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  SEPTEMBER 2016

President's Message

As the Fall season approaches, many of us are anticipating the falling of leaves, pulling scarves and boots out of storage, and pumpkin spice lattes.  BOMA Silicon Valley has enjoyed a busy and fruitful year so far. 

Looking ahead to 2017, we are delighted to welcome our new slate for next year's Board of Directors, who will be installed at our upcoming October 21st Celebration of Commercial Real Estate Awards luncheon:

President:  Olga Ornelas, General Manager, Swift Real Estate Partners
Vice President: Tiffany Lauchlan, General Manager, JLL
Secretary: LaToya Ross, Property Manager, Hudson Pacific Properties
Treasurer: Noreen Gillespie, Property Manager, Embarcadero Realty Services LP
Immediate Past President: Rebecca Barnes, Sr. Property Manager, Cushman & Wakefield
Associate Representative: Christian Pellecchia, Slatter Construction

Directors:
Anna Mcquillan Rose, Vice President/Broker Associate, Transwestern
Gizelle Lamb, Senior Property Manager, J.T. Wakimoto Management                          
Randy Shuayto,  Property Manager for JLL                  
Jonathan Leder, Building Site Manager, Oracle
Jennifer Mauro, Senior Property Manager, Swift Real Estate Partners

Our quarterly luncheon earlier this month was an exciting and informative program featuring Nathan Donato-Weinstein. (See the article on the luncheon and pictures below.)  Carl Guardino, CEO of the Silicon Valley Leadership Group shared a compelling presentation in support of November's ballot Measure B, the traffic relief and road repair initiative.  We hope you will join BOMA SV in support of this much-needed measure to improve traffic and road conditions throughout Santa Clara County.

Are you feeling lucky?  It's a sure bet that we are in for a good time at the Casino Royale Mixer on October 6th.  Please mark your calendars and join us at Therma Corporation for an evening of roulette, black jack, and craps.  

As we finish out the 3rd quarter of 2016, it's clear that the year will be ending before we know it!  We are looking forward to our Celebration of Commercial Real Estate Awards event.  I look forward to seeing you all at this wonderful luncheon on October 21st, as we celebrate our TOBY entrants, scholarship and dues grant awardees, and our outstanding volunteers.

BOMA September Luncheon
The Scoop on What's Hot, What's Not, and What's Next

Over 150 BOMA members and guests gathered on September 15 for an exciting program on projects, CRE market statistics and other "scoops" on our industry from former Silicon Valley Business Journal  Senior Real Estate Reporter and current San Jose Office of Economic Development Business Development Officer, Nathan Donato-Weinstein.

Carl Guardino, President & CEO of the Silicon Valley Leadership Group was also on hand to give a briefing on this November's ballot Measure B, the traffic relief and road repair initiative.  (For more information on the initiative, see the "Election Issues" article below and click here for a copy of the Measure B PowerPoint presentation.)

Election Issues: Focus on Measure B

BOMA would like to provide our members with information about one of the local ballot measures on the November ballot, focused on transportation and traffic congestion: Measure B in Santa Clara County.

We often hear about your commute experiences here in Silicon Valley. It doesn't matter where our members live, we​ regularly receive your feedback about how poor traffic conditions have become in recent years. In fact, congestion on Silicon Valley freeways alone has increased 40 percent since 2010.

Whether or not you vote in this election, or vote "yes" or "no" on Measure B, is entirely up to you. We hope this information will assist you as you do your own research for Election Day.

If Measure B passes, it is expected to raise $6.5 Billion over 30 years in local funds, which should attract roughly $3.5 billion in matching funds from regional, state and federal sources. It is intentionally "a specific tax" (with the higher vote threshold of 66.67% vote required), as that is the only way the funds are protected and guaranteed to be directed toward the specific traffic relief projects described in the measure language.

The official 75-word ballot statement that you will see in the voting booth on Measure B is in bold below.

To relieve traffic, repair potholes; shall VTA enact a 30-year half-cent sales tax to:

  • Repair streets, fix potholes in all 15 cities;
  • Finish BART extension to downtown San Jose, Santa Clara;
  • Improve bicycle/pedestrian safety, especially near schools;
  • Increase Caltrain capacity, easing highway congestion, improving safety at crossings;
  • Relieve traffic on all 9 expressways, key highway interchanges;
  • Enhance transit for seniors, students, disabled;

Mandating annual audits by independent citizens watchdog committee to ensure accountability. 

Click here for more information on Measure B.

Better, Safer Buildings – Risks and Rewards – Who Pays? Who Benefits?

Holistic Building Upgrades for Seismic Safety and Resource Efficiency

BOMA Silicon Valley has joined with other community partners to support this informative program on October 13 at the GSVlabs Conference Center in Redwood City.  Click here for more details and to register.  General admission is only $12 for this 3 hour evening forum.

Would you like the buildings you own, manage and work in to be safe, healthy, efficient and up to date?

Why not address multiple goals with one upgrade process?

  • Seismic: Are you prepared for the next major quake?
  • Health: How can a building improve employee performance, health and happiness?
  • Efficiency: Save energy and water; capture and reuse storm and waste water
  • Renewable Energy: Produce and store clean power and charge electric vehicles

How can I pay for this?  Learn about financing options, including commercial PACE and green loans. Projects can have net neutral or even positive cash flow.

Expert Speakers:

  • Joe Euphrat, CleanFund Commercial PACE Capital
  • Lauryn Agnew, Bay Area Impact Investing Initiative
  • Phu Nguyen, Minerva Silicon Valley's Turnkey Upgrade Program
  • Jason Krolicki, ARUP

New Members And New Companies

Jessica Atkins
New Image Landscaping

Cynthia Cervantes
SteelWave, Inc.

Michelle Simmons
The Sobrato Organization

Steve Woods
Technical Builders

Judith Sayler
Gordon Prill, Inc.

Matt Ybarra
Baker's Floor and Surface

Boris Erlikh
ServiceMaster Recovery