SF’s First Whole Foods 365 Closer to Reality

SF’s First Whole Foods 365 Closer to Reality

As we first reported a couple weeks ago, plans to convert the shuttered Lombardi Sports building at 1600 Jackson Street, at the corner of Polk, into San Francisco’s first Whole Foods Market 365 could be approved by San Francisco’s Planning Commission next week. Once again, the proposed grocery would... Read More »

The Economics of a Rincon Hill Condo and Reality Check Redux

The Economics of a Rincon Hill Condo and Reality Check Redux

As we originally outlined back in the third quarter of 2015: Purchased for $700,000 in 2012, or roughly $1,150 per square foot, the one-bedroom One Rincon Hill condo #4404 was listed as a rental for $3,800 in mid-2014 and actually rented for $3,750 per month, which included valet parking... Read More »

Bay Area Employment Slips from Record Highs

Bay Area Employment Slips from Record Highs

At a time of the year when Bay Area employment figures typically tick up, the number of people living in the city of San Francisco with a job dropped by 1,200 in March to 555,500. But with 2,300 people having been removed from the labor force, the unemployment rate... Read More »

Former Giants Pitcher Tagged for a Million Dollar Loss

Former Giants Pitcher Tagged for a Million Dollar Loss

The 11,000-square-foot pad in Paradise Valley, Arizona, which former San Francisco Giants pitcher, Matt Cain, purchased for $5.5 million in 2013, has finally traded hands after two years on the market. Rebuilt in 2009, the five-bedroom, Tuscan-style home is finished in walnut, marble, mahogany and stone, with a bi-level... Read More »

Big SoMa Project Slated for Approval (And to Break Ground)

Big SoMa Project Slated for Approval (And to Break Ground)

The newly refined plans for a 371-unit development to rise up to seven stories in height on Harrison Street, upon the Western SoMa parcel currently occupied by the German Motors Collision Center building, between Langton and Berwick Place, are slated to be presented to San Francisco’s Planning Commission next... Read More »

Mortgage Rates Tick Up, Probability of a Rate Hike Hits 100 Percent

Mortgage Rates Tick Up, Probability of a Rate Hike Hits 100 Percent

The average rate for a benchmark 30-year mortgage has ticked up 7 basis points over the past two weeks to 4.47 percent, which is the highest rate so far this year, 50 basis points higher than at the same time last year (3.97 percent), and within 11 basis points... Read More »

Price Cut for a Prominent Chunk of Telegraph Hill

Price Cut for a Prominent Chunk of Telegraph Hill

Having hit the market priced at $1.4 million in December of 2016, and briefly in contract early last year, the list price for the 120-foot-wide chunk of Telegraph Hill’s hillside which fronts Sansome Street, below the homes at the end of Alta Street above, has just been dropped to... Read More »

Location for First Shake Shack in San Francisco Confirmed

Location for First Shake Shack in San Francisco Confirmed

As we first reported at the beginning of the year, the owners of the shuttered Real Food Company building on the southeast corner of Fillmore and Filbert had quietly met with the City to discuss a conversion of the nearly 12,000-square-foot structure into a “luxury fine casual restaurant and... Read More »

State Senate Committee Kills Controversial Housing Bill SB 827

With only four (4) of the thirteen (13) members of the State Senate’s Transportation and Housing Committee voting in favor of advancing Senator Scott Wiener’s “transit-rich housing bonus” bill, the controversial SB 827 is DOA this legislative year but is expected to be rewritten and reappear in 2019. The... Read More »

Big Plans for Club Zone Parcels Have Been Drawn

Big Plans for Club Zone Parcels Have Been Drawn

As we first reported last year: The Action Rentals building at 1526-1530 Folsom Street is on the market in Western SoMa, along with its parking lot at 1560 Folsom and two adjacent parcels which extend to (135) Kissling and (276) 11th Streets. Zoned for building up to 55 feet... Read More »