7th Annual REAL Symposium – February 8, 2018

7th Annual Real Estate and Law (REAL) Symposium
Co‐produced by Stanford Professionals in Real Estate (SPIRE) and
The Real Property Law Section of The California Lawyers Association

Date: Thursday, February 8, 2018

Time: Registration: 12:00 PM – 1:00 PM; Symposium: 1:00 PM – 5:35 PM; Reception: 5:35 PM – 7:30 PM

Format: One keynote speaker and two panel discussions (descriptions below)

Location: Stanford University, Paul Brest Hall (Law School) 555 Salvatierra Walk, Stanford, CA 94305

Join California’s leading real estate professionals at the 2018 REAL Symposium to hear a leading climate change scholar discuss the dramatic changes in environment regulation under the current administration and potential impacts. Our panels of experts will discuss innovations in design, construction and the law as solutions to the housing crisis, as well as the “cannabis economy,” including its wide-ranging policy implications and impacts from land use to finance.




12:00 PM – 1:00 PM: Registration
  1:00 PM – 1:15 PM: Opening Remarks: Welcome
  1:15 PM – 2:30 PM: Panel I: Fixing the Housing Crisis: Innovations in Design, Construction and Law
  2:30 PM – 2:45 PM: Networking Break and Refreshments
  2:45 PM – 4:00 PM: Keynote Speaker: Michael Wara (JD ’06) – Stanford Woods Institute for the Environment; Steyer-Taylor Center for Energy Policy: California Wildfires
  4:00 PM – 4:15 PM: Networking Break and Refreshments
  4:15 PM – 5:30 PM: Panel II: The Cannabis Economy
  5:30 PM – 5:35 PM: Closing remarks
  5:35 PM – 7:30 PM: Reception


Welcome – Symposium Co-Chairs

Christine Gregorak – Partner, Real Estate Law Group; Chair, Real Property Law Section Executive Committee

Elizabeth Youngblood Lambird – Executive Director, Stanford Professionals In Real Estate


Panel I: Fixing the Housing Crisis: Innovations in Design, Construction and Law


David Kleiman – President and Co-Founder of D2 Realty Services, Inc.


Martin Fischer – Professor of Civil and Environmental Engineering and Senior Fellow at the Precourt Institute for Energy, Stanford University

Eric Baczuk – Designer-in-Residence at Alphabet’s Sidewalk Labs

Randy Miller (MS ’03) – CEO of RAD Urban

Bryan Wenter – Shareholder, Miller Starr Regalia

Panel Description:

A combination of forces – including increased gentrification, housing costs outpacing income growth, insufficient new development for projected population growth, lack of affordable housing, and the glacial pace of housing approvals – have led to a “housing crisis.”  Innovations in design, building, and the law are creating efficiencies to help address this crisis.

This panel will be moderated by David Kleiman, President and Co-Founder of D2 Realty Services, Inc., a national real estate development firm engaged in commercial development in Illinois and California.  Randy Miller (MS ’03), CEO of RAD Urban, a modular building company, will discuss  efficiencies gained from modular design; Bryan Wenter, Shareholder at Miller Starr Regalia and formerly City Attorney and Assistant City Attorney for the City of Walnut Creek, California, who will discuss the laws currently in place in California governing the residential building permitting process, as well as new legislation to promote efficiencies in residential building; Martin Fischer, Stanford Professor of Civil and Environmental Engineering and Senior Fellow at the Precourt Institute for Energy, whose research goals include improving the productivity of project teams involved in designing, building, and operating facilities and who will offer his perspective on the importance of design and construction innovation; and Eric Baczuk, Designer-in-Residence at Alphabet’s Sidewalk Labs, a company dedicated to the creation of walkable mixed-use cities, and to driving down housing costs through innovations in construction methods and building design.


Keynote Speaker: Michael Wara (JD ’06)

Mr. Wara is a lawyer and scholar focused on climate change and energy policy. As Director of the Climate and Energy Policy Program at the Woods Institute, Mr. Wara provides fact-based technical and legal assistance to policy makers engaged in the development of novel climate and energy law and regulation. Mr. Wara also facilitates the connection of Stanford faculty with cutting edge policy debates on climate and energy, leveraging Stanford’s energy and climate expertise to craft real world solutions to meet these challenges.  Mr. Wara’s legal and policy scholarship focuses on carbon pricing, energy innovation, and regulated industries. He collaborates with economists, engineers, and scientists in research on the design and evaluation of technical and regulatory solutions to climate and energy challenges. Mr. Wara is also an expert on international environmental law, with a particular focus on the ozone and climate treaty regimes.

Mr. Wara will be addressing the recent wildfires that have devastated both Northern and Southern California, their increasing recurrence and danger, and the overall impact on land use and real estate.


Panel II: The Cannabis Economy


Arthur Cirulnick – Partner, Venable LLP


David Dinenberg – Founder and CEO of KIND Financial

Morgan PaxhiaFounding Partner, Poseidon

Kara WardVenable LLP Legislative and Governmental Affairs Group

Douglas Rosenburg – Business Leader, Philanthropist, Cannabis Investor

Panel Description:

The cannabis industry is poised to inject nearly $70 billion on an annual basis into the American economy by 2021. At the same time, the new U.S. Attorney General is a hard-line anti-pot crusader whose positions – that “good people don’t smoke marijuana”, that marijuana poses a “very serious threat” to our society, and that federal prohibitions on its production, sale and use should be enforced –  represents a reversal of the Obama administration’s policies, creating  uncertainty for the future of Big Pot.  This panel, moderated by Art Cirulnick, head of Venable LLP’s cannabis practice, will discuss the challenges of operating, banking, investing, advertising and fund raising in the cannabis economy.  Our panel of cannabis industry leaders includes: David Dinenberg, founder and CEO of KIND Financial, the leading experts in finance, marketing and regulatory technology related to the cannabis industry; Morgan Paxhia, founding partner of Poseidon, a private equity fund investing exclusively in the cannabis industry; Kara Ward, an attorney in Venable’s Legislative and Governmental Affairs Group based in Washington D.C., formerly with the US Department of Treasury, who provides policy analysis and strategic advice for cannabis clients; and Douglas Rosenburg, a well-known San Francisco developer, turned philanthropist and cannabis investor.