CFAH

Restaurateur’s Estate Fetches Less Than 50% of Original List

Restaurateur’s Estate Fetches Less Than 50% of Original List

As we outlined in July of last year, the 6,000-square-foot “Villa Cucina,” which sits on 40 acres of prime Napa Valley land, was built for Pat Kuleto, the famed San Francisco restaurateur, back in 1995. The centerpiece of the rustic five-bedroom home is an oversized kitchen designed by Kuleto... Read More »

Expectations for a Rate Hike Have Accelerated

Expectations for a Rate Hike Have Accelerated

Having cited an ongoing public health crisis (i.e., the pandemic) that “will continue to weigh on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook” at the end of last year, the dot plot of Federal Open Market Committee (FOMC) participant’s... Read More »

Pace of Existing Home Sales in the U.S. Drops

Pace of Existing Home Sales in the U.S. Drops

Having ticked up in July, the seasonally adjusted pace of existing-home sales across the U.S. dropped 2.0 percent in August to an annual rate of 5.88 million sales and was down 1.5 percent on a year-over-year basis, representing the first year-over-year decline in the pace of sales since July... Read More »

Modern Van Ness Development Slated for Approval, Take Two

Modern Van Ness Development Slated for Approval, Take Two

As we outlined back in May: Having just cleared a key environmental hurdle which obviates the need for a detailed Environmental Impact Report to be prepared for the project, the further refined plans for a bold 13-story building designed by Woods Bagot to rise on the northeast corner of... Read More »

Purchase Mortgage Activity Down 17 Percent for New Homes

While purchase mortgage application volumes for new home purchases across the nation ticked up 9 percent from July to August, application volumes were down 17 percent on a year-over-year basis, according to the Mortgage Bankers Association and despite the fact that there were over 26 percent more new homes... Read More »

Permit for 70 Tiny Cabins Has Been Approved

Permit for 70 Tiny Cabins Has Been Approved

While plans for a residential tower to rise up to 250 feet in height upon the City College of San Francisco site at 33 Gough Street were first drafted back in 2017, and further densified the following year, said plans were withdrawn from consideration prior to the project and... Read More »

Number of Homes for Sale in San Francisco Ticks Up

Number of Homes for Sale in San Francisco Ticks Up

Having jumped last week with the most new listings in over 15 years, which shouldn’t have caught any plugged-in readers by surprise, the net number of homes for sale in San Francisco (i.e., inventory) has since ticked up another 11 percent to 1,180. While inventory levels in San Francisco... Read More »

Bay Area Employment Slipped Last Month

Bay Area Employment Slipped Last Month

Having jumped by (a downwardly revised) 11,600 in July, the number of people living in San Francisco with a paycheck (529,600) slipped by 2,200 in August. But with 3,700 people having left the labor force, the unemployment rate actually inched down to 5.0 percent. And while there are still... Read More »

The City’s Assessment of DBI’s Integrity and Required Reforms

The City’s Assessment of DBI’s Integrity and Required Reforms

Having completed a “Public Integrity Review” of the Department of Building Inspection’s (DBI’s) permitting and inspection processes, driven by a need to root out departmental fraud and a history of inappropriate activities, the Controller’s Office of San Francisco has identified the following weaknesses in the DBI’s systems, processes and... Read More »

Block-Sized “Live-Work-Play” Campus on the Boards

Block-Sized “Live-Work-Play” Campus on the Boards

In addition to plans for a 75-story residential tower to rise on the current parking garage site at 50 Main, Hines is planning to redevelop and rebrand the adjacent Pacific Gas and Electric tower at 77 Beale Street once PG&E vacates the block and completes its move to the... Read More »