Mortgage Rates Slip, Odds of a Rate Hike Hits 100 Percent

Mortgage Rates Slip, Odds of a Rate Hike Hits 100 Percent

The average rate for a benchmark 30-year mortgage slipped 4 basis points over the past two weeks to 3.90 percent, which is 33 basis points above the 3.57 percent rate in place at the same time last year and 49 basis points above last year’s low of 3.41 percent,... Read More »

Building Up Berkeley: Five Steel-Skinned Stories as Proposed

Building Up Berkeley: Five Steel-Skinned Stories as Proposed

Plans to level the former Northwest Berkeley service station turned abandoned tax office at 1740 San Pablo Avenue are in the works. And as proposed, a five-story building with 48 apartments over 4 street level live/work units and a stacked garage for 53 cars will rise up to 59... Read More »

Contentious Development on the Market Touting Opposed Luxury

Contentious Development on the Market Touting Opposed Luxury

While opposed by the Mission Economic Development Agency (MEDA), which raised concerns that the “luxurious project comprised of large, high-end units would be occupied by wealthy residents that will negatively impact the character of this working-class neighborhood and directly and indirectly contribute to displacement impacts that threaten the community’s... Read More »

Approved Plans for Modern Mansion Rankles its Neighbors

Approved Plans for Modern Mansion Rankles its Neighbors

Purchased as a meticulously maintained Sea Cliff home for $3.15 million in March of 2012, plans to raze the 3,835-square-foot house at 255 Sea Cliff Avenue soon emerged as did plans for a modern 6,100-square-foot home designed by Butler Armsden Architects to rise up to four stories in height... Read More »

Impact of Another Mega-Development about to Be Assessed

Impact of Another Mega-Development about to Be Assessed

With the adjacent Pier 70 project having been approved, the preparation of the required Environmental Impact Report (EIR) for the even larger Potrero Power Plant site project, the preliminary plans for which we first revealed a couple months ago, is about to get underway. As envisioned by the development... Read More »

Mid-Market Hotel Closer to Reality and Planning Has a Concern

Mid-Market Hotel Closer to Reality and Planning Has a Concern

Having received an exemption from having to complete a resource intensive environmental impact report, and with some confusion as to the historic merits of the existing, versus previous, Kaplan’s Surplus store building on the Mid-Market site having been resolved, the plans for a 10-story hotel to rise at 1055... Read More »

Big Development Prevails but Battle Isn’t Over

Big Development Prevails but Battle Isn’t Over

Approved by San Francisco’s Planning Commission last year, the 395-unit development designed to rise up to six stories in height at 16th and Mississippi, and up to four stories along 17th Street, in Lower Potrero Hill, with a total of 25,000 square feet of retail space and parking for... Read More »

Boutique SoMa ‘Penthouse’ Fails to Fetch 2015 Price

Boutique SoMa ‘Penthouse’ Fails to Fetch 2015 Price

Purchased for $975,000 in March of 2015 when listed for $895,000, touting an “excellent SoMa location in close proximity to uber techie Mid-Market, and across street from soon to come 350-8th Street with new restaurants, cafes and retail options,” the “penthouse” unit #3 at 56 Ringold Street... Read More »

Bay Area Home Sales Take a Hit, Down over 30 Percent in SF

Bay Area Home Sales Take a Hit, Down over 30 Percent in SF

The number of single-family homes and condos that traded hands across the greater Bay Area in September dropped an above average 13.6 percent from August (8,490) to September (7,338) and were 7.5 percent lower versus the same time last year and a three-year low for September. And in San... Read More »

Luxury One-Bedroom Fetches 0.8 Percent over Late 2015 Price

Luxury One-Bedroom Fetches 0.8 Percent over Late 2015 Price

Purchased for $1.25 million in December of 2015, the 941-square-foot Lumina unit #7E returned to the market priced at $1.359 million this past September, a sale at which would have represented total appreciation of 8.7 percent since the end of 2015 or roughly 4.9 percent per year on a... Read More »