Community & Economic Development Committee (ced)
January 27, 2025

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
2 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. 3 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 2022-2023
– Telecommunications lease revenue totaled $1,606,170
• Exceeded target by 13%
• Vacant Land Management
– Integral-LIS Real Estate database buildout is underway – Go-live anticipated in February 2025
4 Project Highlights
FY 23-24 Completed Project Highlights
Housing
• Top priority is supply for homelessness
response
• Ground leases at the Cerone yard and Via
Del Oro allow for 300 tiny homes
• McEvoy property acquisition
Parks, Recreation and Neighborhood
Services
• Calibunga Waterpark lease assignment
• San José Water Company property swap
• Secured 5.59 acres of parkland and
$820,000
5 Project Highlights
Environmental Services
• County Household Hazardous Waste
program lease extension
• Regional Wastewater Facility major project
support
Transportation
• SAP Center parking land acquisitions
• Brokered VTA’s acquisition of the Apollo
property
• Secures route for High-Speed Rail
through San José
FY 23-24 Completed Project Highlights
6 Project Highlights
Citywide Objectives
• Multiple land use agreements to
support Valley Water’s Coyote Creek
Flood Control project
• History Park train depot donation
• SJC airport easements
• Signia South Tower student housing
FY 23-24 Completed Project Highlights
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