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SAN FRANCISCO HEADLINES WHAT YOU MAY HAVE MISSED THIS MONTH: SF housing prices rise again according to Core Logic estimate Warriors and Kaiser rename neighborhood 'Thrive City' Plans for 30-unit Bayview development have been drafted Refined pitch for Presidio redevelopment revealed Mortgage rates drop to 16-month lows COMMUNITY SF housing prices rise again   "Earlier this month a host of sources, including the Orange County-based data firm Core Logic, reported that the median price of a house in San Francisco declined year-over-year for the first time in seven years. The depreciation was a bare margin of 1.4 percent or less, depending on the source. But coming as it did after years of nonstop increases, it still qualified as a shocker. But (not so) easy come, easy go is the law of the land: Now Core Logic has released its early estimate for May and reports that SF’s median price leapfrogged last year’s price, jumping 5.7 percent compared to April of 2018." CONTINUE READING ON CURBED   Warriors and Kaiser rename neighborhood around Chase Center ‘Thrive City’   "The Golden State Warriors and Kaiser Permanente announced a deal today to rename the neighborhood surrounding Chase Center “Thrive City,” a hat tip to the Oakland healthcare company’s “Thrive” slogan. The newly christened area will encompass the 11 acres surrounding the upcoming arena, from Third Street to South Street to Terry Francois Boulevard to 16th Street—which is to say it will measure one very long block." CONTINUE READING ON CURBED   Transbay Transit Center reopening delayed until at least July   "While the public waits for an official reopening date for the multibillion dollar Transbay Transit Center, June is now off the table. Shortly after repair work concluded earlier in May, Transbay Joint Powers Authority (TJPA) Executive Director Mark Zabaneh predicted that it would take roughly four weeks worth of retraining to get bus traffic moving through the facility again." CONTINUE READING ON CURBED   DEVELOPMENT PIPELINE Denser Infill on the Boards   "Having sat vacant since the former meat market on the site was demolished three decades ago, plans to develop the Bayview parcel at 5012 Third Street have been drafted. Zoned for development up to 40 feet in height, with standard density limits in place, initial discussions with Planning had envisioned a four-story building, with 9 condos over a ground floor commercial space and 8-car garage, to rise on the 5,554-square-foot lot. But plans for a six-story building to rise up to 65 feet in height upon the site, with 30 smaller condos over a 755 square foot retail space fronting Third Street, and no garage, have since been drawn, with plans to leverage San Francisco’s HOME-SF program for the additional height and density." CONTINUE READING ON SOCKETSITE   Refined Pitch for Presidio Redevelopment Revealed   "Having been thoroughly panned by the Presidio Trust’s staff, the singular proposal to redevelop the 30-acre Fort Winfield Scott campus in the Presidio has been revised and refined (as expected). From the revised proposal: The Presidio Trust Preliminary Staff Report and feedback from the Presidio Trust board at the April 24 public presentation focused on four major issues: 1. Fort Scott must be a mission driven campus for the duration of the lease. 2. All required site and infrastructure improvements must be funded by the project. 3. Relocation of the Park Police must be funded. 4. Adequate transportation access must be provided and funded by the project." CONTINUE READING ON SOCKETSITE   MISCELLANEOUS Mortgage rates extend decline, sinking to 16-month lows   "After five weeks of declines, mortgage rates are at their lowest levels in 16 months. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 3.99 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount and are in addition to the interest rate.) It was 4.06 percent a week ago and 4.56 percent a year ago. The 30-year fixed rate moved below 4 percent for the first time since January 2018." CONTINUE READING ON THE WASHINGTON POST