Sacramento State Of The Market

As a former high level athlete and starting with the shirt on his back fresh out of UC Davis, Paul Petrovich is now one of the largest commercial real estate developers in the Western United States. He specializes in the ever-changing and dynamic retail development arena as well as developing large infill mixed-use projects few would tackle. After a 17-year career as the area’s most prolific commercial real estate broker having closed over $7bln of investment sales, land and lease transactions, he made the rare transition to becoming a developer. Over the past 21 years, he has developed more than 70 projects totaling over $1.1 bln and has another $1bln of projects in his immediate pipeline. What is highly unique about Paul, is he developed all his projects with no financial partners of any kind and holds 100% fee ownership of all his assets. He is known for his direct, no non-sense approach to business and his willingness to overcome any barrier placed in his path while never giving up, something his WWII hero and highly decorated father instilled in him. Come hear Paul speak about the current state of the retail market, his insights into the market as a whole, how he is diversifying his portfolio and perhaps a few words about local politics and the impact on the region.

Abbie Wertheim is a Senior Development Manager at Panattoni Development Company with a focus on industrial development across Northern California. Most recently, she was an industrial real estate broker at JLL in Sacramento. Her current work draws on a career in land use economics, public policy and economic development. She hails from Texas, so you may hear the twang come out, but with 18 years in Northern California she is definitely home.

Barry Broome serves as the first President and CEO of the Greater Sacramento Economic Council. The organization is the catalyst for innovative growth strategies in the Capital Region of California. Barry is responsible for leading community-driven efforts to retain, attract, grow, and scale new businesses; develop advanced industries; and guide new job-creation strategies throughout a six-county region. In his role, he has established the first-ever public/private partnership economic development organization in the State of California; the organization comprises 37 CEO’s and 19 communities in the Greater Sacramento region. Previously, Barry was the President and CEO of the Greater Phoenix Economic Council (GPEC) where he delivered more than 50,000 jobs and 250 company locates into the Phoenix Region. Under his leadership, for six out of the ten years, GPEC was named one of the top economic organizations in North America by Site Selection Magazine. In 2013 he was also named Arizona Economic Developer of the Year, Arizona Real Estate Executive of the Year, and received the Phoenix Black Chamber of Commerce award. Prior to Arizona, Barry was the CEO of Southwest Michigan First (SMF), where he built an organization from scratch that was later listed in the Top 20 companies in North America by Site Selection Magazine. In 2006, SMF was named one of the fast 50 companies in Inc. Magazine, the first nonprofit to have that honor. Barry built and co-developed venture funds, angel networks, and 31 new ventures – primarily in the life science space in the Kalamazoo region. Barry was named Michigan Economic Developer of the Year in 2001. Preceding Michigan, Barry led the economic development in Toledo, Ohio, where he completed the largest industrial deal in the history of the United States called Project Jeep; which was built on 450 acres of brownfields in the North Central Toledo area. Barry was also the keynote speaker at Arizona State University’s 2009 graduation and has been a guest lecturer at the University of Chicago, Notre Dame, Arizona State University, University of Arizona, Kalamazoo College, and Western Michigan University.