Plans for Major Mid-Market Development Revealed

Plans for Major Mid-Market Development Revealed

With Nordstrom Inc. having inked a deal to sell its parking lot parcel for 176 cars at 469 Stevenson Street, between Fifth and Sixth, plans to develop the underdeveloped Mid-Market site have been drawn. As rendered by Mark Cavagnero Associates for the development team, the 16-story development could yield... Read More »

SoMa Penthouse Nearly Fetches Its 2007 Price

SoMa Penthouse Nearly Fetches Its 2007 Price

Purchased for $850,000 in January of 2012, the two-story, 1,245-square-foot penthouse unit #827 at The Palms returned to the market listed for $1.399 million this past June. Reduced to $1.299 million and alternatively offered for rent at $5,450 a month, the sale of 555 4th Street #827 has now... Read More »

San Francisco and Bay Area Employment Slip from Record Highs

San Francisco and Bay Area Employment Slip from Record Highs

Having hit a downwardly revised record of 555,000 in September, the number of people living in the city of San Francisco with a job slipped by 1,800 in October to 553,200. But with the labor force having dropped by 3,300 to 568,500, the unemployment rate actually dropped to 2.7... Read More »

Plans for Prominent Market Street Site Qualify for Streamlined Review

Plans for Prominent Market Street Site Qualify for Streamlined Review

The big plans for a 96-unit building to rise up to 85 feet in height at the intersection of Market and Duboce, behind the historic façade of the former Gantner Brothers’ Funeral Home building at 1965 Market Street, have just qualified for a streamlined environmental review and approval. While... Read More »

Philz Sets Its Sights on Polk Street

Philz Sets Its Sights on Polk Street

Philz Coffee is planning to take over the former Russian Hill Bookstore storefront at 2230 Polk Street which has been vacant for five months. As proposed, while the interior of the Polk Street space would be renovated, the exterior would remain relatively the same, save some new signage. But... Read More »

Blanc de Blanc in Downtown San Francisco

Blanc de Blanc in Downtown San Francisco

Purchased as new for $1.275 million in February of 2014, the penultimate “penthouse” unit #1001 atop the Stanley Saitowitz designed boutique building at 1080 Sutter Street dubbed “Blanc” resold in December of 2015 for $1.450 million, representing total appreciation of 13.7 percent, or 7.2 percent per year, over those 22... Read More »

Mortgage Rates Tick Up, Odds of a Rate Hike Holding at 100 Percent

Mortgage Rates Tick Up, Odds of a Rate Hike Holding at 100 Percent

The average rate for a benchmark 30-year mortgage ticked up 5 basis points over the past week to 3.95 percent, which is the highest rate in nearly four months, within 1 basis point of the 3.96 percent rate in place at the same time last year, and 54 basis... Read More »

Noe Valley View Home Fails to Fetch 2015-Era Price

Noe Valley View Home Fails to Fetch 2015-Era Price

Newly built on a wide Noe Valley view lot which was purchased for $1.185 million in May of 2015, the contemporary 3,675-square-foot home at 1644 Diamond Street hit the market this past March priced at $3.895 million or roughly $1,060 per square foot. Reduced to $3.695 million in April,... Read More »

Plans to Raze an $11 Million Fixer for a Fashionable Mansion to Rise

Plans to Raze an $11 Million Fixer for a Fashionable Mansion to Rise

Purchased as an oceanfront “fixer” for $11 million in April of 2015, plans to demolish the existing 4,600-square-foot home at 178 Sea Cliff Avenue are in the works. And as envisioned, a modern 10,400-square-foot mansion, which includes a 2,000-square-foot basement garage, will rise up to 30 feet in height... Read More »

Expected Timing for a Modular Oakland Tower and Townhomes

Expected Timing for a Modular Oakland Tower and Townhomes

The downsized plans for a modular 29-story tower to rise up to 350 feet in height on the corner of Franklin and 21st Street in Uptown Oakland have just received a favorable environmental review, qualifying as an urban infill project per the California Environmental Quality Act and having been... Read More »