Articles Filed Under: Bay Buildings

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Competition, Rates, And Plugging In

J.K. Dineen hits the front page of the San Francisco Business Times with a great piece titled, “Competition runs high: Luxury condos vie for buyers on Rincon Hill.” And while the piece focuses on the Metropolitan, it might just be a bellwether for other developments around town. A couple... Read More »

The Oriental Warehouse (650 Delancey)

The Oriental Warehouse (650 Delancey)

The Oriental Warehouse was originally built by The Pacific Mail Steamship Company in 1867 to act as a distribution point for imported coffee, tea, rice, and silk. 129 years later, a completely new structure architected by Fisher Friedman was constructed within the original brick envelope to transform the derelict... Read More »

New Sales Force At The Beacon: Your Neighbors

New Sales Force At The Beacon: Your Neighbors

From a “plugged in” tipster: “Apparently the brokers aren’t referring enough new buyers to The Beacon to get those $2500 Best Buy cards. Yesterday all 500+ Beacon homeowners received a notice on their doors from the Beacon sales office (Mark Company) offering a $15,000 bonus if they refer two... Read More »

Bonuses At The Beacon

Bonuses At The Beacon

So while it’s not fifty percent, forty-three percent of the current re-sale listings for 260 King Street (The Beacon) have seen at least one price reduction. Unit #369 is advertising its “Final Price Reduction!” (there have been three) and “Need to Sell Soon!” (it’s been on the market for... Read More »

1081 Pine Street Redux

1081 Pine Street Redux

1081 Pine Street is back on the market (or at least the MLS), has been reduced another $70,000 (now listed at $1,325,000), and is “On Tour as New.” And thanks to our research department (i.e., Google), we just discovered the original marketing site (floor plans!) for the entire building,... Read More »

Even More Value At The Lansing!

It appears that The Lansing (“Where quality meets value!”) recently (i.e., yesterday) joined the Watermark, 776 Tehama, and 69 Clementina in discounting prices on brand-new condominiums. According to ZipRealty, the list prices for units #305 and #410 in The Lansing were reduced by $31K and $25K respectively. ∙ The... Read More »

Book Concern Building (83 McAllister)

The conversion of the Book Concern Building (83 McAllister at 7th Street) from offices to “new efficiency lofts” should be completed by the end of September 2006. The 60 new units (6 below market rate) will range from studios to two bedrooms with lofts, and are currently listed starting... Read More »

A Troublesome Trend?

A Troublesome Trend?

Four units in 255 Berry are currently on the market. That’s not a lot considering the number of units in the building (100), and not too surprising considering the building recently passed the magical two-year mark (think tax free gains). But then again, perhaps Le Blog Exuberance is on... Read More »

Watermark Signs Of Weakness?

Watermark Signs Of Weakness?

Despite strong initial sales, the Watermark (501 Beale) appears to be showing subtle signs of weakness. According to ZipRealty, the list price for Watermark unit #14D was reduced $10,000 to $975,000 and unit #20M is currently listed for $1,725,000 ($5,000 below the advertised price range of $1.730M to $1.9M... Read More »

188 King Street: An Update

188 King Street: An Update

Seven weeks ago we alerted our readers to the opening of 188 King Street and provided a complete rundown of “Phase I” pricing (16 units). At the time, 3 units were already being advertised as “pending,” and only two units were listed on the MLS. Today, 9 units are... Read More »