The New York Times cited the Fox Theater when it included Oakland on its list of 45 place to go in 2012. Photo by Pete Hottelet/Flickr.

We’re No. 1! And No. 3! Also No. 9!

As one of the biggest metropolitan regions in the country, the Bay Area routinely appears on lists created by government officials, PR firms and others. The lists claim to measure everything from human misery to the housing market, and they’re shilled in press releases that come through our inboxes at KQED News almost every day. Often, they rank our region pretty high.

But are those lists accurate? You be the judge. Let’s take a look back at who ranked the Bay Area and its cities on their 2012 lists, and then leave a comment at the bottom of this post letting us know what you think and what lists we missed.

The year started with a pleasant surprise for a struggling Bay Area city, as in January the New York Times ranked Oakland No. 5 on its list of the 45 places to go in 2012. Oakland was the top American city on the list.

“New restaurants and bars beckon amid the grit,” the Times wrote. “Tensions have cooled since violence erupted at the recent Occupy Oakland protests, but the city’s revitalized night-life scene has continued to smolder.”

In September, Bloomberg Businessweek put San Francisco at No. 1 on its list of America’s Best Cities.

Though numbering fewer than a million people, this coastal city packs in so much—from world-class restaurants and museums to community fairs and music festivals, a large educated class, and an improving economy—that many proud San Franciscans will tell you that its finish at the top of Businessweek.com’s 2012 best cities ranking is well-earned.

Of course, lots of people would want to learn more about America’s Best City. So it makes sense that San Francisco would be the most-Googled city of 2012. And if you search Google you’ll probably learn that San Francisco has an active LGBT community and a diverse dining scene, which makes sense, considering that Travel and Leisure ranked it as both the No. 1 gay-friendly city and the top city for ethnic food. It was No. 2 when it came to diversity, cafes and tech-friendliness, according to Travel and Leisure, which also ranked it No. 3 for hipsters. (No. 3, Travel and Leisure? Did you walk around the Mission this year?)

In addition, this year San Francisco ranked No. 3 on The Daily Beast’s list of America’s greenest cities, while the research firm Clean Edge ranked it No. 2 for green tech activities.

No. 1 on that list was San Jose, which also topped Career Builder’s list of cities with the most job growth between 2010-2012 (San Francisco was No. 9.) And if you’re flying to San Jose to interview for a new job, you can be reasonably confident you’ll arrive on time, according to the federal Bureau of Transportation. The agency said Mineta San Jose Airport was No. 1 for on-time performance in California. (SFO was at the bottom of the list.)

Of course, that job will need to be high-paying if you hope to buy a home. This month the National Association of Home Builders said San Jose had the eighth-least affordable market for home buyers in the country. San Jose also had the nation’s fifth-highest increase in home prices between the third quarters of 2011 and 2012, according to the Federal Housing Finance Agency. The picture is even bleaker in San Francisco, which the NAHB ranked as the second-least affordable market.

And even if you can afford to buy a home in the Bay Area, you’ll need to take extra care when driving to meet with your real estate agent. San Francisco drivers are among the country’s worst, according to Allstate.

But if anyone can solve a city’s problems, it’s Bay Area residents. After all, the Bay Area is the fifth-smartest municipal region in the country, according to the online cognitive training company Lumosity. Maybe it’s something in the air; the air purifier manufacturer Kaz put the Bay Area at No. 15 on its list of regions with the cleanest air in the U.S. And it’s a little easier for Bay Area residents to help keep that air clean by driving electric cars. That’s because the region ranked No. 4 when it comes to electric vehicle charging stations per person on a list compiled by Xatori, a startup that builds software for connected cars.

So the Bay Area had a lot to be proud of in 2012. And local residents weren’t afraid to talk about what makes the region great, according to the dating site WhatsYourPrice.com.

WhatsYourPrice.com surveyed 2,000 members from San Francisco to reveal whether the city landed on the “naughty” or “nice” list this year. 31% percent of San Francisco admitted to being guilty of “Pride” more than 5 times a week.

That earned San Francisco the No. 9 spot on the site’s most sinful cities list.

Article source: http://blogs.kqed.org/newsfix/2012/12/21/what-made-the-bay-area-no-1-in-2012/

But across the country, San Francisco offers an intriguing counterpoint: distinctive architecture is conspicuously lacking in the high-rise building boom.

Forty years after it was completed, the 850-foot Transamerica Pyramid remains the most recognizable high-rise tower built in the City by the Bay. Designed by the architect William Pereira, it took a lot of flak from locals during its planning and construction, with detractors sometimes referring to it as a phallic symbol, though their actual wording was more blunt.

Nevetheless, it became a fixture of the city’s skyline. Today it stands mostly alone in a city more interested in conserving its old Victorian-style homes than in making a statement with new development. It is a puzzling phenomenon in a part of the country often seen as an engine of American innovation.

“People work hard to preserve old things without taking the risk to build something new,” Mr. Gehry said about San Francisco in a recent phone conversation.

He was critical of the high-rise building boom under way in San Francisco’s South of Market area, where the newly built towers are boxy and utilitarian. “It’s business without heart,” he said.

In the past decade, 13 high-rise condo towers of 20 stories or more have been built in San Francisco. Another four such projects have been approved by the city, according to the Mark Company, a real estate marketing and sales firm.

There is nary a brand-name architecture firm to be found among the towers that have already been built, though Handel Architects did design the sleek Millennium Tower. A new luxury high-rise being designed by Richard Meier is still struggling to get approved by the city after almost five years of development.

The new buildings South of Market are meant to attract singles and young couples, many of whom are working in the tech industry and don’t yet want the hassles of a single-family home. And while higher-end offerings like the Millennium have attracted a few prominent locals — like the former 49ers quarterback Joe Montana — foreigners, especially from China, make up a large chunk of the buyers.

At the Madrone, another high-rise in the newly developed neighborhood of Mission Bay, a young techie apartment owner I spoke with said that the architecture of the building had never really been a consideration.

That doesn’t surprise Mr. Stern, who doesn’t see young tech buyers as having the sophistication to care about buildings (though, it must be said, they may have refined tastes in the subtle design touches of the latest smartphones). “I think it takes them awhile to get over the initial high-dose blast of wealth to realize that wealth can be used more creatively than just buying big shoebox spaces and sticking in foosball games and other things like that,” Mr. Stern said.

The young software engineers may not care too much about the quality of architecture where they live, but down in Silicon Valley some big tech firms have tapped world-renowned architects to design their new headquarters.

Facebook hired Mr. Gehry, 83, for the expansion of its campus in Menlo Park. Mr. Gehry designed a 433,555-square-foot building with a rooftop garden that will be built on stilts. “It should look like a floating forest where the building peeks from beneath a series of trees,” said Slater Tow, a Facebook spokesman. “We are not out to make an architectural statement, we are out to make the most functional building for engineers.”

It was Steve Jobs himself who commissioned Sir Norman Foster to design Apple’s new 2.8-million-square-foot headquarters in Cupertino, which Mr. Jobs described as a “spaceship.”

Both the Apple and Facebook projects are expected to be completed by the end of 2015.

But just a commute away in San Francisco, there is little buzz about big-name designers. “San Francisco is not a place where people shout architects’ names on a building,” said Mary Comerio, a professor in the Graduate School of Architecture at the University of California, Berkeley. “You get more controversy when that happens.”

Indeed, developers in San Francisco are loath to take architectural risks because the city’s approval process for new development is long and rigorous, perhaps the most onerous in the country, architects say.

It’s hard to fault their caution when you consider how small San Francisco really is — 47 square miles (Manhattan alone is 23 square miles) — with much of the area consumed by neighborhoods zoned for single-family homes. More than the pedigree of the architect, the city worries about things like shadows and wind and, of course, earthquakes.

The earthquake issue is not as tough to navigate as you might think, but it is still a costly concern. The Bay Area remains highly susceptible to earthquakes, and “seismic readiness” can add as much as 15 percent to the cost of a new structure, said Mark Sarkisian, director of seismic and structural engineering in the San Francisco office of Skidmore, Owings Merrill, which built the John Hancock Center and Sears (now Willis) Tower in Chicago.

Not surprisingly, the science of engineering tall buildings has come a long way in the last 20 years. The structures have special joints to dissipate energy without fracturing during a quake. They can bend, almost like a fishing pole.

In the South of Market area, the sandy soil creates a bigger risk if a big one hits. So developers need to dig foundations 100 to 125 feet deep, Mr. Sarkisian said.

All the engineering advances have made newer high-rises less susceptible to collapse than lower-rise brick structures being held together by gravity, experts say.

But it hasn’t been fear of earthquakes that has held up the approval of a residential tower being designed by Mr. Meier’s firm for the corner of Market Street and Van Ness Avenue. City planners were concerned about how an early design for the building, currently scheduled to have 37 floors, would affect wind conditions for pedestrians, said Bernhard Karpf, an associate partner at Richard Meier Partners, who is in charge of the project.

“They describe that area as having ‘hazardous wind conditions,’ where people would literally get blown off the street,” Mr. Karpf said.

The developer David Choo asked Mr. Meier in 2009 to do something that was “not your traditional San Francisco architecture,” Mr. Karpf said. Meier Partners initially designed a “free-standing sculptural object” on the small site. With approval threatened, the firm hired a Canadian company to test a scale model in a wind tunnel, delaying the design process by another year.

“We had never heard of these kinds of wind regulations,” Mr. Karpf said. “It became almost obsessive on the planning board’s side to make sure wind is mitigated.”

Their frustration mounting, the Meier architects asked the Canadian company to give them three or four shapes that would meet the wind requirements. “We have to move forward,” Mr. Karpf said he told them. “We have to find a solution that works. It may look horrible, but let’s see if we can reverse the process and turn it into a building.”

In the end, the slender shape of the building “was strongly influenced” by studies in the wind tunnel laboratory, which showed that it would “actually improve wind conditions in this part of town,” he said.

When Mr. Karpf asked Mr. Choo how he could stand to buy a property and still have nothing to show for it some five years later, he shrugged and told the architect, “That’s the way it works in San Francisco.”

Follow Alexei Barrionuevo on Twitter: @alexeinyt.

Article source: http://www.nytimes.com/2012/11/18/realestate/big-deal-in-san-francisco-life-without-starchitects.html?pagewanted=all

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San Francisco, CA (PRWEB) October 29, 2012

Real Estate Marketing Insider offered its expert opinion about a new trend of modern high-rise investment by young tech professionals in San Francisco, stating it was great news for the real estate market as the number of high-price and high-demand properties available in the city would increase exponentially as a result.

The New York Times stated that the tech industry’s San Francisco base of operations is in the South of Market area of the city; it has been there for decades, but the newest generation of young professionals in that industry have been investing in high-rise condo living, a real estate option that simply wasn’t present in San Francisco until recently. Now there are downtown glass-and-steel real estate site design condos available downtown for prices for substantially less than some New York housing options.

These downtown high-rise condos include The Montgomery, Millennium Tower, Four Seasons, and One Hawthorne. The areas outside of South of Market, like the financial district and Mission Bay have their own offerings, like Madrone, the St. Regis, and the recently-filled Infinity. The residents of these condos, while primarily employed by local tech companies like Google, Twitter, and Zynga, come from many different walks of life. They include real estate professionals, venture capitalists and even celebrities like former San Francisco 49er Joe Montana and chef Michael Mina, both residents in Millennium Tower.

The newer neighborhoods of South Beach, Mission Bay and Rincon Hill have much more relaxed zoning regulations than older neighborhoods like Golden Gate Heights or Fisherman’s Wharf, enabling investors to construct more ambitious, luxurious properties. Millennium Tower, the city’s tallest residential building at 645 feet, is a harbinger of things to come as more developers tap into these prospective markets.

The single biggest motivator for the purchases of these high-rise properties, above and beyond desire for luxury and convenient living, is the tight rental market in San Francisco. These downtown properties offer a rare chance for city living that rental does not, and other benefits, like proximity to on-ramps and train stations that ease the commute to Silicon Valley, make these sales an easy decision for young tech professionals.

The Real Estate Marketing Insider released a statement regarding the New York Times’ report that high-rise condo living in San Francisco has exploded in popularity among young tech professionals in the city. The newer neighborhoods like South of Market and Mission Bay have seen an influx of new high-rises in the last five years, and the properties contained therein are selling well among techies, as well as other wealthy Bay Area professionals.

About Real Estate Marketing Insider:
Real Estate Marketing Insider is an online journal providing hot news, trend analysis and marketing tips to real estate professionals. REMI is based out of La Jolla, CA.

Read the full story at http://www.prweb.com/releases/san-francisco-high-rise/steel-glass/prweb10067686.htm

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Article source: http://www.equities.com/news/news-headline-story?dt=2012-10-29&val=643723&d=1&cat=headline

Articles all over the web report that real estate professionals are gearing up, potential buyers are trying to buy now before the IPO and sellers are trying to determine their best course of strategy.  From the local Mercury News :

Realtors say the buzz around Facebook is already sparking the long moribund housing market. Potential sellers want to know whether they should sell now or wait, and buyers are fervently pushing their agents to get into the Peninsula housing market before the IPO, anticipating rising prices as the newly wealthy compete for the hottest neighborhoods from San Francisco to Palo Alto.

The New York Times writes that if you thought housing was expensive in the Valley now, just wait for the Facebook update:

..10 homes in Palo Alto sold for more than their asking prices last month, some by large amounts. Now, with the long-expected Facebook public offering a step closer to reality, Mr. DeLeon said he expected to see several things happen: some sellers may keep their homes off the market until they judge the time is right, some speculators may snap up old houses to tear down and rebuild, and some buyers may feel pressure to make offers before the deluge hits.

While the Valley is bubbling with nervous excitement, the Wall Street Journal notes that the benefits of the Facebook IPO may only reach so far.  New potential Facebook millionaires still want a short commute to work.

In communities in the shadow of tech giants like Facebook Inc. in Menlo Park, housing prices are on a tear. Menlo Park led the Bay Area with a 52.7% increase in its median home sales price in the fourth quarter, with prices rising to $1.29 million from $840,000 a year earlier, according to DataQuick. Palo Alto’s median home-sales price jumped 12.5% to $1.1 million from $977,750, according to DataQuick.

Cities outside of Silicon Valley didn’t fare as well. Sonoma, for example, experienced a 24.1% drop in the fourth quarter in its median home-sales price to $356,000 from $469,000 a year ago, while Walnut Creek prices fell 18.3% to $580,000 from $709,500, according to DataQuick.

 Since we live in the Bay Area, we should know what’s happening out there.  Readers – what have you seen?  Are you looking to buy or sell in the Valley?  Does the Facebook IPO affect how you’re planning to buy or sell?

Article source: http://blog.sfgate.com/ontheblock/2012/02/13/facebook-ipo-is-sizzling-up-silicon-valey-real-estate/

ORLANDO, Fla., Aug. 29, 2011 /PRNewswire via COMTEX/ –
GDT Tek, Inc.


/quotes/zigman/578611 GDTK
0.00%



today announced that the Company’s JV Corporation Steriwave-GDT TEK, LTD has initiated a $50,000,000 Bond offering to provide additional capital for deployment of the Companies “Phoenix” waste heat to electricity systems. The Company’s planned Webinar will be postponed till August 30, 2011 so we can respond to all the questions asked by our shareholders. If needed due to time constraint any unanswered questions will be responded to it on the Company’s Website in the new FAQ category tab. Examples of some of the questions asked are as follows: How do you plan to expand operations based upon expected increased demand for the Phoenix system with your current level of employees: why the rapid increase in the number of shares issued, and the most frequently asked question being, will the Company recapitalize the companies share structure.

Bo Linton, President of GDT Tek, Inc. stated that, “The Company has now submitted proposals to deploy the Phoenix to several different companies that could increase GDT Tek’s electricity generation to over 50 MW. This is based upon the expectation of acquiring at least half the proposed PPAs (power purchase agreements) submitted. The $50,000,000 Bond offering will provide additional [debt] capital so we can respond to the new PPA in a timely manner.”

“As for the Webinar,” continued Mr. Linton, “we want to provide sufficient time to respond to as many of the questions asked in the Webinar broadcast the ones that we did not have time for with-in the Webinar itself will be responded on our website’s new FAQ category, in that way we will be able to make sure we respond to all of the questions.”

“Also, for all of our investors who may have missed the 2 news articles about GDT Tek, prepared for the New York Times, North Bay Business Journal by Jeff Quackenbush and or the news article prepared for the Times-Herald Newspaper, part of MediaNews Group by Rachel Raskin-Zrihen, which ran a story about GDT Tek’s first commercial scale waste heat to electricity project being installed at American Canyon Landfill in Napa California, please go to their corresponding websites to view the articles,” concluded Mr. Linton.

The North Bay Business Journal article can be viewed online at the following link

North Bay Business Journal website;
www.NorthBayBusinessJournal.com .

Click on the North Bay Business Journal E-Edition graphic link in the right column of the home page to view the article as it appears in print.

The Times Herald article can be viewed online at the following link

http://www.timesheraldonline.com/ci_18753886?IADID=Search-www.timesheraldonline.com-www.timesheraldonline.com

About North Bay Business Journal

Jeff Quackenbush, Staff Reporter (commercial real estate, environment, endangered species, construction, wine) and Interactive Editor North Bay Business Journal, A New York Times Co. weekly business-to-business newspaper covering Sonoma, Napa, Marin, Solano, Mendocino and Lake counties in the north San Francisco Bay area.

About GDT Tek, Inc.

GDT Tek, Inc. is an Orlando, Florida-based publicly traded company


/quotes/zigman/578611 GDTK
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focused on renewable and sustainable energy technologies. The company has licensed patented waste heat to electric power generation technology and is driving its adoption by power plants, landfills and other waste-heat generating industries. GDT Tek’s waste heat to electricity systems are powerful enough to serve as a primary energy source, highly efficient, immediately cash-flow positive when installed under a Power Purchase Agreement and are scalable with system sizes from 150 KW/Hr to 5000 KW/Hr currently available. The GDT Tek system has been proven through a long-term five year installation at a San Jose, California-area landfill. Waste heat captured from landfill-generated methane gas generator engine exhaust and radiator jacket coolant systems is used by the GDT Tek system to generate electricity which is then sold to the grid. Professor Robert W. Dibble of the University of California at Berkeley assessed the GDT Tek system and stated that “Of the many technologies that I have evaluated over the course of the past several decades, GDT Tek’s heat to power conversion solution has proven to be the most reliable, versatile, efficient, lowest emissions, and overall cost-effective solution available in today’s changing world market.”

RTR Global Investments, LLC is a wholly owned subsidiary of GDT Tek, Inc. It holds projects, contracts, and power purchase agreements for its parent company GDT Tek, Inc.

Steriwave-GDT TEK LTD
www.steriwave-gdt-tek.com is a JV company with Steriwave Hungary LTD and is 50% owned subsidiary of GDT Tek. Steriwave-GDT TEK holds the ownership of the American Canyon Landfill project and has filed a patent application for a system that safely removes and captures methane hydrates from undersea reserves.

GDT Tek, Inc.’s website is
www.gdttek.com , which is in the process of being updated; please sign up for our newsletter (
http://www.gdttek.com/info-signup.php ) for future information about the company.

Safe Harbor Statement: This release includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as GDTK or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Similarly, statements herein that describe the Company’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

        GDT TEK, Inc Contact information: If you have a question or comment, please send inquiry
                                          via email to info@gdttek.com, or via phone 407-574-4740.

SOURCE GDT Tek, Inc.

Copyright (C) 2011 PR Newswire. All rights reserved

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Article source: http://www.marketwatch.com/story/steriwave-gdt-tek-ltd-begins-bond-offering-process-for-50000000-2011-08-29

The US Treasury just released its latest “scorecard” on the state of the government’s housing bailout. The numbers are still weak, compared to the overall picture.

In May, 32,398 borrowers got permanent modifications, bringing the total to 731,451, but nearly 98,000 modifications have already gone bad and been canceled. Treasury did put out some interesting new numbers on how many modifications involve principal forgiveness from the banks.

Close to 5,000 “active modifications” have a reduced principal balance of, on average, about $70,000, or 32 percent of the balance. About 16,000 more are in the trial period—kind of a pittance, when you look at the 1.6 million trial modifications started.

Banks tell me they are doing more principal reduction in their own proprietary modifications, but getting that data is, suffice it to say, difficult to obtain.

It is interesting to note that short sales are really ramping up. The Treasury’s report now includes numbers on the Home Affordable Foreclosure Alternative program, which gives incentives to servicers and borrowers to do short sales and deeds in lieu of foreclosure. Close to 18,000 of these started, nearly all short sales, and this program is just a few months old.

So, where do we stand?

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I don’t know what the official end of the Spring housing market is, but it seems as if the experts have called the close, and it ain’t great.

Last week, after the folks at the vaunted SP/Case Shiller Indices put a period on the home price double dip, which others had been reporting for months — and The New York Times did a piece on falling home prices — it seemed like suddenly the housing watchers got nervous again.

Over the weekend, JP Morgan Chase’s housing analysts revised their outlook lower for home price recovery, “largely based on existing home sales coming in lower than expected.” While they expect that regional divergences will increase, “Our new base case is down percent from here (Q1 2011) and bottoming in mid-2012. We expect home prices to modestly improve over the summer months.”

Soon after, Credit Suisse’s Monthly Survey of Real Estate Agents announced: “Weak ending to the Spring season.” CS’s Daniel Oppenheim notes, “A lack of urgency continues as does a fear and hesitation of buying if prices still have further to fall.” This, we knew.

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Why do we buy if it doesn’t make economic sense?

It’s the age old question, rent or buy? New York Times writer David Leonhardt tackled this timeless issue again in his latest weekly column. As he points out, all sorts of calculators live on the web for anyone to input a few data points to analyze whether it’s better to buy or rent. However, most of these calculators look at it from a purely financial perspective, whether the costs of buying outweigh the costs of renting. Some calculators are more sophisticated, taking into account often overlooked items such as closing costs, property taxes and the amount of interest or appreciation your down payment would have otherwise earned, if it wasn’t used towards a home purchase.

Miami Real Estate Cafe

The never ending debate

He also advises look at rent ratios, where the selling price of a house is divided by the yearly cost to rent an equivalent property. Fifteen is the magic number with rent ratios. Below 15, he advises buying over renting. Rent ratios in most of the Bay Area are still looking “bubbly,” coming in above 30 down in Silicon valley and the East Bay. In San Francisco, the rent ratio is currently at 27, still above 15 but at least closer to its 1986-2000 average of 24. The average rent ratio for the 1990-2000 East Bay and Silicon Valley was 26 and 23, meaning it has gotten more and more expensive to buy, though it’s less expensive now than in 2005 when the housing market was peaking. The rent ratios in 2005 were 47, 43 and 40 for the East Bay, Silicon Valley and San Francisco. So if it doesn’t make economic sense, why do people still keep buying?

Affluent people tend to want to own their houses, even when the dollars don’t make sense, and the Northeast and West Coast are home to much more wealth than a few decades ago.

Yet the fact remains that a lot of New Yorkers and Californians, among others, are paying a hefty premium for the privilege of owning.

A while back, readers commented on this blog that being a homeowner was a way to deal with non performing landlords. How much is that worth economically? Leonhardt says that our area is still in a state of “real estate exuberance,” but that given our current behavior and trends, it may survive.

How do you evaluate the costs of buying vs. renting? Did you buy even if it didn’t make economic sense?

For a full list of rent ratios, click here.

Posted By: Jenny Pisillo (Email) | May 13 2011 at 01:00 PM

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Article source: http://www.sfgate.com/cgi-bin/blogs/ontheblock/detail?entry_id=88931&tsp=1