SAN DIEGO—Mixed-use development has multiple stakeholders at every turn, and the complexity of stacked uses in and of itself is hard to explain on paper, which makes it hard to execute in the built environment, OliverMcMillan's Michael O'Hanlon tells GlobeSt.com. The firm recently hired O'Hanlon, a senior real estate manager and industry veteran, as COO. He will be responsible for implementing the company's strategic plan, managing all aspects of the OliverMcMillan organization and furthering the company's growth.
O'Hanlon has more than 35 years of experience in real estate management, development, portfolio strategy operations, capital-markets transactions and joint ventures. He has directed two major US real estate company's asset-management groups with portfolios of diversified real estate assets valued at approximately $6 billion and $11 billion, respectively, and most recently served as CEO and president of Behringer Harvard's opportunity-style real estate investment trusts. We spoke exclusively with O'Hanlon about his new position and the challenges of mixed-use development.
GlobeSt.com: What are your goals in your new position with OliverMcMillan?
O'Hanlon: I'd like to build on the tremendous history and track record at OliverMcMillan. We are a 38-year-old company with leadership from the original principles. I hope to bring an outside perspective that can elevate and expand our company to greater success for many years to come.
GlobeSt.com: What are the challenges in mixed-use development today?
O'Hanlon: Mixed-use development is the toughest kind of ground up development because there are multiple stakeholders at every turn. The complexity of stacked uses in and of itself is hard to explain on paper, which makes it hard to execute in the built environment. Fortunately for us, we have several completed projects we can use to illustrate our vision, which helps tremendously.
GlobeSt.com: Where are there untapped opportunities in mixed-use development today?
O'Hanlon: Given the complexity of mixed-use projects and the difficulty to execute, we find there is frankly less competition. We specialize in urban mixed-use that is vertically stacked and very dense. The urbanization of Metro America will only continue and we see vast opportunities in many cities, including secondary and tertiary markets—not just the major metros.
GlobeSt.com: What else should our readers know about mixed-use development and what OliverMcMillan is doing?
O'Hanlon: OliverMcMillan has completed some of the most beautiful mixed-use projects in the country. We've been very fortunate to have built these projects and have learned many lessons along the way. All of this experience has been vital to our success and has continued to make us better and better at what we do.
SAN DIEGO—Mixed-use development has multiple stakeholders at every turn, and the complexity of stacked uses in and of itself is hard to explain on paper, which makes it hard to execute in the built environment, OliverMcMillan's Michael O'Hanlon tells GlobeSt.com. The firm recently hired O'Hanlon, a senior real estate manager and industry veteran, as COO. He will be responsible for implementing the company's strategic plan, managing all aspects of the OliverMcMillan organization and furthering the company's growth.
O'Hanlon has more than 35 years of experience in real estate management, development, portfolio strategy operations, capital-markets transactions and joint ventures. He has directed two major US real estate company's asset-management groups with portfolios of diversified real estate assets valued at approximately $6 billion and $11 billion, respectively, and most recently served as CEO and president of Behringer Harvard's opportunity-style real estate investment trusts. We spoke exclusively with O'Hanlon about his new position and the challenges of mixed-use development.
GlobeSt.com: What are your goals in your new position with OliverMcMillan?
O'Hanlon: I'd like to build on the tremendous history and track record at OliverMcMillan. We are a 38-year-old company with leadership from the original principles. I hope to bring an outside perspective that can elevate and expand our company to greater success for many years to come.
GlobeSt.com: What are the challenges in mixed-use development today?
O'Hanlon: Mixed-use development is the toughest kind of ground up development because there are multiple stakeholders at every turn. The complexity of stacked uses in and of itself is hard to explain on paper, which makes it hard to execute in the built environment. Fortunately for us, we have several completed projects we can use to illustrate our vision, which helps tremendously.
GlobeSt.com: Where are there untapped opportunities in mixed-use development today?
O'Hanlon: Given the complexity of mixed-use projects and the difficulty to execute, we find there is frankly less competition. We specialize in urban mixed-use that is vertically stacked and very dense. The urbanization of Metro America will only continue and we see vast opportunities in many cities, including secondary and tertiary markets—not just the major metros.
GlobeSt.com: What else should our readers know about mixed-use development and what OliverMcMillan is doing?
O'Hanlon: OliverMcMillan has completed some of the most beautiful mixed-use projects in the country. We've been very fortunate to have built these projects and have learned many lessons along the way. All of this experience has been vital to our success and has continued to make us better and better at what we do.
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