iGlobal Forum is pleased to introduce The Impact of COVID-19 on Real Estate and Reopening – Four Segments, 10 Points of View virtual event, taking place on May 21st 2020, at 11am (EST).
As the country rapidly moves towards reopening, with all the related risks for property owners and users, it’s vital to have accurate and current information about trends and best practices. Join the law firm of Duane Morris and iGlobal for an in-depth yet lightning-fast round of observations and ideas for handling your reopening pain points, as they discuss:
What the economics and a macro view of real estate are telling us.
What landlords and tenants are considering as buildings reopen.
What should happen with building systems in the new normal.
ESG and Sustainability – How can we use these investments to reopen better than before?
Brad A. Molotsky is a partner in the law firm of Duane Morris LLP, practicing in the area of real estate.
Partner
DUANE MORRIS
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He is a member of the firm’s COVID-19 Strategy Team, a team lead of the Project Development/P3 industry group and co-head of the firm's Opportunity Zones practice group.
Mr. Molotsky focuses in the areas of opportunity zone fund creation and fund deployment, financing, public private partnership (PPP or P-3), real estate joint ventures (including mixed-use and multi-family development), commercial leasing (including a focus in cannabis leasing), and acquisitions and divestitures.
He also has deep experience in environmental, social, governance, public company issues such as enterprise risk, internal audit, compensation, as well as energy efficiency, sustainability and corporate social responsibility.
Prior to joining Duane Morris and for nearly 20 years, Brad served as executive vice president, general counsel and corporate secretary of Brandywine Realty Trust. During his tenure, the company grew from 40 buildings to approximately 300 buildings, totaling 28 million square feet.
Kevin C. Gillen, Ph.D. is an economist who holds positions as both a Senior Research Fellow with the Lindy Institute for Urban Innovation and an adjunct Professor of Finance at Drexel University.
Senior Research Fellow
Lindy Institute for Urban Innovation
Drexel University
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With a background in urban economics, real estate finance and public policy, Dr. Gillen’s research and consulting practice is concentrated in applied work in the analysis of real estate developments and operation of real estate markets, including their fiscal, economic and financial implications. This work is deployed in advising both public and private sector entities on the costs/benefits of public policy options, as well as the design and implementation of local economic development strategies. His research on urban economic issues appears in numerous publications and is cited in various policy applications.
Dr. Gillen’s past clients have included the Pew Charitable Trusts, the Philadelphia Land Bank, the State of Rhode Island, CoreLogic, the Delaware Valley Regional Planning Commission, the Philadelphia Tax Reform Commission, Jones Lang LaSalle, the Building Industry Association of Philadelphia, the New Jersey Council for Affordable Housing, the Congress for New Urbanism, Toll Brothers Inc., the Pennsylvania Housing Finance Authority, the City of Philadelphia’s Treasurer’s Office, the Philadelphia Gas Works, the Bank of Delmarva, the Pennsylvania Horticultural Society, the Philadelphia Redevelopment Authority, the Schuylkill River Development Corporation, the Philadelphia Housing Authority, the William Penn Foundation, and the U.S. Geological Survey, to name a few.
He also maintains an active practice in litigation consulting as an expert witness. Past clients have included Pepper & Hamilton LLP, Fox Rothschild LLP, Cozen O’Connor LLP, Schnader Harrison Segal & Lewis LLP, Dechert LLP and Klehr Harrison Harvey Branzburg LLP.
Dr. Gillen’s research has been cited in the Financial Times, the Wall St. Journal, New York Times, Bloomberg News, The Bond Buyer, Philadelphia Inquirer, Philadelphia Daily News, The Philadelphia Citizen and Philadelphia Magazine. He has testified multiple times on matters of real estate trends and public policy issues to Philadelphia City Council, the Pennsylvania State Legislature and the U.S. Congress.
Dr. Gillen has been producing regular quarterly reports on the state of the Philadelphia region’s housing and condo markets since he was a student at Wharton. The reports are made available to the general public free of charge. Their findings are frequently cited by local media outlets and he regularly presents their results at local industry conferences and public meetings. Current and past reports can be accessed here.
The Philadelphia Inquirer, Philadelphia Daily News and The Philadelphia Citizen have described him as "a highly regarded economist" "who has brought order and credibility to housing data over the last several years as a neutral, not an industry, source" and is "a well-respected economist" who is "the foremost expert on property values in the Philadelphia region."
Dr. Gillen also serves as a board member of the Building Industry Association of Philadelphia, the Pennsylvania Builders’ Association and the Greater Philadelphia Association of Realtors. He is also the Senior Economic Advisor to Houwzer LLC.
Dr. Gillen has lectured at the University of Pennsylvania, Columbia University, Drexel University, Temple University and Thomas Jefferson University (formerly “Philadelphia University”).
He is also deeply experienced in the programming languages of SAS, Matlab and Mathematica.
Prior to joining Drexel University, Dr. Gillen held positions as the Chief Economist of Meyers Research LLC, as a Senior Research Consultant with the University of Pennsylvania’s Fels Institute, a Senior Economist with CoreLogic and as a Vice President of Econsult Corp.
Dr. Gillen received his Ph.D. in Applied Economics in 2005 from the Wharton School of the University of Pennsylvania, concentrating in urban economics and real estate finance. While at Wharton, he received both the U.S. Department of Housing and Urban Development Dissertation Award and Lincoln Land Institute Dissertation Fellowship Award; the two highest dissertation awards in the field of urban economics. Before matriculating at Wharton, Dr. Gillen worked for the Federal Reserve Board of Governors and HUD’s Federal Housing Finance Agency (FHFA) in Washington D.C. He received his B.A. in economics with a minor in mathematics from Canisius College in Buffalo, N.Y., and also graduated with a Regents Diploma from Holland Central School in Holland, N.Y.
Russ Lindberg is a Managing Director in the Real Estate Investment Banking Group at Morgan Stanley.
Managing Director - Real Estate Investment Banking
Morgan Stanley | Investment Banking Division
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Russ joined the firm in 2008 following business school and prior to business school, Russ worked for Wachovia Securities (now Wells Fargo Securities) as an Investment Banking Analyst. Prior to Wachovia Securities, Russ was a minor league baseball player in the Florida Marlins organization.
Russ earned a Bachelor’s degree in Finance from Bucknell University in 2001 and an MBA in Finance and Real Estate from The Wharton School, University of Pennsylvania, in 2008. Russ resides on the Upper West Side of Manhattan with his wife, Amelia, and their two daughters.
Jennifer Wong, CFA® is a Portfolio Manager in Glenmede’s Philadelphia office.
Portfolio Manager, Private Investments Vice President
Glenmede
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In this role, she assists the Director of Private Investments in all aspects of investment selection and portfolio management across fund investments, secondaries, co-investments and directs, focusing on impact-oriented investments and emerging markets investments.
Prior to joining Glenmede, Ms. Wong was a Health Financing Specialist with the Clinton Health Access Initiative and seconded to the Ministries of Health of Malawi and Liberia. In this role, she obtained $330 million of HIV funding for the country of Malawi, which procured anti-retroviral drugs for 650,000+ Malawians, and also advised the World Bank on Ebola financing flows. Ms. Wong began her career in the investment banking division of Bank of America Merrill Lynch, where she structured over $2 billion of transactions on behalf of power clients. She has previously also worked in various roles in Israel and Kenya.
Ms. Wong received her Masters of Business Administration degree in multinational management from the Wharton School, University of Pennsylvania and a Bachelor of Arts degree in economics from the University of California, Berkeley and retains the Chartered Financial Analyst® designation.
Ms. Wong served as the Co-President of Wharton Impact Investing Partners, a 100% student-led impact venture fund, and currently serves on the advisory board. Ms. Wong also serves as Chair of the Board for One for the World, an effective altruism organization. She is a member of the Private Equity Women Investor Network and was named a Global Shaper by the World Economic Forum.
Joanna Frank is the Founding President & CEO of the Center for Active Design (CfAD), where she advances design and development practices to foster healthy and engaged communities.
President & CEO
The Center for Active Design (CfAD)
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CfAD is the operator of Fitwel, a unique certification system originally developed by the US Center for Disease Control and Prevention. Fitwel has translated the global public health evidence base into practical design and operational strategies for buildings and communities to optimize health.
Prior to launching CfAD, Ms. Frank worked for the City of New York during the Bloomberg Administration, where her positions included Director of Active Design and Director of the NYC FRESH program. Ms. Frank's career started in real estate development as a partner at Bright City Development, LLC where she was responsible for mixed-use residential projects that prioritized sustainable design.
Ms. Frank is a member of the Urban Land Institute's Affordable/Workforce Housing Council and an active partner in ULI's Building Healthy Places initiative.
Sara Neff is Senior Vice President, Sustainability at Kilroy Realty Corporation.
Senior Vice President, Sustainability
Kilroy Realty Corporation
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Sara took Kilroy from having no sustainability program to being named the #1 publicly traded real estate company on sustainability in North America by GRESB, and under her leadership the company recently committed to becoming the first carbon neutral real estate company in North America by the end of 2020.
At Kilroy, she oversees all sustainability initiatives such as solar and battery dealmaking, the implementation of energy and water efficiency initiatives throughout the existing and development portfolios, the integration of sustainability standards into annual financial reports, the launch of the Kilroy Innovation Lab, and the award-winning green leasing program.
She holds a BS from Stanford and an MBA from Columbia Business School.
Steve Ashkin is founder and president of The Ashkin Group, a globally recognized leader in the cleaning industry, where he is considered the ‘Father of Green Cleaning.’
President
The Ashkin Group - The Green Cleaning Experts
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His hands-on approach to problem-solving and market transformation led to his founding and serving as CEO of Sustainability Dashboard Tools, which provides tools and expertise to help organizations move from green to sustainable.
Michael Scelzi is the Chief Executive Officer of Talos IoT. Mr. Scelzi’s 30 years of experience enable him to constantly innovate ways to conserve energy using existing systems.
CEO
Talos IoT
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Mr. Scelzi holds multiple patents in the energy field, including: energy analysis, electrical signature analysis, energy reporting and determining the insulating value of built structures. Talos IoT manufactures sensors for HVAC systems that through machine learning assess the conditions of those systems.
He has a Bachelor’s of Engineering from Maritime College, NY, a Masters of Business Administration from the College of William and Mary, as well as a master HVAC License, and he’s also a CEM Certified Energy Manager. As a serial entrepreneur, he has a proven track record of anticipating market needs and designing solutions for those problems.
Chris Pyke, Ph.D, formerly a physical scientist with the U.S. Environmental Protection Agency and current principal investigator for the Green Health Partnership
Principal Investigator
Green Health Partnership
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Chris Pyke, Ph.D. was formerly Vice President for Research at the US Green Building Council, and a physical scientist with the U.S. Environmental Protection Agency. He is a principal investigator for the Green Health Partnership, a long-term research initiative supported by the Robert Wood Johnson Foundation. Currently, Dr. Pyke is Senior Vice President for Product for ArcSkoru, Inc.[] ; prior positions were Chief Strategy Officer for Aclima, Inc., [] and Chief Operating Officer for GRESB, B.V., Dr. Pyke has served in a number of advisory roles, including as a lead author for the United Nations Intergovernmental Panel on Climate Change, chair of the US EPA Chesapeake Bay Program Scientific and Technical Advisory Committee, and co-chair of the U.S. Climate Change Science Program Interagency Working Group on Human Contributions and Responses to Climate Change. Dr. Pyke is on the faculty of the Urban and Regional Planning Program at Georgetown University. He holds a Ph.D. from the University of California, Santa Barbara and a B.S. from the College of William and Mary.
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