UCSD Real Estate Development: Who We Are and What We Do

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  • 08/11/10
  • UCSD Real Estate Development: Who We Are and What We Do

    1. 1. UCSD Real Estate Development: Who We Are & What We Do Real Estate Development University of California, San Diego
    2. 2. Mission Statement <ul><li>Real Estate Development (RED) supports the University’s mission of education, research, public service, and healthcare by facilitating real property transactions involving the UCSD Campus and the UCSD Medical Center (UCSDMC) facilities. </li></ul>
    3. 3. UCSD Real Estate Development
    4. 4. RED Overview <ul><li>Acquisition of real estate </li></ul><ul><li>Leasing (as Tenant and Landlord) </li></ul><ul><li>Licensing </li></ul><ul><li>Easements </li></ul><ul><li>Development by non-University entities </li></ul><ul><li>Ground leases </li></ul><ul><li>Property management </li></ul><ul><li>Review of real property gifts </li></ul>
    5. 5. Our Customers: University Departments <ul><li>ACT </li></ul><ul><li>Academic Affairs </li></ul><ul><li>Audit & Management Advisory Services </li></ul><ul><li>Budget Office </li></ul><ul><li>Capital Planning </li></ul><ul><li>EH&S </li></ul><ul><li>FD&C </li></ul><ul><li>External Relations </li></ul><ul><li>Medical Center </li></ul><ul><li>OCGA </li></ul><ul><li>Physical Planning </li></ul><ul><li>Police </li></ul><ul><li>SDSC </li></ul><ul><li>SOM </li></ul><ul><li>Student Affairs </li></ul><ul><li>Transportation & Parking Services </li></ul><ul><li>Technology Transfer & Intellectual Property Services </li></ul>
    6. 6. RED Operating Statistics $20,846,838 Total $4,526,723 Property Management $5,566,128 Leases as Landlord $10,753,987 Leases as Tenant 2002 -03
    7. 7. Leasing Activity <ul><li>Regents as Landlord </li></ul><ul><li>Regents as Tenant </li></ul>
    8. 8. Leasing of Campus Properties Ginger Truschke & Desiree Lawn <ul><li>VA space in Stein Clinical Research Building </li></ul><ul><li>Ludwig Institute space in Center for Molecular Medicine East (CMME) </li></ul><ul><li>Howard Hughes Medical Institute space in CMMW & Leichtag Biomedical Research Building </li></ul><ul><li>(cont’d) </li></ul>
    9. 9. Leasing of Campus Properties (cont’d) <ul><li>Molecular Medicine Bioservices in CMME and Osler Lane </li></ul><ul><li>Multi-tenant properties </li></ul><ul><ul><li>Torrey Pines Center South </li></ul></ul><ul><ul><li>Trade Street </li></ul></ul><ul><li>USE Credit Union in Gilman parking structure </li></ul><ul><li>Price Center Retail / Food Tenants </li></ul>
    10. 10. EH&S Interactions <ul><li>Risk Management </li></ul><ul><li>Fire & Life Safety TI Review </li></ul><ul><li>Food Service Inspections </li></ul>
    11. 11. Asset Management Ginger Truschke & Desiree Lawn <ul><li>Multi-tenant properties </li></ul><ul><ul><li>Torrey Pines Center South </li></ul></ul><ul><ul><li>Trade Street </li></ul></ul><ul><li>Medical Center facilities </li></ul><ul><ul><li>Owned </li></ul></ul><ul><ul><li>100% leased </li></ul></ul><ul><li>Tenant representation for off-campus leased space </li></ul>
    12. 12. Off-Campus Leased Space Cheri Glinatsis, Patti Seyfert, Jozette Lang, & Susan Guerra <ul><li>Approx. 91 leases for campus, School of Medicine, Medical Center, and Extended Studies and Public Programs </li></ul><ul><li>Annual rents totaling $10.75 million </li></ul><ul><li>Space totaling 482,158 SF </li></ul><ul><li>Locations from South Bay to Murrieta and Imperial County to the Coast </li></ul><ul><li>Outside San Diego Region </li></ul>
    13. 13. Off-Campus Leased Space FY 2002 / FY2003 <ul><li>1% decrease in number of leases </li></ul><ul><li>0% increase in space leased </li></ul><ul><li>7.7% increase in average rent </li></ul><ul><li>($1.86 PSF) </li></ul><ul><li>61% increase in overall lease transaction activity </li></ul>
    14. 14. EH&S Interactions <ul><li>Initial inspection for proposed Off-Campus leased space </li></ul><ul><ul><li>EH&S information package: </li></ul></ul><ul><ul><ul><li>Building & space information, executed OCSR, and completed EH&S information letter </li></ul></ul></ul><ul><ul><li>EH&S and Fire Marshal initial building and proposed space inspections </li></ul></ul><ul><ul><li>EH&S and Fire Marshal inspection reports to landlord to ensure all requirements are met </li></ul></ul><ul><ul><li>(cont’d) </li></ul></ul>
    15. 15. EH&S Interactions (cont’d) <ul><li>Tenant Improvements – Plan Review and Inspections </li></ul><ul><ul><li>Tenant improvement plan review and inspections for UCSD off-campus space </li></ul></ul><ul><ul><li>EH&S and Fire Marshal final inspection prior to occupancy </li></ul></ul>
    16. 16. Lease Administration & Education Susan Arredondo <ul><li>Database administration </li></ul><ul><li>Rent verification and escalation </li></ul><ul><li>Operating expense reconciliation </li></ul><ul><li>Insurance certificate verification </li></ul><ul><li>Property tax filing </li></ul><ul><li>Customer education </li></ul><ul><li>Customer satisfaction survey </li></ul>
    17. 17. License Activity <ul><li>Regents as Licensor </li></ul><ul><li>Regents as Licensee </li></ul>
    18. 18. License Activity Patti Seyfert & Jozette Lang <ul><li>Telecom agreements </li></ul><ul><ul><li>Mt. Soledad Tower </li></ul></ul><ul><ul><li>Gilman Parking </li></ul></ul><ul><ul><li>Ambulatory Care Center </li></ul></ul><ul><ul><li>Tioga Hall </li></ul></ul><ul><ul><li>Fiber-optic access </li></ul></ul><ul><li>ATMs </li></ul><ul><li>Food / Coffee Carts </li></ul><ul><li>Campus City Shuttle route at UTC </li></ul><ul><li>(cont’d) </li></ul>
    19. 19. License Activity (cont’d) <ul><li>Research Stations </li></ul><ul><ul><li>seismic measurements </li></ul></ul><ul><ul><li>sea wave gauges </li></ul></ul><ul><ul><li>astrophysical </li></ul></ul><ul><ul><li>SDSC wireless locations </li></ul></ul><ul><li>Use of campus properties </li></ul><ul><ul><li>special events parking </li></ul></ul><ul><ul><li>remote construction staging </li></ul></ul><ul><li>Facilities Use agreements </li></ul><ul><ul><li>Academic Outreach </li></ul></ul>
    20. 20. Requests from A - Z <ul><li>Navy SEALS training on the beach </li></ul><ul><li>Black’s Beach lifeguard emergency rescue equipment </li></ul><ul><li>Easement to City for Sewer Pump 45 </li></ul><ul><li>U.S. Government ship berthing at Point Loma </li></ul>
    21. 21. Ground Leases <ul><li>Conference Center Hotel at Blackhorse Farms </li></ul><ul><li>Science Research Park on East Campus </li></ul><ul><li>Institute of the Americas </li></ul><ul><li>Blackhorse residential condominiums </li></ul><ul><li>Southwest Fisheries (SIO) </li></ul>
    22. 22. FacilitiesLink http://facilities.ucsd.edu <ul><li>Assessor Parcel Numbers </li></ul><ul><li>Campus mapping/legal parcels/land boundaries </li></ul><ul><li>Database of land info </li></ul><ul><li>Inventory of campus-owned lands </li></ul>
    23. 23. Special Projects <ul><li>Are we having </li></ul><ul><li>FUN yet?! </li></ul>
    24. 24. Estancia La Jolla Hotel & Conference Center (Blackhorse Farms) <ul><li>Developer-financed, built, owned, and operated under ground lease </li></ul><ul><li>Conference facilities with 210 guest rooms </li></ul><ul><li>City and Coastal Commission permit processes </li></ul><ul><li>Estimated completion date late June 2004 </li></ul>
    25. 26. Science Research Park (SRP) <ul><li>Infrastructure Improvements </li></ul><ul><li>Ground lease </li></ul><ul><ul><li>Gemini Science and La Jolla Institute for Allergy & Immunology </li></ul></ul>
    26. 27. Middle Lower Upper Entry Plaza Canyon Canyon Extension
    27. 28. EH&S Interactions <ul><li>Mitigation Monitoring & Reporting Program Compliance </li></ul><ul><ul><li>Hazardous Materials </li></ul></ul><ul><ul><li>Lab Chemical Inventories </li></ul></ul><ul><ul><li>Air & Water Quality </li></ul></ul><ul><li>TI Plan Review & Inspection </li></ul><ul><ul><li>UCSD Occupied space </li></ul></ul><ul><li>Risk Management </li></ul>
    28. 29. Other Special Projects <ul><li>Retail & Commercial Services Advisory Committee </li></ul><ul><ul><li>Cancer Center Café RFP </li></ul></ul><ul><ul><li>Campus Food / Retail Requests </li></ul></ul><ul><li>La Jolla Playhouse Restaurant </li></ul><ul><li>Property tax litigation </li></ul><ul><li>AUREO 2004 host </li></ul>
    29. 30. EH&S Interactions <ul><li>Leasing (as Landlord & Tenant) </li></ul><ul><ul><li>Inspection of proposed off-Campus leased space </li></ul></ul><ul><ul><li>TI plan review and inspections </li></ul></ul><ul><ul><li>Risk Management </li></ul></ul><ul><li>Licensing (as Licensor & Licensee) </li></ul><ul><li>(cont’d) </li></ul>
    30. 31. EH&S Interactions (cont’d) <ul><li>Ground Leasing </li></ul><ul><ul><li>MMRP Compliance </li></ul></ul><ul><ul><li>TI Plan Review – UCSD occupied space </li></ul></ul><ul><ul><li>Risk Management </li></ul></ul><ul><li>Special Projects </li></ul>
    31. 33. <ul><li>Nancy E. Kossan </li></ul><ul><li>Real Estate Development, 0982 </li></ul><ul><li>9500 Gilman Drive </li></ul><ul><li>La Jolla, CA 92093-0982 </li></ul><ul><li>Phone: (858) 534-1488 </li></ul><ul><li>Fax: (858) 534-4210 </li></ul><ul><li>[email_address] </li></ul>

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