Price Index for New Condos in SF Drops Again

Price Index for New Condos in SF Drops Again

For the second month in a row, and following the trend we first noticed emerging last year, the price index for new construction condominiums in San Francisco, as compiled by The Mark Company, has dropped on a month-over-month basis and is running 2 percent lower versus the same time... Read More »

A High-End Atherton Pad for $21.98 Million

A High-End Atherton Pad for $21.98 Million

Designed by San Francisco-based Butler Armsden and built on a 1.4-acre Atherton parcel which had housed an older 3,700-square-foot home which was purchased for $4.2 million in 2013, the great room at the center of the new 9,700-square-foot home at 30 Belbrook Way features a vaulted ceiling and two... Read More »

Real Food Company Site on the Market and Condos Could Rise

Real Food Company Site on the Market and Condos Could Rise

While currently leased to Real Food Company, the neighborhood grocery which has occupied the converted auto garage for almost twenty years, the Cow Hollow buildings at 3060 Fillmore and 2169 Filbert Street have just hit the market. The nearly 12,000 square foot site is zoned for development up to... Read More »

One Step Forward for Mid-Mission Development Seeking More Height

One Step Forward for Mid-Mission Development Seeking More Height

Speaking of significant projects in San Francisco with forward momentum, the City has just issued a Preliminary Mitigated Negative Declaration (which is a good thing if you’re the developer) for the proposed 13-story apartment building to rise on the 1270 Mission Street parcel, a parcel which is currently occupied... Read More »

Even Odds of a Rate Hike by the End of the Year

Even Odds of a Rate Hike by the End of the Year

The average rate for a 30-year mortgage (3.43 percent) hasn’t moved much over the past month. But with traders poised to dissect tomorrow’s scheduled “Monetary Policy Toolkit” speech by Federal Chair Janet Yellen, looking for hints of whether – or rather when – the Fed will hike the Federal... Read More »

Ciao Giannini’s (and 35 New Condos in Dogpatch as Proposed)

Ciao Giannini’s (and 35 New Condos in Dogpatch as Proposed)

While in the very early stages of development, plans to raze the Giannini’s Auto Body shop building at 625 Mariposa Street, across the street the new Benioff Children’s Hospital and a (healthy) stone’s throw from the recently opened Mariposa Park, have been drafted. And as proposed, a five-story building... Read More »

Redevelopment of KRON TV Site for 239 Condos Closer to Reality

Redevelopment of KRON TV Site for 239 Condos Closer to Reality

As proposed, the former KRON TV building at 1001 Van Ness Avenue, across from Tesla’s first San Francisco showroom, will be razed and a 14-story building, with 239 condos over 5,000 square feet of retail space fronting Van Ness, will rise on the Cathedral Hill site at corner of... Read More »

First Building of Massive Brooklyn Basin Development Ready to Rise

First Building of Massive Brooklyn Basin Development Ready to Rise

While the ground was broken for Signature’s massive Brooklyn Basin project (a 64-acre East Bay development which will yield up to 3,100 units of housing, 200,000 square feet of commercial/retail space and 30 acres of open space along Oakland’s waterfront) back in 2014, the focus has been on preparing... Read More »

Pace of Existing U.S. Home Sales Drops on Diminished Buyer Traffic

The seasonally adjusted pace of existing-home sales in the U.S. fell 3.2 percent to an annual rate of 5.39 million sales in July. And for the first time in eight months, and only the second time in nearly two years, the rate of sales is lower on a year-over-year... Read More »

Foreclosed upon Failed Flip Fetches $1.9 Million in Potrero

Foreclosed upon Failed Flip Fetches $1.9 Million in Potrero

Purchased as a sound 1,307-square-foot home for $1.3 million in 2013, and then permitted for a major remodel and expansion by SS Dreambuilders LLC (no relation to SocketSite), the gutted Potrero Hill home at 837 Wisconsin Street was foreclosed upon and sold for $1,945,375 on the courthouse steps in... Read More »