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 OKs Sunfield mixed-use project
Sunfield Development is three for three with its Oakland mixed-use project proposals totalling more than $60 million. Its latest pitch, to build a $37 million, four-story complex at Foothill and MacArthur boulevards near Eastmont Mall, was recently approved by the Oakland City Council. The nod came after the city selected Sunfield to develop two other city-owned sites that were part of a call for proposals on 10 sites. “Most of developers now are scared of taking risks in marginal areas, but that’s where we think the most opportunities are,” said Sid Afshar, head of Sunfield. Sunfield operates out of Orinda, but will be moving its offices to downtown Oakland. Sunfield expects to sign an exclusive negotiating agreement with the City of Oakland in August and to start construction on its three projects within about two years. The other two proposals include a $21 million, 73,460-square-foot, mixed-use entertainment center at 1800 San Pablo Ave. and a $10 million, 33,000-square-foot project at Foothill Boulevard and Seminary Avenue. The Eastmont development will comprise 200,000 square feet with retail on the ground floor, office space and about 76 units of senior housing on the upper floors. Afshar said the retail area could accommodate a drugstore, midsize grocery store and city library. Peralta Community College District has shown interest in occupying the office portion for an extension campus. So far, Afshar said he is confident his team can line up the financing to move forward on all three sites. The city’s redevelopment agency is negotiating deals on five of the 10 development sites it promoted. “We’re looking at game changers,” said Walter Cohen, head of Oakland’s Community and Economic Development Agency. “We’re looking at catalysts that will stimulate the rebuilding of neighborhoods.” For more information, visit www.sunfielddevelopment.com.
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