UCLA Real Estate Wire

The Wall Street Journal: "Detroit’s Tiger Stadium Redevelopment Project Turns To ‘Crowdfunding’"

"If Larson’s project moves forward, it would mark the first time Fundrise has raised funds from unaccredited investors outside of Washington—and it would be one of the few examples of raising funds from unaccredited investors anywhere, according to Lewis Feldman, chairman of University of California, Los Angeles Ziman Center for Real Estate. “What’s cool about Fundrise is that they expand the universe of who can invest...to ordinary moms, pops, widows and orphans,” Mr. Feldman says. “It’s a democratization of capital.”..."

[The Wall Street Journal 2/10/15]

Bisnow: "$1M Grant For Ziman Center Establishes New Program"

"The grant from the Rosalinde and Arthur Gilbert Foundation has created a new program in real estate, finance and urban economics. UCLA Ziman Center director Stuart Gabriel (right with Richard Ziman, founding chairman of Rexford Industrial) says the gift will help prepare yet another generation of leaders to address real estate issues. The Gilbert Program will produce and disseminate publishable research, in addition to conferences and other programs in real estate and urban economics."

[Bisnow 2/10/15]

UCLA Ziman Center for Real Estate Announces Major Gift from The Gilbert Foundation

New Gilbert Program Will Fund Research and Scholarship on Crucial Economic Issues

LOS ANGELES, CA, (February 9, 2015 ) – The UCLA Ziman Center for Real Estate has announced a partnership with The Rosalinde and Arthur Gilbert Foundation to establish The UCLA Rosalinde and Arthur Gilbert Program in Real Estate, Finance and Urban Economics. The transformative research program is the result of a $1 million gift from The Gilbert Foundation.

The Gilbert Program will produce and disseminate through its scholars and fellows high-quality, publishable research and will produce symposia, conferences and other programs in real estate and urban economics to address crucial societal concerns.

“This is a transformational gift, both to UCLA and to the community at large,” said Martin H. Blank, Jr., Director of The Rosalinde and Arthur Gilbert Foundation. “The Gilbert Program will greatly assist the Ziman Center in expanding its efforts to help solve pressing issues that impact us all, including housing and mortgage markets, the affordable housing crisis, environmental sustainability, urban transportation, municipal finance, the regulatory environment, capital markets and macroeconomics. The Gilberts, who were heavily involved in the acquisition, development and ownership of real estate throughout their lives, would see this commitment as a logical extension of that which provided them the resources to establish the Foundation which is the legacy of their deep charitable endeavors."

Richard Ziman, Founding Chairman of Rexford Industrial Realty (left) and Stuart Gabriel, Ziman Center Director, announced The Gilbert Foundation gift and program.

Specifically, The Gilbert Foundation grant will: 1) create The Gilbert Foundation Real Estate Research Fund to directly support the real estate, finance and urban economics research of affiliated faculty and academics; 2) establish The Gilbert Foundation Visiting Scholars and Fellows Program including the named Gilbert Senior Fellowship to fund the work of real estate scholars, graduate students, doctoral and postdoctoral candidates thereby recruiting the industry’s top scholars to UCLA and launching the next generation of renowned real estate faculty; and 3) sponsor one symposium, conference or program annually focusing on critical and abiding topics of real estate, finance and urban economics.

“UCLA Ziman Center for Real Estate provides crucial economic research, and its work is cited widely by media, academics, policy planners and community stakeholders,” said Ziman Center Director Stuart Gabriel. “This gift amplifies that impact, while it prepares the next generation of leaders to address these issues as well.”

About the Richard S. Ziman Center for Real Estate at UCLA

The mission of the Richard S. Ziman Center for Real Estate, a joint center of UCLA Anderson School of Management and UCLA School of Law, 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 activities and programs, the Center employs an interdisciplinary and global approach to addressing the most critical real estate challenges facing our society today and in the future.  For more information about the Center, visit http://www.zimancenter.ucla.edu.

Media Contact:
Media Relations
UCLA Anderson School of Management
(310) 206-7707 or [email protected]
Jack Skelley, JSPR
(310) 490-4220 or [email protected]

Los Angeles Business Journal Politics: "Tax On Services May Take Toll"

"At first glance, a state legislator's plan to extend California's sales tax to most services looks simple - if a bit painful: Every time you consult with your lawyer or meet your personal trainer, tack a new 6.5 percent tax on the bill. Eric Sussman, senior lecturer at UCLA's Ziman Center for Real Estate and a real estate investor, agreed that housing affordability could suffer..."

[Los Angeles Business Journal Politics 2/2/15]