NAIOP San Francisco Bay Area Chapter Announces 2017 Best of the Bay Award Winners

Premiere Commercial Real Estate Development Association Honors Top Deal Makers at Lively Signature Event

San Francisco (February 22, 2017) –NAIOP San Francisco Bay Area Chapter, the commercial real estate development association has announced the big winners from their 5th Annual Best of the Bay Awards celebration, which was held Wednesday, February 15, 2017 at the Four Seasons in San Francisco. The event featured the ever-entertaining Luis Belmonte, Partner with Seven Hills Properties and legendary co-founder of AMB Property Company, in his fourth stint as Master of Ceremonies.

A unique and action-packed real estate awards competition, Best of the Bay honors winners for the creativity of their pitches in equal weight to the merits of their deals in a wide variety of categories. The event features real-time voting by the audience and nominees delivering clever appeals designed to get laughs in addition to votes. Belmonte, well known for his comic prowess, provides witty commentary and bangs a gong to stop nominees who drone on harkening back to the late 70’s and the TV comedy series, The Gong Show.

Tom Nishioka stole the show and the award for Best Investment Transaction in San Francisco with a rousing pitch to the tune of Bon Jovi’s smash hit Dead or Alive. Much to attendees’ surprise, when the category was called Nishioka pulled his electric guitar out from under his table, jumped onto his chair and started belting out his hilarious lyrics which chronicled the story of Thor’s 2008 acquisition of the famed Phelan Building at 760 Market Street and the often challenging journey to get through the recession, transform the 298,124 square foot asset into sought after creative space, and, with the help of Cushman and Wakefield, re-lease and ultimately sell it to HNW for $1,255 per square foot. Nishioka’s musical performance was almost as impressive as the deal itself, however, rumor has it he will be keeping his day job.

Jay Paul Company won the coveted Office Development of the Year with their stunning 181 Fremont project. Matt Lituchy, Chief Investment Officer at Jay Paul, gave a persuasive pitch highlighting the many impressive merits of the deal including its inherent sexiness. The striking 70-story tower features an iconic design distinguished by its angled top and diagonal bracing and includes +/- 435,000 square feet of Class A office space, 67 luxury residential units, pre-certified LEED Platinum, connection to 5.4 acre Transbay Park via a 7th floor sky bridge and a foundation drilled 260 feet into bedrock.

As always, competition was stiff again this year in the Developing Leader of the Year category. Shane Gilroy, Associate Director at Harvest Properties, took home the priced trophy. The previous year’s Developing Leader of the Year, Kathryn Collins delivered a fun pitch highlighting his many differentiating attributes including the fact that he is a “ginger”. She positioned Gilroy, who joined the Harvest team in May 2012, as a versatile “utility player” touting his exceptionally broad experience, which already includes acquisitions, repositioning, leasing, joint venture structuring, financing, and dispositions.
Other winners include:

Best Lease Transaction – Peninsula: Broadway Station
Best Investment Transaction – Peninsula: Landing at Oyster Point
Multi-Family Development of the Year: Parker, Downtown Berkeley
Best Lease Transaction – East Bay: Wells Fargo at Concord Tech
Best Investment Transaction – East Bay: 2120 University Ave., Berkeley
Multi-Family Transaction of the Year: Woodland Park
Industrial Development of the Year: Prologs Pinole Point Business Park
Best Lease Transaction – San Francisco: Adobe at 100 Hooper

NAIOP San Francisco Bay Area Chapter, the Commercial Real Estate Development Association, is the leading organization for commercial real estate developers, owners and related professionals in office, industrial and mixed-use real estate. The San Francisco Bay Area Chapter was founded in 1977 (originally as the Northern California Chapter) and today serves eight of the nine Bay Area Counties; San Francisco, Alameda, Contra Costa, Marin, Sonoma, Napa, San Mateo and Solano. The Chapter’s membership is comprised of the Bay Area’s leading owner/developers and a wide variety of service providers.

West Coast Commercial Real Estate News