Articles Filed Under: Industry Stuff

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Net Absorption of Office Space in San Francisco Has Dropped

Net Absorption of Office Space in San Francisco Has Dropped

Having slipped a nominal $0.11 per square foot (0.1 percent) in the first quarter of 2017, the average asking rent for office space in San Francisco inched up $0.50 per square foot (0.6 percent) in the second quarter of the year to an all-time high of $70.16 per square... Read More »

Salesforce Secures Rights to Transbay Transit Center and Park

Salesforce Secures Rights to Transbay Transit Center and Park

Having already secured the naming rights to the tallest tower in San Francisco, Salesforce is on the verge of securing the naming rights to the adjacent Transbay Transit Center, Grand Hall, rooftop park, playground and amphitheater. While the 25-year, $110 million deal doesn’t exclude other companies from sponsoring events... Read More »

Development to Rise on Navigation Center Site Even Closer to Reality

Development to Rise on Navigation Center Site Even Closer to Reality

The proposed 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, has been formally granted a streamlined environmental review. As such, the development could theoretically... Read More »

Redwoods, Sculpture and Funicular Ousted from Plaza Plans

Redwoods, Sculpture and Funicular Ousted from Plaza Plans

The approved plans for the future half-acre Mission Plaza at the base of the Transbay/Salesforce Tower feature a grove of 20 redwood trees, a 41-foot-tall sculpture assembled from concrete blocks salvaged from the former terminal on the site and a funicular from the plaza to the new City Park... Read More »

Plans for 520-Foot Tower at Van Ness and Market Have Been Drawn

Plans for 520-Foot Tower at Van Ness and Market Have Been Drawn

Lendlease Development has drafted their preliminary plans for a 520-foot-tall tower to rise at 30 Van Ness Avenue. And while previous plans for the Hub District parcel had envisioned razing the City’s existing five-story building on the site and starting from scratch, Lendlease is proposing to add two stories... Read More »

Dogpatch Development Positioning to Break Ground sans BMRs

Dogpatch Development Positioning to Break Ground sans BMRs

Entitled for development early last year, the building permits for the 109-unit project to rise up to seven stories in height at 2177 3rd Street have now been issued and secured, clearing the way for the Dogpatch development on the northeast corner of 3rd and 19th Streets to break... Read More »

Planning Seeks More Density for Development in Presidio Heights

Planning Seeks More Density for Development in Presidio Heights

As proposed, the redevelopment of CPMC’s nearly 5-acre California Hospital Campus at 3700 California Street will yield 240 units of high-end housing – including 12 new single-family homes, 14 new three-story townhomes and 214 multi-family units – spread across 37 new buildings rising up to seven stories in height... Read More »

Challenge of Elbo Room Redevelopment Slated to Fail

Challenge of Elbo Room Redevelopment Slated to Fail

The building permits for the proposed three-story addition and residential conversion of the two-story Elbo Room building at 645-647 Valencia Street have been requested and triaged. And the formal challenge filed by the owners of the 3-unit building behind the bar who were seeking to force a major redesign... Read More »

Pricing for New Condos in S.F. Slips along with Sales and Inventory

Pricing for New Condos in S.F. Slips along with Sales and Inventory

While sales activity for new condos in San Francisco doubled from April to May with seasonality in play, versus tripling from April to May last year, the number of purchase contracts signed last month (73) was 36 percent lower on a year-over-year basis, according to sales data from The... Read More »

Plans for Redeveloping Balboa Reservoir Site Revealed

Plans for Redeveloping Balboa Reservoir Site Revealed

The final three plans for redeveloping the western 17 acres of the Balboa Reservoir site, which is currently a 1,000-space parking lot under the jurisdiction of the San Francisco Public Utilities Commission, have been revealed and could yield over 1,200 units of housing; parking for up to 1,260 cars;... Read More »