Blogging Bayport Alameda

July 8, 2014

Familiar faces

Filed under: Alameda, Alameda Point, City Council, Development — Lauren Do @ 6:08 am

Yesterday the San Francisco Business Times had a piece on the developers vying for a piece of Alameda Point after the City released an RFQ for the Town Center/Neighborhood Center/Waterfront/whatever portion of Alameda Point as well as the commercial campus space sort of below the town center parcel.   Some familiar names have popped up and some early disqualifications already as well.   From the piece:

Nine development teams have applied to develop at least 800 apartments or condominiums and mixed-use space at Alameda Point, the former Navy base on San Francisco Bay.

  • Alameda Point Partners, a venture by Thompson Dorfman Partners, SRM Ernst Development Partners and Madison Marquette
  • Brookfield Homes
  • Catellus, which already has converted the former Alameda Fleet Industrial Supply Center into the Alameda Landing development
  • Mission Bay Development Group
  • Rising Realty Partners with Summit Land Partners
  • Tim Lewis Communitieswhich is working on 309 apartments near the Alameda waterfront
  • Trumark Cos.
  • Williams & Dame Development with Zelman Development Co. and Langley Investment Properties

Four of those applicants also submitted for the commercial site: Catellus, CIM, Mission Bay and Trumark.

Before everyone freaks out about Tim Lewis Communities, apparently they have already been axed from the list of finalists.  A few familiar faces and some new ones which may require a google-fest in order to figure out what exactly organizations like “Rising Realty Partners” are precisely.

Speaking of Google fest, remember that closed door item about the BEQ and the shady sounding development group?   So there is an agenda item about it and sort of plans and prices, but I’ll write about that some other day.

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6 Comments

  1. What they don’t note is Catellus has gone though several mergers/spin offs and they are not the same company which developed Alameda Fleet Industrial Supply Center. They take credit for Bayport it is completely different now. When I worked for Catellus people use to come to work happy and proud…they are not the same company.

    Mission Bay Development Group is actually a spin off of Catellus and I don’t see them having the capital to fund the project. They also let 2/3 of their small staff of 24 go a couple of years ago.

    I like Alameda Point Partners or Brookfield Homes. I don’t know much about the other companies.

    Comment by Joseph — July 8, 2014 @ 8:02 am

  2. The CEO of Rising Realty Team is Nelson Rising, the former CEO of Catellus Development Corporation (the Catellus entity that existed prior to its merger/acquisition with ProLogis back in 2005). As Joseph mentioned, there have been a few spin offs/reincarnations of the original Catellus organization since that 2005 merger. Rising Realty has primarily been engaged in So Cal real estate ventures since its inception. The principals of Summit Land were former Catellus Residential Group executives, so that connects the dots there.

    Comment by Anni Chapman — July 8, 2014 @ 8:41 am

  3. Why do I envision Faberge eggs for this posting?

    Comment by Basel — July 8, 2014 @ 9:46 am

  4. 3 maybe you dreamed about Faberge eggs last night. Frankly I don’t get your point.

    So 3 of the companies are forms of Catellus wearing different forms of sheep clothing. Rising has Nelson as CEO has a lot of clout…I believe he made like 25 million on the Catellus/Prologis merger and is 73 I don’t know why he is still working but he apparently is…but some people seem to just like to work. These 3 companies mostly just do planning and hire other companies to do all the work. It would be nice to find a company which carries the project all the way though from Infrastructure, Architectural, to building the project out…bypassing a lot of the middle man.

    Comment by Joseph — July 8, 2014 @ 10:42 am

  5. This is a great list of developers to choose from. City staff and the City Council have a difficult task ahead of them in making a final selection.

    Comment by Karen Bey — July 9, 2014 @ 7:08 am

  6. I needed to find someone I use to work with at Mission Bay Development Group and the person is no longer there. They went from like 24 people to 11 people which included 2 temps. This was because the Redevelopment Agency cut there funding. While I was on their site it had a list of project they developed. The list included Santa Fe place which they didn’t have anything to do with, they sold it and Bayport which was 99% developed Mission Bay was fairly planed out by the old Catellus. What is confusing is old Catellus became Prologis (headquarter in Denver) through a merger, Prologis didn’t have a good name so they brought back the Catellus branding name, and then after selling off most of there Bay Area projects they spun off the development of Mission Bay to Mission Bay Development Group. Prologis then spun off the new Catellus. Finally Prologis merged with AMB and now AMB is Prologis and moved their headquarters from Denver to San Francisco.

    So with all that confusion, Prologis, New Catellus, Mission Bay Development Group, Farallon Capital Management, L.L.C probably all take credit for Bayport although none of them had anything really to do with it. So the Catellus you see now is not the same company with 500 employees, they are a totally new company with a old name, Prologis isn’t the same company, Mission Bay Development Group is only staying alive because of Farallon Capital. Rising Realty Partners head is Nelson Rising who was the head of the old Catellus and made all this happen…and made millions of dollars selling off the old Catellus, but in college he was great in football and so there is some sort of strategy. Both the New Catellus and Mission Bay Development Group are banking on this project, if not they may not be in business next year. So the “New” Catellus, Mission Bay Development Group and Rising Realty Partners competing for the prize is like incest. We have 3 of the developers competing…one trading on hope, one trading on name (which is theirs in name only) and one trading on strategy.

    Comment by Joseph — August 1, 2014 @ 12:46 pm


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