Articles Filed Under: Industry Stuff

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Purchase Of Land To Build $889K Affordable Apartments Approved

Purchase Of Land To Build $889K Affordable Apartments Approved

San Francisco’s Board of Supervisors has unanimously 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 is approved for the development of a 72-unit building. The City intends to build permanently affordable apartments... Read More »

Church Sues To Block Sale Of Low-Income Housing To A Developer

Church Sues To Block Sale Of Low-Income Housing To A Developer

A request for a court order to prevent the sale, and possible redevelopment, of Fredrick Douglas Haynes Gardens, a 104-unit complex for low-income residents which spans half a block bordering Hayes Valley, has been filed in San Francisco Superior Court. Built in 1973, the development at 1049 Golden Gate... Read More »

Evictions Are Up In San Francisco, As Are Reported Buyout Amounts

Over the past four months, tenants of 47 rent-controlled apartments in San Francisco have negotiated buyouts to vacate their units, with an average payout of $43,000.  The highest buyout was for $310,000. And in fact, the average buyout reported to the San Francisco Rent Board, as newly required by... Read More »

New Violations Uncovered In Case Against Commissioner

New Violations Uncovered In Case Against Commissioner

The City’s civil suit against San Francisco’s former Building Inspection Commission President, and current Port Commissioner, Mel Murphy, has been expanded to include Murphy’s newly disclosed property at 1025 Hampshire Street in the Mission. From the City Attorney’s office: “In willful defiance of Planning Code restrictions that limit residential... Read More »

Budget To Build 72 Affordable Units In The Mission: $888,889 Each

Budget To Build 72 Affordable Units In The Mission: $888,889 Each

According to a Project Manager at the Mayor’s Office of Housing, the total project cost for the 72-unit building which the City is planning to develop at 490 South Van Ness Avenue and 16th Street in the Mission has been estimated at $64 million or roughly $888,889 per unit.... Read More »

Developer Picked For Oakland’s Shuttered Convention Center Project

Developer Picked For Oakland’s Shuttered Convention Center Project

Oakland’s City Council has picked Orton Development’s proposal for renovating and redeveloping the city’s long-shuttered 215,000-square-foot Henry J. Kaiser Convention Center across from Lake Merritt and the City will now enter into an exclusive negotiating agreement for the project. Orton’s plans include a renovation of the center’s Calvin Simmons Theatre and... Read More »

$10 Million Could Buy A City Block In San Francisco

$10 Million Could Buy A City Block In San Francisco

After nearly two years on the market without any movement, and despite a neighborhood campaign to secure the land for community use, the asking price for the 2.2 acre Portola District block bounded by Woolsey, Hamilton, Wayland and Bowdoin streets has just been reduced from $12 million to $10... Read More »

Grand Jury: SF’s $25B Construction Program Needs Tech Overhaul

A Civil Grand Jury report with respect to the management of the City of San Francisco’s $25 billion City construction program has concluded that “it needs work” and a tech overhaul. The three questions which the Grand Jury aimed to answer, “problems that have been called out in... Read More »

Supervisors Reject More Restrictive Airbnb Regulations

Supervisors Reject More Restrictive Airbnb Regulations

San Francisco’s Board of Supervisors has rejected Supervisor Campos’ proposed amendment to San Francisco’s law regulating short-term rentals in the city and instead adopted a watered-down version of a less restrictive amendment sponsored by Supervisor Farrell and the Mayor. Both votes were 6 to 5, with Supervisors Farrell, Breed,... Read More »

Airbnb Measure Qualifies For November Ballot

The ballot measure to further restrict the short-term rental of any residential unit in San Francisco to a maximum of 75 days a year and prohibit hosting platforms, such as Airbnb or VRBO, from ever listing a unit which hasn’t already been registered with the city, or has exceeded the... Read More »

City To Pay Luxury Price For Affordable Mission District Development

City To Pay Luxury Price For Affordable Mission District Development

The City of San Francisco has agreed to pay $18.5 million for the former “Quality Tune-Up” site at 490 South Van Ness Avenue and 16th Street in the Mission, a site which was purchased by a developer for $2.65 million in 2009 and successfully entitled for the building of 72 units... Read More »

China’s Stock Market Is Tanking, Will It Weigh On Local Real Estate?

China’s benchmark stock index, the Shanghai Composite, fell 5.9 percent yesterday and has tumbled 30 percent over the past three weeks.  The ChiNext index of small-cap stocks has plummeted over 40 percent. If you happen to be developer in San Francisco with a significant number of Chinese buyers who... Read More »

15,983 Signatures In Support Of Airbnb Ballot Measure

The sponsors of the proposed ballot measure to further restrict the short-term rental of any residential unit in San Francisco to a maximum of 75 days a year and prohibit hosting platforms, such as Airbnb, from ever listing a unit which hasn’t been registered with the city or has exceeded... Read More »

San Francisco Missed Its Affordable Housing Target By A Mile

San Francisco Missed Its Affordable Housing Target By A Mile

In order to meet the long-ago forecast of increased demand for housing in the city and around the Bay Area, San Francisco was given a goal of building a minimum of 31,193 housing units between 2007 and 2014, its Regional Housing Needs Allocation (RHNA).  And while developers delivered over 108... Read More »

One Rincon’s Second Tower In Contract, Likely Going Condo

With less than half the tower’s 298 units currently occupied despite having started leasing in early 2014, One Rincon Hill’s northwest tower is reportedly in contract to be sold for $400 million.  And while currently operating as an apartment building, the application to clear the way for the individual... Read More »