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• Hines Buys 87-Unit Duboce Apartments in San Francisco for $38MM 10/09/2024
  By Kate Snyder Another Bay Area multifamily property has traded hands recently. The Duboce Apartments in San Francisco were purchased by Hines Global Income Trust for $38 million, or approximately $436,781 per unit, according to a U.S. Securities and Exchange Commission filing. The property is comprised of approximately 70,511 square feet of net rentable space […]
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• South Gilroy Development to Bring 3,000 Homes to Santa Teresa Boulevard 10/09/2024
  Preliminary permits have been filed for a large residential development along Santa Teresa Boulevard in Gilroy. Named South Gilroy, the proposal aims to develop nearly 3,000 homes across approximately 270 acres, significantly contributing to the region’s housing needs. Carlsbad-based HomeFed Corporation is leading the initiative, with designs spearheaded by KTGY Architecture + Planning and AO […]
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• Wells Fargo: Lower Interest Rates May Not Be the Answer to Stimulating Spending 10/09/2024
  In its latest economic commentary, Wells Fargo’s economists challenge the assumption that lower interest rates will significantly boost consumer spending. Despite a series of rate hikes by the Federal Reserve, consumer spending has remained resilient, leading economists to question whether rate cuts will have the desired stimulative effect. The report highlights that even though the […]
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• Harker School Eyes New Recreation Space, Proposes Demolition of Local Church in San Jose 10/09/2024
  Plans are underway to transform a church site on the campus of The Harker School in San Jose into new recreational facilities. A development permit application submitted to the city by Devcon Construction outlines a proposal to demolish the existing church at 860 Boynton Ave., making way for the addition of tennis courts, sand volleyball […]
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• Starbucks Shutters Seven Downtown San Francisco Locations: What’s Brewing? 10/09/2024
  By Billy the Broker (I just want to stay anonymous) San Francisco has always had a love affair with its coffee, but this October, it seems Starbucks is breaking up with parts of downtown. The coffee giant is set to close seven locations in the heart of the city, including well-known spots like 398 Market St. and […]
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