Waxxy

@laura-waxmann.bsky.social

Business reporter for San Francisco Chronicle: Real estate, development, downtown, San Francisco things. Formerly with SF Business Times; SF Examiner; Mission Local; El Tecolote. 💌 laura.waxmann@sfchronicle.com

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Scoop: Months after revealing controversial plans to turn a Safeway in #SanFrancisco’s Marina District into a massive housing project, the developer behind that effort is proposing to transform a Trader Joe's Joe’s in an affluent part of Oakland into a pair of towers for seniors. @sfchronicle.com

Popular Trader Joe’s in Oakland could be replaced by two apartment towers for seniors

The developer confirmed that the Trader Joe’s store on the site will shutter permanently once construction starts.

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Exclusive: After years of sitting mostly empty in Union Square, @BarneysNY's former flagship may be getting a second act. #SanFrancisco billionaire investor Michael Moritz is said to be eyeing the iconic building at Stockton & O’Farrell. @sfchronicle.com

Exclusive: Billionaire Michael Moritz said to be targeting Union Square building for new S.F. hub

The notable space in Union Square could become the home of the billionaire’s Crankstart Foundation.

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As #SanFrancisco pushes to turn its struggling downtown into a 24/7 neighborhood, a quieter effort in nearby Chinatown is envisioned to create lasting economic and cultural activity: The Empress of China building's sale to a nonprofit with plans for a new museum. @sfchronicle.com

Exclusive: Chinatown nonprofit buys Empress of China building, betting culture can revive downtown S.F.

A nonprofit’s purchase of the iconic building is set to feature a new museum that would anchor a growing cultural campus in the neighborhood.

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NEW: On Treasure Island, where the fog curls over the Bay with predictability & #SanFrancisco skyline feels within reach, something unusual disrupted the orderly neighborhood this week: a self-driving robot, the size of small refrigerator, gliding methodically across a parking lot. @sfchronicle.com

These autonomous robots drive to your electric car — and charge it

These self-driving robots are designed to do away with one of electric driving’s inconveniences: the charging station.

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Exclusive: Downtown San Francisco’s newest office tower is mostly empty despite improving market conditions. Its sole tenant is eyeing an exit. Now, the developer is in the process of turning over the overlooked high-rise and centerpiece of ambitious $1B '5M' plan to new owners. @sfchronicle.com

Exclusive: S.F.’s newest office tower is mostly empty — and now changing ownership

The tower remains mostly empty, despite the trend of newer, higher class offices in San Francisco being in high demand.

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The owner of the Caltrain railyards in #SanFrancisco is advancing a plan that would turn the 20-acre property into a dense high-rise neighborhood with an 850-foot skyscraper, thousands of homes and millions of square feet of commercial space. @sfchronicle.com

First look at plans to turn S.F. railyard into high-rise neighborhood with thousands of homes

The first phase is expected to include housing and office space, but the exact mix remains in flux. The project could also include a hotel.

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While details of the pending deal to sell the Transamerica Pyramid remain unclear, its European buyer's entrance into the market could be a quiet but potent bet that the building, and San Francisco’s office market, still have another chapter to write. @sfchronicle.com

Transamerica Pyramid sale could be turning point for S.F. real estate

The iconic building’s sale to a Cyprus firm could be a sign of renewed international investor appetite in San Francisco real estate.

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#SanFrancisco's new zoning plan requires a minimum # of homes to be built on select sites. The rule seems to be working as intended: A plan for ≈100 luxury homes in an upscale area has been scrapped. But is it now too expensive to build denser housing there instead? @sfchronicle.com

Luxury housing was planned for this S.F. campus. The city’s ‘Family Zoning’ plan scrapped it

A developer had a deal to build 100 upscale homes in this wealthy San Francisco enclave. But the developer said the city's recent rezoning plan made the project too expensive to build.

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NEW: #SanFrancisco's retirement system, SFERS, is ready to flee troubled Mid Market, setting sights on the Financial District. Could a last min intervention by downtown Supervisor Matt Dorsey keep 100+ office workers in an area that desperately needs them? @sfchronicle.com

S.F.’s pension fund’s planned exit from Mid-Market delayed over neighborhood vacancy concerns

A supervisor is asking if city workers should leave a neighborhood that has been hit by waves of businesses leaving.

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The Trump administration has given the #SanFrancisco Housing Authority 30 days to verify the citizenship status of an unspecified list of tenants who are receiving rental assistance from the agency, which began reaching out to households last week. @sfchronicle.com

Trump administration demands citizenship checks for S.F. public housing tenants

The request comes as part of a new directive from the U.S. Department of Housing and Urban Development.

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Anthropic has landed as expected. One of the artificial intelligence sector’s marquee companies closed a deal Friday to occupy all of 300 Howard, in what is expected to be one of largest single-tenant office leases signed in downtown #SanFrancisco since the pandemic. @sfchronicle.com

Emerging tech titan Anthropic to take over an entire office building in downtown S.F.

It's the latest lease by the San Francisco company that is a leader in artificial intelligence, and one of the largest office deals since the pandemic.

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Scoop: San Francisco’s office recovery is increasingly being written by artificial intelligence, with two AI companies moving toward significant leases in Showplace Square — a neighborhood that previously symbolized the city’s tech-era pullback. @sfchronicle.com

Tech firms move toward significant office leases in S.F.’s Showplace Square

The arrival of two AI companies signals a broader transformation of San Francisco’s Showplace Square from an industrial and arts enclave into a hub for education, technology and innovation.

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Exclusive: Major shakeup at iconic Transamerica Pyramid is underway, leaving in doubt the future the NY real estate entrepreneur whose management of the $1B project has been celebrated as one of few recent successes in downtown #SanFrancisco.

He’s been the public face of S.F.’s Transamerica Pyramid. Do his investors want him out?

San Francisco’s iconic Transamerica Pyramid has been renovated and seen success in attracting leases, yet there are questions about its ownership and who will operate it in the future.

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Movement on #SanFrancisco's notoriously stalled Oceanwide Center. Control of the project was just transferred at auction from its troubled developer to a lender. This is a big moment for downtown's office market. The foreclosure clears path for new developer/investor to step in. @sfchronicle.com

Downtown S.F. towers project, stalled for years, auctioned off as planned reboot takes shape

On Thursday, the project’s developer was officially cut loose from the failed development plan, potentially opening the way for a new buyer to acquire the property at a heavily discounted price.

sfchronicle.com