Can your spare bedroom help solve Oakland’s homelessness crisis?

OAKLAND — For everyone who has ever passed one of this city’s sprawling homeless encampments and wondered how to help, Mayor Libby Schaaf has an answer — open your door to someone in need of shelter.

The Oakland mayor is asking residents to offer their spare rooms, Airbnb units and rental properties to the city’s homeless, a radical proposition that has prompted both cautious optimism and scathing criticism from her constituents. Some landlords worry taking in down-on-their-luck tenants could backfire, and skeptical homeless advocates say this Band-Aid of a solution doesn’t solve the larger problem. But others, watching Oakland’s homelessness crisis grow to devastating proportions, say now is the time for outside-the-box thinking.

Read more from East Bay Times

Brett Stratton joins NAI Northern California as Managing Director in Oakland to lead growth in the East Bay

SAN FRANCISCO, CA – October 31, 2017–  NAI Northern California is pleased to announce that Brett Stratton has joined as Managing Director based at the firm’s downtown Oakland office. Brett brings over 20 years of real estate industry experience on a national level including multifamily investment properties, contract negotiations, and brokerage operations. His previous background includes roles with startups Owners.com and Movoto as well as real estate players like KB Home and Coldwell Banker.

“With demand and prices on the rise in Oakland and other cities throughout Alameda and Contra Costa counties, NAI Northern California is really focused on growing our service coverage to meet the market. Brett’s real estate experience and team building expertise will definitely be key in driving exponential market share growth throughout the East Bay,” remarks NAI Northern California President, James Kilpatrick.

NAI Northern California’s momentum in the East Bay Area is already gaining this year. The brokerage closed just over $93 million in real estate transactions across the East Bay Area in 2016. Already in 2017, the team has nearly doubled sales volume in the region to over $173 million year to date.

 

About NAI Northern California

NAI Northern California is a progressive, tech enabled, full service commercial real estate firm serving the Bay Area. Recognized as one of the Top 25 Commercial Real Estate Firms by the East Bay and San Francisco Business Times, we are committed to delivering best in class services for our clients.

www.nainorcal.com

Download full press release PDF here

SF and several other Bay Area cities lobby for Amazon headquarters

Thursday was the deadline for cities to submit a potential site to Amazon for its upcoming, Apple UFO-like $5 billion new North American headquarters, a secondary hub that the company says will compare in size and scope to its existing Seattle headquarters.

Naturally, Bay Area cities are clamoring to draw company CEO Jeff Bezos’s eye. In all, nine local cities want to attract Amazon with prime real estate, including a coalition of seven cities, dubbed the Northern Arc, who submitted jointly.

Read more on Curbed SF

 

Google, Facebook push back on housing, transit crisis

As the Bay Area’s housing and transportation crisis deepens, a few of the region’s biggest tech employers are taking matters into their own hands.

Menlo Park-based Facebook and Mountain View-based Google are starting to address the region’s foremost issues in housing and traffic. The two tech giants have committed to supporting or building permanent housing in their hometowns – a first in the region – each drawing up or promising master plans that would create new apartments and retail close to thousands of jobs.

Read more from San Francisco Business Times

NAI Northern California celebrates continued growth with 21% revenue increase by third quarter of 2017

The tech-forward, collaborative brokerage continues to emerge as an up-and-comer on the Bay Area commercial real estate scene

SAN FRANCISCO, CA – October 17, 2017–  Continuing to evolve as a growing force in the San Francisco Bay Area commercial real estate landscape, NAI Northern California forges into the third quarter of 2017 with revenue already surging past 2016. As of October, the brokerage has increased gross revenue by 21% over last year. Across retail, multifamily, office, industrial, and land, the total square footage of transactions closed by the team more than tripled.

In regards to NAI Northern California’s growth and the current market, President James Kilpatrick points out, “While the Bay Area has been experiencing an extraordinarily long real estate cycle, this seems to be accelerating further as our number of successful transactions is up by 31%.”

Multifamily investment sales are active as investors focus on residents looking beyond San Francisco to the East Bay. Top producing broker Shivu Srinivasan closed the $28.75 million acquisition of an 88 unit apartment complex at 4445 Stevenson Boulevard in Fremont and the $13 million sale of a 70 unit property at 250 West Jackson in Hayward.

In retail, NAI Northern California is carving out a niche by successfully closing over $100 million in triple net shopping centers and single tenant properties this year.Top producer Mary Alam spearheaded the $13.6 million sale of the Newark Shopping Center and several Walgreens properties among others.

Growing market share is directly impacted by the addition of talent. In 2017, experienced industry professionals Tony Alanis, Kevin Flaherty, Fritz Jacobs, Matt Gorman, Gregg Steele, Reggie Regino, Brent Stiggins, and Darija Walker joined the company’s brokerage and financing groups.

James Kilpatrick remarks, “Our growth is truly predicated on our talented team. We are unique in the commercial real estate industry, empowering our professionals to take a collaborative approach supported by a tech-forward platform that helps them be nimble as they get deals done for our clients.”

About NAI Northern California
NAI Northern California is a progressive, full service commercial real estate firm serving the Bay Area. Recognized as one of the Top 25 Commercial Real Estate Firms by the East Bay and San Francisco Business Times, we are committed to delivering best in class services for our clients.

www.nainorcal.com

NAI Northern California Represents Seller in $9.4 Sale of North Beach Office Building

SAN FRANCISCO, CA – NAI Northern California, the Bay Area presence for NAI Global, the largest commercial real estate brokerage network in the world, is proud to announce the $9,435,000 sale of a three-story office building in the North Beach neighborhood of San Francisco.

NAI Northern California’s Senior Investment Advisor Alex Barker and Investment Advisor Thomas Loretz represented the sellers in this transaction. “Our team at NAI Northern California was able to overcome several obstacles to successfully advise our clients on the sale of their highly visible property,” states Mr. Barker.

“We professionally guided our clients through the sales process, with our hands-on approach and our extensive knowledge of the local market.”

Located at 665 Chestnut Street in San Francisco, the three-story, 16,900 square foot office building stands on the historic streets of the North Beach district with easy access to restaurants, cafes, public transportation and well as the nearby Embarcadero waterfront, and Financial District.

This North Beach office is in a prime location for public transportation systems including the Powell-Mason cable car line and multiple MUNI locations for easy access to all parts of the San Francisco Bay Area.

665 Chestnut Street was 100% occupied at the time of sale enabling Alex and Thomas of NAI Northern California to deliver an ideal investment income opportunity in the San Francisco office market.

 

About NAI Northern California

NAI Northern California is at the leading edge of technology, collaborative culture, and training, giving our local professionals a competitive advantage and creating better outcomes for our clients. We are consistently a top Commercial Brokerage in the Bay Area, and continue to grow our team and revenues.

NAI Global is the largest commercial real estate brokerage network. Founded in 1978, today NAI Global has more than 400 offices worldwide and over 7,000 professionals, managing over 425 million square feet of property. Global offices deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.

To learn more, visit www.nainorcal.com
Explore career opportunities with our winning team at www.nainorcal.com/careers
Download Article PDF here

 

Why CRE needs more women—and what we can do about it

In the past decade, there’s been a 10% decline in the number of female CRE brokers, according to a study by the CREW Network. That loss is troubling, especially given how few women are in the industry to start with. Want to attract and retain talented women to your brokerage? Here’s where to start.

Read more from Apto

 

3 Ways Virtual Reality is Changing Commercial Real Estate

Virtual reality (VR) is expected to make a $15.6 Billion impact on the economy in 2020, so it’s safe to say that this is less of a trend and more of a future way of life. Just as most technology and visual media disruptions have historically impacted commercial real estate – VR is no exception.

Here are three ways virtual reality is impacting CRE the most!

Read more from NAI Global