Articles Filed Under: Breaking News

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Record-Setting Pac Heights Home Sold for $38 Million

Record-Setting Pac Heights Home Sold for $38 Million

As we first reported last week, the 12,000-square-foot spec home at 2712 Broadway, which had been on the market since the end of last year with a $40 million price tag, sold “in a battle with multiple bidders,” according to Pacific Union’s PR team. And while the final contract... Read More »

Pricing for New Condos in S.F. Slips along with Sales and Inventory

Pricing for New Condos in S.F. Slips along with Sales and Inventory

While sales activity for new condos in San Francisco doubled from April to May with seasonality in play, versus tripling from April to May last year, the number of purchase contracts signed last month (73) was 36 percent lower on a year-over-year basis, according to sales data from The... Read More »

Bay Area Employment Slips, Trending Down in S.F. and Alameda

Bay Area Employment Slips, Trending Down in S.F. and Alameda

On the heels of the weakest first quarter for employment growth since 2009, the number of people living in San Francisco with a job dropped by 1,100 in May to 542,600 versus ticking up by 800 in May of last year and 2,600 in May of 2015. But with... Read More »

The Fed Raises Rates, Signals Another Hike This Year

As predicted, the Federal Reserve just raised the benchmark Federal Funds rate, upping its target range by 0.25 percent (25 basis points) and signaling expectations for another quarter-point increase by the end of the year. The Fed dropped the benchmark rate 5 percentage points between August of 2007 and... Read More »

Plans for Redeveloping Balboa Reservoir Site Revealed

Plans for Redeveloping Balboa Reservoir Site Revealed

The final three plans for redeveloping the western 17 acres of the Balboa Reservoir site, which is currently a 1,000-space parking lot under the jurisdiction of the San Francisco Public Utilities Commission, have been revealed and could yield over 1,200 units of housing; parking for up to 1,260 cars;... Read More »

Pac Heights Pad on the Market for $40 Million Has Sold

Pac Heights Pad on the Market for $40 Million Has Sold

The shiny new 12,000-square-foot spec home at 2712 Broadway, which has been on the market since the end of last year with a $40 million price tag, has sold “in a battle with multiple bidders,” according to Pacific Union’s PR team. The final contract price for the Billionaires Row home... Read More »

Bay Area Home Values Hit Another High but Gains Really Slow

Bay Area Home Values Hit Another High but Gains Really Slow

Having ticked up 1.1 percent in February to an all-time high, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – gained another 1.0 percent in March and the index for area condos... Read More »

Bay Area Home Sales Slip, Slowest April in Six Years

Bay Area Home Sales Slip, Slowest April in Six Years

At a time of the year when sales typical rise around 5 percent, the number of single-family homes and condos that traded hands in San Francisco last month dropped 7 percent, from an upwardly revised 514 in March to 478 April, which is 12.3 percent lower versus the same... Read More »

Another Oakland Development Is Redesigned

Another Oakland Development Is Redesigned

As we first reported last week, the Strada Investment Group is seeking permission to increase the density of the approved development to rise at 1100 Clay Street, between 11th and 12th Streets in Oakland’s City Center, from 262 apartments as approved to 288 as envisioned. And once again, the... Read More »

Plans for a Tower to Rise over This Historic Building

Plans for a Tower to Rise over This Historic Building

Ellis Partners is abandoning the previously approved plans for a 20-story tower to rise at 1100 Broadway in Downtown Oakland. And instead, they’re proposing to develop an 18-story building, the top eight floors of which would be cantilevered over the historic Key System Building on the site. As designed... Read More »