Oakley
Oakley, CA · Business
Silicon Valley
Owners of downtown Oakland office tower suffer loan default
OAKLAND — The owners of a landmark downtown Oakland office tower are in default on a multimillion dollar loan, the latest failure to jolt a prominent downtown property. Documents filed on Oct. 21 with the Alameda County Recorder’s Office show that affiliates controlled by Swift Real Estate have an unpaid principal loan balance of $194.1 million for the tower at 1111 Broadway.
rolling out
CJ Johnson: The CEO behind East Oakland’s $135 million liberation park project
Carolyn “CJ” Johnson has spent more than 25 years around commercial real estate investment, where deals are measured in returns and timelines. When she talks about the project that now defines her work, though, she starts with where she comes from. “I am born and raised in East Oakland,” and I feel comfortable that we have been reaching out to folks who feel like they have a space.”
oaklandside.org
New Grocery Outlet opens in Oakland’s Eastlake neighborhood
Jorge Cossio was all smiles on Thursday as dozens of shoppers walked through the front door of Oakland’s newest grocery store, the Grocery Outlet that’s taken over Walgreens former building on E. 18th Street near Lake Merritt. Cossio, the shop’s owner, said this is his first store, although...
kalw.org
Oakland Measure FF: Closing a loophole in real estate transfer taxes
Oakland Measure FF proposes to close a loophole in Oakland’s current real estate transfer tax. Usually, when real estate is sold in Oakland, the City collects up to 2.5% of the sales price as a transfer tax. Currently foreclosed properties are not subject to this tax. If passed, Measure...
Grandview Independent
Richmond staff give council update on city finances, Chevron settlement
After city staff warned in September that Richmond's day-to-day operations ran $9.8 million in the red last year, City Council members asked for a second opinion. The report they got Tuesday left that year out. The presentation covered three years of audited results and
rolling out
Carolyn ‘CJ’ Johnson fights displacement for Black culture
Carolyn “CJ” Johnson has more than 25 years of executive leadership and commercial real estate investment experience. Born and raised in East Oakland, she is chief executive officer of Black Cultural Zone Community Development Corporation, which bridges grassroots mission with institutional grade asset performance. Her team is developing the Residences at Liberation Park, a fully funded, 119 unit affordable housing project set to break ground in late 2026.
hoodline.com
Downtown Oakland Tower's Owners Default on $194 Million Loan Amid Office Market Slide
The owners of a 24-story office tower at the heart of downtown Oakland have defaulted on a loan carrying an unpaid principal balance of $194.1 million, according to documents filed with county officials this week. The affiliates, controlled by Swift Real Estate, bought the building at 1111 Broadway for $327.5 million back in 2021 — a price that now stands in stark contrast to the distress reflected in the new filings.
bayareatelegraph.com
oaklandside.org
Oakland law firm holds property owners accountable for injuries due to negligence
When does an accident on someone else’s property become an injury that you can (and should) sue for? Answering that question is a big part of the job for personal injury lawyers like Rya Nelson. “Like a lot of personal injury cases, the liability often stems from either negligence...
news24-680.com
Daily Californian
In a ‘bittersweet’ end, Nabolom Bakery shuts down after 50 years
After half a century in Berkeley, Nabolom Bakery & Pizzeria shut its doors for good Sunday. Owners Julia Elliott and Sabra Stepak said that a mix of political backlash, a lost social media presence and the rising cost of living for workers made the business impossible to sustain. They announced the closure in a post on Facebook Sunday.
whatnow.com
decorhint.com
11 Quiet Antique And Thrift Stores In Oakland, California That Locals Swear By
A vintage clothing shop near the Bay will sell you a jacket and read your tarot cards on the same afternoon. Another store mixes rare antiques with pickle-themed odds and ends. I love that kind of weirdness. The quiet part is what really hooked me. One shop specializes in Japanese...
whatnow.com
KRON4 News
Berkeley’s beloved Nabolom Bakery closes, blames political backlash, high costs
(KRON) — A beloved bakery that operated for decades in Berkeley’s Elmwood District closed its doors over the weekend and claimed its outspoken politics were partially to blame for its demise. Nabolom Bakery & Pizzeria on Russell Street served its last pie Sunday, after 50 years in Berkeley. In a post on Facebook regarding the […]
amadorvalleytoday.org
Pleasanton Welcomes Back the 626 Night Market
As visitors enter the big market, the smell of roasted chicken and fried food greets them; colorful merchandise and pop music fill the Alameda County Fair as they explore the 626 Night Market in Pleasanton. Vendors sell Asian-inspired foods and products, bringing people together from diverse backgrounds while celebrating Asian American culture.