Salesforce.com has continued its leasing spree in downtown San Francisco by signing on to occupy about 235,000 square feet at Rincon Center, located at 101 Spear Street, between Mission and Howard streets. Read More
The rush of money into city political campaigns was not just limited to candidates. Campaigns for several San Francisco ballot measures had price tags in the neighborhood of $1 million.
Based on recent filings with the Ethics Commission, the largest spending on ballot measures was for the $195 million parks bond and on the measure to replace San Francisco’s business payroll tax with a tax on gross receipts. Both campaign war chests were about $1 million. Read More
Although San Francisco’s summer jobs initiative failed to create all 2,500 of the desired private-sector positions, it surpassed Mayor Ed Lee’s overall goal of 5,000 jobs by placing more youths in positions with city government. Read More
Civic Center Plaza has been shut down to host large-scale events for extended periods during the past two months, prompting a San Francisco supervisor to complain about the Recreation and Park Department’s stewardship of the space.
Since last week, the plaza between City Hall and the Main Library has been closed down for preparations leading up to the Dew Tour, a skateboarding, bicycle and freestyle motocross event that will begin today. Read More
After more than a decade of conversation, San Francisco voters will finally have the opportunity this November to replace The City’s tax on employee payrolls with a tax on the revenues that businesses bring in.
The 1.5 percent tax on business payrolls in excess of $250,000 has long been maligned as a “job killer” and a disincentive for companies to do business in San Francisco, the only city in California with such a tax. Read More
In early 2010, Marc Benioff, founder and chief executive of Salesforce.com, summoned several of his top real estate and finance executives to his San Francisco home to float a bold idea.
He envisioned a world-class corporate campus to house the high-flying provider of online sales management tools, which employed more than 2,500 people in the city. Read More
Tech migration to San Francisco is continuing on a steady pace, with leases inked for more than 1 million square feet of office space in 2012 alone, according to the Mayor’s Office.The figure was released in conjunction with an announcement Thursday that department store retailer Macys.com signed a 15-year lease for more than 240,000 square feet at 680 Folsom St. in the South of Market neighborhood. Read More
The massive new Salesforce.com campus at Mission Bay will continue unperturbed, despite the elimination of agency that oversees such projects.Although the plans are expected to survive the death of the Redevelopment Agency, it remains unclear exactly how The City will find traction for massive projects in the future. Read More
The death of San Francisco philanthropist Warren Hellman was felt across The City by the organizations he helped and the people who benefited from his generosity.
Although Hellman was best known for creating and funding the Hardly Strictly Bluegrass festival, he also gave money to education and arts causes across the Bay Area through his family foundation. Read More
Future funding for revitalizing blighted areas in San Francisco hinges on the results of a California Supreme Court ruling expected in the coming weeks.Gov. Jerry Brown pointed to city redevelopment agencies as cash-wasting bureaucracies when he took office in January, and he signed a pair of bills last summer that allow them two options: Go away completely or rely much more heavily on financing from local governments. Read More