Articles Filed Under: Breaking News

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Election Results and Turnout in San Francisco (UPDATED)

Election Results and Turnout in San Francisco (UPDATED)

Based on a tally of 221,151 votes, which now includes all 102,345 ballots cast at polling places along with 118,806 of a potential 320,207 vote-by-mail ballots which had been processed prior to the election, here are the preliminary results for the real estate related ballot measures we’re tracking: Proposition... Read More »

Brazen Airbnb Scofflaws Agree to Another $2.25 Million in Fines

Brazen Airbnb Scofflaws Agree to Another $2.25 Million in Fines

Having been charged with evicting tenants from rent-controlled units and then illegally marketing the apartments as short-term rentals on Airbnb, Homeway and VRBO, Darren and Valerie Lee agreed to pay $276,000 in penalties and fees back in 2015. As we first reported at the time, the settlement included injunctive... Read More »

City Bracing for Lawsuit over Adoption of Its Central Soma Plan

City Bracing for Lawsuit over Adoption of Its Central Soma Plan

While San Francisco’s Board of Supervisors have upheld Planning’s certification of the City’s framework to mitigate the projected environmental impacts of its ambitious Central SoMa Plan, it has yet to formally adopt said Plan, the vote for which was anticipated to occur last month. If adopted by the Board,... Read More »

Infamous Mitchell Brothers O’Farrell Theatre on the Market

Infamous Mitchell Brothers O’Farrell Theatre on the Market

Having opened as an X-rated theater and porn studio in 1969 and subsequently transitioned into the infamous “close-contact” strip club, with multiple themed rooms and live shows, it remains today, the former Pontiac dealership turned Mitchell Brothers O’Farrell Theatre at 895 O’Farrell Street is now quietly for sale without... Read More »

San Francisco Officially Endorses Expansion of Rent Control

As we first reported earlier this year: If adopted by voters in November, California Proposition 10 would overturn the state’s Costa-Hawkins Rental Housing Act which prevents rent control from applying to single-family homes, condos or any multifamily building which received a certificate of occupancy after January of 1995 (or... Read More »

Second Cracked Beam Found in New Salesforce Transit Center

Second Cracked Beam Found in New Salesforce Transit Center

Having discovered a second, adjacent, cracked beam in the new Salesforce Transit Center, the center will remain closed for “at least another week” as inspections continue and engineers attempt to identify the cause of the fissures and next steps. The two beams span Fremont Street, near the leaning Millennium... Read More »

The Fed Raises Rates, Signals Another Hike in 2018

As predicted, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 0.25 percent (25 basis points) and signaling expectations for another quarter-point increase by the end of the year. The Fed dropped the benchmark rate a total of five (5) percentage... Read More »

Fissure Forces Closure of New Salesforce Transit Center

Fissure Forces Closure of New Salesforce Transit Center

A newly discovered fissure in at least one of the steel beams which supports the roof and 5.4-acre park atop the new Salesforce Transit Center has resulted in an emergency closure of the $2.2 billion center which opened last month. As such, the former temporary terminal, which has yet... Read More »

Former Building Inspection Commission President Tagged for Fraud

Former Building Inspection Commission President Tagged for Fraud

San Francisco’s City Attorney, Dennis Herrera, has just filed suit against construction engineering firm Santos & Urrutia Associates, its principals and several clients and contractors over “an elaborate scheme” to excavate and expand under multiple San Francisco homes without securing proper permits and employing forged documents, lies and fake... Read More »

Inventory of Homes for Sale in San Francisco Hits 7-Year High

Inventory of Homes for Sale in San Francisco Hits 7-Year High

Following a trend which shouldn’t catch any plugged-in readers by surprise, the number of homes actively listed for sale in the San Francisco (900) has just hit a 7-year high and is now running 12 percent higher on a year-over-year basis and 30 percent above its mark at the... Read More »