Steven M. Coyne

Personal Resume

Work Experience:

President

Coyne Development Corporation, Newport Beach, CA (August 2006 to present)

  • Real estate development, finance, and asset management
    • Identify, analyze, underwrite, acquire and manage the development and redevelopment of real estate assets.
    • Design and develop valuation and revenue models; forecast demand using empirical data.
    • Create and manage entitlement, infrastructure and land development schedules and budgets.
    • Development management of real estate assets.
    • Manage leasing activity to maximize revenue and disposition values.
    • Create short and long term strategies to maximize real estate investment returns.
  • Recent Transactions
    • Bella Linda- 21 acre land entitlement in Temecula, CA Working to finalize and achieve approval of full EIR- Environmental Impact Report for the entitlement of 325 market rate apartments and 49 single family homes. Approvals to include EIR, Zone Change, Planned Development Overlay and Tentative Tract Map are expected in April 2013. Coyne Development is negotiating equity stack to develop 325 apartments and is under a sales contract to sell the 49 lots.
  • Tampa Plaza- 28 acre retail development in Northridge, CA- Coyne Development was selected by Los Angeles Superior Court Receiver to complete a 300,000 square foot retail redevelopment in Northridge. Coyne Development sorted and cleared more than 150 liens and lawsuits, completed tenant spaces for 24 Hour Fitness, Fresh & Easy Market, Total Wine & More, Chipotle Mexican Grill, Sonoma Coffee, Sarku Japan, Nummy Nums Yogurt as well as a parking structure, site work and miscellaneous capital improvements. Property sold in October 2013 after completion.
  • Actively pursuing real estate development acquisitions for:
    • 14.3 acre mixed-use development of 265,000 square feet in Los Angeles County, CA.
    • 38 acre mixed-use assemblage for retail and apartments in Costa Mesa, CA.
    • 13.4 acre Class A office project for a corporate build-to-suit  in Los Angeles County
    • 8 acre retail development in Temecula, CA

 

Vice President-Asset Manager

 LNR Property Corporation, Commercial Property Group, Newport Beach, CA (July 1998 to August 2006)- $4B Market Cap Public & Private Development Company

  • Coordinated the purchase, entitlement, development, marketing & leasing and sales activities of office, retail, industrial and apartment assets.
    • Sought and analyzed new development opportunities through industry and broker contacts.
    • Performed highest and best use studies to maximize development values.
    • Negotiated purchase & sale agreements, operating agreements, listing agreements, consultant contracts and leases.
    • Marketed and promoted speculative building programs and land sales.
  • Created and managed business plans, negotiated joint-venture agreements, staffed project teams and developments to insure project profitability.
    • Managed project team of five who provided day-to-day management and oversight of development projects.
    • Monitored entitlement, design development, value engineering and the approvals of projects.
    • Managed and worked with joint-venture partners to maximize results of development requirements.
    • Coordinated entitlement efforts with local government representatives to process development opportunities through the CEQA process.
    • Managed planning/entitlement consultants, consulting architects, engineers and general contractors to design, create and maintain projects, schedules and budgets.
    • Worked with government agencies to establish public assistance programs for developments in the form of Tax Allocation Bonds, Community Facilities Districts and Tax Increment Finance and Sharing Agreements.
    • Provided continual monitoring and monthly reporting packages throughout the development process to ensure quality, schedule and cost control.
  • Responsible for the development of 500+ acres of land with a completed market value of more than $1.2 Billion.
    • 168-acre land re-use acquisition and entitlement project for mixed-use project. The Boulevards, Carson, CA.
    • 45-acre class A office campus comprised of seven office buildings, three parking structures, two restaurants, retail and a day care facility. LNR Warner Center, Woodland Hills, CA.
    • Five-story class A office building on five acres. LNR Newport Plaza, Newport Beach, CA.
    • 65-acre Mall redevelopment- converted indoor mall into an outdoor power center and added retail pads and residential component. Whittwood Town Center, Whittier, CA.
    • 75-acre power & entertainment center with twelve majors, seven restaurants and ten retail shops. Crossroads Marketplace of Chino Hills, Chino Hills, CA.
    • 115+ acre industrial business park with eight buildings and 20 mixed-use pads. Philadelphia Place, Ontario, CA.
    • 44-acre mixed use redevelopment project. Carousel Mall, San Bernardino, CA.

 

Licensed General Contractor

Steven M. Coyne Construction, Newport Beach, CA (December 1994 to July 1998)

  • Owner/operator of a fifteen man custom home construction and remodeling company.
  • Managed more than forty sub-contractors to complete more than 10 new homes and remodels in the coastal Orange County area.

Professional Affiliations:

  • Board Member, Board of Directors of the Goodwill of Orange County (2007 to present)
    • Chairman of the Board (January 2013-present)
    • Executive Committee Treasurer (2010-2012)
    • Chairperson for the 2008 annual Walter Knott Award Lunch- Raised $160,00
  • City of Newport Beach, Economic Development Committee (2008 to 2011)
  • NAIOP member since 1999. Membership Committee 2004

 

Education:

University of Southern California – MBA, Real Estate & Finance (May 2002)

CSU Long Beach – B.S., School of Engineering, (December 1993)