FACILITIESPENDING

Rent Obligations Reduced for New Asia Restaurant Tenancy

San Francisco plans to forgive a substantial portion of New Asia Restaurant’s unpaid rent and cut monthly rent to $5,000 through September 30, 2026 under agreements that include Robert Yick Exempt Assets Trust as lessor. The measure is intended to stabilize the tenancy while the lease winds down.

Status
PENDING
Document date
July 22, 2026
Contract type
FACILITIES
Vendor
Robert Yick Exempt Assets Trust
Agency
San Francisco County · CA

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Rent forgiveness of approximately $1,172,500; reduced monthly base rent to $5,000 through September 30, 2026
Contract type
FACILITIES
Contract term
Month-to-month occupancy ending September 30, 2026
Renewal date
2026-09-30
Renewal
Month-to-month lease is allowed to continue only until September 30, 2026 with reduced rent and major forgiveness of arrears. Any further related actions are delegated to the Director of Property and MOHCD.
Document type
Agenda
Source document
City and County of San Francisco Budget and Finance Committee Meeting Agenda 2026-07-22

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the facilities contract by San Francisco County?

Robert Yick Exempt Assets Trust was awarded this facilities contract by San Francisco County, as recorded on July 22, 2026. The contract value is Rent forgiveness of approximately $1,172,500; reduced monthly base rent to $5,000 through September 30, 2026.

How much is the Robert Yick Exempt Assets Trust contract with San Francisco County worth?

The Robert Yick Exempt Assets Trust contract with San Francisco County is valued at Rent forgiveness of approximately $1,172,500; reduced monthly base rent to $5,000 through September 30, 2026, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City and County of San Francisco Budget and Finance Committee Meeting Agenda 2026-07-22 (Agenda), dated July 22, 2026 from San Francisco County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Robert Yick Exempt Assets Trust hold?

Robert Yick Exempt Assets Trust may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Robert Yick Exempt Assets Trust's profile

What is San Francisco County currently buying?

Explore San Francisco County's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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