The Bank Owned 152 Banks Closes Escrow (“Officially” Over Asking!)
As far as the San Francisco Association of Realtors and their reports are concerned, the bank owned 152 Banks Street has officially sold for over asking with a reported contract…
Another Address Change And Listing On Raycliff Terrace: Number 27
Designed by William Wurster in 1949, renovated by Sandy Walker in 1996, and last sold on 1/13/2004 with a reported contract price of $3,383,500 (listed for $3,995,000), 27 Raycliff (previously…
The Fed Cuts Rates To One Percent To Avert “Prolonged” Recession
A year ago Friday the Federal Reserve cut its benchmark interest rate to 4.5% and signaled that further cuts were unlikely. The thought at the time: “Today’s action, combined with…
Beauty Blight Is In The Eye Of The City (And Perhaps Your Neighbors)
San Francisco Supervisor Gerardo Sandoval’s anti-blight legislation was unanimously adopted by the Board of Supervisors yesterday. And once again: The law empowers city officials to hit property owners with up…
It’s “Official,” One Rincon Hill’s Tower Two Is Indefinitely On Hold
It’s now “official” and in the open. The construction of One Rincon Hill’s second tower has been indefinitely put on hold. And roughly 30% of tower one inventory has yet…
The Monster Meets A Magnetic Death? (2505 Divisadero Withdrawn)
After an effective 1000+ days on the market, a few reductions, and a remodeling, the listing for Kirk Hammett’s Pacific Heights mansion at 2505 Divisadero has been withdrawn from the…
Argenta’s Confirmed And Artani’s Rumored, Will 77 Van Ness Be Next?
With Argenta (One Polk) on the market as an apartment building, and a reader suggesting that The Artani (818 Van Ness) might just follow suit (in terms of going rental),…
August S&P/Case-Shiller: San Francisco MSA Decline Accelerates
According to the August 2008 S&P/Case-Shiller Home Price Index (pdf), single-family home prices in the San Francisco MSA fell 3.5% from July ’08 to August ’08 and are down 27.3%…
Land Use Supes Oppose Mirant Retrofit, Lennar Seeks Higher IRR
Mayor Gavin Newsom’s proposal to retrofit Potrero Hill’s Mirant Power Plant appears to have run out of steam as Supervisors Sophie Maxwell and Aaron Peskin acting as members of the…
Mission Walk (330/335 Berry): BMR Applications Now Available
It might still be wrapped in scaffolding, but applications are now available for the 131 Below Market Rate (BMR) condos that will compose Mission Walk (330/335 Berry Street). 25 one,…