Bay Area Is The Fastest Growing Region In California

Having grown by an estimated 16,962 residents last year, the population of San Jose is now over the one million mark (1,000,536) while the population of San Francisco has grown to 836,620, an increase of 10,617 residents in 2013, according to California’s Department of Finance. At the same time,... Read More »

Fed Cuts Stimulus On Indicators Of Activity Despite Anemic Q1

While the U.S. economy grew by an anemic 0.1 percent in the first quarter of 2014, “information received since the Federal Open Market Committee met in March indicates that growth in economic activity has picked up recently.” As such, the Fed is cutting its monthly stimulus spending by another $10 billion beginning in May while Read More »

Going, Going, And…Gone On Cathedral Hill

Going, Going, And…Gone On Cathedral Hill

From going, going, to gone, the old Jack Tar Hotel on Cathedral Hill has been razed and it’s on to months of digging for the foundation and parking garage of CPMC’s Cathedral Hill Hospital to rise. Read More »

Encroaching On The Hells Angels In San Francisco

Encroaching On The Hells Angels In San Francisco

The big green wall on the northern edge of the proposed mid-block passage between Tennessee and Third, just north of 23rd Street, isn’t simply for decoration. For on the other side of said wall is the Clubhouse for the Frisco chapter of the Hells Angels Motorcycle Club. The club isn’t planning to move. And as Read More »

Mortgage Activity Drops Despite Move Into Spring Buying Season

At a time of the year when mortgage application volume should be picking up, the Mortgage Bankers Association‘s Purchase Index, a measure of mortgage loan application volume for home purchases across the country, fell 4 percent over the past week and is running 21 percent lower on a year-over-year basis. At the same time, the Read More »

Designs For Another 259 Dogpatch Apartments Up For Approval

Designs For Another 259 Dogpatch Apartments Up For Approval

As plugged-in people have long known to expect, designs to raze the southern portion of the Dogpatch block bounded by Third, 23rd, and Tennessee Streets have been drawn with plans to construct a six-story building with 259 rental units over parking for 147 cars and 259 bikes, and 2,300 square feet of retail, on the Read More »

Behind The Ballot Measure To Restrict Airbnb’s Business In SF

As we first reported yesterday, a proposed ballot measure to further restrict, or in some cases ban, short-term rentals in San Francisco is expected to be submitted to San Francisco’s Department of Elections today. The proposed initiative would prohibit short-term rentals in neighborhoods which are not zoned for commercial use, would create a public registry Read More »

San Francisco Home Values Tick Up, Condos Within 4% Of Peak

San Francisco Home Values Tick Up, Condos Within 4% Of Peak

According to the S&P/Case-Shiller Home Price Index, single-family home values in the San Francisco MSA ticked up a nominal 0.2% from January to February of 2014. Up 22.7% on a year-over-year basis, the San Francisco Index remains 16.7% below a May 2006 peak. For the broader 10-City composite, home values were unchanged from January to Read More »

Ballot Measure To Further Limit Or Ban Short-Term Rentals In SF

According to an email from David Owen, Airbnb’s Regional Head of Public Policy, to a number of hosts, “a ballot initiative being drafted by opponents of home sharing that will be introduced tomorrow that would severely limit — and possibly ban — short-term rentals in San Francisco.” While details for the proposed initiative have yet Read More »

Dogpatch Apartments And Arts Plaza Up For Approval This Week

Dogpatch Apartments And Arts Plaza Up For Approval This Week

As we first reported and revealed a few weeks ago, the designs and plans for the proposed 111-unit Dogpatch development to rise along Indiana between 18th and 19th Streets (aka the 650 Indiana Street Project or Café Cocomo redevelopment) have been refined and now include a “Cocomo Mews” between the two five-story buildings with a Read More »

SF Sellers Are Moving Out, And Behind A Couple Of Buyer Myths

A couple of stats from a survey of Paragon Real Estate Group agents with respect to their last 12 months of activity in San Francisco: 60 percent of the sellers represented by Paragon are relocating outside of San Francisco. The main reasons for their moves: 1. schools (and other family-raising reasons), 2. affordability (the ability Read More »

Visitacion Valley Unlocked: Schlage Redevelopment Ready To Roll

Visitacion Valley Unlocked: Schlage Redevelopment Ready To Roll

The old Schlage Lock factory along Bayshore Boulevard closed in 1999, was left derelict for a decade, and was finally razed in 2009 in order to make way for a 20-acre transit village to rise. Waylaid by the Great Recession and Governor Jerry Brown’s shuttering of local redevelopment agencies in 2012, today, Mayor Ed Lee Read More »

Pending Home Sales Tick Up, But Remain Below 2013 Levels

The National Association of Realtors Pending Homes Sales Index ticked up 3.4 percent from February to March, the first month-over-month gain in nine months. That being said, the forward-looking indicator remains nearly 8 percent lower on a year-over-year basis while the inventory of homes for sale is 9.5 percent higher – and moving 23 percent Read More »

Skyscrapers Of San Francisco, Circa 1906

Skyscrapers Of San Francisco, Circa 1906

Following San Francisco’s Great Quake and Fire in 1906, plans were laid for the lower end of Kearny Street, “which had been disfigured for years by rows of rookeries and little stores of shark clothiers,” to blossom into a district of “skyscrapers.” The first bud of the district was to be a ten-story office building Read More »

Long-Vacant Downtown Lot Ready For (Downsized) Development

Long-Vacant Downtown Lot Ready For (Downsized) Development

Zoned for development up to 300-feet in height, a 30-story hotel was proposed to rise on the northwest corner of Pine and Kearny in 1981. In 1982, the proposal was changed to a 26-story office building, a proposal which was never approved for the 500 Pine Street parcel upon which a 10-story “skyscraper” had been Read More »