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…
Fire Consumes Major Development near Oakland’s Auto Row
A fire has consumed Wood Partners’ 193-unit development under construction at 2302 Valdez Street, one of the largest projects in the works or anticipated to rise within Oakland’s Broadway Valdez…
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…
Indexes for Bay Area Home and Condo Values Hit New Highs
Having ticked up an upwardly revised 1.1 percent in March, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East…
Existing U.S. Home Sales Tick Up, Median Price Hits New High
Having slipped 2.3 percent in April, the pace of existing-home sales in the U.S. ticked up 1.1 percent in May to a seasonally adjusted annual rate of 5.62 million transactions,…
Record-Setting Pac Heights Home Sold for $38 Million
As we first reported last week, the 12,000-square-foot spec home at 2712 Broadway, which had been on the market since the end of last year with a $40 million price…
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…
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Bay Area Employment Slips, Trending Down in S.F. and Alameda
On the heels of the weakest first quarter for employment growth since 2009, the number of people living in San Francisco with a job dropped by 1,100 in May to…
The Fed Raises Rates, Signals Another Hike This Year
As predicted, the Federal Reserve just raised the benchmark Federal Funds rate, upping its target range by 0.25 percent (25 basis points) and signaling expectations for another quarter-point increase by…
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…