 Breakfast Meeting Details
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BREAKFAST MEETING Current Issues in Construction Lending: A Panel Discussion with the Experts Tuesday, November 13,
2007 - 8 until 9 a.m. at Club 101 101 Park Avenue at 40th Street,
NYC Lenders and Equity
Providers Only • Advance Registration Not Required Members - No Charge • Nonmembers - $40 at the door
James
E. Branigan ROBERT BARONE
has held the leadership position of Senior Vice President of Inspection & Valuation International, Inc., since the mid-1990s.
Mr. Barone’s primary responsibility is oversight of IVI’s Project Management Oversight Division, which monitors
more than 200 construction/renovation projects each month. Prior to this position, Mr. Barone held various field and
supervisory positions within the organization. Mr. Barone’s 25 years in the construction industry span a wide range of projects in the commercial and residential areas, with a strong concentration in complex mixed-use projects. He has also been responsible for reviewing development proposals and providing owner representation services for foreign governments, major lending institutions, and equity investors. Throughout his career at IVI, Mr. Barone has monitored a wide range of construction project types, including but not limited to the Wynn Las Vegas, a $2.5 billion, 5,200,000 SFG resort and casino in Las Vegas; Trump International Hotel & Tower, a $600 million 96-story mixed-use building in Chicago; The Cosmopolitan, a $2.0 billion +/- 6,000,000 SFG resort and casino in Las Vegas; Time Warner Center, an $860 million, 2,800,000 SFG mixed-use building in Manhattan; Xanadu, a $1.2 billion, 5,900,000 SFG enclosed mall in East Rutherford, New Jersey; and Atlantis — Phase III, a $730 million expansion of the Nassau, Bahamas, resort. In addition to his oversight of construction projects, Mr. Barone has completed Property Condition Assessments on behalf of lenders and investors, inclusive of the Vista Hotel in Manhattan. Mr. Barone is also called upon regularly to assist in the review and preparation of construction contracts and building loan agreements. Mr. Barone participated in the preparation of the ASTM’s E2018-01 “Standard Guide for Property Condition Assessments,” and currently serves as the co-chairman of the ASTM’s E50 Real Estate Transaction Committee, developing the “Standard Guide for Readily Observable Mold and Conditions Conducive to Mold in Commercial Buildings: Baseline Survey Process.” Mr. Barone also serves on the E50’s committee on the “Standard Guide for Property Condition Assessments” to prepare Property Condition Assessments. - - - JAMES E. BRANIGAN
has written several papers on insurance and risk management in real estate finance for the Practicing Law Institute (PLI)
and co-authored a chapter on insurance in the Commercial Leasing book published by the New York State Bar Association in 2004.
He co-authored Model Insurance Requirement for a Commercial Mortgage Loan, which has been widely published in trade publications
and in the Practical Real Estate Lawyer. He has also served on the PLI faculty for eleven years, has been a speaker
at the New York Bar Committee on Leasing, and was a panelist on insurance in commercial leasing for the New York City Dirt
Lawyers. He has made presentations on terrorism insurance before the New York State Bar Association — Real Property
Section annual meeting (January 2002) and the Texas Bar Advanced CLE Seminar (July 2002). Mr. Branigan has also delivered
numerous insurance training sessions for commercial real estate lenders, the Real Estate Lenders Association, and law firms
throughout the United States and Europe. Since 1992 Mr. Branigan has conducted or directly supervised the insurance and risk management due diligence reviews in over $200 billion in real estate loans. Today his firm serves over twenty-five real estate investment banking firms completing nearly 225 transactions in 2007, 75% of which were construction loans. Mr. Branigan attended City University of New York and the State University of New York, where he studied Fire Science and Business Administration. He is licensed as an Insurance Broker and Insurance Consultant by the State Insurance Department of New York. --- MARC SHAPIRO is a partner in Orrick, Herrington & Sutcliffe's Global Real Estate Group, resident in its New York office. He has concentrated his practice in real estate and real estate finance for over 20 years, representing institutional lenders and private investors in sophisticated debt and equity transactions involving real estate. In 1993, Mr. Shapiro established the first securitized lending program to the hospitality industry through a $2 billion commitment from a major Wall Street financial institution. He has also been actively involved in mezzanine lending since the earliest large mezzanine transactions of the 1990s. Mr. Shapiro has represented clients in over $8 billion in financings and equity investments involving over 500 properties in all 50 States, the Caribbean, Canada, Latin America, Europe, and Southeast Asia, including over 300 hotel properties and numerous development and construction projects. He has also represented lenders and borrowers in over 150 debt restructuring transactions including structured asset dispositions, and sales and acquisitions of single asset and portfolio debt in the secondary market. Noteworthy transactions in which Mr. Shapiro served as lender's counsel include One Detroit Center (Detroit, MI), The Hotel Pontchartrain (Detroit, MI), The U.S. Grant Hotel (San Diego, CA), The Las Vegas Paradise Boutique Hotel (Las Vegas, NV), The Hotel Plaza Athenée (New York, NY), The Daily News Building (New York, NY), The Park Central Hotel (New York, NY), The Woolworth Building (New York, NY), and the town of Fresh Meadows, NY. Mr. Shapiro also serves as Counsel to RELA. --- In 2001, JOHN J. TUCCI merged an engineering consulting services firm he created in 1997 with Hillmann Group, LLC. Prior to creating his own firm in 1997, (JTN and Associates, Inc.), Mr. Tucci established and managed the Engineering Services division of another national building and construction consulting firm. From 1988 to 1995, Mr. Tucci served as Regional Vice President for Kenneth O. Wille and Associates, Inc., an engineering consulting firm based in New York City. Mr. Tucci’s responsibilities included building and construction engineering consulting services for major lending institutions, including plan and cost reviews, property condition assessments and engineering reports, construction monitoring, construction management, owner’s representative services, workouts, and other owned real estate services. Mr. Tucci has performed property condition assessments and engineering reports for a wide range of commercial and residential properties throughout the continental United States, Alaska, Hawaii, the Caribbean, Canada, and Latin America. Properties have included high- and low-rise commercial office/retail/industrial buildings, hotels, regional and strip shopping centers, and apartment complexes (some in excess of 1,000 units, high- and low-rise). Mr. Tucci has also performed construction review and monitoring services for a wide range of commercial and residential properties throughout the continental United States. The Engineering Division of Hillmann, established by Mr. Tucci, presently monitors more than 70 projects for real estate lenders and investors and performs owner’s representative services. Mr. Tucci worked in real estate development and construction/engineering design before entering the engineering consulting field and has developed, constructed, and managed commercial and residential properties in several states. Projects have included office developments (high- and low-rise), retail buildings, industrial buildings, and single- and multi-family residential properties. Mr. Tucci’s design background has included traffic engineering while employed for five years at the New Jersey Department of Transportation and land development engineering in New Jersey and South Florida. o - 0 - o
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