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 »

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 »

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 »

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 »

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 »

As we first reported last year, Lucca Ravioli’s detached parking lot parcel at 1120 Valencia Street was on the market in the Mission and has since sold to a developer with plans for a five-story development to rise on its mid-block site. As we noted at the time, “yes,... Read More »

While San Francisco is now engaged in a legal battle over its recently approved, and rather significant, plan for reshaping and densifying the San Francisco’s downtown-adjacent district known as Central SoMa, the City of Oakland has just released the “preliminary draft” of its Downtown Oakland Specific Plan (DOSP), a... Read More »

As expected, a couple of lawsuits challenging San Francisco’s recently approved Central SoMa Plan have just been filed in San Francisco’s Superior Court and more could soon follow. The first two suits, one of which was filed by the Yerba Buena Neighborhood Consortium (Todco) and another by a local... Read More »

As projected, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 25 basis points to between 2.25 and 2.5 percent, while signaling expectations for two more quarter-point increases in 2019, down from a previously expected three. The Fed dropped the benchmark... Read More »

The forensic engineering team (LPI) engaged to identify the root cause of the two fissures/fractures which caused the emergency closure of San Francisco’s new Salesforce Transit Center, a month after it opened, has reached a preliminary conclusion and a possible fix has been drafted. According to the team, the... Read More »