Year-Old Lumina Condos Now Listed at a Loss

Year-Old Lumina Condos Now Listed at a Loss

Purchased for $1,375,000 or roughly $1,610 per square foot in March of last year, the one-bedroom Lumina condo #D20H at 338 Main Street returned to the market listed for $1,499,000 two months ago, a sale at which would have represented apples-to-apples appreciation of 9.0 percent over the past year.... Read More »

Proposed Little Saigon Development Completely Redesigned

Proposed Little Saigon Development Completely Redesigned

With the Planning Commission hearing for a proposed eight-story development to replace the single-story Susan’s Massage, Four Seasons restaurant and Excellent Dry Cleaners building at the corner of Larkin and Olive slated to be held in three weeks time, the project has been completely redesigned. Gone are the precast... Read More »

Potential Reefer Madness in Pac Heights

Potential Reefer Madness in Pac Heights

With the wine shop Vino having closed its doors at the end of last year, following a 20 year run at 2425 California Street which sits within the Upper Fillmore Neighborhood Commercial District, on the border of Lower and full-blown Pacific Heights, a request for a formal determination as to... Read More »

A Record-Smashing Deal on San Francisco’s Waterfront

A Record-Smashing Deal on San Francisco’s Waterfront

The Hong Kong-based SRE Group has purchased an 80 percent stake in the eight-story parking garage at 75 Howard Street, a waterfront site which is fully approved and permitted for a 20-story, 120-unit condominium tower to rise. And according to the Business Times, the price for the majority stake... Read More »

Punk Rocker’s Noe Valley Pad Sells for $2.8 Million

Punk Rocker’s Noe Valley Pad Sells for $2.8 Million

Listed for $3.6 million, or roughly $1,180 per square foot, in January, the sale of Eric Melvin’s Noe Valley home at 665 29th Street has closed escrow with a $2.8 million contract price or roughly $918 per foot. Purchased by Melvin, who is the lead guitarist for NOFX, as... Read More »

San Francisco Files Suit Against Affordable Housing Scofflaws

San Francisco Files Suit Against Affordable Housing Scofflaws

Catherine Bailey bought a below market rate (BMR) condominium at 888 7th Street for $270,500 back in 2008. And at the time of her purchase, Bailey signed an affidavit acknowledging that she could not rent the unit “in part or whole without written approval from the Mayor’s Office of... Read More »

Take Two for a Tenderloin Development That’s Headed Market Rate

Take Two for a Tenderloin Development That’s Headed Market Rate

Originally approved for the development of five stories of affordable housing back in 2004, the entitlement to build upon the undeveloped Tenderloin parcel at 519 Ellis Street, adjacent to the Senator Hotel, expired at the end of 2007. An attempt to revive the entitlement in 2008, and then again... Read More »

The Impact of a Transformative Market Street Project and New Park

The Impact of a Transformative Market Street Project and New Park

The Draft Environmental Impact Report (DEIR) for the proposed 584-unit development to rise up to ten stories in height across the Market Street parcels upon which the Civic Center Hotel (1601 Market), Local 38 Plumbers and Pipefitters Union Hall (1621 Market), and two-story Lesser Brothers Building (1629‐1637 Market) currently... Read More »

Kevin Durant’s $3 Million OKC Home Sells for $1.9 Million Less

Kevin Durant’s $3 Million OKC Home Sells for $1.9 Million Less

Having invested an estimated $3 million in buying, combining and renovating a pair adjacent Downtown Oklahoma City townhomes into a 7,000-square-foot pad, with six bedrooms, eight bathrooms, elevator and a media room with bar, the now Golden State Warrior, Kevin Durant, has just sold for his NE 2nd Street... Read More »

Playing the Illegal Housing Card for a Holdout in Central SoMa

Playing the Illegal Housing Card for a Holdout in Central SoMa

Responding to a complaint about the illegal addition of a residential unit above the Central City Glass shop at 759 Harrison Street back in 2003, a city inspector met with the owner of the four-story building who stated that the unit had “been in place for 20-25 years” despite... Read More »