HomeMy WebLinkAboutSubmittal-OSPB-Memo, Resolution and ResumeSubmitted into the public
record for item(s) BC.17 .
on 11-15-2018 , City Clerk
MIAMI PARKING AUTHORITY
INTER -OFFICE MEMORANDUM
TO: The Honorable Mayor and
Members of the City Commission
FROM: Arthur Noriega, Chief Executive Officer
Department of Off -Street Parking
Miami Parking Authority
DATE: November 15, 2018
FILE: ID No: 4852
SUBJECT: Reappointment of
Mr. Stephen Nostrand
(Resolution No. 18-04)
REFERENCES:
ENCLOSURURES: Resolution,
MPA Board Memorandum, Mr.
Nostrand's Resume
This Item on the November 15, 2018, City Commission Agenda is a proposed Resolution
affirming the reappointment of Mr. Stephen Nostrand to the Miami Parking Authority
(MPA) Board of Directors. The attached includes the executed Resolution.
cc. Emilio T. Gonzalez, City Manager
Victoria Mendez, City Attorney
Miriam Arcia, Agenda Coordinator
Approval/Disapproval:
Date:
4S52- OSPB Submi kesolu-iim et ker5ufw-e:
Submitted into the public
record for item(s) BC.17 .
on 11-15-2018 , City Clerk
RESOLUTION NO. 18-04
A RESOLUTION REAPPOINTING STEPHEN
NOSTRAND TO THE OFF-STREET PARKING
BOARD OF THE CITY OF MviIAMI AND
RECOMMENDING TO THE CITY OF MIAMI r r3
COMMISSION THAT THE REAPPOINTMENT
BE CONFIRMED, IN ACCORDANCE WITH o
SECTION 23(B) OF THE CITY OF MIAMI
CHARTER, FOR A TERM EXPIRING
DECEMBER 2, 2023. a -o
�- ry
WHEREAS, on November 13, 2006, at a duly noticed special-public*neeng,
members of the Off -Street Parking Board of the City of Miami ("Board") appointed Mr.
Stephen Nostrand ("Mr. Nostrand") to the Board, filling the vacancy left by Mr. Oscar
Rivero, and submitted its Resolution No. 06-07 to the City of Miami Commission ("City
Commission") for confirmation of said appointment; and
WHEREAS, the City Commission reviewed Resolution No. 06-07 and
unanimously confirmed the Board's appointment of Mr. Nostrand for Mr. Rivero's
remaining term (expiring on December 2, 2008), in accordance with Section 23(b) of the
City of Miami Charter ("Charter"); and
WHEREAS, on December 10, 2008, at a duly noticed public meeting, members of
the Board reappointed Mr. Nostrand for another term of five (5) years, and submitted its
Resolution No. 08-01 to the City Commission for confirmation of said reappointment; and
WHEREAS, on December 11, 2008, the City Commission reviewed Resolution
No. 08-01 and unanimously confirmed the Board's reappointment of Mr. Nostrand for a
term of five (5) years expiring on December 2, 2013, in accordance with Section 23(b) of
the City Charter; and
WHEREAS, on November 6, 2013, at a duly noticed public meeting, members of
the Board reappointed Mr. Nostrand for another term of five (5) years, and submitted its
Resolution No. 13-04 to the City Commission for confirmation of said reappointment; and
WHEREAS, on December 12, 2013, the City Commission reviewed Resolution
No. 13-04 and unanimously confirmed the Board's reappointment of Mr. Nostrand for a
term of five (5) years expiring on December 2, 2018, in accordance with Section 23(b) of
the City Charter; and
MPA Board Reappointment (RCG) Page 1 of 3
WHEREAS, throughout his tenure with the Board, Mr. Nostrand has performed
his duties and obligations with integrity, devotion and leadership; and
WHEREAS, in accordance with Section 23(b) of the Charter, Mr. Nostrand is
eligible for reappointment by the remaining members of the Board for a term of five (5)
years, subject to confirmation by the City Commission within ten (10) days after notice of
such reappointment by the Board; and
WHEREAS, the Board held a duly noticed public meeting on October 3, 2018, and
reappointed Mr. Nostrand to the Board by Resolution No. 18-04 ("Resolution"), for a term
of five (5) years; and
WHEREAS, the Resolution was subsequently added to the City Commission
Agenda (as Item Agenda # BC 20, File ID #4852) for the October 11, 2018, City
Commission meeting; and
WHEREAS, due to a previously scheduled commitment outside the City --of Miami,
Mr. Nostrand will be unavailable to attend the City Commission meeting, sct duled'to
affirm the Resolution; and -_ 3
N
WHEREAS, in order to comply with the ten-day rule under Section 23(5). oftie
Charter, the Board reappointed Mr. Nostrand at a duly noticed public meeting held on
November 7, 2018, and resubmitted its Resolution to be confirmed on November 15, 2018,
by the City Commission; and
WHEREAS, the term of office for Mr. Nostrand as a member of the Board, will
expire unless his reappointment by the Board is not confirmed by the City Commission;
and
WHEREAS, the Board respectfully requests that the City Commission approve the
reappointment of Mr. Nostrand for a term of five (5) years, to continue to serve as an
invaluable member of the Department of Off -Street Parking of the City of Miami d/b/a
Miami Parking Authority.
NOW THEREFORE, BE IT RESOLVED BY THE OFF-STREET PARKING
BOARD OF THE CITY OF MIAMI, FLORIDA:
Section 1. Mr. Stephen Nostrand, is hereby reappointed as a member of the Off -
Street Parking Board of the City of Miami, pursuant to Section 23(b) of the City of Miami
Charter, for the term of five (5) years expiring on December 2, 2023.
MPA Board Reappointment (RCG) Page 2 of 3
Submitted into the public
record for item(s) BC.17 .
on 11-15-2018 , City Clerk
Section 2. The Off -Street Parking Board of the City of Miami, herby recommends
to the City Commission that the reappointment of Mr. Stephen Nostrand, be confirmed,
pursuant to the requirements of Section 23(b) of the City of Miami Charter.
PASSED AND ADOPTED this
AT EST:
/Y 824A&
Dorian Barrera
Executive Secretary
day of ►UUV4. L... , 2018.
h- u
Thoghas B. Jelke, Chaerson
MPA Board Reappointment (RCG) Page 3 of 3
Submitted into the public
record for item(s) BC.17 .
on 11-15-2018 , City Clerk
Stephen Nostrand
President/COO ONE Commercial Real Estate
Stephen is a results -driven executive with 45 years of experience in real estate. He is a client -focused critical thinker and
effective leader capable of motivating others to reach beyond their potential. As the third generation in his family to
specialize in commercial real estate, Stephen has a diverse background in not only executive leadership, but CRE service
lines including development consulting, investment sales and leasing brokerage, debt and equity capital markets, project
management, strategic planning, asset and property management, receiverships, training and education.
Core Competencies
• Comprehensive knowledge of commercial real estate • Real estate development
• Asset and property management •
• Inspirational leadership and team building
• Strategic planning and opportunity identification and advancement • Budgeting/forecasting > fis4al
management
• Creating and developing relationships • Policy and procedure implementation s-1
• New business presentation development and execution • Training and educ3ipti1-11
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Accomplished Executive Co)
• Has led brokerage teams that focused on land sales and asset sales for 20 years. The asset sales have included all
property types: office, multi -family, hospitality and industrial
• Steered the operations of real estate firms increasing revenues and profits
• Owned, redeveloped and managed real estate assets
• Advises family offices and private equity funds on capital preservation and generational wealth building
• Earned a place as one of the top leaders in the Colliers International organization through participation and
contributions to monthly leadership and development programs, as well as collaboration efforts with CEO
counterparts throughout the U.S.
• Chosen as a trainer and program developer for the nationwide client engagement initiative to instilled new
methods of driving business for brokers and team work techniques for employees.
• Featured in the press frequently within key commercial real estate trend stories as a leader in the industry.
• Develops joint ventures for real estate investment
Passionate Educator
• Serves as a Professor at the University of Miami. He has taught in the Master's Program for Real Estate
Development and Urbanism since 2004.
• Chosen as a member of a seven -person training team for Colliers International, traveling around the country
conducting programs for brokers and managers focusing on winning more business, using collaboration to
uncover opportunities, and tools and techniques to increase individual brokers' revenue. Stephen has conducted
specialized training for real estate professionals who have been in the business their whole lives and those who
are just entering the field. Subjects include time management, identification of qualified prospects, the benefits
and techniques for successful teaming and collaboration, enhancing communication skills and how to distinguish
yourself from the competition.
Submitted into the public
record for item(s) BC.17 .
on 11-15-2018 , City Clerk
Submitted into the public
record for item(s) BC.17 .
on 11-15-2018 , City Clerk
PROFESSIONAL EXPERIENCE
ONE Commercial Real Estate (ONE Commercial, LLC) Florida r
ONE Commercial was founded by Daniel de la Vega, the President of ONE Sotheby's International Rjltyavne of the
largest residential real estate companies in Florida. ONE Sotheby's has 850 agents in South Florida in 11 offices.
President/COO June 2017-
Responsible for strategically leading operations, departments and platforms
• Managing broker activities, training and client relations
• Integrating ONE Sotheby's referral opportunities into the ONE Commercial platform locally and globally
• Executing new broker opportunities into the Company
• Expanding the operations to meet the needs of clients throughout Florida and key US markets
• Building the brand and expanding the market
NAI Miami South Florida
NAI Miami is a part of NAI Global, the largest world-wide commercial real estate organization of owner -operated real
estate service companies with 350 offices around the world. NAI Miami offers comprehensive commercial real estate
advisory services for owners, occupiers and developers throughout South Florida. Mr. Nostrand joined after assisting in
the acquisition of Colliers International South Florida by Avison Young.
CEO/COO April 2015-April 2017
Responsible for strategically leading all operations, departments and platforms including: brokerage, asset and property
management, human resources, receiverships, capital markets, recruitment, analysis and consulting.
• Managed all operations and departments-30 brokers and 20 employees
• Designed, and delivered training and education for brokers and employees
• Recruited new brokers.
• Developed new policies and procedures for information dissemination.
• Established a department -head cabinet that resulted in better communications and decision -making.
• Streamlined the interaction between marketing and the brokers for better efficiency and production.
• Built a "bottom up" collaborative and sharing culture.
Avison Young -Florida Miami, Fort Lauderdale and West Palm Beach, FL
Avison Young -Florida acquired Colliers International South Florida in December 2014
Senior Vice President -Operations and Administration December 2014-April 2015
• Responsible for transition issues and special projects.
Colliers International South Florida Miami, Fort Lauderdale and West Palm Beach, FL
Colliers International in the South Florida region was a "partner" office, owned by local shareholders with
approximately 70 professionals, including 36 brokers. They purchased the right to license the Colliers International
brand in 2004 and operated the company until December 2014 when they were acquired by Avison Young. Colliers
International is the third largest global commercial real estate service company with 450 offices around the world.
CEO / Managing Director September 2005—December 2014
• Joined the company as EVP, earning the title of Colliers International South Florida Broker of the Year in 2008
and in the Top Ten Brokers in Florida that same year. Held the position of Managing Director for two years and
was the CEO/COO from 2010 through 2014.
• Responsibilities included: strategically leading the company and all its business operations and platforms,
including brokerage, property management, human resources, receivership, recruitment, analysis and consulting,
project management and overseeing all personnel of the company. Broker of Record for the Company and
responsible for all Compliance.
• Built the asset and property management department through recruitment, streamlined procedures and client -
directed services. The portfolio included all asset classes for both institutional and private owners.
• Revenues for 2014 increased 22% increase year -over -year with a margin north of 16%, the best in the company's
history. Revenues for 2013 were 25% better than the year prior. Total transaction value for 2014 exceeded
$600,000,000.
• Implemented new human resource policies that simplified and clarified important requirements and procedures.
Codina Realty Services Miami, FL
Codina Group, the parent company, was the leading Florida development company founded by Armando Codina in 1980.
In 2005, the company was purchased by Florida East Coast Industries (NYSE: FECI) then portions of the company were
taken private under the leadership of Fortress Investment Group. Stephen was at Codina for nine years and left right after
the acquisition by FEU.
Director Investment Banking August 1997 —September 2005
• Led capital markets efforts for debt and equity.
• Successfully completed transactions valued at over $200 million in office, hotel and land transactions.
• Advised clients on acquisitions, dispositions and asset management.
• Managed two client -directed entitlement efforts for both land use amendments and zoning changes resulting in
two separate approved development programs for mixed -use projects.
• Provide project management services to three major clients. One for the renovation of an office building and the
other two for land and urban planning for large mixed -use developments. Responsibilities included retaining and
managing a professional team for planning and entitlement. Two of those projects required a two-year process.
Diversified Financial Management, Inc. (DF110
Hospitality Finance Company (HFC)/Nostrand Partners. Miami, FL
DFM was a Registered Investment Advisor (RIA) under the regulations of the Securities and Exchange Commission. The
company began at the request of several friends who desired management and advice for their real estate portfolios.
Strategic plans were devised for client's real estate assets and we oversaw the acquisition, management and sales of those
assets. That emerged into an asset management company that was a "fee for service" only discretionary investment
company. This was not a brokerage company or Broker/Dealer that derived revenues from transactions. The company
grew from literally no assets to approximately $100,000,000 under management. Simultaneously, HFC and Nostrand
Partners conducted real estate capital markets transactions for separate clients.
Owner/Chairman and President September 1990—August 1997
• Start-up Company. Recruited the president of the Bank of New York, South Florida as the Director of Investment
Services
• Built the assets under management along with the investment team from nothing to $ 100,000,000
• The company successfully delivered above standard returns to clients
• Ran the other two companies simultaneously successfully completing transactions valued at $ 100,000,000 in the
commercial real estate capital markets. That included a combination of sales and financing. c
• Personally advised high net worth clients on commercial real estate investments as an alternative for pc olio
diversification and provided the asset management of those properties. This included reviewing113id neg iatittg
lease for properties around the world and developing written strategies and tactics for maximiziagvaluer
Family Experience r c'
Stephen's father was a leader in the commercial real estate field in New York City for 60 years. Dur thoskears, he
worked for Cross and Brown Company starting in the mail room and becoming Chairman of the Bold fore last /0
years of his life from 1968-1988. Cross and Brown was known as one of the largest companies in New Yark City, but and
one of the leaders in high profile institutional transactions. Stephen worked at Cross Brown in each of thcleppments of
property management, capital markets, leasing, investment sales and project management. Stephen's brother, Robert, has
been an owner, investor and operator of retail portfolios for the past 20 years in Denver, Colorado with over 2 million
square feet of assets. Stephen has worked alongside his brother advising on acquisitions, dispositions, valuation and
management.
Banking Experience
Stephen served as a Director for Gulf Bank of Miami for 10 years from 1994-2004 when the bank was sold. Gulf was a
small Florida community bank with maximum assets of $120 million. He chaired the credit committee. During a leave of
absence for the bank chairman, Stephen was asked by the regulators to oversee bank operations for a period of about one
year prior to the sale.
Submitted into the public
record for item(s) BC.17 .
on 11-15-2018 , City Clerk
EDUCATION
University of Denver
Bachelor of Science in Business Administration, University of Denver
COMMUNITY
Mr. Nostrand has been the Finance Chair and Board Member of the Miami Parking Authority since 2007. He also was one
of the founders of the Greater Miami Convention and Visitor's Bureau.
Submitted into the public
record for item(s) BC.17 .
on 11-15-2018 , City Clerk