Bay Area Luxury Home Values Hit An All-Time High

Bay Area Luxury Home Values Hit An 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 running 14.3 percent higher on a year-over-year basis. Having gained 38.4 percent from... Read More »

Getty Mansion Price Cut $1.5 Million

Getty Mansion Price Cut $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 The Toilet Snark?

Warriors Arena Redesigned, Enough To Quell The 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 design, as newly outlined above, is along the northeast corner of the 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 $2.4 Million More

Three Months Later And Flipped For $2.4 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 »

Foreclosed Upon SF Mansion Flipped For A Few Million More

Foreclosed Upon SF Mansion Flipped For A Few Million More

Purchased for $3,875,000 at the end of 2007, the nearly 8,000-square-foot Victorian at 21 Buena Vista Avenue East, which features 22 remodeled rooms, 1,700 square feet of private gallery space, and a cellar for 3,000 bottles of wine, returned to the market last year listed for $6,500,000, was reduced to $5,900,000 and briefly marketed as a potential “Tech Incubator” Read More »

U.S. Housing Starts Slip But Permit Activity Hits Six-Year High

The annual pace of housing starts in the U.S. fell 2.8 percent from September to October but remains 7.8 percent higher versus the same time last year as the pace of construction for structures with five or more units slumped 15.5 percent in October (down 6.8 percent year-over-year) but single-family home starts increased 4.2 percent (up 15.4 percent Read More »

Swedish American Hall Should Be A Landmark, Ja?

Swedish American Hall Should Be A Landmark, Ja?

Designed by Swedish-born master architect August Nordin and built in 1907, the Swedish American Hall at 2168 Market Street is on its way to becoming an official San Francisco landmark. From the Planning Department’s Draft Landmark Designation report for the building, the renovation of which is nearing completion and includes a new Basque-inspired restaurant (“Aatxe”) Read More »

Four New Policy Papers To Shape SF’s Central SoMa Plan

Four New Policy Papers To Shape SF’s Central SoMa Plan

San Francisco’s Central SoMa Plan will define the City’s vision and strategies, and the overall potential, for developing the area bounded by Market, Sixth, Second and Townsend Streets, 260 acres of prime urban space bisected by the Central Subway project and an emergent Fourth Street transit spine. En route to publishing the plan’s Draft Environmental Read More »