50 Percent Price Cut for Newly Remodeled Pac Heights Mansion

50 Percent Price Cut for Newly Remodeled Pac Heights Mansion

Purchased out of foreclosure for $2.525 million in 2013, the “grandly proportioned circa 1898 Victorian mansion” at 1945 Franklin Street, on the eastern edge of Pacific Heights, has since been “stunningly re-imagined for a modern 21st century lifestyle.” Now measuring nearly 7,000 square feet of finished space, versus closer... Read More »

Office Rents in San Francisco Ended 2018 at a Record High

Office Rents in San Francisco Ended 2018 at a Record High

Driven in part by the delivery of a record 3.7 million square feet of shiny new office space over the past year, all of which was delivered pre-leased, the average asking rent for office space in San Francisco ticked up 1.1 percent in the fourth quarter of 2018 to... Read More »

Mortgage Rates Drop to a 9-Month Low, Application Volume Jumps

Mortgage Rates Drop to a 9-Month Low, Application Volume Jumps

Having shed 6 basis points over the past week, the average rate for a benchmark 30-year mortgage has dropped to 4.45 percent, which is 49 basis points below the 7-year high of 4.94 percent it hit this past November and a 9-month low but still 46 basis points above... Read More »

Price Cuts for ‘Rarely Available,’ yet Almost New, One-Bedroom

Price Cuts for ‘Rarely Available,’ yet Almost New, One-Bedroom

Priced by the sales office at $1.25 million in January of 2017, the sale of the one-bedroom unit #18D within the new Lumina tower at 201 Folsom Street closed escrow with a contract price of $1.235 million that March. This past August, the 876-square-foot unit returned to the market priced... Read More »

Contemporary Conversion in the Mission Closer to Reality

Contemporary Conversion in the Mission Closer to Reality

As we first reported back in 2015: “Two years ago, a fire damaged the home which shares the lot with the former Iglesia del Pacto Evangelico church at 856 Capp Street, between 23rd and 24th in the Mission. And in a move which could spark a few new flames,... Read More »

Newly Proposed Development Hit a 7-Year Low in SF Last Year

Newly Proposed Development Hit a 7-Year Low in SF Last Year

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 20 preliminary proposals for major projects in the city having been submitted to... Read More »

Price Cuts Up, Pending Sales Down in San Francisco

Having ended 2018 with around 36 percent more homes on the market in San Francisco than there were at the end of 2017, which is right in line with the trend we’ve been tracking over the past couple of years, the number of homes currently in contract to be... Read More »

Big Plans for a New Mid-Market Hotel to Rise Right Here

Big Plans for a New Mid-Market Hotel to Rise Right Here

Plans to raze the two, two and three-story, buildings on the northwest corner of Mission and Ninth Streets are in the works. And as envisioned, a new 15-story hotel could rise up to 143 feet in height upon the Mid-Market site which is currently limited to 120 feet and... Read More »

Quick Resale at The Pacific Fetches $2,320 per Square Foot

Quick Resale at The Pacific Fetches $2,320 per Square Foot

Purchased for $4.675 million in October of 2017, the 2,112-square-foot unit #501 in “The Pacific” at 2121 Webster Street returned to the market priced at $5.9 million, or roughly $2,794 per square foot, this past September, with a few storage, lighting and design upgrades in between. In addition to... Read More »

Plans to Revitalize the Pedestrian Realm

Plans to Revitalize the Pedestrian Realm

Plans to “revitalize the pedestrian realm” at the base of 101 California are in the works. And in addition to “updating” the existing glass enclosure of the tower’s lobby – employing larger glass panels and a new, muted, mullion scheme – the tower’s corner plaza is to be completely... Read More »