Towering Plans for City College Site

Towering Plans for City College Site

In a move which shouldn’t catch any plugged-in readers by surprise, City College of San Francisco has formally submitted plans for a tower to rise upon their 46,000-square-foot Hub District parcel at 33 Gough Street. As envisioned by David Baker Architects, the 23-story tower would rise to a height... Read More »

Make That 23 Percent of Original Pricing for Silicon Valley Estate

Make That 23 Percent of Original Pricing for Silicon Valley Estate

As we first reported earlier this week, the 47.5-acre de Guigne estate at 891 Crystal Springs Road in Hillsborough, which hit the market priced at $100 million back in 2013, has finally sold. And based on public-facing MLS records, it would appear the sale price was $29.85 million, which... Read More »

Bay Area Home Sales (Mostly) Rebounded in May

Bay Area Home Sales (Mostly) Rebounded in May

Having dropped a downwardly revised 13.0 percent in April, the number of single-family homes and condos that traded hands in San Francisco rebounded 17.2 percent to 560 in May, which is 9.8 percent higher versus the same time last year as compared to 18.0 percent lower on a year-over-year... Read More »

New Home Sales in the U.S. Rebound but Remain below Average

Having shed 11.4 percent in April, the seasonally adjusted rate of new single-family home sales in the U.S. rose 2.9 percent in May to an annual rate of 610,000 sales and is running 8.9 percent above the pace of sales at the same time last year. That being said,... Read More »

Modernized Victorian with a Storied past Fetches $5 Million

Modernized Victorian with a Storied past Fetches $5 Million

Purchased as a 2,136-square-foot home for $1.995 million in 2014, the Cole Valley Victorian at 164 Belvedere Street (which had once been owned by the iconic Rolling Stone photographer Baron Wolman, who photographed Jerry Garcia and Janice Joplin, among others, in a former home studio on the top floor)... Read More »

Benchmark Mortgage Rate Holds Post Hike

Benchmark Mortgage Rate Holds Post Hike

With the probability of the Fed’s rate hike last week already priced in, the average rate for a benchmark 30-year mortgage barely moved over the past seven days, dropping one (1) basis point to an average rate of 3.90 percent and to within one (1) basis point of the... Read More »

For the Grace and Good of Western SoMa

For the Grace and Good of Western SoMa

Plans for a four-story, 45-foot tall building to rise on the Western SoMa through lot at 17 Grace Street, which fronts Washburn Street as well, are working their way through Planning and a variance hearing scheduled for next week. As designed, the proposed building would yield 11 residential units,... Read More »

Plans to Redevelop Gas Light Company’s Garden House Formalized

Plans to Redevelop Gas Light Company’s Garden House Formalized

As we first reported last year: With the redevelopment of the adjacent gas station site underway, plans to raze the historic San Francisco Gas Light Company’s former garden house and workshop at 3620 Buchanan Street, which shares a parcel and 75-foot-wide garden with the landmark Gas Light Company building... Read More »

Existing U.S. Home Sales Tick Up, Median Price Hits New High

Having slipped 2.3 percent in April, the pace of existing-home sales in the U.S. ticked up 1.1 percent in May to a seasonally adjusted annual rate of 5.62 million transactions, which is 2.7 percent above the pace at the same time last year. In addition, the median price of... Read More »

Record-Setting Pac Heights Home Sold for $38 Million

Record-Setting Pac Heights Home Sold for $38 Million

As we first reported last week, the 12,000-square-foot spec home at 2712 Broadway, which had been on the market since the end of last year with a $40 million price tag, sold “in a battle with multiple bidders,” according to Pacific Union’s PR team. And while the final contract... Read More »