCLCO’s monthly Round-Up Webinar Series, which dives into factors in the real estate market, in addition to other RCLCO events and features.

Related Articles

Best Minds: Disrupting the Urban Doom Loop with Chris Leinberger, Co-founder & Managing Director of Places Platform, LLC

Best Minds: Arturo Sneider

Best Minds: Alliance Global Advisors

Best Minds: Doug Adams & Mayor Shelley Brindle

Best Minds: Special Episode – RCLCO + CEL Compensation Advisors: Talent Management in Today’s Economic Environment

Best Minds: Ellen Dunham-Jones

Best Minds: Alterra Mountain Company

Best Minds: Dan Biederman

Best Minds: Alliance Global Advisors

March 19, 2024

By Taylor Mammen, CEO, RCLCO Fund Advisors

Partners with a Problem to Solve: What happens when two long-time friends and colleagues with 20 years of industry experience find a void in the marketplace?

In this episode of Conversations with the Best Minds in Real Estate, Taylor Mammen, CEO of RCLCO Fund Advisors, sits down with Heather Fernstrom Border and Jennifer Stevens, Co-Founders and Managing Partners at Alliance Global Advisors – a women-owned consulting firm focused on developing strategic growth solutions for real asset investment managers. Heather and Jennifer began Alliance in 2020, seeking to be an independent voice for the investment management community.

“What we were witnessing was that the investors and the consultants and the advisors had a very deep perspective, understanding, and amount of resources available to them at all times. But, when those managers needed to solicit advice, there wasn’t a true independent third party team that they could go to for those types of questions.”
– Heather Fernstrom Border on the birth of Alliance Global Advisors

Heather and Jennifer also discuss how their 20 years of industry experience laid the foundation for this new venture, the challenges of launching a new business in April 2020, the power of their partnership in this entrepreneurial venture, and the mentors that have inspired them throughout their careers.

“For me, those were the people who would sit me in front of a boardroom and sit at the back of the boardroom and let me fail or let me just get grilled by a CIO or a board member on public record and then say ‘I have a lot of confidence in how you just handled that situation, here’s what I might have done differently.’”
– Jennifer Stevens on the importance of mentors in her career

About Heather Fernstrom Border

Co-Founder and Managing Partner of Alliance Global Advisors

Heather Fernstrom Border is a versatile, performance-driven, real asset professional building deep Limited Partner and Consultant networks over nearly two decades.

Prior to forming Alliance, Heather was Managing Director for National Real Estate Advisors and held positions with Hunt Investment Management and The Townsend Group. At those firms, she was responsible for assisting institutional clients in developing investment objectives, strategic planning, underwriting investments and capital raising. Heather’s professional experience also includes seventeen years within the private and public real estate sector, where she developed, implemented and led Investor Relations platforms.

Throughout her career, she held memberships at the National Association of Office and Industrial Properties (NAIOP), Pension Real Estate Association (PREA) and Institutional Real Estate, Inc. (IREI) among others.   Heather continues to speak and moderate various panels on industry-wide topics and was recently asked to participate on PREA’s Governance Committee.  In 2022, Heather received the GlobeSt. Women of Influence award and the GlobeSt. Real Estate Forum’s 50 under 40 award.

About Jennifer Stevens

Co-Founder and Managing Partner of Alliance Global Advisors

Jennifer Stevens is an executive-level professional with real asset expertise and extensive knowledge of the General Partner & Limited Partner Universe.

Prior to forming Alliance Global Advisors, Jennifer spent sixteen years with The Townsend Group where she gained experience in institutional portfolio management and consulting, strategic and investment planning, real asset investment underwriting and a specialization in areas including ESG and industry best practice.  Jen was the lead Portfolio Manager for Townsend’s West Coast client base and ran Townsend’s San Francisco office, including certain growth initiatives. She has experience in both portfolio management and underwriting and was responsible for developing and leading Townsend’s ESG efforts.

Jennifer has served as a representative member of the UN PRI, GRESB, PREA, PREA Foundation Diversity Working Group, IREI, WIIN and NCREIF in addition to speaking at numerous educational and industry events. In 2016, Jennifer Stevens received the inaugural GRESB Leadership Award from the U.S. Green Building Council to recognize her efforts in establishing and growing Townsend’s ESG Program.  In 2019, Ms. Stevens was included on Chief Investment Officer’s annual list of the world’s most influential investment consultants. In 2021, Jennifer received the GlobeSt. Women of Influence award. In 2022, Jennifer was elected to the PREA Board of Directors and joined PREA’s Social Impact Committee.

About Taylor Mammen

CEO, RCLCO Fund Advisors (RFA)

Taylor Mammen is Chief Executive Officer of RCLCO Fund Advisors (RFA), which advises institutional investors on all aspects of their complex real estate investment portfolios, from strategy development to underwriting and asset management. Taylor helped pioneer this business beginning in the aftermath of the Global Financial Crisis, when several prominent pension funds turned to RFA with the goal to construct better performing and more resilient real estate portfolios, and has grown it to become a highly respected institutional real estate advisor, working with some of the largest and most dynamic institutional investors in the world. In the process, Taylor and RFA have sourced, underwritten, and overseen investments on behalf of clients well in excess of $10 billion. Taylor leads the firm’s institutional investor client relationships and is responsible for the firm’s growth and development, in addition to serving on the boards of clients’ portfolio companies.

Related Articles

Best Minds: Arturo Sneider

Best Minds: Alliance Global Advisors

Best Minds: Doug Adams & Mayor Shelley Brindle

Best Minds: Special Episode – RCLCO + CEL Compensation Advisors: Talent Management in Today’s Economic Environment

Best Minds: Ellen Dunham-Jones

Best Minds: Alterra Mountain Company

Best Minds: Dan Biederman

Best Minds: Doug Adams & Mayor Shelley Brindle

December 14, 2023

By Joshua Boren, Managing Director, Strategic Initiatives of RCLCO Real Estate Consulting

What happens when the public and private sectors join forces to revitalize an iconic retail anchor and the surrounding downtown?

In this episode of Conversations with the Best Minds in Real Estate, RCLCO’s Managing Director, Strategic Initiatives, Joshua Boren, sits down with Shelley Brindle, Mayor of Westfield, New Jersey and Doug Adams, Senior Vice President, Development at Streetworks Development, to discuss the “One Westfield Place” redevelopment project—an adaptive reuse of a former Lord & Taylor building and its adjacent parking lots—that is poised to create a vibrant mixed-use downtown, with new office, retail, and residential.

“One of the hallmarks of Streetworks is we look – always start with a larger context and how does the property or the project fit into that larger picture.”

– Doug on the importance of local context

They discuss the history and background of the project, the unique challenges and surprising benefits of repurposing large-scale retail into new office space, how the Mayor’s background at HBO as a Executive Vice President, Domestic Network Distribution and Marketing, helped prepare her for the public sector, and how they worked to incorporate resident input throughout the process.

“I would just say to any of your listeners who are developers: don’t be afraid of the public input. It only helps you get people invested in the success of the project and ultimately helps you with approvals.”

– Mayor Brindle on public feedback and collaboration

About Shelley Brindle

Mayor of Westfield, NJ

Shelley Brindle is currently the Mayor of Westfield, NJ, (pop 31k) elected as the first female Mayor in town history in November 2017, unseating a three term incumbent with her vision for transforming and reimagining Westfield’s historic downtown. Previously, she served as Executive Vice President, Domestic Network Distribution and Marketing at HBO where she was responsible for the revenue, marketing, and overall distribution and growth strategy of HBO’s $4.4B domestic subscription business where she oversaw many of HBO’s most important initiatives, including the launch of HBO’s first streaming service.

About Doug Adams

Senior Vice President, Development

Following a passion for real estate Doug Adams followed a path from banking and equity lending to being a developer for the past 25 years. Working for both large and small companies, he has developed an expertise in large scale entitlements and public-private partnerships in most asset classes.

About Joshua Boren

Managing Director, Strategic Initiatives

Joshua A. Boren specializes in leading business development, marketing, and strategic initiatives for various real estate needs and solutions as part of the RCLCO team. With more than 15 years of experience, Joshua specializes in understanding how network building and relationship management is critical to organizational success, which has resulted in millions of dollars of closed engagements. At RCLCO, he has grown the business development and marketing departments, which were recognized by Globe St. in 2019 as “Influencers in Marketing”. Incredibly involved in the global real estate community, Joshua holds membership and leadership positions at Urban Land Institute Los Angeles and Jewish Federation Los Angeles’ Real Estate and Construction Division, among others. Joshua also hosts RCLCO’s monthly Round-Up Webinar Series, which dives into factors in the real estate market, in addition to other RCLCO events and features.

Related Articles

Best Minds: Arturo Sneider

Best Minds: Alliance Global Advisors

Best Minds: Doug Adams & Mayor Shelley Brindle

Best Minds: Special Episode – RCLCO + CEL Compensation Advisors: Talent Management in Today’s Economic Environment

Best Minds: Ellen Dunham-Jones

Best Minds: Alterra Mountain Company

Best Minds: Dan Biederman

Best Minds: Special Episode – RCLCO + CEL Compensation Advisors

November 9, 2023

By Eric Willett, Managing Director; Adam Ducker, CEO, RCLCO; Ellen Klasson, Managing Director; Jim Wright, Managing Director

How can you grow and foster talent within real estate organizations?

RCLCO announced its partnership with CEL Compensation Advisors, LLC to expand and enhance its industry-leading talent management practice, building on the CEL annual Real Estate Compensation & Benefits Survey and its compensation consulting practice.

In this special episode of Conversations with the Best Minds in Real Estate, listen to the recent webinar where leaders of the new partnership, Eric Willett, Adam Ducker, Ellen Klasson, and Jim Wright, discussed challenges real estate companies are facing today regarding talent management, trends in employee and executive compensation, and answered questions from the audience.

 

“…the two top of mind issues for people managing real estate organizations for 2024…will be optimizing NOI at the property level and maximizing talent within the organization.”

– Adam Ducker speaking on the broad consensus of topics raised that management in real estate organization have for the coming year

“The importance of talent development is going to become particularly more acute and it’s really exacerbated by all these shifts in how we work.”

– Eric Willett’s observation on talent expectations

 

View the full webinar and access the slide deck by logging into your RCLCO web portal account, or by filling out the form to the right of the webinar page and following the “watch” link that appears.

About Eric Willett

Managing Director, Management Consulting

Eric Willett is the Managing Director of RCLCO’s management consulting practice. Eric works with a wide variety of market-leading firms throughout the real estate industry to craft and execute organizational strategy, portfolio transformation, and corporate growth initiatives. Eric brings extensive experience in strategic planning and organizational improvement to projects that interface with client teams at all points in the development lifecycle. His collaboration with executive teams has resulted in transformational strategies for real estate companies across all industry sectors and a range of global markets.

More broadly, Eric regularly contributes innovative client-focused research and solutions across industry topics including risk management, alternative investment structures, and evolving consumer demographics. He is a frequent speaker and panelist at industry events and is regularly cited as a commercial real estate expert by national and regional media including The Los Angeles Times, The Wall Street Journal, The New York Times, and others. In addition, Eric is adjunct professor of Business Economics at the University of Southern California Marshall School of Business where he leads a course on commercial real estate strategy.

Eric previously worked as the Director of Research and Thought Leadership at CBRE, where he oversaw the delivery of forward-looking insights spanning all major property sectors. Eric graduated magna cum laude from Yale University with a Bachelor of Arts in Economics.

About Adam Ducker, CEO

Adam Ducker is Chief Executive Officer of RCLCO and oversees the firm’s Real Estate Economics and Management Consulting Practices. Adam joined RCLCO in the mid-1990s as an associate directly after graduate school and learned the trade with the firm. He is a recognized expert in strategic planning for real estate companies, investment analysis, market and financial analysis, and marketing of real estate assets. He has particular depth of expertise in high-density housing, retail/entertainment, and hotel development.

Adam is a member of the Executive Committee of RCLCO, which manages shared resources and oversees overall company strategy. He also sits on the board of the RCLCO Foundation.

Adam is a frequent speaker on topics ranging from place-making, urban redevelopment, retail trends, and in-town housing. His writing has been widely published and quoted in publications such as The New York Times, The Wall Street Journal, Urban Land, Real Assets, among others. He is an active member of the Urban Land Institute (ULI), vice chair of the Redevelopment and Reuse Council, and a board member of the Terwilliger Center for Housing. A native of the New York metropolitan area, Adam received Bachelor’s and Master’s degrees from Columbia University.

About Ellen Klasson

Managing Director, Executive Search

Ellen Klasson is a Managing Director in RCLCO’s Management Consulting practice, working out of the Washington, DC office. Ellen leads executive search engagements for leadership roles at development, investment, and land use companies across all asset classes. Ellen’s consultative nature has enabled her to identify and attract talent for both traditional and nuanced roles, and her deep understanding of the business lends itself to a more analytical approach of a candidate’s viability. Working for twenty years in the real estate industry has allowed Ellen to forge long-lasting relationships with and earn the trust of both clients and candidates.

Before joining RCLCO, Ellen spent five years as a Managing Director at Terra Search Partners, a national boutique executive search firm focused exclusively on the real estate industry. Previously she worked at the Urban Land Institute as the Senior Director of Leadership, overseeing the leadership programs for the organization’s 40,000 members worldwide. Prior to joining ULI, Ellen co-directed CohnReznick’s Real Estate Development Advisory practice, analyzing real estate opportunities for developers and municipalities. She is also a former Vice President of Economic Development at Central Atlanta Progress, where she attracted new investment into Downtown Atlanta. She began her career consulting to developers while a project manager at RCLCO.

Ellen continues to be actively involved with the Urban Land Institute. She is the Past Chair of the Americas of its Women’s Leadership Initiative and now serves as Governance Chair. She is also DEI Chair of the Urban Revitalization Council (Gold Flight) and a Management Committee member of ULI Washington. She volunteers with UrbanPlan, a program for high school and college students that introduces them to the complex trade-offs of real estate development.

Ellen earned a Bachelor of Arts degree from Emory University and a Master of City & Regional Planning from the Georgia Institute of Technology.

About Jim Wright

Managing Director, Compensation Consulting

As Managing Partner – CEL Compensation Advisors, Jim Wright brings over 35 years of experience in all sectors of the real estate industry stemming from an Executive career encompassing engineering, finance, management consulting, financial restructuring, project management, and business development in private and public sector environments.  Mr. Wright has provided insightful and valuable management counsel to corporate CEOs, Senior Management, Boards of Directors, Investors, Advisors and their intermediaries.

Jim has particular expertise and is a nationally known leader in the area of executive compensation program design, plan structuring, market benchmarking, and policy for the real estate industry.  Mr. Wright works with Compensation Committees, Boards of Directors, CEOs and Senior Management on a variety of compensation, performance, management, and governance related issues.  His career has involved assignments with over 300 clients including public/private REITs, national/regional development companies, investment management firms, private equity funds, national/global brokerage/service firms, and advisors in all sectors of commercial and residential real estate.

Jim has proven strategic, analytical, operational, organizational and management skills in creating, directing and implementing successful business solutions to challenging and complex company issues.  Jim has an MBA from Case Western Reserve University; an MA (Economics) from the State University of New York; and a BS from Bradley University.  Jim is the author of articles published in Real Estate Portfolio, Boards & Directors, Real Estate Review, Urban Land, Units, and other real estate publications.

Related Articles

Best Minds: Special Episode – RCLCO + CEL Compensation Advisors: Talent Management in Today’s Economic Environment

Best Minds: Alterra Mountain Company

Best Minds: Ellen Dunham-Jones

September 22, 2023

By Adam Ducker, CEO, RCLCO Real Estate Consulting

How does academia set the course for the future of real estate?

In this episode of Conversations with the Best Minds in Real Estate, RCLCO’s CEO, Adam Ducker, sits down with Ellen Dunham-Jones, a Professor of Architecture at the Georgia Institute of Technology and director of the MS in Urban Design.

An award winning co-author of two books, Case Studies in Retrofitting Suburbia: Urban Design Strategies for Urgent Challenges (2021) and Retrofitting Suburbia: Urban Design Solutions for Redesigning Suburbs, (2009) as well as the podcast host of REDESIGNING CITIES, Ellen gives us academic perspective on what it means to be an urbanist and the future of real estate practitioners.

“The biggest difference between urban planning and urban design is that urban designers draw a lot. Most urban planners in the U.S….do great analytical research, they write papers, they do a lot of community engagement…but it’s not drawing the actual layout of neighborhoods…and really integrating at that larger scale.”

– Ellen on the main difference of urban planning vs. urban design

In addition, the Adam and Ellen discuss retrofitting suburbia and what the suburbs represent in the current real estate market space.

“…the supply of sites that are ripe for some kind of retrofitting just keeps growing.”

– Ellen’s optimistic outlook on re-imagining suburbia

About Ellen Dunham-Jones

Ellen Dunham-Jones is a professor of architecture and directs the MS in Urban Design at the Georgia Institute of Technology.  An authority on sustainable suburban redevelopment, she maintains a unique database of over 2,500 suburban retrofits, hosts the REDESIGNING CITIES podcast series, was Architectural Record’s 2018-19 Woman Educator of the year and was recognized in 2023 and 2017 by Planetizen as one of the 100 most influential urbanists.

She is co-author with June Williamson of two award-winning books: Case Studies in Retrofitting Suburbia: Urban Strategies for Urgent Challenges (Wiley, 2021) received the Place Book of the year award from the Environmental Design Research Association. And Retrofitting Suburbia: Urban Design Solutions for Redesigning Suburbs, (Wiley, 2009, 2011, Mandarin 2013) received a PROSE award as best architecture and planning book of 2009. These books document how successful retrofits of aging shopping centers, strip mall corridors, office parks, etc. are helping their communities disrupt automobile dependence, improve public health, support an aging population, leverage social capital for equity, compete for jobs, and add water and energy resilience. The work has been featured in The New York Times, Harvard Business Review, PBS, NPR, TED and other prominent venues.

She is a Fellow of the Congress for the New Urbanism as well as the Brook Byers Institute of Sustainable Systems, lectures widely, and conducts workshops and research on the many co-benefits of retrofitting – as well as on the potential urban design impacts of autonomous vehicles. She serves on several national committees, has BS and M.Arch degrees from Princeton University, practiced architecture for 20 years, and taught at UVA and MIT before being recruited to direct the Architecture Program at Georgia Tech in 2000.

About Adam Ducker

CEO, RCLCO

Adam Ducker is Chief Executive Officer of RCLCO and oversees the firm’s Real Estate Economics and Management Consulting Practices. Adam joined RCLCO in the mid-1990s as an associate directly after graduate school and learned the trade with the firm. He is a recognized expert in strategic planning for real estate companies, investment analysis, market and financial analysis, and marketing of real estate assets. He has particular depth of expertise in high-density housing, retail/entertainment, and hotel development.

Adam is a member of the Executive Committee of RCLCO, which manages shared resources and oversees overall company strategy. He also sits on the board of the RCLCO Foundation.

Adam is a frequent speaker on topics ranging from place-making, urban redevelopment, retail trends, and in-town housing. His writing has been widely published and quoted in publications such as The New York Times, The Wall Street Journal, Urban Land, Real Assets, among others. He is an active member of the Urban Land Institute (ULI), vice chair of the Redevelopment and Reuse Council, and a board member of the Terwilliger Center for Housing. A native of the New York metropolitan area, Adam received Bachelor’s and Master’s degrees from Columbia University.

Related Articles

Best Minds: Arturo Sneider

Best Minds: Alliance Global Advisors

Best Minds: Doug Adams & Mayor Shelley Brindle

Best Minds: Special Episode – RCLCO + CEL Compensation Advisors: Talent Management in Today’s Economic Environment

Best Minds: Ellen Dunham-Jones

Best Minds: Alterra Mountain Company

Best Minds: Dan Biederman

Best Minds: Alterra Mountain Company

April 28th , 2023

By Adam Ducker, CEO, RCLCO

What sets mountain resorts apart from other mixed-use resorts?

In this episode of Conversations with the Best Minds in Real Estate, RCLCO’s CEO, Adam Ducker, sits down with Jon Paul “JP” Testwuide and Andrew Lang of Alterra Mountain Company, a curator of a family of destinations including recreation, hospitality, real-estate development, food and beverage, and retail businesses.

The group discusses Alterra Mountain Company’s positioning in the mountain resort market and the strategies leading to their successes at Winter Park Resorts and Steamboat Springs in Colorado. A particular focus includes Alterra’s strategic planning of the mixed-use base villages that emphasizes creative placemaking providing for a great guest experience.

“We have the hat of an operator and the hat of a developer.”

– Andrew Lang on Alterra’s charter

In addition, the group discusses trends in mountain resorts from the last 10 years including how the rise and falls have impacted the market and what the future holds.

Alterra prioritizes its resort operations, and in doing so they recognize that fostering good culture, providing great recreational and entertainment opportunities and maintaining a strong resort identity is paramount to success.

“How do we create the asset that speaks to where the place is and how do we define that in connection with the resort and guest experience at the top of mind?”

– JP Testwuide on what to ask when considering how to best create a successful resort with guest satisfaction in mind

About Jon Paul “JP” Testwuide

Director of Development, Alterra Mountain Company

Jon Paul Testwuide serves as the Director of Development for Alterra Mountain Company. Mr. Testwuide leads development related activities for select resorts to grow and scale. Major initiatives include master land planning, entitlement pursuits, repositioning of existing assets, land acquisitions and dispositions, and horizontal and vertical development in resort product types. Prior to AMC, Jon Paul spent 5 years at KSL Capital Partners, a Denver based private equity firm with nearly $10 billion in assets under management, where he was responsible for leading large capital projects and repositioning’s within the hospitality space. He graduated from the University of Denver with a concentration in Real Estate & Finance. During his time at DU he played D-1 hockey for the Pioneers.

About Andrew Lang

Vice President of Strategic Planning and Development, Alterra Mountain Company

Andrew Lang serves as the Vice President of Strategic Planning and Development for Alterra Mountain Company and are part of the Financial Strategy team within the Finance Department.  In addition, since 2013, Andrew has been a Co-founder and Partner at HLR Group, Inc., an investment management and holdings company dedicated to capital growth via applied statistical methods and factor-based investing across a range of assets. Prior to AMC, he spent a year at Genworth Financial as a Senior Manager. Andrew is an alumni from Liberty University in Lynchburg, VA and is currently based in Denver, CO.

About Adam Ducker

CEO, RCLCO Real Estate Consulting

Adam Ducker is Chief Executive Officer of RCLCO and oversees the firm’s Real Estate Economics and Management Consulting Practices. Adam joined RCLCO in the mid-1990s as an associate directly after graduate school and learned the trade with the firm. He is a recognized expert in strategic planning for real estate companies, investment analysis, market and financial analysis, and marketing of real estate assets. He has particular depth of expertise in high-density housing, retail/entertainment, and hotel development.

Adam is a member of the Executive Committee of RCLCO, which manages shared resources and oversees overall company strategy. He also sits on the board of the RCLCO Foundation.

Adam is a frequent speaker on topics ranging from place-making, urban redevelopment, retail trends, and in-town housing. His writing has been widely published and quoted in publications such as The New York Times, The Wall Street Journal, Urban Land, Real Assets, among others. He is an active member of the Urban Land Institute (ULI), vice chair of the Redevelopment and Reuse Council, and a board member of the Terwilliger Center for Housing. A native of the New York metropolitan area, Adam received Bachelor’s and Master’s degrees from Columbia University.

Related Articles

Best Minds: Arturo Sneider

Best Minds: Alliance Global Advisors

Best Minds: Doug Adams & Mayor Shelley Brindle

Best Minds: Special Episode – RCLCO + CEL Compensation Advisors: Talent Management in Today’s Economic Environment

Best Minds: Ellen Dunham-Jones

Best Minds: Alterra Mountain Company

Best Minds: Dan Biederman

Best Minds: Dan Biederman

March 16, 2023

By Joshua Boren, Managing Director, Strategic Initiatives of RCLCO Real Estate Consulting

How can intellectual curiosity pave the way to success?

In this episode of Conversations with the Best Minds in Real Estate, RCLCO’s Managing Director, Strategic Initiatives, Joshua Boren, sits down with the President of Biederman Redevelopment Ventures, Bryant Park Corp., and 34th Street Partnership Dan Biederman, a trailblazer in urban planning and development, whose Bryant Park’s restoration is used as a case study to many in the industry for those looking to make change at the community level.

In addition to discussing Dan’s career overview into real estate and past and future projects, the pair discuss how family plays a role into shaping career pathways and run ins with historical figures like American publisher and philanthropist Enid Haupt, David Rockefeller and Andrew Heiskell.

“I only have two strengths. I’m not smarter than everybody else [but] I have discipline and intellectual curiosity.”

– Dan Biederman on his strengths contributing to his successful out-of-the-box thinking

About Dan Biederman

President of Biederman Redevelopment Ventures, Bryant Park Corp. & 34th Street Partnership

Dan Biederman began his career creating real estate value in New York, where he founded Bryant Park Corporation, the nation’s most successful park privatization effort, in 1980. He then set up the country’s largest complex of Business Improvement Districts: Grand Central Partnership (1985) and 34th Partnership (1989).

During his career, through these and other entities, he has revived or built twelve privately-funded and managed urban parks and turned around five troubled neighborhoods, eliminating thousands of annual crimes, and creating directly 2,500 jobs and over $10 billion in real estate value.

His consulting firm, Biederman Redevelopment Ventures Corp. (BRV), has represented many of the nation’s largest office, retail, and residential developers and owners on public space work, in 30 states and nine countries. Among the professional sports franchises that BRV has helped with place-making are three NFL teams (Jets, Packers, and Falcons), and the San Francisco Giants (in their Mission Rock development with Tishman Speyer).

He graduated from Princeton’s Woodrow Wilson School of Public Affairs, magnum cum laude, in 1975, and from the Harvard Business School with distinction in 1977.

About Joshua A. Boren

Managing Director, Strategic Initiatives of RCLCO Real Estate Consulting

Joshua A. Boren specializes in leading business development, marketing, and strategic initiatives for various real estate needs and solutions as part of the RCLCO team. With more than 15 years of experience, Joshua specializes in understanding how network building and relationship management is critical to organizational success, which has resulted in millions of dollars of closed engagements. At RCLCO, he has grown the business development and marketing departments, which were recognized by Globe St. in 2019 as “Influencers in Marketing”. Incredibly involved in the global real estate community, Joshua holds membership and leadership positions at Urban Land Institute Los Angeles and Jewish Federation Los Angeles’ Real Estate and Construction Division, among others. Joshua also hosts RCLCO’s monthly Round-Up Webinar Series, which dives into factors in the real estate market, in addition to other RCLCO events and features.

Related Articles

Best Minds: Arturo Sneider

Best Minds: Alliance Global Advisors

Best Minds: Doug Adams & Mayor Shelley Brindle

Best Minds: Special Episode – RCLCO + CEL Compensation Advisors: Talent Management in Today’s Economic Environment

Best Minds: Ellen Dunham-Jones

Best Minds: Alterra Mountain Company

Best Minds: Dan Biederman

Best Minds: Nancy Lashine, Managing Partner & Founder of Park Madison Partners

November 09, 2022

By Taylor Mammen, CEO, RFA

Related Articles

Best Minds: Disrupting the Urban Doom Loop with Chris Leinberger, Co-founder & Managing Director of Places Platform, LLC

Best Minds: Arturo Sneider

Best Minds: Alliance Global Advisors

Best Minds: Doug Adams & Mayor Shelley Brindle

Best Minds: Special Episode – RCLCO + CEL Compensation Advisors: Talent Management in Today’s Economic Environment

Best Minds: Ellen Dunham-Jones

Best Minds: Alterra Mountain Company

Best Minds: Dan Biederman

Best Minds: Robert Seldin, CEO of Highland Square Holdings

October 28, 2022

By Adam Ducker, CEO, RCLCO

Best Minds: Kirsty Jenkinson and Julie Donegan, California State Teachers’ Retirement System (CalSTRS)

June 15, 2022

By Cyndi Thomas, Managing Director, RFA