MAC (Narrowly) Loses Appeal Of 3400 Cesar Chavez Development

From Left in SF (via a plugged-in reader): “The appeal of the 3400 Cesar Chavez project was denied, by a vote of 6-5, with Mirkarimi, Daly, Ammiano, Peskin and Maxwell voting for the appeal and the rest voting against.” ∙ 3400 Cesar Chavez appeal denied ∙... Read More »

Word Up! (A Reader Recommends 7 Cameo Way)

Word Up! (A Reader Recommends 7 Cameo Way)

From a reader: “A wonderful mid-century modern by an unknown architect, in perfect architect-restored condition.” (From us: remodeled in 2002 with redwood bookshelves, black walnut floors, Italian kitchen cabinets, and modern appliances.) UPDATE (9/7): Closed escrow on 8/22/07 for $1,550,000 (3.7% over asking). ∙ Listing: 7 Cameo Way (3/2.5) – $1,495,000 Read More »

Are The Petruzzelli’s Coming To Russian Hill (And 10 Hastings)?

Are The Petruzzelli’s Coming To Russian Hill (And 10 Hastings)?

After nearly a year on the market, and reductions of $1,755,000 (14.9%), the listing for 10 Hastings has been withdrawn from the market (last listed at $9,995,000). And as you might recall, it was five months ago that the seller proffered the following: “If we are not successful at selling this at a price that Read More »

May S&P/Case-Shiller Index: San Francisco MSA Continues Decline

May S&P/Case-Shiller Index: San Francisco MSA Continues Decline

According to the May 2007 S&P/Case-Shiller index (pdf), single-family home prices in the San Francisco MSA slipped 3.4% year-over-year and fell 0.3% from April ’07 to May ’07. For the broader 10-City composite (CSXR), year-over-year price growth is down 3.4% (down 0.3% from April). The (now) standard SocketSite footnote: The S&P/Case-Shiller index only tracks single-family Read More »

JustQuotes: Forget Subprime In San Francisco, But How About Alt-A?

“American Home Mortgage Investment Corp. shares sank on Monday after the home loan provider announced “major” writedowns, delayed a dividend and said lenders were demanding it put up more cash.” “The announcement late Friday evening reflects how liquidity and credit issues affecting subprime lenders are extending to companies that make home loans to borrowers considered Read More »

San Francisco Listed Housing Inventory Update: 7/31/07

San Francisco Listed Housing Inventory Update: 7/31/07

Housing inventory in San Francisco has moved from a typical post-Memorial Day bump, to a typical pre-Labor Day slowdown as the number of Active listings in San Francisco dropped 1.6% over the past couple of weeks (and is running 18.3% below 2006 levels). That’s roughly two months of supply (which isn’t atypical for San Francisco). Read More »

2412 Harrison: A Chance To Try Before You Buy?

Perhaps it’s simply coincidence, but a plugged-in tipster forwards a craigslist ad for a short-term rental (“2 months ONLY starting August 1st”) at 2412 Harrison in a unit that just so happens to be up for sale (“must cooperate with RE agent”). Asking rent: $2,500/month. ∙ $2500 / 2br – 2 + office, 3 bath, Read More »

Arterra (300 Berry) Tops Off At 16 And Aims For A Spring ’08 Opening

Arterra (300 Berry) Tops Off At 16 And Aims For A Spring ’08 Opening

According to Intracorp, Arterra has topped off at 16 floors and should be completed and closing escrows next Spring (2008). As best we can tell they’re still running under 50% in contract. And no, we can’t explain why they wrapped the building in Bovis blue (rather than Arterra “green“). ∙ Rooms With An 11th Floor Read More »

JustQuotes: Okay, So Perhaps A Wee Bit Of Schadenfreude For Some

“A hedge fund manager whose fund ran into trouble from the sell-off in securities backed by subprime mortgages is having to put his huge yacht up for sale, seeking $23.5 million. John Devaney, the CEO of United Capital Markets, a fund that specializes in buying and selling bonds that are backed by the mortgage payments, Read More »

A High End Comp In The Making (The Four Seasons Residences #29F)

A High End Comp In The Making (The Four Seasons Residences #29F)

We missed it when the price was reduced from $4,990,000 to $4,695,000 (6%). And now, 765 Market #29F (at The Four Seasons) is in contract (although not quite “sold”). A few details for the sake of future comparisons (“comps”): 2,576 square feet; re-designed by Fisher Weisman; two parking spaces; and monthly HOAs of $1,981. And Read More »

Eyes Wide Open: Looking For Lessons In Other’s Unfortunate Mistakes

SocketSite has never been about schadenfreude. At the same time, we’ve never shied away from asking and addressing the tough (and sometimes uncomfortable) questions. And yes, there are often lessons to be learned (or trends to be spotted) by observing other’s unfortunate mistakes. Some observers say that many of those facing foreclosure should never have Read More »

JustQuotes: The Green Building Exchange In Redwood City

JustQuotes: The Green Building Exchange In Redwood City

“ Schaeffer, a longtime California home builder who started using more-efficient methods before “eco-friendly” was a catchphrase, has started the Green Building Exchange in Redwood City, a kind of year-round trade show, education center and retail shop designed to steer builders away from natural resources and low-efficiency items and toward cabinets made from reclaimed sorghum Read More »

Another Chance To Make An Offer (Any Offer) In San Francisco

Once again, it was almost a year ago that we wrote that “we’re struggling to rationalize the ‘value’” of the condos at 767 Bryant. Since then we’ve seen remodeling, reductions and even some mighty big incentives (e.g., free cars). And now, a craigslist plea by way of a plugged-in tipster: Seller would like to move Read More »

We Know You Can, But Will They? (Actually Accept It That Is)

We Know You Can, But Will They? (Actually Accept It That Is)

The list price for 2412 Harrison #106 was last reduced (for the third time) in June. It’s currently listed for $799,000 ($80,000 (9.1%) under its original list price in April). And it’s currently advertising “NAME THE PRICE! Bring ANY Offer!” If you do, let us know what happens (and if it’s accepted, don’t forget those Read More »

The Californian on Rincon Hill (375 Fremont): Website And Renderings

The Californian on Rincon Hill (375 Fremont): Website And Renderings

A tipster notices a placeholder website for The California on Rincon Hill (375 Fremont) as well as a few new renderings (at least to us) over on the developer’s site. Once again: 41-stories; 393 luxury units (averaging 1,048 square feet) with 24-hour valet parking for “approximately 393 cars”; and construction beginning November of 2007 (and Read More »