Steven T. Jones

SF bankers now exporting tenant-displacing TIC loans

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Fractional mortgage loans used to convert apartments into owner-occupied tenancies-in-common have fed the eviction and displacement crisis in San Francisco, where the median home price just surpassed $1 million for the first time. Now, some of the same San Francisco banks that pioneered fractional loans here have started offered them in the East Bay and on the Peninsula.Read more »

Motorists fight back

Ballot measure seeks to prioritize cars and undermine SF's "transit-first" policy

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Believing that they're somehow discriminated against on the streets of San Francisco, a new political coalition of motorists, conservatives, and neighborhood NIMBYs last week [Mon/7] turned in nearly twice the signatures they need to qualify the "Restore Transportation Balance in San Francisco" initiative for the November ballot.Read more »

Angry building owners threaten lawsuit over anti-speculation tax

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Opponents of the anti-speculator tax that will appear on the November ballot blasted the proposal in a City Hall hearing yesterday [Thu/10] — pledging to defeat the measure in court even if voters approve it — but they were overwhelmed by a strong turnout from supporters who said real estate speculation drives up the cost of housing without adding any value.Read more »

Treasure Island development plans moving forward after lawsuit rejected

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Construction on the first 1,000 of up to 8,000 new homes planned for Treasure Island could begin as soon as next year after the State Appeals Court this week rejected a challenge of the project’s environmental impact report by Citizens for a Sustainable Treasure Island, a grassroots group led by former supervisor Aaron Peskin.Read more »

Motorists fight back in "transit-first" San Francisco

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Believing that they’re somehow discriminated against on the streets of San Francisco, a new political coalition of motorists, conservatives, and neighborhood NIMBYs yesterday [Mon/7] turned in nearly twice the signatures they need to qualify the “Restore Transportation Balance in San Francisco” initiative for the November ballot.Read more »

Taxing speculators

Rival housing measures debated in City Hall, previewing high-stakes battles at the ballot

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steve@sfbg.com

Political tensions over evictions, displacement, real estate speculation, and rapidly rising housing costs in San Francisco are likely to heat up through the summer and autumn as a trio of November ballot measures are debated and combated by what's expected to be a flood of campaign cash from developers and other real estate interests.Read more »

Jury rejects civil claim of Oscar Grant III's imprisoned father

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When a jury in San Francisco this week rejected the civil lawsuit claims of Oscar Grant Jr., the imprisoned father of Oscar Grant III — who was shot to death by then-BART Police Officer Johannes Mehserle on the platform of Fruitvale Station on New Year’s Day 2009 — were jurors exhibiting a bias against convicted criminals?Read more »

Guardian on the move: Into the mall, under new management

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There were a couple of big changes for the Bay Guardian this week. We and our sister newspapers within San Francisco Media Company — San Francisco Examiner and SF Weekly — moved into the Westfield Mall. Yes, the mall, but in the fifth floor business offices formerly occupied by the San Francisco State University School of Business extension program.Read more »

Uber wants to be the Vegas of gay weddings, only even faster

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In their frantic desire to be first with the next big thing and to grab market share by any means necessary, tech companies often act before really thinking through the implications of their ideas. And with its latest idea — facilitating on-the-spot weddings during Pride weekend — rideshare company Uber has finally jumped the shark.Read more »

Grand Jury warns SF to prepare for rising seas

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Following its recent report criticizing the Port of San Francisco for being unduly influenced by wealthy developers and their allies in the Mayor’s Office, the San Francisco Civil Grand Jury today released its second report of the current session, calling on the city to do more to prepare for the impacts of global warming.Read more »