$10M Fixer Back on the Market for $600K Less and Virtually Staged

$10M Fixer Back on the Market for $600K Less and Virtually Staged

The 5,700-square-foot Presidio Heights fixer at 3515 Pacific Avenue hit the market listed for “$6.9 million” early last year and sold for $10.35 million that March. Having since been virtually remodeled and staged, but otherwise mostly untouched, the same “incredible opportunity in one of San Francisco’s most sought after... Read More »

Berkeley Gas Station Development Redesigned for ‘Co-Living’

Berkeley Gas Station Development Redesigned for ‘Co-Living’

Plans to level the Berkeley Gas & Smog station on southwest corner of Shattuck and Ashby Avenues have been in the works since 2015, at which point a five-story development with 44 residential units and a total of 53 bedrooms, counting a studio as one, had been envisioned to... Read More »

Pending Home Sales Inch up in the U.S., Drop in the West

Pending Home Sales Inch up in the U.S., Drop in the West

Having dropped to a 39-month low at the beginning of the year, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, inched up 0.4 percent from a downwardly revised 107.2 in February to 107.6 in March, driven by activity in... Read More »

Big Bubble Development Closer to Reality on Van Ness

Big Bubble Development Closer to Reality on Van Ness

Having been redesigned to address some bay window and encroachment concerns, the plans for a seven story building to rise on the Big Bubble Laundromat site at 2525 Van Ness Avenue, adjacent to Amero, could be approved by Planning this week. As refined by Studio n and Chris Dikeakos... Read More »

Bay Area Home Sales Slip, 9-Year Seasonal Low in San Francisco

Bay Area Home Sales Slip, 9-Year Seasonal Low in San Francisco

The number of single-family homes and condos that traded hands across the greater Bay Area totaled 7,122 in March, a 3.3 percent drop in volume versus the same time last year, versus a 9.0 percent gain over the previous year, according to recorded sales data from CoreLogic. And in... Read More »

Oakland A’s Enter Negotiations for Howard Terminal Site, Again

Oakland A’s Enter Negotiations for Howard Terminal Site, Again

Having dismissed the 50-acre site back in 2014, the Oakland A’s have now entered into a formal negotiating agreement with Oakland’s Port Commission to explore building a new MLB stadium at Howard Terminal, to the west of Jack London Square. Keep in mind that the current A’s chairman emeritus,... Read More »

Raising the Roof (And Not) on Potrero Avenue Take Two

Raising the Roof (And Not) on Potrero Avenue Take Two

As we first reported last year: Plans to redevelop the southwest corner of Potrero Avenue and 23rd Street, across from Zuckerberg San Francisco General Hospital in the Mission, have been in the works since 2013. But having been built in 1925 and identified as a potential historic resource, the... Read More »

A Bid to Block the Redevelopment of UCSF’s Laurel Heights Campus

A Bid to Block the Redevelopment of UCSF’s Laurel Heights Campus

While SKS Partners and the Prado Group have been pushing forward with plans to redevelop the 10-acre Laurel Heights campus at 3333 California Street, which it has acquired from UCSF, a bid to block or delay the project has been made. As proposed by the Laurel Heights Partners project... Read More »

Benchmark Mortgage Rate Jumps, Nearing 7-Year High

Benchmark Mortgage Rate Jumps, Nearing 7-Year High

The average rate for a benchmark 30-year mortgage jumped 11 basis points over the past week to 4.58 percent, which is 55 basis points higher than the 4.03 percent rate in place at the same time last year and an effective 7-year high, matching the 4.58 percent average rate... Read More »

Major Excelsior District Development Newly Detailed and Phased

Major Excelsior District Development Newly Detailed and Phased

Having been expanded to include the Safeway parcel and parking lot at 4950 Mission Street, in addition to the Valente Marini Perata Funeral home parcel at 4840 Mission, the proposed development to rise up to seven stories in height across the Excelsior District site would now yield a total... Read More »