Commercial Real Estate
Port of Oakland revenue held steady in FY ‘16 though tenant left
October 18, 2016
Oakland, CA. – (Oct. 18, 2016): Port of Oakland operating revenue held steady in FY 2016 despite the departure of a bankrupt tenant. The Port said today its operating revenue for the year ending June 31 was $338 million. That was a record for the Port, up 0.4 percent from the old record of $336.6… Read More
Read Full Article...Port of Oakland debt upgraded by Fitch Ratings
October 17, 2016
Oakland, CA. – (Oct. 17, 2016): Port of Oakland intermediate lien revenue bonds have been upgraded by Fitch Ratings to A from A-. Fitch has also affirmed the A+ rating on the Port’s senior lien revenue bonds. The rating outlook for both liens is stable. Fitch issued its rating update October 14. It said the… Read More
Read Full Article...Tall ship Hawaiian Chieftain delivers living history at Jack London Square
September 23, 2016
Oakland, CA – (September 23, 2016): Tall ship Hawaiian Chieftain serves as a living history project and is docked at Jack London Square at the Foot of Broadway today through Monday, Sept. 26, 2016. Made of steel in Hawaii in 1988 and originally designed for cargo trade among the Hawaiian Islands, the vessel is reminiscent of… Read More
Read Full Article...Eat Real Festival at Jack London Square to draw big crowd
September 22, 2016
Oakland, CA – (Sept. 22, 2016): The Eat Real Festival 2016 is a multi-cultural eating extravaganza at the Oakland waterfront this weekend. The three-day event at the Port of Oakland’s Jack London Square draws tens of thousands of visitors. Admission is free. The event is family-friendly and runs Friday, Sept. 23 through Sunday, Sept. 25…. Read More
Read Full Article...Pedalfest returns to Jack London Square Saturday
July 21, 2016
Oakland, Calif.–July 21, 2016: Pedalfest rolls into Jack London Square, Saturday, July 23, 2016 from 11 AM to 6 PM. The free annual event celebrates all-things cycling at this Bay Area premier bicycle festival. In partnership with Bike East Bay, Pedalfest is anticipated to draw more than 20,000 biking enthusiasts to the Oakland waterfront. This… Read More
Read Full Article...Port of Oakland Board elects Michael Colbruno President
July 15, 2016
Oakland, Calif. – July 15, 2016: Michael Colbruno, a managing partner with the Milo Group of California, has been elected President of the Port of Oakland’s Board of Port Commissioners. The former two-term member and past chair of the Oakland Planning Commission was chosen unanimously by the seven-member Board last night. He succeeds Commissioner Earl… Read More
Read Full Article...Port of Oakland budget for Fiscal Year 2017: $477 million
June 29, 2016
Oakland, Calif. – June 29, 2016: A $477 million Fiscal Year 2017 budget has been approved for the Port of Oakland. The spending plan, OK’d by Port Commissioners last week, is up 1.7 percent from the 2016 budget. It takes effect July 1. The Port’s budget forecasts a 3.9 percent boost in 2017 revenue. Expenses… Read More
Read Full Article...Port of Oakland gives Executive Director new 3-year contract
June 27, 2016
Oakland, Calif. – June 27, 2016: Port of Oakland Commissioners have awarded Executive Director Chris Lytle a new three-year contract. The agreement means the longtime industry veteran will remain at the helm in Oakland through July 2019. Commissioners unanimously approved the new deal at a meeting last week. “Chris Lytle has transformed the Port of… Read More
Read Full Article...Dancing Under the Stars returns to Jack London Square
June 22, 2016
Note: Please see short Dancing Under the Stars video here. Oakland, Calif. – June 22, 2016: It’s back! The free, Friday night dance lesson and party at the Port of Oakland’s Jack London Square is happening again this summer. Every Friday evening the Square transforms into a huge, outdoor dance party. “This is one of the… Read More
Read Full Article...Port of Oakland receives tenth consecutive energy star certification
May 17, 2016
Oakland, Calif. – May 17, 2016: Every year the U.S. EPA recognizes buildings nationwide for energy efficiency. In 2016, the Port of Oakland headquarters at 530 Water Street is the only building in the city to receive this distinction so far. This is the tenth consecutive year that the Port has received an Energy Star… Read More
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