Articles Filed Under: Industry Stuff

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New Condo Sales and Pricing Drop in San Francisco

New Condo Sales and Pricing Drop in San Francisco

While sales activity for new condos in San Francisco has typically ticked up from March to April, the number of purchase contracts signed last month (35) was 62 percent lower than the month before and 17 percent lower versus the same time last year. At the same time, the... 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 »

Major Market Street Development Underway

Major Market Street Development Underway

Demolition of the former Flax at 1699 Market Street is underway. The building permits for a 9-story, 160-unit building to rise up to 85 feet in height upon the Market Street Hub site, with 4,500 square feet of ground floor commercial space fronting Market and an 86-car garage to... Read More »

Iconic North Beach Sausage Factory on the Market

Iconic North Beach Sausage Factory on the Market

Built in 1948, the shuttered Buon Gusto Sausage Factory at 535 Green Street was once the largest sausage and salami producing facility in the west. The 8,600-square-foot building, which is in need of work and includes a 4,000-square-foot basement, sits on an 11,000-square-foot lot in the middle of North... Read More »

How to Play Planning and Mint a Few Million Bucks

How to Play Planning and Mint a Few Million Bucks

Purchased as two adjacent but completely separate units in the Royal Towers building at 1750 Taylor Street for a combined $4.6 million back in January of 2014, an application to legally merge the one-bedroom unit #804 and the two-bedroom unit #805 was soon filed with the city, citing a... Read More »

Mission District “Art Gallery” Site Back on the Market for $5.5M

Mission District “Art Gallery” Site Back on the Market for $5.5M

As we revealed as last year: When Rowland Weinstein, owner of the Weinstein Gallery on Union Square, purchased the 13,500-square-foot building at 2548 Mission Street, which sits between the New Mission/Alamo Drafthouse Theater and Foreign Cinema, for $3.8 million amidst much fanfare in 2014, the seller had reportedly turned... Read More »

Pipeline of Development in S.F. Holds but Nearing Negative Growth

Pipeline of Development in S.F. Holds but Nearing Negative Growth

With new proposals having been submitted to the City for roughly the same number of residential units that finished construction in the first quarter of the year, the overall pipeline of apartments and condos under development in San Francisco is holding around 63,600. But as we first noted last... Read More »

A Record-Smashing Deal on San Francisco’s Waterfront

A Record-Smashing Deal on San Francisco’s Waterfront

The Hong Kong-based SRE Group has purchased an 80 percent stake in the eight-story parking garage at 75 Howard Street, a waterfront site which is fully approved and permitted for a 20-story, 120-unit condominium tower to rise. And according to the Business Times, the price for the majority stake... Read More »

Playing the Illegal Housing Card for a Holdout in Central SoMa

Playing the Illegal Housing Card for a Holdout in Central SoMa

Responding to a complaint about the illegal addition of a residential unit above the Central City Glass shop at 759 Harrison Street back in 2003, a city inspector met with the owner of the four-story building who stated that the unit had “been in place for 20-25 years” despite... Read More »

Opposition to 117-Unit Development in the Mission Paid Off

Opposition to 117-Unit Development in the Mission Paid Off

While approved for the development of 117 apartments last year, including 23 units which are to be provided at below market rates (BMRs), the 2675 Folsom Street project has been waylaid by appeals championed by Calle 24 Latino Cultural District and the Mission Economic Development Agency (MEDA). But with... Read More »