NAIOP Annual “Golden Shovel” Real Estate Challenge
Sponsored by the San Francisco Bay Area chapter of the National Association of Industrial and Office Properties, the NAIOP Real Estate Development Challenge is a competition between graduate students at UC Berkeley and Stanford. Teams of five students are given an actual site, and must propose the best use, design, financing and marketing of a commercial real estate project on that site. Proposals are judged by a nine-member jury of real estate professionals in the areas of development, finance, property management, brokerage and local government. Final proposals are presented at an annual luncheon in April, with hundreds of NAIOP members in attendance. The winning team gets to keep the prized Golden Shovel (a close cousin of the Big Game Axe!) for one year.
The Golden Shovel has taken place since 1990. Of these 30 years, UC Berkeley has placed first 18 times, most recently in 2018 and 2019, and 2020.