Identify and purchase under valued real estate at below replacement cost.
Transform and manage real estate into income producing assets for appreciation.
Achieve the highest return for investors & both short and long term.
WHAT SETS US APART FROM OTHER REAL ESTATE INVESTMENT OPPORTUNITIES
Emphasis on both short and long term profits.
Primary investment in mixed-use multi-family and senior housing.
Use of options to entitle large parcels of land.
San Francisco Business Times
Oakland retail sites spark 13 proposals
After making a sales pitch to developers for 10 city-owned properties, the city of Oakland has garnered 13 development proposals for six sites. Oakland Redevelopment Agency Director Gregory Hunter said he is pleased with the outcome of a notice of opportunity the city issued in September. The city had bought up several parcels for retail and commercial development. “A couple of the proposals far exceeded what we had envisioned,” Hunter said. One proposal included plans for a boutique hotel — an element city leaders had not considered. Other proposals focused on bringing retail such as grocery stores and mixed-used developments with residential over retail. Proposals came in from Sunfield Sustainable Development, California Capital Group and nonprofits EBALDC and Resources for Community Development, as well as others.
The city will review the proposals and select its top choices in February. Hunter said he expects for the developers to entitle projects within a year. The 10 sites are in East Oakland, the Coliseum area and Uptown. The parcels range from 0.15 to 6.3 acres. The six properties that attracted proposals were the largest sites, Hunter said, which means that the city may have to use another strategy to find developers for the smaller sites. The notice of opportunity was the first time the city had packaged its properties to attract developers. The only other time the city appealed directly to developers was during former Mayor Jerry Brown’s 10K housing plan, when the redevelopment agency matched developers with sites, but those sites were privately owned. “Without some of the site assembly we’ve done, we would have not been able to attract many of the development proposals we received,” Hunter said. “One of the greatest stumbling blocks for development is site assembly.
” Read more: Oakland retail sites spark 13 proposals | San Francisco Business Times ” For more information, visit www.sunfielddevelopment.com. Read more: Oakland OKs Sunfield mixed-use project | San Francisco Business Times