Taller Transbay District Tower Seeking Approval

Taller Transbay District Tower Seeking Approval

As originally proposed, the five-story building at 95 Hawthorne Street, which formerly housed the San Francisco Passport Agency, was to be razed in order to make way for a 32-story residential building to rise up to 320 feet in height, the height for which the building’s parcel on the northeast... Read More »

Bay Area Unemployment Hits a Record Low, But…

Bay Area Unemployment Hits a Record Low, But…

The unemployment rate in San Francisco has dropped to a record low of 1.9 percent, with the ranks of the employed having increased by 2,900 to 569,300 in May. That being said, the ranks of the employed are still down by 6,100 from February’s record high and the rate... Read More »

Refined Plans for a 35-Story Oakland Tower (And More)

Refined Plans for a 35-Story Oakland Tower (And More)

As proposed and rendered along with a placeholder for the approved 24-story development to rise at 2270 Broadway, the building permits for which are in the works, the refined plans for a 35-story tower to rise on the parking lot parcel at 88 Grand Avenue, on the southern border... Read More »

Pace of Existing Home Sales in the U.S. Ticks Up

Pace of Existing Home Sales in the U.S. Ticks Up

Having slipped 0.4 percent in April, the seasonally adjusted pace of existing-home sales across the U.S. ticked up 2.5 percent in May to an annual rate of 5.34 million transactions but remains 1.1 percent below its mark at the same time last year, according to the National Association of... Read More »

Mega-Project Has (Partially) Broken Ground

Mega-Project Has (Partially) Broken Ground

Approved by Planning back in 2015 but waylaid by legal challenges, the ground for the massive 5M Project – which spans a 4-acre South of Market site stretching from Mission to Howard and Fifth to Mary – has officially broken ground. Now championed by Brookfield Properties, which acquired Forest City... Read More »

Plan for Presidio Redevelopment Rejected

Plan for Presidio Redevelopment Rejected

In a move which shouldn’t catch any plugged-in readers by surprise, the Presidio Trust’s Board of Directors has formally rejected the refined plans for redeveloping the Presidio’s 30-acre Fort Winfield Scott campus. While the proposing team, which was anchored by the We (Work) Company, was granted an opportunity to... Read More »

Mortgage Rates Hover Near Two-Year Lows, Primed to Drop

Mortgage Rates Hover Near Two-Year Lows, Primed to Drop

While the average rate for a 30-year mortgage was unchanged over the past week, holding near a two-year low of 3.82 percent, Freddie Mac’s latest Mortgage Market Survey was conducted prior to yesterday’s meeting of the Federal Reserve, after which the yield on the 10-year Treasury, which drives mortgage... Read More »

City Seeking Interim Proposals for Fenced Housing Site

City Seeking Interim Proposals for Fenced Housing Site

While the Mayor’s Office of Housing and Community Development is now seeking a qualified team to build affordable housing on the fenced corner parcel at the corner of 7th and Brannan (which was conveyed to the City in 2014 and has been sitting vacant since early last year), it’s... Read More »

East Bay BONE Home Fetches $3.3 Million

East Bay BONE Home Fetches $3.3 Million

As we outlined in early May: Listed as Project 16-693 in Bone Structure’s portfolio of buildings, the contemporary Claremont Pines home at 6226 Acacia Avenue, which sits above Oakland’s Rockridge neighborhood and overlooks the Claremont Country Club, was built with steel framing and finished in early 2017. The main... Read More »

Record Pipeline of Development in SF (And Building Is Up)

Record Pipeline of Development in SF (And Building Is Up)

With the number of newly proposed units of housing to be built in San Francisco having outpaced the number of units that recently finished up construction for the sixth quarter in a row, the overall pipeline of apartments and condos under development in San Francisco now totals a record... Read More »