Keck School of Medicine, USC Soto Building

A 120,000-square-foot administration building on USC's Health Sciences campus.

Exterior photograph of the corner of the Keck School of Medicine, USC Soto Building.


Los Angeles, California

Product Type

Administration building


Project Completion: Q3 2011


TCC was selected by the University of Southern California, from a pool of 17 development teams, to ground lease a 5.3-acre property adjacent to the University’s Health Science Campus in downtown Los Angeles, create a financing structure to execute the project, and then develop the administrative office building, which USC would lease back on a concurrent 20-year lease term.

Solutions & Outcomes

TCC's strategy included:

  • Implement entitlement and project approval process with City of Los Angeles in parallel with design to fast-track execution
  • Create conduit structure to finance the project through a tax-exempt bond issuance at less than 4% interest
  • Layer negotiated incentives for entire team, tiered toward cost management, budget management, and overall successful delivery
  • Bifurcate core & shell design and budget from TI design and budget to maintain fast-track project schedule for USC

The project was a resounding success, opening in August 2011, 4.5 months ahead of USC’s required schedule and $2M under budget.

Photograph of the downtown Los Angeles skyline.

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