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<title>SocketSite™</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/" />
<modified>2010-02-09T15:54:14Z</modified>
<tagline>San Francisco real estate tips, trends and the local scoop: &quot;Plug In&quot; to SocketSite™</tagline>
<id>tag:www.socketsite.com,2010://1</id>
<generator url="http://www.movabletype.org/" version="3.33">Movable Type</generator>
<copyright>Copyright (c) 2010, socketadmin</copyright>
<entry>
<title><![CDATA[Another Chance To <strike>Buy</strike> "Steal" It...]]></title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2010/02/nobody_bought_stole_it_before_so_how_about_now.html" />
<modified>2010-02-09T15:54:14Z</modified>
<issued>2010-02-09T15:30:00Z</issued>
<id>tag:www.socketsite.com,2010://1.4620</id>
<created>2010-02-09T15:30:00Z</created>
<summary type="text/plain"> As we wrote last week with respect to the sale of 601 4th Street Penthouse #2 at $663 per square foot: &quot;…perhaps not a great comp for the &quot;It’s a steal!&quot; penthouse number three directly next door (last asking...</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/">
 As we wrote last week with respect to the sale of 601 4th Street Penthouse #2 at $663 per square foot: &quot;…perhaps not a great comp for the &quot;It’s a steal!&quot; penthouse number three directly next door (last asking...
</content>
</entry>
<entry>
<title>Design Matters Damn It (As Do Views): 3975 19th Street Sells</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2010/02/design_matters_damn_it_3975_19th_street_closes_sells.html" />
<modified>2010-02-08T23:32:17Z</modified>
<issued>2010-02-08T22:00:00Z</issued>
<id>tag:www.socketsite.com,2010://1.4619</id>
<created>2010-02-08T22:00:00Z</created>
<summary type="text/plain"> The sale of 3975 19th Street closed escrow today with a reported contract price of $2,360,000, 3 percent over its asking of $2,295,000 and either $890 or $955 per square foot depending upon how you measure (inside or outside...</summary>
<author>
<name>socketadmin</name>
<url>www.socketsite.com</url>
<email>admin@socketsite.com</email>
</author>
<dc:subject>Design &amp; Architecture</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.socketsite.com/">
 The sale of 3975 19th Street closed escrow today with a reported contract price of $2,360,000, 3 percent over its asking of $2,295,000 and either $890 or $955 per square foot depending upon how you measure (inside or outside...
</content>
</entry>
<entry>
<title>More Mortgage &quot;Mumbo&quot; Jumbo: Serious Delinquencies Increase</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2010/02/more_mortgage_mumbo_jumbo_delinquencies_increase.html" />
<modified>2010-02-08T21:46:33Z</modified>
<issued>2010-02-08T21:30:00Z</issued>
<id>tag:www.socketsite.com,2010://1.4618</id>
<created>2010-02-08T21:30:00Z</created>
<summary type="text/plain">&quot;U.S. prime jumbo mortgages at least 60 days late backing securities reached 9.6 percent in January from 9.2 percent in December, the 32nd straight increase for &quot;serious delinquencies&quot;...[but the] share of borrowers current the previous month and that then turned...</summary>
<author>
<name>socketadmin</name>
<url>www.socketsite.com</url>
<email>admin@socketsite.com</email>
</author>
<dc:subject>Just Quotes (Emphasis Added)</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.socketsite.com/">
&quot;U.S. prime jumbo mortgages at least 60 days late backing securities reached 9.6 percent in January from 9.2 percent in December, the 32nd straight increase for &quot;serious delinquencies&quot;...[but the] share of borrowers current the previous month and that then turned...
</content>
</entry>
<entry>
<title>365 Fulton (AKA Parcel G) Design Evolved, Site Work Commences</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2010/02/365_fulton_aka_parcel_g_site_work_commences_and_the_pla.html" />
<modified>2010-02-08T20:54:44Z</modified>
<issued>2010-02-08T19:30:00Z</issued>
<id>tag:www.socketsite.com,2010://1.4617</id>
<created>2010-02-08T19:30:00Z</created>
<summary type="text/plain"> Site work has commenced at 365 Fulton (a.k.a. &quot;Central Freeway Parcel G&quot;). Parcel G will be a five story development including 120 studio units of housing for extremely low income, formerly chronically homeless individuals, located at the corner of...</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/">
 Site work has commenced at 365 Fulton (a.k.a. &quot;Central Freeway Parcel G&quot;). Parcel G will be a five story development including 120 studio units of housing for extremely low income, formerly chronically homeless individuals, located at the corner of...
</content>
</entry>
<entry>
<title>Going Short Heritage On Fillmore (1310 Fillmore) Having Bought Long</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2010/02/going_short_heritage_on_fillmore_1310_fillmore_having_b.html" />
<modified>2010-02-08T17:39:10Z</modified>
<issued>2010-02-08T17:30:00Z</issued>
<id>tag:www.socketsite.com,2010://1.4616</id>
<created>2010-02-08T17:30:00Z</created>
<summary type="text/plain">Asking &quot;in the $900’s&quot; for the five three-bedrooms at Heritage on Fillmore (1310 Fillmore) in December 2006, number 802 sold in November 2007 and sports a tax assessed value of $993,953 (which would suggest a sale price &quot;in the $950’s&quot;)....</summary>
<author>
<name>socketadmin</name>
<url>www.socketsite.com</url>
<email>admin@socketsite.com</email>
</author>
<dc:subject>Bay Buildings</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.socketsite.com/">
Asking &quot;in the $900’s&quot; for the five three-bedrooms at Heritage on Fillmore (1310 Fillmore) in December 2006, number 802 sold in November 2007 and sports a tax assessed value of $993,953 (which would suggest a sale price &quot;in the $950’s&quot;)....
</content>
</entry>
<entry>
<title>Parking Space Trivia (And Spoiler): 441,541 Spaces In San Francisco</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2010/02/parking_space_trivia_and_spoiler_441541_spaces_in_san_f.html" />
<modified>2010-02-08T16:44:06Z</modified>
<issued>2010-02-08T16:30:00Z</issued>
<id>tag:www.socketsite.com,2010://1.4615</id>
<created>2010-02-08T16:30:00Z</created>
<summary type="text/plain"> San Francisco’s first ever parking space inventory totaled 441,541 on-street, off-street, paid or free parking spaces in the city. Unwarranted spaces not included we&apos;re guessing. Also mentioned in the Mayor’s weekly YouTube address this past Friday: Federal funds of...</summary>
<author>
<name>socketadmin</name>
<url>www.socketsite.com</url>
<email>admin@socketsite.com</email>
</author>
<dc:subject>Seemingly Random</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.socketsite.com/">
 San Francisco’s first ever parking space inventory totaled 441,541 on-street, off-street, paid or free parking spaces in the city. Unwarranted spaces not included we&apos;re guessing. Also mentioned in the Mayor’s weekly YouTube address this past Friday: Federal funds of...
</content>
</entry>
<entry>
<title>111 Hoffman Closes Over Asking But 29 Percent Under Its 2005 Price</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2010/02/111_hoffman_closes_over_asking_but_well_under_its_2005.html" />
<modified>2010-02-08T16:25:45Z</modified>
<issued>2010-02-08T16:00:00Z</issued>
<id>tag:www.socketsite.com,2010://1.4614</id>
<created>2010-02-08T16:00:00Z</created>
<summary type="text/plain"> Purchased for $2,100,000 at the end of August 2005, 111 Hoffman ended up being taken back by the bank in September 2009 without an opening bid of $1,533,000 on the courthouse steps. It then returned to the market in...</summary>
<author>
<name>socketadmin</name>
<url>www.socketsite.com</url>
<email>admin@socketsite.com</email>
</author>
<dc:subject>Apples To Apples</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.socketsite.com/">
 Purchased for $2,100,000 at the end of August 2005, 111 Hoffman ended up being taken back by the bank in September 2009 without an opening bid of $1,533,000 on the courthouse steps. It then returned to the market in...
</content>
</entry>
<entry>
<title>A Favorite Soma Grand (Not From The Fifth Floor) Penthouse View</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2010/02/a_favorite_soma_grand_penthouse_view_not_from_the_fifth.html" />
<modified>2010-02-07T00:55:07Z</modified>
<issued>2010-02-06T01:30:00Z</issued>
<id>tag:www.socketsite.com,2010://1.4613</id>
<created>2010-02-06T01:30:00Z</created>
<summary type="text/plain"> While the Craigslist post identifies this Soma Grand (1160 Mission) unit as #501, as a plugged-in reader notes, we’re pretty sure the penthouse level isn’t on the fifth floor. And the pictured &quot;top floor&quot; unit number actually starts with...</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/">
 While the Craigslist post identifies this Soma Grand (1160 Mission) unit as #501, as a plugged-in reader notes, we’re pretty sure the penthouse level isn’t on the fifth floor. And the pictured &quot;top floor&quot; unit number actually starts with...
</content>
</entry>
<entry>
<title>Apples To Apples To Apples (Plus Televisions) For 1606 Castro</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2010/02/1606_castro_apples_to_apples_to_apples_with_televisions.html" />
<modified>2010-02-06T01:00:21Z</modified>
<issued>2010-02-06T00:45:00Z</issued>
<id>tag:www.socketsite.com,2010://1.4612</id>
<created>2010-02-06T00:45:00Z</created>
<summary type="text/plain"> Rebuilt in 2004 (after which it sold for $1,500,000), then resold in 2006 for $1,750,000, 1606 Castro is back on the market in 2010 and asking $1,875,000 (televisions included). ∙ Listing: 1606 Castro (3/3.5) - $1,875,000 [1606castro.com] [MLS]...</summary>
<author>
<name>socketadmin</name>
<url>www.socketsite.com</url>
<email>admin@socketsite.com</email>
</author>
<dc:subject>Apples To Apples</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.socketsite.com/">
 Rebuilt in 2004 (after which it sold for $1,500,000), then resold in 2006 for $1,750,000, 1606 Castro is back on the market in 2010 and asking $1,875,000 (televisions included). ∙ Listing: 1606 Castro (3/3.5) - $1,875,000 [1606castro.com] [MLS]...
</content>
</entry>
<entry>
<title>Book Concern Building (83 McAllister) Comes Back To Market As Well</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2010/02/book_concern_building_83_mcallister_comes_back_to_marke.html" />
<modified>2010-02-06T00:33:12Z</modified>
<issued>2010-02-06T00:00:00Z</issued>
<id>tag:www.socketsite.com,2010://1.4611</id>
<created>2010-02-06T00:00:00Z</created>
<summary type="text/plain"> Speaking of new developments now returning to the market, eight of the sixty units at the previously sold out Book Concern Building (83 McAllister) were just listed at prices ranging from $299,000 for the 261 square foot number 412...</summary>
<author>
<name>socketadmin</name>
<url>www.socketsite.com</url>
<email>admin@socketsite.com</email>
</author>
<dc:subject>Bay Buildings</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.socketsite.com/">
 Speaking of new developments now returning to the market, eight of the sixty units at the previously sold out Book Concern Building (83 McAllister) were just listed at prices ranging from $299,000 for the 261 square foot number 412...
</content>
</entry>
<entry>
<title>U.S. Unemployment Rate Declines To 9.7% (Yes, &quot;Unexpectedly&quot;)</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2010/02/actually_unexpected_us_unemployment_rate_declines_to_97.html" />
<modified>2010-02-06T00:34:43Z</modified>
<issued>2010-02-05T17:15:00Z</issued>
<id>tag:www.socketsite.com,2010://1.4609</id>
<created>2010-02-05T17:15:00Z</created>
<summary type="text/plain">Last week initial jobless applications in the U.S. increased to 480,000 and those receiving extended benefits increased by about 242,000 (4%). Luckily the headline U.S. unemployment rate dropped to 9.7% in January. ∙ Perhaps At Some Point The &quot;Unexpected&quot; Shouldn&apos;t...</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/">
Last week initial jobless applications in the U.S. increased to 480,000 and those receiving extended benefits increased by about 242,000 (4%). Luckily the headline U.S. unemployment rate dropped to 9.7% in January. ∙ Perhaps At Some Point The &quot;Unexpected&quot; Shouldn&apos;t...
</content>
</entry>
<entry>
<title>Could Julius’ Castle Become Your Own?  (302 Greenwich For Sale)</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2010/02/could_julius_castle_become_yours_302_greenwich_for_sale.html" />
<modified>2010-02-05T23:46:53Z</modified>
<issued>2010-02-05T17:00:00Z</issued>
<id>tag:www.socketsite.com,2010://1.4610</id>
<created>2010-02-05T17:00:00Z</created>
<summary type="text/plain"> Long seeking a new tenant since shutting down two years ago under allegations of landlord fraud, misrepresentation, and lease issues, a plugged-in tipster notes that 302 Greenwich (a.k.a. Julius’ Castle) is now on the market asking $4,950,000. From the...</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/">
 Long seeking a new tenant since shutting down two years ago under allegations of landlord fraud, misrepresentation, and lease issues, a plugged-in tipster notes that 302 Greenwich (a.k.a. Julius’ Castle) is now on the market asking $4,950,000. From the...
</content>
</entry>
<entry>
<title>Symphony Towers Moves To Sell Twenty-Six Leased Leftover Units</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2010/02/symphony_towers_moves_to_sell_twenty_six_leased_units.html" />
<modified>2010-02-05T18:03:46Z</modified>
<issued>2010-02-05T16:30:00Z</issued>
<id>tag:www.socketsite.com,2010://1.4608</id>
<created>2010-02-05T16:30:00Z</created>
<summary type="text/plain">While we broke the news last week with respect to Artani (818 Van Ness) unsuspending their sales efforts, apparently Symphony Towers is doing the same for 26 (out of 130) units they ended up leasing out over a year ago....</summary>
<author>
<name>socketadmin</name>
<url>www.socketsite.com</url>
<email>admin@socketsite.com</email>
</author>
<dc:subject>Bay Buildings</dc:subject>
<content type="text/html" mode="escaped" xml:lang="en" xml:base="http://www.socketsite.com/">
While we broke the news last week with respect to Artani (818 Van Ness) unsuspending their sales efforts, apparently Symphony Towers is doing the same for 26 (out of 130) units they ended up leasing out over a year ago....
</content>
</entry>
<entry>
<title><![CDATA[A Smaller Lily Pad And Hayes Valley TIC <strike>Apple To Be</strike> Comp In 2008]]></title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2010/02/another_lily_pad_and_almost_hayes_valley_tic_apple_75_l.html" />
<modified>2010-02-05T00:32:13Z</modified>
<issued>2010-02-05T00:00:00Z</issued>
<id>tag:www.socketsite.com,2010://1.4607</id>
<created>2010-02-05T00:00:00Z</created>
<summary type="text/plain"> We’d call it an apples to apples sale to be for 75 Lily #4, but while the sale price of $489,000 in April 2008 is reported on the MLS, it appears that the recorded selling (&quot;75 Lily Street&quot;) and...</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/">
 We’d call it an apples to apples sale to be for 75 Lily #4, but while the sale price of $489,000 in April 2008 is reported on the MLS, it appears that the recorded selling (&quot;75 Lily Street&quot;) and...
</content>
</entry>
<entry>
<title>[Accepting Applications For Headline, Prince References Preferred]</title>
<link rel="alternate" type="text/html" href="http://www.socketsite.com/archives/2010/02/accepting_applications_for_this_headline_prince_referen.html" />
<modified>2010-02-04T22:50:12Z</modified>
<issued>2010-02-04T22:30:00Z</issued>
<id>tag:www.socketsite.com,2010://1.4606</id>
<created>2010-02-04T22:30:00Z</created>
<summary type="text/plain">Five months ago the Dow Jones Industrial Average crossed above ten thousand mark - a mark it first achieved in 1999 - for the first time in a year. Today, the Dow Jones Industrial Average crossed below the ten thousand...</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/">
Five months ago the Dow Jones Industrial Average crossed above ten thousand mark - a mark it first achieved in 1999 - for the first time in a year. Today, the Dow Jones Industrial Average crossed below the ten thousand...
</content>
</entry>

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