William J. Rosetti
William J. Rosetti is associated with over one hundred companies, LLCs and speculative real estate partnerships across the San Francisco Bay Area. Partnering with other large property holders such as Christine Davis of Baltic Property Ventures, Frederick O. Lewis of California Affordable Housing Group LLC and the Robert E. Faussner Trust, Rosetti's shell companies are associated with over 4000 eviction notices in Alameda County between 2010 and 2015, and more than 500 Unlawful Detainers between 2005 and 2015.
As described on one of his company websites, Bill was “at the forefront of the condominium conversion business in San Francisco in the 1970's and 1980's,” acquiring dozens of multi-family buildings comprising thousands of units for condo conversion, before San Francisco regulated the conversions in 1979 to stem the tide of rental unit loss and tenant displacement.
As a Board Member of SPUR, and a Founding Member of the "Jobs and Housing Coalition," Rosetti understands how to influence policy to increaseprofits, with Oakland as the current site of wealth extraction for Rosetti and associates. Sitting on Oakland Mayor Libby Schaaf’s “Housing Cabinet” and wearing different hats for various working groups which advise on housing policy and implementation, Rosetti apparently provides a service to other property holders seeking to “upgrade” their properties and profits, while receiving tax advantage and tax avoidance.
Number of Eviction Notices in Oakland by companies associated with William Rosetti
numbers based on Oakland Rent Board Data (2008, 2011-2016)
J & R Land and Cattle Company 967
2232 Seminary LLC 490
2000 East 30th Street LLC 423
WESTPARK II (Associated with Faussner Trust) 470
BALTIC PROPERTY VENTURES IV LLC 349
1948 EAST 29TH STREET LLC 254
WEST PARK APARTMENTS LLC 202
301 EAST OKEEFE LLC 126
KINGSTON ASSOCIATES LP (Rosetti and Baltic) 111
366 BELLEVUE LLC 106
685 SCOFIELD LLC 106
115 MOSS AVENUE LLC 102
1627 HIGH STREET LLC 84
CA AFFORDABLE HOUSING GROUP LLC 67
301 LENOX LLC 52
2228 UNION STREET INVESTORS 43
3025 PARK BLVD LLC 48
KINGSTON ASSOCIATES II LLC 21
BANCROFT ROW LLC 15
KINGSTON ASSOCIATES LP & 2031 EUCLID GP 9
1948 EAST 29TH STREET LLC & SCHUBERTH MAUREEN ETAL 7
314 PERKINS STREET LLC 4
685 SCOFIELD LLC & CAPITOL & COOLEY LLC 3
Oak Fund LLC 3
1707 36TH LLC 3
290 Lee Street LLC 2
1551 MADISON LLC 1
Advisory and Executive Positions:
Member, Oakland Mayor Schaff's Housing Cabinet
Board Member, SPUR - San Francisco Planning and Urban Renewal Association
Founding Member, Jobs and Housing Coalition
Founding Member and Board Member, Coalition for Better Housing
Founding Member and Board Member, Bank of San Francisco
Co-Founder, CRC Development
Founder, TRI Realtors
PROPERTY:
Alameda County:
77 Fairmount Ave (SUBDIVIDED)
670 Vernon St (SUBDIVIDED)
66 Fairmount Ave (SUBDIVIDED)
6537 Flanders Dr, Newark
633 Alma Ave
62 Fairmount Ave
590 El Dorado Ave
55 Fairmount Ave (SUBDIVIDED)
5040 Melrose Ave
4119 Manila Ave
407 Fairmount Ave
404 Cornell Ave, Albany
3835 Bayo St
323 Monte Vista Ave
2628 75 Ave
2616 Dana St, Berkeley
2050 E 30 St
19350 Clement Dr, Castro Valley
1462 86 Ave
127 Bayo Vista Ave #107
115 Moss Ave
1 Kelton Ct (SUBDIVIDED)
22736 4 St, Hayward
San Francisco:
729 Jones St (SUBDIVIDED)
2224-2230 Union St
527 32 Ave
150 El Camino Del Mar
1 18th Avenue
115 Mission Drive, East Palo Alto
Miller Mesa Ranch/ J&R Ranch, Ouray County Colorado
445 East O'Keefe Street, East Palo Alto
"When I first moved into this apartment rent was only $900.00 dollars. I have lived here for 3 years and management has raised my rent four times. I now pay $1300.00 for a one bedroom apartment, not only that every apartment in this building has roaches in it. I have a 1 year old baby boy and I do not recommend these apartments for anyone."
"Currently 14 properties throughout the City of Oakland qualify for Section 236 tax exemptions. Of those 14 properties, four medium-to-large sized buildings utilize the model presented in this proposal involving an affordable housing nonprofit as the lessee. This arrangement was pioneered for the first time in the city in 2011 by Oakland developer Bill Rossetti and Tom Seaman, Executive Director of Coldbrook Foundation, an affordable housing nonprofit. Bill Rosetti was in the process of estate planning and Section 236 offered him the opportunity to avoid facing capital gains taxes in the event that he or his inheritors were to sell his properties. In addition, it provided a mechanism to maintain ownership of the buildings without assuming the day-to-day management responsibilities of them. Finally, it fulfilled a personal sense of social responsibility to provide workforce housing (defined as 60-80% AMI) in the city of Oakland. To date, these properties provide a total of approximately 200 units of affordable housing in the city.
Upon learning of the unique arrangement made between Mr. Rosetti and Mr. Seaman, the newly elected Mayor of Oakland, Libby Schaaf, wanted to explore whether the model could be expanded citywide. By converting naturally occurring affordable housing or rent-controlled properties to long-term affordable housing, Section 236 offers one potential way of preserving workforce housing and stemming the impacts of the housing affordability crisis. This option is highly appealing, especially considering that the lifecycle costs of new construction of affordable housing has been estimated to be approximately $40,000 to $71,000 (25 to 45 percent) higher per unit than those of acquisition-rehab properties "
Health and Housing Affordability in Oakland in the post-Redevelopment Era: Evaluating RTC Section 236 as a promotive policy tool. AReport Prepared by Hanna Hamilton for the City of Oakland - Office of the Mayor
Associated Companies and LLCs
J&R Land & Cattle Co. L.P.
J& R Associates
Crc Development LLC
Rosecapp, LLC
Martina Investments, LLC
Westpark Ii (Faussner trust)
Pelton Environmental, LLC
1948 East 29th Street L.P.
East 29th Street LLC
29th Street Cove Partners Lp
Fb LLC
29th Street Capital Commercial Lp
TRI Real Estate
Tri Realtors
Tri, The Realty Investment Company
Tri Equities, Inc.
Tri Development Ltd. No. One
Tri Development Ltd #1
Tri Acceptance Corporation
Tri Residential Marketing Services
R&R-A, A California Limited Partnership
R&R-B, A California Limited Partnership
R&R-C, A California Limited Partnership
R&R-D, A California Limited Partnership
R&R-E, A California Limited Partnership
77 Fairmount LLC
55 Fairmount LLC
66 Fairmount LLC
460 Crescent LLC
1470 Alice LLC
315 Wayne LLC
430 Vernon Lp
366 Bellevue LLC
115 Moss Avenue LLC
314 Perkins Street LLC
290 Lee Street LLC
6640 Macarthur LLC
1627 High Street LLC
66 Sessanta Sei, LLC
Bickel Ranch LLC
590 El Dorado LLC
685 Schofield LLC
Oak Fund LLC
Kingston Associates Lp
Cherry Conservation Preserve, LLC
Miller Mesa, LLC
633 Alma Avenue LLC
522-532 20th Street Gp, LLC
125 Moss Avenue Homeowners' Association
Occhiffio LLC
North Fair Oaks, Ltd., A California Limited Partnership
281 Macarthur, LLC
Urban Partners, Inc.
Muir Valley Land Company
The Gables, Inc.
Westport Land Company
Southview Properties, Incorporated
Cow Hollow Land Company
1452-1454 Waller Street Homeowners' Association, Inc.
L.B.I.T., Inc.
The Timbers Association
Kirrose, LLC
Hyde Street Investors, L.P.
Hyde Street Investors II, LLC
Bay Business Park, LLC
66 Investors, LLC
Valley View Development LLC
407 Fairmount LLC
Hyde Street Investors, A California Limited Partnership
872 Runnymede LLC
2000 36th Avenue LLC
320 East O'Keefe LLC
Kingston Associates II, LLC
Sjv LLC
Cen-Towers Associates, A California Limited Partnership
685 Scofield LLC
Kingston Associates III, LLC
Capitol & Cooley LLC
Kingston Associates, LLC
Park Central Associates II Lp
Lm Fund Lp
Eb Fund I LLC
El Dorado West Development Co
West Co Inc
Fairmount West Development Co Inc
Rosetti William J Trust
Crescent West Development Co
Capitol & Cooley LLC & Groleau Normand A Etal
Ouray Partners LLC
Daniel Winkler & Associates
Smith Ranch Senior Homes
"Rescues"
International Tower, Long Beach, CA: 380 unit residential tower acquired by CRC's principals, converted to condominiums and sold in the mid-1980's; a joint venture with Perini Corp.
San Francisco Condos, San Francisco, CA: Beginning in the 1970's, dozens of multifamily buildings comprised of over 1,500 units, acquired by CRC's principals, converted to condominiums and sold.
Adams Point, Oakland, CA: Five multifamily buildings comprised of 320 units converted to condominiums and sold in the mid-2000's
Strand Theater Building, Oakland, CA: 10,500 square foot former theater building converted into three commercial and three live-work loft condominiums in 2012 and sold.
San Pablo Ave, Oakland, CA: After acquiring this partially bank-owned condominium project in 2013, CRC guided the remaining unsold units through the Bureau of Real Estate recertifcation process and sold the units.
Development
250 17th Street, Oakland
Located in Oakland's Lake Merritt neighborhood on the corner of 17th and Alice Streets, CRC acquired this former office and day care property in Decmeber 2014. CRC obtained Planning entitlements for the property for 70 residential units and then resold the property to a larger developer in 2015, providing substantial returns to investors.
528 Thomas L. Berkley Way
Located in Oakland's Uptown neighborhood, when completed in early 2017 528 Thomas L. Berkley Way will be comprised of 24 residential units and 1 ground-floor live/work unit.
This five-story wood frame over concrete podium building will include large units, premium finishes, private decks and patios, washer-dryer in each unit, parking, a large rooftop common area, and a solar power component.
Across the street from Uber's future headquarters at Uptown Station, other conveniences include a short walk to BART, the Fox Theater, Downtown, Lake Merritt, as well as all of the local nightlife and restaurants.