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News and Views: The CREW SF Blog

Oct 12, 2017
Chief Economist Ted Egan, Ph.D. On the State of San Francisco

 

On October 12, members and guests of CREW SF gathered for the 2017 Economic Forecast featuring City and County of San Francisco’s Chief Economist Dr. Ted Egan. Freshly back from vacation and armed with an informative set of slides containing data he and his team from the Office of Economic Analysis in the City Controller’s Office have collected over the years, Dr. Egan shared his examination of the results.

 

Employment Rate

To kick-off the presentation, Egan revealed some positive news - San Francisco’s seasonally adjusted unemployment rate has been at or around 3 percent, an historic low, for the last two years. Since 2010, the city’s unemployment rate steadily decreased from 10 percent to 3 percent, where it has held since 2015, and neither a local or national recession is likely to take place in the coming years.

 

Tech Titans & Housing

As many in the region would expect, San Francisco’s economy is heavily impacted by the Technology industry. In 2016, the city’s job growth continued its torrid pace with an average increase of 26,000 new jobs per year. Nearly every sector added jobs, but none as high as Tech, which has been growing drastically since 2003. 2016 saw the addition of over 9,000 jobs in the Tech space, way beyond the additions of 1,000 jobs in Construction sector; 4,000 jobs each in the Transportation, Trade, Financial and Professional Services sectors; and 2,000 in the Manufacturing sector. The differential in numbers between tech and non-tech industries can be attributed to industry investment. Non-tech companies simply cannot afford such rapid growth. However, even with this growth, the data shows that startup activity has slowed since 2013, meaning fewer startups have been funded in San Francisco since then. An uptick in VC investment indicates that money is going towards larger, later-stage companies.

 

While the tech boom is not expected to end anytime soon, Dr. Egan theorized that lack of physical space in San Francisco is contributing to the slow-down in startup activity. The absence of vacancy in both housing and office space leave new and existing companies with few options for companies to develop and expand. Recovery in stock prices and venture capital likely contributed to renewed growth in apartment rents this past year, but the office market has yet to see the same rebound. The increase in office jobs without the accumulation of office space tells us that the city is at capacity.

 

Thank you to all who attended and sponsored this year’s Annual Economic Forecast. See you next year at the 2018 Economic Forecast!  

 

Oct 06, 2017
The Island City Tour

By By Christina Rain, P.E., Project Manager, Langan

 

On 1 August 2017, CREW’s San Francisco and East Bay Chapters co-hosted a successful tour of the City of Alameda, in which over 85 members and guests were shuttled around “The Island City” to learn about real estate development occurring in the area. City of Alameda representatives served as tour guides, relying on their in-depth knowledge of the City as it exists today and their varying roles guiding the vision for Alameda as the Bay Area’s Island of Innovation.


 

At the tour’s first stop, 1700 Harbor Bay Parkway, we were met by Dhruv Patel, who announced plans to build a new hotel at the property (see photo – left). In the photo (right), Debbie Potter, Community Development Director for the City of Alameda, can be seen speaking about Alameda Landing, the tour’s second stop, where CREW members and guests enjoyed views to Jack London and discussed challenges related to stabilizing the shoreline of the property.

 

 

The tour concluded with our third and final stop at Building 9, where Ron Silberstein, Admiral Maltings co-founder, and Joe Ernst, SrmErnst founder, welcomed us inside the Building 9 commercial spaces, taught us about malt production at the planned Admiral Maltings, and presented the space for Almanac Beer Company’s future brewery.
 

 

Continuing with the theme of craft beer, the tour concluded with a networking event at a local-favorite, Faction Brewing, where we enjoyed good company, good brews, and good eats.

 

Jun 21, 2017
Lifting Up Life Learning Academy

 

By: Lindsey Madison, SIMEON Commercial Properties


Each year CREW SF partners with a charitable organization to raise awareness and support them in the field of commercial real estate or women in general. CREW SF believes it is vital to partner with a local community organization to help raise awareness for issues that impact locals. This year, CREW SF partnered with Life Learning Academy (LLA) to support the non-profit’s initiative called LLA Build. LLA is a San Francisco Unified School District charter high school founded in 1998 by the non-profit Delancey Street Foundation. LLA’s mission is to maintain “a nonviolent community for students who have not been successful in traditional school settings” primarily for homeless youth. They are raising funds to build on-campus dorms for those same students and need to raise $2 million to break ground on their project.

 

Dr. Teri Delane presenting LLA to the Mariposa Hunters Point Yacht Club


CREW SF aims to increase visibility of the LLA Build initiative by introducing them to engineers, planners, contractors, construction managers and more who can help by providing in-kind donations or discounted services to LLA. Over the weekend of June 10th our very own board member and community affairs liaison Cary Ronan hosted LLA at the Mariposa Hunters Point Yacht Club (MHPYC). LLA’s founder Dr. Teri Delane gave a heart-warming and inspiring presentation to the club members detailing the inspiration behind the foundation of Life Learning Academy. The club was able to raise approximately $1200 that evening to support LLA and its efforts. To learn more about LLA and support their cause visit their website http://build.lifelearningacademysf.org/.

 

To follow their progress, like LLA on Facebook: https://www.facebook.com/lifelearningacademy/ and be sure to use the hashtag #LLABuild



From Left to Right: Dr. Teri Delane, (MHPYC Commodore), CREW SF Board Member Cary Ronan, Community Affairs Champion for LLA, Lindsey Madison
 

Jun 14, 2017
SFMOMA Architecture Tour and Networking Evening: A sold out event with a big excitement

 

By: Christiana Kyrillou, Wood Bagot

 

Following the SF MOMA Process Luncheon, CREW SF presented to both members and non-members an evening of architecture, art and networking at the SFMOMA. The group joined a festive and fervent social time at Thirsty Bear Salon enjoying drinks and tapas while mingling and networking.

 

After the Networking portion of the evening, we all ventured across the street to the new SFMOMA and joining our two guides, Jean and Youssef, for a guided one-hour architecture tour. We met by the impressive steps of the Richard Serra Sculpture and split into two groups. The guides took us through the Snøhetta-designed expansion of the new SFMOMA building and renovated Mario Botta wing. We received a curated understanding of the process from inspiration to construction, as well as the challenges faced in designing what is now the largest museum dedicated to modern and contemporary art in the United States.

 

The groups explored the progression of the SFMOMA through its expanded gallery spaces, outdoor terraces, and environmentally conscious design. Highlights of this tour included the Helen and Charles Schwab Hall on Floor 2, the living wall on Floor 3, and unique views of San Francisco from the multiple terraces. At the end of the guided tour, those interested joined in the viewing of the special exhibition of Matisse/Diebenkorn.

 

Everyone left the event feeling inspired, captivated and enthralled!

 

May 10, 2017
Transbay Transit Center Tour

 

By Kena David, BCCI Construction Company

 

The CREW SF Rising Leaders organized an exclusive tour of the coveted Transbay Transit Center project for CREW SF members. We began the tour with an informative video presentation bringing us back in time to the Transbay Terminal of the past with its connecting trains running across the bay bridge and all the way to Sacramento. In the height of rail travel, about 26 million people used the Transbay Terminal each year. With the rise of the automobile, this changed the Transbay Terminal to a bus only terminal. The growth of the Bay Area could no longer be supported by this bus-only terminal. Along with the current real estate trends for a community-development approach, the Transbay Transit Center project is not just a transit center, but also new commercial high rises, residential units, retail areas, and parks.

 

To truly understand the magnitude of the project, totaling over 1 million gross square feet, Monique Hawn (Turner Construction) led us to the construction site. Starting on the street level, which will be the retail area and main information center, we could start to understand the vastness of the project which spans 4 city blocks. We toured through the open air bus terminal, throughout the rooftop park, and down to the future rail connection for Caltrain and the high speed rail to Los Angeles. Monique’s tour guiding shed light on how every side of the real estate industry is involved in a project of this magnitude, which is nice for our diverse CREW SF crowd of lawyers, contractors, engineers, construction managers, architects, and sustainability professionals to name a few.

 

Mar 15, 2017
Paint and Sip Evening in San Francisco: Unleash our inner creativity powered together in the female collective energy

 

By Jen Chan, President, White Tiger Condo Conversion 

 

Creation is the doorway to the source of energy and bonding as a collective group is catalyzed and energized. It is the joining with the feminine that the energy which fueled the separation releases and flows back into wholeness. Expressing further into our feminine creative aspect experienced through the heart and what is symbolized in the heart through our art.  Along with good food, nice wine, and nurturing friendships is a meaningful evening well spent.

 

Read more about this in The View.

 

Mar 15, 2017
Achieving the Improbable Dream: Affordable Home Ownership for Millennials

 

By Jen Chan, President, White Tiger Condo Conversion

 

“The New American Dream of home ownership and building wealth is the new evolution to housing.  San Francisco and Bay area are in demand of different alternatives and steps towards market affordable home ownership for first time home buyers and millennials. Education is key and action steps to start from renting housing, to shared ownership, to home ownership – TIC and condo conversion homes are essential to alternative home ownership.”

 

Read more about this in The View.

Dec 08, 2016
Dress for Success Suit Drive: A Big Success

By Lindsey Madison, SIMEON 

 

What better way to start off the Holidays than by giving to those who are in need? At the November 16, 2016 Economic Forecast Luncheon, CREW SF members donated in droves, bringing in suits, shirts, skirts, shoes, handbags and more worth an estimated value of $2,500. The Community Affairs team members volunteered that day to collect, sort and deliver the items to the headquarters at Dress for Success San Francisco (DFSSF).

 

We understand the importance of first impressions and the benefit from dressing the part to feel empowered. DFSSF is a non-profit entity that assists low-income women entering and reentering the work force by securing professional employment attire. Equipped with professional attire, these women are empowered to ace their next job interview. In addition, the women are able to participate in several programs such as employment retention and job training, and access to a career center to suit meet all their professional needs.

 

Since CREW SF is dedicated to empowering women in the commercial real estate industry, we benefit from a community of women and men who help broaden our network and reach. We are honored that through this network we can assist the less fortunate through our various community partners. In our efforts to focus on broadening expanding the CREW community, we feel that now is the time to branch out to a broader community of women and girls who are looking for career mentorship. As we step forward into 2017, Community Affairs will be partnering with the Life Learning Academy to provide young girls with career guidance and create awareness for their teen housing program. We look forward to the community engagement events that will arise from these partnerships and the lives that will be changed from our efforts.

From Left to Right: Charlotte Brook (CB2 Builders), Megan Hemmerle (ARUP), and Lindsey Madison (SIMEON)

Nov 03, 2016
CREW SF Begins Outreach to High-Tech Companies

 

By Denise Yee

 

With so many high-tech companies moving into San Francisco the last few years, CREW SF’s Rising Leaders Committee and Membership Committee are teaming up to plan membership outreach lunch presentations to the women in the real estate department of local tech companies.  Denise Yee, Brand Manager for the Communications Committee, works at Salesforce West building at 50 Fremont and helped to facilitate a CREW SF presentation to Salesforce which took place on October 26th.  Twelve Salesforce employees from different areas of real estate attended the presentation, held in a large conference room with the small tables configured in a U-shape to encourage discussion. 

 

Rising Leaders Committee members, Elaine Chan (JLL), and Kena David (BCCI Construction) narrated a PowerPoint presentation about CREW SF, including statistics about the percentage of members in each real estate profession, and examples of some past events and activities.  Also in attendance were current CREW SF President, Kristin Paul (PGIM Real Estate), and past Presidents:  Frances Choun (McCarthy Building Companies), Elaine Andersson (Bricta Media, LLC) and Laurie Gustafson (Burke, Williams & Sorensen, LLP).  They greatly contributed to the presentation by sharing their own personal experiences of how CREW SF has benefited them, such as making connections which furthered their careers along with the friendships they’ve developed with other members.  It was a very successful and well-received presentation.  The attendees were sent a Membership Brochure and links to upcoming activities and sponsorship opportunities.  A presentation to Google is being planned for early next year. If you are interested in having a presentation to your real estate department on CREW SF, please reach out to Elaine Chan (elainex.chan@am.jll.com) Co-Chair of our Membership Committee. 

 

Sep 29, 2016
High Spirits & Legacy Bars

 

Over the last 40 years, San Francisco has transitioned from the Summer of Love to the center of tech. Yet over the same period, certain neighborhood establishments have managed to stay relevant even as the city changes drastically around them. To learn how San Francisco’s legacy bars offer cultural continuity in an ever-changing city, CREW SF’s Rising Leaders committee invited the San Francisco Chronicle’s real estate reporter, J.K. Dineen, to share stories from his book, “High Spirits: The Legacy Bars of San Francisco.”

 

First things first: “High Spirits” is not a guidebook on where to get wasted in San Francisco (sorry!). Rather, it’s an anthropological study of the city as viewed through the bars recognized by San Francisco Heritage for significant historic and cultural value.

 

Dineen’s talk ranged from architecture and history to stories of owners taking shots of ouzo and regulars drinking with their dead cats in tow. While entertaining, the funny stories contained an undertone of sadness; the older crowd that Dineen got to know while writing “High Spirits” had been largely pushed out by San Francisco’s soaring cost of living, and several of the bars closed while the book was being written. Dineen believes that this trend is sad but inevitable; as the cost of land and rent rises, landlords lease to new tenants who can keep up with market rates and old tenants are forced to close shop.

 

While we may be losing a sense of community and a non-traditional venue for history and culture, Dineen paid homage to San Francisco for fighting harder than many other cities to preserve legacy bars.


The talk was followed by appetizers, drinks, book signing, and networking.

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