Amusing sign of Bay Area dysfunction when on the same day the planning commission votes to more than double taxes on new office construction....https://www.bizjournals.com/sanfrancisco/news/2019/09/20/san-francisco-commercial-development-fees-to-rise.html …
-
-
Totally functional:https://twitter.com/cafedujord/status/1176558326525489152?s=21 …
Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
And before Greenland, Oyster Point was owned by SKS and Shorenstein – the latter is Twitter's landlord, and got them to Mid-Market instead of Brisbane (with the help of tax break), in one of the first big leases of this whole SF boomhttps://www.globest.com/sites/globest/2008/07/20/shorenstein-sks-nab-oyster-point-for-85m-2/ …
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
so we're talking $30/sf on construction costs of about $450/sf and annual leases of $80/sf?
-
I'd bet that they'll reach the cap even at that new level. If it were up to me, I'd allow developers to buy their way out of the cap for a nice JHL premium. I bet they'd pay too.
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
