Infamous San Francisco Theater Has Sold

Infamous San Francisco Theater Has Sold

While the infamous “close-contact” strip club known as Mitchell Brothers remains open, the O’Farrell Theatre and corner parcel upon which the theater sits, and its talent spins, has quietly traded hands with a $9 million contract price, around a million less than the broker’s unofficial target. As we first... Read More »

Truth in Advertising, Eventually

Truth in Advertising, Eventually

Its sale won’t be perfectly apples-to-apples as the offering now includes a storage unit in the building which was purchased separately, but having been purchased for $1,419,478 in April of 2016, the “rarely available top floor plaza unit” #C8H at 333 Beale Street, a 985-square-foot, one-bedroom LUMINA condo with... Read More »

Bay Area Employment Holds, Unemployment Rate Down

Bay Area Employment Holds, Unemployment Rate Down

Having benefited from a seasonal bump in July, the number of people living in San Francisco with a paycheck, which is now estimated at 573,600, was unchanged in August. But with the labor force having since shed 1,100 people, the unemployment rate in the city has dropped from 2.4... Read More »

Pace of Existing Home Sales in the U.S. Ticks Up, Slips out West

Pace of Existing Home Sales in the U.S. Ticks Up, Slips out West

Having gained 2.5 percent in July, the seasonally adjusted pace of existing-home sales across the U.S. ticked up another 1.3 percent in August to an annual rate of 5.49 million transactions which is now 2.6 percent above its mark at the same time last year, according to the National... Read More »

Mortgage Rates Jump

Mortgage Rates Jump

Having started to inch up last week, the average rate for a 30-year mortgage has since jumped another 17 basis to 3.73 percent but remains 92 basis points below its mark at the same time last year and within 32 basis points of a three/six-year low. At the same... Read More »

Bonus Plans for a Big Development on the Edge of the Mission

Bonus Plans for a Big Development on the Edge of the Mission

In a move which shouldn’t catch any plugged-in readers by surprise, plans for 7-story development to rise upon the 1458 San Bruno Avenue parcel, adjacent to Potrero del Sol Park and the Meadows Livingstone School, on the southeastern edge of the Mission, have been drafted. As envisioned, the three... Read More »

The Fed Just Cut Rates, Again

As predicted, the Federal Reserve just cut the benchmark Federal Funds rate by another 25 basis points (0.25 percentage points), the second such cut this year. Having dropped its benchmark rate a total of 5 percentage points between August of 2007 and the end of 2008, a move which... Read More »

Remarkable Two-Bedroom Fails to Fetch Its 2014 Price

Remarkable Two-Bedroom Fails to Fetch Its 2014 Price

As we outlined last October: Priced at $2.345 million in early 2014, the “remarkable” two-bedroom, two-bath unit #29A with a 200-square-foot terrace near the top of the Infinity tower at 301 Main Street sold for $2.1 million, or roughly $1,656 per square foot, that November, four months after the... Read More »

Home Sales Activity in San Francisco Remains Down

While the number of homes listed for sale in San Francisco just hit an 8-year seasonal high, pending home sales activity in the city remains down. In fact, despite a significant drop in mortgage rates over the same period of time, and both the DJIA and S&P 500 currently... Read More »

Big Mission Street Development Redesigned, Back in Play

Big Mission Street Development Redesigned, Back in Play

While plans for a 21-story building to rise up to 200 feet in height on the SoMa parcel upon which the since shuttered SF Pizza Café and parking lot at the corner of Mission and Laskie, between 8th and 9th Streets, were approved back in the fourth quarter of... Read More »