Partner Engineering and Science, Inc. is pleased to welcome industry veteran Robert W. Barone, R.A., LEED AP as Director out of Partner’s White Plains, NY office. A highly respected figure, Barone was a key pioneer in the establishment of sound due diligence and construction risk management practices for commercial real estate. Barone’s deep expertise will substantially contribute to Partner’s successful Construction Services practice serving institutional investors, lenders, and other stakeholders nationwide.
On Barone choosing Partner as the next step in his career, Partner President, Frank S. Romeo, Jr. commented “Bob is one of the most prominent figures in our industry, well respected by peers and clients alike. He will be a tremendous tailwind to our successful Construction Services practice and a true asset to our company as a whole.”
Over his almost 40-year career in commercial real estate, Barone has made a significant mark on the due diligence industry. As chair or co-chair for various ASTM International committees, he helped develop standards to shape how due diligence is performed for commercial real estate, including the formation of the Standard Guide for Property Condition Assessments, and guidelines for the mold and moisture survey process. Barone has also prepared and/or contributed to the preparation of the Property Condition Assessment and Construction Risk Management guidelines for various lending and investment institutions.
During his tenure at IVI International (now CBRE Assessment & Consulting Services), he was instrumental in growing that firm from a 6-person consultancy to a staff of over 250 employees. With Barone at the helm, his former firm’s construction group regularly managed more than 400 active construction or renovation projects each month. Barone has personally facilitated thousands of real estate transactions and development projects throughout North America and Europe. His expertise includes consulting on a wide range of projects in the commercial and residential areas, with a strong concentration in complex mixed-use projects. He is a sought-after expert for reviewing development proposals and providing construction consulting services for equity investors, major lending institutions, and foreign governments.
“I am looking forward to the opportunities joining Partner will bring to my ability to service clients at the highest level,” said Barone. “I am excited to help grow the already successful Construction Risk Management practice.”
With projects valuing in the billions of dollars, Barone has been integral in a variety of complex developments and transactions, providing a unique expertise. Notable projects have included:
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City Center, Las Vegas, Nevada, 18,000,000 SFG Casino Resort $8.5 Billion
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One57, New York, New York, 90-Story, 210-Key Hotel/135-Residential Unit Mixed-use
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Trump International Hotel and Tower, Chicago, Illinois, 2,600,000 SFG, 96-Stories $600 Million
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Time Warner Center, New York, New York, 2,800,000 SFG, 55 Stories
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Franklin Mills, Philadelphia, Pennsylvania: 1,970,000 SF Super Regional Mall
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Wynn Las Vegas, Las Vegas, Nevada, 5,200,000 SFG, 2,500 Room Hotel/Casino, 2,000 Seat Aqua Theater, and 18 Hole Golf Course $2.5 Billion
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The Plaza Hotel, New York, New York: 182-Unit/282-Guestroom Historic Renovation and Conversion
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Wilshire Grand, Los Angeles, California: 2,172,000 SFG, 73 Stories
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Hudson Yards: Eastern Railyard Platform, New York, New York: 420,000 SF Platform of Active Railyard
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30 Hudson Yards (Time Warner Center), New York, New York: 2,600,000 SFG, +/-100-Stories
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50 Hudson Yards, New York, New York: 2,900,000 SFG, 58-Stories
“Bob is the preeminent expert in construction risk management in New York City and maybe the whole country,” noted Joe Derhake, PE, CEO of Partner. “Projects like Hudson Yards in NYC and the City Center in Las Vegas were as complicated as they come. We are delighted to have Bob join our market-leading Construction Risk Management practice!”
As a guest lecturer and frequent author on real estate risk management topics, Barone is an active participant and mentor in the CRE industry. He has presented for organizations such as the NY Private Equity Network (NYPEN), the National Association for Real Estate Investment Managers (NAREIM), and Real Estate Lenders Association, among many others. Barone is a Registered Architect in New York State.