Blogging Bayport Alameda

May 9, 2014

It’s an Honour

Filed under: Alameda, Development — Lauren Do @ 6:09 am

According to a report from the San Francisco Business Times, Marina Village has been sold for an undisclosed amount of money, but in the article it mentions that the deal was a “note sale” after the current owners, Legacy Partners, defaulted on a loan.  I’m not quite sure what a “note sale” is so it’s not clear if this is structured like other straightforwards sales like the one that transferred the South Shore shopping center into the hands of Jamestown and provided the City of Alameda a nice little windfall in the form of transfer tax.

Also according to the report, the new owners Brookfield Property Partners will retain Legacy Partners to manage the property, but:

What Brookfield did disclose are its plans for the project moving forward to lease up the complex, which has more than 35 percent vacancy.

“Brookfield intends to invest an enormous amount of money towards capital improvements,” said Steven Ganeless, head of U.S. asset management for Brookfield. “It is an irreplaceable, stunningly beautiful asset. When I first saw this campus, I was blown away by its potential.”

So here’s to Brookfield putting in whatever investments need to be put in to make Marina Village desirable to tenants.   Also, here’s a good business for the City to hit up to help pay for the Beltline Park.   I imagine a big beautiful park adjacent to their business park would be an excellent marketing tool as opposed to the huge ugly fence that exists now.

Wanted to tip my hat at really neat Alameda businesses.  First Zion Garage Door Repair, awesome local business.  Super nice, rescued my non operational garage door yesterday in less than an hour and came out in less than an hour.   Apparently you have to regularly maintain your garage door springs or else they snap.   I learned that the hard way yesterday.

Visited Cookiebar for the first time yesterday.  It was charming and everything that I hoped it would be.  They have a select number of Mitchell’s Ice Cream flavors there (including the Ube one).   #1 Daughter liked her ice cream cone and said the ice cream was good but, “Tucker’s Birthday Cake is still better.”   It’s good as a Webster Street option when us West Enders don’t want to make the schlep over to Park Street.

And finally, I had seen these Alameda branded apparel around town but didn’t really know the story behind it, but apparently it is what it is.  An awesome local company with quality Alameda gear.   While there are the standard Alameda anchor shirts, there’s also some nostalgic throwbacks to Neptune Beach and Croll’s Garden which I guess used to be a place to watch boxing?  if the graphic on the t-shirt is to be trusted.    There are some really neat designs make sure you check it out.  It appears you can buy online, but I’m not sure where you can buy them in person.  I did see a reference to Redux Open Studios in one old tweet, but wasn’t sure if that was a one time thing or not.

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15 Comments

  1. This is exciting news for Marina Village. With fresh capital, improved amenities, and the Brookfield brand, the Marina Village campus is looking at 100% occupancy.

    Comment by Karen Bey — May 9, 2014 @ 6:34 am

  2. Hi Lauren – A note sale is when the bank sells a loan (typically in default) to a third-party. Selling price is often a discount to the bank’s carrying value, but not recently given the overall improvement in real estate values. I’m not sure what tax benefits, if any, accrue to local municipalities. Tim.

    Comment by Tim Coffey — May 9, 2014 @ 6:52 am

  3. Hi Lauren sorry to hear your 10 years old garage door spring broke , mine was installed sometime around 1902 / 1905 and still work like a charm , I cannot imagine how much they have saved to all the owners of this house .
    Bev 100% occupancy ???? they will have to pass the formula to the South shore shopping Center with so many empty space , talking of which , they just installed traffic monitoring and recording devices in the street , wonder if this has anything to do with the Lady that was killed a few weeks ago there , because they kept saying there was no need for traffic light ??

    Comment by Joel Rambaud — May 9, 2014 @ 7:18 am

  4. FYI-Lauren: http://www.alamedasportsproject.com/alamedasboxinghistory.htm. Pretty surprised that a West Ender doesn’t know this stuff.

    Comment by Denise Shelton — May 9, 2014 @ 7:30 am

  5. It’s probably because I’m not a sports person and boxing is pretty low on the list of my interests if I were forced to choose a sport to be interested in.

    Comment by Lauren Do — May 9, 2014 @ 7:44 am

  6. The boxing story is told on a plaque at the Central/Webster bus stop. I thought you rode the bus everywhere, as you expect others to.

    Comment by dave — May 9, 2014 @ 7:51 am

  7. Responding to the Alameda t-shirts – you can find them at Lilac Dress Boutique on Encinal or online at http://honourbrand.com/

    Comment by Tara — May 9, 2014 @ 9:19 am

  8. Good to know re: Zion.

    Since many of our homes are of the same age, thanks for the heads-up re: “maintaining your garage springs”

    What does this involve? Lubrication?

    Comment by bayporter — May 9, 2014 @ 9:23 am

  9. bayporter: lubrication is one part, but that’s more for the door itself the hinges and whatnot. Zion Garage Repair said every few months spray some WD-40 on the hinges and that should help with that maintenance.

    But the most important part is checking the tension on your garage springs. Step 1: Disengage the door from the garage door opener by pulling on the red handle. Step 2. roll the door up manually to the half way point, if it doesn’t move when you let go of the door, your tension is okay. If it does move you’ll need to adjust your tension yourself (I think there are some youtube videos on how to do it) or call a garage door repair business. If your tension is okay, you can reengage the garage door to the opener by pulling on the red handle again and opening the garage door with the opener button thingie.

    Comment by Lauren Do — May 9, 2014 @ 9:42 am

  10. Nice to know there is a local company. I’ve always used R&S Erection out of San Leandro but such a funny name. They’ve been in business forever.

    Comment by frank M — May 9, 2014 @ 9:50 am

  11. Old garage door springs do not have a safety wire. They break without warning and have caused serious bodily harm and death. It is worth the expense to replace old ones. The savings are not worth endangering your life.

    Comment by Ed Hirshberg — May 9, 2014 @ 10:48 am

  12. @11. Before you scare everyone, clarify that you are not refering to roll-up garage door springs

    Comment by flow — May 9, 2014 @ 1:37 pm

  13. That’s correct, I was referring to the old time tilt up doors with the heavy springs.

    Comment by Ed Hirshberg — May 9, 2014 @ 3:31 pm

  14. 9. Lauren, those are some good tips, but I don’t get how any of this maintenance list would prevent springs from breaking? where did your spring break? like at the last hook where it is attached? could the problem be cheap steel? I don’t recall ever seeing one broken, but I’ve seen really dubious anchorage and even witnessed a contractor without a wrench driving a lag screw into a piloted hole with a hammer, which seemed like invitation for a law suit.

    Comment by MI — May 10, 2014 @ 10:00 am

  15. Our spring sprung a couple of years ago. We had Hector the local handyman fix it. I thought about doing it online but it can be dangerous…so we called Hector. It is sort of like a 2 man job. It happened after having the cars parked in the garage…so to get out of the garage we had to open it by hand which is also a 2 man job as they are heavy.

    It is great that they will finally start putting some money into Marina Village. I assume Chase will be closing as soon as they build the new one at Alameda Landing…and who know what will happen to Lucky’s after they open the new Safeway. I use to take Bernie (dog) to a coffee shop there sometime but it closed. After The old run down office park between Target and Pasta Pelican sold they have made it a lot more attractive, just by exterior upgrades and paint.

    Comment by Joseph — May 11, 2014 @ 3:43 am


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