Five real estate graduate students affiliated with the USC Lusk Center for Real Estate took home the silver in a recent planning competition. The Silver Shovel, that is -- the coveted prize in the fourth NAIOP Real Estate Challenge sponsored by the So Cal Chapter of the National Association of Industrial and Office Properties.
The Trojans won for their proposed master plan to develop a 230-acre site owned by the Boeing Co. in Long Beach and Lakewood. Fielding a team composed of Sean Hyatt, Walter Maynard, Shlomo Ronen, Rob Wehmueller and Jin Ke -- students at the Marshall School of Business and the School of Policy, Planning and Development's Master's in Real Estate Development Program -- USC bested the team from UCLA's Anderson School of Business.
This year, the schools were presented with the question, "Assuming no environmental issues exist, what development concept or master plan would best suit the Boeing Realty Corp.'s Long Beach/Lakewood property?"
The students presented their master plans, judged by a panel of 25 real estate industry leaders, at a dinner event held at Boeing's PacifiCenter@Long Beach visitor center. With USC's win, the two schools are now tied in the annual contest at 2-2.
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