One More Year! For Super Conforming Limits Assuming Obama Signs

As far as we know President Obama has yet to sign the bill, but congress has passed an extension of the $729,750 “super conforming” loan limit for high cost areas through the end of 2010. Considering the extension was attached to legislation without which most federal agencies will have... Read More »

The Power Of Threes For A Remodeled 1155 Vallejo In Russian Hill

The Power Of Threes For A Remodeled 1155 Vallejo In Russian Hill

Three stories, three decks, three bedrooms and three (and one half) baths for the remodeled 1155 Vallejo asking just under three million ($2,995,000) in Russian Hill. ∙ Listing: 1155 Vallejo (3/3.5) – $2,995,000 Read More »

San Francisco’s Commercial Sublease Snapshot: November 2009

San Francisco’s Commercial Sublease Snapshot: November 2009

According to Colliers, 2,411,525 square feet of commercial sublease space is currently on the market in San Francisco, down 248,159 square feet over the past 30 days but once again driven by withdrawn listings rather than absorption (negative 89,527 square feet). The percentage of space available for sublease that is currently vacant is 53 percent. Read More »

First Refreshed, Now Reduced For One Rincon Hill #806

First Refreshed, Now Reduced For One Rincon Hill #806

Speaking of refreshed listings, withdrawn from the MLS in July after almost 120 days on the market at $945,000, the resale listing for One Rincon Hill (425 1st Street) #806 returned to the MLS two weeks ago asking $908,000. Yesterday the list price was reduced to $899,000 for an official “15 days on the market” Read More »

Twenty Percent Off Sale Around Union Square

“There are close to two dozen vacancies in the Union Square area, and the vacancy rate stands at 10 percent, with 4 percent more available for sublease, said Julie Taylor of Cornish & Carey. And while very few long-term deals have been signed, flexible or shorter-term leases are being inked for about 20 percent below Read More »

It’s March Margarita Margarido Madness As 5950 Goes Live At $5.5M

It’s March Margarita Margarido Madness As 5950 Goes Live At $5.5M

With the flick of a switch and a plugged-in tip, The Margarido House (5950 Margarido Drive, Oakland) has officially gone from coming soon to on the market online. The marketing site features a full gallery, plans and description for the five bedroom, five bath and 4,665 square foot LEED Platinum certified house in the Oakland Read More »

Trauma Doesn’t Survive, But Will This Scene?

Trauma Doesn’t Survive, But Will This Scene?

NBC has cancelled its San Francisco based series “Trauma.” According to The Hollywood Reporter, however, “NBC plans to continue airing the show for now, and will produce all 13 episodes from its current order.” In other words, you still might get to see the scene shot up around Pacific and Divisadero last week. To which Read More »

Who’s The Comp Now?  (160 Westgate Drive Closes Escrow)

Who’s The Comp Now? (160 Westgate Drive Closes Escrow)

Advertising “priced below neighborhood comps” at $1,025,000 in August, the bank-owned sale of 160 Westgate Drive closed escrow on 10/27 with a reported contract price of $1,040,000. That’s 1% over asking for the single-family Mount Davidson Manor home. Of course that’s also 19.7% under its purchase price in 2005 which didn’t account for its 2007 Read More »

Will The Stimulated Economy Be As “Sticky” As Real Estate?

“The U.S. economy grew in the third quarter for the first time in more than a year, propelled by stimulus-driven gains in consumer spending and home building.” UPDATE (10/30): “Americans cut spending for the first time in five months and a gauge of confidence weakened, signaling consumers will make a limited contribution to the recovery Read More »

A New Dashiell Hammett Mystery: The Single-Family Short Sale

A New Dashiell Hammett Mystery: The Single-Family Short Sale

A single-family Edwardian “tucked away on quiet street between Nob Hill and Downtown neighborhoods,” 33 Dashiell Hammett sold for $1,275,000 in January of 2007. According to our tipster, it “looks like the current owner did minimal work on the house” since it’s last sale, but did do a bit of repainting and “updated” the kitchen Read More »

The Scene Opens Sitting In The Palms’ Sales Office Two Years Ago…

Back in October of 2007 when The Palms was advertising “Only 8 Left!” a plugged-in reader had submitted an offer on one of the units. From the reader at the time: I offered 13% less than listing price. The sales agent was not even interested in looking at my offer even though I explained him Read More »

Three Years Later And A Thirteen Percent Drop At 1635 California

Three Years Later And A Thirteen Percent Drop At 1635 California

Unable to sell out in 2006, a number of 1635 California’s 36 condos quietly headed to the rental market. As we wrote that February: 1635 California opened its doors over three months ago and at least 7 of the units are still on the market (with more yet to be “released”). And although we were Read More »

Lembi’s Fear And Loathing In Las Vegas

“According to the Clark County, Nev., district attorney’s office, there is a warrant out for Walter Lembi, managing director of the financially troubled Lembi Group, for allegedly passing $298,500 worth of bad checks earlier this year at Caesar’s Palace in Las Vegas.” UPDATE: “Under deal, Lembi has agreed to pay the full amount, plus Read More »

Citadine Cuts Between Four And Ten Percent For Listed Condos

Citadine Cuts Between Four And Ten Percent For Listed Condos

While at least one of its 26 condos appears to be in contract (one-bedroom #204), after a month on the market list prices for 1299 Bush (“Citadine“) were just reduced between four ($70,000 off #802) and ten ($80,000 off #203) percent. ∙ The “Citadine” Flags Are Flying At 1299 Bush ∙ Citadine (1299 Bush): Read More »

Patrick Blanc “Living Wall” Testimonial And Broderick Street Blueprint

Patrick Blanc “Living Wall” Testimonial And Broderick Street Blueprint

A plugged-in reader returns from Madrid armed with a few photos of a Patrick Blanc “Living Wall” in action. From our reader with respect to the wall designed in conjunction with Herzog and de Meuron’s new CaixaForum near the Prado Museum: It covers the end of a very mundane apartment building and forms one side Read More »