(Mark Your Calendars: RealShare REAL ESTATE 2012, March 22nd in Los Angeles).

SAN FRANCISCO-The city is poised to spend roughly $92 million on the renovation of its Port of San Francisco James R. Herman Cruise Terminal at Pier 27, which recently broke ground. The key Port infrastructure project is allowing the city to host the 34th America’s Cup in August that is expected to “bring thousands of new jobs and approximately a billion dollars in economic impact” to the Bay area, according to Mayor Edwin M. Lee.

When completed by mid-2013, the renovated terminal will serve to relieve some of the pressure on the Moscone Center, which is now the main venue for conventions, large parties and major corporate events in the area, Lee says.

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.