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 in the past five years, and more than 500 Unlawful Detainers in the last ten years.
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.