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<title>SocketSite™</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/" />
<modified>2009-07-03T21:05:22Z</modified>
<tagline>San Francisco real estate tips, trends and the local scoop: &quot;Plug In&quot; to SocketSite™</tagline>
<id>tag:www.socketsite.com,2009://1</id>
<generator url="http://www.movabletype.org/" version="3.33">Movable Type</generator>
<copyright>Copyright (c) 2009, socketadmin</copyright>
<entry>
<title>Full Taxation On Your Location? (The Great Proposition 13 Debate)</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2009/07/full_taxation_on_your_location_aka_the_great_propositio.html" />
<modified>2009-07-03T21:05:22Z</modified>
<issued>2009-07-03T21:00:00Z</issued>
<id>tag:www.socketsite.com,2009://1.3873</id>
<created>2009-07-03T21:00:00Z</created>
<summary type="text/plain">&quot;No taxation without representation&quot; was the catchy and quite effective battle cry back then. While today’s &quot;Close The Loophole&quot; by San Francisco Assessor-Recorder Phil Ting simply doesn’t have the same ring. We’ve been saving the topic for this long weekend...</summary>
<author>
<name>socketadmin</name>
<url>www.socketsite.com</url>
<email>admin@socketsite.com</email>
</author>
<dc:subject>Real Estate Economics</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.socketsite.com/">
&quot;No taxation without representation&quot; was the catchy and quite effective battle cry back then. While today’s &quot;Close The Loophole&quot; by San Francisco Assessor-Recorder Phil Ting simply doesn’t have the same ring. We’ve been saving the topic for this long weekend...
</content>
</entry>
<entry>
<title>We Should All Be So Fortunate As To Have A Fireplace In Our Foyer</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2009/07/we_should_all_be_so_lucky_as_to_have_a_fireplace_in_the.html" />
<modified>2009-07-03T20:30:20Z</modified>
<issued>2009-07-03T18:15:00Z</issued>
<id>tag:www.socketsite.com,2009://1.3872</id>
<created>2009-07-03T18:15:00Z</created>
<summary type="text/plain"> The listing currently notes banked owned, but we don’t think it is. And if you caught the estate sale you probably knew it was coming and might have already peeked inside. If not, here&apos;s your chance to peruse the...</summary>
<author>
<name>socketadmin</name>
<url>www.socketsite.com</url>
<email>admin@socketsite.com</email>
</author>
<dc:subject>Listings (for sale)</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.socketsite.com/">
 The listing currently notes banked owned, but we don’t think it is. And if you caught the estate sale you probably knew it was coming and might have already peeked inside. If not, here&apos;s your chance to peruse the...
</content>
</entry>
<entry>
<title>Nothing A Quart Of Paint Stripper Couldn’t Fix</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2009/07/53_clifford_terrace_nothing_a_quart_of_paint_stripper_c.html" />
<modified>2009-07-03T18:00:45Z</modified>
<issued>2009-07-03T17:30:00Z</issued>
<id>tag:www.socketsite.com,2009://1.3871</id>
<created>2009-07-03T17:30:00Z</created>
<summary type="text/plain"> For the most part it’s a nicely restored Arts and Crafts home with &quot;updated&quot; baths. We only wish they hadn’t painted the woodwork in the bedrooms. Okay, and that there were another one of those baths. ∙ Listing: 53...</summary>
<author>
<name>socketadmin</name>
<url>www.socketsite.com</url>
<email>admin@socketsite.com</email>
</author>
<dc:subject>Listings (for sale)</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.socketsite.com/">
 For the most part it’s a nicely restored Arts and Crafts home with &quot;updated&quot; baths. We only wish they hadn’t painted the woodwork in the bedrooms. Okay, and that there were another one of those baths. ∙ Listing: 53...
</content>
</entry>
<entry>
<title>The Early (And Plugged-In) Bird Gets The Couch</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2009/07/the_early_pluggedin_birds_get_the_couch.html" />
<modified>2009-07-03T16:29:27Z</modified>
<issued>2009-07-03T08:00:00Z</issued>
<id>tag:www.socketsite.com,2009://1.3870</id>
<created>2009-07-03T08:00:00Z</created>
<summary type="text/plain"> Okay, so we know we’re not giving you much notice but it’s the scoop and best we can do. Today, July 3rd, one of the hipper staging companies in town (Green Couch) is holding a warehouse sale. 11am to...</summary>
<author>
<name>socketadmin</name>
<url>www.socketsite.com</url>
<email>admin@socketsite.com</email>
</author>
<dc:subject>Sales &amp; Deals</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.socketsite.com/">
 Okay, so we know we’re not giving you much notice but it’s the scoop and best we can do. Today, July 3rd, one of the hipper staging companies in town (Green Couch) is holding a warehouse sale. 11am to...
</content>
</entry>
<entry>
<title>For Some Reason The Façade Just Seemed Fitting...</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2009/07/a_colonial_leading_up_to_the_4th_of_july_weekend_but_of.html" />
<modified>2009-07-03T06:07:37Z</modified>
<issued>2009-07-03T00:00:00Z</issued>
<id>tag:www.socketsite.com,2009://1.3869</id>
<created>2009-07-03T00:00:00Z</created>
<summary type="text/plain"> Like there&apos;s any way we could resist the Colonial styled facade of 120 Santa Ana Avenue leading up to a long 4th of July weekend. But don&apos;t worry, we&apos;re not there quite yet... ∙ Listing: 120 Santa Ana Avenue...</summary>
<author>
<name>socketadmin</name>
<url>www.socketsite.com</url>
<email>admin@socketsite.com</email>
</author>
<dc:subject>Listings (for sale)</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.socketsite.com/">
 Like there&apos;s any way we could resist the Colonial styled facade of 120 Santa Ana Avenue leading up to a long 4th of July weekend. But don&apos;t worry, we&apos;re not there quite yet... ∙ Listing: 120 Santa Ana Avenue...
</content>
</entry>
<entry>
<title>San Francisco Developers Land $96 Million In Infill Grants</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2009/07/san_francisco_developers_land_96_million_in_state_grant.html" />
<modified>2009-07-02T23:09:35Z</modified>
<issued>2009-07-02T22:00:00Z</issued>
<id>tag:www.socketsite.com,2009://1.3868</id>
<created>2009-07-02T22:00:00Z</created>
<summary type="text/plain">In the last round of California Proposition 1C infill infrastructure grants voters approved in 2006, &quot;San Francisco developers won seven state grants worth $96 million&quot; versus one grant for $5 million the last time around. From J.K. Dineen: The biggest...</summary>
<author>
<name>socketadmin</name>
<url>www.socketsite.com</url>
<email>admin@socketsite.com</email>
</author>
<dc:subject>Industry Stuff</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.socketsite.com/">
In the last round of California Proposition 1C infill infrastructure grants voters approved in 2006, &quot;San Francisco developers won seven state grants worth $96 million&quot; versus one grant for $5 million the last time around. From J.K. Dineen: The biggest...
</content>
</entry>
<entry>
<title>74 New Montgomery Update: 80% Sold And Feeling A Bit More Lively</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2009/07/74_new_montgomery_update_80_sold_and_feeling_a_bit_more.html" />
<modified>2009-07-02T17:31:35Z</modified>
<issued>2009-07-02T17:30:00Z</issued>
<id>tag:www.socketsite.com,2009://1.3867</id>
<created>2009-07-02T17:30:00Z</created>
<summary type="text/plain"> A plugged-in resident tipster reports on The Montgomery (74 New Montgomery): I&apos;ve noticed a lot more people in the lobby, elevators, halls etc. the last two weeks then saw [they’re now 80% sold]…so between their price adjustments and/or the...</summary>
<author>
<name>socketadmin</name>
<url>www.socketsite.com</url>
<email>admin@socketsite.com</email>
</author>
<dc:subject>New Developments</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.socketsite.com/">
 A plugged-in resident tipster reports on The Montgomery (74 New Montgomery): I&apos;ve noticed a lot more people in the lobby, elevators, halls etc. the last two weeks then saw [they’re now 80% sold]…so between their price adjustments and/or the...
</content>
</entry>
<entry>
<title>A Half-Price Sale For Class A Commercial Real Estate In San Francisco</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2009/07/a_halfprice_sale_for_san_francisco_class_a_commercial_r.html" />
<modified>2009-07-03T17:06:22Z</modified>
<issued>2009-07-02T17:15:00Z</issued>
<id>tag:www.socketsite.com,2009://1.3866</id>
<created>2009-07-02T17:15:00Z</created>
<summary type="text/plain">&quot;An undisclosed U.S. private-equity firm bought the $40.8 million note on 250 Montgomery St. for about half its face value, according to industry sources. The sale was about 60 percent below the cost of the building, considering the previous price...</summary>
<author>
<name>socketadmin</name>
<url>www.socketsite.com</url>
<email>admin@socketsite.com</email>
</author>
<dc:subject>Commercial</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.socketsite.com/">
&quot;An undisclosed U.S. private-equity firm bought the $40.8 million note on 250 Montgomery St. for about half its face value, according to industry sources. The sale was about 60 percent below the cost of the building, considering the previous price...
</content>
</entry>
<entry>
<title>The Fishers Break CAMP With Respect To The Presidio&apos;s Main Post</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2009/07/the_fishers_break_camp_with_respect_to_the_main_post.html" />
<modified>2009-07-02T16:49:29Z</modified>
<issued>2009-07-02T16:15:00Z</issued>
<id>tag:www.socketsite.com,2009://1.3865</id>
<created>2009-07-02T16:15:00Z</created>
<summary type="text/plain"> According to John King, &quot;Gap founder Donald Fisher and his family have decided to abandon their efforts to build a contemporary art museum at the Main Post of San Francisco&apos;s Presidio.&quot; In calling off an effort that began with...</summary>
<author>
<name>socketadmin</name>
<url>www.socketsite.com</url>
<email>admin@socketsite.com</email>
</author>
<dc:subject>Neighborhoods</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.socketsite.com/">
 According to John King, &quot;Gap founder Donald Fisher and his family have decided to abandon their efforts to build a contemporary art museum at the Main Post of San Francisco&apos;s Presidio.&quot; In calling off an effort that began with...
</content>
</entry>
<entry>
<title>Park Terrace Developer (Opus West) To File For Bankruptcy</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2009/07/park_terrace_developer_opus_west_to_file_for_bankruptcy.html" />
<modified>2009-07-02T01:48:54Z</modified>
<issued>2009-07-02T01:00:00Z</issued>
<id>tag:www.socketsite.com,2009://1.3864</id>
<created>2009-07-02T01:00:00Z</created>
<summary type="text/plain"> Opus East and West (which developed Park Terrace at 325 Berry in Mission Bay) will file for federal bankruptcy protection, with Opus East expected to go the chapter 7 route while Opus West is expected to reorganize under chapter...</summary>
<author>
<name>socketadmin</name>
<url>www.socketsite.com</url>
<email>admin@socketsite.com</email>
</author>
<dc:subject>Industry Stuff</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.socketsite.com/">
 Opus East and West (which developed Park Terrace at 325 Berry in Mission Bay) will file for federal bankruptcy protection, with Opus East expected to go the chapter 7 route while Opus West is expected to reorganize under chapter...
</content>
</entry>
<entry>
<title>Fannie And Freddie Boost Their LTV Limits As The Waters Deepen</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2009/07/fannie_and_freddie_boost_their_ltv_limits_as_the_water.html" />
<modified>2009-07-01T23:50:20Z</modified>
<issued>2009-07-01T21:45:00Z</issued>
<id>tag:www.socketsite.com,2009://1.3862</id>
<created>2009-07-01T21:45:00Z</created>
<summary type="text/plain">&quot;Fannie Mae and Freddie Mac will begin refinancing mortgages with loan-to-value ratios of as much as 125 percent,&quot; up from the current 105 percent limit in a bid boost participation in anti-foreclosure programs. But the basic question of whether or...</summary>
<author>
<name>socketadmin</name>
<url>www.socketsite.com</url>
<email>admin@socketsite.com</email>
</author>
<dc:subject>Real Estate Economics</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.socketsite.com/">
&quot;Fannie Mae and Freddie Mac will begin refinancing mortgages with loan-to-value ratios of as much as 125 percent,&quot; up from the current 105 percent limit in a bid boost participation in anti-foreclosure programs. But the basic question of whether or...
</content>
</entry>
<entry>
<title>Are There Any Plugged-In Top Chef Aficionados In The House?</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2009/07/are_there_any_top_chef_aficionados_in_the_house.html" />
<modified>2009-07-02T21:46:23Z</modified>
<issued>2009-07-01T20:00:00Z</issued>
<id>tag:www.socketsite.com,2009://1.3863</id>
<created>2009-07-01T20:00:00Z</created>
<summary type="text/plain"> From the Craigslist post asking $12,500 per month: NOW AVAILABLE…ONE OF A KIND MANSION…5 BEDROOMS AND 4 BATHROOMS…GOURMET KITCHEN…FAB LIVINGROOM WITH ORNATE FIREPLACE…ROOF GARDEN WITH FABULOUS VIEWS OF CITY. USED AS THE TOP CHEF SAN FRANCISCO HOME ON BRAVO...</summary>
<author>
<name>socketadmin</name>
<url>www.socketsite.com</url>
<email>admin@socketsite.com</email>
</author>
<dc:subject>Rentals</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.socketsite.com/">
 From the Craigslist post asking $12,500 per month: NOW AVAILABLE…ONE OF A KIND MANSION…5 BEDROOMS AND 4 BATHROOMS…GOURMET KITCHEN…FAB LIVINGROOM WITH ORNATE FIREPLACE…ROOF GARDEN WITH FABULOUS VIEWS OF CITY. USED AS THE TOP CHEF SAN FRANCISCO HOME ON BRAVO...
</content>
</entry>
<entry>
<title>Behind The Old Carriage House Entrance Of The Mark Hopkins Mansion</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2009/07/behind_the_carriage_house_entrance_of_the_old_mark_hopk.html" />
<modified>2009-07-01T20:05:54Z</modified>
<issued>2009-07-01T18:00:00Z</issued>
<id>tag:www.socketsite.com,2009://1.3861</id>
<created>2009-07-01T18:00:00Z</created>
<summary type="text/plain"> Speaking of captain’s homes, if you’ve ever wandered around the area of what was once the Mark Hopkins Mansion, now home to the Mark Hopkins Hotel, and wondered what was behind a former carriage house entrance at 1030 Leavenworth,...</summary>
<author>
<name>socketadmin</name>
<url>www.socketsite.com</url>
<email>admin@socketsite.com</email>
</author>
<dc:subject>Listings (for sale)</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.socketsite.com/">
 Speaking of captain’s homes, if you’ve ever wandered around the area of what was once the Mark Hopkins Mansion, now home to the Mark Hopkins Hotel, and wondered what was behind a former carriage house entrance at 1030 Leavenworth,...
</content>
</entry>
<entry>
<title>San Francisco Retail Space Update: Vacancy Rate Up Four-ish Fold</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2009/07/san_francisco_retail_space_update_vacancy_rate_up_fouri.html" />
<modified>2009-07-01T20:09:20Z</modified>
<issued>2009-07-01T16:15:00Z</issued>
<id>tag:www.socketsite.com,2009://1.3860</id>
<created>2009-07-01T16:15:00Z</created>
<summary type="text/plain">According to Colliers International retail broker Ross Portugeis, &quot;San Francisco’s retail vacancy rate leaped in the past year from 3 or 4 percent to 12 or 13 percent&quot; but Portugeis feels the market started stabilizing in May. As always, time...</summary>
<author>
<name>socketadmin</name>
<url>www.socketsite.com</url>
<email>admin@socketsite.com</email>
</author>
<dc:subject>Trends</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.socketsite.com/">
According to Colliers International retail broker Ross Portugeis, &quot;San Francisco’s retail vacancy rate leaped in the past year from 3 or 4 percent to 12 or 13 percent&quot; but Portugeis feels the market started stabilizing in May. As always, time...
</content>
</entry>
<entry>
<title>Is The Captain’s House (300 Sea Cliff) Preparing For Another Voyage?</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2009/07/perhaps_the_captains_house_300_sea_cliff_is_preparing_t.html" />
<modified>2009-07-01T18:14:18Z</modified>
<issued>2009-07-01T09:15:00Z</issued>
<id>tag:www.socketsite.com,2009://1.3859</id>
<created>2009-07-01T09:15:00Z</created>
<summary type="text/plain"> As we wrote in October of 2007: 57 months (no not days) after first hitting the market for $23,500,000, and nine months after undergoing an $8,000,000 renovation (and subsequently raising its asking price by $2,400,000), the list price on...</summary>
<author>
<name>socketadmin</name>
<url>www.socketsite.com</url>
<email>admin@socketsite.com</email>
</author>
<dc:subject>SocketSnaps</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.socketsite.com/">
 As we wrote in October of 2007: 57 months (no not days) after first hitting the market for $23,500,000, and nine months after undergoing an $8,000,000 renovation (and subsequently raising its asking price by $2,400,000), the list price on...
</content>
</entry>

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