The Southern California Hotel Investment Summit

The Southern California Hotel Investment Summit

Thursday, December 13, 2012
SLS Hotel – Beverly Hills

CLICK HERE FOR MORE INFORMATION!

AGENDA
7:30-8:30 AM: Coffee & Networking
8:30-9:15 AM: Special Keynote: Sam Nazarian
9:15-10 AM: Panel: How Deals are Getting Done
10-10:45 AM: Panel: Development and 2013 Outlook
10:45-11:30 AM: Post-Game Networking

Sam Nazarian big

 

Keynote by entrepreneur, visionary, & developer
Sam Nazarian
Founder, CEO and Chairman
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  Maki Bara
  Maki Bara
President & Co-Founder
The Chartres Lodging Group
    Robert Sonnenblick
  Bob Sonnenblick
Chairman
Sonnenblick Development LLC
    Warren Haan
  Warren de Haan
Chief Originations Officer
Starwood Property Trust
         
 
     
   Chris Dobbins
  Chris Dobbins
VP of Development
Hyatt
        Vernon Chi
  Vernon Chi
SVP, Hospitality Finance Group
Wells Fargo
        Daniel Lesser
  Dan Lesser
CEO
LW Hospitality
         
 
     KEYNOTE MODERATOR
  Tom Naughton 2
  Tom Naughton
Chief Investment Officer
Clearview Hotel Capital
    Alison Cumberland New
  Alison Cumberland
VP
Marriott International
   
  Michael Scheinberg
Partner
Pircher, Nichols & Meeks
         
 
      MODERATOR
              Rich Brand2
  Rich Brand
Partner
Arent Fox
         
More Speakers to be Announced!

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Biznow Honcho Hoedown

HONCHO HOEDOWN

Sonnenblick Development prez Bob Sonnenblick and STR Global’s Jan Freitag insisted our reporter Amanda Metcalf to get in a pic. Check out the blue and orange color coordination this trio’s got going. Bob tells us there’s never been a better time to buy land for resorts, adding that feasibility experts say new construction has been at minimal levels for three full years.

[Click for full article]

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LA Construction & Development Part 2

Los Angeles Construction & Development Summit

source: http://www.bisnow.com

Julie@bisnow.com

Developers have a lot on their minds these days, and we’re not talking about who’s going to win this season of So You Think You Can Dance. Our second panel at Bisnow’s LA Construction & Development Summit this week gave us an earful.

Sonnenblick Development’s Bob Sonnenblick built 1M SF of office space in the LA areaIn the last go-round, Sonnenblick Development’s Bob Sonnenblick built 1M SF of office space in the LA area. This go-round, he’s in the hotel development business and noted that the prebooking for six months out is up a good 7% to 8%. Bob said he’s been involved in four arranged marriages in LA, but not to worry—he meant that on four projects he’s had the architect working for him on a base design, then switched to a pure design-build contract where he has a guaranteed maximum price with the general contractor, and the architect is working for the GC.


Bob noted that in all of his design-build contracts, he throws 100% of the risk onto the shoulders of his general contractors; there’s surely bonding, as well. “I can go to sleep for two years and that thing still gets developed the way I want it to.” (Though there are other reasons why he shouldn’t sleep for two years: Chief among them, who wins the Super Bowl.) Among the barriers, he cited entitlement process issues such as traffic and neighborhood groups. For Kristina, the challenge is carpetbaggers with no vested interest in a neighborhood who come in and make claims. The huge specific plan USC is trying to entitle is a case in point: A group asked for $250M in exchange for non-opposition. (Support would cost extra.)


Bob Sonnenblick demonstrates why he left New York 30 years ago to come westDining with us in his work clothes at BOA Steakhouse in Santa Monica Wednesday evening, Bob Sonnenblick demonstrates why he left New York 30 years ago to come west. Well, in addition to the fact that the renowned company founded by his grandfather in 1910, which financed much of New York’s skyline made him head of West Coast operations where he helped finance much of downtown LA’s booming skyline in the ’80s. Nearly 25 years ago he went on to start Sonnenblick Development, which has not only developed numerous federal and commercial office buildings, but also resorts in places like Park City, Palm Springs, and Palm Beach, where he can also get fresh air and additional use of his colorful shirts.

Bisnow: Keeping the coffee hot, and the panel discussions too.

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Los Angeles Construction & Development Summit


Bob Sonnenblick
Principal
Sonnenblick, LLC Robert completed over $1.5B of commercial real estate transactions on the west coast. Among the most notable include: Beaudry Center, LA ($197M), The Ritz-Carlton Hotel, Pasadena ($97M), One Waterfront Plaza, Honolulu, HI ($100M) and the LA World Trade Center ($55M). He was also an original development partner of the $90M Loews Santa Monica Beach Hotel, which sold for $125M.

Mark D. Payne
Partner
Panattoni Development Company

Mark leads Panattoni’s operations in LA and San Diego. With 150M SF of completed projects, Panattoni ranks among the top industrial developers in the US. Prior to starting Panattoni’s LA and San Diego ops in ’09, Mark launched Panattoni Europe in ’04. Under his leadership, it grew to 120 employees, 12 offices, and a 97% leased portfolio. While there, Mark led the development of 12M SF of industrial and retail projects.


Kristina Raspe
VP, Real Estate Development and Asset Management
USC

Kristina leads all off-campus real estate development and construction projects as well as preparatory work for on-campus real estate projects exceeding 20k SF. She also oversees all campus planning activities, including the master-planning processes on both the University Park and Health Sciences campuses, and work associated with USC’s plans to develop a biomedical research park on the Health Sciences campus.


Scott Hunter
Principal, LA Office Director
HKS Architects

Under Scott’s leadership, HKS Los Angeles has over 2M SF in design and 1.6M SF in construction. Notable current projects include a new replacement hospital at Camp Pendleton, the restoration of 50 United Nations Plaza, a 40 story condo tower in San Francisco. HKS is in design and construction on three major projects with USC, has ongoing work with Kaiser and Cedars Sinai, a casino retail project in Macau, China, as well as several hotels and office projects throughout Southern California.


Andrew Millar
Project Development Manager
Hensel Phelps Construction Co.

Andrew leads District procurement functions. He is responsible for the coordination and communication of design-related activities between the architectural, engineering, estimating and operations team. He coordinates and communicates all design requirements and program modifications. Previously, he served with Clark Construction as mechanical electrical and plumbing coordinator, and Berg Electric overseeing field operations.

MODERATOR

Robert Peddicord
Senior Managing Director of Institutional Services
CBRE
Robert oversees the integrated service delivery of CBRE’s global platform to property owners and investors in LA, Orange County and the Inland Empire. He provides regional oversight for asset services, project management, investment sales, debt & equity finance and agency leasing. He previously spent more than 12 years at GE Capital/Arden where he was Executive VP of Operations and Leasing before becoming COO. He most recently was COO at Younan Properties.

**More Speakers to be Announced**

Monday, June 25, 2012Omni Hotel Los Angeles
251 South Olive Street
Los Angeles, CA 90012

Agenda

8 AM – 9 AM Coffee & Networking
9 AM – 9:45 AM Construction, Design, & Engineering Outlook
9:45 AM – 10:30 AM Development Outlook
10:30 AM – 11 AM Post-Game Schmooze


With projects that were once on hold during the recession beginning to come back online, the state of the construction industry & future development in SoCal is at a pivotal point:

  • What does it take to get a new project off the ground?
  • What innovative methods keep projects moving?
  • What are some of the new financing strategies?
  • What impact does sustainability have on the future of development?
  • How does one go about renovating existing assets?
  • How is the SoCal market different than other business centers?

Join Bisnow and construction & development community leaders and advisors to gain invaluable information, insight, and (of course) schmooze time.

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The Next Sand Castle?

Bob Sonnenblick and his wife Pamela celebrated their 23rd anniversary this past weekend at the Hotel Bel-AirSonnenblick Development and Ritz-Carlton are actively looking at a specific block in Santa Monica to do a $150M high-rise hotel project, Bisnow learned yesterday. (It’ll be remembered fondly as the place Sonnenblick and Ritz made beautiful music together.)

Principal Bob Sonnenblick and his wife Pamela celebrated their 23rd anniversary this past weekend at the Hotel Bel-Air. He tells us the project is envisioned as a 200-room Ritz-Carlton hotel, along with about 120k SF of branded condos plus some ground-floor retail. Ever since Bob and his partners sold the Loews on Ocean Avenue a few years back, he’s been itching to get back into the Santa Monica hotel market.

The Loews Santa Monica Beach Hotel sold for a cool $125M. But that’s not all—Bob has been selected to build a pair of full-service and limited-service hotels totaling $100M at Sacramento International Airport. Slated to begin construction in mid-2013—the airport’s first new rooms in 30 years—the hotels will be attached to the airport’s new terminal.

Sonnenblick Development also has spent $100M to buy seven sites to build full-service resort hotels. Two of them are in Palm Beach, Fla., and the Bahamas. “We like the warm weather markets, and we really focus on oceanfront real estate.” Bob’s an active polo player as well as an avid skier—last month he was in Alta, Utah (above). But he’ll leave his skis at home on June 25, when Bob will be a panelist on our LA Construction & Development Summit at the Omni Hotel Los Angeles. [Register here]!

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