A Below Market Rate Reduction to under $500 per Square Foot

A Below Market Rate Reduction to under $500 per Square Foot

Purchased as new for $330,000 in 2007, or roughly $409 per square foot, as part of San Francisco’s inclusionary (a.k.a. Below Market Rate or Affordable) housing program, the 807-square-foot, one-bedroom condo #4201 at Candlestick Cove returned to the market listed for $450,626 ($558 per square foot) six months ago,... Read More »

Privatization of Public Open Space in SoMa Approved

Privatization of Public Open Space in SoMa Approved

In the works for over two years, the custom-tailored ordinance to allow the owners of the 31-story Intercontinental Hotel at 888 Howard Street to privatize the two outdoor terraces on the 3rd and 5th floors of the hotel, which are currently privately-owned public open spaces (POPOS) and were required... Read More »

Battle over Mid-Market Building and Evictions Heats Back Up

Battle over Mid-Market Building and Evictions Heats Back Up

The ongoing battle between the remaining residential tenants of the seven-story Sterling Building at 1049 Market Street, which was illegally converted to “live-work” spaces over a decade ago, back when Mid-Market was a lot less desirable, and the building’s owners, who have been trying to evict the rent-controlled and... Read More »

The Real Story behind This $40 Million Spec Home

The Real Story behind This $40 Million Spec Home

The $40 million spec home at 2712 Broadway up on Billionaires Row, which the Wall Street Journal profiled yesterday, has actually been on the market for a few months. And in fact, a number of plugged-in readers have been interested. But a flag (or two) has been raised. In... Read More »

Gated Estate Back on the Market with an $8.85 Million Price Tag

Gated Estate Back on the Market with an $8.85 Million Price Tag

On the market for $16.8 million at the end of 2012, the gated two-acre estate at 11 Circle Drive in Ross – which includes a six-bedroom main home, a two-bedroom guest house, a one-bedroom carriage house, a “hideaway house” (studio), a pool house and a treehouse near its rear... Read More »

Bankruptcy Saves High-End Development Site from Foreclosure

Bankruptcy Saves High-End Development Site from Foreclosure

While on the market with an $8.9 million price tag, touting “a great starting point for a high-end housing development,” the Green Street Auto Body garage at 1776 Green Street was also scheduled to hit the courthouse steps and be foreclosed upon this afternoon. A bankruptcy filing has postponed... Read More »

Could Potrero and Dogpatch Lose Their Coveted Caltrain Stop?

Could Potrero and Dogpatch Lose Their Coveted Caltrain Stop?

With the refined options for connecting Caltrain (and High Speed Rail) to San Francisco’s new Transbay Transit Center, redeveloping the 20-acre Caltrain Depot at 4th and King Streets and tearing down the northern terminus of I-280 in San Francisco expected to be ready by the end of this year, the... Read More »

Neighbors Challenge Elbo Room Redevelopment

Neighbors Challenge Elbo Room Redevelopment

With the proposed redevelopment of the Elbo Room – which now calls adding three new stories atop the existing two-story building at 645-647 Valencia Street, converting its ground floor into a 600-square-foot retail space and 4-car garage, and constructing seven apartments above – having been granted a streamlined environmental... Read More »

Rents Tick Up in San Francisco, Drop in Oakland

Recent reports of a sharp drop in apartment rents in both San Francisco and Oakland shouldn’t catch any plugged-in readers by surprise, as it’s a trend we first noticed forming last year. And as we first reported a couple of months ago, asking rents in the two cities had... Read More »

Inventory of Homes for Sale in S.F. Nearing a Six-Year High

Inventory of Homes for Sale in S.F. Nearing a Six-Year High

Having ticked up another 6 percent over the past four weeks, the number of single-family homes and condos currently listed for sale in San Francisco now totals 615, the highest total at the beginning of April since 2012, at which point there were 658, and 10 percent higher versus... Read More »