DANIEL POREMBA has twenty-nine years of hands-on real estate experience in connection with diverse commercial projects nationally. After obtaining his business degree from the University of Colorado and MBA and law degrees from UCLA, Dan began his career at The Prudential Realty Group. He later managed the Denver office and a $1 billion regional portfolio, including development projects and 4-million square feet of office space. His experience includes senior roles with: (1) ORIX Real Estate Equities, managing West Coast development operations; (2) LaSalle Partners, managing regional build-to-suit office projects; (3) ServiceStar Development Company, developing upscale neighborhood retail centers nationally; and, (4) Oakwood Homes, managing land acquisitions and sales, new community entitlements and joint ventures.
Dan founded Via Development Group (a predecessor to Development Advisors) in San Francisco in 1990 with later offices in Washington, DC and Denver. He has provided development and project management services nationally to long-term clients such as Wells Fargo Bank, Union Pacific Railroad, Hines Interests, the E-470 Public Highway Authority and JP Morgan Investment Management.
Mr. Timothy Dreessen
TIM DREESSEN is in his twenty-sixth year of commercial real estate development and brokerage. Tim began his career with Colorado Realty Consultants after graduating with a degree in Real Estate/Construction Management from the University of Denver. His initial project experience included an office build-to-suit, a major church expansion and a medical office building.
Tim joined LC Fulenwider as an office leasing agent and project manager for tenant finish projects. After he successfully leased-up a 450,000 SF downtown office building he returned to CRC where he brokered several investment properties, managed a hospital expansion and construction of a new high school. Tim later joined the CB Richard Ellis Project Management Division to oversee build-suit projects including a charter school and a Fortune 500 regional headquarters. He then assisted a local developer with the development of Clear Creek Square, a complex mixed-use, urban renewal project in downtown Golden (office, retail, residential). He also managed the construction of a 195-unit senior housing project.
Tim subsequently established D&D Development Services (a predecessor to Advisors) which provided project management services to clients such as Mack-Cali Real Estate Investment Trust, First Industrial Real Estate Trust, Don Massey Cadillac, Living Way Fellowship and Castle Pines Community Church.
Mr. Tim Yeager
TIM YEAGER, has worked in various facets of the real estate industry for twenty-five years. During that time he has focused on development, finance, transactions, and operations of several different product types. Tim worked for the real estate joint venture subsidiary of a Washington, D.C. area S & L after graduating from the University of Virginia’s McIntire School of Commerce in 1986.
Since earning a Masters Degree in International Business from the University of South Carolina, Tim has worked for two national apartment REIT’s and served as Chief Operating Officer of MacKenzie House. That organization focused on the development of residential communities, primarily senior housing. In that role he supervised the development and financing of several hundred units in multiple markets
Mr. Alfred Medina
ALFRED E. MEDINA, MAI has 24 years of commercial real estate appraisal experience. Beginning in 1985 with Joseph J. Blake & Associates in Century City, California, he has appraised a wide variety of property types including: apartments, office, retail, industrial, vacant land and mixed-use properties. Clients served include Alex Brown Realty, Bank of America, JP Morgan Chase, Glendale Federal Bank, Maguire Thomas, Massachusetts Mutual Life, Public Storage, The RTC, Wells Fargo Bank and many others.
Prior to graduating from USC in 1986, Al worked for commercial real estate investment firms and developers in Southern California. He attained the MAI designation of the Appraisal Institute in 1994. After working for Arthur Andersen & Co, and Landauer Real Estate Counselors, he began AM Real Estate Analysis in Laguna Niguel, California and worked closely with several other fee appraisers in California, Arizona and New Mexico. Since 1997, Al has lived in Colorado and worked in Denver for Integra Realty Resources and Washington Mutual.
Mr. Thomas J. Mussallem
TOM MUSSALLEM has twenty-seven years of hands-on financial, accounting, operations, risk management and IT experience with twenty-three years primarily in residential real estate. Tom began his career in Public and Corporate Accounting after graduating with his Finance and Accounting degree and MBA degree from Northwest Missouri State University. Shortly thereafter, Tom focused on the real estate industry and gained a variety of experiences working with: (1) Oakwood Homes of Denver as CFO for 16 years; (2) MDC Holdings (parent company of Richmond American Homes) as Corporate Cash Manager, Division Controller and Director of Internal Audit; and, (3) Broe Companies as Controller of its property management operations.
Tom has managed financial strategy, created business plans and cash flow projection models and maintained the financial records for 30+ operating entities including securing individual bank lines of credit, implementing a bank syndicated credit facility, issuing $100m+ in General Obligations Bonds for Metro Districts and. creating a captive insurance company. Tom is a member of the AICPA.
Mr. Les Gruen
LES GRUEN is president of Urban Strategies, Inc., a Colorado Springs-based real estate development and advisory services company founded in 1999. He has worked with the principals of Development Advisors on a number of large projects including collaborative assignments for lenders and developers (he is an active member of the Lender Practice and Community Developer Practice teams at Advisors). Les received his B.A. from the University of Puget Sound in Tacoma, Washington. He was a Rhodes Scholar nominee and attended the University of British Columbia’s graduate program in Urban Land Economics.
As Assistant to the Chairman of Mobil Land Development Corporation, Les played a key role in Mobil’s 1981 acquisition of the internationally known Banning Lewis Ranch in Colorado Springs, Colorado. In 1984 he moved to Colorado Springs serving as Marketing Manager for the Ranch and subsequently became manager of Mobil’s Colorado Springs office and assisted with other large development projects nationally. He now assists clients, including lenders and major property owners, enhance the value of their holdings including the conception and implementation of development and disposition strategies. The Broadmoor Hotel is one of Les’ long-time clients and he has assisted the Hotel in much of its award winning development over the past decade. In 2007 he was appointed by the Governor to the State Transportation Commission.
Client Driven Solutions
Development Advisors, LLC
2000 South Colorado Boulevard Annex Building, Suite 250 Denver, Colorado 80222