Re: [sudo-discuss] 2141 Broadway Co-Op?

I would propose that the best way to move forward is to get a group together who is willing to put some work in to making this happen and then as that group, which would probablly have to file as an llc or somthing simular, begin negotiations with Goerge. I dont really see this as a sudo room specific thing more that sudo room could lease from the 2141 co-op once it owns that portion of the building. -Andrew On Oct 3, 2013 1:36 PM, "Eddan Katz" &lt;eddan(a)clear.net&gt; wrote: > As I mentioned on my phone-in to the meeting last night, there were no numbers discussed at any point, neither regarding sale nor shares nor rental. > Not sure how it would make sense to try and figure it out, but I would guess some of you number-crunchers can propose some share/sq. ft. metric. > > On Oct 3, 2013, at 1:28 PM, Max Klein &lt;isalix(a)gmail.com&gt; wrote: > >> I would like to also talk about co-op purchase greatly. Unfortunately I cannot make the meeting that you proposed at Farley's. It seems like we might also want to have it after a sudo meeting? Well in any case, to get the most participation I've created a doodle for such a meeting: >> >> http://doodle.com/bd7ars64a3ngfd4m >> >> Should we also include BAPS and CCL since they would be also potential investors? Also it seems like we should get a firmer undesrstanding of what the purchase price and terms would be. Eddan do you have that information? Can someone with connections to George get a non-obligatory estimate price from him? >> >> Max >> >> >> >> >> On 1 October 2013 16:54, Anthony Di Franco &lt;di.franco(a)gmail.com&gt; wrote: >>> I'll be there. >>> >>> >>> On Tue, Oct 1, 2013 at 4:32 PM, Andrew &lt;andrew(a)roshambomedia.com&gt; wrote: >>>> Hi, >>>> >>>> If people are not quite aware of what Eddan is talking about with the JOBS Act Crowd Funding, It was brought up at our first unconference just as Sudo Room was moving in to 2141. Here's some more information >>>> >>>> http://www.forbes.com/sites/tanyaprive/2012/11/06/inside-the-jobs-act-equit… >>>> >>>> I'm definitely interested in talking a discussion of the possible co-oping of a portion of 2141 off line and meeting up at Farley's maybe Monday next week (Oct. 7th) 6pm? Who's down? >>>> >>>> --Andrew >>>> >>>> >>>> On Tue, Oct 1, 2013 at 4:21 PM, Anthony Di Franco &lt;di.franco(a)gmail.com&gt; wrote: >>>>> To try to help answer the question of what exactly happened and what the implications are, let me quote from Eddan's email, emphasis mine (archived here): >>>>> >>>>> “Terminating the current lease means the latter, David. That is - at that point, a new/better lease can be negotiated. Or not, if so decided. While the details on what a co-op purchase would look like still have to be hammered out in detail, it was my understanding from George that he was interested in an arrangement that would include selling off equity in that portion. Different organizations would put up money in their collective shares and that wing would be organized as a co-op with the different organizational/individual owners taking part in the decision-making of managing the building.” >>>>> >>>>> and from Hol's email, (archived here): >>>>> “I think we've been fortunate to have people (Eddan, Matt, Zach) put their name down in the lease and assume a degree of liability for operations. I interpret the notice to George as a move that is not binding on sudo room in any way, but one that A) allows Eddan and presumably Matt to relinquish their "doing business as" status to a better defined group, B) informs George that his behavior toward tenants will not be met with guaranteed continued tenancy, and C) puts a fire under all of our asses to solve the space/access/community issues elegantly, either by finding a new space or by coming to an agreement and a way forward at 2141. These are just my thoughts, with a grain of salt on specifics as I haven't been going to general meetings recently but I guess it's time to start doing that again since this is a matter of great importance.” >>>>> >>>>> >>>>> On Tue, Oct 1, 2013 at 4:05 PM, rhodey &lt;rhodey(a)anhonesteffort.org&gt; wrote: >>>>>> All that myself and others have asked of you is that you provide a bit >>>>>> more detailed information about the discussion you had while terminating >>>>>> the lease. Your name was on the lease, I believe you have every right to >>>>>> terminate the lease in order to remove your name. What I cannot >>>>>> understand is why you consider questions regarding the discussion you >>>>>> had off topic or offensive. >>>>>> >>>>>> > For the sake of moving on to the work we have cut out for us - this >>>>>> > is my last message addressing this topic. >>>>>> >>>>>> I'm confused as to how we're supposed to continue onto the work we have >>>>>> cut out for us without knowing the details and expectations surrounding >>>>>> the termination of our lease. I was not asking "why" did this happen, I >>>>>> was (am) asking "what" happened. >>>>>> >>>>>> I am removing myself from any further discussion regarding the 2141 >>>>>> location on this mailing list, apologies to those who's feelings were hurt. >>>>>> >>>>>> -- rhodey >>>>>> >>>>>> On 10/01/2013 03:43 PM, Eddan Katz wrote: >>>>>> > This is an extraordinarily unfair thing to say. On so many levels. >>>>>> > >>>>>> > I'm sorry that I have not articulated myself better. Those who know me, know that the message below is unfounded and mean-spirited. >>>>>> > >>>>>> > For the sake of moving on to the work we have cut out for us - this is my last message addressing this topic. >>>>>> > >>>>>> > >>>>>> > sent from eddan.com >>>>>> > >>>>>> > On Oct 1, 2013, at 3:09 PM, rhodey &lt;rhodey(a)anhonesteffort.org&gt; wrote: >>>>>> > >>>>>> > Eddan, >>>>>> > >>>>>> > You took it upon yourself to terminate SudoRoom's lease in (what I >>>>>> > understand to be) a private meeting. Putting the question of whether >>>>>> > or not this was agreed on by SudoRoom aside, the very least that you >>>>>> > could do is share with us the details of a discussion you had on our >>>>>> > behalf. >>>>>> > >>>>>> > Take a second to realize that although the idea of investing in >>>>>> > property is both interesting and financially feasible for you, others >>>>>> > may not feel the same or be financially able. >>>>>> > >>>>>> > -- rhodey >>>>>> > >>>>>> > On 10/01/2013 02:54 PM, Eddan Katz wrote: >>>>>> >>>> I don't think it makes any sense to lump this into one of george's >>>>>> >>>> emotional outbursts. >>>>>> >>>> >>>>>> >>>> as we've all been following closely over this list, the equity >>>>>> >>>> crowdfunding provision of the Jobs Act, which went into effect last >>>>>> >>>> week on Sept. 23, 2013, enables the distribution of shares outside >>>>>> >>>> the traditional infrastructure of approved investors. the changes >>>>>> >>>> in the future of capital flow routing around wall st. and the rules >>>>>> >>>> surrounding investment cannot be underestimated. by opening up the >>>>>> >>>> buying of stocks to us regular folks - with capital investment no >>>>>> >>>> longer made unaffordable because of the huge cuts taken by >>>>>> >>>> investment bank intermediaries and securities regulations >>>>>> >>>> fortifying the status quo - the possibilities for raising capital >>>>>> >>>> have just exploded. >>>>>> >>>> >>>>>> >>>> most interestingly, from my point of view, a collaborative >>>>>> >>>> non-hierarchical ownership and management structure becomes >>>>>> >>>> feasible in a way that it has never been in economic history. >>>>>> >>>> >>>>>> >>>> >>>>>> >>>> On Oct 1, 2013, at 2:07 PM, Marina Kukso &lt;marina.kukso(a)gmail.com >>>>>> >>>> <mailto:marina.kukso@gmail.com>> wrote: >>>>>> >>>> >>>>>> >>>>> as far as i know eddan is the only one who has spoken with >>>>>> >>>>> george, one of the building's owners, about the co-op >>>>>> >>>>> possibility. eddan, can you share any more info about what >>>>>> >>>>> exactly george said (my main question is whether this is just >>>>>> >>>>> another one of george's idle threat type things that he just says >>>>>> >>>>> and never intends to follow through on).? >>>>>> >>>>> >>>>>> >>>>> >>>>>> >>>>> On Tue, Oct 1, 2013 at 12:38 PM, Zee &lt;zee(a)zeespencer.com >>>>>> >>>>> <mailto:zee@zeespencer.com>> wrote: >>>>>> >>>>> >>>>>> >>>>> I am exceedingly interested in this, and would happily discuss >>>>>> >>>>> it further over tea or coffee with other interested parties. >>>>>> >>>>> >>>>>> >>>>> >>>>>> >>>>> >>>>>> >>>>> On Tue, Oct 1, 2013 at 12:36 PM, Andrew >>>>>> >>>>> &lt;andrew(a)roshambomedia.com <mailto:andrew@roshambomedia.com>> >>>>>> >>>>> wrote: >>>>>> >>>>>> I have no idea what the price per sq-ft is. We should find >>>>>> >>>>>> that >>>>>> >>>>> out. Also >>>>>> >>>>>> having the capital isn't really as important as having a small >>>>>> >>>>> group who is >>>>>> >>>>>> willing to put in the time and resources when necessary to >>>>>> >>>>>> make >>>>>> >>>>> it happen. >>>>>> >>>>>> With good enough credit it would be possible to finance the >>>>>> >>>>> space depending >>>>>> >>>>>> on the down payment. Or even crowd source the down payment. >>>>>> >>>>> There are a lot >>>>>> >>>>>> of options if there are people who actually want to it. >>>>>> >>>>>> >>>>>> >>>>>> >>>>>> >>>>>> On Tue, Oct 1, 2013 at 10:57 AM, Hol Gaskill &lt;hol(a)gaskill.com >>>>>> >>>>> <mailto:hol@gaskill.com>> wrote: >>>>>> >>>>>>> >>>>>> >>>>>>> >>>>>> >>>>>>> bump >>>>>> >>>>>>> >>>>>> >>>>>>> Oct 1, 2013 10:51:46 AM, zee(a)zeespencer.com >>>>>> >>>>> <mailto:zee@zeespencer.com> wrote: >>>>>> >>>>>>> Do we have an idea on what the per-sq-ft sale cost is? >>>>>> >>>>>>>> >>>>>> >>>>>>>> On Tue, Oct 1, 2013 at 10:50 AM, David Keenan >>>>>> >>>>> dkeenan44(a)gmail.com <mailto:dkeenan44@gmail.com>> wrote: >>>>>> >>>>>>>>> The co-op thing sounds like a very cool idea, except for >>>>>> >>>>>>>>> the >>>>>> >>>>> fact that >>>>>> >>>>>>>>> neither I nor anyone I know has, to my knowledge at >>>>>> >>>>>>>>> least, >>>>>> >>>>> access to >>>>>> >>>>>>>>> the volume of capital that i imagine is required, so >>>>>> >>>>>>>>> personally >>>>>> >>>>> I'm still a >>>>>> >>>>>>>>> bit lost on how one would move forward on such an >>>>>> >>>>>>>>> acquisition..? >>>>>> >>>>>>>>> >>>>>> >>>>>>>>> -d >>>>>> >>>>>>>>> >>>>>> >>>>>>>>> >>>>>> >>>>>>>>> On Tuesday, October 1, 2013, Andrew wrote: >>>>>> >>>>>>>>>> >>>>>> >>>>>>>>>> I haven't been around all that much, but am I correct >>>>>> >>>>>>>>>> to >>>>>> >>>>> assume that >>>>>> >>>>>>>>>> the current situation is that: >>>>>> >>>>>>>>>> >>>>>> >>>>>>>>>> 1. Sudo Room's current lease ends Jan 1st 2. George is >>>>>> >>>>>>>>>> willing to sell off part of 2141 to a group of >>>>>> >>>>> investors? >>>>>> >>>>>>>>>> >>>>>> >>>>>>>>>> If this is so. Let's talk 2141 Co-Op. Is there anyone >>>>>> >>>>>>>>>> on >>>>>> >>>>> this list who >>>>>> >>>>>>>>>> would be at all interested in owning part of a building >>>>>> >>>>>>>>>> in >>>>>> >>>>> the middle >>>>>> >>>>>>>>>> of Downtown Oakland?? >>>>>> >>>>>>>>>> >>>>>> >>>>>>>>>> Sudo Room or not, this is a great opportunity for a >>>>>> >>>>> collective to turn >>>>>> >>>>>>>>>> some extremely prime real estate in to a commercial >>>>>> >>>>>>>>>> Co-Op. >>>>>> >>>>>>>>>> >>>>>> >>>>>>>>>> Just wanted to bring attention to this. Thoughts? >>>>>> >>>>>>>>>> >>>>>> >>>>>>>>>> -- ------- Andrew Lowe Cell: 831-332-2507 >>>>>> >>>>>>>>>> <tel:831-332-2507> http://roshambomedia.com >>>>>> >>>>>>>>>> <http://roshambomedia.com/> >>>>>> >>>>>>>>> >>>>>> >>>>>>>>> _______________________________________________ >>>>>> >>>>>>>>> sudo-discuss mailing list >>>>>> >>>>>>>>> sudo-discuss(a)lists.sudoroom.org >>>>>> >>>>> <mailto:sudo-discuss@lists.sudoroom.org> >>>>>> >>>>>>>>> http://lists.sudoroom.org/listinfo/sudo-discuss >>>>>> >>>>>>>> _______________________________________________ >>>>>> >>>>>>>> sudo-discuss mailing list sudo-discuss(a)lists.sudoroom.org >>>>>> >>>>> <mailto:sudo-discuss@lists.sudoroom.org> >>>>>> >>>>>>>> http://lists.sudoroom.org/listinfo/sudo-discuss >>>>>> >>>>>>> _______________________________________________ sudo-discuss >>>>>> >>>>>>> mailing list sudo-discuss(a)lists.sudoroom.org >>>>>> >>>>> <mailto:sudo-discuss@lists.sudoroom.org> >>>>>> >>>>>>> http://lists.sudoroom.org/listinfo/sudo-discuss >>>>>> >>>>>> >>>>>> >>>>>> >>>>>> >>>>>> >>>>>> >>>>>> >>>>>> >>>>>> -- ------- Andrew Lowe Cell: 831-332-2507 <tel:831-332-2507> >>>>>> >>>>>> http://roshambomedia.com <http://roshambomedia.com/> >>>>>> >>>>> _______________________________________________ sudo-discuss >>>>>> >>>>> mailing list sudo-discuss(a)lists.sudoroom.org >>>>>> >>>>> <mailto:sudo-discuss@lists.sudoroom.org> >>>>>> >>>>> http://lists.sudoroom.org/listinfo/sudo-discuss >>>>>> >>>>> >>>>>> >>>>> >>>>>> >>>>> _______________________________________________ sudo-discuss >>>>>> >>>>> mailing list sudo-discuss(a)lists.sudoroom.org >>>>>> >>>>> <mailto:sudo-discuss@lists.sudoroom.org> >>>>>> >>>>> http://lists.sudoroom.org/listinfo/sudo-discuss >>>>>> >>>> >>>>>> >>>> >>>>>> >>>> >>>>>> >>>> _______________________________________________ sudo-discuss >>>>>> >>>> mailing list sudo-discuss(a)lists.sudoroom.org >>>>>> >>>> http://lists.sudoroom.org/listinfo/sudo-discuss >>>>>> > >>>>>> >> _______________________________________________ >>>>>> >> sudo-discuss mailing list >>>>>> >> sudo-discuss(a)lists.sudoroom.org >>>>>> >> http://lists.sudoroom.org/listinfo/sudo-discuss >>>>>> >>>>>> _______________________________________________ >>>>>> sudo-discuss mailing list >>>>>> sudo-discuss(a)lists.sudoroom.org >>>>>> http://lists.sudoroom.org/listinfo/sudo-discuss >>>>> >>>>> >>>>> _______________________________________________ >>>>> sudo-discuss mailing list >>>>> sudo-discuss(a)lists.sudoroom.org >>>>> http://lists.sudoroom.org/listinfo/sudo-discuss >>>> >>>> >>>> >>>> -- >>>> ------- >>>> Andrew Lowe >>>> Cell: 831-332-2507 >>>> http://roshambomedia.com >>> >>> >>> _______________________________________________ >>> sudo-discuss mailing list >>> sudo-discuss(a)lists.sudoroom.org >>> http://lists.sudoroom.org/listinfo/sudo-discuss >> >> _______________________________________________ >> sudo-discuss mailing list >> sudo-discuss(a)lists.sudoroom.org >> http://lists.sudoroom.org/listinfo/sudo-discuss > > > _______________________________________________ > sudo-discuss mailing list > sudo-discuss(a)lists.sudoroom.org > http://lists.sudoroom.org/listinfo/sudo-discuss