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Brandt Leitze | Lael Culiner a MADISON MARQUETTE PROPERTY DISTRICT
Brandt Leitze | Lael Culiner A MADISON MARQUETTE PROPERTY DISTRICT DISTRIC LA BREA Brandt Leitze Lael Culiner 310.405.4829 415.277.6801 www.madisonmarquette.com www.districtlabrea.com DISTRIC LA BREA District La Brea features a carefully selected mix of emerging retail and dining concepts including Undefeated, A+R, Garrett Leight, Steven Alan, Aether, The Sycamore Kitchen, Bonobos, GANT, What Goes Around Comes Around and Odys + Penelope. The property includes a 126-space parking garage and surface parking. Strategically located along La Brea Avenue amidst high-density residential and studio production facilities, District La Brea draws from a surrounding trade area that is powerfully influenced by fashion and film. DISTRIC LA BREA District La Brea features a carefully selected mix of emerging retail and dining concepts including Undefeated, A+R, Garrett Leight, Steven Alan, Aether, The Sycamore Kitchen, Bonobos, GANT, What Goes Around Comes Around and Odys + Penelope. The property includes a 126-space parking garage and surface parking. Strategically located along La Brea Avenue amidst high-density residential and studio production facilities, District La Brea draws from a surrounding trade area that is powerfully influenced by fashion and film. E3 E1 LOADING/TRASH ± 1,020SF 06 07 12 RETAIL OPPORTUNITY 05 AT DISTRICT LA BREA DN (E) ramp .. down to 11 remain District La Brea, is a 80,000 square foot adaptive (E) ramp 08 09 .' down to 13 E2 remain re-use development project on La Brea Avenue 10 UP between 1st and 2nd Streets. 04 Over the past 4 years, District La Brea has 03 undergone significant improvements, highlighting each of the eleven buildings’ unique characteristics including wood truss ceilings, exposed bricks and steel beams, and distinctive storefronts showcasing RETAIL ± 6,688 SF a creative collective of fashion-forward retail, accessories, home design, creative oce and locally sourced dining options. -
Three New Learning Tracks
Three New Learning Tracks Executive – Advanced – Fundamental The ICSC University experience provides opportunities for professional and personal growth within a collegial environment, and one-on-one access to some of the shopping center industry’s most accomplished leaders. Cynthia C. Hall Manager, Lease Administration EDENS Columbia, SC The University of Shopping Centers is a wonderful way to re-connect, re-energize and refresh your knowledge. The speakers were great, the roundtables informative, and the facility inspiring. Denise Browning, SCMD Senior Vice President, Leasing Madison Marquette Fort Worth, TX The 2013 ICSC University of Shopping Centers The International Council of Shopping Centers is proud to host the 2013 University of Shopping Centers on the campus of The Wharton School of the University of Pennsylvania. What Is New This Year at the University of Shopping Centers? • Attend any six classes and receive a 47 course titles Certificate of Participation from ICSC not offered in the • An optional tour of a superregional 2012 University redevelopment, Willow Grove Park Mall program • An Advanced Curriculum, the ecor of the University of Shopping Centers, offers 42 courses • Attend your choice of six Executive Curriculum classes, designed for the very senior executive, • More courses in leasing than ever—12 courses taught by professors of the Wharton School of in our Advanced Curriculum and 5 more in our the University of Pennsylvania Fundamental Curriculum • Power Lunches, where you will have the • More breakfast roundtables -
Foreign Investment in U.S. Real Estate by Stephen Muller
FEATURE — Foreign Investment Foreign Investment in U.S. Real Estate By ontinuing a decades-long trend, the United States The Wharf, the Hoffman Madison Waterfront development remains the premier “safe haven” for foreign invest- in Southwest Washington that has been generating substantial Stephen Cment in real estate. Despite the rising appeal of interest both domestically and abroad. emerging markets in countries such as Brazil, Turkey and Muller China, foreign investors are still turning to the United States With its variety of components and iconic location, The Wharf to acquire real estate properties, particularly in gateway cities is a prime example for the type of multi-family assets on the like San Francisco, New York, Los Angeles, Washington, radars of foreign investors. It is a $2 billion world-class, mixed- Boston and Miami. use waterfront project located on the historic Washington Channel. Adjacent to the National Mall, The Wharf stretches Forecasting with any specificity the type of property foreign across 27 acres of land and 24 acres of water from the Munici- investors will favor in 2013 — retail, multi-family, indus- pal Fish Market to Fort McNair. When complete, it will feature trial, hotel or office — is more difficult. With the entry of approximately 3 million square feet of new residential, office, the Norwegian fund NORGES (the world’s largest sovereign hotel, retail, cultural and public uses including waterfront wealth fund) into the U.S. market, office property remains promenades, parks, piers and docks. Hoffman Madison Water- a top contender amongst foreign investors, with retail close front exclusively retained The Greenwich Group International behind. -
PPCO Twist System
THE WHARF Capitalizing On The Waterfront D.C.’s new project, The Wharf, aims to bring visitors and residents to the city’s underutilized waterfront. Randall Shearin Located along the Washington Channel, The Wharf will feature a mix of uses, including 400,000 square feet of retail, restaurant and entertainment space. isitors to Washington, D.C., gen- often find the riverfronts inaccessible that is engaging and energized throughout erally recognize that two rivers run from the Washington, D.C., side due to the day, week and year to attract both lo- Vthrough the city when they land limited parking and tricky roadways. A cals and visitors. at Reagan National Airport or cross the new mixed-use project, The Wharf, aims Located on 24 acres along the Washing- Potomac or Anacostia by car. But most to make Washington’s riverfront a major ton Channel, which sits between the Poto- don’t make a point to spend time along destination and attraction. The project’s mac and Anacostia Rivers, The Wharf will the District’s riverfronts because there developers, Madison Marquette and P.N. ultimately have 3.2 million square feet of aren’t a lot of attractions nearby. Locals Hoffman, are creating an environment retail, restaurant, residential, hotel, office and cultural space. P.N. Hoffman was awarded the project in 2006, before the Great Recession. Madison Marquette be- came involved with a 50 percent interest in the project in 2010. The venture — Hoff- man-Madison Waterfront — now has joint responsibility for the overall development, bringing together their respective experi- ences — and expertise — in the develop- ment and operations of the project. -
SPEAKER BIOGRAPHIES Eric Almquist, CSM Is the Senior
SPEAKER BIOGRAPHIES Eric Almquist, CSM is the Senior Vice President, Asset Management for General Growth Properties, Inc. (GGP) where he is actively engaged in the daily management and operations of GGP’s portfolio of 130+ regional malls and lifestyle centers. He directly oversees budgeting and capital planning, contracted services, and purchasing for the company. During his 21+ year career Eric has served in Management, Development and Asset Management capacities and has been involved in the development and management of numerous successful projects including super regional malls, lifestyle centers and mixed-use projects. In addition, Eric has served as a regional manager overseeing a portfolio of 16 regional mall properties in a six state area, and he has worked with numerous third party owners and partners during his career. As the Senior Development Director for GGP, he was responsible for leadership of internal and external project teams on several new developments and redevelopments. He has performed pro forma budgeting, coordinated site selections and opportunity analyses, performed anchor store negotiations, negotiated entitlements, and managed numerous projects. Previously he oversaw the Grand Opening, operations and marketing for Jordan Creek Town Center (West Des Moines, IA), the most successful grand opening in General Growth’s first 50 years, as the Senior General Manager. As the Vice President and General Manager for Urban Retail Properties Company he set up all operations and coordinated the Grand Openings for three highly successful ground- up projects -- Brandon TownCenter (Brandon, FL), Citrus Park Town Center (Tampa, FL), and Galleria at Roseville (Roseville, CA). He was also the initial General Manager of Bay Street Emeryville (Emeryville, CA), a mixed-use project near Oakland, for Madison Marquette Realty Services. -
Regional Land Use Leadership Institute
2013/2014 Directory Regional Land Use Leadership Institute The ULI Washington Regional Land Use Leadership Institute is a nine-month academy for mid- career leaders in the fields of land use, planning, finance, real estate, architecture, urban design and similar disciplines. The program consists of nine full day sessions with panels, tours and activities focused on the most critical issues related to regional land use. Thirty participants are chosen for the program from the public, private, business, and nonprofit sectors, and the pro- gram day locations move throughout the region. This program provides a fabulous opportunity to learn about the challenges facing the Washington, D.C. Region and to build a network of other professionals who share your passion for creating great places. Learn more at www.washington.uli.org/leadership. cover photo by Flickr user Donnie Gladfelter Reyna Alorro serves as a real estate project manager within the District of Columbia’s Office of the Deputy Mayor for Planning and Economic Development. Reyna specializes in public-private partnerships, project planning, financing, deal negotiation and land disposition. She manages a portfolio of projects totaling over $700 million in development, which includes residential, retail, office, mixed-use and community park developments throughout the District. Currently, Reyna’s major focuses are the Barry Farm New Communities Initiative, a 26-acre public housing development that is being transformed into a vibrant, mixed-income, mixed-use community; the rehabilitation of the historic Franklin School; and the redevelopment of a brownfield site in the heart of the H Street Corridor. Prior to DC, Reyna served within New York City’s Department of Housing Preservation and Development where she facilitated the financing and development of affordable housing throughout the city.