Forensic, General & Medical
Expert Witnesses

Real Estate Expert Witness

The Russell Company

The Russell Company

5764 W. 76th Street
Los Angeles, California 90045-1702

Phone(310) 745-1560

Website www.therussellcompany.com/
E-mail  Send an email

Expert WitnessForensic ExpertSpeaker
A "real world" expert witness for 35 years. In the last five years, clients have won over $80M in judgments. He does what he says he is going to do. Expertise in the valuing, buying, selling, financing, marketing, developing, constructing or redeveloping office, residential, retail, resort and industrial projects. He has been involved in over 80 cases, provided over 20 depositions and testified in 15 trials.

Services

Mr. Russell has been called to testify or provided litigation support in cases involving:

Areas of Expertise:

• Valuation
• Damage Calculations
• Standard of Care
• Broker Standard of Care
• Landlord/Tenant Disputes
• Partnership Disputes
• Landlord/Tenant Disputes
• Buyer/Seller Disputes
• Home Owner Association Disputes
• Buyer/Seller Disputes
• Title
• Estate Matters
• Divorce Forensics
• Assessment Districts
• Hazardous Materials



Experience:

• 35 years of experience as an expert witness
• 35 years real estate broker
• Managed $2 billion in transactions
• Sold over $500M in properties
• Entitled over 5,000 residential units; 2 million SF of office space
• Developed over 2 million SF of projects
• Conducted over 300 consulting assignments in 30 states

The Russell Company provides the following advisory services:

• Property evaluation and strategic planning
• Financing and loan restructuring
• Due diligence and transaction management
• Entitlement processing
• Value added opportunities
• Provide pre-development services
• Conduct financial feasibility and proforma sensitivity testing
• Construction management and oversight
• Resolve environmental issues and monitor clean up
• Historic preservation and historic tax credit
• Adaptive reuse
• Public/Private partnerships
• Billboard strategy, negotiation and implementation


Litigation Support Services

Mr. Michael P. Russell provides litigation support and expert witness testimony for plaintiff and defense attorneys.

Areas of Expertise

Additional Expertise:

Buyer-Seller Disputes

Profile

A "real world" expert witness for 35 years. In the last five years, clients have won over $80M in judgments. He does what he says he is going to do. Expertise in the valuing, buying, selling, financing, marketing, developing, constructing or redeveloping office, residential, retail, resort and industrial projects. He has been involved in over 80 cases, provided over 20 depositions and testified in 15 trials.

Mr. Russell has been called to testify or provided litigation support in cases involving:

Areas of Expertise:

• Valuation
• Damage Calculations
• Standard of Care
• Broker Standard of Care
• Landlord/Tenant Disputes
• Partnership Disputes
• Landlord/Tenant Disputes
• Buyer/Seller Disputes
• Home Owner Association Disputes
• Buyer/Seller Disputes
• Title
• Estate Matters
• Divorce Forensics
• Assessment Districts
• Hazardous Materials

Areas of Expertise:

• Contracts
• Standard of Care
• Brokerage
• Landlord/Tenant Disputes
• Valuation
• Loans
• Investment Fraud
• Partnership Issues
• Home Owner Association Disputes
• Buyer/Seller Disputes
• Redevelopment Agency Issues
• Assessment Districts

Experience:

• 35 years of experience as an expert witness
• 35 years real estate broker
• Managed $2 billion in transactions
• Sold over $500M in properties
• Entitled over 5,000 residential units; 2 million SF of office space
• Developed over 2 million SF of projects
• Conducted over 300 consulting assignments in 30 states

The Russell Company provides the following advisory services:

• Property evaluation and strategic planning
• Financing and loan restructuring
• Due diligence and transaction management
• Entitlement processing
• Value added opportunities
• Provide pre-development services
• Conduct financial feasibility and proforma sensitivity testing
• Resolve environmental issues and monitor clean up
• Historic preservation and historic tax credit
• Public/Private partnerships
• Billboard strategy, negotiation and implementation

Significant Achievements

• In 2011, served as an expert witness on cases that resulted in judgments of greater than $75M in favor of clients. (http://lansner.ocregister.com/2011/10/17/newport-developer-wins-50-million-lawsuit/134693/)

• As Vice President for Arden Realty, managed ten-person development and asset management team for Howard Hughes Center, which resulted in one million square feet of speculative, and build-to-suit office projects, entertainment retail center and infrastructure. Results exceeded an 11% return on invested costs. http://www.aecom.com/What+We+Do/Architecture/Market+Sectors/Real+Estate+and+Land+Development/_carousel/Howard+Hughes+Center

• Part of team that restructured debt for Playa Vista and sold project to Goldman Sachs and Morgan Stanley. Negotiated to remove the Hughes heirs from any further capital calls and eliminated all environmental liability. http://www.playavista.com/

• Prepared the master plan for Amerige Heights, a completed 1,300 unit planned residential community and 400,000 square foot town center

Significant Projects

• Arden/Hughes Center
• Howard Hughes Corporation/Playa Vista
• Mobil/Reston Town Center
• Maguire Thomas Partners/U.S. Bank World Center/Wells Fargo Center/ Solana Center/IBM
• Irvine Company/Irvine Ranch
• Prudential/Colony Square
• Chevron/The Ontario Center
• United Technologies/Warner Center
• Hughes/Amerige Heights

Consulting Practice

All States. I have worked on cases and assignments in 30 states.

More Information

The Real World Real Estate Expert Witness
Real Estate Development Company, Litigation Support
Real Estate Advisor, Legal Consultant
About Mr. Michael P. Russell, Expert Witness
The Russell Company Testimonials, Expert Witness
Contact The Russell Company, Litigation Support

The Russell Company in the Social Networks

Facebook PageFacebook LinkedIn PageLinkedIn

Professional Experience

The Russell Development Company
2005 to Present

Served as development manager for corporate and investment clients. For example, lead a team in the predevelopment of United Technologies’ 47-acre Rocketdyne property in Warner Center for a mixed-use development. Create over $150M in value.

Saint John's Health Center - Senior Development Advisor (Long Term Contract)
2000-2005
Campus Developer

Boeing Realty Corporation - Senior Vice President (Long Term Contract)
2000-2002
Douglas Park, a master planned community

Arden Realty, Inc. & Howard Hughes Corporation - Vice President
1996-2000
Howard Hughes Center, Playa Vista and Westbluffs

The Russell Company - President
2005-Present
1990-1996
1983-1990
Development management

The Linpro Company - California Partner
1983-1990
Office, residential and industrial development

Booz Allen Hamilton - Managing Associate
1971-1974
Advisor on private and public development projects

Los Angeles Community Redevelopment Agency - Project Manager
1968-1971
Downtown Los Angeles, University of Southern California and Port projects


Licenses

California Real Estate Brokers License


Legal Experience & Services

. Broker Standard of Care, fiduciary responsibilities, misrepresentation, fraud;
. Contract-profit participation;
. Contract dispute relating to owner operator participation agreement of more than $1M in funds due to hotel operator;
. Developer’s commercially approach to development, financially feasibility, lease obligation, Landlord/Tenant lease disputes;
. Dispute over easement and processing of tract map for a 2,300 acre master planned community;
. Entitlements, contract obligations and performance;
. Joint Ventures;
. Lease obligations, landlord commercially reasonable handling of notice of termination;
. Lender/borrower loan dispute;
. Loan covenants;
. Monies owed under a Redevelopment Agreement;
. Standard of Care for contamination clean-up, Indian Burial Grounds, Coastal Commission jurisdiction;
. Tenant responsibility to subtenant per lease;
. Unlawful lease termination, landlord up keep and care for hazardous contamination of tenant space;
. Valuation;
. Valuation of construction defects and mold litigation support;
. Valuation, fraud, disclosure and misrepresentation.


Affiliations

Board of Directors, Community Corporation of Santa Monica (affordable housing developer).


Qualifications

Law Firm Experience

• Alston + Bird
• Baker Manock
• Buchalter Nemer
• Carr, McClellan, Ingersoll, Thompson & Horn
• Frassetto & Frassetto
• Gilchrist & Rutter
• Greenberg Taurig
• Jeffer Mangeles Butler & Manmaro
• Julander, Brown and Bollard
• Latham & Watkins • Miller Canfield
• O’Melveny & Myers
• Palmieri, Tyler, Wiener & Waldron
• Perez & Miller
• Schwartz & Janzen
• SodenSteinberger
• The Boss Law Firm
• The Gomez Law Firm
• The Hellenkamp Law Firm
• Winston & Strawn
• Wesierski & Zurek

Partial List of Advisory Clients:

Bank of New York
Boeing Realty Corporation
Chevron
Citibank
Clarion Partners
Eastdil
Goldman-Sachs
Hughes Aircraft Company
JMB Realty, Inc.
Maguire Thomas Partners
McDonnell Douglas
MEPC American Properties, Inc.
Mobil Land Corporation
Pardee Construction
Phillips Petroleum Company
Prudential Life Insurance Company
The Bren Company
The Irvine Company
Transamerica
Twentieth Century Fox; and Warner Bros.


Awards & Honors

Sculpture of Change Award, LAX Westchester Chamber of Commerce
Community Builder Award, Westchester YMCA


Seminars & Training

Frequent speaker at USC, UCLA and professional seminars for the Urban Land Institute and National Association of Home Builders


Publications

Various articles in Los Angeles Times and professional journals, such as UrbDeZine.

LA's Four Epic Planning Mistakes and What They Teach Us, Plantizen, July 6, 2013 (http://www.planetizen.com/node/63955)

Swung and Missed, UrbDeZine, June 29, 2013 (http://losangeles.urbdezine.com/2013/06/29/swung-on-and-missed/)

Sunriver, UrbDeZine, March 25, 2012, (http://losangeles.urbdezine.com/2012/03/25/sunriver/)

Good Design Requires Straight Shooters and Sense of Urgency, UrbDeZine, October 11, 2011 (http://losangeles.urbdezine.com/2011/10/04/good-design-requires-straight-shooters-and-sense-of-urgency/)

Reston Town Center—Soft Programming Makes Good Public Space Design Great, UrbDeZine, July 17, 2011 (http://losangeles.urbdezine.com/2011/07/17/reston-town-center%E2%80%94soft-programming-makes-good-public-space-design-great/)

Community Corporation of Santa Monica: Building Affordable Housing with Award Winning Design, UrbDeZine, May 22, 2011 (http://losangeles.urbdezine.com/2011/05/22/community-corporation-of-santa-monica-building-affordable-housing-with-award-winning-design/)

Boston's Summerthing, UrbDeZine, August 17, 2011


Professional References

Alan Greenberg
Greenberg Gross LLP
(949) 383-2820
AGreenberg@GGTrialLaw.com
Client: NCA
Issue: $50.3M judgment regarding partnership issue

John Gomez
The Gomez Law Firm
(619) 237-3490
john@thegomezfirm.com
Client: Laframboise
Issue: $3M judgment for broker misrepresentation, lack of disclosure, not meeting standard of care and fiduciary duties.

Rick Juckiness
Partner
SchiffHardin
734-222-1504
Client: Jackman
Issue: $22M judgement regarding valuation of estate for divorce proceedings

Doug Thorton
Rummonds Barron Thorton
(559) 400-8999
dthornton@rbtlawfirm.com
Client: Britannia III
Issue: TIC judgement against sponsor for misrepresentation, valuation, fraud, good faith and fair dealing, as well dereliction of duties

Ralph Weber
Gass Weber Mullins
(414) 587-2500
weber@gasswebermullins.com

Phil Blanchard
Partner
Rutan & Tucker
(714) 641-3473
PBlanchard@rutan.com
Client: Confidential
Issue: Partnership issues relative to a 90-acre shopping center development

Steve Backus
Partner
Backus, Bland, Navarro & Weber LLP
(213) 833-7991
sbackus@bbnwlaw.com
Client: Confidential
Issue: Economic damages created by single building tenant defaulting on lease

Joseph M. Marchini
Partner
Baker Manock
(559) 432-5400
chris.roux@alston.comClient: Western Farm Service (Fresno)
Issue: Rights of tenant in a build-to-suit when delivery date of headquarters was exceeded by nearly a year


Education

BS, Political Science, University of Southern California
MS, Urban and Regional Planning, University of Southern California
Department of Housing and Urban Development, U. S. Public Health and Ford Foundation Fellowships





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