Market Map: 4 Trends In Oakland Real Estate Deals

Law360 (October 26, 2015) Oakland, California's already bubbly real estate market recently got an extra boost from Uber's $123 million decision to plant stakes there — the latest investment to drop into the market as property players face economic and regulatory headwinds in nearby San Francisco. “Oakland is becoming more and more desirable as spaces fill up in San Francisco. People need somewhere to go, and Oakland is right across the Bay,” said Crystal Lofing, an Allen Matkins Leck Gamble Mallory & Natsis LLP real estate attorney who recently advised Strada Investment Group in a $115 million office sale in the area. “My understanding is it's easier to develop in Oakland as far as permitting and zoning,” Lofing said, noting that the area is not subject to Prop M, a 1985 law that puts a hard cap on how much new development is allowed to take place in the city every year.