Barry Gross

Mr. Barry Gross

Land Optimization Strategies
6 Lorenzo
Irvine , CA 92614-5327
Mobile: 949-637-2127
Office: 949-637-2127
Introduction

Land Optimization Strategies provides expert witness service related to land entitlement, valuation, and financial services. Prior to establishing Land Optimization Strategies, its principal, Barry Gross, consulted on more than 7,000 assignments including more than 5 Million homesites, 2.5 billion square feet of commercial, office, retail, and industrial facilities. He has been an expert witness in 20 cases with damage claims as much as $1.0 Billion and operated in 26 states and 5 foreign countries.

LOS services include - Due Diligence To Support Land Acquisitions, Review Existing Projects, Financial Analysis, Increase Land Residual Values, Preparation of Microsoft Project Schedules, Project Management, and Preparation of Product Investor Packages.

Due Diligence To Support Land Acquisitions

Document review
Interfacing with government agencies
Preparation of cost analysis
Impact fee confirmation
Preparation of project schedules
Review local government jurisdictional standards
Review jurisdictional objectives preferred by current government decision-makers
Review of State and Federal Resource Permits
Coordination of public finance sources
Preparation of static land residual models
Preparation of project cash flows
Preparations of project investor waterfalls
Evaluation of available public financing, including Community Facilities Districts
Preparation of Business plans for coordination with partners and lenders

Review Existing Projects

Review updated marketing studies
Review updated cost analysis
Prepare updated project schedules
Review local government jurisdictional standards
Review jurisdictional objectives preferred by current government decision-makers
Review of State and Federal Resource Permits
Coordination of public finance sources
Prepare updated land residual values based upon current metrics.
Prepare updated cash flow schedules
Integration with existing company resources
Project management

Financial Analysis

Cost analysis
Static land residual analyses
Project cash flows
Project land optimization
Standalone residential subdivisions
Master-planned communities
Apartments
Office and Retail

Increase Land Residual Values

Increase in Land residual value
Increase in Net Present Value
Decrease in project term
Decrease in project peak capital
Increase in project Internal Rate of Return


Preparation of Microsoft Project Schedules

Meet with appropriate internal personnel
Meet with project consultants
Meet with government agencies
Prepare a hierarchical Microsoft Project schedule
Update of schedules, as needed

Project Management

Process Tentative Tract Maps
Process Specific Plans, or equivalents
Coordinate Environmental Impact Reports
Coordinate State and Federal Resource Permits
Process Improvement plans

Preparation of Product Investor Packages

Prepare requested information
Summarize existing information into report format
For Investors
For Lenders
Government Agencies
For additional information, contact Mr. Barry Gross / Land Optimization Strategies Mobile: 949-637-2127 Website: www.land-strat.com


Areas of Expertise
  • Bankruptcy
  • Commercial Real Estate
  • Land Use & Zoning
  • Lost Profits
  • Real Estate Damages
  • Real Estate Finance
  • Real Estate Valuation
  • Residential Real Estate
  • Retail Real Estate

Expert Background
Q: Please list your professional accreditations, degrees, licenses, and certificates granted:
A: B.A., Economics, Union College, Schenectady, N.Y.
M.B.A., Accounting / Finance, Rutgers Graduate School of Business, Newark, N.J.
Certified Public Accountant, California License #23856 E (Inactive)
California Real Estate Broker, License #00878776
Project Manager Professional, Registration #1225002 (Inactive)
Q: Please list your affiliations or memberships in any professional and/or industry organizations:
A: Former Member of the Newport Beach, CA Planning Commission
Former Member of the Community Development Council, Urban Land Institute
Former Board of Directors Member, Building Industry Association of Orange County, CA
Q: Please list any teaching or speaking experience you have had, including subject matter:
A: Instructor of Accounting Theory, California State University , Fullerton
Instructor of Real Estate and Land Development, Paul Merage Graduate School of Business, University of California, Irvine.
Frequent panelist at Urban Land Institute, Pacific Coast Builders Conference and Information Management Network focusing on land development costs, land residual values and due diligence
Q: Have any of your accreditations ever been investigated, suspended or removed? (if yes, explain)
A: No
Q: On how many occasions have you been retained as an expert?
A: 20
Q: For what area(s) of expertise have you been retained as an expert?
A: Land Residual Values, land development costs, preparation of land development cash flows. land development project scheduling, pre-acquisition due diligence, grading costs
Project approvals from Federal, State and local jurisdictions
Residential project sizes include 100 homesites up to 50,000 homesites.
Non Residential projects include retail, office, industrial from 10K up to 41M square feet
Q: In what percentage of your cases were you retained by the plaintiff?
A: 20%
Q: In what percentage of your cases were you retained by the defendant?
A: 80%
Q: On how many occasions have you had your deposition taken?
A: 15
Q: On how many occasions have you testified as an expert in court or before an arbitrator?
A: 9
Q: For how many years have you worked with the legal industry as an expert?
A: 14 Years
Q: What services do you offer? (E.g.: consulting, testing, reports, site inspections etc.)
A: Testimony, depositions, written rebuttals, determination of damages, consulting to attorneys related to subdivision and land development
Q: What is your hourly rate to consult with an attorney?
A: $395
Q: What is your hourly rate to review documents?
A: $395
Q: What is your hourly rate to provide deposition testimony?
A: $495
Q: What is your hourly rate to provide testimony at trial?
A: $495
Q: Please list any fees other than those stated above (E.g.: travel expenses, copy fees, etc.)
A: Non hourly costs are billed without markup.


References

Thomas Pistone,
Attorney at Law
19200 Von Karman
Irvine, CA 92612
949-864-9660

Robert T. Warhola
Chief Deputy District Attorney
District Attorney-Civil
500 Grand Central Parkway
Las Vegas, Nevada 89155
(702) 455-4761