$10 Million Could Buy A City Block In San Francisco

$10 Million Could Buy A City Block In San Francisco

After nearly two years on the market without any movement, and despite a neighborhood campaign to secure the land for community use, the asking price for the 2.2 acre Portola District block bounded by Woolsey, Hamilton, Wayland and Bowdoin streets has just been reduced from $12 million to $10... Read More »

Upper Market Penthouse Sale Hints At Slowdown

Upper Market Penthouse Sale Hints At Slowdown

Purchased for $949,000 in April of 2014, the one-bedroom penthouse unit #504 atop The Century at 2200 Market Street has re-sold with a reported contract price of $1,025,018 having been re-listed for $999,000 this past May. On an apples-to-apples basis, that’s equal to average annual appreciation of 6.5 percent... Read More »

Entire Home Headed East For Urban School Expansion

Entire Home Headed East For Urban School Expansion

Built in 1904 and standing in the way of the Urban School’s Academic and Athletics Center expansion project, the entire 2,850-square-foot home at 1637 Oak Street has been lifted onto a temporary track and is slowly headed east. The home should come to rest upon its new foundation by... Read More »

‘Over Asking’ But $100K Less Than 5 Months Ago

‘Over Asking’ But $100K Less Than 5 Months Ago

The Park Hill penthouse unit #701W which was purchased for $1.1 million five months ago returned to the market listed for $995,000 in May. This past Friday, the sale of the renovated one-bedroom quietly closed escrow with a reported contract price of $1 million, officially ‘over asking’ according to... Read More »

Proposed Waterfront High-Rise Fully Rendered, Ready For Review

Proposed Waterfront High-Rise Fully Rendered, Ready For Review

Sporting its new ‘stacked gardens’ design by SOM, the proposed 220-foot waterfront building to rise at 75 Howard Street, with 133 market-rate condos over a restaurant, café and underground ‘parking vault’ for 100 cars could be approved by San Francisco’s Planning Commission this Thursday, July 23. Reduced in height... Read More »

San Francisco Employment Slips, East Bay Gains

San Francisco Employment Slips, East Bay Gains

The number of people living in San Francisco with a job slipped from an upwardly revised record 526,500 in May to 526,100 in June but remains 19,300 higher on a year-over year basis. At the same time, East Bay employment increased by 2,200 to a record 1,303,000, up 28,000... Read More »

Twice The Price After Two Years In Pac Heights (Again)

Twice The Price After Two Years In Pac Heights (Again)

Foreclosed upon in 2009 with nearly $3 million owed at the time, the Pacific Heights home at 2523 Steiner returned to the market listed for $1,450,000 in March of 2011, was repainted three times in quick succession, and then sold for $1,260,000 that May. A little over two years... Read More »

Waylaid Hotel Redesigned, Ready To Break Ground

Waylaid Hotel Redesigned, Ready To Break Ground

Highgate Hotels has purchased the parking lot at 72 Ellis Street and intends to break ground for an upscale 11-story hotel with 156 guest rooms “as soon as possible.” The site was first approved for development in 2001 but the project was waylaid by the dotcom collapse and decline... Read More »

Grand Jury: SF’s $25B Construction Program Needs Tech Overhaul

A Civil Grand Jury report with respect to the management of the City of San Francisco’s $25 billion City construction program has concluded that “it needs work” and a tech overhaul. The three questions which the Grand Jury aimed to answer, “problems that have been called out in... Read More »

Contemporary Living In Tiburon For $11.95M

Contemporary Living In Tiburon For $11.95M

The contemporary 5,400-square-foot home at 1925 Straits View Drive in Tiburon was designed by Sutton Suzuki Architects in 2009 “to maintain established view corridors for uphill neighbors,” while capturing the views for itself as well. Finished in stone and wood with walls of glass, a Koi pond separates... Read More »

30-Year Mortgage Rate Ticks Up To Highest Level In 2015

30-Year Mortgage Rate Ticks Up To Highest Level In 2015

Having crossed the 4 percent mark for the first time since the fourth quarter of 2014 last month, the average rate for a 30-year fixed mortgage has ticked up to 4.09 percent, the highest rate this year and within 4 basis points of the 4.13 percent average rate recorded... Read More »

Self-Storage Facility Plans To Add Penthouse Units For People

Self-Storage Facility Plans To Add Penthouse Units For People

The owners of City Storage, the four-story, self-storage facility at 500 Indiana Street, at the edge of Mission Bay, Dogpatch and Potrero Hill, are working on plans to add a fifth floor with seventeen “penthouse” apartments for people. The proposed addition includes one three-bedroom, seven two-bedrooms, four one-bedrooms, and... Read More »

Supervisors Reject More Restrictive Airbnb Regulations

Supervisors Reject More Restrictive Airbnb Regulations

San Francisco’s Board of Supervisors has rejected Supervisor Campos’ proposed amendment to San Francisco’s law regulating short-term rentals in the city and instead adopted a watered-down version of a less restrictive amendment sponsored by Supervisor Farrell and the Mayor. Both votes were 6 to 5, with Supervisors Farrell, Breed,... Read More »

Former Socialist Party Hall Fetches $6.5M In The Mission

Former Socialist Party Hall Fetches $6.5M In The Mission

The former meeting hall at 143 Albion Street, which was once home to San Francisco’s Socialist Party, as well as to Tom Waddel, the late founder of the Gay Games, has traded hands for a reported $6.5 million. Built in 1907 and originally known as Tivoli Hall (or ‘Equality... Read More »

Remodel Of Recently Restored $23.5M Mansion Underway

Remodel Of Recently Restored $23.5M Mansion Underway

Built for the Spreckels family in 1905 and remodeled by renowned architect Albert Farr in 1929, the 12,000-square-foot Pacific Heights mansion at 2520 Pacific Avenue was purchased from the son of former San Francisco Mayor Joseph Alioto (Joseph Alioto, Jr.) for $6.3 million in 1997. The buyers spent the... Read More »