Articles Filed Under: Breaking News

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Employment Drops in San Francisco and the East Bay

Employment Drops in San Francisco and the East Bay

While employment typically ticks up at the end of the year with seasonal hiring, the number of people living in San Francisco with a job dropped by 3,300 in December to 543,300, the first December dip since 2009. That being said, there are still 77,800 more people living in... Read More »

Raiders Formally File to Leave Oakland Behind

Raiders Formally File to Leave Oakland Behind

The Oakland Raiders have submitted their formal application to move the franchise to Las Vegas, filing the paperwork a month before it was due. The league’s 32 owners are expected to vote on the proposed move in March, with a supermajority of 24 needed to approve the team’s relocation.... Read More »

Supreme Court Denies Challenge of Warriors Arena Development

Supreme Court Denies Challenge of Warriors Arena Development

With the Golden State Warriors slated to ceremonially break ground for the development of their new Mission Bay Arena and office complex at noon today, California’s Supreme Court has just denied an appeal filed by the Mission Bay Alliance aimed at derailing the development and seeking a stay of... Read More »

Foreclosed upon El Rey Theater Could Soon Be Landmarked

Foreclosed upon El Rey Theater Could Soon Be Landmarked

Designed by master architect Timothy Pflueger and opened in 1931, the 1,800-seat El Rey Theater at 1970 Ocean Avenue was shuttered and sold to Voice of Pentecost in 1977, which then converted the 35,000-square-foot building into a church and small Pentecostal school. Mortgaged to pay for upgrades to the... Read More »

Office Rents Hit a Record High in SF but Barely Budged Last Year

Office Rents Hit a Record High in SF but Barely Budged Last Year

Having slipped for the first time since 2010 in the third quarter of last year, the average asking rent for office space in San Francisco inched up 0.8 percent in the fourth quarter and ended 2016 at a record high of $69.77 per square foot per year, up a... Read More »

Lucas Picks LA over SF for Billion Dollar Museum

Lucas Picks LA over SF for Billion Dollar Museum

The billion dollar Lucas Museum of Narrative Art will be built in Los Angles rather than San Francisco. While the museum’s Board of Directors focused on the positives in their announcement yesterday, noting that LA’s Exposition Park location will best position the museum “to have the greatest impact on... Read More »

Rapid Transit Line on Geary Closer to Reality

Rapid Transit Line on Geary Closer to Reality

With construction of the Van Ness Bus Rapid Transit (BRT) project underway, the proposed Geary Corridor BRT line is now one big step closer to reality with the San Francisco County Transportation Authority Board having certified the project’s final Environmental Impact Report (EIR) last night. In the works for... Read More »

Macy’s Selling Stonestown Galleria Store, Will Be Redeveloped

Macy’s Selling Stonestown Galleria Store, Will Be Redeveloped

In addition to selling its Men’s Store in Union Square, which will be shuttered and redeveloped, Macy’s is in contract to sell its 280,000-square-foot Stonestown Galleria location, which opened in 1952, to General Growth Properties. And while sale does include a temporary leaseback of the store, it’s only until GGP... Read More »

Warriors Slated to Break Ground for New SF Arena in Two Weeks

Warriors Slated to Break Ground for New SF Arena in Two Weeks

Having prevailed in their legal battle with the Mission Bay Alliance over the adequacy of the Environmental Impact Report for the proposed 18,000-seat arena and event center to rise in San Francisco’s Mission Bay, the Golden State Warriors are slated to break ground at 300 South Street on January... Read More »

Bankrupt West Oakland Project Site in Play

Bankrupt West Oakland Project Site in Play

While the West Oakland warehouse at the corner of Filbert and 24th Streets is in the hands of a bankruptcy trustee, and the entitlements to level the site and construct 55 new ‘Emerald Parc’ townhomes on the parcels known as 2400 Filbert Street were slated to expire at the... Read More »