Articles Filed Under: Breaking News

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The Fed Institutes a Rate Hike, Signals Three More in 2018

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 three more quarter-point increases in 2018. The Fed dropped the benchmark rate five (5) percentage points between August of 2007 and... Read More »

San Francisco Mayor Ed Lee Has Died at the Age of 65

San Francisco Mayor Ed Lee Has Died at the Age of 65

San Francisco Mayor Ed Lee died from a heart attack early this morning at the age of 65. As such, Board of Supervisors President London Breed is now the acting mayor and will remain in the role until a special election is held on June 5 of 2018 unless... Read More »

An Uber Sale in the Works

An Uber Sale in the Works

Purchased for $7.995 million in early 2015, at which point the home’s total square footage measured around 6,200 square feet, including its lower level and three-car garage, the Pacific Heights home at 3090 Pacific Avenue has since undergone a major renovation and remodel. And while the remodeled home has... Read More »

Oakland A’s Ballpark Plan Could Be DOA Based on Board Vote

Oakland A’s Ballpark Plan Could Be DOA Based on Board Vote

With representatives of the student and faculty associations of Laney College having recently voted against allowing the Oakland Athletics to acquire the 13-acre parcel of community college-owned land at 333 East 8th Street, a little south of Lake Merritt in central Oakland and upon which the A’s had formally... Read More »

Never Mind, the Facade of Remodeling Will Remain

Never Mind, the Facade of Remodeling Will Remain

The proposed framework for eliminating San Francisco’s frequently gamed Tantamount to Demolition rule and instituting a new Residential Expansion Threshold will not be presented at the Bayview Hunters Point Citizen Advisory Committee Meeting this evening. And in fact, as of late yesterday, San Francisco’s Planning Department has formally suspended... Read More »

Navigation Center Site Development Permitted to Break Ground

Navigation Center Site Development Permitted to Break Ground

The 30-day window within which the building permit for the development of 157 below market rate apartments to rise up to nine stories in height at 1950 Mission Street, upon the former Phoenix Continuation High School site turned Navigation Center in the Mission, could have been appealed has expired... Read More »

Proposed 454-Unit Mid-Market Tower Massed

Proposed 454-Unit Mid-Market Tower Massed

As we first reported last week, plans to build up to 454 units of housing upon the underdeveloped Mid-Market parking lot at 469 Stevenson Street, which is currently owned by Nordstrom, are in the works. As we also noted at the time, while the site is currently only zoned... Read More »

Historic Hibernia Bank Building Sold, Positioned for Redevelopment

Historic Hibernia Bank Building Sold, Positioned for Redevelopment

Having hit the market last month touting its excellent redevelopment potential, as we first reported at the time, the sale of the historic Hibernia Bank building at 1098 Valencia Street has closed escrow with a $11.898 million contract price. Designed by Arthur Brown Jr. of Bakewell & Brown and... Read More »

Housing Pipeline Holds as Construction Rises in San Francisco

Housing Pipeline Holds as Construction Rises in San Francisco

With new proposals having been submitted to the City for roughly the same number of residential units that finished construction in the second quarter of the year, the overall pipeline of apartments and condos under development in San Francisco is holding around 63,500 having peaked at 63,700 in the... Read More »

Plans for Major Mid-Market Development Revealed

Plans for Major Mid-Market Development Revealed

With Nordstrom Inc. having inked a deal to sell its parking lot parcel for 176 cars at 469 Stevenson Street, between Fifth and Sixth, plans to develop the underdeveloped Mid-Market site have been drawn. As rendered by Mark Cavagnero Associates above, a 16-story development could yield around 330 units... Read More »