Like it or not, nearly every arts organization is in the real estate business. Between finding suitable office space, managing rehearsal venues or figuring out whether to rent or buy a permanent home, arts organizations are faced with expensive and sometimes confusing choices all the time.
Real Estate 101 is a full-day workshop designed to equip you with the skills and knowledge to make these difficult choices.Topics covered include:
Incorporating real estate planning into your strategic plan, key questions to ask about your facilities needs and risks to avoid
Standards and recommendations for property asset management
Common challenges to long-term facilities planning and maintenance, and how to overcome them
This workshop will be provided free of charge to current Arts Commission OGP grantees. It will focus on mid-sized arts organizations that currently manage facilities, which can include performance, rehearsal, classroom, storage and/or office space, or are intending to expand or acquire space within the next 12 months. It is geared toward chief administrative or financial officer(s), facilities managers or staff equivalent – in short, toward individuals who have decision-making authority within their organization regarding space, budgets and long-term planning.
Dan Rosenfeld is a private read estate investor who alternates between private and public sector service. In the private sector, he served as a senior officer with The Cadillac Fairview Corporation, Tishman-Speyer Properties, and Jones Lang LaSalle. He was a founding member of Urban Partners, LLC, a nationally recognized developer of urban infill, mixed-use and transit-orientated real estate. In the public sector, Mr. Rosenfeld served as Director of Real Estate for the State of California and City of Los Angeles, as as Senior Deputy for Economic Development with Los Angeles County.
Judith N. Frank is principal of ASSET STRATEGIES strategic. Services focus is on strategic and transactional real estate and facilities issues for corporate, governmental and institutional clients. A major element of this work often involves financing alternatives, comprehensive portfolio strategies, due diligence, project economics, project delivery, government relations, stakeholder outreach, budgeting, and financial control.