Conversion of Historic Convalescent Home Closer to Reality

Conversion of Historic Convalescent Home Closer to Reality

With the owner having retired and the former convalescent home having been shuttered, plans to convert the historic three-story building at 331 Pennsylvania Avenue, which was designed by Frederick H. Meyer, constructed by the Bethlehem Steel Company in 1916, and first served as the Union Iron Works Hospital, into... Read More »

Mortgage Rates Hit Seven-Year Highs, Odds of a Rate Hike Hold

Mortgage Rates Hit Seven-Year Highs, Odds of a Rate Hike Hold

Having ticked up 6 basis points over the past week, the average rate for a benchmark 30-year mortgage now measures 4.61 percent, which is 59 basis points higher than the 4.02 percent rate in place at the same time last year and the highest average rate since May of... Read More »

Proposed Development in San Francisco Tracking a Six-Year Low

Proposed Development in San Francisco Tracking a Six-Year Low

Having peaked at 116 in 2014, the number of newly proposed plans for major developments in San Francisco has been trending down ever since, a trend which shouldn’t catch any plugged-in readers by surprise. And with fewer than 20 preliminary proposals for major projects in the city having been... Read More »

Pac Heights Apartment Quietly on the Market for $25 Million

Pac Heights Apartment Quietly on the Market for $25 Million

While it hasn’t officially been listed for sale, unit #2 in the überexclusive Pacific Heights building at 2006 Washington Street is now quietly on the market with a $25 million price tag. In addition to the building’s entire second floor, the roughly 7,800-square-foot cooperative unit, which is currently configured... Read More »

Complaints Related to Illegal Airbnb-Ing in S.F. Cut in Half

Complaints Related to Illegal Airbnb-Ing in S.F. Cut in Half

While the number of complaints related to illegal short-term rental activity in San Francisco hasn’t dropped to zero following the implementation of the City’s new short-term rental law (which restricts units that haven’t been registered with San Francisco’s Office of Short-Term Rentals from being listed on short-term rental platforms,... Read More »

Plans for Building Up Geary Boulevard: Grand Hot Pot Edition

Plans for Building Up Geary Boulevard: Grand Hot Pot Edition

Plans to raze the one-and-a-half-story building at 3565 Geary Boulevard, which is currently home to Grand Hot Pot Lounge, are in the works. And as envisioned, a seven-story building will rise up to 65 feet in height upon the Lone Mountain site which is actually zoned for development up... Read More »

Passed by Planning, Central SoMa Plan Is Now Headed to the Supes

Passed by Planning, Central SoMa Plan Is Now Headed to the Supes

Having been unanimously supported by San Francisco’s Planning Commission last week, the City’s ambitious Central SoMa Plan is now slated to be reviewed by the Board of Supervisors’ Land Use and Transportation Committee on June 25, after which it will be passed along to San Francisco’s full Board of... Read More »

Lumina Plaza Penthouse Fails to Fetch its 2015 Price

Lumina Plaza Penthouse Fails to Fetch its 2015 Price

Purchased for $2.331 million or roughly $1,430 per square foot in the fourth quarter of 2015, the Lumina Plaza C’s penthouse unit #8E, which features 12-foot ceilings and measures 1,630 square feet, with two bedrooms and two baths, returned to the market listed for $2.586 million in the fourth... Read More »

Burned-Out Former Drug Den Back on the Market for a Million Bucks

Burned-Out Former Drug Den Back on the Market for a Million Bucks

As we wrote last year: Purchased for $440,000 in 1995, the Castro District duplex at 517-519 Sanchez Street has been raided numerous times over the past seven years, resulting in the seizure of large quantities of crystal meth, heroin, ketamine, cocaine and cash. Two years ago the City of... Read More »

The Plans to Transform San Francisco’s Civic Center

The Plans to Transform San Francisco’s Civic Center

In the works since 2016, three comprehensive plans for transforming San Francisco’s Civic Center Plaza, Fulton Mall and United Nations Plaza, as newly rendered and outlined below, will be presented to San Francisco’s Planning Commission next week. Intended to illustrate “a range of long-term potential improvements and approaches to... Read More »