November 28, 2016
This month, 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 NAIOP’s annual real estate challenge. The goal was to determine the highest and best use for a 5.07-acre land site in the City of Inglewood, located near the new NFL stadium for the Rams.
UCLA’s five-student team won the Silver Shovel for their presentation entitled TRIBUTE. The 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. The team included: Nora Collins, Daniel Gates, Joseph Pfeiffer, Scotty Weber and Alyssa Koehn.
“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.