Contributed by UCLA Ziman Center for Real Estate
A multidisciplinary team of UCLA graduate students won the 2016 NAIOP SoCal Real Estate Challenge held on November 17 at Carnesale Commons on the UCLA campus against formidable rival USC. Claiming the coveted Silver Shovel, the UCLA team consisted of second-year (Class of 2017) UCLA Anderson MBA students Joseph M. Pfeiffer, Scotty Weber, Nora K. Collins and Daniel Q. Gates, and UCLA School of the Arts and Architecture student Alyssa Koehn (M.Arch. ’17).
The annual event, sponsored 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 professionals.
This year, the Challenge involved a 5.07-acre parcel of land located at 10126 Prairie Avenue in Inglewood. The site, which is owned by the City of Inglewood, is adjacent to City of Champions redevelopment site, which includes the new NFL stadium for the Los Angeles Rams, a casino, 800,000 square feet of office development, 2,900 residential units, a 300-room hotel and park space. The teams were challenged to create and present the highest and best use for redevelopment of the site.