Development to Replace Rincon Hill Gas Station Redesigned

Development to Replace Rincon Hill Gas Station Redesigned

Facing pushback from the development team behind Jasper, which recently rose on the 45 Lansing Street parcel next door, as well as the 50 Lansing Street Homeowners Association (which raised a myriad of concerns, including its “design compatibility with the neighborhood”), the proposed 14-story development to rise on the northwest... Read More »

Polk Street Holdout Home Poised for Redevelopment

Polk Street Holdout Home Poised for Redevelopment

Built in 1914, the little single-family home at 2815 Polk Street has been boarded up for years, having been owned by an out of towner and long a target for vagrants and vandals. A local finally managed to buy the building for $820,000 at the end of 2013. And... Read More »

East Bay Ghiradelli Mansion Now Listed for a Million Less

East Bay Ghiradelli Mansion Now Listed for a Million Less

Purchased for $4 million in late 2012, the 6,500-square-foot Piedmont mansion at 636 Highland Avenue, which was built for the Ghirardelli family in the early 1900’s, at which time the East Bay estate included a lot more than a third of an acre of land, returned to the market... Read More »

All-Cash Buyers of Luxury Homes in San Francisco to Be Identified

Concerned that secretive purchases of luxury real estate are being used to hide ill-gotten gains, the federal government launched a test program earlier this year to discover the true identities of all-cash buyers for high-end properties hidden behind an L.L.C. or other shell entity in Manhattan and Miami-Date County,... Read More »

Revised Designs for Transforming Potrero’s East Slope

Revised Designs for Transforming Potrero’s East Slope

As a condition of its approval last December, the design of the proposed 251-unit market rate development to transform Potrero Hill’s East Slope known as 1395 22nd Street was to be revised, “to better address the topography of the surrounding neighborhood,” both at present and as relatively soon to... Read More »

The Money Behind That Eye-Popping $13M Sale in Pacific Heights

The Money Behind That Eye-Popping $13M Sale in Pacific Heights

It’s true. The eye-popping sale of 2755 Fillmore Street for $13.25 million last week involved a Chinese couple. But Mr. and Mrs. Li were the sellers exiting the market, not the buyer moving in. And the buyer, who isn’t Chinese nor a foreign national, appears to be moving from... Read More »

Hayes Valley Development Grinds to a Halt, Here’s Why

Hayes Valley Development Grinds to a Halt, Here’s Why

Speaking of new developments in Hayes Valley, if it feels like construction on the 139 condos and grocery store space at 555 Fulton Street has ground to a halt, you’re not mistaken. But until the waylaid exterior glass panels for the building, a custom designed skin which features horizontally... Read More »

Pending U.S. Home Sales Eke out a Nominal Gain, Drop in the West

Having suddenly dropped 3.7 percent in May, the National Association of Realtors Pending Home Sales Index, for which 100 denotes an average level of activity, eked out a nominal 0.2 percent gain to 111.0 in June. As such, the index is 1.0 percent higher on a year-over-year basis but... Read More »

New Construction Price Cuts in Hayes Valley

New Construction Price Cuts in Hayes Valley

With the sales office having been open since March and contracts for roughly 60 percent of the 61 condominiums that are finishing up construction at 388 Fulton Street having been signed, prices for the unsold units have just been reduced by up to 6 percent. While the marketing copy... Read More »

Indexes for Bay Area Home Values Stall, Year-Over-Year Gains Slide

Indexes for Bay Area Home Values Stall, Year-Over-Year Gains Slide

Having hit an all-time high in April and surpassing the previous cycle peak recorded in May of 2006 by 4.1 percent, the Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area effectively stalled in May, eking out a 0.1 percent gain. At the same time, the... Read More »