East Bay Citizen: Alameda Retains Management Firm At Former Naval Station; Deals Blow To Tagami, November 7, 2013


ALAMEDA CITY COUNCIL//ALAMEDA POINT | Incumbency won over potential as the principal
property management firm of the past 11 years was chosen by the Alameda City Council to continue transforming Alameda Point from Naval ghost town to one of the region’s most exciting and lucrative development projects. The unanimous decision handed a setback to the losing bidder, Oakland-based developer Phil Tagami.

The winning bid by PM Realty Group beat out an attempt by Tagami’s California Capital & Investment Group (CCIG) to control leasing and property management duties at Alameda Point. CCIG is currently developing the nearby $1.2 billion Oakland Global project at the former Oakland Army Base, which broke ground last week.