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November 2017
November 2017
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Rent control policies in San Francisco may have fueled gentrification, Stanford economists say.

Stanford economists Rebecca Diamond and Tim McQuade, who published their findings last month, said occupants of rent-controlled apartments built before 1980 are 20 percent more likely to stay than other renters.

Read it on sfgate.com


September 2017
September 2017

ARTICLE BY MELIA ROBINSON

 Golden Gate Heights

PHOTO BY MELIA ROBINSON/BUSINESS INSIDER

Golden Gate Heights, a little-known enclave in San Francisco, has been named one of the hottest neighborhoods of 2017 by real-estate site Redfin.

Located on the outskirts of the Sunset District, the charming micro-neighborhood has no shops or restaurants. But...

READ IT ON BUSINESSINSIDER.COM

 


September 2017
September 2017

ARTICLE BY Melia RObinson

This little-known San Francisco neighborhood is suddenly one of the hottest housing markets in America — take a look

PHOTO BY Melia Robinson/Business Insider

Excelsior is a small, often overlooked neighborhood in San Francisco. It's named for the Latin translation of "ever upward" — appropriate given Excelsior's sunny new outlook in the housing market.

READ IT ON BUSINESSINSIDER.COM


September 2017
September 2017

ARTICLE BY sfgate

The best places to shop in the Haight

PHOTO BY Christian Heeb/Getty Images/AWL Images RM

The Booksmith

The rows and rows of new books can be a bit overwhelming at Booksmith, but spoken-word CDs are stacked at the counter, and author readings and…

READ IT ON SFGATE.COM


August 2017
August 2017

ARTICLE BY Hoodline

The Sunset Vs The Richmond

photo BY HOODLINe

The Sunset and the Richmond districts—San Francisco's westernmost neighborhoods—sprung up out of the same sand dunes beginning in the late 1800s. But today, they're anything but identical.

Read it on hoodline.com


August 2017
August 2017

article by Greg Keraghosian

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photo BY Megan Farmer, The Chronicle

When The Riptide was gutted by a fire in 2015, much of San Francisco may not have noticed. But the Outer Sunset residents, surfers, and artists who congregated there nightly did – one of them called the bar “a home away from home for a lot of people.”

READ IT ON SFGATE.COM


August 2017
August 2017

ARTICLE BY JENNIFER FERNANDEZ, JETSETTER

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PHOTO BY CDRIN/SHUTTERSTOCK

Whether you're visiting San Francisco for a long weekend or a week, there are more than enough diversions within city limits to fill any itinerary.

But even more worthy adventures await those who venture outside the urban landscape, from quirky small-town haunts to world-class wining and dining and natural wonders you won’t find anywhere else.

Here are four easy day trips to check out on your next SF getaway.

READ IT ON BUSINESSINSIDER.COM


July 2017
July 2017

Article by Spencer Watts

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Photograph: Courtesy Ritz-Carlton San Francisco

It’s not difficult to drop a pretty penny in San Francisco these days. The city locals don’t take too kindly to skimping on cheap coffee and they certainly don’t mind shelling out a little more for a truly tasty cocktail in a swanky bar. San Francisco values high-end quality and good taste above all else, and that sentiment extends to its tourism industry, too. Visitors to the San Francisco who are treating themselves to a no-holds-barred, utterly luxurious vacation will find resplendent lodging in ten of the city’s fanciest and most iconic luxury hotels, all specializing in providing the best stay money can offer. Here’s where you can book a room in San Francisco to travel like presidents and movie stars—if you’ve got the financial flexibility.

Read it on ...


July 2017
July 2017

Article BY MEGAN BARBER AND BROCK KEELING

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PHOTO BY PATRICIA CHANG

Known around the world as a first-rate destination, San Francisco has carved out an enviable reputation for its steep rolling hills, pastel-painted Victorians, cable cars, and iconic Golden Gate Bridge. But the city is also a mecca for families, with a laundry list of kid-friendlyattractions that go way beyond the cliched tourist destinations (we're looking at you, Alcatraz).

READ IT ON SF.CURBED.COM


July 2017
July 2017

Saturday, July 22, 2017
Melia Robinson
businessinsider.com

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San Francisco offers visitors more than tourist traps like Fisherman's Wharf and trolley cars.

To help you experience the best of the city, we surveyed Business Insider employees based in San Francisco on their favorite local spots. From the nature trails at Lands End to happy hour at the Tonga Room, these off-the-beaten path destinations showcase the best the city has to offer.


July 2017
July 2017

Saturday, July 12, 2017
Adam Brinklow
Curbed San Francisco

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San Francisco's dense skyline is growing as the city anticipates the completion of some towers long under construction and the emerging profile of others underway. From the Salesforce Tower and 181 Fremontin Yerba Buena to Exchange Place on the edge of Chinatown and the future home of Pinterest at 505 Brannan, the new crop of high-rises promises to be fruitful this year.

To make the cut, a building must be eight or more stories when completed. Towers must have broken ground already or be on the verge of doing so within the next few months. Map points are listed here by building height, from tallest to shortest—or more precisely, from what will soon be the tallest and the shortest.

Read it on sf.curbed.com


November 2015
November 2015

Monday, November 16, 2015
Jeanna Smialek
bloomberg.com

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Home builders set floor trusses in place that will support the second story floor in Doral, Florida. Photographer: Mark Elias/Bloomberg

  • Not a credit-fueled run up, San Francisco Fed research finds
  • Home prices still reflect underlying fundamentals, gauge shows

An ongoing rebound in U.S. home prices is different from the credit-fueled run up that fanned the financial crisis and tipped the nation into recession when the real estate bubble burst, economists at the Federal Reserve Bank of San Francisco find in new research.

The distinction matters: San Francisco Fed President John Williams has recently warned that it’s important to monitor for asset price bubbles, saying that preventing imbalances from building is one argument in favor of raising interest rates off near-zero, where they have been held for seven years. Williams said in October that he was “starting to see signs of imbalances emerge in the form of high asset prices, especially in real estate,” and that once such issues grow large, they are difficult to tackle.

Williams noted then that the market isn’t yet at a “tipping point,” and the researchers uphold that conclusion. They find that today’s market lacks many of the riskiest characteristics that were evident in the run up to the late-2000’s housing collapse.

“The increase in U.S. house prices since 2011 differs in significant ways from the mid-2000s housing boom,” economists Reuven Glick, Kevin Lansing and Daniel Molitor find, noting a “less-pronounced increase in housing valuation together with an outright decline in household leverage — a pattern that is not suggestive of a credit-fueled bubble.”

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Source: San Francisco Federal Reserve

Since bottoming out, the median house price has recovered to just 8 percent below the prior peak, according to the paper.

This time, however, the ratio of home prices to rent stands at about 25 percent below its mid-2000s ...


November 2015
November 2015

Saturday, November 14, 2015
Walter Thompson
hoodline.com

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On the low-turnout Nov. 3 election, 56% of voters approved Proposition J, the Legacy Business Historic Preservation Fund. The new fund will provide grants to locally-owned businesses and offer commercial landlords incentives to offer these businesses long-term leases.

Despite the legislation’s goal of maintaining “cultural identity” and fostering “civic engagement and pride,” one opponent says it’s unlikely that the fund will make or break a small business.

“I have two businesses right next door to each other,” said Roger Soudah, owner of Cole Valley’s Say Cheese, who also operates Cafe Reverie. “Say Cheese will turn 40 next year, but Reverie will only be 22 years old,” he explained, noting that he owns the cheese shop but rents the adjoining cafe.

“If you ask me, Prop J is just about throwing a bone to small businesses,” Soudah added—an especially surprising criticism since he stands to benefit from it personally.

The full text of the new law says legacy businesses must have operated in the city for more than 30 years, contribute “to the neighborhood’s history and/or the identity of a particular neighborhood or community,” and be “committed to maintaining the physical features or traditions that define the business, including craft, culinary, or art forms.” To be listed, a business must first be nominated by the Mayor or a Supervisor.

Art's Cafe

Art’s Cafe, 747 Irving St. Photo: Megan Murphy

Qualified legacy businesses may receive grants for as much as $500 per full-time employee each year. Landlords may receive up to $4.50 per square foot for signing leases 10 years or longer with qualified businesses. The city Controller’s office estimated that approximately 7,500 businesses qualify for the registry and that the new fund would cost approximately $3.7 million in the coming fiscal year, with costs reaching the $51 to $94 million range within 25 years. Only 300 new businesses may be nominated for the registry ...


November 2015
November 2015

The tech boom has shifted the balance of economic power

Ali Donaldson, We Lu
Thursday November 5, 2015
bloomberg.com

Seattle 

San Jose, San Francisco, Seattle: These cities house more than the headquarters of the world’s largest technology companies. They are also some of the most productive hubs in the U.S. economy.

The San Jose, California metro area had the highest output per resident for 2014, according to a Bloomberg analysis of U.S. Bureau of Economic Analysis data for the 100 largest metropolitan areas. Gross metropolitan product (GMP) per capita in the Silicon Valley epicenter was $105,482, more than double the national average. Bridgeport, Connecticut ranked second at $94,349. San Francisco, Seattle and Boston followed.

20 Richest Cities in America

These GMP per capita figures help uncover underlying economic trends, which are often masked by the population inflows and outflows that affect unadjusted output statistics. The 2014 rankings highlight a surge in tech centers since the recession, with San Jose now producing about $11,000 more per person than No. 2 Bridgeport. Until 2011, the Connecticut suburb for New York bankers held the top spot.

It’s no surprise that these high-output cities also have some of the densest concentrations of educated workers, reflecting the soaring returns to schooling in today’s job market. Harvard University professor Edward Glaeser says the diverging fates of high-skilled and low-skilled regions has been one of the most significant trends in the U.S. economy as well as other developed economies over the last three decades.

There’s an ”ongoing trend towards skilled places being far more compensated than non-skilled places,” said Glaeser, whose research focuses on what causes cities to grow.  “The poster-child of this in the data is the San Jose metropolitan area, which is off the charts in terms of income growth.”

Tech cities outside the Bay Area have also benefited from the industry’s boom. Helped by not only Amazon Inc. but also newer Internet ...


November 2015
November 2015

Monday, November 2, 2015
bizjournals.com

SF Neighborhood

The area around the Balboa Park BART station has the potential to be redeveloped into San Francisco’s next big transit-oriented neighborhood. That transformation may soon start with the city’s Office of Housing and Community Development issuing next month a request for qualifications for a developer to build 80 family housing units on Balboa Park Upper Yard near the station, the San Francisco Chronicle reports.

The 1.8-acre property is currently a parking lot that serves as commuter drop-off point – but its access to busy transportation hubs nearby could make it an ideal spot to build affordable housing, the mayor’s office said. It is currently the only site in all of San Francisco where a BART station is located directly opposite one-story buildings and single-family homes. The area saw some activity a few years ago with AvalonBay’s 173 apartments above a Whole Foods, but not much has been developed there during the past few years.

That may be about to change. Recent upgrades to the area and its easy accessibility to transit make the area an ideal location for affordable housing, said local authorities, who are hoping for a renewed interest in the entire area.

“We think all the work we have done to the Upper Yard is going to attract housing developers,” said Supervisor John Avalos told the paper.
Market-rate developers who currently own land in the area agreed with that assessment, saying the Excelsior has a lot of potential for new projects with an affordable price point.

“We think it’s a prime spot for housing,” developer Brian Spiers, who owns 65 Ocean Avenue, told the paper. “It’s a great neighborhood close to great transportation. We think it will be a somewhat affordable place to build, at least compared to the rest of San Francisco.”
Teresa Yanga, director of housing development for the office, told the paper the city’s plan for the 1.8-acre site is to create a project that is 100 percent affordable, ...