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About this blog: I am a native of Alameda County, grew up in Pleasanton and currently live in the house I grew up in that is more than 100 years old. I spent 39 years in the daily newspaper business and wrote a column for more than 25 years in add...  (More)

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Recognizing the Tri-Valley's younger influential leaders

Uploaded: Sep 8, 2023
The annual State of the Tri-Valley Thursday evening marked the swan song for CEO Lynn Naylor who is moving on to the leadership role with a new non-profit organization focused on helping children and the environment.
Naturally, she and her team innovated by looking to the future and recognizing 20 people under 40ish (whatever that means). It was the highlight of the evening and made the panels that followed, despite their distinguished speakers, almost an after-thought. The event took place at the Roundhouse Conference Center in Bishop Ranch.
The mistress of ceremonies was Joy Ofodu, who grew up in the Tri-Valley and has established her own media company here and become an influencer, business woman and entertainer. She offered the honorees a choice of three questions to quickly answer as organizers attempted to move through the honorees respectfully and quickly.
During the real estate discussion Alex Mehran Jr. cited the Trillo CEO when asked about commercial real estate moving forward. Trillo is committed to being fully remote. To make that work, they’ve established private coffee shops, sites to gather for off-site meetings and showrooms for customers and recruiting. He thinks that could be a model for companies moving forward.
The president and CEO of Sunset Development Co. is leading a remarkable transformation of Bishop Ranch from a business park filled with office buildings to a suburban downtown anchored by the CityCenter hub that will eventually be surrounded by 4,500 housing units.
Sunset also purchased back Chevron Park and its 92 acres on the southside from the energy company and will relocate its corporate headquarters into the former PacBell headquarters at 2600 Camino Ramon. Chevron will shed about 1 million square feet of office space. Sunset already is working with the city on plans for thousands of homes plus other space in that huge parcel.
What’s notable about the Sunset plans is they’re knocking down buildings that are 30-40 years old and redeveloping the space to meet the new vision.
Joining Mehran on the panel was Rich Hoyt of Newmark. He thought the challenging market could be helpful in the long run as companies evaluated their needs in today’s reality and adjusted. He noted that vacancy in downtown San Francisco has soared from 3% to 33%, while it climbed in the Tri-Valley from about 14% to 22%.
He thought San Ramon was transforming to the point that a person who grew up here would be willing to return here to raise their family.
Don Marek, senior vice president of commercial lending at sponsoring Fremont Bank, had a couple of the best lines of the night. He commented what did it say about those of us who were attending and listening to a banker while the opening game of the National Football League was being played. He also joked that all of the name badges that weren’t picked up belonged to people in his fantasy football league.

What is it worth to you?


Posted by Rich Buckley, a resident of Livermore,
on Sep 13, 2023 at 8:28 am

Rich Buckley is a registered user.

It is unlikely that any new housing can be delivered in Sunset's beautiful area for under $950 per square foot without all sorts of complex offsets in partnership with stakeholders. If anyone can do it, Sunset will. The over arching impact of our current Federal Reserve is at an inflationary inflection point caught in the global dynamics of it's own making over the past several decades. One little glitch anywhere will start unraveling our banking system ... and there is a glitch ... 20.8824° N, 156.6816° W. Intuitively, this is the awakening event happening right now.

Posted by Rich Buckley, a resident of Jensen Tract,
on Sep 13, 2023 at 5:01 pm

Rich Buckley is a registered user.

Within the context of housing costs there are complex housing schemes developers use: Web Link

"Affordable Housing" along El Camino Real for example hit $8,000 per month and up.

Posted by Rich Buckley, a resident of Jensen Tract,
on Sep 13, 2023 at 5:03 pm

Rich Buckley is a registered user.

$8,000 per month in monthly rents... still referred to as "Affordable Housing."

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