Articles Filed Under: Breaking News

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Leno’s Lead in Mayoral Race Narrows

Leno’s Lead in Mayoral Race Narrows

With an additional 4,654 mail-in ballots having been added to last night’s election day tally, which now totals 158,944 (33 percent) of roughly 480,000 potential votes, with an estimated 85,000 ballots left to be tallied, Mark Leno’s ranked-choice lead over London Breed has narrowed by 25 votes to 1,121.... Read More »

Election Results and Mayoral Frontrunner in San Francisco

Election Results and Mayoral Frontrunner in San Francisco

With 100 percent of precincts having reported in San Francisco, adding 75,266 votes to the early tally of 79,024 mail-in ballots, for a total of 154,290 (32 percent) of 482,000 potential votes, but not yet accounting for provisional nor mail-in ballots received on (or after) election day, the preliminary results... Read More »

Mission District Development Finally Positioning to Break Ground

Mission District Development Finally Positioning to Break Ground

It was back in 2015 that San Francisco’s Board of Supervisors approved the City’s $18.5 million purchase of the corner parcel at 490 South Van Ness Avenue and 16th Street in the Mission, a site which was approved for the development of a seven-story, 72-unit building and which the... Read More »

Index for Bay Area Home Values Jumps

Index for Bay Area Home Values Jumps

Having ticked up 1.0 percent in February, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – jumped another 2.1 percent in March to a new record high and is now running 11.3... Read More »

Results of SF’s Railyard, Tracks and I-280 Redevelopment Study

Results of SF’s Railyard, Tracks and I-280 Redevelopment Study

While the full results of San Francisco’s Railyard Alternatives and I-280 Boulevard Feasibility Study, which is now known as Planning’s five-point Rail Alignment and Benefits (RAB) Study, are slated to be revealed this evening, here’s the executive summary: 1. As we expected and first reported last month, the recommended... Read More »

Owner and Operator of Dungeon-Like Death Trap Settle for $3.2M

Owner and Operator of Dungeon-Like Death Trap Settle for $3.2M

The owner and operator of a warren of illegally constructed rental units discovered in the basement of the Clean Wash Center building at 4680-4690 Mission Street, on the border of Mission Terrace and the Excelsior, have agreed to pay over $3.2 million in penalties and restitution. Built in the... Read More »

Mortgage Rates Hit Seven-Year Highs, Odds of a Rate Hike Hold

Mortgage Rates Hit Seven-Year Highs, Odds of a Rate Hike Hold

Having ticked up 6 basis points over the past week, the average rate for a benchmark 30-year mortgage now measures 4.61 percent, which is 59 basis points higher than the 4.02 percent rate in place at the same time last year and the highest average rate since May of... Read More »

Passed by Planning, Central SoMa Plan Is Now Headed to the Supes

Passed by Planning, Central SoMa Plan Is Now Headed to the Supes

Having been unanimously supported by San Francisco’s Planning Commission last week, the City’s ambitious Central SoMa Plan is now slated to be reviewed by the Board of Supervisors’ Land Use and Transportation Committee on June 25, after which it will be passed along to San Francisco’s full Board of... Read More »

Number of Homes for Sale in San Francisco Is on the Rise

Number of Homes for Sale in San Francisco Is on the Rise

Driven in part by a pronounced slowdown in sales activity since the end of last year, the number of single-family homes and condos actively listed for sale in San Francisco (650) is currently running 3 percent higher versus the same time last year (630) and 41 percent above the... Read More »

Target Opening Day for the Salesforce / Transbay Transit Center Set

Target Opening Day for the Salesforce / Transbay Transit Center Set

With little slippage in the expected completion date for San Francisco’s Transbay/Salesforce Transit Center over the past month, the target opening date for the new center and its 5.4-acre rooftop park has been unofficially set for August 12, 2018. Keep in mind that the opening date assumes no major... Read More »