Real Estate Services Division
Annual Report
Community and Economic Development Committee
January 23, 2023
Item (d)1
Nanci Klein, Director, Office of Economic
Development & Cultural Affairs
Kevin Ice, Senior Manager, Office of
Economic Development & Cultural Affairs
2 Summary of Accomplishments in FY 2021-2022
• Real Estate Services
– Fee and easement property transactions
– Facility leasing, as landlord and as tenant
– Property management
– Represents and assists other departments by negotiating and leading transactions, and solving real estate challenges
• Total Revenue of $7,115,876
– Including surplus sales and leasing activities
• 141 Total Real Estate Projects Completed
– Project support provided to Housing, Parks, Public Works, City Manager’s Office, Environmental Services, DOT, Police, Fire, City Attorney’s Office, and Council priorities 3 Summary of Accomplishments in FY 2021-2022
• Sale of City-Owned Properties
– $4,852,800 in surplus sales completed
• Sales included: 1500 Las Plumas Avenue, 575 E Santa Clara Street, 460 Park Avenue • Facility and Telecommunications Leasing
– Facility lease revenue totaled $1,082,874
– Telecommunications lease revenue totaled $1,179,802
• Impacts of Sprint & T-Mobile merger
• Vacant Land Management
– Real Estate software platform in procurement queue; awaiting assignment by Finance staff – Working with other departments on report of all vacant, City-owned properties 4 Project Highlights
Telecommunication Leasing
5 Project Highlights
Property Rights Transfers for Development Projects
• Completed Park Habitat land and easements
transfer to WestBank
• Condemnation, conditional vacation, and approval
for the sale of remnant parcels along Park Avenue
to support the CityView development project
6 Project Highlights
Lease Renewal for San Jose Giants at the
Municipal Stadium
7 Project Highlights
Measure T
Fire Station 8
Sale of 575-579 E Santa Clara St.
Acquisition of 601 E Santa Clara St.
• 575 E Santa Clara St. sold to VTA to
support the BART Phase II
• 601 E Santa Clara St. concurrently
acquired from the Santa Clara County
Housing Authority for construction of the
relocated Fire Station 8
• Profits from transfer created revenue for
the Measure T program
8 Project Highlights
Measure T
Fire Station 32
Acquisition of 1138 Olinder Court
• Demolition of site commenced to
prepare for the construction of Fire
Station 32
9 Project Highlights
Regional Wastewater Facility
Projects
• Received State HCD approval for Plant
Master Plan development process and
energy projects
• Negotiated lease for potential
construction of a renewable waste to
hydrogen plant at the ZWED facility
Real Estate Services Division
Annual Report
Community and Economic Development Committee
January 23, 2023
Item (d)1
Nanci Klein, Director, Office of Economic
Development & Cultural Affairs
Kevin Ice, Senior Manager, Office of
Economic Development & Cultural Affairs