Plans for Semi-Massive Presidio Heights Development Formalized

Plans for Semi-Massive Presidio Heights Development Formalized

The formal application to move forward with the semi-massive redevelopment of CPMC’s nearly 5-acre California Hospital Campus at 3700 California Street has just been submitted to San Francisco’s Planning Department. While the Planning Department’s review of TMG Partners’ preliminary plans for the site had “strongly encouraged” increasing the density... Read More »

Down on Nob Hill

Down on Nob Hill

Purchased for $1.2 million or roughly $1,136 per square foot in January 2016, the 1,056-square-foot one-bedroom condo #1212 within Gramercy Towers at 1177 California Street returned to the market priced at $1.275 million this past July, a sale at which would have represented total appreciation of 6.3 percent since... Read More »

Bay Area Home Sales Hold Despite Fires and SF’s Slip

Bay Area Home Sales Hold Despite Fires and SF’s Slip

Despite the marked impact of the recent wild fires in Sonoma and Napa counties, which resulted in an average 18.7 percent drop in sales activity versus the same time last year, the number of single-family homes and condos that traded hands across the greater Bay Area ticked up 1.9... Read More »

The Fed Institutes a Rate Hike, Signals Three More in 2018

As predicted, the Federal Reserve has just raised its benchmark Federal Funds rate, upping its target range by another 0.25 percent (25 basis points) and signaling expectations for three more quarter-point increases in 2018. The Fed dropped the benchmark rate five (5) percentage points between August of 2007 and... Read More »

Apples-To-Apples for a Central SoMa Penthouse Condo, Take Two

Apples-To-Apples for a Central SoMa Penthouse Condo, Take Two

As we wrote a year ago last month: “Speaking of list price reductions in San Francisco, the asking price for the “rarely available” corner one-bedroom unit #802 on a penthouse level of the Palms at 555 4th Street, a level which is outfitted with gas stoves and Sub-Zero refrigerators,... Read More »

Plans for Building up in the Excelsior Back in Play

Plans for Building up in the Excelsior Back in Play

Plans to level the former Excelsior District Woolworth’s turned Dollar Store at 4550 Mission Street and construct a four-story building, with 17 residential units over a ground floor retail space and parking for 23 cars, were proposed back in 2006 but subsequently squashed by the economy and ongoing concerns... Read More »

San Francisco Mayor Ed Lee Has Died at the Age of 65

San Francisco Mayor Ed Lee Has Died at the Age of 65

San Francisco Mayor Ed Lee died from a heart attack early this morning at the age of 65. As such, Board of Supervisors President London Breed is now the acting mayor and will remain in the role until a special election is held on June 5 of 2018 unless... Read More »

Bonus Plans for Building Up Broadway

Bonus Plans for Building Up Broadway

Plans for a mixed-use building to rise up to six stories in height upon on the parking lot parcel at 425 Broadway, which actually wraps around the three-story Crowbar and residential hotel building on the corner of Broadway and Montgomery, have been drafted by Ian Birchall and Associates. Dubbed... Read More »

Waylaid Mission District Development Slated for Approval

Waylaid Mission District Development Slated for Approval

In the works since 2014 but waylaid by the adoption and subsequent extension of ‘Interim Controls’ to limit new market-rate housing, office and retail developments in the Mission, plans to raze the single-story Alpha Bay Builders structure at 3314 Cesar Chavez Street and develop a new six-story building upon... Read More »

Sales and Pricing Index for New Condos in SF Tick Up

Sales and Pricing Index for New Condos in SF Tick Up

With sales offices for two new developments in San Francisco having opened their doors in October, the number of purchase contracts signed for new construction condos in the city ticked up from 55 in October to 61 in November, nearly doubling the number of contracts signed in November 2016... Read More »