Stocks shake off a wobbly start to end higher on Wall Street

U.S. stocks overcame a wobbly start to finish higher Thursday, as traders welcomed more corporate quarterly results for the summer that weren’t as bad as Wall Street feared.

The S&P 500 rose 0.5% after shifting between small gains and losses throughout the morning. The index recouped all of its losses from a day earlier, but remains on track for its first weekly loss after notching a gain in each of the previous three weeks.

Health care companies, banks, and communication services stocks accounted for most of the gains. Energy stocks also rose as the price of U.S. crude oil pushed 1.6% higher. Those gains outweighed losses by technology companies and elsewhere in the market. Treasury yields rose, a sign that investors are feeling better about the economy.

After a downbeat start, stocks wobbled for a bit as traders weighed encouraging economic new data on weekly U.S. unemployment aid claims and

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Starboard Commercial Real Estate Announces Sale of 893 Folsom Street in San Francisco

SAN FRANCISCO, Oct. 21, 2020 /PRNewswire/ — Starboard Commercial Real Estate, privately owned and locally-based San Francisco commercial real estate firm, announced the sale of 893 Folsom Street, located on the Folsom Street Corridor in the SOMA neighborhood of San Francisco.

This centrally located property offers more than 12,293 total square feet and quick and convenient access to both Caltrain and BART, as well as several popular restaurants, bars, and specialty cafes. The property also includes an additional 8,500 square foot lot, allowing for future development including housing, office space, hotel lodging, or mixed-use.

“Properties like 893 Folsom do not come around often. The location is so central and the building offers very flexible zoning, which allows for investors to have stable cash flow during development opportunities down the road. It’s just half a block from the new 4th street muni line and walking distance to

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Condo in Former Columbia Street Waterfront Factory With Wood-Slatted Ceilings Asks $875K

This two-bedroom loft offers some shared outdoor space and industrial details, such as high ceilings and wood beams, as befits the building’s former use as a factory. It’s located in the Columbia Waterfront District at 29 Tiffany Place, which is a bit of a walk from the nearest subway, but that might not be an issue for those in work from home mode.

Although the name might imply a connection with the well-known Tiffany, Brownstoner’s Suzanne Spellen found no connection in a dive into the history of the street. The block-long street was largely developed starting in the 1850s with a mix of residential and commercial structures.

By the early 20th century, the Herman Behr & Co. Sandpaper Factory took up a portion of the blockfront on this side of Tiffany Place. The company, founded in 1872, lost the bulk of an earlier factory to a great conflagration in 1903.

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Santa Monica Bans Street Performers During Peak Hours

SANTA MONICA, CA — It’s another sign of the times. Santa Monica will halt issuing permits for street performers at the Pier, Third Street Promenade and Transit Mall through Dec. 31.

The move aims to cut back on crowds or gatherings during the pandemic. Street performers will no longer be allowed at these locations during crowded times, including after 12 p.m. Monday through Friday, and the weekends and holidays, city officials said.

“During other times, the order prohibits street performers in those spaces from encouraging persons to gather to observe the performance and requires performers to comply with all County social distancing requirements, including wearing face coverings,” the city said in a news release last week.

Here are several other provisions to the city’s Twenty-Seventh Supplement:

  • It authorizes the Director of the Community Development Department to issue regulations authorizing businesses to post curbside pickup signs on parking meters adjacent to

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Newly released emails show Faulconer, top aides overruled city real estate director on Ash Street property

Mayor Kevin Faulconer began meeting with the former owners of the high rise at 101 Ash Street in 2014, a full year before Sempra Energy vacated the property, according to a new cache of emails released by the city under the California Public Records Act.

The communications also show the building’s previous owners, Sandor Shapery and Douglas Manchester, enjoyed access to the mayor and his senior aides, allowing them to market their building to city officials.

“Does the shortened 25-year lease option improve the look of the proposal?” Shapery representative Richard Ledford wrote to Faulconer’s then chief of staff, Stephen Peutz, in July 2014. “May we set that second meeting with the mayor on this issue?”

Taken together, the 80-plus pages of emails show more clearly how the city came to enter what is now considered one of the worst land deals in the history of San Diego governance.

Among

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Drew Brees buys luxury Canal Street condo, celebrity news site reports | Saints

The New Orleans Saints’ beloved quarterback, Drew Brees, has purchased one of the 92 condominiums in the future Four Seasons New Orleans Hotel at the foot of Canal Street, according to a story on the TMZ website. The hotel/apartment development will occupy the 1968-vintage, modernist tower once known as the International Trade Mart.

Work began on the renovation of the 34-story former office building in 2018 and may be completed as soon as 2021. The redevelopment was projected to cost $450 million and will include 341 hotel rooms as well as condos.

According to the breathless TMZ report, “Drew’s new pad is coming with ALL the bells and whistles … from private access to a bar/lounge to a golf simulator room.”

David Seerman, a Four Seasons sales manager, said in a telephone interview on Wednesday that condos range in price from $2 million to $10 million, but he would not

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