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Center for Real Estate Studies185 West BroadwayNew York, NY 10013-2921
T 212.431.2306E [email protected]
ROOFTOPS CONFERENCETHE
Friday, April 13, 20188:30 a.m.–12:15 p.m.
New York Law School185 West Broadway
Presented by The Rooftops Project andCenter for Real Estate Studies
Property Perspectives for Not-for-Profit Organizations
2018
NYC
SINCE 1891
WE ARE NEW YORK’S LAW SCHOOL
Rooftops Group LLC
Copyright © 2018 Rooftops Group LLC. Copyright to individual articles and other content reproduced in conference materials is held and retained by the individual author or copyright holder. All rights are expressly reserved. Conference presentations and these materials may not be quoted, copied, referenced, or reproduced in any way, in whole or in part, whether in printed or electronic format, without express written permission, which may be given or withheld in the sole discretion of the individual author or copyright holder.
Project Mission and Goals
The Rooftops Project is an initiative founded and directed by James Hagy, Distinguished Adjunct Professor with the Center for Real Estate Studies at New York Law School. It provides real estate programs, workshops, and Web and print resources for not-for-profit organizations, with several goals:
n To be the host of an ongoing dialogue within the community of not-for-profit executives and managers, not-for-profit board members and volunteers, and real estate industry professionals about topics relating to the effective occupancy, use, and management of real estate in the social sector.
n To highlight and celebrate the diverse roles played by real estate (as physical space) in supporting the missions of not-for-profit organizations of every type, from museums to places of worship, from social and human services to education and advocacy.
n To increase awareness of the contribution that a disciplined approach to real estate can make in not-for-profit organizations of every size, from those with a single location to those with a national or international presence.
ROOFTOPS PROJECTTHE
A few important notes and a legal disclaimer (after all, at New York Law School we are trained as lawyers, and we train future lawyers, so inevitably we think like lawyers):
• Rooftops Conference 2018 and these accompanying materials are not intended and should not be construed as legal, tax, investment, or professional advice.
• The information and views expressed may not apply to individual readers or to their organizations or to any particular facts or circumstances.
• Attendance at The Rooftops Conference 2018 or receipt of these materials does not create any attorney-client relationship.
• Engagement and consultation with appropriately qualified, experienced, and licensed professionals should always be sought with respect to planned transactions, investments, and projects.
• These materials are provided as a supplement to the panel discussions and presentations at the live conference, but do not serve as a summary or outline of the live discussion. They do not purport to be a complete or exhaustive treatment of the topics they address.
• Views expressed by speakers and panelists, or in these materials, are not necessarily those of New York Law School, its faculty, staff, or students.
• Neither Rooftops Group LLC nor New York Law School nor its faculty or staff evaluate, rate, review, or recommend products, services, or suppliers whatsoever. Any particular products, services, or suppliers mentioned are used as examples to illustrate concepts and are for general information only.
• No representations or warranties are given whatsoever, express or implied, with respect to information presented at The Rooftops Conference or contained in these materials or their accuracy. Any representations or warranties that might otherwise exist, whether by statute, common law, or otherwise, are expressly excluded and disclaimed.
• Rooftops Group LLC and New York Law School and its faculty expressly disclaim and do not accept any liability for any loss resulting from errors or omissions contained in, or for following or applying principles or views expressed at, The Rooftops Conference or in these materials, including without limitation any liability for direct, indirect, consequential, exemplary, or punitive damages or for loss of profits or business opportunity, whether by tort, negligence, breach of contract, or otherwise.
ROOFTOPS CONFERENCE AGENDATHE
8:30 a.m.
Registration and Continental Breakfast
9:00 a.m.–9:15 a.m.
Snapshots from the Rooftops: Welcome and Introductory Remarks
Conference Moderator:
James Hagy, Distinguished Adjunct Professor, New York Law School, and Director of The Rooftops Project
9:15 a.m.–9:45 a.m.
Why Workplace Matters—When It’s Really All About Culture
More than half of the companies on the Fortune 500 have disappeared since the year 2000. And yet, we are only at the beginning of what the World Economic Forum calls the “Fourth Industrial Revolution,” characterized not only by mass adoption of digital technologies but by innovations in everything from energy to bioscience. This is a time of unbelievable disruption. What factors will enable some organizations to survive these turbulent times? As much as any other factor, culture directly impacts the performance—and even the survival—of an organization. Beau Everett will make the case that corporate real estate has a critical role to play in the long-term success of an organization through the creation of environments that can shape individual behavior and ultimately effect a durable impact on organizational culture.
Beau Everett, Vice President, Real Estate and Housing, NYU Langone Health
9:45 a.m.–10:20 a.m.
New York: The City for Not-for-Profit Organizations
New York City residents, and its government, have a uniquely strong appreciation for the breadth and depth of the contributions made by the social sector. In addition to the important impacts made by their core missions, New York City’s not-for-profits are a major employer and economic driver, as well as helping to create the vibrant and diverse metropolis that attracts and sustains for-profit businesses and educates and cares for its workforce. Matthew Mo, Vice President of the New York City Economic Development Corporation (NYC ECD), will provide an informal overview of the resources offered to both new and established not-for-profit organizations by NYC EDC.
Moderator:
Erin Bond, Assistant Dean, Academic Program Development, and Adjunct Professor, Center for Real Estate Studies, New York Law School
Presenter:
Matthew Mo, Vice President, New York City Economic Development Corporation
10:20 a.m.–10:30 a.m.
Closing Reflections on Plenary Session and Breakouts
This year’s Rooftops Conference format includes extended breakout sessions that will function as mini-workshops, including time for audience interaction and Q&A. Professor Jim Hagy will share reflections on the themes that are woven throughout this year’s Conference program.
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10:30 a.m.–10:50 a.m.
Break and transition to third floor for breakout sessions
10:50 a.m.–12:15 p.m.
Breakout Session A: Room 300
A Matter of Trust
Not-for-profit organizations manage construction processes ranging from new building construction or major renovations, to the most seemingly minor of repairs, to landlord or tenant build-out of tenant leased space. All of these projects are worthy of documentation to define expectations about time, cost, scope, and quality. There also is a need to allocate responsibility if there are cost overruns, time delays, defects, or subsequent changes in the work or materials. Yet no one wishes for a need to turn to those documents in a dispute leading to controversy, litigation, or arbitration. What role does trust play in selecting the team and how can relationships be built that transcend the traditional contracting process?
Moderator/Co-Panelist:
Michael Phillipou, Partner, Venable LLP
Panelists:
William J. Gilbane III, Senior Vice President, Gilbane Building Company
Ashley Hughes, Director of Operations, Blue School
Robert M. Rogers, FAIA, Founding Partner, Rogers Partners Architects+Urban Designers
Susan B. Wallace, Principal, Zubatkin Owner Representation, LLC
Breakout Session B: Room 301
Cybersecurity, Data and The Internet of Things
Whether you are a corporate or not-for-profit executive or board member, a lawyer or consultant, or a media journalist, a topic you are most likely to say may keep you awake at night in 2018 is cybersecurity, which is in the news every day. What are cyber threats that may affect not-for-profit organizations, where are key areas of vulnerability, and what steps can not-for-profit organizations take to avoid, or respond to, assaults on their private data, their funding platforms, and the buildings and spaces in which they operate? What is the “Internet of things” and how will automation and informational technology in the operation and management of physical space enhance building performance, but also introduce new channels of potential cyber threat?
Moderators:
Dmitriy Ishimbayev, Founder, Ishimbayev Law Firm
Kristen Porro Reilly, Partner, Porro Law Group LLC
Panelists:
Eric Chuang, Managing Director, Cyber Incident Response, BDO
Mauricio F. Paez, Partner, Jones Day
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Breakout Session C: Room 302
To Market, To Market (2018 Edition)
Tenants and their representatives looking for space in in major markets often start with a request for proposals from landlords, which launches the conversation about what is possible. This panel of New York City real estate professionals will engage in a realistic and unrehearsed dialogue among a mock landlord, mock tenant, and advisors focusing on several of the key clauses that every tenant should include in considering and selecting new space to lease. You will watch the outcomes unfold just as they do!
Moderator:
Richard Warshauer, Senior Managing Director, Colliers International NYC LLC
Panelists:
Landlord Representatives:
Alireza Esmaeilzadeh, Senior Vice President, Commercial and Residential Development, Forest City Ratner Companies
Megan Sheehan, Managing Director, Leasing – New York City, Tishman Speyer
Tenant Representative:
Ruth Colp-Haber, Partner, Wharton Property Advisors, Inc.
Lawyers:
Joel Singer, Esq., Attorney At Law
Ellen Sinreich, Esq., LEED AP, Founder and Managing Principal, The Sinreich Group
Breakout Session D: Room 320
Innovative Ideas for Real Estate in New York
This panel will explore ways that nonprofits, including but not limited to community development corporations and affordable housing developers, are using innovative strategies and tools to finance, develop and maximize the value of their real estate.
Facilitator:
Tamara Salzman, Associate, Kellner Herlihy Getty & Friedman LLP
Moderator:
David A. Goldstein, Managing Partner, Goldstein Hall PLLC
Panelists:
Jason Labate, Senior Associate, Goldstein Hall PLLC
Peter Madden, Executive Director, JOE NYC
Scott Short, CEO, RiseBoro Community Partnership
Sunil K. Aggarwal, Founding Principal, Managing Director, ThinkForward Financial, LLC
ROOFTOPS CONFERENCE SPEAKERSTHE
JAMES HAGYDistinguished Adjunct Professor, New York Law School, and Director of The Rooftops Project
In addition to teaching at New York Law School and at Loyola University Chicago School of Law, where he is Distinguished Lecturer in Residence, Jim Hagy founded and directs The Rooftops Project. He is also an affiliated transnational professor at Peking University of Transnational Law and lectures frequently at other universities and for business audiences in the U.S. and abroad. During his 28-year career with Jones Day, the global law firm, Jim served for 10 years as the co-chair of the firm’s worldwide general real estate practice. He also formed and chaired the firm’s Corporate Real Estate Services practice worldwide. He advised a broad range of Fortune 500, FT 500, and private companies in major national and international transactions. He is an elected member of the American College of Real Estate Lawyers.
SUNIL K. AGGARWALFounding Principal, Managing Director, ThinkForward Financial, LLC
Sunil Aggarwal specializes in capital markets, bond financing, and other economic development and real estate financing programs. Sunil is a former investment banker at Roosevelt & Cross, a boutique municipal bond firm in New York, and was a former vice president at New York City Industrial Development Agency/New York City Economic Development Corporation. He is a graduate of Carnegie Mellon University and Manchester Business School (UK). Sunil is a registered financial advisor with the Municipal Securities Rulemaking Board and holds general securities licenses for Series 7 and 63. For the past 25 years, Sunil has structured and placed project financings for business owners and nonprofit organizations from social service agencies to educational institutions, primarily in New York City. Sunil has expertise in a wide range of development financing options, including tax-exempt bonds, bank loans, not-for-profit bridge loans, construction financing, EB-5 financing and other tax credit equity programs.
ERIN FELKER BONDAssistant Dean, Academic Program Development, and Adjunct Professor, Center for Real Estate Studies, New York Law School
As an Assistant Dean, Erin Felker Bond works on a variety of special projects aimed at implementing the Law School’s strategic plan and ensuring that students are gaining the practical experience they need to have a competitive professional edge. Prior to becoming Assistant Dean, she was the former Associate Director of the Center for Real Estate Studies (CRES) at New York Law School, where she developed programming for the City’s budding and experienced real estate professionals. She continues to mentor affiliated students and recent graduates and serves on the CRES Advisory Board. Before becoming an attorney, Erin lived in Washington, D.C. and worked for Johnson Controls, Inc. where, with a team of government relations professionals, she led a successful campaign for the reauthorization of Energy Savings Performance Contracting, a business essential contracting vehicle, culminating with its inclusion in Title I of the 2005 Energy Bill. She is past president both of the Association of Real Estate Women, the real estate industry’s longest-running and most consistent supporter of women real estate professionals, and of Commercial Real Estate Women of New York (CREW), which now have merged to carry on their shared mission. She and her family are very active in a number of sports-related philanthropic efforts. Erin has also been active with the City Bar Justice Center’s Pro Bono Program for Foreclosure Prevention, assisting low-income New Yorkers with their residential mortgage situations and applying for grants on their behalf. She holds a J.D. from New York Law School and a B.A. from the University of Virginia in Foreign Affairs and Spanish.
PANELISTS AND SPEAKERS
MODERATOR
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ERIC CHUANGManaging Director, Cyber Incident Response, BDO
Eric Chuang is the Managing Director of Incident Response in BDO’s Cyber Security practice. He has more than 20 years of investigative experience in law enforcement and national security, including cybersecurity, incident response, crisis management, computer network operations and secure communications. Eric has held several senior positions in law enforcement, including most recently as Chief of the computer operations group in the Operational Technology Division of the Federal Bureau of Investigation (FBI), where Eric managed all aspects of computer network operations, to include building and maintaining of an enterprise network to support the FBI’s operational activities on the Internet. Eric was also responsible for the FBI’s global tactical and secure networks and communications, providing classified and unclassified networks to support FBI’s war zone deployments as well as crisis and special events. Eric represented the FBI as the senior technical liaison officer to the Director of National Intelligence for four years, and worked closely with all Intelligence Community agencies. He coordinated and published the Intelligence Community Directive 702 that is currently the governing policy for all Technical Surveillance Countermeasures activities in the U.S. Government. Eric received the FBI Director’s Award in 2016 for Outstanding Science & Technology Achievement. Eric also received the Director of National Counterterrorism Center Award in 2008 for his leadership in the Intelligence Community. He is a member of the New Jersey State Bar, having received his J.D. degree from Temple University School of Law and his Psy.D. from Indiana University of Pennsylvania.
RUTH COLP-HABERPartner, Wharton Property Advisors, Inc.
Over the last 25 years, Ruth Colp-Haber has completed roughly 500 New York City office leases for businesses, schools and nonprofits. In a real estate market where landlords charge eye-popping rents, Ruth has a record of obtaining favorable leases for her clients. She has been a member of the Real Estate Board of New York (Rebny) since 1989, and is a fellow of the Royal Institution of Chartered Surveyors. She currently serves on the Economic Policy, Plaza District, and Tax Policy and Research Committees. She is also a board member of St. Mary’s Foundation for Children and La Casa Latina and Association of Latino Alumni at the University of Pennsylvania. Before her career in real estate, she was a mortgage trader at Merrill Lynch. Ruth earned her M.B.A. at The Wharton School and her Bachelor’s degree at the University of Pennsylvania, graduating magna cum laude. She is a native New Yorker and attended the Fieldston School.
ALIREZA ESMAEILZADEHSenior Vice President, Commercial and Residential Development, Forest City Ratner Companies
Ali Esmaeilzadeh is a senior vice president in the Commercial and Residential Development team at Forest City Ratner Companies (FCRC), a New York-based real estate development company. He is also the commercial leasing director for FCRC. He oversees the leasing and interior fit-out construction of the commercial portfolio at MetroTech Center in Downtown Brooklyn, the New York Times building, a Renzo Piano designed Class A building, and several other projects within the FCRC office portfolio. Since joining the firm in 2006, Ali has been responsible for leading negotiations and execution of 2.5 million square-feet of office, retail, academic, medical and critical facilities/data center leasing transactions and guiding the design and construction management of over 800,000 square-feet of office and critical facility space, totaling more than $100 million. In addition, he has been actively involved in several ground-up development opportunities, including the 240,000 square-foot Class A office building on the CornellTech campus on Roosevelt Island and development opportunities in Downtown Brooklyn. Prior to joining Forest City, Ali was a banker at Scotia Capital, the Investment Banking Division of Scotiabank in Toronto, Ontario. He received his M.B.A. from the Wharton School of Business, University of Pennsylvania, and graduated with honors from Queen’s University, in Ontario, Canada, where he received his Bachelor of Commerce degree. He is also an alumnus of the CORO Leadership New York 2013 class. Ali proudly serves on the boards of Brooklyn Hospital, Brooklyn Horizons, a program dedicated to the disadvantaged kids of Downtown Brooklyn, and MetroTech Business Improvement District, as well as being a financial advisory member of DanceNYC.
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ROOFTOPS CONFERENCE SPEAKERSTHE
BEAU EVERETTVice President, Real Estate and Housing, NYU Langone Health
Beau Everett oversees leasing, acquisition, and management for NYU Langone Medical Center’s real estate portfolio. He manages all aspects of a 5.6 million-square-foot portfolio of space beyond NYU Langone’s main campus for clinical, research, education, and office uses as well as nearly 1,000 residential units and 700 parking spaces with a total annual operating budget of $300 million. He provides in-house expertise in areas affecting portfolio planning, asset management, property valuation, easements, air rights, condemnation, title, and other real estate matters. Beau plays a leading role in developing and implementing the institution’s strategic growth plan, which includes recent affiliations with hospitals in Brooklyn and Mineola, along with the expansion of NYU Langone’s real estate portfolio across all mission areas throughout New York City and the metropolitan area. Beau has spent over 20 years in corporate real estate for mission-driven organizations. Prior to joining NYU Langone, Beau was a deputy director in the real estate department of the MTA. He was also vice president of a real estate research and consulting firm specializing in market feasibility and strategic analyses for developers and municipalities. Beau currently serves on the Editorial Board of the Corporate Real Estate Journal and on the Board of Directors of the Third Street Music School Settlement and is a member of his residential co-op board. Beau earned a B.A. in History from Williams College in 1987 and an M.B.A. in 1994 from the Yale School of Management. Beau was recognized multiple times as an NCAA Division III Swimming All-American and was an individual NESCAC league champion. He lives on Manhattan’s Upper West Side with his family.
WILLIAM J. GILBANE IIISenior Vice President, Gilbane Building Company
Bill Gilbane III is a fifth generation family member of the New York division of Gilbane Building Company, one of the largest family owned construction and real estate development firms in the United States. Bill is accountable for all sales, operations and client relations in the division. Under his entrepreneurial leadership, Gilbane has grown a diverse regional presence in New York City, upstate New York and New Jersey on projects across multiple markets, including healthcare, high-rise residential and commercial office, education and cultural. Notable projects include the Onondaga Lakeview Amphitheater, Spence School, New York-Presbyterian Hospital Adult Emergency Department, the Kings Theatre renovation, 55 Hudson Yards and Rutgers University Life Sciences Center. Bill is a graduate of Brown University and has a M.S. in Construction Management from New York University. He sits on the Executive Committee of the Board of New York City’s ACE Mentor Board, the New York Building Foundation Board, the New York Building Congress Board, and The Everson Museum of Art. In addition, he is an active Trustee for the Citizens Budget Commission, an organization whose mission is to facilitate government reform and be a catalyst for positive change, as well as a member of the Young Presidents Organization.
DAVID A. GOLDSTEINManaging Partner, Goldstein Hall PLLC
David Goldstein concentrates his practice in affordable housing development, real estate and community development, nonprofit formation and governance, and corporate formation and governance. As lead counsel with deep experience in structuring and advising joint ventures and complex affordable housing transactions involving numerous federal, state, and city housing and finance programs, David played a key role in the formation and early success of the award-winning Joint Ownership Equity (JOE NYC) program. He continues providing legal expertise as JOE NYC pursues additional affordable housing projects throughout the city. He is also among the members of the New York Advisory Board for the Corporation for Supportive Housing. Beyond his active law practice, David regularly conducts workshops on numerous legal topics, including: affordable housing finance and development, negotiating and structuring joint ventures, Year 15 legal issues for low-income housing tax credit projects, and cooperative law.
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ASHLEY HUGHESDirector of Operations, Blue School
Ashley Hughes has been with Blue School for the past ten years, serving as the Director of Operations for the past four. In that time, she has managed multiple interior renovations, campus relocations, and expansion projects. She is currently overseeing the build out for Blue School’s upper grade expansion slated to open for fourth–eighth grades in September 2018. She is driven by a passion for creating systems and spaces that ultimately allow teachers and students to thrive in the learning environment.
DMITRIY ISHIMBAYEVFounder, Ishimbayev Law Firm
Dmitriy Ishimbayev is the founder of Ishimbayev Law Firm. He is a licensed attorney in the states of New York and New Jersey and works with entrepreneurs, professionals, emerging businesses, and technology startups. He is a proud alumni member of The Rooftops Project team. Dmitriy received his J.D. from New York Law School and his Bachelor’s degree in Business Management and Finance from the City University of New York.
GERALD KORNGOLDProfessor of Law, New York Law School
Gerald Korngold returned to New York Law School in 2008 from Case Western Reserve University School of Law, where he was the McCurdy Professor of Law, and also served as Dean from 1997 to 2006. He was a faculty member at New York Law School from 1979 to 1987 and Associate Dean of Academic Affairs from 1984 to 1986. He has lectured nationally and internationally on land and property law issues and writes and teaches in the field of property and real estate law. He is the author of Private Land Use Arrangements: Easements, Real Covenants, and Equitable Servitudes (Juris Publishing, 2016), co-author of two casebooks, Real Estate Transactions: Cases and Materials on Land Transfer, Development, and Finance (Foundation Press, 2015) and Cases and Text on Property (Aspen Publishers, 2015), and co-editor of Property Stories (Foundation Press, 2009). He is an elected member of the American Law Institute and the American College of Real Estate Lawyers.
JASON LABATESenior Associate, Goldstein Hall PLLC
Jason Labate concentrates his practice in real estate and community development, nonprofit formation and governance, banking and finance, and corporate formation and governance. He also oversees Goldstein Hall’s Hudson Valley office and provides legal expertise for the Joint Ownership Equity (JOE NYC) program. A frequent panelist and guest speaker on faith-based and nonprofit affordable housing development Jason represents a range of for-profit, not-for-profit, and public organizations. Prior to joining Goldstein Hall in 2012, Jason attended Brooklyn Law School with a focus on economic empowerment and community development. He participated in Brooklyn Law School’s Community Development Clinic, where he advised local groups on not-for-profit corporate formation, corporate governance, and tax issues.
PETER MADDENExecutive Director, JOE NYC
Prior to his role at JOE NYC, Peter Madden worked for several years at the New York City Department of Housing Preservation and Development (HPD). He was Director of Distressed Assets Financing Programs focused on HPD’s response to the mortgage crisis. Subsequently, he served as its Director of Storm Recovery Programs overseeing program design efforts as part of the City’s Superstorm Sandy recovery efforts. Before starting at JOE NYC, Peter served as an independent consultant to New York State Homes and Community Renewal, the Robin Hood Foundation, and the Center for New York City Neighborhoods. Peter received his undergraduate degree from the University of Michigan and has a master’s degree in Public Administration from the New York University Wagner School of Public Service.
MATTHEW MOVice President, New York City Economic Development Corporation
Matt Mo is a Vice President at the New York City Economic Development Corporation (NYCEDC), where he works on a range of real estate and economic development issues around the city. As a long-time resident of New York, he is committed to improving the urban environment and the quality of life for all New Yorkers, and in particular, helping the city address today’s biggest challenges, such as inequality and climate change. Prior to NYCEDC, Matt worked at Morgan Stanley, advising clients in the natural resources sector, and at Marakon, consulting to Fortune 500 firms on long-term strategy. He earned a joint M.B.A./M.S. degree from Stanford University, and a B.A. from Amherst College.
MAURICIO F. PAEZPartner, Jones Day
Mauricio Paez advises Fortune 100 companies concerning legal issues with digital transformations, space-based data services, global e-commerce, digital marketing, data protection and privacy, cybersecurity, cyber governance, technology sourcing and outsourcing, and emerging technology matters such as Internet of things, artificial intelligence, industrial internet, and autonomous machines. He is a regular speaker and publisher and is a recognized leader in these fields. Mauricio assists clients with legal issues impacting the digital business, including industrial Internet applications, consumer Internet of things protections, cloud services, big data analytics, AI and cognitive technologies, terrestrial and space-based commercial data services, global data privacy, cybersecurity breach response and cyber investigations, and global compliance. He helps clients develop and implement worldwide digital strategies (B2B and B2C), compliance programs to address new legal risks, safeguarding digital assets, cross-border transfers of data, and cybersecurity oversight and management. He also helps clients address privacy and cybersecurity issues in commercial agreements and supports technology corporate transactions, such as mergers and acquisitions. In addition, Mauricio assists clients with data breach response and conducts data privacy assessments, information security compliance audits, and cyber investigations on a worldwide scale, including managing third-party forensic investigations. He defends clients against state and federal governmental agency enforcement investigations, including in health care, financial services, and consumer protection. His clients are in a variety of industries, such as Internet, technology, retail, financial services, health care, utilities, automotive, aviation, satellite, communications, and marketing. He has been recognized in The Legal 500 U.S. as a leading individual in global data protection and privacy outsourcing, was appointed in 2015 to serve as a member of the American Bar Association’s Cybersecurity Legal Task Force, and was the recipient of The National Law Journal 2015 Cybersecurity Trailblazer Award. He received his J.D. from Rutgers University, where he also received his B.A., and a degree from the School of Planning and Public Policy.
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MICHAEL PHILLIPOUPartner, Venable LLP
Michael Phillipou is a partner in Venable’s New York Real Estate group. Michael’s specialties include construction, development, leasing, acquisition and disposition of key assets. Michael has developed a niche representing some of New York’s premier not for profit and quasi-governmental institutions including clients in the educational, cultural, religious, transportation and medical fields. Representative transactions include providing construction counsel for the public areas of the World Trade Center site, major capital expansions for some of New York’s premier educational institutions, the development of the Admiral’s Row project at the Brooklyn Navy Yard and construction of Amtrak’s new concrete tunnel casing, preserving the ability to double capacity into Penn Station. He often serves as outside general construction and transaction counsel to land holding clients.
KRISTEN PORRO REILLYPartner, Porro Law Group LLC
Kristen handles the firm’s estate planning, wills, trusts, and real estate transactions. She brings to the firm her experience in corporate contract negotiations, business formations, and trademark applications, as well as extensive involvement in the food and wine industry. Kristen also backs the firm’s concentration on matrimonial matters, child custody, interstate removal, spousal support, domestic violence, juvenile matters, partnership law, adoptions, and mediation of not-for-profit organization disputes.
ROBERT M. ROGERS, FAIAFounding Partner, Rogers Partners Architects+Urban Designers
Robert M. Rogers, FAIA, is the Founding Partner of Rogers Partners Architects+UrbanDesigners. His work assertively and elegantly combines urbanism, landscape, and architecture. His current projects include a new flagship clubhouse for Madison Square Boys and Girls Club in Harlem, the redesign of Constitution Gardens on the National Mall, the new St. Petersburg Pier, a new nine-acre park over Georgia 400 in Atlanta, and new buildings for Rice, Johns Hopkins, and Drexel Universities. An active lecturer, Rob has served as critic and professor at academic institutions around the country including Harvard University, Yale University, Columbia University, Washington University in St. Louis, Syracuse University, the Southern California Institute of Architecture (SCI-Arc), Tulane University, and held the Cullinan Chair in Architecture at Rice University. Rob holds a B.A. and a Bachelor of Architecture from Rice University and a Master of Design Studies, with distinction, from Harvard University’s Graduate School of Design.
TAMARA P. SALZMANAssociate, Kellner Herlihy Getty & Friedman LLP
Tamara is a graduate of New York Law School, where she was a member of The Rooftops Project and the Center for Real Estate Studies. She is an associate in the firm’s litigation department focusing on landlord-tenant matters and regularly appears in housing court. Prior to law school, Tamara enjoyed the spotlight as an opera singer, and received her Bachelor of Music and Master of Music degrees in opera from The Manhattan School Music and her M.A. in Music Business from New York University.
MEGAN SHEEHANManaging Director, Leasing – New York City, Tishman Speyer
Ms. Sheehan joined Tishman Speyer in 2005 and is currently responsible for overseeing leasing efforts across a number of assets in the New York Metropolitan region. She has spearheaded a number of large, complicated leases during her tenure, as well as managing leasing for signature properties including 200 Park Avenue and 520 Madison Avenue. Prior to joining the company, Ms. Sheehan worked at CBRE where she focused on tenant representation for large corporate clients. She is also a member of the Real Estate Board of New York. Ms. Sheehan holds a B.A. from the University of Wisconsin–Madison and an M.B.A. from Columbia Business School.
SCOTT SHORTCEO, RiseBoro Community Partnership
As CEO of RiseBoro Community Partnership, Scott leads the organization’s work to realize its mission and theory of change, setting strategy and supervising leadership to maximize impact and support the program portfolio with effective operations and sound financial management. He is responsible for anticipating and adapting to changes in the organization’s operational ecosystem and promoting a culture of commitment to and engagement with partners and communities served. Scott led the strategic re-branding of the organization from Ridgewood Bushwick Senior Citizens Council, Inc. to RiseBoro Community Partnership to better reflect the vast work the nonprofit performs across its five divisions: RB Seniors, RB Housing, RB Education, RB Health, and RB Empowerment. Though it began as a community organization offering social services to seniors in Bushwick and Ridgewood, it has greatly expanded its efforts and now serves people of all ages, and in many different communities throughout New York City.
JOEL SINGERAttorney At Law
Joel Singer’s law practice concentrates on commercial real estate transactions with an emphasis on office, retail, industrial, and shopping center leases representing landlords and tenants. Clients have included the local subsidiaries of foreign and domestic banks and holding corporations, hedge funds, private equity firms, legal and architectural professional corporations, not-for-profit associations, and public corporations in transactions throughout New York. Previously, Joel served as Special Real Estate Counsel for Pergament Home Centers, Inc., and as Vice President and General Counsel for Williams Real Estate Co. Inc. (now a New York division of Colliers International). He received his J.D. from New York University School of Law, where he was the recipient of the Fiorello H. LaGuardia Award for Urban Land Law, and his B.A. in English and Economics from Tufts University, magna cum laude.
ELLEN SINREICH, LEED APFounder and Managing Principal, The Sinreich Group
Ellen Sinreich is the Founder and Managing Principal of The Sinreich Group, a real estate law firm based in New York City. She has structured, negotiated, documented, and closed over $15 billion of real estate transactions across the country, including thousands of retail, office, and industrial leases for both landlords and tenants. Clients include institutional and entrepreneurial real estate owners, government agencies, charitable organizations, and Fortune 500 companies. After graduating from Columbia Law School and practicing law at Paul, Weiss, Rifkind, Wharton & Garrison in New York City, Ellen founded Sinreich & Associates, a real estate law firm with a national scope, she joined DLC Management Corp. as general counsel. Armed with the skills and experience gained at DLC, Ellen continues to represent clients on a national basis with the acquisition, development, leasing, financing, and disposition of real estate. Ellen was honored in 2014 as a Pioneering Woman in Real Estate. She has lectured at the Wharton School of Business, Georgetown Law School, Columbia University, New York University, and the New York City Bar Association.
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SUSAN B. WALLACEPrincipal, Zubatkin Owner Representation, LLC
Susan has more than 30 years of experience in not-for-profit management, organizational strategic guidance, and owner representation and for educational, performing arts and community facilities. She specializes in the planning, design and implementation of projects that require the collaboration of multiple stakeholders, coordination of different types of funding, and complex municipal approvals. Through her work, she has frequently assisted owners in building strong project teams, defining and advancing the selection process for architects, contractors and related consultants. Notable clients include the Brooklyn Academy of Music, Madison Square Boys & Girls Club, Second Stage Theatre and The Spence School. Prior to joining Zubatkin, Susan served as an owner’s representative for a major real estate development and consulting firm and as a business and operations manager for a not-for-profit institution in New York City. Her first-hand knowledge and understanding of the owner’s perspective informs her approach in navigating project challenges and developing creative solutions for her clients.
RICHARD WARSHAUERSenior Managing Director, Colliers International NYC LLC
Richard, a senior managing director of Colliers International’s New York Tri-State hub, is an established New York City real estate industry veteran with more than 35 years of industry experience. He has represented major commercial property owners and tenant organizations in a large variety of diversified transactions, ranging from major office buildings to major acreage sales. Colliers International is the third largest commercial real estate services firm globally, with 482 offices in 612 countries, 13,500 employees and 1.12 million-square-feet under management. An avid New York City historian, Richard has been conducting historical walking tours, “The Great Crashes of Wall Street,” since 1988 for the Museum of American Finance and other not-for-profit groups.
STUDENT MEMBERS OF THE ROOFTOPS PROJECT TEAM (2017-2018)
Brenda Alejo (Class of 2018) is an associate with the Center for Real Estate studies, and hopes to pursue a career in transactional law. After her first year of law school, she worked at a non-profit real estate organization in New York City. As a third-year law student, she has focused her studies on financial and real estate compliance. She holds a B.A. in Political Science from Texas State University.
Stephen Caracappa (Class of 2018) is a third-year student at New York Law School with a passion for real estate. At the age of 19, Stephen purchased and renovated his first rental property while attending Stetson University in Florida. Since then, he has purchased and sold several properties rented to college students. Stephen returned home to New York to attend New York Law School where he focuses on Real Estate Studies and has begun purchasing and extensively renovating properties in the New York Area. He is a proud member of the Rooftops Conference where he hopes his personal experiences can help not-for-profits navigate the various real estate challenges in New York City.
Kayla Fonseca (Class of 2018) concentrates her studies on real estate law. She is currently a clinic participant in the Civil Rights Clinic, which focuses on housing rights. To expand her knowledge and understanding of real estate law, she enrolled in Real Estate Transactions & Finance and Corporate Real Estate. She is a member of the New York Law School Dispute Resolution Team. While in law school, Kayla has worked for the New York State Housing Investigations Unit and as an extern in a private firm focused on immigration. She received a B.S., summa cum laude, in Psychology.
Frank Loffreno (Class of 2018) concentrates his studies on real estate law. During law school, Frank has joined the Center for Real Estate Studies and is an active member of the Real Estate club and the Italian club. Prior to attending law school, Frank worked at Credit Suisse in their Prime Brokerage department. While there, he aided equity swap traders by establishing more efficient trading software across their platform. Currently, Frank is externing at a private real estate investment company, where he hopes to work after graduation.
Whitney Richardson (Class of 2018) is a third-year law student at New York Law School. She is an associate of the Center for Real Estate Studies. She has an interest in not-for-profit organizations that support the arts. She has a B.A. in Letters from the University of Oklahoma.
Alison Snyder (Class of 2018) concentrates her studies on real estate law. She is an Associate with the Center for Real Estate Studies and is the Froessel Chair for The New York Law School Moot Court Association. While in law school, Alison has worked in the not-for-profit sector, and as an extern for a landlord-tenant firm. Prior to law school, she received a B.A. in Strategic Communication with a focus in Public Advocacy from Temple University.
Christopher Whalen (Class of 2018) is a third-year law student at New York Law School. He is currently an Executive Editor on the New York Law School Law Review, a member of the Conservation Law and Policy Clinic, and is an avid runner, guitar player, and baseball fan. Prior to law school, he received his B.A., magna cum laude, in History at Ithaca College.
ROOFTOPS CONFERENCE SPEAKERSTHE
12 • The Rooftops Conference
Copyright © 2018 Rooftops Group LLC. Copyright to individual articles and other content reproduced in conference materials is held and retained by the individual author or copyright holder. All rights are expressly reserved. Conference presentations and these materials may not be quoted, copied, referenced, or reproduced in any way, in whole or in part, whether in printed or electronic format, without express written permission, which may be given or withheld in the sole discretion of the individual author or copyright holder.
Project Mission and Goals
The Rooftops Project is an initiative founded and directed by James Hagy, Distinguished Adjunct Professor with the Center for Real Estate Studies at New York Law School. It provides real estate programs, workshops, and Web and print resources for not-for-profit organizations, with several goals:
n To be the host of an ongoing dialogue within the community of not-for-profit executives and managers, not-for-profit board members and volunteers, and real estate industry professionals about topics relating to the effective occupancy, use, and management of real estate in the social sector.
n To highlight and celebrate the diverse roles played by real estate (as physical space) in supporting the missions of not-for-profit organizations of every type, from museums to places of worship, from social and human services to education and advocacy.
n To increase awareness of the contribution that a disciplined approach to real estate can make in not-for-profit organizations of every size, from those with a single location to those with a national or international presence.
ROOFTOPS PROJECTTHE
A few important notes and a legal disclaimer (after all, at New York Law School we are trained as lawyers, and we train future lawyers, so inevitably we think like lawyers):
• Rooftops Conference 2018 and these accompanying materials are not intended and should not be construed as legal, tax, investment, or professional advice.
• The information and views expressed may not apply to individual readers or to their organizations or to any particular facts or circumstances.
• Attendance at The Rooftops Conference 2018 or receipt of these materials does not create any attorney-client relationship.
• Engagement and consultation with appropriately qualified, experienced, and licensed professionals should always be sought with respect to planned transactions, investments, and projects.
• These materials are provided as a supplement to the panel discussions and presentations at the live conference, but do not serve as a summary or outline of the live discussion. They do not purport to be a complete or exhaustive treatment of the topics they address.
• Views expressed by speakers and panelists, or in these materials, are not necessarily those of New York Law School, its faculty, staff, or students.
• Neither Rooftops Group LLC nor New York Law School nor its faculty or staff evaluate, rate, review, or recommend products, services, or suppliers whatsoever. Any particular products, services, or suppliers mentioned are used as examples to illustrate concepts and are for general information only.
• No representations or warranties are given whatsoever, express or implied, with respect to information presented at The Rooftops Conference or contained in these materials or their accuracy. Any representations or warranties that might otherwise exist, whether by statute, common law, or otherwise, are expressly excluded and disclaimed.
• Rooftops Group LLC and New York Law School and its faculty expressly disclaim and do not accept any liability for any loss resulting from errors or omissions contained in, or for following or applying principles or views expressed at, The Rooftops Conference or in these materials, including without limitation any liability for direct, indirect, consequential, exemplary, or punitive damages or for loss of profits or business opportunity, whether by tort, negligence, breach of contract, or otherwise.
Center for Real Estate Studies185 West BroadwayNew York, NY 10013-2921
T 212.431.2306E [email protected]
ROOFTOPS CONFERENCETHE
Friday, April 13, 20188:30 a.m.–12:15 p.m.
New York Law School185 West Broadway
Presented by The Rooftops Project andCenter for Real Estate Studies
Property Perspectives for Not-for-Profit Organizations
2018
NYC
SINCE 1891
WE ARE NEW YORK’S LAW SCHOOL
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