Franklin And Page Development Plan Dusted Off, Parking Nixed

Franklin And Page Development Plan Dusted Off, Parking Nixed

Originally approved for development in 2010 but never having broken ground, the variance needed for the proposed 8-story development to rise on the parking lot parcel at 1 Franklin Street has since expired but the plans have recently been dusted off and the developer, JS Sullivan, will likely be... Read More »

Development Could Transform Oakland’s Pill Hill And Auto Row

Development Could Transform Oakland’s Pill Hill And Auto Row

Plans to demolish the majority of the Oakland Auto Center at 3093 Broadway and build a seven-story development across the 3.5 acre Auto Row parcel have been filed with the city and could result in over 400 residential units and 24,000 square feet of ground-floor retail space rising on the site. As proposed, the existing Read More »

San Francisco Home Values Slip While Condos Values Rise

San Francisco Home Values Slip While Condos Values Rise

Single-family home values within the San Francisco MSA slipped another 0.2 percent from August to September but remain 7.9 percent higher than at the same time last year, according to the latest S&P Case-Shiller Home Price Index. While the aggregate index for San Francisco home values has gained 65 percent since early 2009 it remains Read More »

Re-imagined Pac Heights Home Fetches Nearly $2K Per Foot

Re-imagined Pac Heights Home Fetches Nearly $2K Per Foot

Built in 1929 and recently “re-imagined to seamlessly blend its classic architectural presence with the amenities and conveniences of a modern and contemporary lifestyle,” a re-imagining that added over 2,000 square feet of living space to the Pacific Heights home, 2040 Jackson Street hit the market two months ago listed for $15 million having been Read More »

Bay Area Luxury Home Values Hit All-Time High

Bay Area Luxury Home Values Hit All-Time High

First Republic’s “Prestige Index” for the values of San Francisco Bay Area homes worth at least $1.0 million and currently averaging $3.45 million rose 3.8 percent from the second to third quarter of 2014 and is 14.3 percent higher on a year-over-year basis. Having gained 38.4 percent from the current cycle bottom in the first Read More »

Getty Mansion Price Slashed $1.5 Million

Getty Mansion Price Slashed $1.5 Million

William and Vanessa Getty have just cut the list price for their Pacific Heights mansion at 2900 Vallejo Street by $1.5 million and are now asking $14.5 million for the 8,675 square-foot pad which they purchased for $11.5 million in 2002.  The property has officially been on the market for six months. Originally designed by Read More »

Warriors Arena Redesigned, Enough To Quell Toilet Snark?

Warriors Arena Redesigned, Enough To Quell Toilet Snark?

It hasn’t yet been officially released nor distributed, but the conceptual design for the Golden State Warriors proposed arena to rise in Mission Bay has been revised, perhaps in part to flush the snarky commentary the earlier plan evoked. The most noticeable change to the design, as newly outlined above, is along the northeast corner of Read More »

550-Foot Block 5 Tower And Terraces In Context

550-Foot Block 5 Tower And Terraces In Context

As we first revealed last week, the designs for the proposed 550-foot office tower to rise on the northeast corner of Howard and Beale, also known as Transbay Block 5, have been revised and now include a series of large terraces on both the northwest and southeast corners of the building. And we now have Read More »

San Francisco Continues Record Employment Run

San Francisco Continues Record Employment Run

Employment in San Francisco has hit another all-time high as the number of city residents with paychecks increased by 4,300 in October and now totals 481,900 with an unemployment rate of 4.3 percent, the lowest unemployment rate since 2008. That’s 25,500 more residents employed in San Francisco than at the same time last year.  And that’s Read More »

Three Months Later And Flipped For $2.3 Million More

Three Months Later And Flipped For $2.3 Million More

Purchased as a three-unit building for $2.6 million three months ago and quickly remodeled as a “lavish” single-family home with gold fixtures, marble countertops and a La Cornue range in the kitchen; an outdoor living room complete with a television mounted over the new gas fireplace out back; and an “opulent” master bath with a Read More »

New Details And Timing For Twisty 400-Foot Tower

New Details And Timing For Twisty 400-Foot Tower

Tishman Speyer is pushing forward with their plans to build a modern 400-foot residential tower designed by architect Jeanne Gang on the northwest corner of Folsom and Spear Street (a.k.a 100 Folsom Street or Transbay Block 1). In addition to the 40-story tower with “migrating bay” windows which would be offset on each floor and Read More »

First Year-Over-Year Increase For Existing U.S. Home Sales Since 2013

The seasonally adjusted pace of existing-home sales in the U.S. ticked up 1.5 percent in October to an annualized rate of 5.26 million, the highest annualized rate since September 2013 and the first time since October 2013 that the rate has been higher on a year-over-year basis (up 2.5 percent). At the same time, the inventory Read More »

Underbuilding Along San Francisco’s New Transit Spine

Underbuilding Along San Francisco’s New Transit Spine

Speaking of development along San Francisco’s emergent Fourth Street Transit spine, while the City’s Central SoMa Plan envisions up-zoning the southwest corner of Brannan and Fourth to allow a tower of up to 250-feet to rise on the site, TMG Partners appears to be moving forward with plans to build a six-story building on a large Read More »

Union Square Rents Rocket, Strongest Growth Worldwide

Union Square Rents Rocket, Strongest Growth Worldwide

Rents for retail spaces around San Francisco’s Union Square have increased at the fastest pace of all prime retail areas across the globe over the past year, up 30 percent to an average of $650 per square-foot per year, according to Cushman & Wakefield’s latest Main Streets Across the World report. That being said, the average Read More »

Environmental Review Of Warriors Mission Bay Arena Plan Underway

Environmental Review Of Warriors Mission Bay Arena Plan Underway

The cornerstone environmental review for the Golden State Warriors’ proposed arena, retail and office development to rise across eleven acres in Mission Bay is officially underway and the public meeting to discuss the scope of the Planning Department’s report for the project has been scheduled for December 9. The Department is aiming to finish and Read More »