Matter CC 25-016

Real Estate Services Division Activities Annual Report.

Housing Community & Economic Development Committee (CED) Agenda Ready Introduced 13 Jan 2025

2 Documents on file 527 KB · 2 extracted · 2 AI summaries

File: CC 25-016
Type: Review of Work Plan
Status: Agenda Ready
Requester: Office of Economic Development
Introduced: 13 Jan 2025
Last synced: 12 Jun 2026 · 16:19

The papers

2 documents · 527 KB

01 141 KB

Memorandum

141 KB Extracted AI Summary

file 16039295-27d2-4a6f-b40c-f0376fd47a86.pdf sha 21ebce09fc72 source unavailable

Official source link unavailable. The file was imported, but the current source metadata does not include a public document URL.

Generated summary AI-assisted

The source text indicates this attachment appears to be a draft document.

This memorandum presents the annual report of the Real Estate Services Division for the Fiscal Year 2023-2024, detailing its activities, revenue generation, and support for various city departments. The report highlights significant achievements, including exceeding revenue targets in telecommunications and facility leasing, and supporting homelessness projects and park acquisitions. It also outlines ongoing efforts to manage city-owned properties and improve public services.

Key points

The Real Estate Services Division manages the City's real estate portfolio and provides services to City departments.
The Division generated over $3,768,646 in revenue, exceeding targets in leasing programs and surplus sales.
Telecommunications leasing revenue totaled $1,606,170, surpassing the target by 13%.
Facility leasing revenue reached $1,295,476, exceeding the target of $1,100,000.
Surplus sale revenue was $867,000, exceeding the target of $600,000.
The Division supported the Housing Department with projects for homelessness support, including ground leases for tiny homes.
Acquisitions for park sites and easements were completed to support the Department of Parks, Recreation, and Neighborhood Services.
The Division assisted the Department of Transportation with land acquisitions for public transit and parking projects.
The Environmental Services Department received support for leases and land transactions related to major projects.
A comprehensive cloud-based database for City-owned properties is being developed to enhance property management.

Limitations

The text contains unresolved placeholders and lacks specific details in some sections.
The document appears to be a draft as indicated by the approval date and the posting for a future meeting.

Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.

Extracted text preview · 11,386 chars

COMMITTEE AGENDA: ITEM: TO: COMMUNITY AND ECONOMIC DEVELOPMENT COMMITTEE 1/27/25 (d)3 FROM: Nanci Klein SUBJECT: Real Estate Services Division Annual Report DATE: January 13, 2025 Approved Date 1/17/25 RECOMMENDATION Accept the Fiscal Year 2023-2024 annual report on the activities of the Office of Economic Development and Cultural Affairs’ Real Estate Services Division. BACKGROUND The Real Estate Services Division’s (Division) manages the City’s real estate portfolio, provides real estate services to City departments, and represents the City in third-party transactions. The Division serves as the City’s first point of contact to identify the correct management entity and approach to address issues on City-owned properties. The Division team is comprised of a real estate manager, three real estate project managers, and an intern. ANALYSIS In addition to the Division’s basic services, Real Estate Services focuses on major project delivery on behalf of client departments. Below is a highlight of work completed in Fiscal Year (FY) 2023-2024. Revenue Generation Revenue generated in the Facility and Telecommunication leasing programs and through surplus sale activity exceeded all...

02 387 KB

Presentation

387 KB Extracted AI Summary

file 307bb32e-17ba-48d5-9e70-2570b836b27c.pdf sha 7e8bf133b996 source unavailable

Official source link unavailable. The file was imported, but the current source metadata does not include a public document URL.

Generated summary AI-assisted

The document is an annual report from the Real Estate Services Division detailing accomplishments for FY 2023-2024. It includes property transactions, revenue figures, and highlights from various projects related to housing, parks, environmental services, and transportation.

Key points

Total revenue of $3,768,646, exceeding the target of $3,100,000.
140 total real estate projects completed.
Surplus sales of city-owned properties totaled $867,000.
Facility lease revenue totaled $1,295,476, a 16% increase over the previous fiscal year.
Telecommunications lease revenue totaled $1,606,170, exceeding the target by 13%.
Housing projects included ground leases for 300 tiny homes and the acquisition of the McEvoy property.
Environmental services included lease extensions and major project support for the Regional Wastewater Facility.
Transportation projects involved land acquisitions for the SAP Center and support for High-Speed Rail.

Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.

Extracted text preview · 2,635 chars

Real Estate Services Division Annual Report Community and Economic Development Committee January 27, 2025 Item (d)3 OEDCA Nanci Klein, Director OEDCA Kevin Ice, Director of Real Estate Summary of Accomplishments in FY 2023-2024 • Real Estate Services – Property transactions, sales, and acquisition – Easement transfers – Facility leasing and property management, as landlord and as tenant – Negotiation and other transaction/real estate services to other departments • Total Revenue of $3,768,646 – Exceeded target of $3,100,000, including surplus sales and leasing activities • 140 Total Real Estate Projects Completed – Project support provided to the City Manager’s Office, City Attorney’s Office and Housing, Parks, Recreation and Neighborhood Services, Public Works, Environmental Services, Transportation, Police, Fire, and Energy Departments. Support also provided to other Council priorities. 2 Summary of Accomplishments in FY 2023-2024 • Sale of City-Owned Properties – $867,000 in surplus sales completed • Sold land to San José Water Company for water supply infrastructure • Facility and Telecommunications Leasing – Facility lease revenue totaled $1,295,476 • 16% increase over FY...