COVID-19 has had a profound impact on the way we view real estate, with the final implications still unclear. A panel comprised of top investment and development firms active in the Arizona real estate market will explore how their business was impacted in 2020 and what their outlook is for 2021. Which asset classes are struggling and which ones are holding up or even flourishing? How has the ability to capitalize new projects changed? Is Arizona a beneficiary of the pandemic with a trend away from large urban centers and toward high growth, low density environments? How have banks and other lenders responded to COVID-19? What does it all mean for real estate in Arizona for 2021 and beyond?
Join us for this interactive discussion with Guest Speakers:
Kevin MacKenzie, Executive Managing Director, JLL Capital Markets - Moderator
Cathy Thuringer, Managing Director, Trammell Crow CompanyChris Anderson, Senior Managing Director, Hines
Chad DuBeau, Executive Managing Director, Mill Creek Residential
David Larcher, President, VestarGilda Perez-Alvarado, Chief Executive Officer, JLL Hotels & Hospitality, Americas, JLL
Mr. Anderson serves as a senior managing director and city leader responsible for new commercial and residential business opportunities that include new development, acquisition, management, and disposition within the Southwest Region of the United States. Anderson's responsibilities include business strategy, master planning, deal-structuring, contract negotiations, government relations and tenant relations. Anderson holds a BS in Finance with a concentration in Real Estate from Arizona State University and master's degrees in Real Estate and Construction Management from the University of Denver. He also serves as a board member of NAIOP Arizona.
David Larcher is a founding principal of Vestar and has been responsible for some of the most dynamic and popular retail projects in the western U.S. David is responsible for Vestar’s acquisition, development and operational activities, as well as acting as the key contact for Vestar’s retail relationships Vestar is one of the largest privately held owner and operators of shopping centers in the United States, developing, owning and operating over 30 million square feet of retail centers in the western U.S. Since 1989, Vestar has been a leader in the innovative development and operations of several market leading projects. These include the highly regarded Tempe Marketplace, a $300 million redevelopment project that required the largest environmental cleanup in Arizona history, the award-winning Desert Ridge Marketplace in Phoenix and many others in Arizona and California. Recently, Vestar has been active in the acquisition and repositioning of large open-air centers, acquiring nearly $2 billion of assets from Texas to California. David is a member of the International Council of Shopping Centers, Urban Land Institute and is on the Board of Trustees of The Nature Conservancy of Arizona. He is also on the Board of Governors for the Greater Scottsdale Boys & Girls Club and formerly Co-Chairman of the Arizona State University President’s Club. Mr. Larcher is a graduate of Arizona State University with a degree in Real Estate and a minor in Finance. David’s other passions include travel, fly fishing, snow skiing and mountain biking.
Gilda Perez-Alvarado is the Chief Executive Officer of JLL Hotels & Hospitality, Americas, where she is responsible for investment sales, debt and equity placement, strategic advisory and asset management. Additionally, Gilda leads the group’s Global Hotel Desk, a specialized team of cross-border investment sales professionals based in the Middle East, Asia Pacific, the Americas and Europe. Previously, Gilda served as a Managing Director, focused on full-service investment sales throughout the United States and globally.
Kevin is an executive managing director in the Phoenix office of JLL Capital Markets, Americas. He joins JLL as part of the HFF acquisition and has more than 18 years of experience in commercial real estate investment banking. He specializes in the execution and expansion of the firm’s capital markets platform through the representation of institutional and private owners of institutional-grade commercial real estate properties throughout the United States. As a member of the JLL Executive Committee, Kevin is responsible for the overall direction of the firm’s 30 Capital Markets offices. During the course of his career, Kevin has executed in excess of 730 transactions totaling more than $22 billion, across all property sectors and regions of the United States. Kevin started at HFF in March 2004. Before that, he worked in strategic finance and business development roles at various venture capital-backed technology companies in Silicon Valley. During his time in the technology industry, he played a key role in raising more than $250 million in venture capital from prominent firms, including Kleiner Perkins Caufield and Byers and Benchmark Capital.
I have direct responsibility for the Development and Investment Group for Trammell Crow Company and High Street Residential, TCC’s residential subsidiary, in the state of Arizona. With more than 30 years in the real estate industry, my experience encompasses leading all phases of development from site acquisition through land use/entitlements, design/construction, marketing, financial performance and project disposition and includes more than six million square feet of development projects with a market value approaching $1 billion. I serve as one of eleven members of Trammell Crow Company’s Leadership Council, a senior leadership group that is charged with identifying, vetting and implementing strategic company initiatives. I also frequently participate as a subject matter expert for Trammell Crow Company’s national investment committee reviewing the Company’s investment in development projects throughout the United States.
Chad DuBeau is a founding partner of Mill Creek and serves as Executive Managing Director for Arizona, Colorado, and Southern California. Prior to his role as Executive Managing Director, Mr. DuBeau served as Senior Managing Director of Mill Creek’s development efforts in Georgia, Tennessee, and North Florida regions, where he was responsible for pursuing new development opportunities, product design, and the pursuit of entitlements to meet all local jurisdictional requirements. Prior to this role, Mr. DuBeau served as Managing Director in Mill Creek’s Mid-Atlantic region where he notably had oversight of the 628 home apartment community, Modera Avenir Place, at the Dunn Loring Metro Station in Merrifield, Virginia. Prior to joining Mill Creek, Mr. DuBeau was a Managing Director with Trammell Crow Residential (TCR). Prior to joining TCR, Mr. DuBeau was a Regional Operations Manager with the Bozzuto Group, a role in which he was active throughout the Mid-Atlantic region with a concentration on the Washington, DC, and Baltimore markets. At Bozzuto, he was responsible for all phases of development for multiple product categories, including multifamily homes, town-homes, and single-family homes, and land development projects. Prior to Bozzuto, he worked as a Project Manager for Milestone Communities and as Project Engineer for VIKA, Inc. Mr. DuBeau obtained a Bachelor of Science from University of Delaware in Civil and Environmental Engineering and a Master of Business Administration from the George Washington University.