Annual Report 2011 - ULI Los Angeles - Urban Land Institute
Annual Report 2011 - ULI Los Angeles - Urban Land Institute
Annual Report 2011 - ULI Los Angeles - Urban Land Institute
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<strong>ULI</strong><br />
<strong>Los</strong> <strong>Angeles</strong><br />
<strong>Annual</strong> <strong>Report</strong> <strong>2011</strong>
At the <strong>Urban</strong> <strong>Land</strong> <strong>Institute</strong>, our mission is to provide leadership in the responsible<br />
use of land and in creating and sustaining thriving communities worldwide.<br />
<strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong>, a district council of the <strong>Urban</strong> <strong>Land</strong> <strong>Institute</strong>, carries forth that mission as the preeminent real<br />
estate forum in Southern California, facilitating the open exchange of ideas, information and experiences among<br />
local, national and international industry leaders and policy makers.<br />
Established in 1936, <strong>ULI</strong> is a nonprofit education and research institute with over 30,000 members across the<br />
globe–1,500 here in the Greater <strong>Los</strong> <strong>Angeles</strong> area. As a nonpartisan organization, the <strong>Institute</strong> has long been<br />
recognized as one of America’s most respected and widely quoted sources of objective information on urban<br />
planning, growth, and development.<br />
The membership of <strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> represents the entire spectrum of land use and real estate development<br />
disciplines. They include developers, builders, investors, architects, public officials, planners, real estate brokers,<br />
appraisers, attorneys, engineers, lenders, academics and students. Members of the <strong>Urban</strong> <strong>Land</strong> <strong>Institute</strong> in the<br />
counties of <strong>Los</strong> <strong>Angeles</strong>, Ventura, Kern, San Luis Obispo, and Santa Barbara are automatically members of <strong>ULI</strong><br />
<strong>Los</strong> <strong>Angeles</strong>. <strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> offers educational events and tours, Young Leaders Group activities, <strong>Urban</strong>Plan<br />
curriculum in public high schools, policy reports and tools, Technical Assistance Panels, and many signature<br />
programs. To get involved with a committee, please visit our website at www.uli-la.org or contact our staff at<br />
(213) 542-4691.<br />
THANK YOU TO OUR FY10 SPONSORS<br />
Platinum<br />
Allen Matkins Leck Gamble Mallory & Natsis LLP<br />
Harley Ellis Devereaux<br />
Silver<br />
Bank of America Merrill Lynch<br />
Bronze<br />
Altoon + Porter Architects, LLP<br />
Barker Pacific Group<br />
Beacon Capital Partners<br />
CB Richard Ellis<br />
CIM Group<br />
Continental Development<br />
Corporation<br />
1 | <strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong><br />
Cox Castle Nicholson<br />
Cushman Wakefield<br />
Gensler<br />
LBA Realty<br />
Lowe Enterprises<br />
Morley Builders<br />
Sponsor<br />
Law Offices of Richard A. Lawrence Watson <strong>Land</strong> Company<br />
Friends of <strong>ULI</strong><br />
CityView<br />
DLA Piper<br />
George Smith Partners<br />
Goodwin Procter<br />
Greenberg Glusker<br />
Greenberg Traurig<br />
Jeffer Mangels Butler & Mitchell LLP<br />
Public Private Ventures, Inc.<br />
Reznick Group<br />
Sidley Austin LLP<br />
Tishman Speyer<br />
Transwestern Commercial Services<br />
Watt Companies<br />
Jonathan Curtis<br />
Paolucci Communication Arts<br />
Paul Hastings LLP<br />
Perkowitz + Ruth
Alex J. Rose<br />
Chair, <strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong><br />
Senior Vice President<br />
Development & Asset Management,<br />
Continental Development Corporation<br />
In last year’s message, I spoke of my ceaseless wonder at the passion and<br />
commitment of our members to the merging of their professional interests and<br />
expertise and the land use leadership mission of the <strong>Urban</strong> <strong>Land</strong> <strong>Institute</strong>. I also<br />
made the point that it is this very engagement that lies at the heart of what <strong>ULI</strong><br />
accomplishes and is the very reason that <strong>ULI</strong> continues to attract and retain the best<br />
and the brightest of the land use profession.<br />
As you will see the experience+passion+commitment+engagement in 2010 yielded<br />
unbelievable results, including:<br />
• Inaugural Transit Oriented Development Summit which provided a platform to<br />
rethink how we plan, fund, and build our future communities in connection with<br />
transportation;<br />
• Collaboration with the five California District Councils to assess the economic<br />
implications of Senate Bill375 and provide recommendations to state officials for<br />
implementation;<br />
• <strong>ULI</strong> California High Speed Rail Summit stimulated conversation on enhancing<br />
the state’s transit infrastructure;<br />
• Five technical assistance panels aiding our communities with much needed<br />
professional guidance on challenging land use issues;<br />
• Over 30 breakfast, case study/tour and meet-and-greet programs, featuring<br />
industry leaders and best practice examples across the entire land use spectrum;<br />
• Member engagement has grown from 250 members in 2008 to over 400<br />
volunteers working on over 30 separate committees.<br />
In <strong>2011</strong>, <strong>ULI</strong>-LA plans to elevate these results and impacts to an even higher level.<br />
The year began with VantageForum, a partnership with the UCLA Ziman Center<br />
highlighting the perspectives of executives on the trends in the real estate industry,<br />
and the completion of <strong>ULI</strong> LA’s five-year strategic planning effort. The year will<br />
close with <strong>Los</strong> <strong>Angeles</strong> hosting the annual <strong>ULI</strong> Fall Meeting, which will celebrate the<br />
<strong>Institute</strong>’s 75th anniversary.<br />
In the middle of <strong>2011</strong>, we will transition our leadership to the experienced hands of<br />
<strong>Los</strong> <strong>Angeles</strong> native, Ronald Altoon, founding and name partner of architecture and<br />
planning firm, Altoon + Porter. I expect great success to come to <strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong><br />
under the leadership of Ronald.<br />
All of what we have accomplished and all of what we have planned is possible only<br />
because of the passion and dedication of our members, our staff and our many<br />
sponsors and stakeholders. I am most grateful to each and every one of you for<br />
your participation and engagement. I appreciate having had the privilege to be a<br />
guardian for your efforts.<br />
Sincerely,<br />
Alex J. Rose<br />
Chair, <strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong><br />
<strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong> | 2<br />
Message from the Chair
Message from the Incoming Chair<br />
The <strong>Urban</strong> <strong>Land</strong> <strong>Institute</strong> is blessed by a transparent culture of sharing best practices<br />
to collectively raise the bar in the responsible use of land. I have been fortunate to<br />
have been a part of it for 25 years.<br />
Every leader brings a vision. I am no exception. It is my responsibility to inspire<br />
the Council to embrace and expand on that vision and to take measured and<br />
proportionate risk to achieve it. I have identified several areas sharing the common<br />
theme of civic pride. We have the opportunity to cast a vision of creativity, and to<br />
influence the formulation of the necessary public policy to implement it.<br />
The region’s major portal is LAX. Visually fatigued and inefficient the day it opened,<br />
after decades of neglect it is finally undergoing some transformational improvements.<br />
We have the opportunity to encourage an ongoing comprehensive reconsideration<br />
of our gateway to the world. It will pay permanent economic dividends across all of<br />
Southern California.<br />
Ronald A. Altoon, FAIA, LEED AP, CDP<br />
Incoming Chairman, <strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong><br />
Partner<br />
Altoon + Porter Architects LLP<br />
The <strong>Los</strong> <strong>Angeles</strong> River has been imprisoned in a Corps of Engineers concrete channel since the early 20th Century.<br />
In an arid environment, underserved by sparse water resources, we now have an approved LA River Master Plan. Let<br />
it be only a beginning.<br />
Downtown, enjoying an on and off renaissance, has depended on the inspired vision of a few courageous individuals<br />
to spur its sputtering transformation. We have many urban resources which can be further energized. We enjoy<br />
the traditional overlay of historic Olvera Street, Chinatown, Little Tokyo, and Koreatown. And there is the promise<br />
of a Clean Tech Corridor. With plans being discussed to cap the 101 Freeway, and to transform the LA River for<br />
recreational use, there are many initiatives which need our attention.<br />
But, we also need to envision a downtown where all demographic sectors feel comfortable living. We will need high<br />
achievement schools at every level, and safe streets. We will need parks and recreation. The vast areas of South and<br />
East LA need recreational areas and parks. We must consider up-zoning to accommodate growth.<br />
In October, the <strong>ULI</strong> Fall Meeting will come again to <strong>Los</strong> <strong>Angeles</strong>. We have the opportunity to build on the truly unique<br />
resources of this state and region. We are the most diverse community in the world, bringing an unparalleled prism<br />
to view the future of our built environment.<br />
By the initiative process, in 2008 we approved Measure R which can initiate a sea change, causing this region to<br />
reinvent itself. And we are a region which has been exporting professional expertise to Asia for decades, and now<br />
seeing the residual benefit of both lessons learned coming back to benefit our thinking, and foreign investment<br />
finding opportunities in this community.<br />
I look forward to hearing your priorities between now and when I assume the Chairmanship in July <strong>2011</strong>. Please feel<br />
free to email me at raltoon@altoonporter.com to share your thoughts.<br />
In the spirit of collaboration,<br />
Ronald A. Altoon, FAIA, LEED AP, CDP<br />
Incoming Chairman, <strong>2011</strong>-13<br />
3| <strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong>
SIGNATURE PROGRAMS<br />
<strong>Urban</strong> Marketplace<br />
Stan Ross, Chair of the USC Lusk Center, shared trends in real<br />
estate and strategies to survive in a down market.<br />
The Honorable Antonio Villaraigosa highlighted <strong>Los</strong> <strong>Angeles</strong>’<br />
30/10 program.<br />
Katherine Perez recognizes the work of the <strong>Urban</strong> Marketplace<br />
past chairs: Robert Arbour, Charmaine Atherton, Michael<br />
Banner, John Whitaker, and Richard Gentilucci.<br />
Eric Natwig, David Waite, Alex Rose, Ehud Mouchly, and Con<br />
Howe<br />
Katherine Perez, Rudolf Montiel, Arturo Sneider, and Ken Jackson discussed trends in industrial, commercial, and public<br />
housing development.<br />
In 2010, <strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> celebrated the 10th Anniversary of <strong>Urban</strong> Marketplace,<br />
a unique conference on investment opportunities and development strategies for<br />
Southern California’s emerging lower-income and distressed neighborhoods with<br />
nearly 600 attendees. The <strong>Urban</strong> Marketplace has become a national model over the<br />
past nine years, attracting over 5000 real estate and related professionals as well<br />
as community and government leaders to its case studies, roundtable discussions,<br />
and exhibits. Attendees gained valuable insights into the best practices for<br />
development in <strong>Los</strong> <strong>Angeles</strong> and an opportunity to solidify relationships with key<br />
professionals and leaders at the forefront of inner city revitalization.<br />
Over 500 attendees listen to the <strong>Urban</strong> Marketplace Keynote at the Dorothy Chandler Pavilion.<br />
<strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong> | 4
U.S. Senator Barbara Boxer joined the TOD Summit to discuss<br />
the future of transportation in Southern California.<br />
Marilee Utter, President, Citiventure Associates, addressed best<br />
practices in public private partnerships for TOD.<br />
Financing Tools: Jina Yoon, National Development Council;<br />
Kelly Boyer, HUD; and Jill Brooks-Garnett, SunAmerica; share<br />
ways to attract capital for TOD in today’s tough financing<br />
environment.<br />
The Honorable Bill Bogaard, City of Pasadena, and Richard<br />
Bruckner, County of <strong>Los</strong> <strong>Angeles</strong>, delve into the success of<br />
Pasadena’s transit district.<br />
5 | <strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong><br />
TOD SUMMIT<br />
Plenary session: Jonathan Watts, Cuningham Architecture, along with the other technical assistance panel chairs, review<br />
their findings and blueprints for success for four sites in LA County.<br />
<strong>Los</strong> <strong>Angeles</strong> faces a historic opportunity to rethink how we plan, fund, and<br />
build our future communities. To contribute to this conversation, the <strong>Urban</strong><br />
<strong>Land</strong> <strong>Institute</strong> <strong>Los</strong> <strong>Angeles</strong> initiated its premier Transit-Oriented Development<br />
(TOD) Summit in 2010 to engage public and private sector leaders to discuss<br />
pressing transportation and land use challenges. Throughout the course of the<br />
summit, leaders in the field presented panel discussions, case studies and site<br />
tours focusing on TOD finance, policy and design. The guest speakers for the<br />
inaugural TOD Summit included: Barbara Boxer, United States Senator from<br />
California; Shelley Poticha,<br />
Senior Advisor for Sustainable<br />
Housing and Communities at<br />
HUD; and Richard Katz, Board<br />
Member, MTA.<br />
Over 400 developers, city<br />
officials, property owners,<br />
financiers, and community<br />
representatives registered for the<br />
event, showing their commitment<br />
to transit and TOD in <strong>Los</strong><br />
<strong>Angeles</strong>.<br />
The TOD Summit program featured overviews of the four TOD<br />
TAP sites and highlights of the day’s events and the report can<br />
be downloaded from the <strong>ULI</strong>-LA website.
Todd Osbourne, Gensler, and Jose Palacios, AECOM, sketch<br />
out future ideas for Monrovia’s Station Square Transit Village.<br />
City of Monrovia Station Square Transit Village<br />
Transit Oriented Development<br />
Technical Assistance Panel (TAP) Program<br />
A <strong>ULI</strong> Advisory Services Technical Assistance Panel <strong>Report</strong><br />
SLAUSON BLUE LINE STATION<br />
Transit Oriented Development<br />
Technical Assistance Panel (TAP) Program<br />
September 2010<br />
09|23|2010<br />
Donald Brackenbush, Public Private Ventures, and Peter Belisle<br />
Jones Lang LaSalle discuss opportunities for Monrovia’s<br />
Station Square transit Village<br />
As a component of the TOD Summit, the TOD Technical Assistance Panels provided<br />
support and advisory assistance to four selected transit stations in the greater <strong>Los</strong><br />
<strong>Angeles</strong> region. The sites included <strong>Los</strong> <strong>Angeles</strong> County’s Vermont Green Line<br />
Station and Slauson Blue Line Station, the City of Monrovia’s Station Square Transit<br />
Village and the Housing Authority of the City of <strong>Los</strong> <strong>Angeles</strong>’ Jordan Downs 103rd<br />
Street Blue Line Station. This year’s TOD TAP sites benefitted from an extraordinary<br />
group of professionals who brought a fresh pair of eyes to envision planning goals<br />
into development action. The study sites also gained a greater level of awareness,<br />
private sector involvement and were showcased at the TOD Summit. All the reports<br />
are available for download at www.uli-la.org/taps.<br />
High Speed Rail Summit<br />
Development of the California High Speed Rail<br />
offers tremendous opportunities for residential<br />
and commercial development around the high<br />
speed rail stations. In an effort to responsibly<br />
guide this development, California’s <strong>ULI</strong><br />
District Councils organized a landmark event<br />
Members discuss opportunities around high speed rail<br />
during the networking breakfast.<br />
for <strong>ULI</strong> members throughout the state this past<br />
California High-Speed Rail September. The event provided 350 attendees<br />
TOD MarketPlace with the opportunity to discuss and guide the<br />
Technical Assistance Panels for the Cities of San Diego, San Jose & Temecula<br />
future development of communities along the<br />
rail corridor, propelling California into a new<br />
era of responsible development and land use.<br />
Peter Calthorpe, Founder and President, Calthorpe<br />
Associates, shares lessons from Vision California.<br />
TOD Summit TAPs<br />
Jordan Downs 103rd Street Blue Line Station<br />
Transit Oriented Development<br />
Technical Assistance Panel (TAP) Program<br />
October 2010<br />
A <strong>ULI</strong> Advisory Services Technical Assistance Panel <strong>Report</strong><br />
VERMONT GREEN LINE STATION<br />
Transit Oriented Development<br />
Technical Assistance Panel (TAP) Program<br />
September 2010<br />
A <strong>ULI</strong> Advisory Services Technical Assistance Panel <strong>Report</strong><br />
A <strong>ULI</strong> Advisory Services Technical Assistance Panel <strong>Report</strong><br />
The four TOD TAP reports can be found on the <strong>ULI</strong> LA website.<br />
Tunua Thrash, Green Door Advisors, and Rudolf<br />
Montiel, HACLA, discuss panel recommendations for<br />
enhancing the transit station near Jordan Downs.<br />
<strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong> | 6
Karl Fielding, PBS&J and FutureBuild Co-Chair, hosts a roundtable on the LA 30/10 transit plan.<br />
7 | <strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong><br />
FutureBuild LA<br />
The opening panel with Cecilia Estolano, Green for All; Bob Hertzberg, G24 Innovations; James Finlay, Wells Fargo RETECHS;<br />
Romel Pascual, Office of Mayor Antonio Villaraigosa; and Kelly Boyer, US Department of Housing and <strong>Urban</strong> Development,<br />
discussed perspectives on sustainability for climate change.<br />
In 2010, FutureBuild LA served as <strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong>’ annual green conference aimed<br />
at bringing together developers, financiers, builders, law professionals, policy<br />
makers, planners, politicians, product innovators, building owners and operators,<br />
utilities, and other land use and real estate professionals, to explore sustainability<br />
from concept to execution. Through a series of panel discussions, workshops, case<br />
studies, seminars and roundtables, the event created a dynamic forum and fostered<br />
dialogue allowing participants to explore green and sustainable development<br />
strategies.<br />
Bob Hertzberg, Chair of G24 Innovations, discusses improvements<br />
in green development with Daniel Brock, Tecnospot<br />
Solar.<br />
Estela Lopez, Central City East Association, highlights<br />
opportunities to create a CleanTech corridor in <strong>Los</strong> <strong>Angeles</strong>.<br />
Bob Arbour, Triple Net Equities; Dr. Woodrow Clark, corecipient<br />
of the Nobel Peace Prize; and Katherine Aguilar Perez,<br />
<strong>ULI</strong> LA after his presentation on the new economic paradigm.<br />
Kelly Boyer, HUD; Tony Liou, Partner Energy; and Lynn Jacobs,<br />
formerly of California HCD, discuss housing policy ideas in<br />
California.
Students from Birmingham High School present their<br />
proposal for JEGMA Enterprises.<br />
The Best Overall Award was given to Crenshaw High School’s Avingston Arnold,<br />
Brittany Hodges, Stephany Lopez, and Genoveva Mendez.<br />
In 2010 <strong>Urban</strong>Plan LA<br />
featured over 60 professional<br />
volunteers, and over 200 students<br />
competing on 40 teams from 7<br />
different high schools.<br />
“<strong>Urban</strong>Plan is an opportunity to expose students at a young age to the diversity of career paths available to them<br />
in real estate. It is an extremely rewarding experience to inspire young talent, at a time in many of their lives<br />
when they are unsure of their future path, to join our industry and become future leaders in shaping our communities.”<br />
- Alex Stone, Volunteer, <strong>ULI</strong> LA Young Leader<br />
Students from Birmingham High School practice their<br />
presentations in front of peers.<br />
<strong>Urban</strong>Plan is a simulation classroom<br />
exercise for high school students.<br />
Students work in development teams to<br />
analyze and respond to an RFP for the<br />
redevelopment of a specific urban area.<br />
Development teams compete to secure the<br />
rights from a fictitious city council made up<br />
of <strong>Urban</strong>Plan volunteers.<br />
<strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong><br />
<strong>Urban</strong>Plan 2010<br />
High Schools<br />
Birmingham High School, San Fernando Valley<br />
Cleveland High School, San Fernando Valley<br />
Crenshaw High School, <strong>Los</strong> <strong>Angeles</strong><br />
Jefferson High School, <strong>Los</strong> <strong>Angeles</strong><br />
John F. Kennedy High School, Granada Hills<br />
Westchester High School, <strong>Los</strong> <strong>Angeles</strong><br />
Wilson High School, <strong>Los</strong> <strong>Angeles</strong><br />
<strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong> | 8
David Herjeczki, Gensler, and Ryan Spruston, Gensler, discuss their experience of Hollywood and Vine.<br />
Programs and Case Studies<br />
Over the past year the Young Leaders Group hosted a number of exciting<br />
programs that sparked insightful discussions and highlighted best practices of<br />
new initiatives and development projects, including: “Hollywood & Vine Case<br />
Study” and “Revitalizing Historic Corridors.”<br />
Partnership Forums<br />
The <strong>ULI</strong> LA YLG Partnership Forum provides an ongoing opportunity to share and<br />
discuss with a group of peers the issues that real estate professionals face each<br />
day. We would like to thank each of our moderators for their time and commitment<br />
to mentor the next generation of leaders: Jeff Gault, Sunbrook Partners; Lew<br />
Horne, CBRE; Greg Gotthardt, Alvarez and Marsal; David Malmuth, David<br />
Malmuth Development; Ray Evans, Austin Equities; Marty Borko, Gensler.<br />
Bob Eidson, Bank of America; Jonathan Littrell, Raines Law Group; Andrew Raines of the Raines<br />
Law Group; Bobby Borisov, Barons Empire; and Greg Mino, Fuscoe Engineering at the YLG Intro to<br />
Receivership Event.<br />
Education<br />
The YLG hosts a variety of workshops to educate its membership about<br />
current trends in real estate and help them expand their professional expertise.<br />
Workshops from this past year included: “Debt: Where to find it in 2010,” “Intro<br />
to Receivership,” “Forbearance, DIL, & Workouts: How to Banks Decide?”, “Asset<br />
Management: Who, What, Why, and How?”, and “ABC’s of BID’s”.<br />
Find <strong>ULI</strong> LA YLG on Facebook and Linkedin<br />
and online at www.uli-la.org/young-leaders<br />
7 9 | <strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> <strong>Annual</strong> <strong>Report</strong> <strong>Report</strong> <strong>2011</strong> <strong>2011</strong><br />
YOUNG<br />
LEADERS GROUP<br />
The mission of the <strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> Young Leaders Group (YLG)<br />
is to create opportunities for young professionals to develop skills<br />
and build relationships that will help them advance in their careers,<br />
to help foster a connection to the great <strong>ULI</strong> community, and to<br />
gain an understanding of thoughtful land use and development<br />
practices.<br />
Lauren Madden, <strong>Urban</strong> Strategy Group, LLC.; Lev Gershman, GE Capital; Karin Liljegren, AIA,<br />
Architect, Omgivning; Justin Weiss Downtown BID; Noel Hyun, USC Law; Christine Fedukowski,<br />
Principal, CFC; Mott Smith, Principal, Civic Enterprise; Jessica Wethington McLean, Executive<br />
Director, Bringing Back Broadway; and Ryan Spruston, Gensler.<br />
Leading the Way Breakfast Series<br />
YLG continued its successful monthly breakfast series, titled “Leading the<br />
Way”, which provided an up close and personal opportunity to sit down with<br />
top real estate industry professionals and gain insight into leadership, career<br />
paths, success, lessons learned, and what <strong>ULI</strong> means to them. Thank you to<br />
Bud Ovrom of the <strong>Los</strong> <strong>Angeles</strong> Department of Building & Safety, Michael<br />
Lesser of Eastdil Secured, Jonathan Genton of Genton Property Group, James<br />
Sohn of LAUSD, Mark Weinstein of MJW Investments, Tony Liou of Partner<br />
Energy and Dean Pappas of Goodwin Proctor.<br />
Below: Dennis Allen, LA Street Car; Lev Gershman, GE Capital and YLG Chair; and Noel Hyun, USC Law<br />
at a networking reception.
Participants tour the recently completed Terranea Resort in Rancho Palos Verdes.<br />
Meet & Greets<br />
This year members had the opportunity for intimate discussions<br />
with <strong>Los</strong> <strong>Angeles</strong> public officials and prominent leaders through the<br />
Meet & Greet and Luminaries Series, including:<br />
- Richard Bruckner, County of <strong>Los</strong> <strong>Angeles</strong> Planning Department<br />
- Christine Essel, CEO, CRA/LA<br />
- Gail Goldberg, former Director of Planning, City of <strong>Los</strong> <strong>Angeles</strong>.<br />
- Douglas Guthrie, General Manager, LA Housing Department<br />
- Cal Hollis, Deputy Chief of Operations for Real Estate and Economic<br />
Development, CRA/LA<br />
- Bud Ovrom, General Manager, LA City Department of Building and<br />
Safety<br />
- Richard Ziman, Chairman, AVP Advisors<br />
- Michael LoGrande, Director of Planning, City of <strong>Los</strong> <strong>Angeles</strong><br />
At the WAV, participants learned how PLACE and the City of Ventura were able to blend the arts,<br />
community-driven development, live/work spaces, small business development and affordable<br />
housing all together in one inspiring place.<br />
Breakfast Series<br />
The breakfast program features various topics of interest for the<br />
development community including:<br />
- Housing Trends with John McIlwain<br />
- Entitling Today for Tomorrow<br />
- New Money, Fresh Ideas, Diverse Directions<br />
- A Solution for Today’s Challenges and Tomorrow’s Projects<br />
- State of the Capital Markets<br />
- <strong>Land</strong>scape as <strong>Land</strong> Leverage<br />
- Thinking Outside the Big Box<br />
<strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong><br />
Programs<br />
<strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> offers programs that will give you a bird’s-eye<br />
view of what lies ahead in the real estate industry, where you<br />
need to be to stay competitive, and how to prosper in the world<br />
of development. In 2010, program topics ranged from capital<br />
markets, distressed properties, entitling projects, housing trends,<br />
site tours and more.<br />
Woodie Tescher, PBS&J; Gail Goldberg; Mitch Menzer, Paul Hastings; and Andrew Fogg, Cox, Castle &<br />
Nicholson at the Tribute to Gail Goldberg Reception.<br />
Case Studies<br />
and Site Tours<br />
<strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> held numerous case studies this year highlighting<br />
unique projects and best practices. Guests heard from the project<br />
team and community leaders on what it took to be successful and<br />
toured the site. This year sites included:<br />
- Terranea Resort in Rancho Palos Verdes<br />
- The WAV in Ventura<br />
- Century Business Center and Hawthorne Airport<br />
Below: Mike Marino, Wells Fargo Bank; Guy Johnson, Johnson Capital; Richard Pink, ING Clarion;<br />
Brian Bowis, Freddie Mac; and Scott Douglass, Prime Finance Partners, at the Building the Deal<br />
Pipeline capital markets breakfast.<br />
<strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong> | 10
Shahrouz Golshani, Plaza Property Group, discusses the<br />
significance of permanent supportive housing in creating<br />
vibrant and sustainable communities.<br />
<strong>ULI</strong> LA tours recent permanent supportive housing<br />
developments in <strong>Los</strong> <strong>Angeles</strong>.<br />
Alex Rose, Continental Development; Ehud Mouchly, READI,<br />
Inc.; and Michael Alvidrez, Skid Row Housing Trust assisted<br />
1000 Homes in creating partnerships for the initiative.<br />
11 | <strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong><br />
1000 Homes Initiative<br />
Antonio Manning, JP Mogan Chase, honors the Honorable Jan Perry, President Pro Tempore, <strong>Los</strong> <strong>Angeles</strong> City Council with<br />
a Supportive Housing Champion Award<br />
1000 Homes<br />
1000 Homes is an initiative focused on helping to end chronic homelessness<br />
in LA County. The involvement of the private sector in the battle to end chronic<br />
homelessness is critical in order to develop solutions that are effective, practical,<br />
and attainable. <strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> partnered with UCLA Ziman Center for Real Estate,<br />
Corporation for Supportive Housing, Shelter Partnership, Inc., Westside <strong>Urban</strong><br />
Forum in this effort.<br />
Development Competition<br />
1000 Homes Development Competition inspired young professionals to create<br />
feasible solutions that integrate development, design, and social services. Each<br />
team was matched up with a public-sector sponsor to propose a supportive housing<br />
project in one of the competition cities. The design objective was to meet the unique<br />
needs of the community. The winners of the competition for their proposal to the<br />
City of Glendale included: Jed Tarr, Connor Humphreys, Laura Leavitt, MSW, Derek<br />
Leavitt, AIA, and Idalia Santos.<br />
Mobile Tours<br />
This past year, participants had the opportunity to walk through several exemplary<br />
permanent supportive housing projects, learning directly from the development<br />
executives that put the projects together, and hearing from elected officials that<br />
championed these challenging projects into reality.<br />
Supportive Housing Innovation Awards<br />
The Supportive Housing Innovation Awards recognized the best permanent<br />
supportive housing developers and champions in <strong>Los</strong> <strong>Angeles</strong> for their tremendous<br />
contributions. This year, <strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> honored Skid Row Housing Trust for<br />
the New Carver Apartments, A Community of Friends for Rayen Apartments, and<br />
Clifford Beers for Long Beach Village Housing, President Pro Tempore Jan Perry,<br />
<strong>Los</strong> <strong>Angeles</strong> City Council Ninth District, the Conrad K. Hilton Foundation, and the<br />
San Gabriel Valley Council of Government.
<strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> Committees<br />
<strong>ULI</strong> LA District Council – Alex Rose, Continental Development<br />
Corporation<br />
Communications – Jack Skelley, Paolucci Communication Arts<br />
Finance – Deni Shulz, First Citizens Bank<br />
FutureBuild LA – Robert Arbour, Triple Net Equities<br />
<strong>Land</strong> Use Leadership – Ronald Altoon, Altoon + Porter, Mitch<br />
Menzer, Paul Hastings, John Whitaker, DLA Piper<br />
LARC Awards – Clare De Briere, The Ratkovich Company, and<br />
Sandra Kulli, Kulli Marketing<br />
Membership – George Garfield, Transwestern Commercial<br />
Services<br />
Michael Donovan, MD3 Consultant Group<br />
and chair of <strong>Urban</strong>Plan, takes time out with<br />
students during the <strong>Urban</strong>Plan Kick-Off.<br />
Programs – David Waite, Jeffer, Mangels, Butler, & Mitchell<br />
Sponsorship – William Durslag, CB Richard Ellis<br />
Technical Assistance Panels – Jonathan Curtis, Colliers International<br />
TOD Summit – John Waldron, Waldron + Waldron Architects, Ramin<br />
Kolahi, Lighthouse Investments, Inc.<br />
<strong>Urban</strong>Plan – Starlett Quarles, The Bedford Group, and Michael<br />
Donovan III, MD3 Consultant Group<br />
<strong>Urban</strong> Marketplace – Charmaine Atherton, Bank of America<br />
Young Leaders Group – Lev Gershman, GE Capital<br />
1000 Homes – Shahrouz Golshani, Plaza Property Group<br />
Governance Committee – Wayne Ratkovich, The Ratkovich Company<br />
<strong>Land</strong> Use Leadership Committee<br />
The aim of the <strong>Land</strong> Use Leadership Committee is to exert leadership in addressing Southern California’s urban land use<br />
policy issues in order to benefit our cities, create thriving communities and improve our quality of life. The committee explored<br />
development reform, infrastructure needs, sustainability, transportation, preservation, housing, among others. The committee<br />
serves as a resource for numerous public and private agencies, including: the City of <strong>Los</strong><br />
<strong>Angeles</strong> Planning Department, CRA/LA, County of <strong>Los</strong> <strong>Angeles</strong>, Housing Authority of the City<br />
of <strong>Los</strong> <strong>Angeles</strong>, LAEDC, and others.<br />
SB375 Impact Analysis <strong>Report</strong><br />
Along with <strong>ULI</strong>’s other four California District Councils, <strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> assisted in<br />
producing a report on the potential economic benefits of Senate Bill 375, California’s smart<br />
growth bill. The report, authored by AECOM, was the result of an extensive literature survey<br />
and two days of deliberations by a 16-person member expert panel, including <strong>Los</strong> <strong>Angeles</strong><br />
leaders Renata Simril, Jones Lang LaSalle, Mitch Menzer, Paul Hastings, LLP, and Michael K.<br />
IMPACT ANALYSIS REPORT Woo, California State Polytechnic University Pomona, College of Environmental Design.<br />
JUNE 2010<br />
Michael Banner, <strong>Los</strong> <strong>Angeles</strong> LDC; Walter<br />
Maynard, HACLA; and Keith Colter, <strong>ULI</strong> <strong>Los</strong><br />
<strong>Angeles</strong> at a meet and greet reception.<br />
Committees at Work<br />
Charmaine Atherton, Bank of America<br />
Merrill Lynch, welcomes guests to the 10th<br />
Anniversary of <strong>Urban</strong> Marketplace.<br />
Mitch Menzer, Paul Hastings, thanks Gail<br />
Goldberg for her service to the City of <strong>Los</strong><br />
<strong>Angeles</strong> on behalf of <strong>ULI</strong> LA.<br />
<strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong> | 12
<strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> Leadership<br />
<strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> Recognizes Our Local Leaders<br />
Executive Committee<br />
Alex Rose, Continental Development Corporation (Chair)<br />
Ronald Altoon, Altoon + Porter Architects, LLP (Incoming Chair)<br />
Charmaine Atherton, Bank of America Merrill Lynch<br />
Richard Bruckner, County of <strong>Los</strong> <strong>Angeles</strong><br />
Robert Buente, 1010 Development Corporation<br />
Dan Chandler, Chandler Partners<br />
Scott Cooper, Sidley Austin LLP<br />
Jonathan Curtis, Colliers<br />
Clare De Briere, The Ratkovich Company<br />
Michael J. Donovan, MD3 Consultant Group<br />
Bill Durslag, CB Richard Ellis Inc.<br />
Karl Fielding, PBS&J<br />
George Garfield, Transwestern Commercial Services<br />
Richard Gentilucci, BTG-Advisors, LLC<br />
Lev Gershman, GE Capital Real Estate<br />
Shahrouz Golshani, Plaza Property Group<br />
Dr. Richard Green, USC Lusk Center for Real Estate<br />
Lew Horne, CB Richard Ellis Inc.<br />
Past Chairs<br />
Michael Banner, <strong>Los</strong> <strong>Angeles</strong> LDC, Inc.<br />
Donald Brackenbush, Public Private Ventures, Inc.<br />
James Goodell, Public Private Ventures, Inc.<br />
Thomas Larmore, Harding, Larmore, Kutcher & Kozal<br />
Richard Lawrence, Law Offices of Richard A. Lawrence<br />
John Menne, Metlife Real Estate Investments<br />
Ronald Silverman, Cox, Castle & Nicholson LLP<br />
Wayne Ratkovich, The Ratkovich Company<br />
Trustees in <strong>Los</strong> <strong>Angeles</strong><br />
John Cushman, Cushman & Wakefield, Inc.<br />
Robert Lowe, Lowe Enterprises Real Estate Group<br />
Roy March, Eastdil Secured<br />
Kim Richards, The Athens Group<br />
Past Trustees in <strong>Los</strong> <strong>Angeles</strong><br />
Michael Banner, <strong>Los</strong> <strong>Angeles</strong> LDC, Inc.<br />
A. Larry Chapman, Commercial Real Estate Group Wells Fargo<br />
John Cushman, Cushman & Wakefield, Inc.<br />
Jeffrey Gault, Solus Property Company<br />
James Goodell, Public Private Ventures, Inc.<br />
Robert Lowe, Lowe Enterprises Real Estate Group<br />
Bruce Ludwig, Ludwig Capital<br />
Robert Maguire, Maguire Properties<br />
Bowen McCoy, Buzz McCoy Associates, Inc.<br />
Wayne Ratkovich, The Ratkovich Company<br />
Alex Rose, Continental Development Corporation<br />
Stan Ross, USC Lusk Center for Real Estate<br />
Robert Ruth, The Ruth Group<br />
Ronald Silverman, Cox, Castle & Nicholson, LLP<br />
13 | <strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong><br />
Con Howe, CityView<br />
Sandra Kulli, Kulli Marketing<br />
Mitch Menzer, Paul, Hastings, Janofsky & Walker, LLP<br />
Ehud Mouchly, READI, LLC<br />
Tom Neary, Morley Builders<br />
Richard Newman, Lowe Enterprises Real Estate Group, West<br />
Starlett Quarles, The Bedford Group<br />
John Quiter, Cuningham Group Architecture, PA<br />
Dan Rosenfeld, Office of Supervisor Mark Ridley Thomas<br />
Peter J. Roth, Esq., Allen Matkins Leck Gamble Mallory & Natsis LLP<br />
Bob Ruth, The Ruth Group<br />
Greg Schultz, First American Title Insurance Co.<br />
Deni Schulz, First Citizens Bank<br />
Jack Skelley, Paolucci Communication Arts<br />
David Waite, Jeffer Mangels Butler & Mitchell LLP<br />
John Whitaker, DLA Piper US, LLP<br />
Kevork Zoryan, Morgan Stanley | Merchant Banking<br />
Board of Advisors<br />
William Bogaard, City of Pasadena<br />
Rick Caruso, Caruso Affiliated<br />
John Cushman III, Cushman & Wakefield, Inc.<br />
Gail Goldberg, Formerly of the City of <strong>Los</strong> <strong>Angeles</strong><br />
Brian Jones, BMJ Advisors<br />
Stuart Ketchum, Stuart M Ketchum Real Estate Investments<br />
Bob Lowe, Lowe Enterprises, Inc.<br />
Bruce Ludwig, Ludwig Capital<br />
Robert F. Maguire III, Maguire Properties<br />
Michael Matkins, Allen Matkins Leck Gamble & Mallory LLP<br />
Bowen "Buzz" McCoy, Buzz McCoy Associates, Inc.<br />
Stan Ross, Lusk Center for Real Estate<br />
Bill Tooley, Tooley Investment Company<br />
Academic Fellows<br />
Stuart Gabriel, UCLA Ziman Center for Real Estate<br />
<strong>ULI</strong> Life Trustees in <strong>Los</strong> <strong>Angeles</strong><br />
Stan Ross, Lusk Center for Real Estate<br />
Buzz McCoy, Buzz McCoy Associates, Inc.<br />
<strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> Staff<br />
Katherine Aguilar Perez, Executive Director<br />
Christine Aure, Director of Programs<br />
Ciara Contreras, Special Projects Consultant<br />
* All images taken by John Dlugolecki unless otherwise noted.
Programs & Initiatives for <strong>2011</strong><br />
Fall Meeting <strong>ULI</strong>’s Fall Meeting is the premier real<br />
estate industry event–the place where top decision makers<br />
meet to share strategies and solutions for dealing with<br />
today’s issues, and hear about the trends and opportunities<br />
that will give them a competitive edge in the future.<br />
OCTOBER 25-28, <strong>2011</strong><br />
<strong>Urban</strong> Marketplace is a unique conference,<br />
brought to you by the Inner City and <strong>Urban</strong> Policy<br />
Committee, on investment opportunities and development<br />
strategies for Southern California’s emerging lower-income<br />
and distressed neighborhoods. MARCH 18, <strong>2011</strong><br />
The TOD Summit strives to engage public and<br />
private sector leaders to discuss pressing transportation<br />
and land use challenges with the intent to identify common<br />
goals and principles that will lead to successful development<br />
around transit. JUNE 2, <strong>2011</strong><br />
FutureBuild LA creates a dynamic forum and<br />
fosters dialogue allowing participants to explore sustainable<br />
technology, and the connection between transportation,<br />
green infrastructure, incentives, LEED, building design, and<br />
building operation.<br />
NOVEMBER 15, <strong>2011</strong><br />
VantageForum is a pivotal day-long, interactive<br />
event presents illuminating trends and forecasts from local,<br />
regional and national perspectives. The program addresses<br />
the impacts of an evolving international economic framework<br />
and market fundamentals.<br />
LARC Awards are presented to four recipients to<br />
encourage and reward brave, innovative, and potentially<br />
world changing thought and to honor those who have<br />
distinguished themselves through unparalleled creative<br />
achievement.<br />
<strong>Urban</strong>Plan is a simulation classroom exercise from<br />
January to June for high school students created by the<br />
<strong>Urban</strong> <strong>Land</strong> <strong>Institute</strong>. Students work in development teams<br />
to analyze and respond to a hypothetical “Request for<br />
Proposal” for the redevelopment of a specific urban area.<br />
Development teams compete to secure the rights from a<br />
fictitious city council made up of <strong>Urban</strong>Plan volunteers.<br />
Breakfast Programs is a monthly program series<br />
for the whole <strong>ULI</strong> membership to gain new perspectives<br />
and skills. In the past, the topics have focused on housing<br />
trends, capital markets, parks, retail, entitlements and more.<br />
Technical Assistance Panels offer public<br />
agencies, private firms, and nonprofit organizations facing<br />
complex land use and real estate issues in the greater <strong>Los</strong><br />
<strong>Angeles</strong> region expert and objective advice.<br />
The Young Leaders Group creates opportunities<br />
for young professionals to develop skills and build<br />
relationships that will help them advance in their careers,<br />
and to foster a connection to the broader <strong>ULI</strong> membership.<br />
Meet and Greets provide opportunities to learn<br />
about and discuss current projects, initiatives, and future<br />
goals with prominent individuals in the planning, design and<br />
government realms in the <strong>Los</strong> <strong>Angeles</strong> region.<br />
Site Tours & Case Studies offer members the<br />
opportunity to tour project and construction sites to get a<br />
first hand look at the process in action. These tours are led<br />
by individuals instrumental to the project, providing a one of<br />
a kind experience.<br />
Capital Market Series provides members and<br />
non-members with current information, commentary and<br />
insight on activities in the public and private real estate<br />
markets.<br />
Housing Initiative Council serves as a<br />
platform to understand issues around housing and to<br />
provide solutions to increase housing production in <strong>Los</strong><br />
<strong>Angeles</strong>.<br />
Infrastructure Initiative Council addresses<br />
infrastructure needs for the continued growth and<br />
improvement of <strong>Los</strong> <strong>Angeles</strong>.<br />
<strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong> | 14
<strong>ULI</strong> <strong>Los</strong> <strong>Angeles</strong> District Council<br />
601 South Figueroa Suite 500<br />
<strong>Los</strong> <strong>Angeles</strong>, CA 90017<br />
T: (213) 542-4694<br />
F:(213) 802-0790<br />
www.uli-la.org