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Atlanta | Austin | Baltimore | Boston | Charlotte | Chicago | Dallas-Fort Worth | Houston | Los Angeles | PhiladelphiaNew Jersey | New York | San Antonio | San Francisco | Seattle | South Florida | Washington | National
December 12, 2011
Smooth sailing from DC to NYC! Washington Deluxe offers
upscale buses, clean bathrooms, free WiFi, power outlets, and a
schedule that fits your busy day. Find out more here.
The Peebles Corp chairman and CEO Don Peebles is now in NewYork, looking to recreate the local entrepreneurial developmentbusiness he launched in DC, Florida, California, and Las Vegas. Andnew development and a $500M private equity f und will follow.
His Big Apple plans include building and redeveloping boutique,non-branded hotels Downtown (catering to global travelers), andbringing more luxury residential projects to markets like TriBeCa
and SoHo. As for the fund, think along the lines of a CanyonJohnson Urban Fund —it'll provide capital for projects, especially
for underserved communities and entrepreneurs that don’t haveaccess to the Blackstones or Apollos of the world. Senior associate for development and investments Daniel Newhouse has
The largest commercial real estate publication in the United States.
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moved here with Don to help build a New York team, already up tosix.
Part of Don's strategy is immersing himself (and his family) in newmarkets by becoming part of the local fabric. This approach hascreated successful projects elsewhere, he says, like the luxury The
Residences at t he Bath Club in Miami (above), with an average of 3,600 SF per unit. “No one had dared to build such large units on theocean before,” he tells us. Others he’s built: Courtyard by MarriottConvention Center in DC, a 100k SF office building at 2100 Martin
Luther King Blvd SE in DC (in a once-economically blighted sectionof the city), and the Royal Palm Hotel in South Beach, Fla. He’swritten two books on his real estate experience, including ThePeebles Principles.
Don with wife Katrina and Barron Channer , VP of development for the Eastern US and Caribbean. His inspiration? Don's mother,Yvonne Willoughby Pool, who raised him as a single parent. “She
was ahead of her time when it came to controlling her own destiny,becoming an entrepreneur,” he says. Others were uncle Carol
McIntosh and grandfather Thomas Willoughby, a Marriottdoorman for four decades in DC (talk about full circle). Even thoughhe operates one of the largest African American real estatedevelopment companies in the US, Don says his family is his most
important role—you can find him coaching his son’s basketballgames and cheering on his daughter’s equestrian competitions.
POST-RECESSION SCHMOOZERS
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The mood was decidedly upbeat during the schmooze portion of Bisnow’s New York Post-Recession Projects event last Thursdayat the New York City Bar Association, where we snapped TLREnergy’s Scott Miller , Kastle Systems’ Bob DiProspero, and
Cogswell Realty’s Michiel Schuit chatting and coffee-ing up amongthe 125 attendees. See post-event coverage here.
LePatner & Associates’ Ron Feingold, Norine Bagate, and JeffreyKleiner with The Switzer Group’s Lou Switzer . Ron tells us he’sworking on the acquisition of an engineering client by a large Frenchcompany, as well as the legal close-out issues of a major construction project on the West Coast. Overall, LePatner’s currentprojects include negotiations for a new $200M W Hotel inPhiladelphia and serving as construction counsel and project
manager for the new Tiffany & Co flagship store in SoHo. The firmalso is overseeing a new HQ facility for client American Physical
Society.
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Rosen Johnson Architects’ Linda Eklund, Urban Realty’s StanListokin, LAZ Parking’s Gunnar Klintberg, Fireball Network’s
Deena Baikowitz, and BG Studio’s Francesca Bucci. Stan andLinda traded stories about the Catskills property market, while she
and Francesca, who does architectural branding for cruise lines,discovered they both attended the liceo in Rome (Francesca grew
up in the Prati neighborhood, while Linda lived in Monte Sacro).Linda also tells us Rosen Johnson is busy upgrading a major residential complex in Queens and anticipates going into constructionwith one of the oldest church organizations in the city, alandholder since the 1600s. (If it's rent controlled, that would be two
shillings/month.) Deena says she’s busier than Santa this season,with the 12 days of Christmas and at least 12 parties.
Aon Fire Protection Engineering’s Michael Rzeznick and Deloitte’s
Mark Blumkin. Michael tells us his firm is working on two largehospitality projects in Manhattan, as well as building code
consulting and automatic sprinkler retrofit projects at ahealthcare project in Briarcliff Manor and Coler-Goldwater
Memorial Hospital on Roosevelt Island. He says for the past twomonths, he’s seen a significant uptick in requests for assistance onproperty condition assessments in the Tri-State, Southwest, andMid-Atlantic.
What do you call Santa's little helpers? Subordinate clauses. Send
jokes and story ideas to [email protected] and
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CONTACT EDITORIAL CONTACT ADVERTISING CONTACT GENERAL INFO
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This newsletter is a journalistic news source which accepts no payment for featured interviews. It is supported by conventional advertisers clearly identifiedin the right hand column. You have been selected to receive it either through prior contact or professional association. If you have received it in error,please accept our apologies and unsubscribe at bottom of the newsletter. © 2010, Bisnow on Business, Inc., 1817 M St., NW, Washington, DC 20036. Allrights reserved.
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