Scott Barone: NYC Real Estate Development | Discovering Commercial Real Estate Podcast #24

1 year ago
23

Scott Barone is the Founder and Principal of Barone Management LLC. Founded in 1999, the company was initially focused on property management and small to medium-sized fee-based construction management projects before expanding into development consulting as well. By 2005, Barone had approximately 400,000 square feet of property under its stewardship, a mix of property management and active construction. However, Mr. Barone’s earliest success arrived via a partnership with The McSam Hotel Group, in which Mr. Barone endeavored to develop a series of hotels in 2009, the first located in Manhattan’s Tribeca neighborhood at 231 Hudson Street, and the second located in downtown Brooklyn within immediate proximity to the Barclays Center at 40 Nevins Street. Both projects proved to be profitable, shifting the firm’s focus solely to developing properties for its own account with an emphasis on long term ownership. Since that time, Mr. Barone has led the strategic vision of the company while overseeing its expansion into various market sectors, including hospitality, commercial, industrial, and community facility from the approach of both ground-up development as well as acquisition and renovation. Most recently, in 2018, Mr. Barone recognized what he believed to be a substantial gap that existed within the educational facilities market and has led his eponymous firm’s foray into the niche charter school sector. Today Mr. Barone manages all aspects of the company’s financial dealings and project design, with a specific focus on creative deal-structuring and management of vital relationships among industry leaders, investors, government officials, and financial institutions.

Whether you're a seasoned pro or just starting out in commercial real estate, you won't want to miss this valuable insight and advice. I hope you all enjoy this episode as much as I did.

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