Articles Filed Under: Breaking News

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Bay Area Employment Slips from Record Highs

Bay Area Employment Slips from Record Highs

At a time of the year when Bay Area employment figures typically tick up, the number of people living in the city of San Francisco with a job dropped by 1,200 in March to 555,500. But with 2,300 people having been removed from the labor force, the unemployment rate... Read More »

State Senate Committee Kills Controversial Housing Bill SB 827

With only four (4) of the thirteen (13) members of the State Senate’s Transportation and Housing Committee voting in favor of advancing Senator Scott Wiener’s “transit-rich housing bonus” bill, the controversial SB 827 is DOA this legislative year but is expected to be rewritten and reappear in 2019. The... Read More »

The Latest Inventory of SF’s Housing Stock and Actual Development

The Latest Inventory of SF’s Housing Stock and Actual Development

Including finished new construction projects and conversions, 4,441 net-new units of housing were added to San Francisco’s stock of housing last year, down 12 percent from 5,046 in 2016 but nearly double the 20-year average of 2,295, figures which are slated to be presented to San Francisco’s Planning Commission... Read More »

Tunneling to the Transbay: Most Likely Approach and Timing

Tunneling to the Transbay: Most Likely Approach and Timing

While there are technically three possible routes by which trains are slated to eventually reach San Francisco’s new Salesforce/Transbay Transit Center, in terms of the most probable path, there are really only two. While a Citizens Working Group convened to study the potential paths continue to include a Mission... Read More »

Sex Trafficking Likely Funded Eye-Popping Sale in Pacific Heights

Sex Trafficking Likely Funded Eye-Popping Sale in Pacific Heights

As we noted at the time, the buyer behind that eye-popping sale of 2755 Fillmore Street, which sold for $13.25 million or roughly $2,577 per finished square foot back in 2016, wasn’t a foreign national. In fact, the buyer was Michael Lacey, the co-founder of Backpage.com. This past Friday,... Read More »

Frustration Mounts as Timing for New Transit Center Slips Again

Frustration Mounts as Timing for New Transit Center Slips Again

As we reported last month: While the 5.4-acre rooftop park atop San Francisco’s future Transbay/Salesforce Transit Center is on track to be fully planted, landscaped and construction complete in June, the timing to complete the $2.3 billion building below has slipped anew. Originally expected to be substantially complete at... Read More »

Expectations for Skinny Transbay District Tower Reset

Expectations for Skinny Transbay District Tower Reset

Plans to redevelop the downtown parking lot parcel at 524 Howard Street were first approved nearly three decades ago, at which point a 23-story office building was expected to rise up to 311 feet in height after the former parking garage on the site was razed in 1989. But... Read More »

Plans for Seemingly Split Oakland Tower Likely DOA

Plans for Seemingly Split Oakland Tower Likely DOA

In a move which shouldn’t catch any plugged-in readers by surprise, Oakland’s Planning Commission has set the stage for a formal denial of the plans for a seemingly split, 460-foot-tall tower to rise at 1261 Harrison Street in Downtown Oakland. As proposed, the development would require the demolition of... Read More »

The Fed Institutes Another Rate Hike, Signals Seven More to Come

As predicted, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 0.25 percent (25 basis points) and signaling expectations for two more quarter-point increases in 2018, three in 2019 and another two in 2020. The Fed dropped the benchmark rate five... Read More »

Déjà Vu for a Waylaid Rincon Hill Development

Déjà Vu for a Waylaid Rincon Hill Development

As we first reported a couple weeks ago, the revived plans for a modern 144-unit building to rise up to 84 feet in height at 430 Main/429 Beale Street could be approved by San Francisco’s Planning Commission at the end of this month. While the site was previously approved for... Read More »