Articles Filed Under: Breaking News

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Plans for Studios to Rise on SoMa Car Wash Site Closer to Reality

Plans for Studios to Rise on SoMa Car Wash Site Closer to Reality

A gas station occupied the northeast corner of 10th and Harrison from 1949 through the 1960s. In 1969, the 10th Street Car Wash took over the Western SoMa site. And today, the City granted the proposed plans for a 67-unit building to rise up to 55 feet in height... Read More »

Employment in San Francisco Stalls, Slips in the East Bay

Employment in San Francisco Stalls, Slips in the East Bay

While the unemployment rate in San Francisco has dropped to 3.1 percent, the lowest unemployment rate since the end of the dot-com boom, the drop from 3.3 percent in March was driven by 900 people leaving the labor force versus the 100 jobs that were added. In fact, the... Read More »

Boosters’ Appeal of Potrero Development Denied

Boosters’ Appeal of Potrero Development Denied

The Potrero Boosters Neighborhood Association has lost its appeal of Martin Building Company’s approved development of 127 apartments and a Del Popolo pizzeria at 88 Arkansas and 17th Street, across from Jackson Park in Lower Potrero Hill. Approved by San Francisco’s Planning Commission in a fast-tracked hearing earlier this... Read More »

Median Home Price Hits $1.3M in SF as Bay Area Sales Slow

Median Home Price Hits $1.3M in SF as Bay Area Sales Slow

Bay Area home sales dropped 7.3 percent in April versus the same time last year, with all nine counties recording a decline, ranging from 2.6 percent in Contra Costa to a 15.2 percent drop in San Mateo. And while the recorded sales volume of single-family homes and condos in... Read More »

Mayor Lee to Lucas: This Is the Site You’re Looking For

Mayor Lee to Lucas: This Is the Site You’re Looking For

While George Lucas hasn’t yet abandoned all plans to build his $700 million Lucas Cultural Arts Museum in Chicago, Mayor Ed Lee has been lobbying behind the scenes for Lucas to set his sights on the west side of Treasure Island, facing San Francisco. And this week, the mayor... Read More »

Ballot Initiative Aims to Block Redevelopment of SF Tennis Club Site

Ballot Initiative Aims to Block Redevelopment of SF Tennis Club Site

Entitled the “Don’t Demolish Recreation in San Francisco Initiative,” the paperwork for a ballot measure which would require special approval for any demolition, change in use, or other removal of a public or privately owned Recreational Facility measuring 10,000 square feet or more in order to redevelop the site... Read More »

Academy of Art Could Lose a Quarter of Its Student Housing

Academy of Art Could Lose a Quarter of Its Student Housing

While now battling a civil suit filed by the City with respect to its illegal conversion and unpermitted use of the vast majority of the 40 properties it owns in San Francisco, the Academy of Art University is about to learn that it could lose over a quarter of... Read More »

Only in San Francisco!

Only in San Francisco!

Five weeks ago the “Exceptional Eureka Valley Home” at 3751-3753 17th Street hit the market listed for “$1.695 million,” or roughly $547 per square foot for the vacant and “lovingly curated” two-unit building in an area where the average sale price has been running closer to $1,070 per foot.... Read More »

Initiative to Challenge Law Which Limits Development

Initiative to Challenge Law Which Limits Development

Approved by San Francisco voters in 1986, Proposition M established an annual cap on the amount of office space that’s allowed to be developed in the city. While the annual allocation of 950,000 square feet can be banked in a down market, the current balance in the account which... Read More »

Benchmark Mortgage Rate Drops to Three-Year Low

Benchmark Mortgage Rate Drops to Three-Year Low

The average rate for a benchmark 30-year mortgage has dropped to 3.57 percent, the lowest rate in three years and 40 basis points below the 3.97 percent rate in place prior to the Fed’s first rate hike in December. The current rate is 28 basis points below the 3.85... Read More »