Urban Green Investments
Urban Green Investments, Positioned for Real Estate Opportunity
Real Estate investment and development firm, Urban Green Investments is the work of established executives David McCloskey, Tom McCloskey, and Peter Lynch. Coming from a diverse range of business backgrounds in the real estate and financial industries, these three individuals have served as the heads of the investment firm since they founded the San Francisco-based company in 2008. The leadership team at Urban Green Investments has more than 160 years of collective experience, representing a vast reserve of knowledge of real estate markets, an extensive network of financial and development partners, and a broad operational skill set.
The Urban Green portfolio spans across several vibrant cities around the nation. Mainly invested in California’s San Francisco Bay Area, the firm also oversees properties elsewhere in the state, as well as in New York City and Texas. The company is open to expanding into select urban markets as compelling investment opportunities present themselves. The firm both directly invests in projects and works alongside other accredited investors and institutional funds.
Urban Green Investments generally focuses on value-add properties that are arguably too complex for smaller investment groups, but too small for larger institutional investors. As such, the company is well positioned to execute its business strategies in its chosen markets. The majority of the firm’s portfolio consists of projects in boutique office, multifamily residence, and in-fill land development platforms.
Upon acquisition, Urban Green Investments assets undergo a vigorous and rapid value-add process. This may include capital improvements, operational corrections, and a variety of other strategies depending upon the specific investment objectives for each asset. Moreover, throughout a project’s progress, the principals at Urban Green play a significant hands-on role from inception to exit.
Oakland Continues to Draw Commercial, Residential Redevelopment
In close proximity to San Francisco and offering more affordable housing than its neighbor, the city of Oakland thrives as a hot spot for commercial and retail development. Many investors are focusing on redevelopment, as old buildings are being renovated and transformed into energy-efficient, modern spaces. Tech companies unwilling to pay high prices in San Francisco have led the way into Oakland, and the Bay Area suburb continues to see increased office space, living space, and job opportunities.
Recent projects in Oakland include a $25 million refurbishment of a 300,000-square-foot former Sears store in Uptown Oakland, which will be transformed into creative office space for technology and solar energy firms. The property will provide direct access to the BART, a highly desired amenity. Additionally, Urban Green Investments worked with CrowdStreet to buy and renovate a 24,000-square-foot office building on Franklin, one block from a BART station and near Kaiser Permanente and Pandora, two of Oakland’s largest employers.