Record Pipeline of Residential Development in San Francisco Grows

Record Pipeline of Residential Development in San Francisco Grows

With the number of newly proposed units of housing to be built in San Francisco having outpaced the number of units that finished up construction, the overall pipeline of apartments and condos under development in San Francisco increased by 2,600 in the first quarter of 2018 to a record... Read More »

Bay Area Employment Inches Up, but Not in San Francisco

Bay Area Employment Inches Up, but Not in San Francisco

While the unemployment rate in San Francisco is holding at a record low 2.1 percent, the number of people living in the city with job has actually dropped by 4,900 to 552,900 since the beginning of the year. And while the estimated change in employment last month was a... Read More »

Central SoMa Development Closer to Reality Sans X Space

Central SoMa Development Closer to Reality Sans X Space

Having qualified for a streamlined environmental review, plans to raze the former Pacific Bicycles building at 345 4th Street could be approved by San Francisco’s Planning Commission next week. And having avoided being classified as an industrial building, as it was originally built back in 1925 and which could... Read More »

Plans for Infilling within the Alamo Square Landmark District

Plans for Infilling within the Alamo Square Landmark District

Speaking of plans for building new accessory dwelling units (ADUs) in San Francisco, the development of which has greatly lagged expectations, plans to remove ten (10) of the eleven (11) garage doors and parking spots at the base of the twelve (12) unit building at 1100 Fulton Street, across... Read More »

Million Dollar Price Cut for the Showcase Home

Million Dollar Price Cut for the Showcase Home

As we first noted last month, while it’s certainly not unusual for Decorator Showcase homes to hit the market shortly after their ticketed showcasing has ended, they typically don’t hit the market a few days into their month-long run. But having hit the market with an $8.995 million price... Read More »

Russian Hill Two-Bedroom Quietly Fetches $11 Million Price

Russian Hill Two-Bedroom Quietly Fetches $11 Million Price

Purchased as a three-bedroom for $4.98 million in 2012, the full-floor cooperative unit #3 at 945 Green Street, high atop Russian Hill, was rebuilt as a two-bedroom, returned to the market listed for $9.95 million in 2015 (“showcasing complementary elements of gracious scale & simplicity”), and sold for $9.4... Read More »

Mortgage Rates Ticked Up Prior to Yesterday’s Rate Hike

Mortgage Rates Ticked Up Prior to Yesterday’s Rate Hike

While measured prior to the Fed’s announcement yesterday, the average rate for a benchmark 30-year mortgage had ticked up 8 basis points over the past week to 4.62 percent, which is 71 basis points above its average rate of 3.91 percent at the same time last year and within... Read More »

Proposed Club Zone Infill Condos Closer to Reality

Proposed Club Zone Infill Condos Closer to Reality

As newly rendered below, plans to raze the two-story warehouse building and adjacent parking lot at 33 Norfolk Street and build a five-story residential building upon the Western SoMa site, plans which have been in the works since 2014, are closer to reality. As designed by Levy Design Partners,... Read More »

The Fed Institutes Another Rate Hike, Signals Two More This Year

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 accelerated expectations for two more quarter-point increases by the end of this year, which is one more than previously expected. The Fed dropped... Read More »

Impact Report for 250-Foot-Tall Ballet School Tower Released

Impact Report for 250-Foot-Tall Ballet School Tower Released

As we first reported earlier this year and has been newly rendered below: The plans for a 27-story tower to rise up to 250 feet in height at the intersection of Otis, South Van Ness Avenue and 12th Street are being refined and the environmental impact report (EIR) for... Read More »