Mark Kennedy
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Brief Profile
Mark Kennedy is responsible for the quality and efficiency of property management functions, the oversight of sustainability.Full Profile
As Director of Operations, Mark Kennedy is responsible for the quality and efficiency of property management functions, the oversight of sustainability management of commercial real estate, and the guidance for LEED certification projects within Turning Point Commercial. He brings over 15 years of experience in commercial property management and extensive knowledge in assisting Fortune 500 companies in the repositioning of their commercial real estate portfolios.
His ability to provide both in-depth financial and technical guidance makes him uniquely valuable to his clients. Mark's previous experience covers everything from initial Argus pro-forma analysis for acquisitions, to the management of all design and development issues, TI and capital improvements, day to day property management, LEED and ENERGY STAR® certifications, retro commissioning of all technical operations, and fulfillment of all financial benchmarks.
In addition, Mark actively participates in post graduate learning and professional development. As a measure of assurance to guarantee proper implementation of standards he maintains licenses, certification, and memberships including; LEED AP BD&C, general contracting, electrical/solar, ULI, CoreNet, as well as real estate brokerage licenses in several states.
Mark's most recent noteworthy roles have been:
CB Richard Ellis: He led the construction and LEED Silver BD&C certification for the new 80,000 square foot, award winning Gensler designed headquarters of CB Richard Ellis, and also managed the facility wide overhaul and LEED Silver EBOM certification of all MEP systems, common areas, elevators, and the Grand Atrium Lobby.
Raytheon Space Systems: He initiated the repositioning of the 650,000 square foot former Raytheon Headquarters; transforming a functionally obsolete, Class B, former defense facility into an Ultra-Modern Class A Asset office and Industrial complex; initiating a building wide MEP renovation of 260,000 square feet, roof and facade restoration, and over 300,000 square feet of common area and tenant improvements.
FDIC/Downey Savings and Loan: He used his experience from the first FDIC real estate bailout to help a prominent private equity group navigate a complex world of bankruptcy, seizure, receivership and distressed property stabilization. In doing so he brought this functionally obsolete, largely vacant campus back to its former glory as a Newport Beach Landmark and destination of choice. By instituting cost control measures and employing creative value engineered solutions for property procurement and construction, the property was stabilized. The property's "going in cap rate" went from 13.4 to a "stabilized cap rate" of 5.1; producing an estimated "going out IRR" of almost 37%.
