Designs for a New Executive (Park) Neighborhood

Designs for a New Executive (Park) Neighborhood

With the subareas to the north and northeast having already been developed, and the massive redevelopment of Candlestick Point underway, the first set of detailed plans for redeveloping the central office components of Executive Park as a residential neighborhood have been drafted by Woods Bagot and are slated to... Read More »

Potrero Hill Dorm Development Rendered and Slated for Review

Potrero Hill Dorm Development Rendered and Slated for Review

As we reported in July: Plans to levels the one-story warehouse building on the northeast corner of Arkansas and 17th Streets and develop a four-story dorm for students enrolled at the California College of the Arts on the Lower Potrero Hill site are closer to reality, with San Francisco’s... Read More »

New Life for Delucchi in North Beach as Proposed

New Life for Delucchi in North Beach as Proposed

Café Delucchi is losing its lease for the restaurant space at 500 Columbus Avenue which it has occupied for the past 16 years. But if approved by the City next week, 4,000 square feet of the 10,000-square-foot Delucchi Sheet Metal Works building at 1526 Powell Street will be converted... Read More »

Silicon Valley Villa Fetches $30.75 Million

Silicon Valley Villa Fetches $30.75 Million

Speaking of big Silicon Valley estates, price cuts and expectations, the newly built 16,500-square-foot “contemporary Italian villa” on a 1.5-acre lot at 47 Camino por los Arboles in Atherton has just sold for $30.75 million having been listed for $42.8 million in March and reduced to $34.8 million in... Read More »

Neighborhood Farm vs School

Neighborhood Farm vs School

Purchased for $1.295 million in early 2014, the 203 Cotter Street parcel extends nearly 500 feet back through the middle of its Mission Terrace block and has been home to Little City Gardens, the only commercial farm within the city limits of San Francisco, since 2010. The buyer of... Read More »

Benchmark Mortgage Rate Drops, Nearing Its All-Time Low

Benchmark Mortgage Rate Drops, Nearing Its All-Time Low

The average rate for a 30-year mortgage ticked down six basis points to 3.42 percent over the past week and is now running 43 basis points below the 3.85 percent rate in place at the same time last year and within 11 basis points of its 3.31 percent all-time... Read More »

Pending U.S. Home Sales Drop to Second Lowest Level this Year

Having ticked up 1.3 percent in July, the National Association of Realtors Pending Home Sales Index, for which 100 denotes an average level of activity, dropped 2.4 percent to 108.5 in August, which is the second lowest level since the 105.4 recorded in January of this year. As such,... Read More »

$5 Million Price Cut for That Contemporary Atherton Compound

$5 Million Price Cut for That Contemporary Atherton Compound

Newly built upon a 2.5-acre Atherton parcel which was purchased for $7.5 million in 2011, the contemporary estate at 246 Atherton Avenue – which now includes a 18,200-square-foot main home, a 2,300-square-foot pool house, a 1,500-square-foot guest house and two detached two-car garages (in addition to the two-car garage... Read More »

Sale of Oakland Development Forecasts Future Rents

Sale of Oakland Development Forecasts Future Rents

Slated to be completed in December, the 25-unit building under construction at 528 Thomas L. Berkley Way, adjacent to the Great Western Power Company gym in Oakland’s Uptown District, is now on the market for $17 million. That’s $680,000 per unit or roughly $792 per square foot at asking.... Read More »

San Francisco Approaching Bubble Territory per UBS

San Francisco Approaching Bubble Territory per UBS

According to UBS Wealth Management’s Global Real Estate Bubble Index, the residential real estate market in San Francisco is increasingly overvalued and approaching bubble territory, while New York and Boston remain fairly valued and Chicago is undervalued, as was the case at the same time last year. The index... Read More »