Refined Design for Modern Infill Project as Envisioned

Refined Design for Modern Infill Project as Envisioned

In the works since 2016, plans to level the two-story Auto Trust Services building at 255 Shipley Street and develop a modern four-story building upon its Western SoMa site could be approved on August 23. As initially designed and recently refined by Stanley Saitowitz | Natoma Architects, the development... Read More »

Downsized Plans for Towering Hotel Slated for Approval

Downsized Plans for Towering Hotel Slated for Approval

As we first reported earlier this year: “While the preliminary plans for a 21-story hotel with 480 rooms to rise up to 200 feet in height across the Central SoMa parking lot at 350 Second Street were submitted to Planning a few years ago, said plans have been downsized... Read More »

Seasonal Hiring Pushes Bay Area Employment to a Record High

Seasonal Hiring Pushes Bay Area Employment to a Record High

With an above-average bump in seasonal hires, the unemployment rate in San Francisco dropped from 2.7 percent in June to 2.4 percent in July, with the labor force having increased by 8,700 to 574,400 and the number of people residing in the city with a job, including summer interns... Read More »

Refined Plans and Timing for the Next Big Transbay District Park

Refined Plans and Timing for the Next Big Transbay District Park

The concept design for San Francisco’s future 2.4-acre Under Ramp Park, which will run from the south side of Folsom Street to Howard, between First and Second and predominantly under the Fremont Street off-ramp and bus ramp serving the new Transbay/Salesforce Transit Center, has been refined by Conger Moss... Read More »

Former Egyptian Consulate in Contract

Former Egyptian Consulate in Contract

As we reported earlier this year: Designed by Bliss & Faville and built following the Great Quake of 1906, the nearly 14,000-square-foot Pacific Heights mansion at 3001 Pacific Avenue was purchased by the Egyptian government in 1960 and served as its Consulate up until around 2010 when it was... Read More »

Mortgage Rates Slip, Probability of a Rate Hike Hits 98 Percent

Mortgage Rates Slip, Probability of a Rate Hike Hits 98 Percent

The average rate for a benchmark 30-year mortgage slipped 7 basis points over the past two weeks to 4.53 percent but remains 64 basis points above its mark at the same time last year and within 13 basis points of the seven-year high (4.66 percent) which it hit in... Read More »

New Timing for Major Visitacion Valley Redevelopment

New Timing for Major Visitacion Valley Redevelopment

Shuttered back in 1999, the old Schlage Lock factory and Southern Pacific Railyard parcel along Bayshore Boulevard, near the heart of Visitacion Valley, was leveled 10 years later in order to clear the way for a proposed 20-acre transit village to rise. As approved back in 2014, at which... Read More »

Mission District Iglesia on the Market, Positioned for Development

Mission District Iglesia on the Market, Positioned for Development

Purchased by Monte Sinai Iglesia De Dios for $180,000 in 1995, the former 5,500-square-foot garage at 2859 22nd Street has served as the church’s home since it was converted circa 1998. The church sits on a 4,750-square-foot Mission District parcel which is zoned for development up to 40 feet... Read More »

Oakland Tower Newly Rendered, City Seeks Outstanding Design

Oakland Tower Newly Rendered, City Seeks Outstanding Design

As we first reported earlier this year: Plans for a pair of residential towers to rise up to 275 feet in height at 325 Seventh Street, on the edge of Oakland’s Chinatown, were first approved by the city seven years ago, the ground for which has yet to be... Read More »

Inventory of Homes for Sale in SF and Trend of Those in Contract

Inventory of Homes for Sale in SF and Trend of Those in Contract

While the number of homes listed for sale in San Francisco has ticked down 16 percent since the middle of July with typical seasonality in play, there are 3 percent more homes on the market right now (555) than there were at the same time last year (540) and... Read More »