San Francisco

Is San Francisco getting more conservative? Primary election results spark debate – NBC Bay Area

As the vote count continues in San Francisco, the results are sparking a new debate about the city’s identity. Some say the local propositions that appear poised to pass are a sign that the city is getting more conservative. Others say it’s just a sign voters want a city that’s safer and gets things done. Just after the polls closed Tuesday night, Mayor London Breed waded into a packed victory party put together by a coalition of groups that backed her ballot measures and a slate of candidates on the…

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[Update] 94-Year-Old Woman Won’t Be Evicted From Mission District Apartment – SFist

After a local media stir, a 94-year-old woman who’s lived at her Mission District apartment since the 1940s will not be evicted as a landlord had initially proposed. Update (3/7/24, 9:13 am): The management of a Mission District apartment building has sent SFist a statement saying they will not evict 94-year-old Helen Byrne from her apartment. “While the initial decision to purchase a rental property was made with the intention of investment, the goals for this property have since changed – with a focus on people over profits. Upon deep…

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San Francisco

San Francisco State of the Market in San Francisco – Bisnow

Why You Won’t Want To Miss This Commercial Real Estate Deal-Making Conference: What You’ll Learn From San Francisco CRE Leaders At This Event: Understand key trends and shifts shaping the transformative real estate cycle in San Francisco from 2024 to 2025.  Gain insights into the innovative strategies employed by industry trailblazers to thrive in San Francisco’s dynamic real estate landscape. Examine the impact of recent shifts in interest rates and borrowing costs on the capital challenges confronted by investors in San Francisco’s real estate market. Understand the impact of market…

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San Francisco

Union Square: The North Face location in San Francisco closing – The San Francisco Standard

The North Face location in Union Square is set to shut its doors later this month, adding to a rash of store closures in what has long been San Francisco’s premier shopping district. Three employees at The North Face location confirmed to The Standard that the store at 180 Post St. is closing on March 17. The outdoor recreation retailer has its roots in San Francisco, founded by Douglas and Susie Tompkins in the city as a mail-order rock climbing and camping supply company back in 1964. In 2000, the…

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OpenAI Names Tracy Hawkins New VP of Real Estate – The Real Deal

OpenAI, after inking the biggest office lease in San Francisco in years, has hired someone to manage its growing real estate presence. The San Francisco-based artificial intelligence firm has named Tracy Hawkins as its vice president of real estate and workplace services, the San Francisco Business Times reported. She started March 5. Hawkins, a refugee of Twitter’s (now X’s) real estate division with more than 15 years in corporate real estate and facilities management, most recently worked as global head of workplace experience for Grammarly, a locally based typing automation…

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Carmel Partners Pays $43M for Stake in Boston Luxury Rental – The Real Deal

Carmel Partners paid $43 million for an undisclosed stake in Boston’s 46-story, 368-unit The Sudbury, Multi-Housing News reported.  The San Francisco-based multifamily developer bought the stake in 100 Sudbury Street from a joint venture between National Real Estate Advisors and the HYM Investment Group. The transaction breaks down to more than $116,000 per unit. The deal doesn’t cover an additional 55 for-sale condominium units. More than a quarter of the rental units at the property are designated for affordable housing.  The property was completed in 2020. The Sudbury has four…

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San Francisco

Pro-Housing Candidates Lead on San Francisco’s DCCC Ballot – The Real Deal

Moderate, pro-development candidates appear to have won many of the spots on San Francisco’s Democratic County Central Committee, the little-known group with outsize power to sway close elections, also referred to as “the D-Triple-C.”  “These votes aren’t final yet, but the trend is sure compelling,” said moderate DCCC candidate Supervisor Matt Dorsey on X, formerly Twitter, early Wednesday morning.  Four years ago, progressives claimed all but two open seats on the DCCC. While the next round of tallies won’t be announced until Thursday at 4 pm, it seems that voters…

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SF Ballot Measure On Office-to-Resi Leading Early Votes – The Real Deal

A ballot measure meant to spur the conversion of empty offices into homes in San Francisco was leading in early returns Wednesday and appeared likely to pass. Measure C, proposed by Mayor London Breed, was leading with 53.9 percent of the vote with 98,663 ballots counted, the San Francisco Chronicle reported. The measure would waive real estate transfer taxes on converted buildings sold for the first time to help boost housing and lower the city’s record office vacancy, now at 35.9 percent. The transfer tax varies from 0.5 percent to…

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