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Blog Archives: September 2017

Facebook Coming to San Francisco's 181 Fremont

September 21, 2017
In a bid to increase its physical presence in San Francisco, Facebook signed the “largest office lease in three years,” according to San Francisco Business Times, inside the spinning needle-topped 181 Fremont luxury tower. The company’s small Instagram team will be first to move into the space later this year after the building officially opens. San Francisco Business Times reports,”The lease of 436,000 square feet was confirmed by Matt Lituchy, chief investment officer of landlord Jay Paul Co. Sources said the asking rent was around $80 ...

Housing bills pass state Assembly, advancing measures to alleviate housing crisis

September 15, 2017
by Ben van der Meer The state Assembly approved a package of bills related to housing late Thursday, putting them closer to the governor’s desk for approval. After a lengthy period of holding the roll open, closely watched Senate Bill 2 got the minimum necessary 54 votes to pass out of the Assemblyon a two-thirds vote. The bill would enact a $75 base fee, up to $225, on some kinds of real estate transactions, though home sales and commercial real estate sales are exempt. Proceeds from those fees would go into a fund for affordable ...

California Legislature Passes Housing Package

September 15, 2017
Last night the California Legislature passed three major housing bills that will improve the process for building homes and create new funding sources to subsidize affordable housing. They include SB2, SB3 and SB35. SFHAC endorsed all three measures and is thrilled our elected officials in Sacramento have finally taken steps to address a problem that has become a statewide issue. Here is what each bill achieves: SB2 - Building Homes and Jobs Act Authored by Senator Toni Atkins, SB2 enacts a base fee of $75, up to $225, on real estate ...

Market Watch | Low Inventory Still Impacting Northern California

September 14, 2017
September 11, 2017 Sparse housing inventory continues to affect the Northern California market. The California Association of Realtors’ latest report indicates that the San Francisco Bay Area endured a large drop in pending sales due to the lack of available housing. In fact, it dipped 11.5 percent since last July. The report also indicates that San Francisco and San Mateo counties were both down double-digits, 11.0 percent and 21.4 percent, respectively. For homeowners on the fence about selling, the lack of inventory makes it a great ...

Highly unusual SF weather... After hot and muggy comes thunderstorm!

September 12, 2017
San Francisco lightning Storm... by Brock Keeling@BrockKeeling Sep 11, 2017 A rare treat lit up the sky Monday night when, after a day of searing temperatures, a storm hit San Francisco replete with thunder and lightning. For a city that rarely sees a blip or bolt during rainy season, it was a sight to behold. The National Weather Service reports the Bay Area played host to over 800 lightning strikes between noon and 7 p.m. Twitter even saw #lightning take trending honors over the Dodgers v. Giants game. According to ...

Presidio Terrace: City Hall might throw out sale of street

September 08, 2017
BY ADAM BRINKLOW SEP 6, 2017, 3:15PM PDT Justin Sullivan/Getty Images Back in August news broke that homeowners on ultra-tony Presidio Terrace, an O-shaped private street in the neighborhood of the same name, had somehow managed to lose ownership of their gated byway. Angry members of the exclusive cul-de-sac’s homeowners association promised they would appeal the city auction of Presidio Terrace, which the city tax collector carried out after a minuscule annual tax on the privately owned and maintained sidewalks, asphalt, ...

"No Wall on the Waterfront" trial delayed until early next year

September 08, 2017
By Joe Fitzgerald Rodriguez on September 4, 2017 1:00 am Those hoping for an outcome on the battle between the gubernatorial candidate Gavin Newsom-chaired State Lands Commission and San Francisco’s waterfront height limit law may need to wait a bit longer. The trial date to decide the fate of Proposition B, which requires voter approval to increase height limits along San Francisco’s waterfront, has been set back from this month to January 2018, according to a San Francisco Superior Court filing Thursday. The State Lands Commission, ...