Even Bigger Plans for the Shuttered Lucky Penny Site

Even Bigger Plans for the Shuttered Lucky Penny Site

While zoned for building up to 80 feet in height, the shuttered Lucky Penny parcel at 2670 Geary Boulevard is also only zoned for development’s of moderate density. And as such, plans a seven-story building, with 21 apartments over three stories of office space, a new ground floor commercial... Read More »

Benchmark Mortgage Rate Back Below 4 Percent

Benchmark Mortgage Rate Back Below 4 Percent

The average rate for a benchmark 30-year mortgage has dropped to 3.95 percent, the lowest average rate this year and 35 basis points below the 4.30 percent rate in place prior to the Fed’s second rate hike in March. At the same time, the benchmark rate remains 31 basis... Read More »

Former Sausage Factory Project Closer to Reality

Former Sausage Factory Project Closer to Reality

Speaking of former sausage factories, plans to raze the shuttered Schwarz/Home/Engelhart sausage outlet at 1726-1730 Mission Street and develop a modern six-story building upon the Mission District site have qualified for a streamlined environmental review and approval. With a refined design by Natoma Architects, the proposed development now includes... Read More »

Bay Area Home Sales Slip, Slowest April in Six Years

Bay Area Home Sales Slip, Slowest April in Six Years

At a time of the year when sales typical rise around 5 percent, the number of single-family homes and condos that traded hands in San Francisco last month dropped 7 percent, from an upwardly revised 514 in March to 478 April, which is 12.3 percent lower versus the same... Read More »

Historic Market Street Bar Redevelopment Granted Key Exemption

Historic Market Street Bar Redevelopment Granted Key Exemption

The plans to level the historic Lucky 13 bar and construct a five-story condo building upon its 2140 Market Street parcel have just been granted an exemption from having to complete an extensive environmental review. As such, if the proposed development either avoids or survives a potential Discretionary Review... Read More »

Pace of Existing Home Sales in the U.S. Slips

Having ticked up 4.4 percent in March to a ten-year high, the pace of existing-home sales in the U.S. slipped 2.3 percent in April to a seasonally adjusted annual rate of 5.70 million transactions, which is 1.6 percent above the pace at the same time last year versus 5.9 percent... Read More »

Plans to Raise the Roof(s) on Oakland’s Auto Row

Plans to Raise the Roof(s) on Oakland’s Auto Row

Plans to level the Oakland Mitsubishi automobile dealership at 2500 Webster Street, adjacent to Mua at 2442 Webster, are in the works. And while the Auto Row site is principally zoned for building up to 45 feet in height, Signature Development Group is planning to seek Conditional Use Authorization... Read More »

New Condo Sales and Pricing Drop in San Francisco

New Condo Sales and Pricing Drop in San Francisco

While sales activity for new condos in San Francisco has typically ticked up from March to April, the number of purchase contracts signed last month (35) was 62 percent lower than the month before and 17 percent lower versus the same time last year. At the same time, the... Read More »

Pace of New Home Sales in the U.S. Fell 11 Percent Last Month

The seasonally adjusted rate of new single-family home sales in the U.S. fell 11.4 percent from March to April to a rate of 569,000 annual sales and is now running a nominal 0.5 percent above the pace of sales at the same time last year. Last month’s pace of... Read More »

Iconic Flintstone House in Contract, Will It Survive or Get Crushed?

Iconic Flintstone House in Contract, Will It Survive or Get Crushed?

Having hit the market listed for $4.2 million back in 2015, “priced for somebody who really wanted the quirky 2,730-square-foot home rather than a developer or individual looking for a nearly 2-acre lot upon which to build a much larger Hillsborough house,” the asking price for the iconic ‘Flintstone... Read More »