November 18, 2011
UCLA Wins the Fourteenth Annual NAIOP Real Estate Challenge
UCLA defeats USC team again
LOS ANGELES -- A team of students from UCLA Anderson and UCLA School of the Arts and Architecture won the 2011 NAIOP Real Estate Challenge held at Town and Gown at the University of Southern California. The UCLA team consisted of second-year UCLA Anderson students Michael Johnson, John Shishido, Blake Thomas, and Robert Wilshusen, and UCLA Architecture student Adam Rude. The annual event, presented by the National Association of Industrial and Office Properties (NAIOP), presents a specific real estate case challenge to a team of students at UCLA and USC. In addition to providing a rich learning experience that requires participating students to produce high-quality professional work within a limited timeframe, the competition is designed to showcase the talents and creativity of the next generation of real estate leaders.
This year, the challenge focused on a 5-acre parcel in downtown Anaheim located near Disneyland. The site is owned by Clean City, Inc. (CCI). CCI's company tag line is "Rescue, Restore, Revive, makes our city thrive." The teams were challenged to create and present the best idea for redevelopment of the site. UCLA's team proposed The Village at Anaheim Colony, a thoughtful, market-appropriate and integrated mixed-use development. The project is intended to meet existing demand for quality rental apartments and neighborhood retail, while a charter school and pedestrian-friendly gathering places will improve the quality of life for new and current residents.
"The team was presented with a challenging four-block site that consists of a hodgepodge of existing uses and over a dozen qualified historic structures," said Paul Habibi, UCLA Anderson lecturer and team advisor. "They crafted a thoughtful and sensitive program that delivers much-needed rental housing and daily needs retail, as well as a charter school that serves the local community and repurposes historic homes to reduce cost. Recognizing current market realities, they took advantage of traditional financing, density bonuses and parking incentives to design a project that could get financed today."
"I am extremely proud of our NAIOP Challenge team," said Tim Kawahara, Executive Director of the Richard S. Ziman Center for Real Estate at UCLA. "By participating in this competition, the students from both UCLA and USC engaged in critical thinking to create viable revitalization strategies for low-income urban neighborhoods in a real-world context. The knowledge these students gained, and the commitment they demonstrated to urban redevelopment, will pay dividends for years to come."
In its fourteenth year, the NAIOP USC vs. UCLA Real Estate Challenge celebrates the rivalry between the two schools and illustrates the robust real estate programs at both universities. The winning team is awarded the Silver Shovel, a silver shovel inscribed with all past winners, and a $5,000 cash prize.
About UCLA Ziman Center for Real Estate
The Richard S. Ziman Center for Real Estate, a joint center of the UCLA Anderson School of Management and the UCLA School of Law, was formed with a mandate to create and administer UCLA's activities surrounding the topic of real estate. The mission of the Center is to advance thought leadership in the field of real estate by generating influential research, educating the next generation of leaders, and providing meaningful forums for industry professionals and policymakers. Through its various programs and activities, the Center employs a multidisciplinary and global approach to addressing the most critical real estate challenges facing our society today and in the future.
About UCLA Anderson School of Management
UCLA Anderson School of Management, established in 1935, is regarded among the leading business schools in the world. UCLA Anderson faculty members are renowned for their teaching excellence and research in advancing management thinking. Each year, UCLA Anderson provides management education to more than 1,800 students enrolled in MBA, Fully-Employed MBA, Executive MBA, UCLA-NUS Global Executive MBA, Master of Financial Engineering, and doctoral programs, and to more than 2,000 professional managers through executive education programs. Combining highly selective admissions, varied and innovative learning programs, and a world-wide network of 36,000 alumni, UCLA Anderson develops and prepares global leaders.
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