Chinese Hospital Rises in Heart of Chinatown
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SAN FRANCISCO 2Nd Quarter 2014 Office Market Report
SAN FRANCISCO 2nd Quarter 2014 Office Market Report Historical Asking Rental Rates (Direct, FSG) SF MARKET OVERVIEW $60.00 $57.00 $55.00 $53.50 $52.50 $53.00 $52.00 $50.50 $52.00 Prepared by Kathryn Driver, Market Researcher $49.00 $49.00 $50.00 $50.00 $47.50 $48.50 $48.50 $47.00 $46.00 $44.50 $43.00 Approaching the second half of 2014, the job market in San Francisco is $40.00 continuing to grow. With over 465,000 city residents employed, the San $30.00 Francisco unemployment rate dropped to 4.4%, the lowest the county has witnessed since 2008 and the third-lowest in California. The two counties with $20.00 lower unemployment rates are neighboring San Mateo and Marin counties, $10.00 a mark of the success of the region. The technology sector has been and continues to be a large contributor to this success, accounting for 30% of job $0.00 growth since 2010 and accounting for over 1.5 million sf of leased office space Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2012 2012 2012 2013 2013 2013 2013 2014 2014 this quarter. Class A Class B Pre-leasing large blocks of space remains a prime option for large tech Historical Vacancy Rates companies looking to grow within the city. Three of the top 5 deals involved 16.0% pre-leasing, including Salesforce who took over half of the Transbay Tower 14.0% (delivering Q1 2017) with a 713,727 sf lease. Other pre-leases included two 12.0% full buildings: LinkedIn signed a deal for all 450,000 sf at 222 2nd Street as well 10.0% as Splunk, who grabbed all 182,000 sf at 270 Brannan Street. -
Ronald Hamburger
The Millennium Tower Settlement, Tilting and Upgrade University of Kansas Ronald O. Hamburger, S.E., SECB March 5, 2020 • Constructed 2005-2009 • 58 stories, 645 ft (197m) tall • Tallest & most expensive residential tower in San Francisco • Views from the Sierra to the Cascades to the Farallon Islands • Most expensive unit sold in 2013 for $13.5 million • Construction Cost - $600 Million Sales Cost - $750 Million 2 301 Mission The Site 350 Mission Transbay terminal and track tube 2012 2009 200 Beale 2017 Salesforce Tower 3 2014 History of the Problem • Ground breaking – 2005 – Settlement predicted 4”-6” • Construction completed 2009 – Settlement reached 10” – Transbay Terminal excavation starts • Last unit sold in 2013 – Settlement 13” • SGH retained in 2014 – Settlement 15” • Litigation initiated in 2016 – Settlement 17” • Adjacent construction complete 2017 – Settlement 18”, Tilt 17” to northwest 4 Some Homeowners Joe Montana Hall of Fame Quarterback Hunter Pence San Francisco Giants Superstar Steph Curry Golden State Warriors Icon 5 Some Homeowners Laurence Kornfield Retired Chief Deputy Building Inspector, City of SF Jerry Dodson Personal Injury Attorney 6 Why did this happen? San Francisco Downtown Area of “infirm” soils based on SF General Plan Subsurface profile (from Treadwell & Rollo) 8 10’ thick mat Subsurface conditions 75’ piles deep into Colma Sand 20’ (6m) – fill & rubble loose sand, brick, concrete, gravel 30’ (10m) – Young Bay Clay marine deposits – last 12,000 years 35’ (12m) – Colma Sand cemented sands with clay binder -
DATE: July 11, 2013 TO: Historic Preservation Commissioners FROM: Daniel A
DATE: July 11, 2013 TO: Historic Preservation Commissioners FROM: Daniel A. Sider, Planning Department Staff RE: Market Analysis of the Sale of Publicly Owned TDR In May 2012, Planning Department (“Department”) Staff provided the Historic Preservation Commission (“HPC”) an informational presentation on the City’s Transferable Development Rights (“TDR”) program. In February 2013, the Department retained Seifel Consulting, Inc. and C.H. Elliott & Associates (jointly, “Consultants”) to perform a market analysis informing a possible sale of TDR from City-owned properties. The resulting work product (“Report”) was delivered to the Department in late June. This memo and the attached Report are intended to provide the HPC with relevant follow-up information from the May 2012 hearing. The City’s TDR Program Since the mid-1980’s, the Planning Department has administered a TDR program (“Program”) through which certain historic properties can sell their unused development rights to certain non- historic properties. The program emerged from the 1985 Downtown Plan in response to unprecedented office growth, housing impacts, transportation impacts and the loss of historic buildings. The key goal of the Program is to maintain Downtown’s development potential while protecting historic resources. The metric that underpins the Program is Floor Area Ratio ("FAR"), which is the ratio of a building’s gross square footage to that of the parcel on which it sits. Under the Program, a Landmark, Significant, or Contributory building can sell un-built FAR capacity to a non-historic property which can then use it to supplement its base FAR allowance. TDRs can only be used to increase FAR within applicable height and bulk controls. -
Class Action Settlement Agreement
CLASS ACTION SETTLEMENT AGREEMENT This Class Action Settlement Agreement (“Agreement”) is entered into as of March 9, 2020 (the “Execution Date”) by and among the Class Action Settling Parties as defined below. Capitalized terms used herein are defined in Section II of this Agreement or indicated in parentheses elsewhere in this Agreement. I. FACTUAL REPRESENTATIONS 1.1 On or about July 21, 2017, Maui Peaks Corporation filed the Class Action against Transbay Joint Powers Authority (“TJPA”), Mission Street Development LLC (“MSD”), and Mission Street Holding LLC (“MSH”) on behalf of themselves and other owners of residential units in the Millennium Tower alleging causes of action relating to Plaintiffs’ allegations concerning, inter alia, the movement and tilt of Millennium Tower; 1.2 On September 14, 2017 Maui Peaks Corporation and NGMII LLC filed a First Amended Class Action Complaint in the Class Action against MSD, MSH and TJPA; 1.3 On or about January 5, 2018, Maui Peaks Corporation and NGMII LLC filed a Second Amended Class Action Complaint in the Class Action against MSD, MSH and TJPA; 1.4 On or about July 17, 2019, NGMII LLC and Ian Kao filed a Third Amended Class Action Complaint in the Class Action alleging causes of action for failure to disclose and for deceptive business practices against MSD and MSH, and causes of action for, inter alia, express indemnity, specific performance, and declaratory relief against TJPA, and Maui Peaks Corporation asserted those same causes of action against the same defendants on its own behalf; -
Transbay Joint Powers Authority
NEW ISSUE – Book-Entry Only RATINGS: See “RATINGS” In the opinion of Bond Counsel, under existing law and assuming compliance with the tax covenants described herein, and the accuracy of certain representations and certifications made by the Authority, interest on the 2020 Tax-Exempt Bonds is excluded from gross income for federal income tax purposes under Section 103 of the Internal Revenue Code of 1986, as amended (the “Code”). Bond Counsel is also of the opinion that interest on the 2020 Tax-Exempt Bonds is not treated as a preference item in calculating the alternative minimum tax imposed under the Code. Interest on the Senior 2020A-T Bonds is not excluded from gross income for federal income tax purposes. Bond Counsel is further of the opinion that interest on the 2020 Bonds is exempt from personal income taxes of the State of California (the “State”) under present State law. See “2020 TAX-EXEMPT BONDS TAX MATTERS” and “SENIOR 2020A-T BONDS TAX MATTERS” in this Official Statement regarding certain other tax considerations. TRANSBAY JOINT POWERS AUTHORITY $189,480,000 $28,355,000 Senior Tax Allocation Bonds Senior Tax Allocation Bonds Series 2020A (Tax-Exempt) (Green Bonds) Series 2020A-T (Federally Taxable) (Green Bonds) $53,370,000 Subordinate Tax Allocation Bonds Series 2020B (Tax-Exempt) (Green Bonds) Dated: Date of Delivery Due: October 1, as shown on inside cover Bonds. The Transbay Joint Powers Authority (the “Authority”) is issuing the above-captioned bonds (the “Senior 2020A Bonds,” the “Senior 2020A-T Bonds,” and the “Subordinate 2020B Bonds” and, collectively, the “2020 Bonds”). -
Millennium Tower, San Francisco
MILLENNIUM TOWER, SAN FRANCISCO Settlement, Tilting and Repair John A. Egan GE Ronald O. Hamburger, SE Senior Principal, Simpson Gumpertz & Heger Nathaniel Wagner, PE Project Engineer, Slate Geotech 16 February 2021 • Constructed 2005-2009 • 58 stories, 645 ft (197m) tall • Tallest & most expensive residential tower in San Francisco • Views from the Sierra to the Cascades to the Farallon Islands • Most expensive unit sold in 2013 for $13.5 million • Construction Cost - $600 Million Sales Cost - $750 Million 2 Some Homeowners Joe Montana Hall of Fame Quarterback Hunter Pence San Francisco Giants Superstar 3 The Site 301 Mission 2005-2009 350 Mission Transbay terminal and track tube 2012 2009-2017 200 Beale 2017-18 Salesforce Tower 4 2014-16 History of the Problem • Groundbreaking – 2005 – Settlement predicted 4”-6” • Construction completed 2009 – Settlement reached 10” – Transbay Terminal excavation starts • Last unit sold in 2013 – Settlement 13” • SGH retained in 2014 – Settlement 15” • Litigation initiated in 2016 – Settlement 17” • Adjacent construction complete 2017 – Settlement 18”, Tilt 17” to northwest 5 Why did this happen? San Francisco Downtown Area of “infirm” soils based on SF General Plan 10’ thick mat Subsurface conditions 75’ piles deep into Colma Sand 20’ (6m) – fill & rubble loose sand, brick, concrete, gravel 30’ (10m) – Young Bay Clay marine deposits – last 12,000 years 35’ (12m) – Colma Sand cemented sands with clay binder (bearing pressures up to 6 -8 ksf) 140’ (45m) – Old Bay Clay overconsolidated clays with layers -
BART Market Street Canopies and Escalators Modernization Project
Draft Initial Study/Mitigated Negative Declaration BART Market Street Canopies and Escalators Modernization Project San Francisco Bay Area Rapid Transit District April 30, 2018 Draft Initial Study/Mitigated Negative Declaration BART Market Street Canopies and Escalators Modernization Project Prepared for San Francisco Bay Area Rapid Transit District 300 Lakeside Drive, 21st floor Oakland, CA 94612 Prepared by 300 Lakeside Drive, Suite 400 Oakland, CA 94612 April 30, 2018 DRAFT INITIAL STUDY/MITIGATED NEGATIVE DECLARATION Date of Publication of Draft Initial Study/Mitigated Negative Declaration: April 30, 2018 Project Title: BART Market Street Canopies and Escalators Modernization Project Sponsor and Lead Agency: San Francisco Bay Area Rapid Transit District Contact Person and Phone Number: Janie Layton, (510) 874-7423 Project Location: Downtown San Francisco BART Stations (Embarcadero, Montgomery Street, Powell Street, and Civic Center/UN Plaza). Project Description: The San Francisco Bay Area Rapid Transit District (BART), in cooperation with the City and County of San Francisco, is working to improve escalator durability and security at station entrances/exits along Market Street leading to the underground Embarcadero, Montgomery Street, Powell Street, and Civic Center/UN Plaza station concourses. The existing entrances/exits consist of variations of side-by-side stairs and escalators leading down to the underground concourse level, and are currently uncovered and exposed to inclement weather and discarded trash leading to frequent breakdowns of the existing escalators. The proposed improvements would include the installation of canopy covers over the entrances/exits, as well as replacement and refurbishment of existing street-level escalators. Each protective canopy would also be equipped with a motorized security grille that would lock at the sidewalk level of the station entrance/exit when the stations are closed. -
Issues Are Being Reported Throughout All of San Francisco and What the City Is Doing to Resolve Them
NO. 160 PUBLISHED BY THE CENTRAL CITY A telling tale SAN FRANCISCO STUDY CENTER October of challenges 2 015 for housing 4,400 in The City UNITS IN 1400 Mission began as 25 YEARS low-income, but city made san francisco it plum for a smart builder Affordable housing built UNK S ENDERLOIN OOTS BY M ARJORIE BEGGS P ‘ T R since 1989 T WAS A SWEET BIT of chronologi- cal serendipity: In August, the city an- PAGE 3 I nounced the moderate-income lottery winners who were eligible to buy 167 condos at the new, glass-clad 1400 Mission complex at the corner of 10th Street. Two miles east, at Folsom and Main streets, the first owners began moving into Lumina, 656 super-luxe condos. The connection between the two is direct, the timing’s not coincidental, the backstory convoluted — and telling. Tishman Speyer built 1400 Mission for $65 million and Lumina for $620 million. One is inclusionary affordable housing, the other, by dint of price, exclusionary. With the exception of 23 rental apartments at 1400 Mission, all 823 condos are for sale. How much Tishman will profit from Lumina will probably be known only to Tishman Speyer. At 1400 Mission, the city 2 WHO has posted estimated sales totals for the WERE The city credited Tishman 167 condos at just nearly $50 million for under $50 million. So MOURNED meeting its inclusionary it may be fair to ask if Deosia Henderson, requirement. the big developer has used an affordable Stevie L. Newsom housing project to en- able its lucrative investment in the Lumina. -
360 Third Street San Francisco, CA 11 11 Total Building Transformation Digital, Media and Tech Powerhouse
Where Innovation Works… NAREIT Presentation San Francisco, CA November 12, 2013 John Kilroy Chairman, President and CEO Welcome 1 Agenda 303 Second Street, San Francisco I. John Kilroy Chairman, President and CEO, Welcome KRC II. Edwin M. Lee “Everybody’s Mayor, San Francisco Favorite City” III. John Kilroy 201 Third Street, San Francisco Chairman, President and CEO, KRC Update KRC IV. Chris Roeder San Francisco Managing Director, Market Update Jones Lang LaSalle 100 First Street, San Francisco V. Q&A VI. Cocktails and Hors d’ouevres 2 San Francisco Mayor Edwin M. Lee “Everybody's Favorite City” 3 John Kilroy Chairman, President and CEO KRC Update 4 Investment Thesis LOCATION PHYSICALITY YIELD & TIMING Transbay Terminal Housing Options Retail Amenities Companies need high quality space in the best locations to attract and retain their workforces 5 Premier West Coast Franchise December 2009 Annualized Pro Forma 9/30/2013 13% GREATER SEATTLE GREATER Enterprise Value SEATTLE $6.5 Billion 35% 100% NORTHERN SOUTHERN Enterprise Value CALIFORNIA CALIFORNIA $2.6 Billion SAN FRANCISCO BAY AREA 52% LOS ANGELES 12/31/2009 SOUTHERN 9/30/2013 ORANGE COUNTY CALIFORNIA SAN DIEGO LOS ANGELES ORANGE COUNTY SAN DIEGO KRC’s expanded and stronger platform generates significant value Note: Pro forma NOI reflects GAAP NOI for the 9 months ended 9/30/2013 annualized , including a full year’s contribution from acquisitions as well as near-term development projects (690 Middlefield, 331 Fairchild, 350 Mission Street, 555 N Mathilda Campus, 333 Brannan, Crossing 900, Columbia Square, The Heights) and 6 redevelopment projects currently in lease-up. -
Appendix A. Notice of Preparation and Initial Study
APPENDIX A. NOTICE OF PREPARATION AND INITIAL STUDY July 31, 2013 75 Howard Street Project Case No. 2011.1122E Draft EIR Notice of Preparation of an Environmental Impact Report Date: December 12, 2012 Case No.: 2011.1122E Project Title: 75 Howard Street Project Zoning: C-3-O(SD) – Downtown Office (Special Development) 200-S Height and Bulk District Block/Lot: Block 3741/ Lot 31, Block 3742/ Lot 12, and a portion of Block 3741 / Lot 35 Lot Size: 20,595 square feet (approximately 0.48 acres) Project Sponsor PPF Paramount Group 75 Howard Garage, LLP Lead Agency: San Francisco Planning Department Staff Contact: Don Lewis – (415) 575-9095 [email protected] A Notice of Preparation (NOP) of an Environmental Impact Report (EIR) for the above‐referenced project, described below, has been issued by the Planning Department. The NOP/Initial Study is either attached or is available upon request from Don Lewis, whom you may reach at (415) 575‐9095 or at the address above. It is also available online at http://tinyurl.com/sfceqadocs. This notice is being sent to you because you have been identified as potentially having an interest in the project. PROJECT DESCRIPTION The 75 Howard Street Project site is located on the south side of Howard Street at the intersection of Howard and Steuart Streets, in San Francisco’s Financial District, and within the Transit Center District Plan (TCDP) area. The project site consists of three lots and a portion of street right-of-way: Assessor’s Block 3741 / Lot 31, which is owned by PPF Paramount, 75 Howard Garage, L.P. -
Before the Public Utilities Commission of the State of California
BEFORE THE PUBLIC UTILITIES COMMISSION OF THE STATE OF CALIFORNIA Order Instituting Rulemaking to Consider Alternative-Fueled Vehicle Programs, Tariffs, and Rulemaking 13-11-007 Policies. (Filed November 14, 2013) CERTIFICATE OF SERVICE I hereby certify that SAN DIEGO GAS & ELECTRIC COMPANY (U902E) NOTICE OF AVAILABILITY OF ELECTRIC VEHICLE-GRID INTEGRATION PILOT PROGRAM (“POWER YOUR DRIVE”) SEMI-ANNUAL REPORT has been electronically mailed to each party of record on the service list in R.13-11-007. SDG&E is unable to serve the report to A.14- 04-014 because that service list has been closed. Any party on the service list who has not provided an electronic mail address was served by placing a copy in a properly addressed and sealed envelope and depositing such envelope in the United States Mail with first-class postage prepaid. A copy was also sent via Federal Express to the Assigned Administrative Law Judge in this proceeding. Executed this 6th day of September 2016 at San Diego, California /s/ Tamara Grabowski Tamara Grabowski CPUC - Service Lists - R1311007 Page 1 of 15 CPUC Home CALIFORNIA PUBLIC UTILITIES COMMISSION Service Lists PROCEEDING: R1311007 - CPUC - OIR TO CONSID FILER: CPUC LIST NAME: LIST LAST CHANGED: AUGUST 19, 2016 Download the Comma-delimited File About Comma-delimited Files Back to Service Lists Index Parties CAMERON SEAN GRAY JEREMY WAEN ENERGY AND TRANSPORTATION MANAGER SR. REGULATORY ANALYST COMMUNITY ENVIRONMENTAL COUNCIL MARIN CLEAN ENERGY EMAIL ONLY EMAIL ONLY EMAIL ONLY, CA 00000 EMAIL ONLY, CA 00000 FOR: COMMUNITY ENVIRONMENTAL COUNCIL FOR: MARIN CLEAN ENERGY JOHN BOESEL JOHN W. -
BART Market Street Canopies and Escalators Modernization Project
Final Initial Study/Mitigated Negative Declaration BART Market Street Canopies and Escalators Modernization Project State Clearinghouse Number 2018042081 San Francisco Bay Area Rapid Transit District June 2018 Final Initial Study/Mitigated Negative Declaration BART Market Street Canopies and Escalators Modernization Project State Clearinghouse Number 2018042081 Prepared for San Francisco Bay Area Rapid Transit District 300 Lakeside Drive, 21st floor Oakland, CA 94612 Prepared by AECOM 300 Lakeside Drive, Suite 400 Oakland, CA 94612 June 2018 Introduction The San Francisco Bay Area Rapid Transit District (BART) is acting as the Lead Agency under the California Environmental Quality Act (CEQA) for the BART Market Street Canopies and Escalators Modernization Project (proposed project). BART is working in cooperation with the City and County of San Francisco to install canopy covers over the majority of the entrances/exits at the four downtown San Francisco BART/Muni stations (Embarcadero, Montgomery Street, Powell Street, and Civic Center/UN Plaza), as well as replace/refurbish existing street-level escalators. On April 30, 2018, BART published a Draft Initial Study/Mitigated Negative Declaration (IS/MND) which analyzed potential environmental impacts associated with the proposed project. The Draft IS/MND was available for a 30-day public review period from April 30, 2018 to May 30, 2018 pursuant to Section 15073 of the State CEQA Guidelines. The Notice of Availability and Notice of Intent (NOA/NOI) to adopt the IS/MND was posted with the City and County of San Francisco Clerk and the State Clearinghouse, mailed to all residents and businesses within ¼-mile of the project site, emailed to the project’s listserv of relevant stakeholders and interested people, made available on the BART website, and provided for public review at the San Francisco Main Library at Civic Center.