Commercial Real Estate
Port of Oakland to invest, renew and grow green
February 4, 2022
Oakland, Calif. – Feb. 4, 2022: With national attention focused on the supply chain, infrastructure investment and jobs, it is time for the Port of Oakland to invest in a renewed, smart and zero-emissions port. That was Executive Director Danny Wan’s message this week at his annual State of the Port address. “The theme for… Read More
Read Full Article...Port of Oakland names 13-year vet as new Port Attorney
December 21, 2021
Oakland, Calif. – December 21, 2021: A veteran lawyer involved in every major Port of Oakland project over the last 13 years has been named Port Attorney. The Port appointed Mary Richardson, effective December 31, 2021, to succeed Michele Heffes who’s retiring. This appointment was made during last Thursday’s regular Board meeting. Ms. Richardson, who… Read More
Read Full Article...Port of Oakland A+ and A ratings affirmed by Fitch
August 9, 2021
Oakland, Calif. – August 9, 2021: Fitch Ratings has affirmed Port of Oakland bond ratings and lifted the Port’s ratings outlook from negative to stable. Fitch this week affirmed the following ratings on Port of Oakland debt: A+ for senior lien revenue bonds; A for intermediate lien revenue bonds; and A for the underlying bank… Read More
Read Full Article...Port of Oakland Board gives President Cluver second term
July 20, 2021
Oakland, Calif. – July 20, 2021: The Port of Oakland’s governing Board has given Andreas Cluver a second term as President. The seven-member Oakland Board of Port Commissioners unanimously selected the East Bay labor leader at a special meeting last week. Mr. Cluver begins a second one-year term next month after first gaining the presidency… Read More
Read Full Article...Port of Oakland adopts $465.3 million FY 2022 budget as California reopens
June 25, 2021
Oakland, CA, USA – June 25, 2021: As California reopens and global pandemic uncertainty continues, the Oakland Board of Port Commissioners approved a $465.3 million fiscal year (FY) 2021-22 budget. This is a 7.6% increase from FY 2021 ($432.5 million). “We are proud of all the Port of Oakland employees who have gone above and beyond to help keep us financially solvent and move forward during a once-in-a-hundred-year pandemic,” said Port Board President Andreas Cluver. Maritime activity at Oakland increased… Read More
Read Full Article...Port of Oakland a recipient of economic relief for California ports
May 18, 2021
Oakland, Calif. – May 18, 2021 – The Port of Oakland will be a recipient of California Governor Gavin Newsom’s economic relief for ports. The Governor’s proposed budget includes $250 million for public ports that have been financially challenged due to the pandemic. Governor Newsom made the announcement during the California Chamber of Commerce’s 2021 Virtual Capitol Summit & Host… Read More
Read Full Article...Port of Oakland boss appointed CAPA Vice President
February 24, 2021
Oakland, Calif. – Feb. 24, 2021: Port of Oakland Executive Director Danny Wan was just appointed Vice President of the California Association of Port Authorities (CAPA). During a week celebrating Ports Day 2021, which highlights the significant contributions California ports made to assist the state’s response to the COVID-19 pandemic, Wan fills the key leadership role… Read More
Read Full Article...Port of Oakland names Julie Lam Chief Financial Officer
February 19, 2021
Oakland, Calif. – Feb. 19, 2021: A key architect of the Port of Oakland’s COVID-19 response has been named the agency’s Chief Financial Officer. The Port said today that Julie Lam ascended to the post Feb. 8. She had been Acting CFO for the past 10 months. According to the Port, Ms. Lam will be… Read More
Read Full Article...Port of Oakland’s Executive Director plans for Port growth and a healthy community
February 3, 2021
Oakland, CA – February 3, 2021: Port of Oakland’s Executive Director Danny Wan began his State of the Port 2021 message to more than 200 stakeholders with a song lyric: Mercy, Mercy Me, Things Ain’t What They Used To Be, speaking virtually at the annual Women in Logistics and Pacific Merchant Shipping Association State of the Port 2021 event. Executive Director Wan referenced the challenges the… Read More
Read Full Article...Port of Oakland refinances to save $87 million in future debt payments
December 8, 2020
Oakland, Calif. – December 8, 2020: The Port of Oakland said today it is refinancing $544 million of debt with its new bond offerings. The public agency completed its bond pricing Nov. 19, 2020. Due to favorable market conditions, the Port expects to achieve net present value savings of approximately $87 million. In quite simple… Read More
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