ANTHONY PALAZZO

Partner / Joint Venture- Equity and Debt provider.

Performed all legal and business activities necessary for development of a Celebrity Gastro-Pub in the West Village, New York City, NY.

Directed and supervised the entire restaurant development process beginning with original underwriting, income and expense analysis and due diligence checklist, market and competition research. Obtained community board approval, liquor license application and approval, engaged Engineer and… Show more

Partner / Joint Venture- Equity and Debt provider.

Performed all legal and business activities necessary for development of a Celebrity Gastro-Pub in the West Village, New York City, NY.

Directed and supervised the entire restaurant development process beginning with original underwriting, income and expense analysis and due diligence checklist, market and competition research. Obtained community board approval, liquor license application and approval, engaged Engineer and Architects contract for services as well Design Architects for branding, concept development and comprehensive integration of Brand Personality and special design issues for Celebrities. Review of lighting, acoustical and aroma issues.
Project sold to successful operator in 2012.
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Construction Manager:

Supervising and performing everything necessary in the preparation and full completion of Celebrity driven Gastro-pub in the difficult New York City construction environment including all of the following activities:

a) Negotiated lease with Landlord including tenement improvement allowance.
b) Drafted Operating Agreement with Joint Venture Partners
c) Overseeing Engineer and Architects contract for services,
d) Completing application to the… Show more

Construction Manager:

Supervising and performing everything necessary in the preparation and full completion of Celebrity driven Gastro-pub in the difficult New York City construction environment including all of the following activities:

a) Negotiated lease with Landlord including tenement improvement allowance.
b) Drafted Operating Agreement with Joint Venture Partners
c) Overseeing Engineer and Architects contract for services,
d) Completing application to the Community Board for liquor license,
e) Obtain applicable insurance
f) Supervising site work including, demolition and removal of debris,
g) Final Building Department and Zoning office Project Plan with Seal
h) Engage and oversee construction Agreement with General Contractor
i) Review Fire / Safety requirements and ensure proper performance by General Contractor.
j) Review and complete all ADA requirements
k) Engage kitchen consultant and prepare contract for services
l) Performance Bonds for access to unknown additional capital availability
m) Review all Change orders prior to payment
n) Monitor construction schedule and review budget actual versus planned,
o) Assist General Contractor in obtaining NYC utility approvals,
p) Obtain temporary and final Certificate of Occupancy

Completed ground breaking to Certificate of Occupancy in 8 months. Construction was completed within budget projections with few change orders. Gastro-pub was sold in 2012.
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Complete re-development and renovation of 25,000 SF distressed shopping center including budget and cost analysis, supervised architects, engineers, contractors, vendors and all third party professionals and suppliers and leased to 90%.

Supervised the accuracy of offering memorandum, year -to date budget versus actual monies spent and accuracy of monthly performance reports, quarterly variances, timeliness, and management plans. Review asset management performance as well as past financial performance including income, collections, expenses and net operating income to ensure corporate projections were achieved for asset; analyze financial statements and make necessary operating adjustments to correct revenue stream and cost… Show more

Supervised the accuracy of offering memorandum, year -to date budget versus actual monies spent and accuracy of monthly performance reports, quarterly variances, timeliness, and management plans. Review asset management performance as well as past financial performance including income, collections, expenses and net operating income to ensure corporate projections were achieved for asset; analyze financial statements and make necessary operating adjustments to correct revenue stream and cost efficiency as represented. Hire, direct, and supervise third-party on site property management companies to ensure optimum performance by tracking performance goals and reviewing prospective achievements to actual numbers. Work with leasing broker to analyze market and lease space actual performance. Frequent site inspections to assess the physical condition of building and develop, recommend, and implement value-add action plan prior to placing asset on market. Direct capital expenditures, alterations, maintenance, and reconditioning of property as necessary for sale. Show less

Disposition of $85 million dollar (489,116 SF) Mack- Cali Realty owned Dallas Metroplex Office Portfolio. Properties located in Uptown/Turtle Creek, Mid-Cities, Las Colinas and Plano/Richardson. Worked closely with Roger Burke of Insignia Brokerage, Dallas Texas to analyze and market portfolio. Frequent site inspections to assess the physical condition of building and develop, recommend, and implement value-add action plan prior to placing asset on market. Direct capital expenditures… Show more

Disposition of $85 million dollar (489,116 SF) Mack- Cali Realty owned Dallas Metroplex Office Portfolio. Properties located in Uptown/Turtle Creek, Mid-Cities, Las Colinas and Plano/Richardson. Worked closely with Roger Burke of Insignia Brokerage, Dallas Texas to analyze and market portfolio. Frequent site inspections to assess the physical condition of building and develop, recommend, and implement value-add action plan prior to placing asset on market. Direct capital expenditures, alterations, maintenance, and reconditioning of property as necessary for sale. Show less

Equistar, LLC (AMP Advisors / Anthony Palazzo and Louis Guevara) and SKD Capital Corp arranged $30,000,000.00 from Bayrock Group and assisted in the negotiation of a Joint Venture Development agreement between Bayrock and John Nivens, President and CEO of Baldragon Homes of Scotland to develop an Entertainment Resort in the Township of Riverhead.

Weis Plaza- Sourced distressed 118,000 SF retail shopping center from a national CMBS B piece buyer. Raised equity with a JV relationship with Palisades Asset Investment Fund. Renovated and sold asset for 20% return on equity in only 12 months.

Responsible point person for the acquisition of 1.2 million square feet of properties consisting of 10 Mixed-Use Retail Shopping Centers ranging in size from 100,00 SF to 250,000 SF and located in seven unique markets (Downers Grove and Mt. Prospect IL; Cincinnati, OH, Falls Church, VA; Germantown, MD and Gaithersburg MD; Voorhees, NJ; Duluth, GA; Columbia, SC and S. Petersburg, FL). As the sole person responsible for acquisitions of a large portfolio of property the duties were expansive and… Show more

Responsible point person for the acquisition of 1.2 million square feet of properties consisting of 10 Mixed-Use Retail Shopping Centers ranging in size from 100,00 SF to 250,000 SF and located in seven unique markets (Downers Grove and Mt. Prospect IL; Cincinnati, OH, Falls Church, VA; Germantown, MD and Gaithersburg MD; Voorhees, NJ; Duluth, GA; Columbia, SC and S. Petersburg, FL). As the sole person responsible for acquisitions of a large portfolio of property the duties were expansive and included complete due diligence of buildings, working with architects, engineers, local brokers and marketing departments, appearance at planning boards, review of pre-construction planning compared to actual and proposed site construction, a legal review of the over 1,000 leases, coordinating the property condition reports, environmental impact studies, traffic studies, consulting and working with local citizen groups, governmental bodies and other interested parties, preparing the individual and portfolio financial modeling & valuation analyses and portfolio financial modeling & valuation analyses, coordinating the JV Equity participation and financing with the investment bank and legal department, negotiation of service agreements with independent consultants, analyzing lease abstracts and preparing the properties for transition to the property management department. Show less

Won competitive bidding process with Jones Lang LaSalle and Supervised the Acquisition and Lease-back of a 489,116 SF Prudential (now Aetna) Riverfront Corporate Office Building for Ocwen Financial, which included a complex lease-back and space contraction agreement with Prudential as well as a sale, leaseback and construction of a 4 level parking garage to the neighboring Baptist Community Hospital. The sale and leaseback of the Parking Garage to the neighboring Hospital was an integral… Show more

Won competitive bidding process with Jones Lang LaSalle and Supervised the Acquisition and Lease-back of a 489,116 SF Prudential (now Aetna) Riverfront Corporate Office Building for Ocwen Financial, which included a complex lease-back and space contraction agreement with Prudential as well as a sale, leaseback and construction of a 4 level parking garage to the neighboring Baptist Community Hospital. The sale and leaseback of the Parking Garage to the neighboring Hospital was an integral aspect of the transaction included in the agreement to mitigate the negative effects of the lease agreement contraction provision.

While actively negotiating the acquisition of the Corporate Office Building, he negotiated a simultaneous sale of parcel of land controlled by the Corporate Office Building to the adjacent Hospital for sale to the adjacent Hospital and negotiated the construction of a parking garage with a long term lease back of a full section of parking garage with covered parking for the proposed new tenants.

Mr. Palazzo was also solely responsible for the complete due diligence associated with the acquisition of the Corporate Office Building . The seller of the Corporate Office Building refused to give representations and warranties regarding many of the representations in the offering memorandum. Mr. Palazzo negotiated a per square foot amount for the lease-back of the office space retained by the seller prior to contraction. He also negotiated that the his buyer company could measure the building according to American Archducal Institute Standards. The AAIS measurement demonstrated an approximate 10% increase in the actual size of the 489,116 SF Corporate Office Building to be 525,000 SF thereby producing a value creation of 10% in the rental fees to the company buyer which had to be paid by the Corporate Seller as per the negotiated lease agreement.

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Supervised the sale of a Nationwide pool of residential and commercial construction loans. The pool consisted of performing and non-performing loans. Directed and supervised the entire loan sale process beginning with a review of the original underwriting/due diligence package and the appropriate loan documents. Reviewing the original loan for
a) Consulting Engineer and Architects contract for services
b) Original Construction Agreement with General Contractor
c) Review of… Show more

Supervised the sale of a Nationwide pool of residential and commercial construction loans. The pool consisted of performing and non-performing loans. Directed and supervised the entire loan sale process beginning with a review of the original underwriting/due diligence package and the appropriate loan documents. Reviewing the original loan for
a) Consulting Engineer and Architects contract for services
b) Original Construction Agreement with General Contractor
c) Review of Performance Bonds for access to unknown additional capital availability
d) Reviewing Letters of Credit for possibility of unknown capital costs
e) Check all third party contracts to see if they are outside the scope of the Original Construction Agreement with the General Contractor and must be reviewed by Company Engineer and Architect for necessity and quality assurances.
f) Final Building Department and Zoning office Project Plan with Seal
g) Review and determine if the original construction schedule was realistic
h) Determine whether permits issued can be revived without a new application.
i) Determine if a site inspection is necessary when a Project has been stalled over a full four seasons.
j) Environmental issues were addressed as if no ground breaking had begun.
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While at Mack-Cali Realty, Mr. Palazzo spearheaded the financial analysis and structural integrity for accuracy, reviewed offering memorandum and was responsible point person for complete acquisition of 489,116 SF - 4 - 6 Campus Drive Office Park in Parsippany, NJ. The acquisition included working with architects, engineers, post-construction inspection, performing a building grounds facility review, coordinating the market analysis, property condition reports, environmental impact studies… Show more

While at Mack-Cali Realty, Mr. Palazzo spearheaded the financial analysis and structural integrity for accuracy, reviewed offering memorandum and was responsible point person for complete acquisition of 489,116 SF - 4 - 6 Campus Drive Office Park in Parsippany, NJ. The acquisition included working with architects, engineers, post-construction inspection, performing a building grounds facility review, coordinating the market analysis, property condition reports, environmental impact studies, traffic studies, consulting and preparing the individual and portfolio financial modeling & valuation analyses, preparing a leasing strategy and management determination whether it be to sell or create value through adopting exemplary property management procedures and staffing quality determinations. Show less