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Going, Going, Gone

The Transbay Joint Powers Authority is getting ready to hold a live auction for Parcel F, a midblock lot very close to the upcoming Transbay Transit Center. The parcel is entitled for a 750-foot office tower and is one of 12 sites being sold to raise funds for the transit center. Unlike the previously sold parcels, however, there will be no drawn-out proposal process. Whoever buys the land during what is likely to be a hotly contested live auction will win the site "as is," with no due diligence or further negotiations. [SF Chronicle]