Only Handful Of Bay Area Cities Are Exceeding Their Housing Obligations
The Bay Area is extremely behind in meeting the housing needs for its population growth. For every eight jobs created, only one unit of housing has been built, according to Bay Area Council Senior Vice President, Public Policy Matt Regan.
From 2007 to 2014, the Bay Area only built 57% of its 214,500-unit Regional Housing Need Allocation set by the state, according to a report from the Association of Bay Area Governments.
The California Department of Housing and Community Development calculates…
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Parcel For Sale In Downtown Oakland
A parking lot in Downtown Oakland has hit the market and could provide a buyer with a site for a multifamily high-rise. While there is no listing price, 1523 Harrison St. could sell for $15M to $20M, the San Francisco Business…
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AUTOWRKX Takes The 'General' Out Of General Contractor
Appealing to customers, achieving a dealer/operator's vision, supporting auto manufacturers' image branding requirements, installing sophisticated machinery, and coordinating the schedules of numerous individuals and trades all make automotive projects highly complex. New dealership construction and renovation requires close collaboration. If…
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Developer Receives Extended Closing Date For Alameda Project
The developer planning to build within the former Alameda Naval Air Station has secured an extended closing date for the financing of its project. Alameda Point Partners, which said it was facing default earlier this year due to rising construction costs,…
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Harvey Hammers Oil Refineries, Impacts Spill Into Commercial Real Estate
The most powerful hurricane to hit Texas in half a century slammed the U.S. Gulf Coast over the weekend, uprooting thousands from their homes and causing billions of dollars worth of damage to commercial and residential properties.
As waters continue to rise, the damage is ongoing. Hurricane Harvey has already struck the U.S. oil and gas industry hard, knocking out refineries that account for a major portion of the country's oil-refining capacity.
“The hurricane in Houston is going to take about 15% of the refining capacity of the U.S. out of business for a period of days or weeks," JLL International Director Bruce Rutherford told Bisnow. "So supplies of gas, diesel. Prices at the pump will go up. The general effect of the hurricane on the American economy will be negative."
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Is Nordstrom The Next Major Retailer To Be Acquired By Amazon Or Walmart?
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