Giants Positioning to Break Ground on Massive Mission Rock Project

Giants Positioning to Break Ground on Massive Mission Rock Project

Mission Rock Partners, which is a Joint Venture between the San Francisco Giants and Tishman Speyer, is positioning to break ground on the first phase of their massive (yes, massive) redevelopment of the Port’s 28‐acre Seawall Lot 337 (a.k.a Oracle Park’s Parking Lot A) by the end of this... Read More »

Bay Area Employment Is Actually on the Decline

Bay Area Employment Is Actually on the Decline

Having dropped to a record low of 1.9 percent in May, the unemployment rate in San Francisco inched up to 2.3 percent in June as the number of people living in the city with a paycheck fell by 3,400 to 565,800, which is down by 9,600 since February’s record... Read More »

Refined Designs for Building up in Berkeley

Refined Designs for Building up in Berkeley

As proposed, the Downtown Berkeley retail complex fronting the west side of Shattuck Avenue, between Durant Avenue and Channing Way, will be demolished and an eight-story development dubbed “Logan Park” will rise up to 87 feet in height across the 2352 Shattuck Avenue Site as newly rendered below by... Read More »

Mortgage Rates Inch up Along With the Odds of an Earlier Easing

Mortgage Rates Inch up Along With the Odds of an Earlier Easing

Having dropped to 3.73 percent at the end of last month and bouncing around a 32-month low, the average rate for a 30-year mortgage inched up 6 basis points over the past week to 3.81 percent but remains 113 basis points (1.13 percentage points) below its mark in the... Read More »

U.S. Housing Starts Slip, Permit Activity Drops to a Two-Year Low

The annual pace of new housing starts in the U.S. slipped 0.9 percent from May (1.265 million units) to June (1.253 million units) but remains 6.2 percent higher versus the same time last year (1.180 million units) with the pace of construction for structures with five or more units... Read More »

Looking for an Incentive to Purchase a Penthouse Shell?

Looking for an Incentive to Purchase a Penthouse Shell?

Technically it’s not a price cut, the prevalence of which has been on the rise in San Francisco, as the list price for the 5,700-square-foot penthouse shell #41A atop the LUMINA tower at 201 Folsom Street remains at $11.495 million. But the listing notes for the two-level unit have... Read More »

Bonus Plans for Building up Valencia Street Closer to Reality

Bonus Plans for Building up Valencia Street Closer to Reality

As we first revealed back in 2017: Plans to level the 4.5-star San Francisco Auto Works shop at 1021 Valencia Street are in the works. And as envisioned, up to 24 residential units over a ground floor restaurant or retail space and a basement garage for ten (10) cars... Read More »

Refined Plans for Redevelopment of San Francisco Tennis Club Site

Refined Plans for Redevelopment of San Francisco Tennis Club Site

As we outlined last month: Plans to level the 41-foot-tall San Francisco Tennis Club at 645 5th Street and build up to 243 feet in height upon its 2.6-acre Central SoMa site could be approved by San Francisco’s Planning Commission in two weeks time. In addition to over 840,000... Read More »

Reductions on the Rise as Pace of Home Sales Drops in SF

Reductions on the Rise as Pace of Home Sales Drops in SF

While the number of homes listed for sale in San Francisco hit a seasonal peak last month, inventory levels ticked up 12 percent over the past post-holiday week to 650, which is even with the same time last year. At the same time, the percentage of active listings in... Read More »

Neighbors Angling to Landmark Decaying Development Site

Neighbors Angling to Landmark Decaying Development Site

Established back in 1921, the Garibaldi Nursery was one of around two dozen local Italian and Italian-American cut-flower nurseries that dominated the Portola District back in the early twentieth century.  But following World War II, the lands which the nurseries had occupied were largely redeveloped and replaced by housing.... Read More »