Up, Down, And Back Again In South Beach

Back in January 2008 when covering the bank-owned (REO) auction of 41 Federal #42, we noted what we perceived as a change in the market, a perception not everyone shared: …this whole thread is about REO as indicator. Is it not? Socketsite said it “just might speak” to that.... Read More »

Like 8,000 New Tech Jobs Expected This Year In San Francisco

According to a poll by the newly formed San Francisco Citizens Initiative for Technology & Innovation (sf.citi), their 125 member companies are expecting to hire “like 8,000 new jobs this year and counting,” according to Ron Conway, sf.citi’s founding Chairman. ∙ Tech companies hiring 8,000-plus in San Francisco [Business... Read More »

An Apple For The Contractor That Has Everything

An Apple For The Contractor That Has Everything

As we wrote last month: First listed for sale in 2008 asking $738,000, the list price for 469 Valley was reduced four times over the following two years. The dilapidated home finally sold for $500,000 in 2010. Today, the Noe Valley view property which is currently uninhabitable returned to... Read More »

Ooh And Ahh (And Ouch)

Ooh And Ahh (And Ouch)

As we first reported with respect to 1422 Douglass this past September: Purchased for $925,000 in 2007, the single-family Noe Valley home at 1422 Douglass returned to the market two weeks ago listed for $875,000 while noting: “Be prepared to ooh and aah (sic) over this charming Victorian home... Read More »

S&P/Case-Shiller San Francisco: Homes Slip, Condos Dip In December

S&P/Case-Shiller San Francisco: Homes Slip, Condos Dip In December

According to the December 2011 S&P/Case-Shiller Home Price Index, single-family home prices in the San Francisco MSA fell 0.8% from November ’11 to December ’11, down 5.4% year-over-year, down 41.1% from a peak in May 2006. For the broader 10-City composite (CSXR), home values fell 1.3% from November to... Read More »

Salesforce.com Kills Mission Bay Campus, Open To Offers For Land

Salesforce.com Kills Mission Bay Campus, Open To Offers For Land

Poised to receive Planning’s approval to move forward with the first four buildings at the center of their proposed 14-acre campus in South Mission Bay this week, Salesforce.com has just killed any near-term plans for the massive development. According to the Business Times, Salesforce “needs space faster than it... Read More »

Piers 30-32 Dropped From AC34 Development Plan, Lawsuit Filed

Piers 30-32 Dropped From AC34 Development Plan, Lawsuit Filed

Following weeks of contentious negotiations, the America’s Cup Event Authority is dropping Piers 30-32 from its development plans and giving up its claim on Seawall 330, the undeveloped lot adjacent to the Watermark. Race teams will now be berthed at Pier 80. At the same time, having unsuccessfully appealed... Read More »

A Quintessential Noe Valley Apple Falls Into Our Cart

As we originally reported, the “quintessential renovated and expanded Noe Valley home” at 4245 23rd Street was purchased for $1,700,000 in September 2004 and returned to the market listed for $1,795,000 last month. As we also noted at the time, based on PropertyShark’s stats, the median neighborhood price per... Read More »

Do You Gotta Have (137) Faith?

Do You Gotta Have (137) Faith?

Purchased for $650,000 in July of 2005 with a first mortgage for $417,000, a second for $125,000 and $108,000 down, a year ago a notice of default was first filed for the property at 137 Faith, the first mortgage for which was already $19,666 past due at the time.... Read More »

Before And After And Back On The Market At 2828 Jackson

Before And After And Back On The Market At 2828 Jackson

Purchased as a 3,747 square foot “sleek contemporary Pacific Heights home” for $3,325,000 in 2007, the original 1980’s façade and interior of 2828 Jackson are history. Now, an “exquisitely renovated contemporary” 2828 Jackson Street is back on the market in 2012 listed for $4,200,000 with all new fixtures and... Read More »

First Four Salesforce.com Campus Buildings Poised For Approval

First Four Salesforce.com Campus Buildings Poised For Approval

The office allocation for the first four buildings of Salesforce.com’s Mission Bay Campus is poised to be approved by San Francisco’s Planning Commission on Thursday, March 1. The four buildings will yield 1,488,996 square feet, 1,254,551 of which will be office space, 41,363 ground floor retail, and 6,000 square... Read More »

A Remodeled 444-446 Roosevelt Returns As A Single-Family Home

A Remodeled 444-446 Roosevelt Returns As A Single-Family Home

Apples to apples, 444-446 Roosevelt Way was purchased for $2,100,000 in early 2008, relisted for $1,750,000 in early 2011 with permits to excavate, expand, and remodel in place, and sold for $1,300,000 this past July. Now an orange, it’s a plugged-in reader that notices the since remodeled Corona heights... Read More »

U.S. New Home Sales: Up 3.5% In January Year-Over-Year

The seasonally adjusted annual pace of new single-family home sales in the U.S. fell to 321,000 in January, down 0.9 percent from a revised rate of 324,000 in December but 3.5 percent above the 310,000 pace recorded in January 2011. Preliminary U.S. new home sales (versus pace) in January... Read More »

Millennium Tower Apples-To-Apples Take Two

Millennium Tower Apples-To-Apples Take Two

With Millennium Tower 70 percent sold and sales volume picking up, we turn our attention to a one-bedroom apple to be in the building. Purchased for $884,000 in March of 2010, 301 Mission Street #17C hit the market this past October listed for $849,000 before being withdrawn from the... Read More »

Millennium And One Hawthorne 70% Sold, Madrone Closings In July

San Francisco’s Millennium Tower has hit the 70 percent sold mark, recently averaging $1,075 per square foot with 130 condos left to sell, as has One Hawthorne with 55 condos left to move. Over in South Mission Bay, Madrone has 90 of 211 Phase One condos in contract with... Read More »