Existing Home Sales in the U.S. Hit a 10-Year High in 2016
Existing-home sales in the U.S. hit a ten year high in 2016, ending the year with 5.45 million sales versus 5.25 million sales in 2015 and 6.48 million sales in…
Employment Drops in San Francisco and the East Bay
While employment typically ticks up at the end of the year with seasonal hiring, the number of people living in San Francisco with a job dropped by 3,300 in December…
Raiders Formally File to Leave Oakland Behind
The Oakland Raiders have submitted their formal application to move the franchise to Las Vegas, filing the paperwork a month before it was due. The league’s 32 owners are expected…
Supreme Court Denies Challenge of Warriors Arena Development
With the Golden State Warriors slated to ceremonially break ground for the development of their new Mission Bay Arena and office complex at noon today, California’s Supreme Court has just…
Foreclosed upon El Rey Theater Could Soon Be Landmarked
Designed by master architect Timothy Pflueger and opened in 1931, the 1,800-seat El Rey Theater at 1970 Ocean Avenue was shuttered and sold to Voice of Pentecost in 1977, which…
Office Rents Hit a Record High in SF but Barely Budged Last Year
Having slipped for the first time since 2010 in the third quarter of last year, the average asking rent for office space in San Francisco inched up 0.8 percent in…
Lucas Picks LA over SF for Billion Dollar Museum
The billion dollar Lucas Museum of Narrative Art will be built in Los Angles rather than San Francisco. While the museum’s Board of Directors focused on the positives in their…
Rapid Transit Line on Geary Closer to Reality
With construction of the Van Ness Bus Rapid Transit (BRT) project underway, the proposed Geary Corridor BRT line is now one big step closer to reality with the San Francisco…
Macy’s Selling Stonestown Galleria Store, Will Be Redeveloped
In addition to selling its Men’s Store in Union Square, which will be shuttered and redeveloped, Macy’s is in contract to sell its 280,000-square-foot Stonestown Galleria location, which opened in…
Warriors Slated to Break Ground for New SF Arena in Two Weeks
Having prevailed in their legal battle with the Mission Bay Alliance over the adequacy of the Environmental Impact Report for the proposed 18,000-seat arena and event center to rise in…