Refined Plans and Impact Report for A’s Development Released

Refined Plans and Impact Report for A’s Development Released

The Draft Environmental Impact Report (DEIR) for the Oakland A’s proposed stadium, residential and commercial development to rise on the 50-acre-plus Howard Terminal site has just been released by Oakland’s Planning Department along with a refined set of plans for the proposed development and a few important footnotes and... Read More »

High-ish Rise in the Excelsior Slated for Approval

High-ish Rise in the Excelsior Slated for Approval

As we first revealed back in 2019, plans for a seven-story infill building to rise up to 74 feet and six inches in height upon the shuttered Club Tapatio site at 4742 Mission Street were in the works and Planning was encouraging the project team to add another floor... Read More »

Plans To End Artists’ Mid-Market Battle Slated for Approval

Plans To End Artists’ Mid-Market Battle Slated for Approval

The plans to end a nearly eight-year legal and legislative battle between the (now) thirteen remaining residential tenants of the historic Sterling Building at 1049 Market Street, which was illegally converted into a warren of 83 “live-work” spaces over the years, and the building’s owners, who have been trying... Read More »

Pending Home Sales Drop 2.8 Percent Nationally

Pending Home Sales Drop 2.8 Percent Nationally

Having slipped in December, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped 2.8 percent in January to 122.8, representing the fifth consecutive month-over-month decline for the index which peaked at 132.8 in August of... Read More »

Benchmark Mortgage Rate Hits a Six-Month High

Benchmark Mortgage Rate Hits a Six-Month High

Having inched up 8 basis points (0.08 percentage point) to a three-month high last week, the average rate for a benchmark 30-year mortgage has since jumped another 16 basis points to 2.97 percent, which is the highest average rate in six months. That being said, the average 30-year rate... Read More »

Amazon’s Plan for That Prime Showplace Square Site

Amazon’s Plan for That Prime Showplace Square Site

Amazon’s plans for a “last mile” distribution and delivery station to rise upon the Prime Showplace Square parcel at 900 7th Street, a nearly 6-acre parcel which is bounded by 7th, Berry, De Haro, Carolina and Channel Streets, have been drafted and submitted to planning for review. As proposed,... Read More »

Mortgage Loan Activity Drops

Having slipped earlier this month, mortgage loan activity across the U.S. dropped 10 percent over the past week, with purchase loan activity dropping 8 percent and refinancing activity down 11 percent, according to the Mortgage Bankers Association. That being said purchase activity is still 7 percent higher than at... Read More »

San Francisco Qualifies for “Red” Tier Status [UPDATED]

San Francisco Qualifies for “Red” Tier Status [UPDATED]

With the 7-day average number of daily new COVID-19 cases diagnosed in San Francisco having dropped to 82, which is the lowest 7-day average in over 3 months and nearly 40 percent below the first peak back in July, the city’s adjusted case rate, which takes into account testing... Read More »

Penthouse Shell Dropped Over 40 Percent

Penthouse Shell Dropped Over 40 Percent

Priced at $10.495 million in September of 2019, a subsequent $1.55 million “buildout incentive” failed to move the 5,223-square-foot penthouse shell #41B atop the LUMINA tower at 201 Folsom Street and the list price for the “spacious dual level corner home…that offers unique potential and 270 degree views” was... Read More »

Index for Bay Area House Values Holds, Condo Values Slip

Index for Bay Area House Values Holds, Condo Values Slip

Having inched up an upwardly revised 0.9 percent in November, 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 – was unchanged in December, ending the year 8.7 percent higher on a year-over-year... Read More »