Rubicon Point Partners has acquired the Rotunda Building in Oakland from Rotunda Partners II. The 300,000-square-foot office building is know as the Crown Jewel of Oakland and one of the best examples of Beaux-Arts architecture. Rubicon plans to revitalize the property and implement a sustainability plan to reduce the property's carbon footprint.

As part of the revitalization, Rubicon will launch a work-from-here program with amenities that are not available in a home-office environment. The amenities include a fitness center, common areas and collaboration infrastructure to accommodate a hybrid workforce. "We look forward to implementing an improvement plan that will honor its history but also modernize it to allow for a new generation of companies to thrive," said Ani Vartanian, Rubicon's co-managing partner in a statement about the firm's revitalization plans.

In reducing the building's carbon footprint, Rubicon hopes this revitalization will serve as a model for other historic properties in the area. The plan involves an upgrade to the building systems and the deployment of Rubicon's technology stack, which includes machine learning utility management systems.