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Frank Bauerle looks at his insurance nonrenewal notice at his home in Ben Lomond, Calif., on Friday, March 29, 2024. Frank Bauerle has taken many steps to fireproof his Ben Lomond home, steps that state officials and consumer advocates encourage and promise rewards for those who take the steps. But his insurer, Farmers, discontinued his coverage. (Shae Hammond/Bay Area News Group) The CZU Lightning Complex wildfire that burned through the Santa Cruz Mountains in late summer 2020 was a wakeup call for Frank Bäuerle. He wasted no time fireproofing his…

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Frank Bauerle looks at his insurance nonrenewal notice at his home in Ben Lomond, Calif., on Friday, March 29, 2024. Frank Bauerle has taken many steps to fireproof his Ben Lomond home, steps that state officials and consumer advocates encourage and promise rewards for those who take the steps. But his insurer, Farmers, discontinued his coverage. (Shae Hammond/Bay Area News Group) The CZU Lightning Complex wildfire that burned through the Santa Cruz Mountains in late summer 2020 was a wakeup call for Frank Bäuerle. He wasted no time fireproofing his…

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PASADENA, Calif., April 1, 2024 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE), the first, preeminent, longest-tenured and pioneering owner, operator and developer of collaborative life science mega campuses in AAA innovation cluster locations, today announced that insitro, a leading machine learning-powered drug discovery and development company, has executed an early renewal for a 6-year lease extension through August 31, 2034 for 143,188 RSF at 279 East Grand Avenue on the Alexandria Center® for Advanced Technologies – South San Francisco mega campus in the San Francisco Bay Area. In 2018, recognizing…

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On a Thursday afternoon in January, on the sidewalk across the street from San Francisco’s City Hall, Veritas Investments lost about one-third of its multifamily holdings in the city. In an unprecedented public auction, Brookfield and local operating partner Ballast Investments officially took ownership of 2,150 units in 76 apartment buildings, having bought the nearly $1 billion in debt on the properties last fall. In the process, the investors helped themselves to the title of the city’s largest residential landlord.  It was a crown Veritas had worn for years. Founder…

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Earlier in the year expectations were high that a real estate rebound was imminent. Inflation looked licked, the Fed was optimistic, sellers were preparing to put their houses on the market, and many buyers had resumed looking for their very own home sweet home. More recently, a sense that maybe it’s time to slow our roll has surfaced. Inflation ticked up slightly. The Fed has said it still plans to reduce interest rates, but not as much as once expected. “So far in 2024 we are seeing plenty of interested…

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Real estate agent Julie Wyss knows that buyers are getting desperate to get their hands on a home, because even some of her less desirable listings are receiving offers over asking. Just last week, she sold a San Jose condo built in 2008 that overlooks the freeway for $60,000 more than the listing price. “It’s not even cute,” joked Wyss, who works mostly in the region’s largest city. “The agent who wrote the offer was basically begging.” Home sales across the nine-county Bay Area rose 25% in February from the…

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Hudson Pacific Properties has agreed to give the City of San Francisco a cut-rate deal for up to 1 million square feet of offices in Mid-Market. A sweetener: leftover tech furniture for $1. The Los Angeles-based landlord gave the city a discounted lease for the 22-story office building at 1455 Market Street, the San Francisco Chronicle reported. The mostly vacant building once served as a headquarters for tech firms Uber and Block. The city is also negotiating with a different property owner for cheaper offices at 1145 Market Street in…

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HONOLULU — A woman who purchased a vacant lot in Hawaii was surprised to find out a $500,000 house was built on the property by mistake. She’s now mired in legal wrangling over the mix-up. Annaleine “Anne” Reynolds purchased a one-acre (0.40-hectare) lot in Hawaiian Paradise Park, a subdivision in the Big Island’s Puna district, in 2018 at a county tax auction for about $22,500. She was in California during the pandemic waiting for the right time to use it when she got a call last year from a real…

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