Graduate students affiliated with the USC Lusk Center for Real Estate will keep the Silver Shovel for one more year, thanks to last night's victory over challenger UCLA in the fifth annual NAIOP SoCal USC/UCLA Real Estate challenge.
The team of five USC students from the Marshall School of Business MBA Program and the School of Policy, Planning and Development Masters in Real Estate Development Program created a winning plan to redevelop an industrial site in downtown Los Angeles.
The proposal included relocating tenants in the Seventh Street Produce Market to create 250 live/work units along with commercial and retail space, in addition to developing 350,000 square feet of produce distribution space.
A panel of 20 real estate industry leaders judged the students' presentations Thursday night at the Omni Los Angeles Hotel at California Plaza. The winning team included David DePriest, Loren Borstein, Roberto Smith Macdonald, Adam Smith and Gail Tubbs. USC professor David Dale-Johnson, Ph.D. is the faculty advisor for the team.