Timing for San Francisco’s Transbay Transit Center Slips

Timing for San Francisco’s Transbay Transit Center Slips

Having already fallen a couple months behind schedule as of earlier this year, the forecasted timing to reach the “substantial completion” of construction for San Francisco’s $2.3 billion Transbay Transit Center building and rooftop park (a.k.a. the Salesforce Transit Center and Park) has slipped anew and is now threatening... Read More »

Index for Bay Area Home Values Hits an All Time High

Index for Bay Area Home Values Hits an All Time High

Having gained an upwardly revised 1.0 percent in May, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – inched up 0.7 percent in June while the index for Bay Area condos inched... Read More »

Restoration Hardware Residence Finally Fetches $7.55 Million

Restoration Hardware Residence Finally Fetches $7.55 Million

The sale of the first (and perhaps last) “Restoration Hardware Residence” at 347 South Crane Avenue in St. Helena has closed escrow with a $7.55 million contract price. Purchased by the CEO of Restoration Hardware, Gary Friedman, for $5.9 million in 2013, the wine country estate, which includes a... Read More »

Chicken John’s Plan to Save Chez Poulez

Chicken John’s Plan to Save Chez Poulez

Having survived a mortgage scare back in 2009, Chicken John Rinaldi was able to maintain possession of his Mission District “Chez Poulet” at 3359 Cesar Chavez Street. And while Chez Poulet has long operated as a gathering and performance space for the local arts community, Chicken John has recently... Read More »

Major Hotel Expansion Redesigned and Closer to Reality

Major Hotel Expansion Redesigned and Closer to Reality

While the mass of the proposed four-story addition to rise upon the parking lot of the Fisherman’s Wharf Holiday Inn at 1300 Columbus Avenue hasn’t really changed, its façade has been completely redesigned following Planning’s preliminary feedback to the project team. And the formal application to move forward with... Read More »

Russian Hill Two-Bedroom Returns Listed below Its 2015 Price

Russian Hill Two-Bedroom Returns Listed below Its 2015 Price

The Bellaire Tower is a classic Russian Hill building at 1101 Green Street atop of which former Mayor Gavin Newsom once lived. Seventeen floors below the two-bedroom penthouse, the 1,003-square-foot unit #303 was originally built as a one-bedroom but later converted into a two (notice the enclosed archway between... Read More »

Uber Selling Uptown Oakland Office before It Opens next Year

Uber Selling Uptown Oakland Office before It Opens next Year

Having previously announced plans to sublet over half of the former Sears Building in Uptown Oakland which Uber purchased for $123.5 million in 2015, the company is now looking to sell the entire building prior to its expected opening in the second quarter of next year. And according to... Read More »

Embattled Dolores Park Hive Back on the Market for $6.8 Million

Embattled Dolores Park Hive Back on the Market for $6.8 Million

Purchased by the Hive Communities LLC for $6.495 million in April of last year, an ongoing battle with a number of neighbors and San Francisco’s Planning Department over the apparent commercial use of the 5,493-square-foot condo at 651 Dolores Street, one of four condos within the converted Second Church... Read More »

Benchmark Mortgage Rate Drops to New 2017 Low

Benchmark Mortgage Rate Drops to New 2017 Low

Having slipped back below 4 percent last month, the average rate for a benchmark 30-year mortgage slipped another 3 basis points over the past week to 3.86 percent which is the lowest average rate this year. At the same time, the current average 30-year rate remains 43 basis points... Read More »

Pace of Existing U.S. Home Sales and Median Price Slip

Having slipped 1.8 percent in June, the pace of existing-home sales in the U.S. slipped another 1.3 percent in July to a seasonally adjusted annual rate of 5.44 million transactions.  And while the current rate is still 2.1 percent higher on a year-over-year basis, it’s the slowest pace this... Read More »