University of Southern CaliforniaReal Estate & Asset Management

April 17, 2012:

PROPOSED MODIFICATIONS TO USC LEASE WITH COLISEUM COMMISSION

To support a public and transparent process, the Los Angeles Memorial Coliseum Commission and the University of Southern California are jointly releasing a proposed agreement for a new lease based on the list of points of agreement, known as a term sheet, released earlier this year.

Both parties invite public comment and discussion of the lease document. Members of the public can send their comments to the Coliseum Commission as directed below. The Coliseum Commission will meet on May 2, 2012 at 2:30pm for a public hearing on the lease agreement.

By Email to:
comments@lacoliseum.com

By U.S. mail to:
Los Angeles Memorial Coliseum Commission
3911 S. Figueroa Street
Los Angeles, CA 90037
Attn: Donna Lee Dominguez

The goal of both parties is to ensure that through a modified lease agreement, the Los Angeles Memorial Coliseum will continue to be a long-term publicly-owned asset for the neighborhood, the city and the region.

CLICK HERE to view the proposed Lease Agreement.

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January 11, 2012:

The University of Southern California and the Los Angeles Memorial Coliseum Commission publicly released the proposed Term Sheet governing the proposed Amended and Restated Sublease of the Coliseum facility on January 11, 2012.

CLICK HERE to view the proposed Term Sheet.

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The Real Estate & Asset Management Department (“the Department”) at the University of Southern California is responsible for all campus master planning, the acquisition and disposition of all university-owned property, the negotiation and management of all university leases, the management of all leased space, and the permitting and entitlements of all university construction projects. The Department also oversees the Office of University Architect and the development, design and construction planning of all real estate and construction projects exceeding 20,000 square feet in size. The Department processes all real estate loans and subsidies to university faculty and staff, property tax payments, exemptions and appeals, and title to donated automobiles and seafaring vessels.

The Department works closely with the offices of planned giving and restricted fund accounting to document the acceptance of gifts to the university and manage the disposition of all gifted real estate and gifts-in-kind to USC. The department also works closely with Capital Construction and Facilities Management during the design and construction phases of capital projects. The Department is the single point of contact for third party developers interested in developing university-affiliated or university-serving projects.

The Department provides professional expertise and technical know-how that aid in the stewardship of the university’s strategic assets. Working closely with other departments and outside consultants, the Department’s role encompasses:

• On– & off–campus planning & land use
• Space planning and programming for all campus and affiliated spaces
• Predevelopment, design and construction planning for large projects
• Physical development of the University Park Campus
• Off–campus leasing
• Acquisition & disposition of university–owned property
• Faculty & staff housing programs
• Administering cell sites on–campus
• Acceptance & disposition of donated real & personal property
• Administering the university’s mineral interests

We bring an unparalleled level of customer service and knowledge to all of our projects. Our team includes LEED accredited professionals, architects, construction management professionals, land use attorneys, former city planners, and real estate professionals to assist in all technical, financial and legal aspects of the project at hand. The Department continually looks to refine project delivery methods through the utilization of alternative project delivery methods including design-build, construction manager at-risk, integrated project delivery and other forms of construction contracting and project delivery.

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• University of Southern California
• Real Estate & Asset Management
• 3335 S. Figueroa St, UGW-110 Los Angeles, CA 90089-7271
• Phone: (213)821-3070
• Fax: (213)821-3073

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