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Congratulations to Robert Kelly

August 10, 2017
Author: Kimberly Heaton

The San Francisco Bay Area's Chapter of the NAIOP (National Association of Industrial and Office Professionals) recently acknowledged 33 participants for completion of the annual program for young professionals dubbed the Young Professionals Group "YPG".  This program provides participants with curriculum and activities aimed at professional and personal growth.

San Diego Forms the State's Second EIFD with KMA Assistance

July 26, 2017
Author: Kimberly Heaton

On July 24th, the Public Financing Authority (PFA) for the Otay Mesa Enhanced Infrastructure District (EIFD) unanimously approved the Resolution to adopt an Infrastructure Financing Plan (IFP) and to officially establish the Otay Mesa EIFD.  The Otay Mesa EIFD is the State's second EIFD, the first being recently established West Sacramento EIFD No. 1.  Both EIFDs were formed with KMA assistance.  

Mill Valley Considers New Affordable Housing Ordinance

July 21, 2017
Author: Kimberly Heaton

On July 17th, the Mill Valley City Council introduced an affordable housing ordinance that would establish an impact fee on new residential projects, as well as renovation projects valued at $100,000 or more, in order to raise money for an Affordable Housing Trust Fund.  KMA was an advisor to the City and prepared a Residential Nexus Analysis to quantify the relationship between market-rate residential development and the demand for affordable housing.

West Sacramento Adopts the State's First EIFD

July 12, 2017
Author: Kimberly Heaton

On June 28th, the City of West Sacramento officially formed the State's first Enhanced Infrastructure Financing District (EIFD).  KMA was the financial advisor to the City and provided guidance throughout the formation process by testing feasibility of establishing an EIFD.  Additionally, KMA evaluated the revenue-generating capacity of the proposed EIFD, prepared the Infrastructure Financing Plan (IFP), and assessed the fiscal impacts of anticipated new development.

Hotel and Convention Center Approved for Chula Vista Waterfront

June 21, 2017
Author: Kimberly Heaton

The San Diego Unified Port District board and the Chula Vista City Council met in a rare joint meeting to unanimously approve a Letter of Intent (LOI) agreement with hotel developer RIDA.  The LOI outlines the key economic terms for the development of a 1,450-room resort hotel and 275,000 SF convention center on a 36-acre site owned bye the Port District.  Keyser Marston Associates, as financial advisor to the Port of San Diego, undertook a review of the economic feasibility of the proposed project. 

The CRE 2017-18 Top Ten issues Affecting Real Estate

June 14, 2017
Author: Kimberly Heaton

The Counselors of Real Estate "CRE" has announced it's annual list of the top ten issues impacting real estate.  CRE is an organization (with several KMA principals maintaining membership) established for the professional development and knowledge sharing of real estate advisors.  Please click here to learn more about these issues.

ULI Honors Centro, Tijuana with an Emerging Healthy Place Award

May 22, 2017
Author: Kimberly Heaton

The ULI San Diego-Tijuana District Council hosted the 2nd Annual Healthy Places Awards ceremony on May 18, 2017.  The awards are given in recognition of outstanding projects, healthy programs, and policies that embody ULI’s Healthy Places Initiative.  This year Centro, Tijuana -- the historic downtown area -- was selected to receive the Emerging Healthy Place Award.  The award was presented to Tijuana Mayor Juan Manual Gastelum by San Diego Mayor Kevin Faulconer.

Otay Mesa EIFD Formation Initiated by San Diego City Council

March 01, 2017
Author: Kimberly Heaton

On February 7th, the San Diego City Council unanimously approved two resolutions that initiated the establishment of an EIFD for the Otay Mesa Community of San Diego.  This will be one of the State's first Enhanced Infrastructure Financing Districts, and will help provide vital infrastructure in Otay Mesa, a large Community Planning Area along the international border with an estimated 2,000 open acres of land.   KMA advised the City on the establishment of the EIFD and prepared the draft Infrastructure Financing Plan.

P3 Financing Update at California State University Conference

January 11, 2017
Author: Kimberly Heaton

Reed Kawahara attended CSU’s Auxiliary Organizations Association (AOA) Annual Conference held in San Diego on Monday, January 9th.  Reed was a presenter at a session entitled Update on Financing Public Private Partnership Projects, which was designed to provide a basic understanding of CSU policies and procedures governing campus real property development, along with providing an overview of the use of financial pro formas in public/private partnerships.

Park & Market Project, Including New UCSD Hub, Approved for East Village

December 19, 2016
Author: Kimberly Heaton

On Tuesday December 12th, the San Diego City Council unanimously approved the $275 million, 34-story Park & Market project that includes a 66,000-square-foot four-story office building that will be occupied by UC San Diego.  

Keyser Marston was economic advisor to Civic San Diego in its negotiations with Developer, Holland Partner Group, for the transit friendly project, which will be located adjacent to an Orange line trolley stop in San Diego’s East Village.  The City owns the site and Keyser Marston analyzed the financial terms of the Disposition and Development Agreement (DDA), informing the City of the reuse value of interests being conveyed.

ULI 2016 Global Award for Excellence - Celadon at 9th & Broadway

November 04, 2016
Author: Kimberly Heaton

At the ULI Fall Meeting in Dallas, eleven projects were designated with the prestigious 2016 Global Award for Excellence, including Celadon at 9th & Broadway.  This high-rise affordable rental apartment project in Downtown San Diego offers 250 units of affordable housing, and is located three blocks from a trolley stop.  Keyser Marston advised Civic San Diego on the project's feasibility and amount of warranted public assistance.  Developer is Bridge Housing.

The McKinsey Institute releases report "A Tool Kit to Fix California’s Housing Shortage"

October 27, 2016
Author: Kimberly Heaton

A Tool Kit to Fix California’s Housing Shortage: 3.5 Million Homes by 2025, the new report released by the McKinsey Institute of Global Studies, tackles California's chronic housing crisis by offering 15 ideas that could help cities throughout the state meet the challenge of producing more affordable housing units.   The McKinsey Institute consulted with many experts in the housing industry including Keyser Marston's Paul Marra

ULI Releases New Publication "Successful Public-Private Partnerships"

August 04, 2016
Author: Kimberly Heaton

The Urban Land Institute (ULI) has released a new report - Successful Public-Private Partnerships: From Principles to Practice.  This insightful report was written to offer solutions to the challenges facing the public sector in creation of real estate developments which benefit both the private and public sector, as well as to help develop and maintain infrastructure and public facilities. The purpose of this publication is to build on the Ten Principles of Successful Public-Private Partnershipswhich was published 10 years ago (KMA's Jerry Keyser was a key contributor).

Santa Clara City Council Approves the City Place Mega Project

July 13, 2016
Author: Kimberly Heaton

On June 28th, the Santa Clara City Council gave a green light to the ambitious $6.5 billion mixed-use development project proposed by Related Companies for the 240-acre city-owned site north of Levi's Stadium.  The scope of the project is huge - when fully built out City Place will include up to 5.7 million square feet of office, 1.2 million square feet of retail and restaurant space, 700 hotel rooms, and up to 1,360 apartment units - totalling 9.7m square feet. Keyser Marston has been the City's real estate advisor and involved in ongoing negotiations since late 2013 when initial development concepts were presented.

KMA Project Opening - Lillian Court and Bloomington Grove

June 23, 2016
Author: Kimberly Heaton

KMA is pleased to announce the recent opening of the Lillian Court and Bloomington Grove project, a 106-unit affordable housing apartment community that includes a 6,700 square foot public library.  The project is located on a five- acre site in the unincorporated Bloomington area of San Bernardino County.  KMA was the real estate advisor to San Bernardino County and helped structure the P3 transaction with developer Related California.

Congrats to Jim Rabe, Newest Member of the Board of Regents of the California Academy of Economic Development

June 17, 2016
Author: Kimberly Heaton

KMA extends congratulations to Jim Rabe, a Principal in the Los Angeles office, who has been approved to join the Board of Regents of the California Academy of Economic Development. The Academy is the education and training arm of the California Association for Local Economic Development "CALED", which is the premier statewide economic development organization whose mission it is to support members in delivery of successful economic development services within their communities. 

Counselors of Real Estate Top 10 Issues Impacting Real Estate

June 16, 2016
Author: Kimberly Heaton

The Counselors of Real Estate "CRE" announced it's annual list of the top ten issues impacting real estate during the keynote address at the 2016 Counselors of Real Estate Editors Annual Conference, which took place in New Orleans on June 8th.   CRE is a membership organization established for the professional development and knowledge sharing of real estate advisors.

Grand Opening of Horton Plaza Park

May 09, 2016
Author: Kimberly Heaton

On March 4th, City and Civic San Diego officials and Westfield Corporation officially opened the new Horton Plaza Park in Downtown San Diego.  A public ceremony was held to celebrate the $17 million redevelopment of a 1.4-acre urban plaza adjacent to the Westfield Horton Plaza retail center.  KMA assisted Civic San Diego in complex negotiations with Westfield....

UCSD Team Captures NAIOP Planning Championship

April 28, 2016
Author: Kimberly Heaton

NAIOP San Diego’s sixth annual University Challenge was held on April 21, 2016.  In this challenge, student teams from UC San Diego, San Diego State University, and the University of San Diego competed in a real estate development challenge program, providing them with an opportunity to interact with peers and professionals in undertaking development economics, community visioning, and design strategies - all in support of formulating a winning development plan to present to NAIOP judges.  KMA's Paul C. Marra was an industry advisor to the winning UCSD team.

Hyatt Place Mixed-Use Project Groundbreaking

November 11, 2015
Author: Kimberly Heaton

In the City of San Gabriel, the Landmark Hyatt Place mixed-use hotel project recently broke ground.  The project will include a 225-room hotel, 87 condominium units, 32,500 square feet of commercial and 19,140 square feet of restaurant space. 

 

Cabrillo Gateway Grand Opening

October 16, 2015
Author: Kimberly Heaton

Keyser Marston is pleased to share the announcement of the October 21st grand opening of Cabrillo Gateway, the fourth phase of the Villages at Cabrillo campus in Long Beach, CA. Developed and operated by Century Villages at Cabrillo (CVC), a nonprofit community development organization, the 26-acre village is a residential community established in 1997 on a former U.S. Naval housing site with a mission to combat homelessness.

2016 Emerging Trends in Real Estate

October 09, 2015
Author: Kimberly Heaton

As a highlight of ULI's Fall Meeting held in San Francisco, the annual Emerging Trends report was released.   This esteemed report, published by ULI and PwC, reflects the opinions and insights from more than 1,800 leading real estate experts, including investors, fund managers, developers, and other real estate professionals.

New Associate in San Francisco Office

July 29, 2015
Author: Kimberly Heaton

KMA's San Francisco office is very pleased to announce that Kevin Feeney has joined the firm as an Associate.  Kevin holds a Master’s degree in City Planning from MIT, a Bachelor's degree from Harvard, and was recently employed by the City of San Francisco's OEWD.  Kevin will provide assistance on a wide range of projects including market and financial feasibilty studies, economic revitalization strategies, and nexus an

The CRE 2015-16 Top Ten Issues Affecting Real Estate:

July 06, 2015
Author: Kimberly Heaton

The Counselors of Real Estate "CRE" announced it's annual list of the top ten issues impacting real estate during the keynote address at the 2015 Counselors of Real Estate Editors Annual Conference, which took place in Miami on June 25th.   CRE is a membership organization established for the professional development and knowledge sharing of real estate advisors.   Please click here to learn more about these issues identified by CRE and the expected impact on the real estate industry. 

New Analyst in San Diego Office

May 28, 2015
Author: Paul Marra

KMA's San Diego office is pleased to announce that Michael Tactay has agreed to join the KMA ranks as an Analyst effective June 1, 2015.  Michael has worked with us as an intern since last December on a broad range of projects, with an emphasis on market assessments, revitalization strategies, and fiscal and economic impact studies. We are delighted to have Michael on board!

 

ULI San Francisco Issues Report "Tackling Sea-Level Rise"

May 20, 2015
Author: Kimberly Heaton

The San Francisco chapter of Urban Land Institute (ULI) issued a report this month, Tackling Sea-Level Rise: Best Practices in the San Francisco Bay Area, which highlights the best practices and lessons learned that could help Bay Area cities adopt resilient and collaborative strategies to confront the challenge of sea level rise. 

Fresh Perspectives on Housing Boulder

May 05, 2015
Author: Kimberly Heaton

On April 27th, KMA's David Doezema traveled to Boulder, CO to participate in the city-sponsored forum Fresh Perspectives on Housing Boulder, which featured out-of-state guest panelists sharing their perspectives on how Boulder could meet its housing affordability challenges.  David joined three other housing industry experts in sharing insghts, examples of best practices and observations about Boulder's housing challenges

BART Creating Communities Around Transit Stations

April 27, 2015
Author: Kimberly Heaton

The Registry recently featured an article describing BART's successful endeavors in the creation of Transit Oriented Development around its stations, with current interest from private developers and local jurisdictions at an all-time high.

CBRE Report "Scoring Tech Talent" ranks hottest office markets

April 15, 2015
Author: Kimberly Heaton

A recent report from CBRE, Scoring Tech Talent, ranks the Top 50 U.S. markets for tech talent clusters, analyzing the competitve advantages of each market and ensuing ability to attract highly-skilled tech workers. The growth in tech talent has been a massive driver in demand for office space in major U.S. markets, pushing up property values and rents. 

Santa Cruz County Updates Affordable Housing Regulations

February 27, 2015
Author: Kimberly Heaton

A recent article from the Santa Cruz Sentinel describes the approval by the Santa Cruz County Board of Supervisors of a major update to the County's affordable housing regulations.  Keyser Marston was retained by the County to provide advisory services relating to this update of its housing program, which had not seen significant changes since the 1970s.

KMA's Downtown Fremont Project in the News

January 26, 2015
Author: Kimberly Heaton

The Registry recently featured an article discussing the exciting changes underway in Downtown Fremont, specifically the mixed-use project on Capitol Avenue approved last fall by the City Council.

Bond Buyer 2014 Deal of the Year: Far West Regional Winner: County of Los Angeles Redevelopment Bond Refunding Program

December 20, 2014
Author: Greg Soo-Hoo

The County of Los Angeles Redevelopment Bond Refunding Program was named as the 2014 Far West Regional Winner for The Bond Buyer’s 13th Annual “Deal of the Year Awards” held on December 4, 2014 in New York City.  The Program is an initiative launched in 2013 by the Los Angeles County Treasurer and Tax Collector (County TTC) to assist participating Successor Agencies in the refinancing of existing bond obligations...

KMA Involvement with ULI San Diego - Tijuana District Council TAP

March 31, 2014
Author: Paul Marra

On March 20 - 21, 2014 KMA Principal Paul Marra participated in a Technical Assistance Panel "TAP" sponsored by the ULI San Diego- Tijuana District Council.   Paul chaired the TAP as it explored options for the Baja California Center (BCC) District Implementation Strategy, which involved exploring the best options to implement a 700-acre mixed-use district surrounding the new convention center in Playas de Rosarito, Mexico.