A large project using the new San Francisco density bonus received approval from the Planning Commission late last month, and may break ground by June.

The San Francisco Planning Commission on Thursday advanced a 193-unit residential project at 65 Ocean Ave. despite pressure from community advocates to fully study the impacts of the development on the surrounding neighborhood.

The bigger plans for the development would now yield 193 residential units, 48 of which would be offered at below market rates (BMR), with a basement garage for 121 cars and 149 bikes, and a 5,900-square-foot child care facility on the building’s ground floor.

A joint venture between two local commercial real estate firms has acquired the home of a tequila bar and Mexican restaurant in downtown San Francisco, which the firms plan to redevelop into a pair of office buildings. Presidio Bay Ventures and Long Market Property Partners purchased 130 Townsend St. from owner Gregory Melanson for $24 million, or about $2,413 per square foot.

Presidio Bay Ventures has sold a luxury Oakland apartment complex to an undisclosed buyer in the East Bay's largest per-unit multifamily transaction to date. The Amador, a 25-unit building at 4445 Piedmont Ave., went for $19.4M, or $776K per unit, according to CBRE, which represented Presidio Bay Ventures. The transaction closed in May.

The Garland, a mixed-use downtown building home to the historic Globe Theatre, has received $7.8 million in financing for energy, water and infrastructure improvements. The money was provided by Sausalito-based CleanFund Commercial PACE Capital Inc.

CleanFund, the leading nationwide provider of Commercial Property Assessed Clean Energy (C-PACE) financing, today announced providing $7.8 million for the energy, water and related infrastructure improvements supporting the adaptive re-use of The Garland, an 11-story, 82,000 square-foot downtown Los Angeles mixed-use property in the burgeoning Broadway Theater District that is also home to the Globe Theatre.

CleanFund, the leading nationwide provider of Commercial Property Assessed Clean Energy (C-PACE) financing, today announced providing $7.8 million for the energy, water and related infrastructure improvements supporting the adaptive re-use of The Garland, an 11-story, 82,000 square-foot downtown Los Angeles mixed-use property in the burgeoning Broadway Theater District that is also home to the Globe Theatre.

CleanFund, the leading nationwide provider of Commercial Property Assessed Clean Energy (C-PACE) financing, today announced providing $7.8 million for the energy, water and related infrastructure improvements supporting the adaptive re-use of The Garland, an 11-story, 82,000 square-foot downtown Los Angeles mixed-use property in the burgeoning Broadway Theater District that is also home to the Globe Theatre.

Resolution reached approving a Vertical Disposition and Development Agreement between the Port and a joint venture between TMG Partners and Presidio Bay Ventures for the sale of Parcel K North, located at 20th Street and Illinois Street, by the Port Commission; and adopting findings under the California Environmental Quality Act, and findings of consistency with the General Plan, and the eight priority policies of Planning Code, Section 101(b).

The path forward for a new residential development at the old Lucky Penny site at 2670 Geary Blvd., would be well-defined if the Board of Supervisors approves a new Geary-Masonic Special Use District.

The live and recorded public meeting of BOS with the Land Use and Transportation Committee for our 5 Masonic project.