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		<title>San Francisco, Los Angeles vie for tallest skyscraper</title>
		<link>http://homesmillbrae.com/2104/san-francisco-los-angeles-vie-for-tallest-skyscraper/</link>
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		<pubDate>Mon, 01 Apr 2013 13:52:07 +0000</pubDate>
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		<description><![CDATA[Click photo to enlarge SAN FRANCISCO &#8212; Starry-eyed city leaders boast that the $4.2 billion Transbay Transit Center planned for South of Market will include the tallest building on the West Coast, but they&#8217;ve left out one crucial detail: a &#8230; <a href="http://homesmillbrae.com/2104/san-francisco-los-angeles-vie-for-tallest-skyscraper/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><span class="articleEmbeddedViewerBox"><span class="clicktoenlargephoto">Click photo to enlarge</span><img src="http://homesmillbrae.com/wp-content/plugins/rss-poster/cache/e230e_20130331__ssjm0331skyscraper%7E2_VIEWER.JPG" width="88" height="140" title="San Francisco, Los Angeles vie for tallest skyscraper" alt=" San Francisco, Los Angeles vie for tallest skyscraper" /><span class="footer" /><img src="http://homesmillbrae.com/wp-content/plugins/rss-poster/cache/e230e_20130331__ssjm0331skyscraper%7E2_VIEWER.JPG" title="San Francisco, Los Angeles vie for tallest skyscraper" alt=" San Francisco, Los Angeles vie for tallest skyscraper" /><img src="http://homesmillbrae.com/wp-content/plugins/rss-poster/cache/e230e_20130331__ssjm0331skyscraper%7E1_VIEWER.JPG" title="San Francisco, Los Angeles vie for tallest skyscraper" alt=" San Francisco, Los Angeles vie for tallest skyscraper" /></span><span /><span /><span />
<p class="bodytext">SAN FRANCISCO &#8212; Starry-eyed city leaders boast that the $4.2 billion Transbay Transit Center planned for South of Market will include the tallest building on the West Coast, but they&#8217;ve left out one crucial detail: a tower in Los Angeles that is poised to stretch 30 feet higher.</p>
<p>Mayor Ed Lee and other city officials this week celebrated the $192 million acquisition of a property at the corner of First and Mission streets where two developers will erect the 1,070-foot-tall Transbay Transit Tower by 2017. The office tower will become the tallest building in San Francisco, eclipsing the iconic Transamerica Pyramid, built in 1972.</p>
<p>But the elegantly tapered skyscraper&#8217;s western dominion will apparently be short-lived, if it ever comes to pass. Korean Air is planning an ambitious hotel and office tower in downtown Los Angeles that will rise 1,100 feet, including a 100-foot stainless steel spire. The new Wilshire Grand is also slated to open in 2017. </p>
<p>Nonetheless, Lee joined the Transbay Joint Power Authority on Tuesday in touting the supremacy of the Transbay tower, which will soar above a new transportation hub supporting 11 transit systems and a micro-neighborhood with 2,600 residential units.</p>
<p>&#8220;Soon to be the West Coast&#8217;s tallest building,&#8221; Lee crowed in a statement, &#8220;the Transbay tower benefits not only a world-class transit facility but also represents the strength of our city&#8217;s recovery.&#8221;</p>
<p>Asked repeatedly about the Wilshire Grand, </p>
<p>the communications team for the Transbay Joint Powers Authority at first ignored the question, then threw a knuckle ball. Spokesman Adam Alberti said a &#8220;superstructure&#8221; of some kind will be added to the Transbay tower that will likely bring it above 1,100 feet, though fact sheets and renderings do not indicate such a feature.
<p>Alberti finally downplayed the whole issue of height, saying the authority doesn&#8217;t want bragging rights, just a well-conceived project: &#8220;If that ends up with us having the second-tallest tower in the west by some standards, I don&#8217;t think anyone will lose sleep over it.&#8221;</p>
<p>The mayor&#8217;s office did not respond Friday to a request for comment.</p>
<p class="subhead">Counting spires</p>
<p class="bodytext">Though some San Francisco boosters might cry foul over the Wilshire Grand&#8217;s spire, the Council on Tall Buildings and Urban Habitat, a nonprofit that describes itself as the world&#8217;s leading authority on tall buildings, would disagree. The council considers spires to be fair game when calculating building heights, and claims this is the most widely accepted method for measuring high rises.</p>
<p>Interestingly, the architects who designed the Wilshire Grand use a different criterion for the height of their 73-story creation: highest occupied floor. By that measure the Wilshire Grand would still top the 60-floor Transbay tower, but it wouldn&#8217;t even be the tallest building in Los Angeles. That title would remain with the U.S. Bank Tower, a 1,018-foot cylinder that reigns as the highest building west of the Mississippi River.</p>
<p>Being the tallest edifice in the western United States is hardly a glowing distinction. More than a century after the first U.S. skyscrapers were erected in New York City and Chicago, most are still built east of the Mississippi. Of the 100 tallest buildings in America, only 11 are situated on the West Coast, according to the Council on Tall Buildings. </p>
<p>Moreover, the United States has passed the baton of skyscraper mania to the Middle East and Asia, where a boom in &#8220;supertall&#8221; buildings &#8212; those above 600 meters, or 984 feet, in height &#8212; is well under way. The world&#8217;s tallest building, the Burj Khalifa in Dubai, rises 2,717 feet, more than twice as high as the Empire State Building.</p>
<p class="subhead">Culture and climate</p>
<p class="bodytext">Skyscrapers used to proclaim the worth of the corporations that built them, said Anthony Wood, executive director of the Council on Tall Buildings. These days they serve the same purpose for cities in developing regions of the world,</p>
<p>&#8220;They are using supertall buildings to brand themselves as progressive, developed cities in a competitive global market,&#8221; Wood said.</p>
<p>That need for recognition is absent in cosmopolitan San Francisco, which has broken with decades of tradition in allowing a building above 1,000 feet. The city enacted policies in the 1980s that restrict high-rise development. There is now an annual cap on new office space, and all buildings over 40 stories are analyzed to determine whether they cast shadows on parks.</p>
<p>These policies are indicative of differences in culture, climate and commercial real estate markets that have prevented San Francisco and other western cities from fully embracing the East Coast&#8217;s drive to build skyscrapers, said Mary Comerio, a professor of architecture at UC Berkeley. </p>
<p>Development in California has traditionally been more horizontal than vertical, Comerio said. Many leading technology companies in the Bay Area have chosen suburban campuses over urban towers.</p>
<p>&#8220;In California people want to walk outside and see a tree,&#8221; Comerio said. &#8220;In New York, who cares if you&#8217;re in a high rise? It&#8217;s miserable eight months of the year.&#8221;</p>
<p class="tagline">Contact Aaron Kinney at 650-348-4357. Follow him at <a href="http://Twitter.com/kinneytimes">Twitter.com/kinneytimes</a>.</p>
<p>TALLEST BUILDINGS IN THE WORLD<br />
1) Burj Khalifa, Dubai, United Arab Emirates &#8212; 2,717 feet<br />
2) Makkah Royal Clock Tower Hotel, Mecca, Saudi Arabia &#8212; 1,972 feet<br />
3) Taipei 101, Taiwan &#8212; 1,667 feet<br />
4) Shanghai World Financial Center, China &#8212; 1,614 feet<br />
5) International Commerce Centre, Hong Kong, China &#8212; 1,588 feet
<p>
Tallest buildings in the U.S.<br />
1) Willis Tower, Chicago &#8212; 1,450 feet<br />
2) Trump International Hotel  Tower, Chicago &#8212; 1,388 feet<br />
3) Empire State Building, New York City &#8212; 1,250 feet<br />
4) Bank of America Tower, New York City &#8212; 1,200 feet<br />
5) Aon Center, Chicago &#8212; 1,127 feet</p>
<p>
TALLEST BUILDINGS ON WEST COAST (WITH NATIONAL RANK)<br />
10) U.S. Bank Tower, Los Angeles &#8212; 1,018 feet<br />
20) Columbia Center, Seattle &#8212; 933 feet<br />
32) Aon Center, Los Angeles &#8212; 858 feet<br />
33) Transamerica Pyramid, San Francisco &#8212; 853 feet<br />
58) 555 California Street, San Francisco &#8212; 779 feet<br />
Source: Council on Tall Buildings and Urban Habitat</p>
<p><span /></p>
<p>Article source: <a href="http://www.insidebayarea.com/breaking-news/ci_22912468/san-francisco-los-angeles-vie-tallest-skyscraper">http://www.insidebayarea.com/breaking-news/ci_22912468/san-francisco-los-angeles-vie-tallest-skyscraper</a></p>]]></content:encoded>
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		<title>Promise holds out for home sales</title>
		<link>http://homesmillbrae.com/1776/promise-holds-out-for-home-sales/</link>
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		<pubDate>Sun, 21 Oct 2012 13:20:34 +0000</pubDate>
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		<description><![CDATA[As we ease into the fourth quarter of our year we continue to see signs of a slow, but steady recovery in the housing market. Builders reported another increase in new home construction last month. This marks the biggest increase &#8230; <a href="http://homesmillbrae.com/1776/promise-holds-out-for-home-sales/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>        	<span class="paragraph-0"></p>
<p>As we ease into the fourth quarter of our year we continue to see signs of a slow, but steady recovery in the housing market. Builders reported another increase in new home construction last month. This marks the biggest increase in more than four years. Driven by the historically low interest rates that have persisted this year, buyers are active although not in droves, but they are buying.</p>
<p>			</span><br />
        	<span class="paragraph-1"></p>
<p>We have reported here consistently over the last several months of increases in the number of sales of residential properties in all areas of our Multiple Listing Service and we have seen prices follow in most of those areas. In other parts of the country, activity is brisk as well, indicating a true recovery, not exclusive to the North Idaho market.</p>
<p>			</span></p>
<p>In a recent report by the Urban land Institute, Seattle ranked No. 7 of its &#8220;Best bets for Real Estate.&#8221; Leading the pack was San Francisco. The Seattle PI, in reporting on this study, had this to say: San Francisco was rated first for investment, development and home building in the 2013 &#8220;Emerging Trends in Real Estate&#8221; report by the Urban Land Institute and PwC.</p>
<p>The report says: &#8220;In 2013, San Francisco steals the triple crown from Washington, D.C., receiving top billing in the Emerging Trends investment, development and housing categories. &#8216;San Francisco is driven by growth and a strong jobs outlook, led by technology and a structural change away from suburban and toward downtown.&#8217; Continued infill interest is supported by one of the best transit systems in the country and a city center with walkability that is No. 2 only to New York City. &#8216;This around-the-clock city has someone pushing paper, shopping, shipping or sightseeing all the time.&#8217; According to 2013 forecasts from Moody&#8217;s, San Francisco&#8217;s GMP growth will reach 1.7 percent, and the city will add almost 50,000 jobs from the 2007 peak. This pair of growth indicators should open investors&#8217; eyes even wider to this global city. Even though industrial diversity seems weak here, investors still savor its skilled personnel and the facts that high tech accounts for 10 percent of the city&#8217;s jobs and the young demographic represents over 15 percent of the population. Even with a questionable business climate at times, San Francisco has a mix that draws many corporations now and will draw them in the future.&#8221;</p>
<p>We have &#8220;walkability&#8221; and &#8220;bikeability&#8221; and we certainly have great sightseeing, but why should you be interested in the Seattle and San Francisco markets? Because what happens there happens here, eventually. In the housing boom of 2003-2007 we saw the escalation of activity and then prices, begin in the Bay area. The growth then headed north to Seattle and spread throughout the Northwest, where people looking to invest in real estate began reaching further and further to find bargain priced real estate. At the time, it was known as &#8220;the roll.&#8221;</p>
<p>According to the PI: &#8220;Real estate continues to meander along a slower-than-normal recovery track, behind a recuperating U.S. economy, dogged by ongoing world economic distress,&#8221; starts the 2013 &#8220;Emerging Trends in Real Estate&#8221; report by the Urban Land Institute and PwC (formerly known as PricewaterhouseCoopers). &#8220;But for the third-consecutive year, Emerging Trends surveys indicate that U.S. property sectors and markets will register noticeably improved prospects compared with the previous year, and the advances now gather some measure of momentum across virtually the entire country and in all property types.&#8221;</p>
<p>Investors are gravitating to real estate because, despite its slow recovery, they can make money there, while other investments tighten, said Mitch Roschelle, a partner and U.S. real estate advisory practice leader for PwC. &#8220;The big driver is this chase for yield.&#8221;</p>
<p>Watch closely, as will we, for some are predicting another real estate boom in 2015. We will be ready, will you?</p>
<p>Trust an expert&#8230;call a Realtor. Call your Realtor or visit <a href="http://www.cdarealtors.com">www.cdarealtors.com</a> to search properties on the Multiple Listing Service or to find a Realtor member who will represent your best interests.</p>
<p><em>Kim Cooper is a real estate broker and the spokesman for the Coeur d&#8217;Alene Association of Realtors. Kim and the association invite your feedback and input for this column. You may contact them by writing to the Coeur d&#8217;Alene Association of Realtors, 409 W. Neider, Coeur d&#8217;Alene, ID 83815 or by calling (208) 667-0664.</em></p>
<p>Article source: <a href="http://www.cdapress.com/real_estate/article_49b94fe1-961c-5e3e-96a9-f73bd5dc7d18.html">http://www.cdapress.com/real_estate/article_49b94fe1-961c-5e3e-96a9-f73bd5dc7d18.html</a></p>]]></content:encoded>
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