This case describes the development of solutions encountered by the Stanford University's land, buildings and real estate. In 2004, Stanford was able to develop aa 21.4-acre tract of land in one of the best business addresses in the country. Whitney Birdwell, deputy director of real estate development at Stanford Land Buildings and Real Estate (LBRE), were asked to evaluate options Stanford building. In particular, it must prepare a pro forma development, as well as for senior at Stanford University, following the approval of staff, will be presented to the Menlo Park City Council (MPCC). MPCC attitude to growth have become more favorable over the last year and the city desperate for more hotel space in the city. However, because of traffic and other problems, in particular those relating to financial matters, the city would not want to adopt a draft dominated by office use. Birdwell could propose a project at all. This will give the project a high probability of receiving approval from the MPCC. In addition, it could offer a project with a maximum developable office space and the risk of seeing it rejected. If the proposed project at Stanford University managed to get the approval, the greater the risk that the land may be vacant, as it has been for decades. In this case, the land will not generate current income for the university. "Hide
Gaviser by Sara Leslie, Douglas Abbey Source: Stanford Graduate School of Business 23 pages. Publication Date: February 10, 2010. Prod. #: RE133-PDF-ENG
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