October 2022
Our diversification into real estate development did not happen by chance. Understanding the risks inherent in the construction industry, we strategically decided to diversify into real estate development. As a result, we incorporated Circa ’26, Inc., in 2014.
This diversification accomplished several goals:
- Safeguard assets away from construction
- Diversify income stream in an industry different than construction, yet not too far removed from our construction expertise
- Provide work to our construction entities to help better provide continuity of projects and earnings to our workforce.
Since its inception, Circa ’26 has received $52.3 million in capital investments indirectly funded from McGuire and Hester earnings that were distributed to our Holding company Harbor Linx, Inc., and then reinvested in Circa ’26.
Circa ’26 has earned an additional $12.1 million from real estate development and rental income since its inception.
The following properties are the real estate holdings that Circa ’26 currently owns and is actively managing and/or developing.
Investment in 665 Whitney EDP, LLC
24,254 sf free-standing building on a .78 AC parcel in San Leandro was purchased for $4.7 million. Circa ’26 owns 90% of this development. Features include 600 Amps, 480V electrical service, 20’ – 22’ clear height, 15 off-street parking spaces, two grade-level loading doors, sprinklers, and a new roof in 2021. $1.8m of Construction rehab work started in Oct. 2022 and will include 4,862 sf of new office space, 600 AMPS, and 480V Electrical service.
Construction of improvements to this property started in October 2022.
Investment in Prescott West Oakland EDP, LLC
An LLC was formed to purchase several properties in West Oakland. Circa ’26 owns 77.8% of the following lots, all within a block of each other.
- 18th and Campbell Oakland, 43,760 sf, 1.54 acres. Acquisition closed for $7,000,591.
- 1800-1809 Peralta Oakland, 29,882 sf. Acquisition closed
- 1733 Peralta Oakland, 9,446 sf. closed in April 2020
- 1917 – 1933 Peralta Oakland, 36,989 sf. closed in April 2020
Looking for a replacement property for a trucker who owns under 1 AC right in the middle of this project.
Property for swap was found, and the acquisition of 3rd and Adeline was completed in August 2022. A swap will occur once construction rehab work is complete. The expected transfer is to occur sometime in Q3 2023.
Investment in Pittsburg RV & Boat Storage, LLC
Circa ’26 purchased and has a controlling interest of 92.5% of 12.51 acres of raw land at 2625 Pittsburg Antioch Hwy, Pittsburg. The completed property will have a sales office, wash station, propane supply, vacuum station, and approx. 300 solar-covered RV and Boat storage units. Solar panels generating 3 Megawatt of electricity will be used for the covered parking that will be sold to PG&E over a 20-year power purchase agreement. Rents will be $250 – $350/ month, depending on size.
Investment in 8 Bar Ranch, LLC
This property is located outside of Graeagle, CA. Highlights included a 3,240sf stable, a 2,826sf equestrian pavilion, a 2,792sf shop, a caretakers’ cottage, two wine caves, 16,350sf three-story lodge, a 5,512sf bunkhouse, a 1,536sf carriage house, 8 residential lots in Whitehawk HOA, 4 residential lots in Mohawk HOA, airplane hangar at local small craft airfield and many other amenities, including a year-round spring that irrigates the property’s ponds and landscape all on 587 acres.
The exit strategy is to sell the property by 2026. In the meantime, the pasture has been leased out for cattle, the airplane hangar leased to an EMR helicopter, and the main property is being used for business development with clients, employee training, and third-party rental.
Ford Training Facility, 2185 Elkins Way, Brentwood CA
Circa ’26 owns 100% of this 2.5-acre property. Highlights include 9,231 sf industrial office and shop building. 1.5 acres paved and gated yard area and bonus 1-acre future development site. Ford Motor Company is the tenant and uses the property as a showcase West regional training facility for Ford technicians.
Company Headquarters, 2810 Harbor Bay Pkwy, Alameda CA
Circa ’26 owns 100% of this owner-occupied 22,868 sf office building. This is the headquarters for Harbor Linx, McGuire and Hester, and Circa ’26. Highlights of the building include a large training room, break room, outside social area, large conference rooms, and a beautiful two-floor open-air lobby.
