Articles Filed Under: Industry Stuff

(283 posts)

Law To Regulate Tenant Buyouts In SF: Seven Key Things To Know

With tenants in rent controlled apartments reporting offers of up to $80,000 to vacate, and unreported offers of even more, a proposed law which would require the public disclosure and tracking of all tenant buyout agreements in San Francisco, and prohibit buildings which are emptied by way of a buyout from being condo converted, could be Read More »

Head Of San Francisco Tenants Union Has Died

The executive director of the San Francisco Tenants Union, Ted Gullicksen, was found dead in his bed today. From the Chronicle’s report: Several friends said they knew of no health problems with Mr. Gullicksen, who recently had been working vigorously for Proposition G, a ballot measure designed to deter real estate speculators from evicting tenants Read More »

SF’s Airbnb Law Approved, Short-Term Rentals Legalized

Supervisor Chiu’s proposed ordinance to legalize, but limit, short-term rentals in San Francisco, a so-called “Airbnb law,” has been approved by San Francisco’s Board of Supervisors by a vote of 7-4 with Supervisors Avalos, Campos, Mar and Yee opposing. The new law will allow a permanent resident of San Francisco to rent out their primary Read More »

San Francisco’s Flawed Airbnb Law Ready For Board Vote

Supervisor Chiu’s proposed ordinance which would legalize, but theoretically limit, short-term rental activity in San Francisco could be adopted by San Francisco’s Board of Supervisors this afternoon.  And neither the hosts who have been heretofore illegally renting their units, nor the housing advocates and neighbors who have been lobbying for legislation to restrict the practice, are Read More »

Federal Judge Orders SF To Justify New Eviction Law Payments

A Federal judge has given The City of San Francisco until Friday to file a legal brief justifying The City’s newly adopted and accelerated law which requires landlords in San Francisco who invoke the Ellis Act to pay evicted tenants an upfront sum equal to the difference between their current rent and a similar market Read More »

Twitter Won’t Be Expanding Into “1 Tenth”

Twitter Won’t Be Expanding Into “1 Tenth”

The ten-story building at 875 Stevenson Street was constructed as an expansion of the San Francisco Mart and Western Merchandise Exchange building at 1355 Market Street in 1975. Recently re-skinned and redeveloped as part of Shorenstein’s Market Square development, and with plans for a 35-foot skybridge to be built between the upper floors of the Read More »

Pending U.S. Home Sales Slip, Investor Activity Slowing Down

At a time of the year when seasonality should be giving it a boost, the National Association of Realtors Pending Home Sales Index slipped 1.0 percent from July to August and is running 2.2 percent lower on a year-over-year basis.  The inventory of listed homes for sale is currently running 1.1 percent lower, year-over-year. And Read More »

Inventory Slips In San Francisco, With One Notable Exception

With a little over 100 homes listed for sale in San Francisco last week, more or less matching the number of homes sold, the overall inventory of homes for sale in the city is relatively unchanged versus the week before but is currently running around 12 percent lower on a year-over-year basis as the number Read More »

Design Center Tenants Could Be Saved, Pinterest Space Constrained

Design Center Tenants Could Be Saved, Pinterest Space Constrained

The landmark loophole which the owners of the San Francisco Design Center have been planning to invoke in order to convert the 330,000 square foot building from showroom to office use, a conversion which would clear the way for Pinterest to move into the Center, is close to being substantially closed. Under the draft language Read More »

Developers Will Pay Transbay District Tax, But With Lower NPV

The trio of developers leading the charge against the 0.55 percent tax they had agreed in principle to pay the City in exchange for an already adopted up-zoning of their parcels within the Tansbay Transit Center District are giving up the fight, but their payments will be spread over 37 years rather than the 30 years Read More »

Developers Fighting Tax To Fund SF’s Transbay Transit Center

Developers Fighting Tax To Fund SF’s Transbay Transit Center

Not satisfied with the $160 million discount they were given on their purchase of the 101 First Street site, the site upon which the 1,070-foot Salesforce Tower is being constructed, Boston Properties is protesting the rate at which they will have to contribute to a Community Facilities District (CFD) which was designed to help fund Read More »

Cost To Build Affordable Housing On Sixth Street: $690K Per Unit

Cost To Build Affordable Housing On Sixth Street: $690K Per Unit

With a 99-year ground lease from the City of San Francisco for which Mercy Housing will pay a total of $99 as proposed, the projected cost of building the affordable housing development to rise on the southwest corner of Sixth and Howard is $47,333,630, which includes $4,600,000 in consideration for the land. With $1,110,264 allocated to Read More »

Redfin Rolls Out 3D Home Tours, Gimmick Or Game Changer?

While not yet available in San Francisco but coming soon, Redfin has started rolling out interactive 3D tours of homes listed by the brokerage in Seattle.  Powered by Matterport, the virtual walkthroughs are akin to “Google Street View, but for inside the home.” For an example of the Redfin 3D Walkthrough in action, see the Read More »

Framework To Legalize, But Limit, Airbnb-ing In SF Approved

Supervisor Chiu’s proposed framework to legalize, but limit, short-term rentals in San Francisco has been amended and approved by San Francisco’s Planning Commission.  The framework will now head to San Francisco’s Board of Supervisors to review. While the proposed limit of allowing a unit to be rented for no more than 90 days per year Read More »

Public Registry Of All Short-Term Rentals And Strict Limits Proposed

Supervisor David Chiu’s proposed law which would lift the existing outright ban on short-term rentals in San Francisco but establish a new set of rules and disclosures by which all hosts and “Hosting Platforms,” such as Airbnb, would have to adhere, or be subject to a penalty of up to $1,000 a day, will be reviewed by San Francisco’s Planning Read More »