We are NBNW Development, a private real estate investment and development firm. It is our mission to create better communities and to do this through strong and healthy relationships with all our associates.
We adhere to basic investment principals that are proven to create sustainable investments in residential, commercial, and development projects. We specialize in acquiring and repositioning distressed properties in strong, stable markets.
Our goal is to identify and selectively purchase income producing properties with upside potential; renovate, develop and or upgrade with professional management while utilizing innovative interim acquisition and permanent financing strategies.
As a team we have over 70 years combined real estate and development experience. Together we have created strong systems to position ourselves and our investors to grow steadily in our investment and development acquisitions.
Operations / Administration
Mr. Carrillo is a principal in NBNW Development and manages the day to day operations. He also takes a role in the development and construction activities of all our ongoing projects.
Dan Carrillo‘s 32-year career in the real estate and housing industry is filled with a broad range of experiences and leadership roles. In the residential and commercial brokerage community, Dan’s experience with successful real estate firms as an executive, sales manager, trainer, business development expert and director of relocation and corporate services bring a unique mixture of talent and expertise to his current work as a consultant and principle owner of a residential and commercial brokerage here in Los Angeles.
Dan lives in the foothills of Pasadena California with his wife Christine.
Development and Construction
Al Penaranda has been involved in real estate for 30 years. His background is in appraisal of commercial property. He received the MAI designation from the Appraisal Institute, which is considered the highest designation in the appraisal field. His training in appraisal is from the litigation side and for 10 years served as an expert witness in court. Mr. Penaranda was CEO and owner of North by Northwest Commercial, a commercial appraisal firm located in Old Pasadena.
Mr. Penaranda was the Chief Operations Officer for TSA Properties a residential investment company. He managed a portfolio of approximately 65 properties in different stages varying from ground up construction to major rehab work. Mr. Penaranda was the General Manager for Pacific Property Assets, a multi-family investment company with approximately 300 employees and 2,800 apartment units in the city of Long Beach, Riverside, and Phoenix. Mr. Penaranda headed all construction aspects for the company.
He is currently a Managing Partner in North by Northwest Development, heading real estate development/construction. The Company has evolved and has been engaged in ground-up construction, specifically hillside and building “green homes”. Mr. Penaranda has also built numerous custom homes for owner-users throughout the Southland. Design and consultation work has become a vital part of his role within the company and business; from point of architectural representation to interior finishes.
Mr. Penaranda attended California State Long Beach and Los Angeles. He received a Bachelor of Science degree, majoring in Business.
Asset Acquisition and Sales
Alain Romero has 18 years of experience working in different areas of Real Estate, such as Lending, Investment, and Development.
Mr. Romero manages deal structure and all related areas of real estate investment. This includes deal evaluation, acquisition negotiations, business development and investor relations. In addition, his core expertise is in the area of valuation, viability assessment, financial modeling and most aspects of development analysis and evaluation.
He holds a Master’s Degree in Applied Economics & Finance, a Bachelor‘s Degree in Economics from the University of California, and is a Graduate of Pepperdine University’s, Graziadio School of Business with an Executive Business Management Certificate.
Mr. Romero is a former board member of NHREP-Los Angeles, and Founder/President of The Society Of Latino Professionals and an active volunteer with Junior Achievement; organizations through which he is an active proponent of entrepreneurship and business leadership.