1: a person sent ahead to provide lodgings
2a: one that pioneers in or initiates a major change: precursor
2b: one that presages or foreshadows what is to come
Harbinger Development is an internally capitalized real estate investment firm with the ability to fund pursuit, acquisition, entitlements and vertical development ranging from $25mm to $250mm, and has the necessary balance sheet to secure construction financing and guaranty completion as required by lenders.
The fundamentals of real estate investing are based on market demand and timing. Harbinger provides the market what it demands and in return seeks to achieve steady financial performance.
Relying on intense market research and past experience, Harbinger seeks to position itself ahead of the market by acquiring asset types that are strategically priced with forecast increased demand.
Mr. O'Marah specializes in identifying and executing complex urban real estate development projects with a focus in hotel mixed-use investments having completed and in current development 1,435 hotel rooms in greater Boston with a value in excess of $500MM.
Mr. O’Marah also developed the National Historic Landmark 115 room Ames Hotel in Boston with Normandy Real Estate Partners and Morgans Hotel Group in 2009 and remains a limited Owner. Also during this period, he purchased the prime development site in Boston at the Jacob Wirth Restaurant at 45 Stuart Street, secured City of Boston permits for a 30-story tower project at the property and subsequently sold the site to Avalon Bay Communities, Inc. in 2011.
Prior to forming Harbinger Development, Mr. O’Marah was recruited and held the key leadership position at Jones Lang LaSalle Americas (NYSE:JLL) in Boston heading Investment Development activity. During his three year tenure with the publicly traded company, Mr. O’Marah lead the firm to record performance in the Hotel development sector in Boston. Mr. O'Marah also ran the NYC based Morse Diesel Construction Company's Sports Sector successfully negotiating and building some of the nation’s largest professional sports facilities for the NFL, NHL, NBA and MLB with aggregate value exceeding $1B.
Mr. O'Marah is a graduate of Milton Academy and the Rhode Island School of Design. In 1999, Mr. O'Marah established the Kevin F. O'Marah Award endowment at the Boston Architectural College in honor of his late father given to the schools top graduate each year.
Prior to joining Harbinger and founding The Matteson Companies, Mr. Matteson ran the Boston real estate division for Goldman Sachs (GS). He successfully invested over $2 billion in equity for GS not only in Boston, but also in New York and Chicago.
Mr. Matteson has more than 25 years of experience and invested in over $12 billion in real estate. He has developed and maintained a substantial industry track record with strong relationships with all major investment sale brokers, real estate owners, developers, and city & state officials. Mr. Matteson is a graduate of the University of Wisconsin – Madison.
Since 2002, Dennis McGillicuddy has been a director of Franklin Street Properties, Inc., a $1.3 billion publicly traded REIT (NYSE Amex: FSP).
Mr. McGillicuddy graduated from the University of Florida Law School with a J.D. degree and in 1968, he joined Barry Silverstein in founding Coaxial Communications, a cable television company. After several successful decades, they eventually sold the company in 1998.
Mr. McGillicuddy has also served on various charitable organizations. He is currently president of the Board of Trustees of Florida Studio Theater, a professional non-profit theater organization, and he serves as a Co-Chair, along with his wife, of Embracing our Differences, an annual month long art exhibit that promotes the values of diversity and inclusion. Mr. McGillicuddy is also a member of the Advisory Board to the Center for Mindfulness in Medicine, Health Care & Society at the University of Massachusetts Medical School.
Mr. Meshad formed JWM Management in 1989 to pursue Real Estate Development opportunities in Sarasota, Florida and throughout the Southeast. Mr. Meshad and JWM Management have owned and developed over one million square feet of office and retail space in Sarasota, Florida and Atlanta, Georgia. He was a member of the Florida Bar Association, Sarasota County Bar Association, American Bar Association, and currently a member of the Sarasota Board of Realtors.
Mr. Meshad developed and owned the St. Regis Hotel in Atlanta and is currently developing a Starwood Aloft Hotel in Sarasota. He was former Chairman of the Board of Central National Bank, former owner and developer of the new Sarasota Doctors Hospital (168 bed acute care hospital), a former major shareholder and founder of Sunstate Restaurant Corporation (A joint venture with Brinker International, Inc. which owned and developed over 40 Chili’s Restaurants in the southeastern United States).
Mr. Meshad earned a Bachelor of Arts degree and Bachelor of Science degree from Auburn University in 1964. and he received his Juris Doctorate from the University of Florida College of Law in 1966.
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