Christopher Neely

Ken Mattson reversed his guilty plea and is headed to trial as three San Francisco mansions traded this month and office leasing hit a pace for a 30-year high, driven by AI demand

Mansion inventory in San Francisco's AI nerve center further tightens

Scott Wiener's longtime pro-housing partner co-authored AB 736 — and progressives and realtors both have objections

Lewis George's primary victory all but guarantees she will become the city's next mayor, raising fresh questions among developers about whether investors will continue putting money into a market already battered by office distress, federal job cuts and slowing construction.

Last month, a citizen-led initiative which proposed capping local real estate transfer taxes at 0.11 percent qualified for the statewide November ballot. The proposal, led by the Howard Jarvis Taxpayers Association would have upended government budgets in some of California's major cities where taxes property sales in the upper price echelons reach as high as 6 percent.

AI wealth has already created more millionaires than mansions — and agents are searching for inventory

A federal judge set an April trial for the Sonoma developer, and the AI boom pushes down office vacancy across the Bay Area

As wealth and competition abounds, getting into San Francisco's luxury housing market has perhaps never been more difficult. And now, buyers shopping the listings have to increasingly ask themselves whether they have an extra million dollars in their budget.

The Bay Area has always sustained on a geographic symbiosis, though experts say this latest boom is peculiar because of its inversion. In previous up cycles, the anchor companies often started in Silicon Valley — think Google, Meta, Apple — and eventually expanded north to capture the young, urbanite talent of the big city. In the artificial intelligence era, San Francisco plays well spring for the billion- and trillion-dollar companies, which are increasingly headed toward the pools of spacious offices and campuses in Silicon Valley. Soon, experts say, it could even quench Oakland's commercial investment drought.

Purchasing a home in San Francisco has long required deep pockets, with its median home price remaining above $1 million since 2014. Now, competition has grown so fierce for a slice of Fog City that even the wealthiest would-be residents are failing to find a foothold.