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

Real Estate DevelopmentUniversity of California, San Diego

Mission Statement

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.

UCSD Real Estate Development

Nancy E. K ossan Director

Donna Smith Admin. Specialist

Ginger Truschke Assoc. Director

Cheri Glinatsis Assoc. Director

Susan Guerra Analyst

Desiree Lawn Sr. Analyst

J ozette Lang Analyst

Susan Arredondo Asst. Analyst

Patti Seyfert Analyst

RED OverviewAcquisition of real estateLeasing (as Tenant and Landlord)LicensingEasementsDevelopment by non-University entitiesGround leasesProperty managementReview of real property gifts

Our Customers: University Departments

ACT

Academic Affairs

Audit & Management Advisory Services

Budget Office

Capital Planning

EH&S

FD&C

External Relations

Medical Center

OCGA

Physical Planning

Police

SDSC

SOM

Student Affairs

Transportation & Parking Services

Technology Transfer & Intellectual Property Services

RED Operating Statistics

2002 -03

Leases as Tenant

$10,753,987

Leases as Landlord

$5,566,128

Property Management

$4,526,723

Total $20,846,838

Leasing Activity

Regents as Landlord

Regents as Tenant

Leasing of Campus PropertiesGinger Truschke & Desiree Lawn

VA space in Stein Clinical Research Building

Ludwig Institute space in Center for Molecular Medicine East (CMME)

Howard Hughes Medical Institute space in CMMW & Leichtag Biomedical Research Building

(cont’d)

Leasing of Campus Properties (cont’d)

Molecular Medicine Bioservices in CMME and Osler Lane

Multi-tenant properties Torrey Pines Center South Trade Street

USE Credit Union in Gilman parking structure

Price Center Retail / Food Tenants

EH&S Interactions

Risk ManagementFire & Life Safety TI ReviewFood Service Inspections

Asset ManagementGinger Truschke & Desiree Lawn

Multi-tenant properties Torrey Pines Center South Trade Street

Medical Center facilities Owned 100% leased

Tenant representation for off-campus leased space

Off-Campus Leased Space Cheri Glinatsis, Patti Seyfert, Jozette Lang, & Susan Guerra

Approx. 91 leases for campus, School of Medicine, Medical Center, and Extended Studies and Public ProgramsAnnual rents totaling $10.75 millionSpace totaling 482,158 SFLocations from South Bay to Murrieta and Imperial County to the CoastOutside San Diego Region

Off-Campus Leased SpaceFY 2002 / FY2003

1% decrease in number of leases0% increase in space leased7.7% increase in average rent

($1.86 PSF)61% increase in overall lease transaction activity

EH&S InteractionsInitial inspection for proposed Off-Campus leased space EH&S information package:

Building & space information, executed OCSR, and completed EH&S information letter

EH&S and Fire Marshal initial building and proposed space inspections

EH&S and Fire Marshal inspection reports to landlord to ensure all requirements are met

(cont’d)

EH&S Interactions (cont’d)

Tenant Improvements – Plan Review and Inspections Tenant improvement plan review and

inspections for UCSD off-campus space

EH&S and Fire Marshal final inspection prior to occupancy

Lease Administration & EducationSusan Arredondo

Database administrationRent verification and escalationOperating expense reconciliationInsurance certificate verificationProperty tax filingCustomer educationCustomer satisfaction survey

License Activity

Regents as Licensor

Regents as Licensee

License Activity Patti Seyfert & Jozette Lang

Telecom agreements Mt. Soledad Tower Gilman Parking Ambulatory Care Center Tioga Hall Fiber-optic access

ATMsFood / Coffee CartsCampus City Shuttle route at UTC

(cont’d)

License Activity (cont’d)

Research Stations seismic measurements sea wave gauges astrophysical SDSC wireless locations

Use of campus properties special events parking remote construction staging

Facilities Use agreements Academic Outreach

Requests from A - Z

Navy SEALS training on the beach

Black’s Beach lifeguard

emergency rescue equipment

Easement to City for Sewer Pump

45

U.S. Government ship berthing at

Point Loma

Ground Leases

Conference Center Hotel at Blackhorse FarmsScience Research Park on East CampusInstitute of the AmericasBlackhorse residential condominiumsSouthwest Fisheries (SIO)

FacilitiesLink http://facilities.ucsd.edu

Assessor Parcel Numbers

Campus mapping/legal parcels/land boundaries

Database of land info

Inventory of campus-owned lands

Special Projects

Are we havingFUN yet?!

Estancia La Jolla Hotel & Conference Center (Blackhorse Farms)

Developer-financed, built, owned, and

operated under ground lease

Conference facilities with 210 guest rooms

City and Coastal Commission permit processes

Estimated completion date late June 2004

Science Research Park (SRP)

Infrastructure Improvements

Ground lease Gemini Science and La Jolla

Institute for Allergy & Immunology

MiddleLower UpperEntryPlaza

Canyon CanyonExtension

EH&S Interactions

Mitigation Monitoring & Reporting Program Compliance Hazardous Materials Lab Chemical Inventories Air & Water Quality

TI Plan Review & Inspection UCSD Occupied space

Risk Management

Other Special Projects

Retail & Commercial Services Advisory Committee Cancer Center Café RFP Campus Food / Retail

RequestsLa Jolla Playhouse RestaurantProperty tax litigationAUREO 2004 host

EH&S Interactions

Leasing (as Landlord & Tenant) Inspection of proposed off-

Campus leased space TI plan review and inspections Risk ManagementLicensing (as Licensor & Licensee)

(cont’d)

EH&S Interactions (cont’d)

Ground Leasing MMRP Compliance TI Plan Review – UCSD occupied

space Risk Management

Special Projects

Nancy E. KossanReal Estate Development, 0982

9500 Gilman DriveLa Jolla, CA 92093-0982

Phone:(858) 534-1488Fax: (858) 534-4210

nkossan@ucsd.edu