June 2019 Bios

Jerry Nickelsburg joined the UCLA’s Anderson School of Management and The Anderson Forecast in 2006. Since 2017 he has been the Director of The Anderson Forecast. He teaches economics in the MBA program with a focus on Asian economies. As the Director of The Anderson Forecast he plays a key role in the economic modeling and forecasting of the National, and California economies. He has conducted research in the areas of labor economics, industrial organization, statistics, and international monetary economics, focusing on the development of new data and the application of economic theory and statistical methods to policy issues. His current academic research is on specific skills, structural unemployment, and on energy efficiency in transportation. He is a regular presenter at Economic Conferences and is cited in the national media including the Financial Times, Wall Street Journal, New York Times, Los Angeles Times, and Reuters.

He received his Ph.D. in economics from the University of Minnesota in 1980 specializing in monetary economics and econometrics. He was formerly a professor of Economics at the University of Southern California and has held executive positions with McDonnell Douglas, FlightSafety International, and FlightSafety Boeing during a fifteen-year span in the aviation business. He also held a position with the Federal Reserve Board of Governors developing forecasting tools, and has advised banks, investors and financial institutions.

From 2000 to 2006, he was the Managing Principal of Deep Blue Economics, a consulting firm he founded. He has been the recipient of the Korda Fellowship, USC Outstanding Teacher, India Chamber of Commerce Jubilee Lecturer, and he is a Fulbright Scholar. He has published over 100 scholarly and popular articles on monetary economics, economic forecasting and analysis, labor economics, and industrial organization and he is the author of two books on monetary economics and exchange rates.
David Shulman is Distinguished Visiting Professor and a “Managing Director” at the Financial Leadership Program at Baruch College where he mentors students seeking front-office careers on Wall Street, and a Visiting Scholar/Senior Economist at the UCLA Anderson Forecast where he is responsible for U.S. Macro. In addition, he is currently Managing Member of his LLC where he is engaged in investment and litigation consulting. He comments on his blog, http://shulmaven.blogspot.com.

In March 2005, he retired from Lehman Brothers where he was Managing Director and Head REIT analyst. From 2001-04 he was voted on the Institutional Investor All Star Teams including First Team in 2002. Prior to joining Lehman Brothers in 2000 he was a Member and Senior Vice President at Ulysses Management LLC (1998-99) an investment manager of a private investment partnership and an offshore corporation whose total investment capital approximated $1 billion at the end of 1999.

From 1986-1997, Mr. Shulman was employed by Salomon Brothers Inc in various capacities. He was Director of Real Estate Research from 1987-91 and Chief Equity Strategist from 1992-97. In the latter capacity he was responsible for developing the Firm’s overall equity market view and maintaining the Firm’s list of recommended stocks. Mr. Shulman was widely quoted in the print and electronic media and he coined the terms “Goldilocks Economy” and “New Paradigm Economy”. In 1991, he was named a Managing Director and in 1990 he won the first annual Graaskamp Award for Excellence in Real Estate Research from the Pension Real Estate Association.

Prior to joining Salomon Brothers Inc., he was Vice President and Director of Research Planning at TCW Realty Advisors in Los Angeles. Earlier in his career Mr. Shulman was an academic. He was an Associate Professor of Management and Economics at the University of California at Riverside and Financial Economist at the UCLA Business Forecasting Project. In 2017, the David Shulman Endowed Excellence in Teaching Award Fund was established by a former student of his.

A graduate of Baruch College (1964), Mr. Shulman received his Ph.D. (1975) with a specialization in Finance and a M.B.A. (1966) from the UCLA Graduate School of Management. He is married and has three grown children.
William Yu joined the UCLA Anderson Forecast in 2011 as an economist where he focuses on the economic modeling, forecasting and Los Angeles economy. He also conducts research and forecasts on China’s economy, and its relationship with the U.S. economy. His research interests include a wide range of economic and financial issues, such as time series econometrics, data analytics, stock, bond, real estate, and commodity price dynamics, human capital, and innovation. Currently, he teaches business forecasting and data science courses at UCLA Anderson and UCLA Extension. He also serves as a faculty advisor for the Applied Management Research Program at UCLA Anderson.

He has published over a dozen research articles in Journal of Forecasting, International Journal of Forecasting, Journal of International Money and Finance, etc. He also published op-ed articles in Los Angeles Times and other newspapers. He developed the City Human Capital Index and the Los Angeles City Employment Estimate. He has been cited in the local, national and overseas media frequently including Wall Street Journal, Los Angeles Times, Washington Post, Time, Bloomberg, CBS Money Watch, Al Jazeera, U-T San Diego, LA Daily News, LA Daily Breeze, Straits Times, NBC, ABC, CNBC, CNN, and NPR, as well as various Chinese and Korean media. Yu has been invited as a speaker for various events, including the annual Woo K. Greater China Business Conference and National Association for Business Economics.

Yu received his bachelor’s degree in finance from National Taiwan University in 1995 and was an analyst in Fubon Financial Holding in Taipei from 1997 to 2000. In 2006, he received his Ph.D. degree in economics from the University of Washington where he was also an economics instructor and won two distinguished teaching awards. In 2006, he worked for the Frank Russell Investment Group for Treasury and corporate yields modeling and forecasting. From 2006 to 2011, he served as an assistant and an associate professor of economics at Winona State University where he taught courses including forecasting methods, managerial economics, international economics, and macroeconomics.
Edward Leamer is UCLA Anderson’s Chauncey J. Medberry Professor of Management and professor of economics, professor of statistics and director of the UCLA/Anderson Business Forecast Project. His philosophy on education is straightforward.

After serving as assistant and associate professor at Harvard University, Leamer joined the UCLA faculty in 1975 as professor of economics. In 1990 he moved across campus to UCLA Anderson and was appointed to the Chauncey J. Medberry Chair. He is a fellow of the American Academy of Arts and Sciences, and a fellow of the Econometric Society. In 2014 he won the award for Outstanding Antitrust Litigation Achievement in Economics, awarded annually by the American Antitrust Institute.

Leamer’s work has been impactful beyond the classroom and his academic research. As director of the UCLA Anderson Forecast, business practitioners in every field value his opinions. For example, in his December 2000 forecast, the UCLA Anderson Forecast (http://www.uclaforecast.com/) stood virtually alone in predicting the 2001 recession. In a special release on September 12, 2001, the Forecast correctly analyzed the likely unimportance of 9/11 for the evolution of the recession. In June 2002, Leamer began warning about a momentum-driven overheated housing market that was sure to cause problems for the economy in the future. In August of 2007 at the annual Federal Reserve Jackson Hole Symposium, Leamer argued for special targeting of housing in a paper titled “Housing IS the Business Cycle.”

Leamer is a research associate of the National Bureau of Economic Research and has been an occasional visiting scholar at the IMF and the Board of Governors of the Federal Reserve System. He has served on the Councils of Economic Advisors or Governor Wilson, Governor Schwarzenegger and Mayor Garcetti. He has been on the Advisory Board of the Bureau of Economic Analysis. In 2005-2006 he chaired a panel of the National Academy of Sciences on outsourcing and delivered the report to Commerce and to Congress.

He has published over 120 articles and five books and reminds those interested to hurry to Amazon.com to purchase his most recent books: either Macroeconomic Patterns and Stories, or The Craft of Economics. His research papers in econometrics have been collected in Sturdy Econometrics, published in the Edward Elgar Series of Economists of the 20th Century. His research in international economics and econometric methodology has been discussed in New Horizons in Economic Thought: Appraisals of Leading Economists.
Having solved thousands of business and legal issues related to real estate transactions over the years, John Tipton’s market coverage and depth are vast. From large-scale multi-use developments, office projects, retail, hotels and recreational facilities, to corporate headquarters, he has negotiated and closed almost every asset and deal type.

A skilled negotiator and problem solver who knows California's commercial real estate market as well as anyone, John represents owners, developers, and lenders in capital markets, asset management, and leasing transactions. He counts among his clients private and institutional investors as well as national and multi-national corporations, for both their owned and leased properties.

Practical Counsel
The key to John’s ability to attract and keep loyal clients is two-fold: practical and solution-oriented. He learns his clients’ businesses, their pressure points, and their decision making levers so he can approach any deal or problem from their perspective. He takes a balanced approach to negotiations by finding common ground between parties and establishing a human connection—a winning formula that has proven itself time and again for arriving at the best terms for his client while getting the deal that they want done.

John believes that delivering exceptional service is not optional, but critical to his clients’ goals. He not only promptly returns phone calls and emails, but is acutely responsive to their needs at every juncture.

Strategic and Well-connected
In the widely-respected and highly-regarded Allen Matkins deal-making culture—more practical and deal/client focused than most law firms—John stands out for his commitment to support his client’s business strategy. He also places a priority on cultivating important relationships with others throughout California and across North America that contribute to his clients’ successes, as well with his Allen Matkins colleagues, where he has access to the knowledge base of nearly 100 real estate team members. Significant Transactions
John handles deals that range from millions to billions of dollars. Among his most considerable transactions are: the acquisition and development of commercial office properties at Playa Vista, California; the $9.5 billion acquisition of Hughes Aircraft Company, involving 20 million square feet across 30 states; the repositioning of over 200 anchor retail outlets throughout the Western United States; the national development and rollout of over 200 hotels for a major hotel chain, and the repositioning of corporate real estate for a Fortune 150 Company.

In each of calendar years 2012, 2013, and 2014, John represented the buyers in the largest annual real estate transaction in Los Angeles.
Mr. Tecimer joined Overton Moore Properties in July 2000 as President and COO. Mr. Tecimer brings a wide experience in commercial and industrial development, asset management, property management, and leasing services to the Company. He is responsible for overseeing all of the firms operations including acquisitions/investments, development and management. In addition, Mr. Tecimer directs all joint venture and capital structures and long range planning of the firm. During his career, Mr. Tecimer has been responsible for the acquisition and development of over 15 million square feet of commercial property. Mr. Tecimer joined OMP after 12 years with Trammell Crow Company and is currently active in the Urban Land Institute, SIOR, and the World Presidents Organization (WPO). He is a member of Board of Trustees of the PVGC and Sustaining Board member of the UCLA Ziman Center for Real Estate. He holds a California Real Estate Broker License. Mr. Tecimer is a graduate of University of Southern California with a Bachelor of Science and received an MBA from University California Los Angeles.
Paul Habibi is a Continuing Lecturer of Finance and Real Estate at UCLA Anderson Graduate School of Management and Lecturer in Law at UCLA School of Law. He is consistently a top finalist for the Teacher of the Year Award and began his teaching career at UCLA in 2004.

Widely quoted, he has appeared on BBC World News, Bloomberg, CNN, FOX News, NBC's The Today Show, NPR, and all major dailies including The Wall Street Journal, The New York Times, and Financial Times. A highly sought–after speaker, he regularly presents to leading business, government, and nonprofit organizations.

Outside of campus, Professor Habibi is Principal and Co–Founder of Habibi Properties, LLC, which owns and manages three divisions: (1) multi–family apartments in the Los Angeles area; (2) single–family homes in Kansas City, Missouri (Arrowhead Residential Funds); and, (3) almond and pistachio orchards in California's San Joaquin Valley.

He is also Principal of Grayslake Advisors, LLC, which provides expert witness and litigation support services to large multinational law firms, Fortune 500 companies, and government and regulatory agencies. The firm has been retained in some of the highest profile cases in the country. Its clients include Goldman Sachs, McKinsey & Company, the U.S. Securities and Exchange Commission, the U.S. Attorney's Office, and the Federal Bureau of Investigation.

He previously worked as an Investment Banking Associate at Bank of America/Merrill Lynch, Manager of Transaction Support with The Walt Disney Company, and Audit Manager with Arthur Andersen LLP.

He holds an MBA with Highest Distinction, under merit scholarship, from the Ross School of Business at the University of Michigan, where he received the David T. Shelby Award. He also holds a BA in Economics and Accounting from UCSB. He is a licensed Certified Public Accountant and Real Estate Broker.

He serves as an Industrial Advisor for EQT Partners, a Swedish private equity group of 18 funds with $30 billion in capital. He is also an early investor and Member of the Board of Advisors of Knock, a venture–backed real estate startup led by founding team members of Trulia. Active in the community, he is a Member of the Board of Directors of Pacific Charter School Development.
Marianne Lowenthal directs all acquisition and development activity for both mixed-use and retail projects on the West Coast for Combined Properties. She joined the company in 2005 and has been responsible for developing and/or redeveloping: Lincoln & Rose, Commons at La Verne, Turnpike Shopping Center, Foothill Ranch Towne Centre, 990 Palm, Santa Monica and La Brea, Shops at Bear Creek, and the Terraces. Acquisitions during her tenure include: Brentwood Place, Studio City Place, Courthouse Shopping Center, land for Sunset Time, Kings Road, Parcel B in Culver City, and the Terraces. Current development projects are: Sunset Time, The Crown, and Culver City.

Ms. Lowenthal has been in the development business for 28 years and has worked through complicated entitlements and design issues. In her previous position as Executive Vice President for Bond Companies in Los Angeles, she specialized in mixed-use development and was responsible for the first major mixed-use development in Hollywood CA which contained 300 residential units and 100,000 SF of retail. Prior to holding that position, she had equity investment and management positions as principal of her own business, Lowenthal & Company. There she completed the sale of 3.2 million square feet of office buildings in two high-rise mixed-use projects in Los Angeles, in addition to being project manager for the development of a 500,000 square foot mixed-use project in Burbank, CA.

Ms. Lowenthal began her career at The Prudential Realty Group where she started in the development division and rose to become manager of the Western Region portfolio, totaling over 6 million square feet with a combined value in excess of $1.5 billion.

Marianne Lowenthal received a B.A. in Political Science and an M.B.A. with concentrations in Finance and Real Estate, from the University of California, Los Angeles.

Mike joins the McCarthy Cook team as the Vice President, Leasing, Southern California. Prior to joining McCarthy Cook, Michael worked at Cushman & Wakfield, Voit Real Estate Services and the Trammell Crow Company, emphasizing leasing and sales representation for office users and institutional landlord clients.

Mike joins the McCarthy Cook team as the Vice President, Leasing, Southern California. Prior to joining McCarthy Cook, Michael worked at Cushman & Wakefield, Voit Real Estate Services and the Trammell Crow Company, emphasizing leasing and sales representation for office users and institutional landlord clients.

During his 17-year career, Michael has successfully represented over 12,000,000 square feet of premiere office listing assignments throughout Southern California, while effectively negotiating over $400 million worth of real estate transactions. Michael has represented institutional owners and corporations in the leasing and sales of office properties with over 17 years of industry experience in both Orange and Los Angeles counties. A proven market leader in production, execution, and strategic marketing implementation, Michael successfully executed over 3,500,000 square feet of office transactions in the past 5 years alone.

Throughout his career, Michael has partnered with the industry’s leading brokerage, asset management, and operations teams in the leasing, repositioning, development, and sales of institutional assets focusing on the development and execution of asset-level strategies to maximize leasing performance and value for his landlord clients
Mr. McQueen is President of Tribune Real Estate Holdings, LLC, ("TREH"), the real estate subsidiary of Tribune Media (NYSE: TRCO). TREH is the ownership entity for Tribune Media's 7.3 million square feet of owned real estate and is charged with maximizing the long term value of these assets. This portfolio includes large urban-infill redevelopment sites in locations such as Los Angeles, Chicago, Costa Mesa, and Florida where TREH is in the process of implementing various levels of entitlement, adaptive reuse, joint-venture structuring, and overall value creation. The Company also oversees Tribune Media's diverse corporate real estate obligations as well as real estate aspects of the company's M+A activity.

Prior to Tribune Mr. McQueen was Managing Principal and Co-Founder of Channel West Group, a real estate investment and advisory firm based in Los Angeles. During his tenure there Channel West acquired and fully redeveloped a distressed property in Calabasas, California into the award-winning boutique hotel, The Anza. In addition Channel West Group provided strategic advisory services to multiple institutional clients.

Prior to starting Channel West Mr. McQueen was a Managing Director with Cerberus Capital Management where for 6 years he was the senior Cerberus real estate professional on the west coast and shared responsibility for oversight of many aspects of the national real estate portfolio. He was a member of the Real Estate Investment Committee and Co-Head of the company's real estate workout group.

Before joining Cerberus in 2005, Mr. McQueen was with DLJ Real Estate Capital Partners, the real estate private equity fund of Credit-Suisse First Boston, where from 1998 to 2005 he underwrote and asset managed deals in the western United States and Japan.

From 1991 to 1998 Mr. McQueen was with Citicorp Real Estate, responsible for underwriting, workouts, and asset management in the United States and Mexico.

Mr. McQueen received a BSC in Economics from Santa Clara University and an MBA in Real Estate Finance from the John E. Anderson School at UCLA.

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