In Case You Missed It...

Below are the top Oakland development stories for the week of Oct. 30, 2017:

Here’s why California developers must pay construction workers a fair wage
Published by the Sacramento Bee on Oct. 27, 2017
http://www.sacbee.com/opinion/op-ed/soapbox/article180954841.html
Eighty five percent of the costs associated with housing construction in California are unrelated to the wages or benefits paid to the workers who actually build it.

Chinese-backed developer proposes Oakland's tallest tower

Published by the San Francisco Business Times on Oct. 27, 2017
https://www.bizjournals.com/sanfrancisco/news/2017/10/27/oakland-tallest-tower-office-condo-development.html?ana=twt
Oakland may get a new tallest tower.
Developer Pinnacle Red Group has proposed a glassy, 440-foot highrise plan at 1261 Harrison St. It would rise to 36 stories and exceed the height of the city's tallest high-rise: the 404-foot Ordway Building.
(Attached) 

A’s Stadium Proposal “Is a Once in a Lifetime Opportunity,” Say Fans and Local Businesses
Published by the Oakland Post on Oct. 28, 2017
http://www.oaklandpost.org/2017/10/28/stadium-proposal-lifetime-opportunity-say-fans-local-businesses/
Supporters are mobilizing to support the latest proposal to keep the Oakland A’s from moving out of Oakland –  to build a 35,000-seat stadium next to Laney College and Lake Merritt that would transform both the immediate area and all of downtown Oakland.

Uber to Sell Oakland Building to CIM Group for $220MM
Published by the Registry SF on Oct. 30, 2017
http://news.theregistrysf.com/uber-sell-oakland-building-cim-group-220mm/
Uber is planning to sell its 380,000 square foot office building in Oakland to Los Angeles-based CIM Group for approximately $220 million, according to multiple sources familiar with the transaction. The deal has not closed at this point, however, CIM has placed a major non-refundable deposit to acquire the property. This would bring the pricing of the 380,000 square foot property to nearly $579 per square foot.

Oakland Landlord Beefs with City, Calls for 'No More Homeless Camps,' with Halloween Decorations

Published by the East Bay Express on Oct. 30, 2017
https://www.eastbayexpress.com/SevenDays/archives/2017/10/30/oakland-landlord-beefs-with-city-calls-for-no-more-homeless-camps-with-halloween-decorations
Last December, Oakland landlord Gene Gorelik moved to evict the single remaining tenant in a small apartment building by Lake Merritt that he had recently purchased. Simultaneously, he hung a pro-Trump billboard on the property and surrounded it with barbed wire and floodlights.

Job Growth Slows Where Housing Costs a Lot
Published by Bloomberg on Oct. 31, 2017
https://www.bloomberg.com/view/articles/2017-10-31/job-growth-slows-where-housing-costs-a-lot
My Bloomberg View colleague Conor Sen noted this Silicon Valley slowdown last month. One reason for it is pretty clear: Metropolitan San Jose and San Francisco are the two most expensive housing markets in the country, with median home sales prices in the second quarter of, respectively, $1.2 million and $950,000, according to the National Association of Realtors. They also happen to be the two metropolitan areas with the highest median household incomes: $110,040 and $96,677 respectively in 2016, according to the Census Bureau. But those median incomes aren't big enough to buy those median houses. Metro San Jose and San Francisco scored last and and third-to-last on the NAR's 2016 Housing Affordability Index, which "measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home."

Oakland city workers plan one-day strike for Thursday
Published by SF Gate on Nov. 1, 2017
http://www.sfgate.com/news/bayarea/article/City-Workers-Plan-One-Day-Strike-For-Thursday-12324430.php
A union spokesman said today that nearly 2,000 Oakland city workers plan to begin a one-day strike at 2 p.m. Thursday to protest what they allege are the city's unfair labor practices

Exclusive: Uptown Oakland apartment building next to BART is sold 
Published by the San Francisco Business Times on Nov. 1, 2017
https://www.bizjournals.com/sanfrancisco/news/2017/11/01/uptown-oakland-apartment-sale-bart.html
A new 25-unit Oakland apartment project in the Uptown neighborhood has sold for $16.5 million.

Longtime construction executive Andy Ball joins Oakland development firm 
Published by the San Francisco Business Times on Nov. 2, 2017 
https://www.bizjournals.com/sanfrancisco/news/2017/11/02/andy-ball-rad-urban-oakland-developer-construction.html?ana=twt
Longtime Bay Area construction executive Andy Ball has joined Oakland development firm RAD Urban as president of construction. 

Port of Oakland Jobs Deal Should Be a Model for Amazon and Other Warehousing Corporations 
Published by the East Bay Express on Nov. 2, 2017
https://www.eastbayexpress.com/oakland/port-of-oakland-jobs-deal-should-be-a-model-for-amazon-and-other-warehousing-corporations/Content?oid=10510426
If Amazon knows your address, then the warehousing and logistics industry touches your life. Online retail has transformed our economy, reducing the need for brick-and-mortar storefronts by providing the convenience of delivery-at-your-doorstep. 

Oakland Mayor Schaaf discusses homeless plans as workers strike
Published by the San Francisco Business Times on Nov. 2, 2017
http://www.sfgate.com/bayarea/article/Mayor-Libby-Schaaf-discusses-Oakland-homeless-12328395.php
As homelessness shows no sign of shrinking in Oakland, Mayor Libby Schaaf asked homeowners Thursday to open their doors to the unsheltered if they have the space to spare.

Can’t afford housing? You could move into a shipping container
Published by the Mercury News on Nov. 3, 2017
http://www.mercurynews.com/2017/11/03/cant-afford-housing-you-could-move-into-shipping-container/
OAKLAND — When entrepreneur Luke Iseman looks at the massive stacks of red, blue and gray shipping containers that loom over the Port of Oakland, he imagines an end to the Bay Area’s housing shortage.

State of the City: Mayor Schaaf speaks of a ‘resilient’ Oakland
Published by the East Bay Times on Nov. 2, 2017
http://www.eastbaytimes.com/2017/11/02/state-of-the-city-mayor-schaaf-speaks-of-a-resilient-oakland/
OAKLAND — In her State of the City address Thursday, following a tumultuous year rife with turnover at City Hall and a deadly fire that killed 36 people, Mayor Libby Schaaf chose themes that resonate with many residents throughout Oakland — fears of displacement as cranes dot downtown development, the growing homeless population, and the A’s plan to build a new stadium near vulnerable neighborhoods.