In Case You Missed It...(1/5/2018)

Below are the top Oakland development stories for the week of Jan. 1, 2018:

Exclusive: Rare new condos start sales in Oakland Hills
Published by the San Francisco Business Times on Jan. 2, 2018
https://www.bizjournals.com/sanfrancisco/news/2018/01/02/east-oakland-condos-skyview-monte-vista-discovery.html
After 15 years, a rare condo development in the East Oakland Hills is completing its final 60 units.

Wednesday’s Briefing: Insurance Policies Canceled in Oakland Hills; California Looks at Tax Changes in Response to Trump Overhaul
Published by the East Bay Express on Jan. 3, 2018
https://www.eastbayexpress.com/SevenDays/archives/2018/01/03/wednesdays-briefing-insurance-policies-canceled-in-oakland-hills-california-looks-at-tax-changes-in-response-to-trump-overhaul
1. Some insurance companies are canceling policies of homeowners who live in or near wildland areas in California, including the Oakland and East Bay hills, because of concerns about the proliferation of catastrophic wildfires, reports Kimberly Veklerov of the San Francisco Chronicle$. “We’re looking at a future where there will be increasing challenges of insurance availability for some homeowners in some areas of California,” said state Insurance Commissioner Dave Jones. “The areas where this is a problem are likely to expand.” Property owners who lose their insurance can enroll in a state-sponsored plan as a last resort.

Oakland Unified financial officer resigns amid budget crisis
Published by the East Bay Express on Jan. 3, 2018
https://www.eastbaytimes.com/2018/01/03/oakland-unified-financial-officer-resigns-amid-budget-crisis
OAKLAND — Oakland Unified School District senior business officer Vernon Hal has stepped down from his post amid a district-wide budget crisis.

Oakland earmarks millions for affordable housing
Published by East Bay Times on Jan. 5, 2017
https://www.eastbaytimes.com/2018/01/05/oakland-earmarks-millions-for-affordable-housing
San Francisco’s median home price reached $1.4 million in mid-2017, a new record. Other Bay Area regions are also surging, and inventory remains tight despite a softening in job growth. Although for-sale condos and townhomes are being built around the Bay Area, the additional supply hasn’t dampened prices in the same way rental housing has. Economists and residents alike will have to see if 2018 continues the upward trajectory.

City Holds Public Lands Meeting for Small, Minority and Women-owned Construction Firms
Published by the Oakland Post on Jan. 5, 2017
http://www.oaklandpost.org/2018/01/05/city-holds-public-lands-meeting-small-minority-women-owned-construction-firms/
The City of Oakland is hosting a public meeting Monday, Jan 8 for Oakland’s small, minority and women-owned construction firms to learn about the latest proposal for developing the jobs’ component of a new city public lands policy.

2018 Residential Real Estate preview: Will home prices stabilize? Will modular construction make a difference in the cost of building housing?
Published by the San Francisco Business Times on Jan. 4, 2017
https://www.bizjournals.com/sanfrancisco/news/2018/01/04/residential-real-estate-will-home-prices-stabilize.html
San Francisco’s median home price reached $1.4 million in mid-2017, a new record. Other Bay Area regions are also surging, and inventory remains tight despite a softening in job growth. Although for-sale condos and townhomes are being built around the Bay Area, the additional supply hasn’t dampened prices in the same way rental housing has. Economists and residents alike will have to see if 2018 continues the upward trajectory.