Non-Supersized Plans for Lucky Penny Site Slated for Approval

Non-Supersized Plans for Lucky Penny Site Slated for Approval

The supersized plans for a 10-story building to rise up to 105 feet in height upon the shuttered Lucky Penny site at the corner of Geary and Masonic have been abandoned. Instead, the project team is back to pushing forward with plans for an 8-story building to rise up... Read More »

Boutique Market Street Infill Building Closer to Reality

Boutique Market Street Infill Building Closer to Reality

In the works since 2014 but waylaid by a requested Discretionary Review (DR), the plans for a boutique 8-story building to rise on the underdeveloped parcel at 1870 Market Street, between the older 4-story building at 1874-1878 Market Street and the newish 8-story building dubbed “Venn on Market,” could... Read More »

Housing Pipeline Holds as Construction Rises in San Francisco

Housing Pipeline Holds as Construction Rises in San Francisco

With new proposals having been submitted to the City for roughly the same number of residential units that finished construction in the second quarter of the year, the overall pipeline of apartments and condos under development in San Francisco is holding around 63,500 having peaked at 63,700 in the... Read More »

Pricing Index for New Condos in SF Slips, Sales Down 50 Percent

Pricing Index for New Condos in SF Slips, Sales Down 50 Percent

With sales offices for two new developments in San Francisco having opened their doors last month, the number of purchase contracts signed for new construction condos in the city increased from 39 in September to 55 October, versus having tripled, on average, from September to October over the previous... Read More »

Pace of Existing U.S. Home Sales and Median Price Tick Up

Having inched up a downwardly revised 0.4 percent in September, the pace of existing-home sales in the U.S. ticked up 2.0 percent in October to a seasonally adjusted annual rate of 5.48 million transactions but remains 0.9 percent lower versus the same time last year. And having slipped 3.3... Read More »

Plans for Major Mid-Market Development Revealed

Plans for Major Mid-Market Development Revealed

With Nordstrom Inc. having inked a deal to sell its parking lot parcel for 176 cars at 469 Stevenson Street, between Fifth and Sixth, plans to develop the underdeveloped Mid-Market site have been drawn. As rendered by Mark Cavagnero Associates for the development team, the 16-story development could yield... Read More »

SoMa Penthouse Nearly Fetches Its 2007 Price

SoMa Penthouse Nearly Fetches Its 2007 Price

Purchased for $850,000 in January of 2012, the two-story, 1,245-square-foot penthouse unit #827 at The Palms returned to the market listed for $1.399 million this past June. Reduced to $1.299 million and alternatively offered for rent at $5,450 a month, the sale of 555 4th Street #827 has now... Read More »

San Francisco and Bay Area Employment Slip from Record Highs

San Francisco and Bay Area Employment Slip from Record Highs

Having hit a downwardly revised record of 555,000 in September, the number of people living in the city of San Francisco with a job slipped by 1,800 in October to 553,200. But with the labor force having dropped by 3,300 to 568,500, the unemployment rate actually dropped to 2.7... Read More »

Plans for Prominent Market Street Site Qualify for Streamlined Review

Plans for Prominent Market Street Site Qualify for Streamlined Review

The big plans for a 96-unit building to rise up to 85 feet in height at the intersection of Market and Duboce, behind the historic façade of the former Gantner Brothers’ Funeral Home building at 1965 Market Street, have just qualified for a streamlined environmental review and approval. While... Read More »

Philz Sets Its Sights on Polk Street

Philz Sets Its Sights on Polk Street

Philz Coffee is planning to take over the former Russian Hill Bookstore storefront at 2230 Polk Street which has been vacant for five months. As proposed, while the interior of the Polk Street space would be renovated, the exterior would remain relatively the same, save some new signage. But... Read More »