New Timing for Navigation Centers and Their Redevelopment

New Timing for Navigation Centers and Their Redevelopment

Originally slated to be shuttered in the second quarter of the year, which “would leave the community with a vacant, inactive, and unsecured lot that would become a blight to the community” prior to the redevelopment of the site breaking ground, the proposed closing date for the Mission District... Read More »

An Audit of SF’s Accessory Dwelling Unit Program to Date

An Audit of SF’s Accessory Dwelling Unit Program to Date

Discretely enacted in 2014, rolled out across the entire city in 2016, and expanded to increase flexibility for the inclusion of single-family homes in 2017, San Francisco’s Accessory Dwelling Unit (ADU) program has so far resulted in 691 applications for building permits to legally add 1,244 ADUs to existing... Read More »

Dolores Park Hive Now Listed at a Larger Loss and Plying Crypto

Dolores Park Hive Now Listed at a Larger Loss and Plying Crypto

As we reported this past October: Purchased by the founder of Hive Communities for $6.495 million in April of last year, the 5,493-square-foot “Light House” condo at 651 Dolores Street, one of four condos within the converted Second Church of Christ Scientist, returned to the market this past August... Read More »

Planning to Encourage Development of Glen Park Parking Lot

Planning to Encourage Development of Glen Park Parking Lot

The former homes that stood on the underdeveloped Glen Park lot fronting Brompton Avenue and Kern Street were removed in the late 1960s, when the city widened Bosworth Street and reserved the now vacant 21 Brompton Avenue parcel for the potential development of a City-owned parking lot. But when... Read More »

Floating Fire Station (Even) Closer to Reality on San Francisco’s Bay

Floating Fire Station (Even) Closer to Reality on San Francisco’s Bay

Having ditched the previously proposed smooth aluminum exterior panels and terracotta screens, “that lacked precedent within the historic district,” and adopted a corrugated metal finish with aluminum airfoil louvers at either end, the refined plans for a floating expansion of San Francisco’s historic Fire Station 35 at Pier 22... Read More »

Rendering for Skinny Transbay District Tower Revealed

Rendering for Skinny Transbay District Tower Revealed

As we reported last week, plans for a skinny 44-story tower to rise on the Transbay District parcel at 540 Howard Street, upon which the three-story Temple nightclub building currently sits, have been drafted. And as newly rendered by Ankrom Mosian Architects above, and in more detail below, the... Read More »

Mortgage Rates Slip along with the Odds of a Rate Hike in June

Mortgage Rates Slip along with the Odds of a Rate Hike in June

Having ticked up to a 7-year high, the average rate for a benchmark 30-year mortgage slipped 10 basis points over the past week to 4.56 percent but remains 62 basis points above its average rate of 3.94 percent at the same time last year, according to Freddie Mac’s latest... Read More »

Pending Home Sales Drop in the U.S. despite More Inventory

Pending Home Sales Drop in the U.S. despite More Inventory

Having inched up 0.4 percent in March, the National Association of Realtors Pending Home Sales Index, for which 100 denotes “an average level” of activity, declined 1.3 percent in April to 106.4 in March and is now running 2.1 lower versus the same time last year and 5.3 percent... Read More »

Shoehorned Home Sans Parking Fetches $3.5 Million

Shoehorned Home Sans Parking Fetches $3.5 Million

Purchased for $3.1 million in April of 2015, the 3,687-square-foot, four-bedroom Clarendon Heights home which was shoehorned between two existing homes, and originally built without any legal way to reach it, returned to the market listed for $3.695 million, or roughly $1,002 per square foot, this past February. Reduced... Read More »

Tech Mogul’s Silicon Valley Estate Now Listed for $33 Million Less

Tech Mogul’s Silicon Valley Estate Now Listed for $33 Million Less

The 21,400-square-foot home at 27500 La Vida Real in Los Altos Hills, which was built for Kumar Malavalli, the co-founder of Brocade Communications Systems and current VC, hit the market with a bit of fanfare and an $88 million price tag back in 2015. Features of the five-bedroom home... Read More »