Tag Archives: Morgan R. Olsen

ASUAFD Preliminary Master Plan - 6.16.15

Preliminary master development plan for ASU Athletics Facilities District released

Arizona State University (ASU) and Catellus Development Corporation, a nationally recognized master developer, are taking an important step toward creating a world-class urban community immediately adjacent to ASU’s Tempe Campus.  Following several months of due diligence and market analysis, Catellus worked in collaboration with ASU to develop a preliminary master development plan to transform the 330-acre Athletic Facilities District at the northeast end of the Tempe campus. The plan includes new and renovated NCAA athletic facilities, with more than seven million square feet of office, multifamily residential, hospitality and retail space, interconnected with vibrant sidewalks, bicycle paths and urban open spaces.

The careful study and planning invested in the project reflect ASU’s dedication, written in the university’s charter, to take responsibility for bettering the broader community. In pursuit of that mission, ASU and Catellus are inviting the public to view the plan and offer comment at an open house next week.

“This is a highly visible and prominent development that demands thoughtful planning and execution,” said Greg Weaver, executive vice president of Catellus Development Corporation. “We will collaborate with ASU and many other future partners to transform the district in a manner that maximizes financial returns for the University, while simultaneously creating a world-class, sustainable, urban neighborhood for the greater community.”

The facilities district will generate revenue to help fund the renovation and reinvention of Sun Devil Stadium and other University athletic facilities, without the use of tax dollars, through payments made by new private real estate development projects on University-owned land.  ASU has partnered with Catellus to oversee the development, marketing, leasing and management of the district.

“This is an important step in what will be a well planned process over many years to develop property adjacent to ASU in a way that serves the community and the University,” said Morgan R. Olsen, Executive Vice President, Treasurer and Chief Financial Officer for Arizona State University.  “ASU is committed to being a positive force in the communities we serve and, working with Catellus and our other partners on this project, we will set high standards and are confident that it will attract quality development.”

Activity is already underway in the district at Sun Devil Stadium.  That project is being phased to permit the venue to remain open during renovations.  Work on the first phase has started, with all three phases scheduled to be complete prior to the 2017 football season.

“The district and its capacity to generate revenue for the university and Sun Devil Athletics typifies the progressive thinking for which Arizona State has become known,” said Ray Anderson, Vice President and Athletic Director at ASU. “The development of the district will create a sustainable revenue stream necessary to support and invest in championship-caliber facilities for our 23-plus athletics programs and will benefit our 550-plus student-athletes.”

The district’s preliminary land use plan reflects a phased approach to private development over the next 20 years.  An initial phase that may include office, multifamily and retail development is expected to be underway as soon as 2016.

The preliminary master plan will be available for review during a public open house to be held on June 23, 2015 from 6:00 pm to 7:30 pm. Representatives from ASU and Catellus will be on site to answer questions and review district plans with attendees during the open house.  The open house will be held at Gallery 100, located at the Tempe Center, 951 South Mill Avenue, Suite 199. Attendees will also be able to provide comments for the project team to consider as the master plan continues to evolve.

“We are excited to share our first draft of the master plan for the district,” said Brian Kearney, senior development manager with Catellus Development Corporation. “Feedback from the open house and other meetings with stakeholders will continue to evolve our thinking as we strive to develop a community that will offer unforgettable life experiences.”

The district is located at the north end of the Tempe Campus. It encompasses most University-owned property generally bounded by Sun Devil Stadium, Veterans’ Way, University Drive, McClintock Road and Tempe Town Lake.

Until a permanent name is selected during the next phase of planning and development, the area will be referred to as the ASU Athletic Facilities District, or simply the district.

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Amkor Technology celebrates grand opening

Amkor Technology, a leading provider of semiconductor packaging and test services, joined Tempe Mayor Mark Mitchell, Ryan Companies US, Inc., ASU representatives and other community leaders to officially open the doors of Amkor’s new corporate headquarters today.

Located in the Arizona State University Research Park (ASURP), the 101,949 square foot, two-story office building at 2045 E. Innovation Circle was constructed by builder/developer, Ryan Companies in just nine months. PHArchitecture was the architect of record. The facility features an open office concept for approximately 350 employees— complete with large training and conference areas.

“We are excited to move our corporate headquarters to the prestigious ASU Research Park. The new building is a beautiful, state-of-the-art facility and we look forward to being here for many years to come,” said Steve Kelley, Amkor’s President and CEO.

A leading global technology company, Amkor, is a natural fit at ASURP, Greater Phoenix’s premier technology park. Amkor joins other notable technolgy companies at ASURP including Avnet, GoDaddy, Edward Jones and Walgreens.

”It is a point of pride for Tempe that so many prestigious and thriving high-tech companies are choosing Tempe,” said Mayor Mark Mitchell. “We look forward to the great things that Amkor will continue to do in its beautiful new headquarters and welcome them as part of our community.”

“We are thrilled to be part of the team that brought another exceptional project to the ASURP, and pleased to welcome Amkor’s corporate headquarters to their new home in the valley’s technology hub. The environment is a natural fit for Amkor, offering the perfect opportunity for industry and university collaboration among so many centers of excellence,” said Molly Carson, Vice President of Development at Ryan.Ryan Companies has been the leading builder at ASURP, having constructed more than 50% of the facilities at the Park.

“We have enjoyed a mutually beneficial relationship with Ryan Companies over many years and we are grateful for that partnership,” Morgan R. Olsen, President of the ASU Research Park’s Board of Directors and Executive Vice President, Treasurer and CFO of ASU said.

“We welcome Amkor Technology to the ASU Research Park and look forward to their interactions with our leading research faculty and engineering students,” Olsen said. “The addition of Amkor’s corporate headquarters to the Park’s corporate roster reflects the value the Park provides, including a direct connection to ASU and its extraordinary pool of talented graduates.”

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ASU opens 2 more PowerParasols

In order to line up more with Arizona State University’s goals of being carbon neutral on campus by 2025, the New American University has teamed up with start-up company, Strategic Solar, and has opened up two more PowerParasols on campus.

Morgan R. Olsen, executive vice president, treasurer and CFO at ASU, said that these projects are extremely helpful and important to ASU’s goal of being carbon neutral and a leader of universities in cutting the impact that these institutions have on the environment.

ASU’s partnership with Strategic Solar began when they first built one of the PowerParasols, which have photovoltaic solar panels and supplies great shade for the community, at Lot 59, a popular tailgating spot for Sun Devil fans. Now, two more of these structures were built, one PowerParasol was erected outside of ASU’s Memorial Union and the other was built at a major entrance onto campus at Gammage Auditorium.

“The PowerParasols created an area we can enjoy 12 months out of the year,” Olsen said. They also generate sustainable energy for the campus and add to the 25 megawatts of solar energy that ASU hosts across four campuses, Olsen said.

Since 2007, ASU has cut its green house emissions by 36 percent per student, while enrollment has increased by 33 percent, Olsen said. “We’re growing and we’ve achieved these great metrics,” Olsen said.

The PowerParasol at Memorial Union has 1,380 photovoltaic solar panels, which produce 397 kilowatts, and the PowerParasol at Gammage is a little larger with 1,716 panels on two different structures and it produces 494 kilowatts.

These structures aren’t only great at supplying shade during the day, but at night they have luminous lights that create a beautiful friendly environment.

JA Solar supplied all of the panels that were used for these projects. APS community Relations Manager Michelle Gettinger congratulated ASU and PowerParasol with this brand new innovative and green structure.

Bob Boscamp, president of Strategic Solar, said that ASU was the first to partner and share the vision of installing PowerParasols. The PowerParasols are patent pending Boscamp said and he hopes to open up more at ASU and across the nation.

Olsen said that this is one of many of ASU’s projects that are being done to help minimalize the impact that Universities have on the environment. Zero waste initiatives have been enacted, across the campus there are multiple recycling bins for students to utilize and whenever the school receives boxes from shipments ASU sends them back.

Also, at the recent Pat’s Run, ASU had crews making sure what was recyclable at the event was recycled and anything that was organic trash went to proper biomass facilities Olsen said.

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John Creer to lead ASU real estate activities

John P. Creer was named Assistant Vice President for Real Estate Development at Arizona State University (ASU). Creer comes to ASU from Coldwell Banker Commercial in Salt Lake City, Utah, where he has worked as a commercial real estate broker since August 2011. Morgan R. Olsen, ASU’s Executive Vice President, Treasurer and Chief Financial Officer, announced Creer’s appointment.

“With his nearly 30 years of experience in commercial real estate development, consulting, property and asset management and venture capital, John Creer possesses the expertise to lead the university’s complex real estate activities,” Olsen said. “His skill set will be of great value to our Real Estate Development Office as ASU continues the development of the athletic facilities district and other strategic real estate initiatives.”

Creer’s most recent professional accomplishments with Coldwell Banker include brokering transactions with national and regional companies such as UPS, US Bank and Obagi Medical Products, Inc. He is a licensed real estate broker in Utah and is a licensed real estate agent in California. Creer holds a bachelor’s degree in accounting, with an emphasis in corporate and partnership taxation from the University of Utah.

“I’m excited to work with Dr. Olsen and the real estate team to develop and maximize the value of real estate assets to benefit Arizona State University,” Creer said. “President Crow and Dr. Olsen have created a refreshing atmosphere in a public institution that is on the leading edge of public-private partnerships. I believe my public and private development experience will bring an added dimension to ASU’s growth trajectory in relation to its real estate development initiatives.”

Prior to his Salt Lake City relocation, Creer worked for Grandview Advisors, LLC, Vanir Construction and the Trammell Crow Company on professional service contracts with the Los Angeles (California) Unified School District. One of his notable ventures with his partners at Grandview Advisors was the development of a master planning process and protocol to support a $7-billion, voter-approved capital investment program for 585 public school sites across the Los Angeles area.

Earlier in his Los Angeles work, Creer was responsible for the development and execution of a $2.3 billion master plan for 41 new San Fernando Valley K-12 school sites. He managed a $200-million charter school development program and started an asset management division to monetize underutilized real estate owned by the school district through public-private partnerships.

Previously in his career, Creer was chief financial officer for a Los Angeles venture-backed technology transfer company. He formerly served as managing partner of a Salt Lake City commercial development firm and was the chief financial officer of a Salt Lake City technology start-up company. Creer also performed various development, leasing and property management roles for a Salt Lake City commercial and industrial real estate development firm.

“With his wealth of knowledge and history of success in a broad range of real estate development ventures, I’m confident that John Creer can build on our achievements in the real estate arena,” Olsen said. “We are pleased to welcome him as part of the ASU Business and Finance team, and look forward to working with him in meeting the university’s complex real estate needs and developing new revenue streams to support ASU’s evolution as a New American University.”

Visit https://cfo.asu.edu to learn more about the office of ASU Business and Finance.