Articles Filed Under: New Developments

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Bay Area House Values Hold, Condos Slip, Again

Bay Area House Values Hold, Condos Slip, Again

Having held in December, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – inched up 0.2 percent in January for 9.1 percent year-over-year gain versus a 11.2 percent year-over-year gain nationally. At... Read More »

Mortgage Rates Continue to Inch Up

Mortgage Rates Continue to Inch Up

While the Fed has just affirmed its intentions to maintain a low rate environment through 2023, the average rate for a benchmark 30-year mortgage, which inched over 3 percent for the first time in seven months two weeks ago, inched up another 4 basis points (0.04 percentage points) over the... Read More »

Oakland Aiming to Adopt Its Downtown Plan and Fund Housing

Oakland Aiming to Adopt Its Downtown Plan and Fund Housing

While waylaid by the pandemic, Oakland’s Planning Department is aiming to update and adopt its comprehensive plan to transform Downtown Oakland by the end of this year. As envisioned, the Downtown Oakland Specific Plan (DOSP) would allow for the development of up to 20 million square feet of new... Read More »

New Tower Tops Out, on Track for Delivery This Year

New Tower Tops Out, on Track for Delivery This Year

The 25-story tower rising at 415 Natoma Street, the first building of the massive 5M Project, which spans a 4-acre South of Market site stretching from Mission to Howard and Fifth to Mary, has officially “topped out.” And with around 14 million square feet of vacant office space currently... Read More »

San Francisco’s Housing Pipeline Held in Q3

San Francisco’s Housing Pipeline Held in Q3

With new permitting and entitlement activity having effectively ground to a halt in the third quarter of this year while construction crews continued to work and deliver new units, the net pipeline of new apartments and condos under development in San Francisco inched down half a percent to just... Read More »

San Francisco’s Housing Pipeline Drops 5 Percent, But…

San Francisco’s Housing Pipeline Drops 5 Percent, But…

Having hit a record high at the end of 2019, the number of apartments and condos now under development in San Francisco (i.e., the city’s housing pipeline) has since dropped 4.6 percent, primarily driven by a sharp decline in the pace of newly proposed projects. That being said, there... Read More »

Neighborhood Changing Development(s) Poised to Break Ground

Neighborhood Changing Development(s) Poised to Break Ground

With the San Francisco Tennis Club at 645 5th Street having been fenced and Alexandra Real Estate Equities poised to break ground for the 243-foot-tall, 775,000-square-foot “88 Bluxome” Street development to rise on the Central SoMa site, over half of which Pinterest had pre-leased, demolition permits have been issued... Read More »

Revised Timing for Massive Power Plant Redevelopment

Revised Timing for Massive Power Plant Redevelopment

Independent of any ongoing impact related to the pandemic or economy in general, the proposed phasing and building timeline for the massive redevelopment of the 29-acre Potrero Power Plant site has been amended and approved. Rather than building in six phases over the course of 16 years, the team... Read More »

Local Unemployment Claims Tick Up

Local Unemployment Claims Tick Up

While the unemployment rate in San Francisco declined in July, the number of San Francisco residents that filed a new/initial unemployment claim last month actually ticked up 5.3 percent to 25,354, reversing a two month run in which the number of new claims had either dropped or held. And... Read More »

Tower Team Sued for Potential Loss of Spectacular Views (UPDATED)

Tower Team Sued for Potential Loss of Spectacular Views (UPDATED)

As noted by a plugged-in tipster, the buyers of a $5.85 million, two-bedroom unit on the 55th floor of the new tower at 181 Fremont Street have just filed suit against the tower’s development team, agents and brokers involved in the sale back in late 2016, claiming fraud, deceit... Read More »