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): The sale of 7 Cameo Way closed escrow on 8/22/07 for $1,550,000 (3.7% over asking). 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After nearly a year on the market, and reductions of $1,755,000 (14.9%), the listing for 10 Hastings has been withdrawn from the market (last listed at $9,995,000).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... 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:... 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... 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... 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... 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“).... 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... 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;... Read More »