Jason
103 posts

Jason
@jasonwb
just here for the scenery, and to angry tweet at corporate twitter
Katılım Şubat 2010
733 Takip Edilen53 Takipçiler

The alarming thing is that almost all of these buyers from 2025 got priced out of the market on the north side of San Francisco
Only a few single family home transactions took place in this range, mostly in the Marina
Rohin Dhar@rohindhar
Heard an anecdote today that there are about 40 buyers looking for a house in the north side of San Francisco in the $4-7MM price range And there’s not a single one for sale
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@mnolangray Another factor is leases of small stores have provisions for rent cuts or to exit the lease if an anchor store closes. So if Macys closes but retains the lease, other shops have the right to leave as well, and then the mall operator may depend on Macys to approve new leases
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@mnolangray I’ve worked on redevelopment of a few malls. Cross parking easements benefiting many tenants (big box and otherwise), makes development of out parcels uniquely challenging. Another factor which ties to anchor tenants is that some were given below market rent, so why close shop
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The main reason for the dead mall phenomenon, which is overstated, is that the OG anchor tenants (Sears, JCPenny, etc) cowed owners into agreeing to give up veto power over every aspect of management; a huge headache when they all went bankrupt due to vanilla market trends.
Elizabeth Warren@SenWarren
How private equity gutted local malls: Joann Fabrics, Red Lobster, Claire's, and more.
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@mattyglesias Another realistic explanation is that the protests were a foreign influence campaign.
They ended because foreign entities stopped organizing them.
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@StaffordLover9 @WilliamofKent @Britannica So you agree that 100.16 is under a thousand and has an A
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@WilliamofKent @Britannica 0/10 knowledge, it’s one hundred-eighty. The and only counts for decimals, such as 100 and 16 hundredths
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@realEstateTrent I’m redeveloping an office complex across the highway and have tenants to move. I may reach out
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Folks looking for small office suites don't have great options.
Gross, old buildings, or annoying co-working spaces.
So -- we built this.
What's the best way to get the word out? 🙏
officesatsanramon.com
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@mattyglesias The county has a no growth ordinance preventing new municipalities from being formed (I believe a voter referendum). Therefore they need to annex into an existing city, which still needs to be approved by the county but is a lower bar. See the other comment on LAFCO.
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@ZaxxonGalaxian @hecubian_devil San Francisco gets close to LA but also has a good amount of open space in this area (golden gate park, the presidio, twin peaks, etc)

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@hecubian_devil Really? I would have guessed Chicago, Philly, and San Francisco would come close for density.
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@CSElmendorf @BuffyWicks @Scott_Wiener Got it, I thought some CEQA reform was in the budget bill itself, but all of the reforms are actually in the trailer bills it sounds like. There were some talks about reforms going into effect immediately once signed by the governor
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@jasonwb @BuffyWicks @Scott_Wiener TBD, i think the trailer bills are scheduled to be voted on next monday
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An update on California's CEQA / housing package as we hurtle toward the finish line.
tldr: @BuffyWicks's CEQA infill exemption is now *even better* than the 6/24 draft ⤵️; and it looks like @Scott_Wiener will land most of the fish in SB 607 but not the real lunker.
🧵/25
Chris Elmendorf@CSElmendorf
Big news from CA: new budget "trailer bill" will effect biggest CEQA reforms ever (should it pass), and points toward plausibly workable detente between key labor unions & housing developers. Kudos to @BuffyWicks, @GavinNewsom & @cayimby. 🧵/18
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@TheStalwart Chevron is moving out of their San Ramon HQ so may just be a wind down of that office. danvillesanramon.com/san-ramon/2025…
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@VolodyaTretyak Agricultural products moved by river transport (maybe as a percentage)
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@Jessica925cre When it gets leased, what is the use?
What are the traits of spaces that get leased vs not (size of space, dimensions like depth, HVAC set up, density in surrounding areas, TOD)?
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I was asked to by a multi-family developer to run a study on retail vacancy within suburban MF projects built in the past 15 years.
The results of just one submarket: 28% overall vacancy rate for retail within a mixed-use project.
The retail vacancy rate in that same submarket: 5.5%
5x more vacancy in MF oriented retail.
Despite the efforts of municipalities who continue to push and demand retail as part of suburban MF development, with a few exceptions, it simply doesn’t work.
But my team isn’t going to just stop at this data point, we are diving deeper into the data, next we will tackle lease up timeframe.
What other data points should we include as we expand our study?
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@zellerpants What mind if DC contents? Like mundane city stories or politics. Do you hate politics?
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@ClarenceWongCRE @jandreini1 It was probably rezoned residential, and if a commercial use ceased for 6 months special approvals would be required to continue the non-conforming use.
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@jandreini1 What a wild automatic “re-zoning” clause below.
Where is this prop located, @jandreini1?
“After being open for 6 months, a local resident discovers deep in the planning code a clause that requires any building vacant for 6 months to be automatically re-zoned to residential.”
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How things can go wrong in real estate development:
Below is a story about a property where the City approved a 7-Eleven , but 6 months later revoked the permit after they opened:
Developer acquires property and executes 10-year lease with 7-Eleven.
After being open for 6 months, a local resident discovers deep in the planning code a clause that requires any building vacant for 6 months to be automatically re-zoned to residential.
Because the property was vacant for over 6 months during the 7-11 permitting period, the City Council unanimously voted to revoke the permit and re-zone the property to residential.
The store closes.
Loan is in default.
The 7-Eleven the City approved to open can now only be residential. Lawsuits fly around.
Today when you drive by the store you see a residential development with no signs of a previous store.
Welcome to commercial real estate development.

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