Ritz-Carlton Club Planning To Convert Hotel Rooms To Condos

Ritz-Carlton Club Planning To Convert Hotel Rooms To Condos

When the Ritz-Carlton Club and Residences project was originally approved for development, adding eight stories to the old Chronicle Building at 690 Market Street and converting it to residential use, roughly half of the project’s 106 units were to be condos and the other half “hotel rooms,” structured as... Read More »

“Hayes Valley” Home Joins The Million Dollar Price Cut Club

“Hayes Valley” Home Joins The Million Dollar Price Cut Club

Originally listed for $4,695,000 in May, then relisted anew for $3,995,000 last month, the asking price for the newly built home at 39 Lloyd Street – an address which is technically within Hayes Valley per the Realtors’ map, but sits between Duboce Triange and the Lower Haight – has just been reduced by another $500K. And Read More »

Supervisors Pass Law To Regulate Tenant Buyouts In San Francisco

The proposed law to regulate and restrict the buyouts of tenants from rent-controlled apartments in San Francisco has been passed by the Board of Supervisors in a vote of 7 to 4 with Supervisors Breed, Farrell, Tang and Wiener opposing. If you’re either a tenant or landlord in San Francisco, there are seven key things you Read More »

Plans For More Development Along Third Street

Plans For More Development Along Third Street

More condos are in the works to rise in Dogpatch along Third Street, with plans to demolish the two buildings on the northeast corner of Third and 19th and construct two seven-story buildings, connected by pedestrian bridges on each floor, in their place. The proposed development would rise to a height of 68 feet, with 109 Read More »

Mortgage Rates Drop To 16-Month Low

Mortgage Rates Drop To 16-Month Low

As we expected, the average rate for a conforming 30-year fixed-rate mortgage dropped to its lowest point in over a year, down from 3.97 percent to 3.92 percent over the past week and versus 4.13 percent at the same time last year.  The current average rate is at its lowest point since the first week of Read More »

S.F. Will Appeal Judge’s Ruling Against Eviction Payments

City Attorney Dennis Herrera has announced that his office will appeal yesterday’s ruling by U.S. District Judge Charles Breyer which struck down San Francisco’s recently adopted tenant relocation law, a law which requires landlords in San Francisco who invoke the Ellis Act to pay any evicted tenants an upfront sum equal to the difference between their current Read More »

Milestone Day For CPMC’s Cathedral Hill Hospital Project

Milestone Day For CPMC’s Cathedral Hill Hospital Project

For those wondering how much deeper the massive hole being dug for CPMC’s Cathedral Hill Hospital project will go, the answer is: not much.  In fact, the end of the project’s excavation phase was officially marked this afternoon with a “bottoming out” celebration to commemorate the milestone. In a couple of weeks, two tower cranes Read More »

Magnificent Villa de Martini Joins The Million Dollar Price Cut Club

Magnificent Villa de Martini Joins The Million Dollar Price Cut Club

Built on triple-wide Telegraph Hill lot in 1929, the Mediterranean-styled “Villa de Martini,” complete with arched doorways and hand-painted palazzo and silver leaf ceilings, has been on the market for about five months. Originally listed for $16 million, last month the list price was increased to $16.8 million.  And then this morning, the price was Read More »

New Hope For Oakland’s Ambitious Coliseum City Development

New Hope For Oakland’s Ambitious Coliseum City Development

Set to expire yesterday after two years of effort, Oakland’s City Council has granted a 90-day contract extension to the group which has been trying to get the proposed $2 billion “Coliseum City” development off the ground. While a developer for the project has yet to be identified, and neither the Raiders nor Athletics have Read More »

The Finest Home In Diamond Heights Sets Two Records

The Finest Home In Diamond Heights Sets Two Records

Listed as “the finest home in Diamond Heights” last month, the sale of 11 Cameo Way has just closed escrow with a reported contract price of $2.868 million, making it the most expensive home sale in the history of Diamond Heights. And at $1,017 per square foot, it’s the first reported home sale for over Read More »

Two-Year Payouts For Evicted Tenants In SF Ruled Unconstitutional

San Francisco’s recently adopted law which requires landlords in San Francisco who invoke the Ellis Act to pay their evicted tenants an upfront sum equal to the difference between their current rent and a similar market-rate unit over the course of two years has been ruled unconstitutional and struck down by  U.S. District Judge Charles Breyer. From Read More »

Tech Couple Planning First Eight-Figure Noe Valley Estate

Tech Couple Planning First Eight-Figure Noe Valley Estate

When the young tech couple “who like to entertain” purchased the 6,000-square-foot home at 625 Duncan Street for $7 million earlier this year, it became the most expensive home to have ever traded hands in Noe Valley.  And that was just their starting point. Hidden behind an LLC, the couple has also quietly acquired the adjacent Read More »

Looking For A Brick And Timber SoMa Warehouse To Call Home?

Looking For A Brick And Timber SoMa Warehouse To Call Home?

While currently only permitted for office use, the 2,760-square-foot brick and timber SoMa warehouse at 32 Heron Street has been seismically retrofitted and outfitted with two bedrooms, a designer kitchen, hardwood floors and a two-car garage behind the roll-up door which is just down the street from the LEVYdance studio. On the market for $1,495,000 Read More »

Pace Of Existing-Home Sales Hits 2014 High

Following a slight decline in August, the seasonally adjusted pace of existing-home sales across the U.S. ticked up 2.4 percent in September to its highest pace of the year but remains 1.7 percent lower one a year-over-year basis while the inventory of unsold homes on the market is running 6 percent higher versus the same Read More »

Is $5 Million The New $3 Million Near Mission Dolores Park?

Is $5 Million The New $3 Million Near Mission Dolores Park?

Following a down to the studs renovation, expansion and opening up, the five-bedroom home at 41 Cumberland Street sold for $3.15 million in February of 2010 having been listed for $3.395 million at the time. While there have been a couple of changes to the interior design of the home since 2010, such as those Read More »