The Port of Oakland has announced the appointment of Jonathan Veach as its new Chief Real Estate Officer.
Veach will be in charge of the port’s Commercial Real Estate section as well as land usage and development.
Between the Oakland Seaport and Oakland International Airport, the Port of Oakland manages roughly 20 miles of waterfront property, including Jack London Square.
In addition to port parks and public access, private investment resources are reportedly being leveraged to turn underutilised property into mixed-use development projects.
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This new position replaces the prior Director of Commercial Real Estate, who was formerly responsible for the Jack London Square waterfront tract. As the port grows and evolves, the port recognised that the real estate function should take on more duties to effectively reflect the port’s future real estate demands.
Veach will oversee the use, development and maintenance of real estate assets along Jack London Square, Oakland Estuary, Oakland Airport Business Park, and other related assets within the port’s jurisdiction.
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Veach said: “I’m grateful to the Board and Executive Director Danny Wan for entrusting me with the Chief Real Estate Officer role. The port truly has great potential for transformative development projects, and I’m looking forward to working with the Board and local stakeholders to shape and execute that vision.”
Jonathan Veach previously worked as an Executive Director in J.P. Morgan Chase’s Community Development Real Estate Banking Division, where he provided lending to for-profit and not-for-profit developers, government entities, and community-based organisations for affordable housing and economic development projects.
Veach’s public sector experience includes working for the City of Santa Clara as the Housing and Real Estate Manager and the New York City Department of Housing and Development.
