Designs For 94 New Dogpatch Dwelling Units Along Third And Illinois

Designs For 94 New Dogpatch Dwelling Units Along Third And Illinois

Plans for a six-story residential building to rise at 2051 3rd Street will be presented to San Francisco’s Planning Commission next week. The proposed Dogpatch development would raze two mid-block industrial buildings between Mariposa and 18th Streets, merge the parcels, and construct 94 new dwelling units with an underground... Read More »

Pending Home Sales Drop While Inventory Is On The Rise

While the National Association of Realtor’s Pending Home Sales Index edged up 0.1 percent in January, it’s down 9.0 percent on a year-over-year basis with a lack of inventory continuing to be fingered for much of the decline. At the same time, the inventory of existing homes on the market was up 10.9 percent on Read More »

Cathedral Hill Demolition Watch: No Rooms At The Inn, Offices Next

Cathedral Hill Demolition Watch: No Rooms At The Inn, Offices Next

Our plugged-in photographer reports the old Jack Tar Hotel’s event spaces, garage and hotel rooms have mostly been razed and the wrecking crew is staring to work on the remaining office section of the block (click photo to enlarge). As the Cathedral Hill site looked last month and two months before that. And of course, Read More »

Award Winning Gang Hired To Design San Francisco Tower

Award Winning Gang Hired To Design San Francisco Tower

Award winning Chicago architect Jeanne Gang, the architect of Chicago’s undulating 82-story Aqua, has been engaged by Tishman Speyer to design a tower in San Francisco. While the Chronicle reports that Gang’s engagement is “for an as-yet-undisclosed site in the Transbay district,” we’d be willing to bet that it’s Tishman’s site at the corner of Read More »

Decision To Downsize Mission District Development Reversed

Decision To Downsize Mission District Development Reversed

San Francisco’s Board of Appeals has reversed their December decision which had required the previously approved five-story project at 1050 Valencia Street to remove a full floor and three units in order to move forward with development As we first reported last month which led to the reversal this week: With San Francisco’s Board of Read More »

Agents Take Next Step Toward Razing The Elbo Room

Agents Take Next Step Toward Razing The Elbo Room

As we first reported last month, the owners of 645 Valencia Street which is currently leased to the Elbo Room have filed preliminary plans to raze the Mission district building and construct a five-story condominium development in its place. While some felt our initial report overstated the seriousness of the plans and owners’ intentions, our Read More »

Google Owns Over 10% Of Mountain View And Plans To Expand

Google Owns Over 10% Of Mountain View And Plans To Expand

Including 42 acres upon which Google has proposed to build a 1.2 million square foot Bay View campus (click to enlarge), Google now controls 250 parcels in Mountain View and owns over ten percent of the city’s taxable property, all of which The Verge has mapped. Google’s stated plans for developing nearly four million square Read More »

Designs For New Condos On Clement Street Slated To Be Approved

Designs For New Condos On Clement Street Slated To Be Approved

As we first reported back in 2012 with respect to a Clement Street development which was quietly in the works at the time: While the neighbors and neighborhood groups haven’t yet been notified, the owner of the single-story building at 3038 Clement Street is quietly working on plans to raze the “European Food” market and Read More »

Fixed Mortgage Rates Tick Up, Jumbos Remain Relatively Cheap

Fixed Mortgage Rates Tick Up, Jumbos Remain Relatively Cheap

The average rate for a conforming 30-year mortgage ticked up from 4.33 to 4.37 percent over the past week and is within 21 basis points of the 33-month high rate of 4.58 percent recorded this past August. The average rate for a 30-year fixed mortgage was 3.51 percent at this time last year while the Read More »

The Modern Maniscalco On 27th Street Fetches $3,775,000

The Modern Maniscalco On 27th Street Fetches $3,775,000

Speaking of Maniscalco designed Noe homes, having been listed for $3,095,000, the sale of 630 27th Street has just closed escrow with a reported contract price of $3,775,000. Read More »

New Homes Sales Up In January, Inventory Up Even More

The seasonally adjusted pace of new single-family home sales in the U.S. increased to an annual rate of 468,000 in January, up 2.2 percent year-over-year and the highest rate since 2008. The pace peaked at 1,309,000 in July of 2005. The inventory of new single-family homes for sale is up 23.5 percent year-over-year. Inventory is Read More »

Apples To Apples And Peak To Peak?

Apples To Apples And Peak To Peak?

Purchased for $2,700,000 in August of 2007, the John Maniscalco designed home at 836 Alvarado is back on the market and listed for $2,599,000, a little under $800 per foot. The main level of the four-bedroom Noe Valley home features Avodire wood cabinets and accent walls, behind which a secondary staircase to the master suite Read More »

Home Loan Purchase Activity At Lowest Level Since 1995

On a seasonally adjusted basis, the Mortgage Bankers Association’s Purchase Index, a measure of mortgage loan application volume for home purchases in the U.S., has fallen to its lowest level since 1995. On an unadjusted basis, the index is down 15 percent year-over-year having ticked up a nominal 0.1 percent over the past week. To Read More »

Condos Rather Than Cold Ones On Divisadero Street

Condos Rather Than Cold Ones On Divisadero Street

A proposal to add four floors of residential space over the existing two-story garage at 834 Divisadero Street is making its way through Planning. Designed by Ian Birchall and Associates, the proposed development would rise 65 feet in height and create seven condos across the top four floors, seven parking spaces on the second, and 4,000 Read More »

A Couple Of Interesting Notes For Tomorrow’s Home Price Reports

A couple of things to keep in mind when reading tomorrow’s reports of home prices in San Francisco having gained 22.6 percent in 2013. The rate of appreciation has been on the decline for the past nine months and 98 percent of 2013’s gains were recorded in the first nine months of the year. In Read More »