Experience

Beacon Group Ventures is a real-estate operating company whose mission is threefold:

  • Manage and grow a portfolio of privately owned commercial property investments.
  • Serve in an Operating Partner capacity where our competencies offer our equity partners uniquely compelling value.
  • Plan and implement strategies that optimize the value of commercial real estate users’ holdings.

Since 1982 Scott Newman (Principal) has been involved at a senior level with some of the most respected names in the Northern California commercial real estate business. The founding of Beacon Group Ventures was a key milestone in the realization of his ultimate professional objective. Beacon Group Ventures reflects Scott’s personal approach to real estate ownership, development and management wherein he brings the knowledge, key relationships and experience he has gained during his career to the business of providing optimal facilities to users of commercial real-estate and compelling returns to investors.

EXPERIENCE/REPRESENTATIVE PROJECTS

 

Ascend Communications/Lucent Technologies, Alameda, CA (Phase I)

  • Strategic planning, site selection, development/construction management and financing.
  • Developed a six-building, 385,000-square-foot, headquarters campus working with over 75 team members including; consultants, agencies, city officials, subcontractors, utility companies, lender, legal and their partner, Steve Meckfessel.
  • Assisted in other domestic and international expansion.

 

Ascend Communications/Lucent Technologies, Alameda, CA (Phase II)

  • Working with Pacific Coast Capital Partners, and in conjunction with their partner Steve Meckfessel, they jointly purchased the campus after Lucent Technologies acquired Ascend and implemented a profitable repositioning strategy.

 

 Cost Plus World Market Headquarters, Jack London Square, Oakland, CA

  • Strategic planning, site selection, renovation to suit, long-term lease.
  • Working with their partner, Ned Pike, they purchased and renovated this 60,000-square-foot office building then leased it back to Cost Plus on a long-term basis.
  • Performed on an open-book basis and resulted in a very favorable tenant-oriented long-term lease on land with very compelling long-term investment value.

 

Zhone Technologies, Oakland, CA

  • Strategic planning, site selection, development/construction management and financing.
  • Developed a 180,000-square-foot, high-visibility headquarters campus for this leading-edge networking-equipment technology firm with their former partners at SRM Associates
  • Working with the City of Oakland and the Oakland Redevelopment Agency they processed the entitlements for this project in less than three months.
  • Recognized by the San Francisco Business Times for architectural excellence (design by FME Architects).

 

2020 Milvia, Berkeley, CA

  • Capitalized upon a unique opportunity to purchase a 41,000-square-foot office building in the central business district of Berkeley, CA.
  • Working with their partner, Steve Meckfessel, they implemented a successful investment strategy over 10 years and ultimately sold the property.
  • This investment also benefited from the ownership’s long-term positive working relationship with Bank of Alameda.

 

The Waterfront at Harbor Bay Business Park, Alameda, CA

  • A 100-acre portion of an institutional quality business park which was reintroduced in 2003 working with Pacific Coast Capital Partners and former partners at SRM Associates.
  • Built substantial marketing and development momentum.
  • Results include a diverse occupant base and more stable real-estate values.
  • Notable build-to-suit projects which the team has implemented within the park include: Peet’s Coffee and Tea, Ettore Products, The Cheese Works, Allergy Research Group, Donsuemor, Zephyr Ventilation Hoods.

 

Oaks Business Park, Livermore, CA

  • Developing this 140-acre business and technology park in a venture with SRM Associates and Pacific Coast Capital Partners.
  • Anticipate land sales, build-to-suits and speculative development.

 

2001 Broadway, Oakland, CA

  • 64,000-square-foot historic renovation.
  • Creative reuse of historic, art deco former I. Magnin building into a light and open office environment.
  • All aspects of development, leasing, financing and management performed in conjunction with SRM Associates.

 

2150 Shattuck Avenue, Berkeley, CA

  • Acquired 148,000-square-foot, 13-story office building.
  • $7-million capital-improvement upgrade (seismic, life safety, elevator) completed in 2001.
  • Includes 612-car parking garage.
  • Prime downtown Berkeley location above the downtown Berkeley BART station.
  • Owned with Steve Meckfessel and several other private equity partners.

 

Tri-Valley Technology Campus, 3011-3077 Triad Drive, Livermore, CA

  • Reposition and sale.
  • Working with what is now the Beacon management team, performed structural upgrade and capital upgrades while managing the asset and preparing for eventual sale.
  • Property owned by a partnership of Pacific Coast Capital Partners.

 

Tri-Valley Technology Park, Lots 9&10, Livermore, CA

  • Development feasibility, marketing, sale to developer.
  • Working with the development team at SRM Associates we established a development strategy for our institutional client.  When client opted not to assume development risk we assisted in the marketing and eventual sale to a developer.

 

Tri-Valley Technology Park, Lot 17, Livermore, CA

  • Development feasibility, marketing, sale to user.
  • The Beacon team established a development strategy for our institutional client which ultimately lead to the sale of the site to a user.
  • The sale was consummated in a very difficult real-estate market.

 

Flint Ink, Fourth and Gilman Streets, Berkeley, CA

 
  • Consulting to corporate owner/user.
  • One of several assignments in which a large corporate user desired to relocate their manufacturing operations and optimize the value of their under-zoned property prior to sale.

  

Key tenants include:

Intel
 
Regents of the University of California
 
United States Government
 
Chase
 
State Farm
 
Tully’s Coffee
 
Wespac
 
16500
 
Photo Sciences, Inc.
 
Starkey Hearing Labs
 
MPR Associates
 
Cost Plus World Market
 
Randstad
 
BART
 
GMO, LLC
 
Cadence Design Systems
 
Metro PCS
 
Lucent Technologies
 
Matthews International
 
Fiserv Solutions, Inc.
 
Nextel of California, Inc.
 
ION Systems, Inc.
 
Volunteers of America
 
Embarcadero Systems Corporation
 
Unisys