San Francisco's pandemic retail apocalypse was already well underway when the three-story Union Square Uniqlo store closed in 2021, with that shopping district's H&M and The Gap having already fallen on their swords. (This was when we were still social distancing, and almost no one was eligible to get the COVID vaccine yet.) And things in Union Square would only get much worse from there.
The startup Motive, which makes software for managing vehicle fleets and recently closed a $150 million funding round, has taken a 40,000-square-foot sublease in the building, X's broker Mike Sample told SFGATE on Thursday. He confirmed that more than 700,000 square feet of space in X's old offices are still up for grabs. X and Motive's deal was first reported by the San Francisco Business Times, whose sources said that the startup would move in in phases, beginning with 25,000 square feet.
This Kensington one-bedroom has some graceful details of the period such as a built-in niche with shelves alongside recent updates, including a renovated kitchen. It's on the fourth floor of 40 Tehama Street, a six-story, 75-unit brick elevator building. The apartment complex opened in 1939, according to the certificate of occupancy. The red-brick Streamline Moderne building detailed with vertical and horizontal lines of bricks was designed by busy architect firm Kavy & Kavovitt. Appointments at the time included Electrolux fridges, according to a contemporary ad.
Although the project was originally proposed to be a mixed-income building, financial constraints emerged amid a rocky housing market, said Mark MacDonald, the CEO of DM Development, a San Francisco-based firm specializing in mixed-use development and one of the community partners spearheading the project. MacDonald pointed to the capital markets in San Francisco slowing down post-pandemic, as well as skyrocketing interest rates and decreased investor interest, which is "why you don't really see any cranes in the sky in San Francisco now." Compounded with extended dialogue among the neighborhood and community, the permitting phase and entitlement process were lengthy, he said. But without SB 35, it would have taken even longer to get to groundbreaking.
Nicole Kidman has applied for residency in Portugal as she seeks to spend more time in Europe, having already submitted paperwork to the country's Agency for Integration, Migration and Asylum.
Residents of high-tax states suffered the most with the previous cap on state and local taxes (SALT), because their taxes far exceeded the cap, they were not able to deduct the full amount like residents in low-tax states.
At least 38,600 residential structures were within the flood zone during the July 4 Texas floods, with Tom Green, Travis, Williamson, Burnet, and Kerr counties having the highest number of potentially impacted properties.
Residents in Great Falls, MT expressed intense frustration over skyrocketing property tax bills due to assessed values reflecting soaring home prices, demanding explanations from local officials.
The Guadalupe River reportedly surged more than 20 feet, sweeping away homes, cars, and entire cabins in its path. Communities have been left reeling as floodwaters destroyed countless homes, displacing residents across the region.