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Letter from the President

Nicholas Unkovic
BABC President & Partner


Dear Friend of the BABC,

The vacation months of Summer may be here but we continue to be as busy as ever at the BABC Northern California.

Brexit has been at the forefront of everyone's mind.  Chairman Colin Brown was interviewed on the referendum vote by the Washington Post and the San Francisco Business Times, links to both articles may be found in the BABC news section.  In addition, some of you may have seen Colin interviewed by local Bay Area station ABC7 for a news segment.  Below, you will see additional articles from our members concerning Brexit.

Our continued thanks go out to Hotel Vitale for hosting our monthly Young Professionals Happy Hour at the Americano Restaurant and Bar. The Young Professionals Committee were delighted to welcome new and returning attendees to this month's event on July 12th, which is becoming an increasingly popular networking go-to gathering.  Guests represented a variety of industries including education, tech, travel blogging, real estate, finance and media. The Happy Hour takes place every SECOND Tuesday of the month and affords Bay Area's young professional community the opportunity to connect and network with their peers. 

We were honored to present a Farewell Fireside Chat with HM Consul General Priya Guha on the 14th of this month. Priya reflected on her five years in the Bay Area and answered questions from moderator Sean Randolph of the Bay Area Council Economic Institute.  Over 75 members and guests attended the prestigious event and had their own opportunity to ask Priya questions ranging from her views on Brexit, her thoughts on business in the Bay Area, and what has surprised her most about her time on the West Coast.  Our tremendous thanks to the event sponsors BABLeap, LoopUp, Silicon Valley Bank, Goldschmidt Vineyards and Squire Patton Boggs. The full summary of the event may be read here here.

Finally, thank you to all the new members who have joined the BABC over the last month and to all of our members showing their continued support of our growing organization by renewing and upgrading your memberships. Please take a moment to visit their websites and learn more - they may be able to help you!  
 
Best,
Nick Unkovic
President, BABC Northern California
BABC Events Calendar
Jul 30
Aug 2
Aug 8
Aug 9
Aug 10
Aug 27
 
From The Consul General's  Desk


 
H.M. Consul General to San Francisco 
Ms. Priya Guha

 
My column this month is bittersweet. I have had the privilege of serving as HM Consul General to San Francisco for the past five years. But sadly my tenure ends this month.
 
I'm going back to London. Events of the past few weeks mean it's quite a different place from when I left. Firstly, we have a new Prime Minister, the Rt Hon Teresa May MP. And secondly, the UK public has voted to leave the European Union.
 
Prime Minister May brings significant political experience to the role, having served as Home Secretary for 6 years and MP for Maidenhead since 1997. She will provide strong and stable leadership at an important moment in the UK's history. Following the referendum, we face a time of great national change.   But we will rise to the challenge. As PM May said in her inaugural remarks yesterday, we will forge a bold new positive role for ourselves in the world, and we will make Britain a country that works not for a privileged few, but for every one of us. And personally, I'm delighted that we now have the UK's second female Prime Minister (before the US even has its first)!
 
We're already seeing the results of these decisions and leadership. The markets have rallied with the announcement of the new Prime Minister. The FTSE 100 hit an 11 month high this week; Sterling is back up to 1.34 against the US dollar; and S&P 500 hit an all time high. The UK economy is strong and we are open for business.
 
On a personal note, I'd like to thank you all for your support over these past five years. And I look forward to seeing you in London!
     
 
Priya Guha is HM Consul General to San Francisco. Her column will appear monthly.
   
BABC News
A Farewell Fireside Chat with HM Consul General Priya Guha














On Thursday July 14th, at the offices of Squire Patton Boggs, we welcomed over 75 guests to our Farewell Fireside Chat with HM Consul General Priya Guha. Priya reflected on her 5 years in the Bay Area and answered questions ranging from her thoughts on Brexit to what part of her domain surprised her most. Read More...

Click here to see the photos on Flickr!

Our thanks to sponsors BAB LEAP, LoopUp, Silicon Valley Bank, Squire Patton Boggs and Goldschmidt Vineyards!
BABC Chairman Colin Brown on BREXIT - EU/UK Institutions and history point to what comes next
A few weeks ago I wrote a post on Brexit - a snapshot of events leading up to the June 23rd referendum and a few (hopefully) objective comments on the situation facing the UK, as a reminder: 1. Brexit hasn't happened (yet), while the referendum cannot be ignored, there is time to shape what Brexit really means for the UK and EU; 2. Two years of post-exit negotiations are likely. Year 1 painful, and Year 2 more productive (see below for the reasons why); 3. Bravely working towards a brighter future was the only way for the UK to proceed, leaving behind a negative narrative of disappointment. After being interviewed by ABC7, the San Francisco Business Times, and subsequently by the Washington Times it was clear that there was real lack of awareness in the US about the EU, and the attempt by David Cameron to secure concessions from the EU in Q1 2016 before a referendum took place. David Cameron sough to address border control, and judicial independence while maintaining market access as a member state - this failed.    Read more



 

BABC Member News
From Premier Member, SVN
US Commercial Real Estate Markets After BREXIT

Posted on July 01, 2016

Last week the world woke up to the implausible, the United Kingdom voting to leave the European Union. Immediately global and domestic equity markets have been volatile with rapid downside moves while perceived "safe" assets such as gold and US Treasury bonds soared in price. REIT stocks, perhaps a leading indicator of the market reaction and a flight towards the tangibility of commercial real estate, have fallen less than the market averages in the days since the BREXIT. All of these reactions, and most that will occur in the coming weeks, are simply reactions to the uncertainty; as nothing has really happened yet. Here is what is known so far: [Read more...]

 
From Patron Member Hogan Lovells - Brexit Effect: the legal implications behind the headlines

The Journey Begins. Unravelling the Uncertainty. The waiting is over. The UK has spoken. The UK will leave the European Union.

Brexit will not happen immediately and the UK Government now needs to decide when it will serve notice and trigger the two-year exit negotiation period. The process is unprecedented and uncertain. On Brexit taking effect, all existing UK trading arrangements with the EU and, through its EU membership, with the rest of the world will lapse unless replacements are agreed. The agreement of all 27 Member States will be required to agree an extension. As alternative arrangements to membership will need to be agreed it is not yet certain what "Leave" will look like - but it is clear that it will be important for UK plc to understand its potential impact and engage with the negotiation process. Negotiations and capacity constraints will mean that priorities and potential compromises need to be identified by the UK Government (and its counterparts), as well as decisions on which trading arrangements with new or existing markets to progress. Engagement begins with understanding how it will affect your business. This impartial analysis supports that process by assessing the implications of Brexit on the legal structures which currently underpin a variety of sectors.
Learn more in our full Post Referendum Report
 

In last week's referendum, UK voters opted to leave the European Union. While the long-term consequences of Brexit are uncertain, the global markets saw significant volatility in the wake of the historic vote. According to Raymond James Chief Economist Scott Brown, "This isn't a Lehman-type event. While the UK economy faces the likelihood of slower growth, financial market volatility should begin to settle down soon." Read more

Trimark Commercial Real Estate:  A modern Bay Area Company opens Regional Office ahead of expanding across Greater Bay Area

Trimark Commercial Real Estate
opened its regional office in Walnut Creek on June 27, 2016. Additional offices are planned in the coming months in San Francisco, Oakland, San Jose/Silicon Valley and Sacramento.

President & CEO Mark Hinkins, CCIM, FRICS says "we're not your traditional commercial brokerage firm of the early 2000's. Technology in every industry has changed while commercial real estate has lagged. Trimark Commercial Real Estate is redefining the industry for brokers and agents fueled by the company's ability to attract educated, entrepreneurial talent, and adapt easily to changing client practices, to absorb and implement technology quickly, to streamline the workday, reduce desk costs and increase client and broker satisfaction. It's time for the next generation of brokers and agents to take control of their careers."

Mark Hinkins is President & CEO of Trimark Commercial Real Estate, 2017 Regional Vice President for the CCIM Institute, held the 2015 Presidency of CCIM Northern California and is President of Hinkins Real Estate Analytics specializing in strategic partnerships and investment real estate in the San Francisco Bay area.

Contact: Mark Hinkins, CCIM
Trimark Commercial Real Estate
Phone (925) 627-6027
inquiries@tmkcre.com
Crown Worldwide- Embracing Change: 40+ Years of Growth and Flexibility in the Moving Industry


At Crown we recognize our people are our most important asset. Our highly experienced and trained employees coupled with the best technology solutions available allow us to overcome the unique challenges of each move and to successfully deliver the best possible experience for each family we relocate. Our technology has the added benefit of giving our corporate clients real-time information, reporting, document management imaging access. We feel that change is something that should be embraced.  Read More...
 
Meet Our Members
New Corporate Level Members
Beyond
Beyond is a global experience design agency who believe business strategy and user-experience are no longer distinct, and that great digital experiences define a brand. 
 
With 50 Billion devices predicted to be online by 2020, customers expect to seamlessly connect with brands across multiple devices and platforms in real time. At Beyond we therefore work in multi-disciplinary teams to create and build innovative new digital products & services, delivering strategic business value for our clients by removing friction from the consumer experience.


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Etihad Airways

Etihad Airways is committed to providing our guests with a world-class hospitality experience -- both in the air and on the ground. Etihad guarantees an exclusive and totally private suite in First Class and fully-flat beds with aisle access in Business Class on all long-haul flights. Together with their equity partners Jet Airways, Air Berlin, Alitalia, Air Seychelles, Virgin Australia and Aer Lingus, Etihad offers convenient connections to the Middle East, Africa, Asia, and over 50 destinations in India in partnership with our partner Jet Airways, all via our hub, Abu Dhabi, the capital of the United Arab Emirates.



New Business and Community Partner Members
 
 
 
 
New Individual Young Professionals Members
New Young Professional Members:

Ruchika Kumar Julapalli
Warren Openshaw
Adam Pratt


 

Our Thanks to These Renewing Members 
 
Premier 
  
 
 
Corporate
 



Business  
Law Office of J.P. Harbour
 
 
Individual and Young Professional Members

Individual
Preston Gordon

Young Professional 
Brittany Buxton
Rory Gammell
Rebecca Murphy
 
 
BABC Community Corner


CALL FOR VOLUNTEERS


On 20th September, Aramark Building Community will be providing over 50 volunteers for a Shelter Upkeep Day and Health & Wellness Event at Raphael House including Cooking Demonstrations, Healthy Eating Workshops, handing healthy eating books for families and other great prizes for attendees. Please email Holly Briese if you would like to volunteer for the day at Briese-Holly@Aramark.com or you can sign up here: https://aramark.yourcause.com/auth

Our thanks to Simon Elliot and Aramark/BABC Task Force.

In addition to the very generous proceeds from the BABC 2015 Christmas Luncheon Live Auction, thank you to Stuart Bagshaw and family, we have added a further $15,000 in Grants and proceeds from events such as "A Jolly Good Day At the Races" hosted at Golden Gate Fields, Berkeley back in May.





 

To date this year we have raised nearing $60,000 for this wonderful cause. In addition, we saw generous donations of family experience tickets to The Bay Area Discovery Museum, The Aquarium of The Bay, The Walt Disney Museum, de Young Museum, The Children's Creativity Museum, and Community Access Ticket Services will also be joining forces with Raphael House to give these families the opportunity to spend quality family time at some of the top family attractions in San Francisco - Thanks to Stephanie Elliot for making this happen and to the organizations who so generously donated. Read more.


Update from BABC Sporting Ambassador, Laura Siddall

Congratulations to Tri-athlete @laurasiddall, BABC Sporting Ambassador, on a summer of successful races around the world, wearing the BABC Logo on her race gear!! Thanks for spreading the word! To keep up with Laura's adventures, visit her website at http://www.laurasiddall.com.

 
 
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