Salesforce Cancels Lease For New Tower

By John : thesfnews – excerpt

SAN FRANCISCO—Salesforce canceled their lease on its 325,000-square-foot at the Parcel F Tower that was planned to be built in the San Francisco’s Transbay District. In February, Salesforce adopted a permanent remote work policy due to the pandemic, allowing employees to work from home one to three days a week. Salesforce stated last month that the new policy would shape their real estate plans.

The news was first reported by the San Francisco Business Times on Monday, March 8 real estate developer Hines stated during a city hearing, the Salesforce lease for Parcel F, “…is no longer in hand.” The new tower was planned to be 61-stories of office space for Salesforce that is no longer needed under its new policies…(more)

J.P. Morgan Provides $600M CMBS Refi on San Fran Towers Leased to Uber

By Mack Burke : commercialobserver – excerpt

The two towers are leased to Uber and are part of a larger mixed-use site around the $1.4 billion Chase Center, the new arena of the NBA’s Golden State Warriors

A sponsorship group led by Uber and the NBA’s Golden State Warriors has secured $600 million in commercial mortgage-backed securities (CMBS) debt that was originated by J.P. Morgan Chase in order to refinance the new Chase Center Towers in San Francisco’s Mission Bay neighborhood, according to ratings agency analysis of the transaction…

The Golden State Warriors — under the ownership entity GSW Sports, led by the team’s majority owner, chairman and CEO Joe Lacob — and Uber Technologies each have 45 percent interests in the joint venture, while Pasadena, Calif.-based real estate investment trust Alexandria Real Estate Equities owns a tenth of the partnership. The group was formed in March 2018…. (more)

Looks like we were right about the business plans of tech companies. They were gathering cash to invest in real estate, planning to lay off workers as soon as they were no longer needed.

A Backlash Against Cities Would Be Dangerous

By Scott Wiener, Anthony Iron : theatlantic – excerpt

Undue fears of urban density warp public policy—and make Americans more vulnerable.

Cities are a boon for public health—even now. As public-health experts have known for decades, people who live in a city are likely to walk and bike more often, and they live closer to community services such as grocery stores. Urban density also supports faster emergency-response times, better hospital staffing, and a greater concentration of intensive-care beds and other health-care resources.

In fact, no correlation exists between population density and rates of COVID-19 infection, according to recent studies examining the disease in China and Chicago. But if state and local governments still conclude that density itself is a problem, they are more likely to promote suburban sprawl as a matter of law—instead of making the accommodations, in their housing stock and their streetscapes, that allow people to live in cities safely and move about them comfortably…

One difference between New York City and San Francisco? The Bay Area responded to the pandemic earlier and more decisively than New York did, imposing social-distancing measures before major cities on the East Coast.…(more)

There is a difference between opposing cities and opposing unlimited growth in cities. The headline is misleading and the logic is missing. Senator Wiener aligns himself with the administration in Washington if he suggests we should return to business as usual. Most of his constituents disagree.

After being cooped up in tight quarters for weeks people are eager to get out. There was an exit from cities underway before the pandemic. Now the pace is picking up. Many workers have successfully transitioned to working at home and do not plan to return not the office. Employers are re-thinking their need for office space.

Cutting down on commuters does a better job of clearing the air than building dense transit-oriented housing and offices. The new normal will not be dense development. New health standards will require more space between people, throwing the crowding for profit principal  out. This will probably devalue property and reduce local taxes. Downsizing seems inevitable.

RELATED:

Gov. Andrew Cuomo of New York was blunt about the rationale behind this time of quarantine.

“There is a density level in NYC that is destructive,” he tweeted Sunday, after similar comments at one of his daily press briefings. He’d seen New Yorkers out in parks together, behaving as if this were a normal sunny spring weekend, and he was dismayed. Togetherness itself could now be deadly.

“It has to stop and it has to stop now,” he tweeted. “NYC must develop an immediate plan to reduce density.”… (more)

Now that Twitter employees can work at home forever, what’s to become of its headquarters?

By Brock Keeling : curbed – excerpt

The tech titan’s move into an Art Deco monolith in Mid-Market was supposed to be a symbol of change.

Jack Dorsey, Twitter CEO, emailed his employees Tuesday to tell them that they can work from home permanently, even after the pandemic’s shelter-in-place order ends.

“If our employees are in a role and situation that enables them to work from home and they want to continue to do so forever, we will make that happen,” a Twitter spokesperson said in a statement…

Under the lure of a tax break granted by the late Mayor Ed Lee, Twitter rented the building from Shorenstein Company. Amenities added inside the renovated digs include yoga rooms, a cafeteria serving artisan fare and microbrews, a rooftop deck for employees to soak in some vitamin D, and a garden.

The move, given much ink at the time, was supposed to kickstart a neighborhood-improvement trickle down effect, which wasn’t entirely successful. Restaurants boasting Michelin-starred pedigree, like Cadence and Alta, came and went in a matter of months. Open-air drug use and visible human suffering remains a problem. At best, Twitter’s presence sparked interest in the blighted area, helping nudge new housing in the neighborhood (see: Nema and Ava). At worst, the company’s Mid-Market takeover only magnified—without solving—the city’s glaring economic gap… (more)

 

Tech Workers Consider Escaping Silicon Valley’s Sky-High Rents

By Sarah Frier : bloomberg – excerpt

After major companies announce their employees won’t need to come in, many are recalculating the cost of living near the office…

Both Facebook and Google have announced that most people won’t need to come in this year, and Twitter Inc. has told some workers that if they wish to work from home permanently, they can. Employees are now considering the thousands of dollars they could save living somewhere else—maybe even permanently. Urban parents of young children suddenly find themselves coveting backyards and playrooms in larger homes that would be affordable on a tech salary pretty much anywhere except the Bay Area..

BOTTOM LINE – The pandemic is leading many tech employees to consider working from home permanently, so they can escape California’s sky-high rents for less expensive digs elsewhere….(more)

‘Hub’ plan at Market and Van Ness faces key vote

By : sfexaminer – examiner

Project would make room for more than 15,000 more residents in the transit-rich area

Planning officials on Thursday will weigh key approvals to upzone the area of Market and Van Ness, a plan which could make room for more than 15,000 more residents in the transit-rich area.

The San Francisco Planning Commission will take a vote on certifying an Environmental Impact Report for an 84-acre area development plan touching South of Market, Western Addition, Civic Center, and Mission neighborhoods. The zoning changes ,through what’s known as the Hub Plan, would increase height limits for 18 sites, boosting the number of units by 8,100 new residential units…

“It’s a big deal being decided in the middle of a pandemic,” Henderson said. “We as a city need to think about how we can house teachers and essential workers. We should be planning in that political paradigm, a post-pandemic reality.”… (more)

Coronavirus Impact: Santa Clara Co. proposal would allow more employees to work from home after pandemic

abc7news – excerpt (includes video)

Board president Cindy Chavez is laying the groundwork for what some are calling a visionary plan.

“Let’s be as creative and innovative as we can. Let’s not let all the suffering that we’ve had for the last eight weeks go to waste,” she said.

After the COVID-19 pandemic is over, Chavez is looking for a commute-free commitment from large Silicon Valley companies, when and where it’s possible.

The proposal would start with the 22,000 employees county-wide, and if approved by the board, departments would be asked to look at ways to support as much telecommuting as possible…

The Silicon Valley Leadership Group, a diverse public policy organization representing more than 350 companies, supports the idea and says the more participation the business sector can have in formulating the plan, the more it’ll be embraced by others.…(more)

In my opinion working closer to home is the key to making stronger more independent cohesive neighborhoods. If more people work at home they will have more family time and more leisure time and that will translate into more time spent in their neighborhoods. The more time they spend in the neighborhoods the stronger the local communities will be.

Report: S.F. Dept. of Building Inspection flooded with construction complaints

By : bizjournals – excerpt

San Francisco’s Department of Building Inspection has been hit with a slew of complaints of nonessential construction in violation of the shelter in place, the San Francisco Chronicle reports.

The city received 730 complaints of unauthorized work from March 30 to April 8 — 180 that went to the building department and 550 through the city’s 311 customer service center — according to the Chronicle, a volume that is heavy for the department, which prior to the shelter-in-place order averaged 12-15 referrals a day…(more)

State Initiates Environmental Review for Proposed Delta Conveyance Project, Begins Public Scoping

press release : eastcountytoday – excerpt

SACRAMENTO, Calif. – The Department of Water Resources (DWR) released a Notice of Preparation (NOP) for a proposal to modernize water infrastructure in the Sacramento-San Joaquin Delta, initiating environmental review in compliance with the California Environmental Quality Act (CEQA). The NOP, announcing the preparation of an environmental impact report (EIR) for the proposed Delta Conveyance Project, marks the first step under the CEQA process.

The proposed project described in the NOP is a single underground tunnel with two intakes that together have a total diversion capacity of 6,000 cubic feet-per-second (cfs). The NOP notes that there will likely be alternatives identified that evaluate a range of capacities from 3,000 cfs to 7,500 cfs. The NOP signals the start of the scoping process for the EIR and provides an opportunity for members of the public and agencies to provide input on the scope and content of the EIR, including information needs, potential project effects and mitigation measures, and possible alternatives to the proposed project…

The purpose in proposing this project is to develop diversion and conveyance facilities in the Delta necessary to restore and protect the reliability of California’s water deliveries south of the Delta in a cost-effective manner, and consistent with the recently released draft Water Resilience Portfolio.…(more)

Single tunnel water suck from the Delta is under review.

Need to Protect Installed Solar Systems

December 9, 2019

Supervisors:

re: Consider Legislation to protect installed solar rooftop systems

Please consider legislation to protect installed solar rooftop systems as you move forward legislation to required them.

As we celebrate the record number of solar panel installations in California, we need to consider what can to done legislatively to protect the installed systems and keep them functioning at the most efficient levels possible.

Solar works in the fog and the rain and cold but it doesn’t wok in shade. We understand their are newer systems function better under partial shade conditions than the traditional ones, but the ones in operation now do not.

Please consider the importance of keeping the solar systems functioning as you work on legislation to require installations. We have done some investigations and discovered legislation written and in use for years by the city of Santa Cruz. We can share our findings with you if that will help move San Francisco legislation forward.

Please share message with your colleagues and staff. Expanding solar installations and local energy grid systems should be considered as a primary method to remove the threat of wildfires and cut the use of non-renewal fuels.

Sincerely,

Mari Eliza, concerned citizen and long-time solar panel owner

%d bloggers like this: