Luncheon - How BIDs and CBDs Impact San Francisco's CRE Market

September 18, 2019
Written by: Mindy Ginsburg
Event Highlight – Real Estate Luncheon (6/19) – “How BIDs and CBDs Impact San Francisco’s CRE Market”

CREW SF members had the exciting opportunity to hear from industry experts, Karin Flood, Cathy Maupin, and Andrew Robinson, at the CREW SF Real Estate Luncheon on June 19th. Flood, Maupin, and Robinson each oversee a specific Business Improvement District (“BID”) or Community Benefit District (“CBD”) within San Francisco and shared the steps they are taking to positively impact three neighborhoods we enjoy every day: Union Square, Yerba Buena, and “The East Cut” which includes Rincon Hill and the Transbay. CREW SF member Lisa Zahner, Director of Retail Leasing at Urban Group Real Estate, moderated the discussion.

BIDs and CBDs are public/private partnerships between the City and local communities that strive to improve the quality of life for residents, workers, and visitors within a specific neighborhood or district. Once an area has been established as a BID or CBD, local property owners within that area are levied a special assessment which is then used to fund various improvements and initiatives to their neighborhood. These initiatives may include, for example, beautification and maintenance efforts, heightened security services, homeless outreach programs, and even fun local events tailored to their community. Visit https://oewd.org/community-benefit-districts to learn more about the various BIDs and CBDs in San Francisco!

Special thanks to Liz Thelen-Torres of the CREW SF Programs Committee for organizing this successful event.