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11/22/16
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On November 17, graduate student teams from the Ziman Center of Real Estate at UCLA’s Anderson School of Business and the Lusk Center at USC’s Marshall School of Business and Price School of Public Policy competed in a head-to-head real estate challenge to determine the highest and best use for a 5.07-acre land site in the City of Inglewood near the new Rams NFL Stadium.
For 2016, the five-student team from UCLA won the Silver Shovel for their presentation called TRIBUTE. The UCLA student team included: Nora Collins, Daniel Gates, Joseph Pfeiffer, Scotty Weber and Alyssa Koehn. UCLA’s Tribute proposal encompassed 45.5K SF of light manufacturing in the form of maker space – an emerging movement of customer-facing production space – as well as 17K sf of local restaurants and service retail and a 150-key lifestyle hotel with an objective to become Inglewood’s third place.
“The City of Inglewood was honored to have the 2016 NAIOP Real Estate Challenge and the student teams from UCLA and USC competing to propose creative, highest and best options to redevelop vacant parcels within our City that have been fallow for nearly a decade. The student teams produced great ideas for redevelopment scenarios of these sites highlighting the opportunities for development within the City of Inglewood,” said James T. Butts, Mayor of Inglewood.
Mark Mattis, Real Estate Challenge Chair and Senior Vice President with PMRG added, “Each year I’m impressed by the caliber of presentation and innovation that the students bring to this event. We strive to create a real-world challenge for them while also providing them access to high-level real estate executives. It is a unique and significant real estate event for the students and the industry.”
In addition to the student presentations, the Real Estate Challenge provided stirring commentary on the upcoming USC vs UCLA football game by USC Honorary Team Captain John Papadakis, a former USC football player, and UCLA Honorary Team Captain Ed Kezirian, a member of the Bruin football staff and former UCLA football player.
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