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Downtown commercial real estate problems could be worse in 2024 – The Washington Post

More than $900 billion in loans backing office buildings, retail centers, hotels, warehouses and more will come due this year — and analysts who track commercial real estate are already worried that this slice of the economy could soon threaten regional banks and municipal finances. That hefty amount — roughly 20 percent of all commercial real estate loans on the books nationwide — faces deadlines for repayment this year. But coming on the heels of a dismal 2023, when hundreds of billions of loans coming due got short-term extensions, experts…

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City of SF Taking Over Lease for Five Floors of the Former Uber Headquarters, May Buy the Whole Building – SFist

It’s like a 180-degree turn from the “Twitter Tax Break” days, as the City of San Francisco is grabbing office space in the 1455 Market Street building that used to be headquarters to Uber and Stripe, with an option to buy the whole building. It was well before the pandemic hit when the rideshare company Uber bailed out of its headquarters at 1455 Market Street in 2019, moving to its newly constructed headquarters at the Chase Center complex. And then in 2022, the payment processing company Block also moved out…

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Home Buyers in These U.S. Cities Pay the Biggest Down Payments – Mansion Global

In San Francisco home buyers make some of the highest down payments in the U.S.—shelling out a median of $383,500 in February, a 9.6% increase from a year ago, according to a Friday report by Redfin.  San Francisco’s median down payment was so high, in part, because the typical buyer paid 25% of the purchase price of the home in February, the highest of all metropolitan areas, according to Redfin. San Francisco is followed by its neighbor San Jose, with a median down payment of $365,000, a surge of 24.9%…

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Former CBS Anchor, Vintner Ask Nearly $11M for SF Home – The Real Deal

Former KPIX anchor Kate Kelly Klein and her husband, Rodney Strong Vineyard owner Tom Klein, have listed their longtime Pacific Heights home for $10.65 million, according to their agents, Joe Lucier and Stacey Caen of Sotheby’s.  The empty nesters recently downsized to another home in the same neighborhood, the agents said.  “They absolutely wanted to stay in this particular neighborhood because of the walkability,” Caen said, referring to the stretch of Pacific Heights known as the “Golden Triangle” for its proximity to private schools, parks and Union and Fillmore street…

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