Articles Filed Under: Industry Stuff

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Three Months Later And Flipped For $2.3 Million More

Three Months Later And Flipped For $2.3 Million More

Purchased as a three-unit building for $2.6 million three months ago and quickly remodeled as a “lavish” single-family home with gold fixtures, marble countertops and a La Cornue range in the kitchen; an outdoor living room complete with a television mounted over the new gas fireplace out back; and an “opulent” master bath with a Read More »

Foreclosed Upon SF Mansion Flipped For A Few Million More

Foreclosed Upon SF Mansion Flipped For A Few Million More

Purchased for $3,875,000 at the end of 2007, the nearly 8,000-square-foot Victorian at 21 Buena Vista Avenue East, which features 22 remodeled rooms, 1,700 square feet of private gallery space, and a cellar for 3,000 bottles of wine, returned to the market last year listed for $6,500,000, was reduced to $5,900,000 and briefly marketed as a potential “Tech Incubator” Read More »

Glen Park Address, Noe Valley Price, And One Very Successful Flip

Glen Park Address, Noe Valley Price, And One Very Successful Flip

Purchased for $1,412,000 five months ago, the Glen Park home at 1750 Noe Street underwent a quick renovation, remodeling and re-positioning to “the outskirts of Noe Valley.” Listed in August for $2,698,000 with 2,300 square feet of living space, up from 1,913 square feet per its listing in May, two weeks later the list price Read More »

Mayor Lee Signs San Francisco’s Airbnb Legislation Into Law

Mayor Ed Lee has signed San Francisco’s so-called “Airbnb ordinance” into law, officially legalizing but limiting short-term rentals in the city. As approved by San Francisco’s Board of Supervisors by a vote of 7-4 earlier this month, the new law allows a permanent resident of the city to rent out their primary residence on a Read More »

“Hayes Valley” Home Joins The Million Dollar Price Cut Club

“Hayes Valley” Home Joins The Million Dollar Price Cut Club

Originally listed for $4,695,000 in May, then relisted anew for $3,995,000 last month, the asking price for the newly built home at 39 Lloyd Street – an address which is technically within Hayes Valley per the Realtors’ map, but sits between Duboce Triange and the Lower Haight – has just been reduced by another $500K. And Read More »

Supervisors Pass Law To Regulate Tenant Buyouts In San Francisco

The proposed law to regulate and restrict the buyouts of tenants from rent-controlled apartments in San Francisco has been passed by the Board of Supervisors in a vote of 7 to 4 with Supervisors Breed, Farrell, Tang and Wiener opposing. If you’re either a tenant or landlord in San Francisco, there are seven key things you Read More »

S.F. Will Appeal Judge’s Ruling Against Eviction Payments

City Attorney Dennis Herrera has announced that his office will appeal yesterday’s ruling by U.S. District Judge Charles Breyer which struck down San Francisco’s recently adopted tenant relocation law, a law which requires landlords in San Francisco who invoke the Ellis Act to pay any evicted tenants an upfront sum equal to the difference between their current Read More »

Two-Year Payouts For Evicted Tenants In SF Ruled Unconstitutional

San Francisco’s recently adopted law which requires landlords in San Francisco who invoke the Ellis Act to pay their evicted tenants an upfront sum equal to the difference between their current rent and a similar market-rate unit over the course of two years has been ruled unconstitutional and struck down by  U.S. District Judge Charles Breyer. From Read More »

Law To Regulate Tenant Buyouts In SF: Seven Key Things To Know

With tenants in rent controlled apartments reporting offers of up to $80,000 to vacate, and unreported offers of even more, a proposed law which would require the public disclosure and tracking of all tenant buyout agreements in San Francisco, and prohibit buildings which are emptied by way of a buyout from being condo converted, could be Read More »

Head Of San Francisco Tenants Union Has Died

The executive director of the San Francisco Tenants Union, Ted Gullicksen, was found dead in his bed today. From the Chronicle’s report: Several friends said they knew of no health problems with Mr. Gullicksen, who recently had been working vigorously for Proposition G, a ballot measure designed to deter real estate speculators from evicting tenants Read More »

SF’s Airbnb Law Approved, Short-Term Rentals Legalized

Supervisor Chiu’s proposed ordinance to legalize, but limit, short-term rentals in San Francisco, a so-called “Airbnb law,” has been approved by San Francisco’s Board of Supervisors by a vote of 7-4 with Supervisors Avalos, Campos, Mar and Yee opposing. The new law will allow a permanent resident of San Francisco to rent out their primary Read More »

San Francisco’s Flawed Airbnb Law Ready For Board Vote

Supervisor Chiu’s proposed ordinance which would legalize, but theoretically limit, short-term rental activity in San Francisco could be adopted by San Francisco’s Board of Supervisors this afternoon.  And neither the hosts who have been heretofore illegally renting their units, nor the housing advocates and neighbors who have been lobbying for legislation to restrict the practice, are Read More »

Federal Judge Orders SF To Justify New Eviction Law Payments

A Federal judge has given The City of San Francisco until Friday to file a legal brief justifying The City’s newly adopted and accelerated law which requires landlords in San Francisco who invoke the Ellis Act to pay evicted tenants an upfront sum equal to the difference between their current rent and a similar market Read More »

Twitter Won’t Be Expanding Into “1 Tenth”

Twitter Won’t Be Expanding Into “1 Tenth”

The ten-story building at 875 Stevenson Street was constructed as an expansion of the San Francisco Mart and Western Merchandise Exchange building at 1355 Market Street in 1975. Recently re-skinned and redeveloped as part of Shorenstein’s Market Square development, and with plans for a 35-foot skybridge to be built between the upper floors of the Read More »

Pending U.S. Home Sales Slip, Investor Activity Slowing Down

At a time of the year when seasonality should be giving it a boost, the National Association of Realtors Pending Home Sales Index slipped 1.0 percent from July to August and is running 2.2 percent lower on a year-over-year basis.  The inventory of listed homes for sale is currently running 1.1 percent lower, year-over-year. And Read More »