Orange County's 2017 Forecast

Kevin is the Founder and Managing Partner of Pendulum Partners. His daily oversight of the firm’s investment and asset management activities ranges from setting larger strategic objectives to tactical implementation of any given project. Kevin has closed over $844 million of commercial real estate property transactions since 2010. This achievement required him identifying and closing on opportunities, including structuring joint-venture agreements with a number of institutional partners. He takes a “hands-on” approach by working on each asset from acquisition through disposition to ensure best execution. Prior to founding Pendulum Partners, Kevin opened Lincoln Property Company’s Orange County and San Diego offices, and oversaw all operations including acquisitions, dispositions, asset management, property management and development. The third-party asset and property management platform added over $1.5 billion of property during his more than eight years running the region for LPC. Kevin offers a true end-user perspective combined with deep market knowledge and a solid fundamental understanding of tenant demand. His background in leasing informs his investments and operations approach. His more than 14 years in commercial real estate began at the Irvine Company in office leasing, prior to spending four years in tenant representation at Cresa Partners. Notably, Kevin and his family are active volunteers for Safe Families for Children. Kevin held a Board Member position with NAIOP for 2014 and 2015 and also served as a Board Member for Think Together from 2005 to 2015.

Russ Parker has been a managing partner of Parker Properties since 1994. Parker Properties is a “best in class” asset services and development company specializing in office campus projects and commercial real estate services projects in Southern California. For the last 22 years, Parker Properties has developed and managed over 2,700,000 sf in 14 significant office projects. Our developments include the 150,000 sf build to suit for Advanced Bionics in Santa Clarita, the 167,000 sf QLogic Campus and the nine story Pacific Life Insurance building in Aliso Viejo. Parker Properties is currently under construction on the final phase of Summit, a 205,000 sf build to suit for medical device maker MicroVention/Terumo Corporation. Russ Parker is the design, entitlement, new projects, and marketing partner in charge for Parker Properties.

Wilbur H. Smith III is the Principal and founder of Greenlaw Partners, LLC and Greenlaw Management, Inc. Mr. Smith personally oversees all aspects of the company’s acquisition, operations and investment development/redevelopment programs. Since inception and under Mr. Smith’s leadership the company has completed in excess of $2.0 billion in acquisitions and dispositions of commercial real estate properties. Currently, Greenlaw manages a portfolio in the Western United States in excess of five million square feet that is comprised of office, industrial, retail, multi-family, resort and land assets. Mr. Smith received a Bachelors of Science degree in Agriculture from California Polytechnic State University, San Luis Obispo and earned a Master’s Degree in Real Estate Development from the University of Southern California. Mr. Smith is a licensed California real estate broker and a member of Young Presidents Organization (YPO)- Orange County Chapter.

Allison Schneider Kelly is a First Vice President in Brokerage Services in the Newport Beach office of CBRE. She began her career with CBRE, Inc. in 2004, and specializes in the leasing, acquisitions and dispositions of office properties for both owners and occupiers of real estate locally and beyond throughout the Greater Airport Area and South Orange County marketplaces. During her career, Allison has been involved with over 4.5 million square feet of transactions totaling over $1.5 billion in consideration.

With a multi-faceted real estate career spanning more than 30 years, Richard Douglass oversees all operations of Trumark Homes’ Southern California Division. He has led organizations that have constructed more than 10,000 homes – from entry level to multi-million dollar products including high-rise development – with revenues well in excess of $3 billion. Prior to joining Trumark Homes, Mr. Douglass most recently headed Ryland Homes’ operations in Southern California and previously was Southern California Division President for Centex Homes. Mr. Douglass is an integral member of the Building Industry Association of Southern California, where he recently held a position on the Governance Committee and also served as the President for the Orange County Chapter in 2004. For his commitment to the community beyond the building industry, he received the “Spirit of Life” Award from The City of Hope and the “Good Scout” Award from the Boy Scouts of America. A native of San Clemente, Mr. Douglass received his Bachelor of Art degree in Political Science from California State University, Long Beach. Richard also attended Orange Coast College, where he graduated from the school’s Construction Technology and Applied Mathematics program.

Charles Tourtellotte is the President and Chief Executive Officer of LaTerra. Mr. Tourtellotte’s real estate investment management experience includes more than 30 years of successful senior management positions with institutions and public companies, as well as, entrepreneurial ventures, including all aspects of capital formation, property acquisitions, asset management and dispositions. At the entrepreneurial level, Mr. Tourtellotte founded three companies, one of which became a publicly traded company. Mr. Tourtellotte served as CEO for each of these companies. Prior to LaTerra, Mr. Tourtellotte founded Shoreline Communities, a real estate development company specializing in both single and multifamily projects primarily in San Diego County, California. Shoreline and its management team completed development of more than 1,000 multifamily units and 2,000 single family homes. In 1992, Mr. Tourtellotte founded MetroGolf, Inc., a NASDAQ traded company, which owned, acquired, developed, and managed golf courses and driving ranges across the United States. As President, CEO, and Chairman of the Board, Mr. Tourtellotte took MetroGolf, Inc. public in 1996 with an IPO, and later led MetroGolf through a merger and acquisition transaction with another NASDAQ listed company. Mr. Tourtellotte served as a Senior Acquisitions Officer at two national real estate investment companies, Consolidated Capital and Robert A. McNeil Corporation, where he acquired more than 12,000 multifamily units and 10,000,000 square feet of commercial office and retail properties in major markets throughout the United States. A graduate of the Daniels College of Business at the University of Denver, Mr. Tourtellotte has taught real estate and finance courses at the University of Denver and the University of Colorado. He has been featured on the Today Show, CNN and CNN/FN.

John Buchanan serves as the Director of Economic Development for the City of Tustin. Over the course of his 15-year tenure, he has been responsible for the planning and development of City- owned properties at Tustin Legacy. Tustin Legacy is a 1,600-acre master-planned community that is being developed on land formerly known as Marine Corps Air Station (MCAS) Tustin. To date the City has committed 750 total acres to development including completed projects and in progress planning for single family housing neighborhoods, multifamily and affordable housing, lifestyle centers, non-profit and education facilities as well as state-of- the-art commercial office development. In addition to his work on Tustin Legacy, Buchanan’s responsibilities include negotiating and structuring transactions and advising on financing issues. Prior to joining Tustin, Buchanan was with P2 Economics, a real estate economic and financial consulting firm. He has also served in economic development, redevelopment, and planning capacities with the cities of Anaheim and Pasadena, and as the Director of Economic Development for the State of Nevada. While in Nevada he served on the board of Regents for the University of Nevada System. He is a member of ULI where he serves on the Public/Private Partnership Council. Buchanan holds a bachelor’s degree from the University of Utah and an M.B.A. from Claremont Graduate University.

William R. Ahern began his legal career at Allen Matkins in 1998. He is a partner in our Orange County office and head of the firm's Joint Venture Practice Group. Bill's practice primarily focuses on real estate transactions, with a special emphasis on helping meet his clients' real estate needs in a tax-efficient manner. For close to 20 years, Bill has advised on purchase and sale transactions, financings, joint venture structures and restructures, tenancy-in-common arrangements, 1031 like-kind exchanges, fund formations and various tax issues encountered in connection with real estate transactions. The other portion of Bill's practice focuses on estate planning. Bill has represented numerous high-net worth clients in connection with the preparation of their estate plans through the use of revocable and irrevocable trusts, insurance trusts, split-dollar arrangements, family limited partnerships, and self-canceling installment notes.