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SDSU Brings Home the Top Prize in Real Estate Competition

Shelly Chen Speaking

Shelly Chen presents the SDSU proposal to the judges. Photo credit: Jaime Murray

A team of six SDSU real estate majors won the 2018 NAIOP Real Estate Challenge for their mix-use development proposal surrounding a vacant space in Carlsbad, California. The team from SDSU competed against teams from University of California at San Diego and University of San Diego.

2018 marks the fifth time SDSU has won the challenge since the competition was founded in 2011.

All three teams were asked to submit a development proposal for a plot of approximately 26 acres located on the 6200 – 6800 blocks of Avenida Encinas that borders Interstate 5 in Carlsbad. SDSU’s winning submission called for the development of two hotels, office space, a culinary school/restaurant and 250 apartment units.

SDSU seniors Jeremiah Taylor, Trey Golston, Shelly Chen, Holly Miller, and juniors Nick Zalkow and Cristian Goodson analyzed the local real estate market, strengths and weaknesses of the space, the surrounding community and comparable developments to create a financial strategy to submit to this year’s judging panel.

“Our team developed a proposal that incorporated elements that could best serve and benefit the entire community of Carlsbad,” said SDSU real estate senior Shelly Chen. “We are the most proud of the proposed culinary center and the healthy food restaurant since the Carlsbad community values healthy living and food brings people together.” Chen is the executive director of the Real Estate Society of SDSU.

The SDSU team was coached by faculty members Dr. Andy Do, Mark Goldman, Seth Kaplowitz and Dana Kuhn, with the support of SDSU’s Corky McMillin Center for Real Estate and the center’s board president, Scott Brusseau.