Kansas City Real estate

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2015 has truly been an unpredictable year! As we look back at last winter’s headlines, the 2015 predictions were all off the mark. Interest rates, inflation and the stock market were all predicted to escalate much higher in 2015. However, as a surprise to many, the Federal Reserve continues to keep rates historically low. There has been little to no change in inflation and although volatile, the stock market has experienced very minimal growth. Meanwhile, international concerns, the undetermined true cost of Obamacare, and the pending rise of interest rates and unemployment remain on the minds of many. Will our economy come to a standstill and will we face another bust in the real estate market?

CBIZ & Mayer Hoffman McCann P.C., along with Polsinelli, are proud to host a real estate and economic outlook seminar designed to provide insight as we peer into the future. This seminar will benefit real estate developers, commercial lenders, investment bankers, underwriters, licensed real estate agents, investors, accountants, attorneys, government officials involved with the housing and development markets, as well as other professionals giving advice to people in the real estate industry and the general business community.

Our two firms are very excited to bring this well-seasoned, talented group of speakers together to share their knowledge, business acumen and perspective on today’s economic environment and its impact on the future. We hope you can join us on November 13th. This is an event you don’t want to miss!

Warmly, Scott Slabotsky, CBIZ & Mayer Hoffman McCann P.C.William J. Sanders, Polsinelli John Petersen, Polsinelli

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Please RSVP by Monday, November 10, 2015 for this informative Real Estate & Economic Outlook seminar which will address the state of Kansas City’s economy and where it’s headed.

To reserve your seat, visit https://2015KCRealEstateSeminar.eventbrite.com. The cost of this seminar is $150 per person. If you have questions or need more information, contact Meagan Edmonds at (913) 234-1655.

Presented by:

Friday, November 13, 2015 8:00 am - 3:00 pm-

Kansas City Marriott Hotel(downtown)

200 West 12th Street, Kansas City, MO

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7:30 – 8:10 Registration

8:10 – 8:20 Introduction 8:20 – 9:10 KEYNOTE SPEAKER – MONICA MEHTA 2016: Recession or Progression?

9:10 – 10:00 The Collaborative Crystal Balls: The future of KC from the Mayors’ Perspectives 10:00 – 10:15 BREAK 10:15 – 11:00 Multifamily Housing is Booming – is it a Bubble?

11:00 – 11:50 Banks Prediction on the Future Rise of Interest Rates and How to Keep the Economy Moving Forward

11:50 – 1:00 LUNCH

1:00 – 1:50 Income Tax Considerations for the End of the Year Tax Planning and the Effect on Tangible Property Regulations

1:50 – 2:50 Real Estate Development: The Challenges With and Without State and Local Incentives

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MONICA MEHTA is a finance expert who offers cultural commentary on money — how it impacts the economy, politics and our ability to lead entrepreneurial lives. She is a managing principal at the Texas based investment firm Seventh Capital and has 16 years of experience investing capital and operating consumer businesses. She has written columns for Bloomberg BusinessWeek, INC and Entrepreneur Magazine and has appeared on Real Time with Bill Maher, the O’Reilly Factor, Fox News, Fox Business, CNN, The Adam Carolla Show, Bloomberg TV, MSNBC and ABC News. Monica is the author of the award winning book The Entrepreneurial Instinct: How Everyone Has the Innate Ability to Start a Successful Small Business (McGraw-Hill 2012). She is an Operation HOPE Project 5117 Ambassador, empowering economic mobility by teaching five million at-risk kids financial literacy basics and providing one million middle and high school students entrepreneurship training.

2016: Recession or Progression?Six years post-recession, how is the current recovery measuring up with past expansions? Will rising rates, a national election and slow growth overseas tip the U.S. from progression to recession? In this presentation, finance expert Monica Mehta will explore the economic outlook in 2016 for consumers, businesses and investors facing turbulent times.

MONICA MEHTA

Finance Expert

Managing Principal, Seventh Capital

Author

Operation HOPE Project 5117 Ambassador

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PresentersRUSS WELSH, Chairman and Chief Executive Officer, PolsinelliWith three decades as a commercial trial attorney and seventeen years as Chairman and CEO of Polsinelli, W. Russell Welsh develops strong business and personal relationships. His leadership style demonstrates an uncompromising work ethic, business insight, trust and honesty to the clients who choose Polsinelli as their counsel and to the attorneys who choose Polsinelli as their career choice. Russ continues to guide the firm’s strategic growth trajectory, positioning Polsinelli as a comprehensive national business, regulatory and litigation law firm. He oversees the 750+ attorney firm, which has grown from just 90 attorneys at the beginning of his tenure as Chairman.

MAYOR RANDY RHOADS, City of Lee’s Summit, MOMayor Randy Rhoads was elected into office on April 6, 2010 after serving as a Lee’s Summit Council-member for twelve years and as Mayor Pro Tem for nearly two years. His first experience in municipal government was serving on the Lee’s Summit Public Safety Advisory Board from 1987-1998 and the Charter Commission from 1995-1996. He also co-chaired the Public Safety Task Force and the Public Safety Bond Committee.

ROBERT LANGENKAMP, President and CEO, Economic Development Corporation - Kansas City, MODuring Bob’s time with the City of Kansas City, MO, he was involved in negotiating the City’s positions on, as well as guiding the implementation of, many major redevelopment projects. Bob was appointed as an Assistant City Manager in 2009, and was additionally appointed as the Director of City Planning in 2012. In 2015, Bob was appointed President and CEO of the Economic Development Corporation, which serves as Kansas City’s primary economic development organization.

T H E C O L L A B O R AT I V E C R Y S TA L B A L L S : T H E F U T U R E O F KC F R O M T H E M AYO R S ’ P E R S P E C T I V E S

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SCOTT M. SLABOTSKY, Lead Managing Director, CBIZ | Shareholder, Mayer Hoffman McCann P.C.Scott Slabotsky, a licensed CPA in the Kansas City office of CBIZ & Mayer Hoffman McCann P.C. He has over 35 years of experience in public accounting and has particular expertise in providing sound business solutions for closely held businesses, real estate companies, healthcare providers, hotel/hospitality companies, individuals, partnerships, limited liability companies and wholesalers.

BRENNER HOLLAND, Vice President, Residential Development, Hunt Midwest Real Estate Development, Inc.Brenner Holland joined Hunt Midwest in 2004. His primary focus is on the management of the day-to-day operations of the residential real estate division, which is currently developing 12 residential communities located in Kansas City’s Northland, Platte County, North Kansas City, Lee’s Summit and Raymore, Missouri. He is also responsible for the identification, entitlement and acquisition of land for future projects and for the research and development of new residential product offerings.

NICK BENJAMIN, Executive Director and Development Director, Kansas City Power & Light District | Director, Multifamily Development, The Cordish CompanyNick Benjamin’s tenure at the Power & Light District has seen the doubling of the District’s sales and occupancy and the recent completion of One Light Luxury Apartments, the first new construction high-rise apartment building in the history of downtown. Prior to working at the Kansas City Power & Light District and The Cordish Company, Nick was an attorney at Simpson Thacher & Bartlett LLP in New York, New York.

TERRY O’LEARY, Co-CEO, EPC Real Estate GroupTerry O’Leary, CCIM, has specialized in the sales, leasing and development of commercial properties since 1981. Terry’s market acumen led to the January 2001 start-up of the Rapid-Built and ePartment concepts resulting in the development of over 500,000 SF of industrial space and close to 3,000 apartments completed or in development. Prior to that, Terry served as Managing Principal for Colliers Turley Martin’s Kansas City office from 1995-2000. His responsibilities included the implementation of strategic initiatives at a corporate level and related business functions in the Kansas City office.

M U LT I FA M I LY H O U S I N G I S B O O M I N G – I S I T A B U B B L E ?

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B A N K S P R E D I C T I O N O N T H E F U T U R E R I S E O F I N T E R E S T R AT E S A N D H O W T O K E E P T H E E C O N O M Y M O V I N G F O R WA R D

MICHELLE BROWN, Director and Licensed CPA, CBIZ & Mayer Hoffman McCann P.C.Michelle Brown has over 18 years experience managing engagements, addressing accounting and tax issues, strategic tax consulting and tax compliance. She works directly with business owners and their internal accounting teams in a variety of industries including real estate owners/brokers. Michelle is responsible for overseeing tax engagements and resolves critical tax issues for small to medium sized closely-held and family owned businesses.

LINDA HANSON, Regional Market President-Kansas City, Enterprise Bank & TrustLinda Hanson has more than 25 years experience in the banking industry. Since joining Enterprise in 2001, Linda has used her experience and leadership to help grow the company’s presence in the Greater Kansas City metro area from one location and $90 million in assets to eleven locations and over $950 million in assets.

GRANT BURCHAM, CEO, Missouri Bank & TrustGrant Burcham, a lifelong banker, has grown Missouri Bank from $63 million in assets when he took over in 1994, to more than $550 million today. He has worked in every position in the bank — from teller to CEO. Burcham, with his bank focus on small businesses and entrepreneurial banking, has lead the charge in building a culture centered on relationships with their customers.

MIKE MADDOX, Managing Partner, President & CEO, CrossFirst BankMike Maddox has served as President and CEO of CrossFirst Bank since 2008 and is the market leader for the bank’s ever-growing presence in Kansas City. With specialties in business, real estate, energy and private banking, he leads an experienced team of business, private and personal bankers.

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I N C O M E TA X C O N S I D E R AT I O N S F O R T H E E N D O F T H E Y E A R TA X P L A N N I N G A N D T H E E F F E C T O N TA N G I B L E P R O P E R T Y R E G U L AT I O N S

BILL SANDERS, Shareholder and Tax Department Chair, PolsinelliBill Sanders, with nearly 30 years experience, has developed broad tax experience in corporate, partnership, limited liability company, complex business transactions, and workout and bankruptcy issues. As chairman of the firm’s tax practice group and a licensed CPA in Missouri, Bill’s clients range from Fortune 100 companies to family-owned and tax-exempt organizations. He regularly represents clients nationwide before the Internal Revenue Service at all levels including audits, the Appeals Division and in court.

SETH LEIBSON, Tax Director, CBIZ & Mayor Hoffman McCann P.C.Seth Leibson, a licensed CPA with over 25 years of experience in public accounting, provides a variety of tax and consulting services to real estate firms, corporations, partnerships, limited liability companies, and individuals. He also spends a significant amount of time working with clients on transactional and complex tax issues.

CONGRESSMAN EMANUEL CLEAVER, Missouri’s Fifth Congressional DistrictCongressman Emanuel Cleaver, II is now serving his sixth term representing Missouri’s Fifth Congressional District, the home district of President Harry Truman. He is a member of the exclusive House Financial Services Committee, the Ranking Member of the Subcommittee on Housing and Insurance, and also a Senior Whip of the Democratic Caucus.

Having served for twelve years on the city council of Missouri’s largest municipality, Kansas City, Congressman Cleaver was elected as the city’s first African American Mayor in 1991.

R E A L E S TAT E D E V E LO P M E N T: T H E C H A L L E N G E S W I T H A N D W I T H O U T S TAT E A N D LO C A L I N C E N T I V E S

JOHN PETERSEN, Shareholder and Real Estate Division Chair, PolsinelliJohn Petersen’s idea of a perfect horizon is one dotted with construction cranes on client properties. This type of visual progress is an indication that he has done his job by helping clients successfully navigate the challenging waters of real estate development and finance. As Chairman of the firm’s Real Estate Division, John has national insight into industry trends that enhances his counsel and advice at the federal, state, and local levels.

FRED MERRILL, JR., President and Founder, Merrill Companies, LLCFred Merrill, Jr. founded Merrill Companies, LLC, a commercial real estate development, management and investment company. He has acted as a development principal for office buildings, retail centers and mixed use projects in the Dallas, Phoenix, Washington D.C. and Kansas City markets. Over his entire career, Mr. Merrill has arranged financing or developed over 5.5 million square feet of commercial properties.

OWEN BUCKLEY, President, LANE4 Property Group, Inc.In 2006 Owen Buckley founded LANE4 Property Group, Inc. He has led in the search and successful procurement of over eight million square feet in an eight state region for his tenant representation clients. Additionally, Owen has been involved in the development and redevelopment of many high-profile projects throughout the Midwest. He continues to thrive in serving retailers and helping them secure successful locations along with the leasing, development and acquisition of shopping centers and mixed-use developments.

RSVP&Economic outlook

Kansas city REal EstatE

Please RSVP by Monday, November 10, 2015 for this informative Real Estate & Economic Outlook seminar which will address the state of Kansas City’s economy and where it’s headed.

To reserve your seat, visit https://2015KCRealEstateSeminar.eventbrite.com. The cost of this seminar is $150 per person. If you have questions or need more information, contact Meagan Edmonds at (816) 945-5164.

Presented by:

Friday, November 13, 2015 8:00 am - 3:00 pm

Kansas City Real estate&eConomiC outlook