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Real Estate Is Power

Every sale tells a story about who's winning in San Francisco, and every property opens a voyeuristic window on the way we live now.

Jony Ive drops $73 million on a Marin compound the same week teachers can’t access housing built for teachers. A dreamy SF lot sells “for a song” — but with an impossible catch. Tech wealth reshapes neighborhoods, while condos become unaffordable relics — and working families bear the brunt of rising rents and a shortage of reasonably priced homes. Insurance companies flee wildfire zones. We report on who’s buying what and why: the development projects that remake blocks, the commercial and retail deals that signal downtown’s fate, the neighborhoods attracting the attention of AI fortunes, the luxury transactions that reveal where power is concentrating. Real estate isn’t just a roof over one’s head; it’s the most visible scoreboard of San Francisco’s wealth and inequality.

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Rows of red-handled Costco shopping carts are parked outside a Costco Business Center under a clear blue sky.

Costco could be coming to Oakland