ND REAL ESTATE CHALLENGE - April 29, 2021 1990 - NAIOP San ...
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32
ND
1990 2021
REAL ESTATE CHALLENGE
April 29, 2021
CAL - STANFORD
CHALLENGE 2021
April 29, 2021
Opening Remarks
Welcome & Corporate Sponsor Acknowledgements
Adam Lasoff, JLL Capital Markets
NAIOP San Francisco Bay Area Chapter President
Introduction, Challenge History and
Challenge Sponsor Acknowledgments
Dennis Williams, NorthMarq Capital
Challenge Chair
The Challenge Process
Alexandra Stoelzle, Kilroy Realty Corporation Challenge Co-Chair
Cal Team Presentation
Stanford Team Presentation
Audience Q&A + Jury Deliberation
Presentation of the James W. Brecht
Memorial Golden Shovel
Kelly Kline, Mayor Sam Liccardo’s Office, City of San Jose, Jury Chair
Presentation of the Challenge for Charity Award
Paul Nakae, Mechanics Bank
Challenge for Charity Sponsor
Site Sponsor Remarks
Ron Golem, Director of Real Estate & Transit-Oriented Development, VTA
Jessie O'Malley Solis, Transit-Oriented Development Program Manager, VTA
Networking Breakout Sessions
Closing Remarks
Alexandra Stoelzle, Kilroy Realty Corporation Challenge Co-Chair
RIVER OAKS VTA CAMPUS 2021 GOLDEN SHOVEL SITE
COMPETITION FOR THE
JAMES W. BRECHT
MEMORIAL GOLDEN SHOVEL
CAL TEAM STANFORD TEAM
DAVID DIAZ MICHEL BAKHOUM
ALEXANDER DRAGTEN CARA ECKHOLM
LUCY PHILLIPS KATHERINE EVERS
TARA SINGH MEREDITH LEE
JOEY MATT GREGOIRE
WEINSTEIN-CARNES WARDROP
BILL FALIK TODD REGONINI
(ADVISOR) (ADVISOR)
REAL ESTATE CHALLENGE COMMITTEE
Dennis Williams Charlie Lauren Alexandra Lauren Young
(Chair) McEachron Pressman Stoelzle (Co-Chair)
(Co-Chair) (Co-Chair) (Co-Chair)
Believing in you.
Serving our
communities.
Congratulations to the NAIOP SFBA Real Estate Challenge Winner!
800.797.6324
MechanicsBank.com
2021 TEAM ADVISORS
CAL TEAM ADVISOR —
Bill Falik, Managing Partner, Westpark Communities
Bill Falik has practiced land use, real estate, mediation, and
environmental law in Northern California for the past 42 years.
He graduated magna cum laude from Cornell University in 1968
and from Harvard Law School in 1971 serving as an editor of the Harvard Law
Review. Mr. Falik is a Managing Partner of Westpark Communities, having
developed master planned communities with over 9,000 residential lots. Mr.
Falik serves on the Policy Advisory Board for the Fisher Center. For over a
decade, while continuing his development work, he has also been a Visiting
and Adjunct Professor at Berkeley Law School, and he is on the Faculty of the
Haas School of Business where he teaches an interdisciplinary course to law,
business, planning, public policy, and civil engineering students.
He also coaches the Berkeley Golden Shovel team and co-coaches the Haas
UT Austin team.
STANFORD TEAM ADVISOR —
Todd Regonini, Chief Investment Officer, Development
Properties, Sares Regis Group of Northern California
Todd Regonini has been with Sares Regis Group of Northern
California since the firm’s founding. He serves as Chief
Development Officer of the Company, and oversees all residential
development activities, including for-sale, for rent apartments, and affordable
housing. He is also a member of the firm’s Investment Committee. Todd has a
BS in Civil Engineering from Worcester Polytechnic Institute and a MS from
Stanford University. He has served as a Consulting Associate Professor at
Stanford University, is a full Member of ULI (Residential Neighborhood
Development Council), and is a Board member of the Bay Area BIA.
This is Todd’s second year as the Stanford Coach for the Golden Shovel.
2021 JURY MEMBERS
Kelly Kline
Chief Economic Development and Land Use Officer, Mayor
Sam Liccardo's Office, City of San Jose
Kelly Kline has worked in municipal government in Silicon
Valley for over 25 years, focusing much of her career on
business development, urban revitalization, and public/private partnerships.
Kelly's background in Redevelopment, Economic Development, and Smart City
Innovation has allowed her to play pivotal roles in San Jose, Cupertino and
Fremont as each of these communities have boosted their employment profile,
developed key industry sectors, and enhanced amenities for residents. As the
Chief Economic Development and Land Use Officer for San Jose Mayor Sam
Liccardo, she is actively engaged in facilitating downtown development
projects, leveraging transit stations, increasing job opportunities, and
supporting cultural and commercial vibrancy across the city. Since the
pandemic, she has focused on equitable economic recovery for the region.
Kelly received her Bachelor’s and Master’s Degrees from San Jose State
University, and is a graduate of the Senior Executives in State and Local
Government program at Harvard’s Kennedy School. You can follow her on
Twitter: @kellyhkline
Chris Birdwell
Executive, Pacific Union Company
Chris is an executive with Pacific Union Co. based out of St.
Helena, CA with a focus on managing a real estate portfolio that
includes a mix of Napa Valley office, residential, restaurant, and
hotel properties. Since 2009, Chris has been responsible for the renovation
and repositioning of Meadowood Napa Valley, a 350 acre resort located in St.
Helena and also home to its three-Michelin starred The Restaurant at
Meadowood. The resort is currently under renovation resulting from damages
due to the Glass Fire in September 2020. In 2016 and 2017, Chris partnered
with Chef Christopher Kostow on the renovation and opening of a new
restaurant in St. Helena called The Charter Oak. From 2006 to 2008, Chris
worked with Regis Homes of Northern California on the entitlements and
development of a variety of residential communities in Fremont and Palo Alto.
Prior to 2006, Chris spent two years working at Matt Construction on the
completion of a number of interior projects at The Walt Disney Concert Hall as
well as the renovation of The John Thomas Dye School, both located in Los
Angeles. Chris holds a BS degree from the University of California, Berkeley
and an MBA from Stanford’s Graduate School of Business. Chris was a past
participant in the 2005 Golden Shovel competition on Stanford’s Villas Park
Merced Golden Shovel team.
Matt Lituchy
Chief Investment Officer, Jay Paul Company
Matt Lituchy joined Jay Paul Company in 2000. In his capacity
as Chief Investment Officer, he oversees acquisitions,
dispositions and new business opportunities as well as all
capital and financing activities for the company. As a senior member of the
company’s executive suite, his responsibilities also include strategic planning
and overall company management. With over 35 years of commercial real
estate experience, Matt has raised over $8 billion in project financing and
acquired in excess of $1 billion of commercial real estate for investment or
redevelopment in Bay Area, San Diego County, and Texas. Prior to joining Jay
Paul Company, Matt held senior management positions in commercial real
estate finance for Bank of America and KeyCorp in San Francisco and New
York. Matt currently serves as the Board President of the East Cut Community
Benefit District and is a member of the Board of Directors of the Silicon Valley
chapter of NAIOP where he served as the 2013 Chapter President. He also
serves on the Northern California Real Estate and Construction Council for the
City of Hope, where he served as its President 2015-2017.
Paul Nakae
Executive Vice President, Mechanics Bank
Paul Nakae is a 35-year veteran of commercial real estate
lending. He currently works for Mechanics Bank in Walnut
Creek in the Real Estate Industries Group. Previously with Bank
of the West, Paul managed several loan production offices across the Western
United States. He also managed a group of loan workout specialists for the
Bank’s classified real estate loans and managed the Bank’s commercial OREO
department. Paul also worked at Security Pacific National Bank/Bank of
America in their Real Estate Industries Group. He holds a Bachelor of Science
degree (Finance) from Cal State University, Northridge, where he also minored
in Fine Arts. Paul has been a guest lecturer at both Stanford’s Graduate
School of Business and at the Haas School of Business at University of
California, Berkeley.
Alexis Pelosi
Principal Attorney, Pelosi Law Group
Alexis Pelosi has had a twenty-year career as a land use
attorney in the San Francisco Bay Area, with extensive
expertise gaining approval for complex developments in the
Bay Area and throughout California. Alexis has practiced law at some of the
leading firms in California, including Morrison & Foerster and Sheppard Mullin
Richter and Hampton, and served as a Deputy City Attorney in the City of
Oakland, City Attorney's Office. In 2011, she launched her own firm, the Pelosi
Law Group. Alexis serves as Chair of the Oakland Jobs and Housing Coalition,
on the Executive Board and Oakland Board of San Francisco Planning and
Urban Research (SPUR), one of the Bay Area's leading civic and public policy
organizations, on the California Steering Committee for Up for Growth, and on
the Advisory Board of UCSF Children's Hospital. Alexis served as a member of
the committee drafting environmental policy papers for California Governor
Newsom's 2018 campaign. She also served on the Finance Committee for
California Governor Newsom's 2018 campaign and currently serves on the
Biden for President National Finance Committee. Alexis received her JD from
the University of California at Berkeley (Berkeley Law) and has a Master's in
Environmental Science from Johns Hopkins University and a B.S. in
Agricultural and Managerial Economics, with a minor in Environmental Policy
from University of California at Davis.
Thomas Siewert
Partner, Terrence J. Rose
Tom Siewert is the development and acquisitions partner with
Terrence J. Rose, Inc., a Silicon Valley-based real estate
development and investment firm. His experience includes the
construction of office, R&D, industrial, re-tail, and commercial condominiums.
He oversees project entitlement and business park development, sources
project capital and financing, and is responsible for the acquisition of out-of-
state multi-family communities. He has served on the NAIOP – Washington
D.C. national board of directors, and received his Bachelor’s degree in Real
Estate and Urban Land Economics from the University of Wisconsin.
HISTORY OF THE CHALLENGE &
GOLDEN SHOVEL AWARD
The Challenge was established in 1990 by
Steve Chamberlin, a local developer and emeritus
adjunct professor in real estate at UC Berkeley’s Haas
School of Business, to give graduate students hands-on
experience in real estate development. Every year,
teams are assigned a project site and given just 60 days
to come up with a development proposal. A select panel
of jurors reviews both proposals in detail and chooses a James W. Brecht
winner after the final team presentations on the day of the competition.
The winning team takes home the highly coveted prize and symbol of the
Challenge, the James W. Brecht Memorial Golden Shovel. The prize,
previously known as “The Shovel”, was renamed in honor of Brecht, a long-
time NAIOP and Challenge supporter, and president of Simons & Brecht, Inc.
Mr. Brecht passed away in 2001.
James (Jim) joined Larry Simons’ architectural practice in 1976, bringing not
only his education and training as an architect, but also ideas about how
architecture might result in better building environments when blended with
development skills. Jim believed that developers should look at user
requirements and how buildings are used, and design around these needs.
This philosophy shaped the work that Jim and Larry undertook, resulting in
buildings that performed well for users as well as owners and investors.
Jim had an abiding interest in the economic vitality of Sonoma County and was
active in the Santa Rosa Chamber of Commerce, Go Sonoma, Leadership
Santa Rosa, and City Vision. He was instrumental in the city’s vision for the
Railroad Square area, and the creation of the Food and Wine Center.SPIRE is pleased to sponsor the
STANFORD UNIVERSITY TEAM in the
2021 NAIOP SFBA Real Estate Challenge!
Michel Bakhoum, MS ’21 Cara Eckholm, MBA ’22, MS ‘22 Katherine Evers, MBA ‘22
Meredith Lee, MS ‘22 Matt Wardrop, MBA ‘22
SPIRE works to empower the Stanford community to innovate
within real estate, placemaking, and the built environment by
connecting Stanford alumni, students, faculty, and staff to share
opportunities, ideas, knowledge, and practices.
FOUNDING CORE SPONSOR
JOIN TODAY!
spirestanford.orgv
Professional Network.
Lifelong Learning.
Student Engagement.
BREAA is proud to
sponsor the CAL TEAM
in the 2021 SFBA Real
Estate Challenge! Join the Berkeley
Real Estate Alumni
Association!
BREAA is the official real estate alumni
association of the University of California,
Find upcoming events
Berkeley. and learn more at
berkeleyrealestate.org
We are committed to developing a diverse
community of professionals that provides
graduates and students with opportunities to
serve, learn, connect, and innovate in the built
environment. Founding BREAA SponsorCHALLENGE HISTORY
Cal: 18 | Stanford: 13
CAL TEAM RECORD STANFORD TEAM RECORD
1990 - Port of Oakland 1991 - Menlo Park Site
1994 - Hunter’s Point Navy Yard 1992 - Oakland Rotunda
1995 - San Leandro BART 1993 - Santa Rosa Convention Center
1996 - Hegenberger Oakland 1997 - Octel Headquarters
1998 - Spieker Sunnyvale 1999 - Union City BART
2000 - Port of SF, Pier 70 2004 - Goodwill Industries, SJ
2001 - Mare Island Legacy Partners’ Site 2005 - The Villas Park Merced
2002 - Pacifica Site 2006 - Goodwill Industries, SF
2003 - 8th & Brannan, SF 2007 - Solano County Fairgrounds
2008 - Port of SF, Pier 90-94 2013 - Millbrae Yard
2009 - Port of SF, Pier 21-23 2014 - Brooks Hall
2010 - Downtown Walnut Creek 2016 - Prologis Warehouse, S. SF
2011 - City of Livermore 2017 - City of San Bruno Plaza
2012 - Balboa Reservoir
2015 - Fort Mason, Pier 1
2018 - Fremont/Warm Springs BART
2019 - City of San Jose, Regional Water
Facility
2020 - Justin-Siena Highschool
is a proud sponsor of
the
NAIOP SFBA
Real Estate Challenge
Building
communities
where people
live, work,
and play.
For over 25 years, Westpark Communities has been
one of Sacramento region’s leading land development
companies. Westpark’s principals offer over 100 years
of combined real estate development experience,
successfully developing Master Planned Communities
across the region through community collaboration,
environmentally sensitive land use planning, and
innovative land management practices and solutions.
Master Planned Communities in Northern CaliforniaAdios Nuevo Covido!!!!! AllWest Environmental Inc. WWW.ALLWEST1.COM
Proud sponsor of the NAIOP SF Bay Area
32nd Annual Real Estate Challenge
Good luck to all!
The Key at 12th, OaklandJay Paul Company is proud to support the
32nd Annual Real Estate Challenge
Best of luck to both Cal and Stanford!
www.jaypaul.comTerrence J. Rose, Inc. Is Proud To Sponsor The 32nd Annual Cal/Stanford Real Estate Challenge Best Of Luck To Both Teams
© John Sutton Photography 2019
WE GET IT.
Your Vision. Your Values. Results.
Project Management Advisors, Inc.
Proudly Sponsors
The 32nd Annual Real Estate Challenge
© Lawrence Anderson
PROJECT MANAGEMENT | PROGRAM MANAGEMENT | DEVELOPMENT MANAGEMENT | INVESTOR REPRESENTATION
Austin Chicago Los Angeles New York Presence Orlando San Diego San Francisco San Jose Presence
www.pmainc.comWe are in the business
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“Bank of America” and “BofA Securities” are the marketing names used by the Global Banking and Global Markets divisions of Bank of America Corporation. Lending, other commercial banking activities, and trading
in certain financial instruments are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Trading in securities and financial instruments, and
strategic advisory, and other investment banking activities, are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States,
BofA Securities, Inc. and Merrill Lynch Professional Clearing Corp., both of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. BofA Securities, Inc. and
Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA.
Investment products offered by Investment Banking Affiliates: Are Not FDIC Insured • May Lose Value • Are Not Bank Guaranteed.
©2021 Bank of America Corporation. All rights reserved. 3162556 04-21-1231Cox, Castle & Nicholson LLP
is proud to support
THE SAN FRANCISCO BAY AREA
CHAPTER OF NAIOP
and joins in sponsoring
THE 32ND ANNUAL
REAL ESTATE CHALLENGE
Best of Luck to the
2021 Cal and Stanford Teams!
Los Angeles San Francisco Orange County
www.coxcastle.comRelationships Built on Excellence J.P. Morgan Real Estate Banking understands your company’s unique needs and the ever changing commercial real estate market. We’ve built strong relationships through our ability to offer industry expertise, an array of best in class financial and treasury management solutions and excellent service. Our commitment is to help you achieve your goals. For more information on J.P. Morgan Real Estate Banking, visit jpmorgan.com/cb/realestatebanking © 2021 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase Bank, N.A. Member FDIC. Visit jpmorgan.com/cb-disclaimer for full disclosures and disclaimers related to this content.
Allen Matkins is proud to support the NAIOP
SFBA 32nd Annual Real Estate Challenge
ATTORNEY ADVERTISINGEastdil Secured
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and the
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Securities products offered in the US through Eastdil Secured Advisors, a FINRA/SEC broker-dealer
NAIOP SFBA 32ND ANNUAL REAL ESTATE CHALLENGE
Good Luck to Stanford and Cal
33 TEHAMASUPPORTING THE FUTURE OF
COMMERCIAL REAL ESTATE.
Congratulations to both the
Cal and Stanford teams!
K I L R OY OY S T E R P O I N T - P H A S E 2 , S O U T H S A N F R A N C I S C O
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All investments involve risks, including possible loss of principal. Certain DWS products and services may not be available in every region or country for legal or other reasons, and
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offer advisory services. © 2021 DWS Group GmbH & Co. KGaA. All rights reserved. CORE210320 (3/21) I-082100-1As part of our commitment to
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we are proud to sponsor the
32nd ANNUAL REAL ESTATE CHALLENGE
Best wishes to all the student challengers from Cal and Stanford.
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CONGRATULATIONS
To Cal & Stanford Participants of
The Golden Shovel Challenge
creating the right space. shorenstein.comNAIOP SAN FRANCISCO BAY AREA
LEADERSHIP 2021
CHAPTER OFFICERS & COMMITTEE CHAIRS ADVISORY COUNCIL
President Adam Lasoff David Karol (Chair)
Immediate Past President David Karol Russ Cooper
President-Elect Amanda Bates Matt Field
Treasurer Richard Morisky Sharon Groenendyk
Secretary Cori English Gordon Hess
Executive Director Alison Trejo Awais Mughal
Programs James Nearon Kevin Saavedra
Courtney Trunnell Dennis Williams
Membership Stew Cedarleaf
Briana Harney
Sponsorship Amanda Bates
Chris Banke
Government Affairs Tess Brandwein
Justin Shapiro
Developing Leaders Colby Wick
I.D.E.A. Margo Bradish
Young Professionals Group Dan Poritzky
Young Professionals Alumni Kellam Nelson
Briana Harney
NAIOP Executive Development Awais Mughal
Kevin Saavedra
Gordon Hess
Marketing / Communications Cori English
Becka Studer
Connectivity & Engagement Alex Mast
Madison DiNapoli
BOARD MEMBERS
Jordan Angel Alex Mast Dan Portizky
Tess Brandwein James Nearon Justin Shapiro
Dan Engler Kellam Nelson Colby Wick
Teresa Goodwin Rebecca Perlmutter Lauren Young
Drew HessCONNECT WITH NAIOP SFBA
NAIOP SAN FRANCISCO BAY AREA
575 Market Street, Suite 400
San Francisco, CA 94105
Phone: 415-369-9625
Email: admin@naiopsfba.org
www.naiopsfba.org
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