Refreshed Noe Valley Condo Suddenly Returns

Refreshed Noe Valley Condo Suddenly Returns

As we outlined at the end of last year: Purchased for $1.95 million in June of 2015, the 1,753-square-foot unit #7 in the former St Paul’s Primary School building at 300 Valley Street returned to the market priced at $2.195 million this past September, at sale at which would... Read More »

Charges Against Former Building Commission President Grow

Charges Against Former Building Commission President Grow

As we first reported back in 2018: San Francisco’s City Attorney, Dennis Herrera, has just filed suit against construction engineering firm Santos & Urrutia Associates, its principals and several clients and contractors over “an elaborate scheme” to excavate and expand under multiple San Francisco homes without securing proper permits... Read More »

Benchmark Mortgage Rate Inches Up, Short-Term Rates Drop

Benchmark Mortgage Rate Inches Up, Short-Term Rates Drop

Having dropped to an all-time low of 3.29 percent last week, the average rate for a benchmark 30-year mortgage has since inched up 7 basis points to 3.36 percent but remains 95 basis points below its mark at the same time last year and well below an average of... Read More »

Mid-Market Infill Tower Closer to Being Entitled, But…

Mid-Market Infill Tower Closer to Being Entitled, But…

The Draft Environmental Impact Report (EIR) for the proposed 27-story infill tower to rise on Nordstrom’s underdeveloped parking lot parcel at 469 Stevenson Street has just been released by Planning and hasn’t raised any extraordinary red flags (other than with respect to a further shadowing of Mint Plaza). While... Read More »

Reports of Illegal Airbnb-ing Back on the Rise in San Francisco

Reports of Illegal Airbnb-ing Back on the Rise in San Francisco

While the number of formal complaints related to illegal short-term rental activity in San Francisco had been on the decline since the second quarter of 2016, following the passage (and eventual enforcement) of San Francisco’s short-term rental law, said decline came to end in the second quarter of last... Read More »

Now Listed for a Million Less in the Mission

Now Listed for a Million Less in the Mission

Purchased as a 2,000-square-foot property, “in need upgrading,” for $1.31 million in May of 2018, the single-family home at 1160 Florida Street has since been redesigned by Martinkovic Milford Architects, completely renovated (“no stone has been left unturned”) and expanded to 2,800 square feet of habitable space, featuring a... Read More »

$13.5 Million Pac Heights Home Has Been Seized

$13.5 Million Pac Heights Home Has Been Seized

It was back in April of 2018 that we tied the eye-popping sale of 2755 Fillmore Street for $13.5 million to Michael Lacey, the co-founder of Backpage.com, and two counts of money laundering with respect to the purchase of said home. As we noted at the time, the federal... Read More »

Number of Homes for Sale in SF Nearing a 9-Year High

Having hit a relative 7-year high last month, the number of homes on the market in San Francisco (730) has since climbed another 15 percent and listed inventory levels are now running 17 percent higher than at the same time last. At a more granular level, the number of... Read More »

Decidedly Modern Infill Dwellings Closer to Reality

Decidedly Modern Infill Dwellings Closer to Reality

First envisioned back in 2016, when the parcel was purchased for $375,000, the refined plans for a decidedly modern infill development of four single-family dwellings to be built on the undeveloped, mid-block “flag lot” at 1846 Grove Street, which is effectively bounded by the back yards of the homes... Read More »

Bonus Plans for Historic City Lights Site on the Boards

Bonus Plans for Historic City Lights Site on the Boards

With the 8-story, 200-unit micro unit development having topped out and finishing up construction next door, plans to redevelop the City Lights parcel at 1585 Folsom Street, on the corner of Folsom and 12th in Western SoMa, are in the works.  And as preliminarily massed by Ankrom Mosian Architects... Read More »