As we outlined back in May: Having just cleared a key environmental hurdle which obviates the need for a detailed Environmental Impact Report to be prepared for the project, the further refined plans for a bold 13-story building designed by Woods Bagot to rise on the northeast corner of... Read More »

While purchase mortgage application volumes for new home purchases across the nation ticked up 9 percent from July to August, application volumes were down 17 percent on a year-over-year basis, according to the Mortgage Bankers Association and despite the fact that there were over 26 percent more new homes... Read More »

While plans for a residential tower to rise up to 250 feet in height upon the City College of San Francisco site at 33 Gough Street were first drafted back in 2017, and further densified the following year, said plans were withdrawn from consideration prior to the project and... Read More »

Having jumped last week with the most new listings in over 15 years, which shouldn’t have caught any plugged-in readers by surprise, the net number of homes for sale in San Francisco (i.e., inventory) has since ticked up another 11 percent to 1,180. While inventory levels in San Francisco... Read More »

Having completed a “Public Integrity Review” of the Department of Building Inspection’s (DBI’s) permitting and inspection processes, driven by a need to root out departmental fraud and a history of inappropriate activities, the Controller’s Office of San Francisco has identified the following weaknesses in the DBI’s systems, processes and... Read More »

Having jumped by (a downwardly revised) 11,600 in July, the number of people living in San Francisco with a paycheck (529,600) slipped by 2,200 in August. But with 3,700 people having left the labor force, the unemployment rate actually inched down to 5.0 percent. And while there are still... Read More »

In addition to plans for a 75-story residential tower to rise on the current parking garage site at 50 Main, Hines is planning to redevelop and rebrand the adjacent Pacific Gas and Electric tower at 77 Beale Street once PG&E vacates the block and completes its move to the... Read More »

Plans to demolish the two-story, 153-space parking garage at 50 Main Street, between Market and Mission, are in the works. And as envisioned and newly massed below, a 75-story tower could rise up to 818 feet in height upon the Transbay District site, with Hines having engaged Foster +... Read More »

The average rate for a benchmark 30-year mortgage inched down 2 basis point (0.02 percentage points) over the past week to 2.86 percent, which is effectively even with the prevailing average rate at the same time last year (2.87 percent) and within 21 basis points of its all-time low.... Read More »

While plans for a six-story building to rise up to 65 feet in height upon the Happy Chinese Restaurant site at 1324-1326 Powell Street were in the works, said plans were subsequently abandoned. And bigger plans for an eight-story building to rise up to 84 feet in height upon... Read More »