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Old 12-02-2010, 10:29 PM
 
Location: Oakland, CA
28,234 posts, read 36,207,410 times
Reputation: 28517

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Quote:
Originally Posted by athleticsfan72737489 View Post
This isn't Magic Johnson's first venture into Oakland. I believe, at one point, he owned the Starbucks at the Fruitvale Station shopping center. This is when the shopping center first opened in the mid-1990s.
Magic Johnson has a ton of stuff in the Bay. He recently sold the Starbucks by the Walmart in Oakland. He owns the movie theater in Richmond and several local 24 Hour Fitness. Take a look at Magic Johnson Empires: Magic Johnson - Enterprises (Our Partners)

He has a ton of ventures and investments all over the country.
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Old 12-03-2010, 12:28 AM
 
Location: Mission Viejo, CA / San Rafael, CA
2,352 posts, read 5,193,221 times
Reputation: 539
Quote:
Originally Posted by Stephen1110 View Post
I've Been reading , and I notices something.

Mr. Fantastic said City Center was sold at a cheap price because it was empty.
However, City Center is 97% leased.
Price can solve anything, including vacancy. One day when you go to your local CC and take a beginner business course, you'll learn that (maybe).
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Old 12-03-2010, 12:34 AM
 
Location: East Bay Area
1,993 posts, read 3,556,458 times
Reputation: 911
Before it was sold, it was already 97% leased.

Vacancy wasn't a problem at City Center.
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Old 12-03-2010, 06:16 AM
 
Location: Los Altos Hills, CA
36,417 posts, read 66,008,479 times
Reputation: 20819
Quote:
Originally Posted by athleticsfan72737489 View Post
This isn't Magic Johnson's first venture into Oakland. I believe, at one point, he owned the Starbucks at the Fruitvale Station shopping center. This is when the shopping center first opened in the mid-1990s.
Yes, he owns that Starbucks. Its one of the 20 most profitable Starbucks' locations in the world.
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Old 12-03-2010, 06:28 AM
 
Location: Los Altos Hills, CA
36,417 posts, read 66,008,479 times
Reputation: 20819
The Early Word on Daniel Patterson's Plum : Good News/Bad News : Eater SF


http://sf.eater.com/uploads/D-Patt%20at%20Plum.jpg
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Old 12-03-2010, 09:50 AM
 
22 posts, read 40,019 times
Reputation: 24
Quote:
Originally Posted by 18Montclair View Post
This is yet another example of your SoCal ignorance of the Bay Area getting you in trouble. LOL

Actually Oakland has a lower vacancy rate than both SF and Silicon Valley and lease rates in Oakland are actually now at parity with SF.

This is because Oakland didnt overbuild like SF and SJ did and Oakland during the dot com boom-it turns out that Oakland not being able to attract as much investment as the other regions in the end, served to Oakland's advantage.
Is that right? I dont have the stats but that's very impressive.
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Old 12-03-2010, 09:56 AM
 
22 posts, read 40,019 times
Reputation: 24
Quote:
Originally Posted by WesternGulf View Post
Maybe I am wrong on the location but isn't the Expo across 580 from downtown in or near emeryville?

Edit: sorry I misread downturn.

I would NOT want a Target in the area. Especially, if the stores are granted liquor license (not sure if Target sell liquor). Target across the states that I have visited have always had a bad impact on the surrounding area.
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Old 12-03-2010, 03:33 PM
 
Location: East Bay Area
1,993 posts, read 3,556,458 times
Reputation: 911
The Emeryville Shopping Complex is 1/3 Oakland and 2/3 Emeryville. Both cities split the money it generates. Even though the Target Store is on Oakland's side, but the Emeryville will split the profit.
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Old 12-03-2010, 04:42 PM
 
Location: Los Altos Hills, CA
36,417 posts, read 66,008,479 times
Reputation: 20819
Quote:
Originally Posted by Pongmeister View Post
Is that right? I dont have the stats but that's very impressive.
Last time I checked it was still the case, but that is because Oakland didnt overbuild in the first place. Historically when there's been an office boom, Oakland's been one of the last places to be a part of that, which also means that when there's a crash, Oakland is less likely to feel it.

Its a win-lose situation. LOL
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Old 12-03-2010, 04:46 PM
 
Location: Los Altos Hills, CA
36,417 posts, read 66,008,479 times
Reputation: 20819
Coliseum City?

I like it.

Quote:
[LEFT]Oakland city leaders have a dream for the Oakland Coliseum. Instead of sports fans who show up for games and leave as quickly as possible — let’s admit, the concrete bridge that connects the stadiums to BART feels rather prison-like — a visionary master development, currently dubbed Coliseum City, would keep visitors and their disposable cash around longer.

Walter Cohen, head of economic development for the City of Oakland, and Larry Reid, the councilmember who represents East Oakland, are working together to bring a big vision of what could be done with the area surrounding the coliseum.

The idea, and it’s just an idea right now, Cohen insists, is to create something that would capture the game crowds before and after events as well make use of underutilized land by adding retail, housing and entertainment space.


Read more: City leaders coliseum dreaming in East Oakland | San Francisco Business Times



This is long overdue. The Coliseum complex, while impressive in its size and scope, is very antiquated and no longer competes competitively with other venues as far as desirability for people to linger and spend their money.

Its layout is a throwback to 1960s planning where the car was king. Now, the city has the potential to do something wonderful there.


[/LEFT]
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