Articles Filed Under: Breaking News

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Trust Staff Pans Plans for 30-Acre Redevelopment in the Presidio

Trust Staff Pans Plans for 30-Acre Redevelopment in the Presidio

As requested by the Presidio Trust’s Board of Directors, the Trust’s staff has completed an in-depth review of the now singular proposal to redevelop the 30-acre Fort Winfield Scott campus pictured above.  From the staff’s findings and preliminary determination, which were just sent to the Board: “We have assessed the... Read More »

Supervisors Reverse Approval of Western SoMa Development

Supervisors Reverse Approval of Western SoMa Development

While approved by Planning at the end of last year, an appeal aiming to block the plans for a seven-story development to rise on the northwest corner of Folsom and Russ Streets, upon the Fondue Cowboy and Deli Board site, has been upheld by San Francisco’s Board of Supervisors... Read More »

Mortgage Rates Dramatically Drop, Inversion Spreads

Mortgage Rates Dramatically Drop, Inversion Spreads

With Fed officials having officially deemed the foregoing of any additional interest rate hikes in 2019 to “be best” for our economy in light of increasing global risks, which shouldn’t have caught any plugged-in readers by surprise, the average rate for a 30-year mortgage has since dropped 22 basis... Read More »

Bay Area Employment Inches Up to Another Record High

Bay Area Employment Inches Up to Another Record High

With 2018 having ended the year with Bay Area employment at an all-time high, the number of people living in San Francisco with a paycheck has since inched up 700 to a record 574,900 while the unemployment rate in the city, which ended the year at a record low... Read More »

Fed Officials Officially Drop Expectations of a Rate Hike in 2019

According to an analysis of the futures market, the probability of the Fed hiking the federal funds rate in 2019 had dropped to zero (0) as of last week, as we first reported at the time (and foreshadowed earlier this year). And according to the latest survey of Fed... Read More »

The Singular Proposal for the Redevelopment of Fort Scott

The Singular Proposal for the Redevelopment of Fort Scott

From the now singular proposal from the four finalists selected to bid for the opportunity to redevelop the 30-acre Fort Winfield Scott campus in the Presidio: Last September, at the public presentation of the RFCP responses, Presidio Trust Board members suggested that the four teams selected to move forward... Read More »

Benchmark Mortgage Rate Drops, Odds of an Easing Up

Benchmark Mortgage Rate Drops, Odds of an Easing Up

Having ticked up 6 basis points last week, the average rate for a benchmark 30-year mortgage has since dropped 10 basis points to 4.31 percent, which is 13 basis points below its mark at the same time last year, down 63 basis points since hitting a 7-year high this... Read More »

Alternative Designs for Rejected Oakland Tower Revealed

Alternative Designs for Rejected Oakland Tower Revealed

With Oakland’s Planning Commission having formally rejected the plans for a proposed 460-foot-tall, and seemingly split, tower to rise at 1261 Harrison Street, on the historic King Block in Downtown Oakland, a move which shouldn’t have caught any plugged-in readers by surprise, the project team has been working on... Read More »

Knock-On Effects of Governor’s Pledge to Slow CA’s High Speed Roll

Knock-On Effects of Governor’s Pledge to Slow CA’s High Speed Roll

With Governor Gavin Newsom’s apparent pledge to significantly reduce the scope of California’s high-speed rail (HSR) project, dismissing the current feasibility of connecting San Francisco to Los Angles while touting a limited run between Bakersfield and Merced to avoid an abandonment of the project overall, the potential knock-on effects... Read More »

The Fed Signals Future Rate Hikes Are on Hold

In a move which shouldn’t catch any plugged-in readers by surprise, the Federal Reserve not only failed to raise interest rates today but signaled a more “patient” approach in its adoption of any future hikes. Despite the Fed having previously signaled expectations for two rate hikes this year, traders... Read More »