Articles Filed Under: Industry Stuff

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Delays for Supersized Development Articulated

Delays for Supersized Development Articulated

Approved last August, the entitlements for the 1,032-unit “Hub” development designed to rise upon the 3-acre Caltrans lot at 500 Kirkham, across from The Crucible and a block from the West Oakland BART station, are slated to expire on August 21, 2021, if the ground isn’t broken. And while... Read More »

Foreclosed Upon Noe Flop Liquidated at a Loss

Foreclosed Upon Noe Flop Liquidated at a Loss

The failed “Dreambuilders” flip of the Noe Valley home at 639 Grand View Avenue, which was foreclosed upon earlier this year and taken back by the financiers who were owed $3,576,411 on the investment, returned to the market with a $3,195,000 price tag in May having been completed and... Read More »

Price for Hacker Church and Rectory Dropped Nearly 50 Percent

Price for Hacker Church and Rectory Dropped Nearly 50 Percent

As we outlined in October of last year: Built in 1912, the 15,000-square-foot Our Lady of Guadalupe Church at 906 Broadway was designated San Francisco Landmark #204 back in 1993. The Archdiocese of San Francisco sold the church along with the adjacent 4,700-square-foot residential building, uphill at 908 Broadway,... Read More »

Reductions Rise as Inventory Levels Jump

With inventory levels in San Francisco having just hit recession-era levels, the number of homes on the market which have undergone at least one official price cut has ticked up another 20 percent in the absolute over the past two weeks to over 400. As such, there are now... Read More »

Recession-Era Inventory Levels Hit San Francisco

Recession-Era Inventory Levels Hit San Francisco

Having hit a 10-year seasonal high last week, the number of homes on the market in San Francisco, net of new sales and contract activity, has ticked up another 3 percent to 1,470, representing 150 percent more homes on the market than at the same last year (580) and... Read More »

Over Asking Versus Actual Appreciation

Over Asking Versus Actual Appreciation

Purchased for $2,195,000 in November of 2017, the “impeccable” three-bedroom Bernal Heights home with “ultra-clean architectural lines and floorplan that flows across 3 levels” at 29 Joy Street returned to the market priced at $2,680,000 in the third quarter of last year. And according to all industry stats,... Read More »

Refined Plans for New Mid-Market Hotel Closer to Reality, But…

Refined Plans for New Mid-Market Hotel Closer to Reality, But…

The refined plans for a 12-story hotel and office building to finally rise upon the long-vacant lot at 1125 Market Street, upon which the former Bell/American/Embassy Theater once stood adjacent to the newly renovated Strand, are one big step closer to reality, with the project having effectively been cleared... Read More »

Moratorium on Pandemic Related Evictions Extended

Moratorium on Pandemic Related Evictions Extended

As we outlined last month: The temporary moratorium on the eviction of tenants in San Francisco for the non-payment of rent from April through July, if formally documented as being due to the COVID-19 pandemic, has effectively been made permanent by San Francisco’s Board of Supervisors. While the ordinance... Read More »

Number of Homes for Sale in S.F. Just Hit a 10-Year High

Number of Homes for Sale in S.F. Just Hit a 10-Year High

The number of homes on the market in San Francisco, net of new sales and contract activity, ticked up another 4 percent over the past week to 1,420, representing 120 percent more inventory than there was at the same last year and a 10-year seasonal high. At a more... Read More »

Plan to Save the Sinking Millennium Tower Approved

Plan to Save the Sinking Millennium Tower Approved

The refined plan to permanently stabilize and potentially right the sinking Millennium Tower, by adding a series of 52 new cast-in-place reinforced concrete piles around the tower’s perimeter, has been approved and permits should soon be issued. As we outlined last year, the project will take an estimated 22... Read More »