Michael Schnabel, Managing Partner
Michael Schnabel brings a depth and breadth of commercial real estate experience that enables him to quickly react to market opportunities. Michael primarily focuses on new markets, development feasibility analysis, underwriting, and project sales/leasing.
In addition to being a Managing Partner of Development Arts, Michael is the CEO of Schnabel Ventures, its venture partner company. Prior to founding Development Arts and Schnabel Ventures, Michael was most recently the Senior Managing Director and Owner of the CB Richard Ellis Reno/Tahoe commercial brokerage firm. He has over twenty years of experience in commercial real estate, including brokerage, leasing, development and investment. Prior to CBRE, Michael worked with industrial developer Trainor & Associates in Reno and with investment property brokerage Marcus & Millichap in San Francisco. In addition, Michael has valuable corporate finance experience earned at the Wall Street firms of Kidder, Peabody & Co. in San Francisco and Merrill, Lynch & Co. in Washington, DC. Michael is also the Chairman of the Board of Directors of Schnabel Foundation Company, a national design-build construction company based in Washington DC. He holds a Bachelor of Science degree in Commerce from the University of Virginia and a Masters in Business Administration from New York University. |
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David Loring, Managing Partner
David Loring brings decades of development and construction experience to Development Arts. He focuses on managing the development projects from concept to completion of construction. David is also the CEO of the development company Equiterra Properties in Reno, NV. Prior to founding Equiterra and co-founding Development Arts, David served for fourteen years as Vice President of Development for DP Partners of Reno, Nevada. In that time, he was responsible for land acquisition, government entitlements, land and building planning, and design and construction nationwide for one of the country’s 50 largest industrial developers. Initial markets included Reno and Las Vegas, Nevada; with expansions into Atlanta, Georgia; Central Pennsylvania; Indianapolis, Indiana; and Bakersfield, California. While at DP Partners, David completed over 90 projects totaling in excess of eighteen million square feet with a combined construction value in excess of four hundred million dollars ($400,000,000). He currently serves as a founding member of the NAIOP Business Park Development Forum, part of the development industry’s national program for real estate executives. David has been a registered architect in California since 1975 and practiced architecture in California for eight years prior to entering the property development business. |
Shannon Wiseman, Executive Vice President, Schnabel Ventures
Shannon Wiseman is the Executive Vice President of Schnabel Ventures, helping to manage Development Arts' operations and execute transactions. Shannon has investment experience across product types, industries and project life-cycles that gives her a unique perspective when analyzing and underwriting development projects. Prior to co-founding Schnabel Ventures, Shannon was a Vice President at CB Richard Ellis commercial real estate brokerage in Reno/Tahoe and prior to that, Director of the real estate sales department at the mixed-use Four Seasons Resort in Jackson Hole, WY. Shannon has several years of commercial real estate investment and development experience, and more than ten years of general finance and acquisitions analysis experience. Shannon previously worked in corporate finance, in the mergers and acquisitions department at private investment bank Lazard Frères, LLC in New York City focusing on large and mid-cap public company acquisitions and leveraged buyouts. Following that, she was an investment associate at venture capital firm J. H. Whitney & Co., also in New York City, focusing on start-up financing and growth company recapitalizations. She holds a Bachelors of Science degree in Finance from the Wharton School of the University of Pennsylvania, and a Masters in Business Administration from Stanford University. Shannon is also a LEED Accredited Professional with the USGBC. |
