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Trusted Advisors in Public-Private Real Estate Development

Featured Projects

KMA Advising Jurisdictions on Middle Income Housing Programs

In recent years, a number of financial entities have submitted proposals to local jurisdictions to use tax-exempt government bonds (Essential Housing Revenue Bonds) coupled with a property tax exemption to acquire market rate apartment buildings and subsequently convert them to rental housing for households earning up to 120% of the Area Median Income.  These programs are generally referred to as “Middle Income Housing Programs” (MIH Program).

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UCSD's La Jolla Innovation Center

The La Jolla Innovation Center is a state-of-the-art facility featuring 110,00 SF of office and educational space for UCSD Health, UCSD School of Medicine, and UCSD Extension to serve students, patients, and the larger community.  Developed on seven acres adjacent to UCSD’s main campus, the Class-A seven-story building will also feature a ground floor café, 275 parking spaces, and sustainable design features.   

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Infrastructure Finance - EIFDs, IFDs, IRFDs

KMA has extensive experience in preparing financing plans for public improvements and unmatched experience in preparing Infrastructure Financing District (IFD) financing plans.  KMA  prepared the financing plans for the following formed districts: City of West Sacramento EIFD No. 1; City of San Diego Otay Mesa EIFD, Mission Rock WIFD, Treasure Island IRFD, Historic Core Pier 70 EWIFD, Rincon Hill IFD; and Legoland IFD.  

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What's New

Land Use Economics Job Opportunity - Associate and Intern (Berkeley Office)

May 24, 2022

We are seeking qualified candidates to join our team in the Berkeley office at the Associate and Intern levels. The ideal candidate will be an enthusiastic team player with a keen interest in land use economics, strong analytical mind,proficiency in Excel, and who is ready to engage in all areas of our work.

A detailed description of the employment opportunites and how to apply can be viewed at the link below.  No phone calls, please. 

 

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PDF icon KMA Berkeley Job Ad

Grand Opening of Fairview Heights in Inglewood, CA

May 5, 2022
By Kimberly Heaton

On April 12, 2022, City officials celebrated the grand opening of a new 101-unit affordable, supportive housing development in Inglewood, developed by two Los Angeles County non-profits: Linc Housing and National CORE. Keyser Marston was retained by the City of Inglewood to perform a financial gap analysis for the development, the primary purpose of the analysis was to quantify the warranted amount of City funds that were necessary to ensure the project was financially feasible.

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CityLine Sunnyvale Enters Exciting Third Phase of Development

February 1, 2022
By Kimberly Heaton

A critical economic development goal for the City of Sunnyvale has been to create a dynamic downtown, a place for civic pride. This long awaited goal is finally being realized as the development of CityLine Sunnyvale is transforming the formerly distresed Sunnyvale Town Center into a vibrant transit-oriented, mixed-use development in the downtown core. Recent construction updates reveal the project keeps hitting exciting milestones.   On Jan. 27, 2022 Sunnyvale city leaders joined developer STC Venture, a joint venture between Hunter Storm and Sares Regis Group of Northern California, to break ground on the project's third phase- Block 3. 

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Palm City Village – TOD with Affordable Housing Moving Forward in San Diego

October 20, 2021

On October 14, 2021, the Metropolitan Transit System (MTS) Board approved a 390-unit affordable housing complex to be built on a four-acre parking lot at the Palm City Trolley Station in South San Diego. The Board voted to enter into Disposition and Development Agreements (DDAs) with two co-developers, National Community Renaissance of California (National CORE) and Malick Infill Development (MID).   National CORE is proposing a 288-unit affordable rental project and MID plans a 102-unit middle -income rental project.  The Project, dubbed Palm City Village, is a transit-oriented development that will also include a child care facility and outdoor recreation space.

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Encinitas Approves Updates to Inclusionary Housing Program

September 7, 2021

The City of Encinitas recently approved updates to its Inclusionary Housing Program, based on recommendations outlined in KMA’s analyses. 

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Major Milestone Reached for the Chula Vista Bayfront

June 23, 2021
By Paul Marra

On June 15, 2021 the San Diego Unified Port District (District) and the City of Chula Vista (City) approved the pivotal leasing, financing, and construction documents that move the Chula Vista Bayfront (CVB) project one step closer to ground breaking. The planned $1 billion development encompasses a 1,600-room waterfront resort hotel, 250,000 SF of convention and meeting space, and a parking structure on 36.5 acres, along with new public parks and associated infrastructure.   

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With Opening of Beachfront Resort, Oceanside's Tourism Bonafides are Solidified

May 28, 2021
By Kimberly Heaton

The Mission Pacific Hotel and The Seabird Resort officially opened in May 2021, putting a stamp on the City's reputation as a tourism destination.  Originally referred to as the Oceanside Beachfront Resort, the two adjacent hotels were developed by S.D. Malkin Properties (Developer) and are operated by Joie de Vivre and Destination Hotels, respectively. After years of planning, construction, and Covid-19 delays, the hotels are now open and are the largest newly constructed oceanfront development on the San Diego County coast in fifty years. 
 

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Multi-Jurisdictional Award Winning Specific Plan Adopted by City of Riverside – Northside Specific Plan

May 13, 2021

The City of Riverside adopted the Northside Neighborhood & Pellissier Ranch Specific Plan and Program Environmental Impact Report (PEIR) on November 17, 2020.  The Specific Plan provides a vision for future development in the Northside neighborhood, which encompasses approximately 1700 acres within the City of Riverside, City of Colton, and unincorporated County of Riverside.

The city solicited community feedback throughout the planning process and strived to strike a balance between the desire to save open space but also allow property owners to build residential and commercial projects.

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San Diego’s Complete Communities Advances with City Council Approval

December 7, 2020

On November 9, 2020, the San Diego City Council approved two primary components of the Complete Communities program, a package of development incentives designed to strengthen community development and improve housing affordability and quality of life.  Housing Solutions and Mobility Choices are complementary planning strategies designed to incentivize development near transit while connecting San Diegans to convenient and safe transit options.  KMA was engaged to evaluate the financial feasibility and fiscal impacts of implementing the two components.   

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Imperial Beach – Opening of the Hampton Inn & Suites

August 5, 2020

The City of Imperial Beach welcomed a new hotel on June 15, 2020 as the greatly anticipated 100-room "Beach Modern" Hampton Inn opened on a prominent site on State Route 75 at the entrance to the City’s downtown and beachfront communities.  The final phase of the 4.75-acre Breakwater Town Center, the four-story Hilton-branded hotel located at 771 Palm Avenue includes a pool, fitness and business centers, free wi-fi and a breakfast/lounge area.

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Advised by KMA, Escondido Adopts a Community Facility District (CFD)

July 31, 2020

The City of Escondido, in an ongoing effort to address projected budget shortfalls, adopted a resolution to form a Citywide Services Community Facilities District (CFD) on May 13, 2020.  The goal of the CFD is to ensure that new residential developments do not negatively impact the City's General Fund.

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KMA's Julie Romey Joins CAL-ALHFA Board

June 22, 2020

Julie Romey, a Senior Principal in KMA's Los Angeles office, has joined the CAL-ALHFA Board of Directors.   CAL-ALHFA (California Association of Local Housing Finance Authorities) is a non-profit organization with a broad based membership including both public and private agencies which develop, finance, and administer programs to address affordable housing throughout the State of California.

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Vallco Town Center Wins Legal Battle

May 8, 2020
By Kimberly Heaton

On Wednesday May 6th, a Santa Clara Superior Judge upheld the City of Cupertino's September 2018 approval of the Vallco Town Center, concluding the project proposed by Sand Hill Property Company is in conformance with SB 35 guidelines and therefore eligible to proceed.  SB 35 is part of a landmark package of housing bills enacted in 2017 to address the affordable housing shortage in California.  SB 35 facilitates the expedited development of eligible projects, and the court ruling allows the redevelopment of the former Vallco Mall to move forward.  

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