The CRE Project

The CRE Project

By Clayton KingBusinessInvesting
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The CRE Project episodes

  • From Rancher to Real Estate Developer

    In this episode, we sit down with John Black, which is a synonymous name with Commercial Real Estate in Albuquerque, NM. We discuss John's history with taking his 1,000 plus acre ranch and developing it into one of the largest retail trade areas in the State of New Mexico. We discuss what he learned and experienced throughout the years and also how he feels about today's market.

    John F. Black has been in the real estate business for over 40 years. John specializes in vacant land entitlements, sales, and project development in the Albuquerque and Rio Rancho Metropolitan area.


    John originally developed a 1,150 acre planned community known as the Seven Bar Ranch and Cottonwood Mall 3.8 million square foot commercial trade area within the Seven Bar Ranch development and planned and zoned and annexed the 6,700 acres NW Bernalillo County Black Ranch property now referred to as the Quail Ranch in the City of Rio Rancho.

    As the former Managing Partner in the Seven Bar Land and Cattle Company which owned 1,150 acres in NW Albuquerque John planned, re-zoned, and developed and/or sold over 400 acres of commercial land in the Seven Bar Ranch project (Cottonwood Mall retail subarea of Albuquerque). This retail development area is the largest retail trade area in New Mexico containing over 3.8 million square foot commercial development today. The feature retail project in the Seven Bar Ranch Cottonwood subarea is the 95 acre 1.2 million square foot Cottonwood Regional Mall owned by the world's largest retail mall owner, the Simon Group. Other featured retail developments that are in this 3.8 million square foot retail trade area are the 41 acre Cottonwood Plaza and 60 acre Cottonwood Corners power center located within the Seven Bar Ranch on Albuquerque's Northwest metro area.

    John is also involved with many build-to-suit leases and ground leases in the Cottonwood Mall area. As the Managing Partner owner and developer, John was the principal partner responsible for developing and leasing the Corrales Shopping Center, Alameda West Shopping Center, and Las Tiendas Shopping Center in the Seven Bar Ranch project.

    John has been a partner and developer in several other major developments outside of the Seven Bar ranch. He developed the Promenade Shopping Center in Northeast Albuquerque, Montano Plaza, and Coors Central Shopping Center in Northwest Albuquerque. John is currently working on several new retail projects in the City of Rio Rancho and his remaining properties in the Cottonwood Mall subarea.

    John is a partner in two planning and development lease projects with the State Land Office of New Mexico. These properties are in the northern area of the City of Rio Rancho. City Centre project is a new urban downtown development in Downtown Rio Rancho.

    The 530 ace mixed-use Paseo Gateway project fronts on the new Paseo del Volcan west side freeway (the only new Metro freeway in Central New Mexico since the 1960s). Paseo Gateway features the new LEEDS certified Sue Cleveland High School in Rio Rancho and the new Cleveland Heights residential subdivision now under development and several key commercial land tracts in the City of Rio Rancho.

    John Black has served over 13 years on the Board Member of the Laguna Development Corporation which is a multi-million dollar company operating a hotel and casino, a supermarket, travel centers, restaurants, and over 1,100 employees in the west Metro area.



    1 hr 3 min
  • From Retailer to Real Estate Investment Broker

    John Riser started his commercial real estate career with Marcus & Millichap in 2001 and quickly achieved the status of Senior Director. In 2004, John earned his first membership into the Chairman’s Club and entrance into the firm’s Seven-Figure Club. He was the Top Multi-Tenant Retail agent (2004 & 2005). John left Marcus & Millichap in 2008 to start the independent boutique brokerage firm, Riser Retail Group. In his spare time he calls the TV time outs for the Indianapolis Colts games and passionately enjoys mountain and road biking, traveling, wine tasting, and golf.

    Education:

    – Shortridge High School , Indianapolis, IN
    – Bachelor of Arts in Telecommunications from Indiana University

    Professional Affiliations:

    – International Council of Shopping Center

    1 hr 3 min
  • Developing Relationships and CRE w/ Daniel Lebensohn of BH3 Management

    This is an awesome show! We sit down with Dan Lebensohn to talk about how he went from a high power real estate attorney in New York to becoming an active investor and developer of CRE. We talk about some of his war stories and lessons he has learned over the course of his career. 

    With an expertise in complex distressed and workout scenarios, Mr. Lebensohn oversees the Deal Sourcing, Legal and Structuring components of BH3’s acquisitions. Prior to cofounding BH3, Mr. Lebensohn served as in-house counsel to a Manhattan owner, operator and developer for several years and has more than 20 years of investment and operational experience, including acquisitions and management of multifamily and commercial projects in NYC through his first company Wilder Realty LLC.

    Mr. Lebensohn holds a juris doctorate from the prestigious New York Law School and practiced law in New York City for more than 12 years, during which he was actively acquiring and turning around assets in the Tri-State region.

    Daniel also serves as Co-Portfolio Manager of the BH3 Debt Opportunity Fund I, L.P. where in that capacity he is jointly responsible for all major decisions including investment decisions, legal strategy and asset dispositions.

    Mr. Lebensohn also serves as Co-CEO, Investment Committee Member and Board Member for Crixus BH3 Acquisition Company (Nasdaq: BHAC), a special purpose acquisition company focused on real estate, construction and infrastructure.


    50 min
  • Josh Simon - Growing and Thriving in CRE Development

    In this episode we sit down with Josh Simon of Simon CRE to discuss some of lessons he has learned over the course of his career. He describes what it is like to grow a team and take risks! 

    Joshua began his career in commercial real estate in 2004, and it wasn’t long before his headstrong attitude allowed him to forge ahead and start SimonCRE in 2010, during some of the toughest of economic times. As Founder and CEO, Joshua leads the company’s growth strategy while directing the daily operations. He carries the torch for a team committed to developing projects that benefit clients and the communities they serve.

    SimonCRE develops properties all across the country. To date, the company has completed over 230 projects across 22 states, equaling a total value of more than $530 million.

    When Joshua isn’t in the office (which is rare), you’ll likely find him advocating for the CRE community. He applies his boundless energy toward supporting and giving back to the industry he loves. He’s served on a number of boards and routinely presents as an industry expert at conferences like ULI Deep Dive and ICSC Next Generation, as well as forums for AZRE and Bisnow, among others.

    SimonCRE isn’t Joshua’s first foray into entrepreneurship either. He previously started a hosted VoIP company which he sold to a publicly-traded company four years later.

    Accomplishments
    • ICSC’s “4 Under 40 Awards” (2021)
    • GlobeSt. Real Estate Forum’s “Influencers in Net Lease” (2021)
    • GlobeSt. Real Estate Forum’s “Influencers in Retail” (2020)
    • Connect CRE’s “Next Generation Awards” (2020)
    • Phoenix Business Journal’s “Most Admired Leaders” (2017)
    • AZRE’s “People to Know” (2016)
    • AZRE’s “Influential Millennials” (2016)
    • Phoenix Business Journal’s “40 Under 40 Class of 2015”
    • Chain Store Age “10 Under 40” (2015)
    • GlobeSt. Real Estate Forum’s “Tomorrow’s Leaders: Southwest” (2014)
    • GlobeSt. Real Estate Forum’s “Tomorrow’s Leaders: Retail” (2014)
    • The Arizona Republic “35 Entrepreneurs 35 and Younger” (2014 & 2012)
    • Memberships & Organizations
      • ICSC Next Generation Leadership Network (NGLN)
      • ICSC (State Government Relations Chair – Arizona; Co-Chair, ICSC Four Corners)
      • ULI (Commercial and Retail Development Council)
      • Real Estate Investment Advisory Southwest Chapter
      • Young Presidents’ Organization (YPO)
      • Aspen Institute
      • National Young Leadership Club at JFNA
      • Aji Network
      • Arizona State University Sun Devil Club (Board of Directors)
      • Arizona State University President’s Club
      • The American Israel Public Affairs Committee (AIPAC)
      • Education
        • B.A. in Interdisciplinary Studies, Arizona State University

        • 41 min
        • Corporate Site Selection with Lisa Walker and Cheryl Fry

          In this episode we sit down with real estate manager's for McDonalds and El Pollo loco to discuss corporate site selection. We talk about the correct way to present sites to corporate real estate managers and the process behind them reviewing sites. 

          Lisa Walker has over 30 years of corporate restaurant real estate experience.  She joined the National real estate team at McDonald’s in 2019 and quickly became a top performer with the highest signing inventory in 2020. She has recently been elevated to a Real Estate Lead and oversees the deal makers in the southwest part of the country.

          Prior to McDonald’s she led the real estate teams for El Pollo Loco and Wendy’s Hamburgers and has handled multiple markets across the nation for Corner Bakery Cafe and Which Wich Sandwiches during the critical growth years for those brands.

          She holds a BS in Organizational Communications from the University of Texas and is a former member of the origin dance drill team, the Kilgore College Rangerettes, where she recently served as president of the Rangerettes Forever alumni group. She is a former volunteer of the year for the Women’s Foodservice Forum and an active member of a professional DFW women’s real estate group called Deals in Heels.

          When she’s not busy sourcing great real estate she can be found spending time with her son and daughter-in-law, reading classic and current books, country western dancing and planning international travel with her shopping buddies.

          56 min
        • Ben Lewinger : The Role of Cannabis in Commercial Real Estate

          It is no secret that the Cannabis Industry is rapidly growing in the CRE space. In this episode we sit down with Ben Lewinger, the Executive Director of New Mexico Cannabis Chamber of Commerce. We talk about the impact Cannabis is having and will continue to have on the CRE Landscape. 

          Ben Lewinger is a public affairs professional with a history of working on projects that have moved New Mexico forward. He is currently the executive director of the New Mexico Cannabis Chamber of Commerce, a membership organization representing producers, manufacturers, testing facilities, and cannabis-adjacent businesses across NM, dedicated to the responsible growth of the cannabis industry.


          Contact Information

          Ben J. Lewinger

          Exective Director

          New Mexico Cannabis Chamber of  Commerce

          (505) 886-2256

          nmcannabischamber.org


          59 min
        • Bob Mohr: Building Spec and Navigating Construction Costs During COVID!

          In this episode we sit down with a true veteran in the CRE industry, Bob Mohr. We discuss how Bob has built his empire and how he has actually thrived during COVID when most have struggled. We dive into the retail, industrial and office segments separately and get his take on the current events and future of each segment! We hope you enjoy!

          Here is additional information about our guest!

          Two years after the Indiana native moved to Dallas to begin a promising career in commercial real estate, the market crashed. A less tenacious individual might have been disheartened by the downturn in 1986. Bob Mohr saw it as an opportunity to serve an underrepresented clientele—commercial real estate tenants who had no choice but to work with brokers and others representing both sides of a transaction.

          As the Founder and CEO of Mohr Partners, he leveraged his long-term vision, savvy negotiating skills and commitment to looking out for his clients’ best interests into a unique business model that has made Mohr Partners the go-to representative for high-profile corporations around the globe. Today, the company provides a comprehensive suite of client-focused services that include web-based software, strategic planning, economic development, construction management, lease administration, financing, and brokerage services.

          With 24 offices and more than 300 associates, Mohr is the largest exclusive corporate real estate services firm in North America—overseeing 500 million square feet of space in more than 20,000 locations.

          In 2000, Bob’s entrepreneurial instincts were the catalyst behind the creation of Mohr Capital—an innovative real estate investment firm that improves and develops office, industrial and retail properties across the country while offering unrivaled lease rates and a unique share of profits to tenants. Under his leadership, Mohr Capital counts Verizon, Hertz, Baylor Scott & White, Goodyear, Cooper Tire & Rubber and Northrup Grumman among the prestigious tenants and corporate users occupying Mohr Capital properties throughout the United States.

          Following Bob’s example of conscious capitalism and community service, the team at Mohr Capital are passionate advocates in their communities—actively helping organization such as Jonathan’s Place, a Dallas-based safe haven for abused and neglected children, teens and young adults.

          Bob Mohr

          Mohr Capital

          214-273-8603

          52 min
        • How the Evolution of the Apparel Industry is Going to Impact CRE - Larry Meyer (Former CEO of Forever 21)

          We are excited for this episode as we sit down with a very experience and seasoned Apparel Retailer and get his take on the evolution of the Apparel Industry and how it is going to impact CRE. 

          Larry Meyer is an experienced Retail C-Suite Executive (UNIQLO, Forever 21, Gymboree, Toys R' Us, Pepsi Co.) and active independent board member (Forever 21, John Varvatos, Rue 21). 

          With years of experience growing both private and public companies, Larry is a wealth of knowledge when is comes to the apparel industry and site selection. 

          1 hr 2 min
        • The Impact of E-Commerce and Digital Strategy - Nick Egelanian

          In this epsiode we sit down with a really compelling guest that educates us on the history, current state, and future of retail real estate evolution. 

          Considered a leading expert on retail and the shopping center industry, Nick A. Egelanian pioneered the segmentation of retail into Commodity & Specialty sub-groups as the author of the retail chapter of the Urban Land Institute's Professional Real Estate Development: The ULI Guide to the Business, 3rd Edition in 2012.


          Mr. Egelanian served as VP of Real Estate & New Store Development for Crown Books and FAO Inc/Zany Brainy before forming SiteWorks Retail Real Estate Services in 1992. As President of SiteWorks, Nick has worked with clients including Stuart Weitzman, Balducci’s, Jos. A. Bank, Starbucks, Justice, Lane Bryant, & Zoës Kitchen.

          Nick has also advised an array of owners & developers throughout North America, including Vornado Realty Trust, Cadillac Fairview, Madison Marquette, Ramco-Gershenson Properties Trust & Bayer Properties, with whom he partnered in the development of over 1.5M sq ft of Specialty Retail. He is currently acting as the chief retail advisor to Sagamore Development, the developer of nearly 250 acres of waterfront property in Baltimore, MD that will house Under Armour’s new 4M sq ft headquarters facility & up to 1.5M sqft of retail in a 15M sqft mixed-use development.

          Mr. Egelanian is an active speaker & writer on retail trends & the evolution of the retail industry, & has coined the phrases “Post-Department Store Era” & “Convergence Era” in his numerous articles & editorials in publications such as Shopping Centers Today, Chain Store Age, Shopping Center Business, & the ULI’s Urban Land Magazine. Nick teaches retail real estate development in the Colvin Real Estate Development graduate program within the UMD’s School of Architecture, Planning & Preservation in College Park, MD & is a faculty member at the ICSC’s Univ of Shopping Centers in Philadelphia & Riordan School in Miami.

          He earned a Doctor of Law (J.D.) degree at the George Washington Univ National Law Center in 1982 & a BS degree in Finance from UMD, College Park in 1979.

          We hope you enjoy this episode as much as we did! 

          58 min
        • Developing Relationships and Real Estate - Trent Gilley

          In this episode we talk with Trent Gilley with Vaquero Ventures out of Ft. Worth. We discuss his extensive experience in Retail real estate development and how he has navigated building relationships throughout his career. 

          Trent Gilley

          Acquisitions & Development
          2900 Wingate Street, Suite 200
          Fort Worth, TX 76107
          Direct: (817) 819-8826
          www.vaqueroventures.com

          50 min

        About The CRE Project

        From the publisher's feed

        The CRE Project Podcast is a educational and informative platform for Commercial Real Estate Professionals. Rather you’re just getting into the CRE business or you’re a veteran in the industry, The…