Say Goodbye To Sinbad’s And The Lagoon

Say Goodbye To Sinbad’s And The Lagoon

The operators of Sinbad’s Restaurant have lost their lawsuit intended to extend their four decade stay on Pier 2, a move which they’ve known about for years and a site which they were supposed to vacate in March. An appeal could extend Sinbad’s stay for a couple more months, but... Read More »

A Million More In Bernal Over The Past Four Years

A Million More In Bernal Over The Past Four Years

Purchased for $1,605,000 in October 2012, having first sold for $1,375,000 in January of 2011, the contemporary Bernal Heights home at 1755 Alabama Street returned to the market last month listed for $1,995,000. While the interior has been repainted and the exterior has weathered, it’s otherwise apples-to-apples-to-apples. And the... Read More »

Refined Designs And Timing For Development Fronting Fourth

Refined Designs And Timing For Development Fronting Fourth

The designs for the mixed-use development to rise at 1300 Fourth Street (a.k.a. Mission Bay Block 6 East), with 142 affordable apartments and a managers unit over up to seven ground-floor commercial spaces fronting the Fourth Street corridor, have been refined and newly rendered. As designed by Mithun Solomon... Read More »

Average 30-Year Mortgage Rate Drops Back Below 4 Percent

Average 30-Year Mortgage Rate Drops Back Below 4 Percent

Having ticked up to 4.09 percent two weeks ago, the highest rate so far this year, the average rate for a 30-year mortgage has dropped to 3.98 percent, versus 4.12 percent at the same time last year, according to Freddie Mac’s latest Primary Mortgage Market Survey. The 30-year rate,... Read More »

Legislation Could Prohibit Evictions, Freeze Rents For Vacant Units

In addition to prohibiting rent increases or evictions based on adding new roommates to an existing tenancy, even when an existing lease specifically disallows new occupants or specifies an associated increase in rent, a proposed change to San Francisco’s Administrative Code would also prohibit landlords from raising the rent... Read More »

Bank Aims To Double Its Money On Tenderloin Foreclosure

Bank Aims To Double Its Money On Tenderloin Foreclosure

Purchased for $308,000 in 2005, the 520-square-foot studio #1006 at The Hamilton (631 O’Farrell) in the Tenderloin was remodeled with marble counters and new cabinetry in the kitchen. And in August of 2012, the studio was taken back by the bank in a foreclosure auction with no bidders at... Read More »

Purchase Of Land To Build $889K Affordable Apartments Approved

Purchase Of Land To Build $889K Affordable Apartments Approved

San Francisco’s Board of Supervisors has unanimously approved the City’s $18.5 million purchase of the corner parcel at 490 South Van Ness Avenue and 16th Street in the Mission, a site which is approved for the development of a 72-unit building. The City intends to build permanently affordable apartments... Read More »

Pending U.S. Home Sales Index Slips From Nine-Year High

Having hit a nine-year high in May, the National Association of Realtors Pending Home Sales Index slipped 1.6 percent in June.  The index, for which 100 denotes an average level of activity, currently measures 110.3 and remains 8.2 percent higher on a year-over-year basis (versus 10.7 percent higher last month).... Read More »

Church Sues To Block Sale Of Low-Income Housing To A Developer

Church Sues To Block Sale Of Low-Income Housing To A Developer

A request for a court order to prevent the sale, and possible redevelopment, of Fredrick Douglas Haynes Gardens, a 104-unit complex for low-income residents which spans half a block bordering Hayes Valley, has been filed in San Francisco Superior Court. Built in 1973, the development at 1049 Golden Gate... Read More »

Evictions Are Up In San Francisco, As Are Reported Buyout Amounts

Over the past four months, tenants of 47 rent-controlled apartments in San Francisco have negotiated buyouts to vacate their units, with an average payout of $43,000.  The highest buyout was for $310,000. And in fact, the average buyout reported to the San Francisco Rent Board, as newly required by... Read More »

New Violations Uncovered In Case Against City Commissioner

New Violations Uncovered In Case Against City Commissioner

The City’s civil suit against San Francisco’s former Building Inspection Commission President, and current Port Commissioner, Mel Murphy, has been expanded to include Murphy’s newly disclosed property at 1025 Hampshire Street in the Mission. From the City Attorney’s office: “In willful defiance of Planning Code restrictions that limit residential... Read More »

Knorr, Girard, And  Mid-Century, Oh My!

Knorr, Girard, And Mid-Century, Oh My!

The mid-century home at 568 Mountain Home Road in Woodside was designed by Don Knorr in 1969 and the front doors by Alexander Girard, both of whom were friends of the owner who passed away in 2012. In addition to the main residence, the 3-acre property includes a guest... Read More »

Bay Area Home And Condo Values Hit Two Record Highs

Bay Area Home And Condo Values Hit Two Record Highs

Single-family home values within the San Francisco Metropolitan Area gained 1.3 percent in May, while condominium values gained 1.1 percent, according to the latest S&P Case-Shiller Home Price Index. The San Francisco index for single-family homes is running 9.7 percent higher on a year-over-year basis. And having gained 58... Read More »

UCSF’s Support For Warriors Arena Contingent On Traffic Plan

UCSF’s Support For Warriors Arena Contingent On Traffic Plan

UCSF’s support for the Golden State Warriors’ proposed Arena and Events Center to rise in Mission Bay will be contingent on securing a binding and funded agreement “to address traffic concerns that are projected to result when large, dual or overlapping events occur at the proposed Warriors complex and... Read More »

$60M Price Cut For Hillsborough Estate, Seller Agrees To Move

$60M Price Cut For Hillsborough Estate, Seller Agrees To Move

On the market for $100 million in 2013, the asking price for the 47.5-acre de Guigne estate at 891 Crystal Springs Road in Hillsborough, which includes a 16,000-square-foot mansion, has been dropped to $39.9 million. And the condition that the buyer grant the seller, Christian de Guigne IV, a... Read More »