Bay Area

Holy Names University Hires Real Estate Firm to Sell Campus for High-End Housing

Leaving many students, faculty and Oakland residents feeling betrayed, Holy Names University’s leadership is aggressively moving ahead with plans to sell the 60-acre campus in the Oakland hills for high-end private residences and have not been willing to work with city leaders and other universities that are reaching out to save the site as a center for higher education.

Published

1 year ago

March 22, 2023

Oakland Post

Ad created by CBRE Marketing.

By Ken Epstein

In a reply to a recent letter to Vice Mayor Rebecca Kaplan, Jeanine Hawk, HNU’s vice president for finance and administration, wrote that HNU has already placed the property on the market through real estate broker, Mike Taquino at CBRE marketing, to market the property and is already distributing marketing materials offering the campus for sale.

Responding to Kaplan’s offer to collaborate with HNU to save the campus for educational purposes, Hawk replied, “At this point it is unclear to HNU how the City of Oakland can assist with the process of achieving the objectives of obtaining the highest and best use of the HNU property for public good.”.

“Nevertheless, if the city is aware of any interested acquirer or successor entity, please provide that information to Mike Taquino or to me,” she wrote.

She added that HNU had sent letters to Historically Black Colleges and Universities (HBCUs) so see if they might be interested in establishing a campus on the West Coast.

The CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm. The term “highest and best use” is used in the real estate industry as expression of seeking to sell a property for its highest possible value.

Hawk did not mention the universities that have expressed interest in collaborating with Holy Names nor the university’s lender, Preston Hollow, which has also offered to find solutions other than selling the campus to a real estate developer.

Campus leaders at Holy Names and members of the Oakland community were stunned by the announcement of HNU’s latest moves to dispose of the campus,

“It’s too bad I don’t believe my own rhetoric sometimes,” said activist and scholar, Kitty Kelly Epstein. “I’ve been saying for some months that it seemed like the chair of the Holy Names Board was actually trying to sell the campus to real estate developers, and that’s why he refused to meet with any of the elected officials and city leaders who have offered help in keeping Holy Names open as a college campus.

“So – guess what? Now the marketing materials are out to sell the campus, while our trusting students, many from Oakland, are tossed out with hundreds of thousands of dollars of debt and no college degree. It’s more evil than even a suspicious person like me can wrap my mind around.”

“I’m shocked,” said a HNU faculty member when hearing the news about the real estate developer.

A Holy Names student leader said, “Students are furious. They are afraid that Holy Names will be sold to a private developer.”

Said Councilmember Carroll Fife, “As an alumnus of Holy Names University, I am deeply disappointed the administration refuses to work with city leaders to ensure the campus can continue to be an important resource for Oakland but insists on selling the campus for maximum profit. I’m most concerned for students and faculty. I hope Oakland residents will make it clear that preserving this campus for generations of future students is more important than enriching a developer.”

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Oakland Post: Week of April 24 – 30, 2024

The printed Weekly Edition of the Oakland Post: Week of April 24 – 30, 2024

Published

20 hours ago

April 26, 2024

Oakland Post

To enlarge your view of this issue, use the slider, magnifying glass icon or full page icon in the lower right corner of the browser window.

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Alameda County

DA Pamela Price Stands by Mom Who Lost Son to Gun Violence in Oakland

Last week, The Post published a photo showing Alameda County District Attorney Pamela Price with Carol Jones, whose son, Patrick DeMarco Scott, was gunned down by an unknown assailant in 2018.

Published

5 days ago

April 22, 2024

Oakland Post

District Attorney Pamela Price with Carol Jones

Publisher’s note: Last week, The Post published a photo showing Alameda County District Attorney Pamela Price with Carol Jones, whose son, Patrick DeMarco Scott, was gunned down by an unknown assailant in 2018. The photo was too small for readers to see where the women were and what they were doing. Here we show Price and Jones as they complete a walk in memory of Scott. For more information and to contribute, please contact Carol Jones at 510-978-5517 at morefoundation.help@gmail.com. Courtesy photo.

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Bay Area

State Controller Malia Cohen Keynote Speaker at S.F. Wealth Conference

California State Controller Malia Cohen delivered the keynote speech to over 50 business women at the Black Wealth Brunch held on March 28 at the War Memorial and Performing Arts Center at 301 Van Ness Ave. in San Francisco. The Enterprising Women Networking SF Chapter of the American Business Women’s Association (ABWA) hosted the Green Room event to launch its platform designed to close the racial wealth gap in Black and Brown communities.

Published

6 days ago

April 20, 2024

Oakland Post

American Business Women’s Association Vice President Velma Landers, left, with California State Controller Malia Cohen (center), and ABWA President LaRonda Smith at the Enterprising Women Networking SF Chapter of the ABWA at the Black Wealth Brunch.

By Carla Thomas

The Enterprising Women Networking SF Chapter of the American Business Women’s Association (ABWA) hosted the Green Room event to launch its platform designed to close the racial wealth gap in Black and Brown communities.

“Our goal is to educate Black and Brown families in the masses about financial wellness, wealth building, and how to protect and preserve wealth,” said ABWA San Francisco Chapter President LaRonda Smith.

ABWA’s mission is to bring together businesswomen of diverse occupations and provide opportunities for them to help themselves and others grow personally and professionally through leadership, education, networking support, and national recognition.

“This day is about recognizing influential women, hearing from an accomplished woman as our keynote speaker and allowing women to come together as powerful people,” said ABWA SF Chapter Vice President Velma Landers.

More than 60 attendees dined on the culinary delights of Chef Sharon Lee of The Spot catering, which included a full soul food brunch of skewered shrimp, chicken, blackened salmon, and mac and cheese.

Cohen discussed the many economic disparities women and people of color face. From pay equity to financial literacy, Cohen shared not only statistics, but was excited about a new solution in motion which entailed partnering with Californians for Financial Education.

“I want everyone to reach their full potential,” she said. “Just a few weeks ago in Sacramento, I partnered with an organization, Californians for Financial Education.

“We gathered 990 signatures and submitted it to the [California] Secretary of State to get an initiative on the ballot that guarantees personal finance courses for every public school kid in the state of California.

“Every California student deserves an equal opportunity to learn about filing taxes, interest rates, budgets, and understanding the impact of credit scores. The way we begin to do that is to teach it,” Cohen said.

By equipping students with information, Cohen hopes to close the financial wealth gap, and give everyone an opportunity to reach their full financial potential. “They have to first be equipped with the information and education is the key. Then all we need are opportunities to step into spaces and places of power.”

Cohen went on to share that in her own upbringing, she was not guided on financial principles that could jump start her finances. “Communities of color don’t have the same information and I don’t know about you, but I did not grow up listening to my parents discussing their assets, their investments, and diversifying their portfolio. This is the kind of nomenclature and language we are trying to introduce to our future generations so we can pivot from a life of poverty so we can pivot away and never return to poverty.”

Cohen urged audience members to pass the initiative on the November 2024 ballot.

“When we come together as women, uplift women, and support women, we all win. By networking and learning together, we can continue to build generational wealth,” said Landers. “Passing a powerful initiative will ensure the next generation of California students will be empowered to make more informed financial decisions, decisions that will last them a lifetime.”