1285 Sutter: Fully Entitled, Retail Pre-Leased, And…On The Market
Even though the site is fully entitled for a 12-story, 106-unit condo tower, and the theoretical ground level retail space has been pre-leased to Trader Joe’s, it might be a…
Will San Francisco Suffer From Premature Loan Limit Reduction? No.
In case you missed it, some great reader discussion and debate on the potential impact of H.R. 3221: Foreclosure Prevention Act of 2008 yesterday (which passed in the House and…
San Francisco Recorded Sales Activity In June: Down 9.8% YOY
According to DataQuick, home sales volume in San Francisco fell 9.8% on a year-over-year basis last month (571 recorded sales in June ’08 versus 633 sales in June ‘07) and…
Countrywide Requiring 25% Down For All Bay Area Jumbo Loans
From a plugged-in tipster late last week: Just got an email from my mortgage broker…countrywide is now requiring 25% down payments on jumbo mortgages in the bay area. No word…
Govenor Schwarzenegger Signs The Perata Mortgage Relief Bill
California SB 1137 (a.k.a. the Perata Mortgage Relief Bill) has been signed into law. The bill will require lenders to “begin contacting homeowners at least 30 days before issuing a…
The SocketSite (Reader’s) Scoop: Daly’s Two-Unit TIC Legislation DOA
We’ve fielded more than our fair share of questions and concerns over the past month regarding Supervisor Daly’s proposal to require two-unit buildings to participate in San Francisco’s condo-conversion lottery.…
The SocketSite Scoop: Wells Fargo To Offer Fractional TIC Financing?
Despite what some might sell, TICs financed with fractional (or “individual”) loans are not substantively the same as condominiums. While fractional financing does mitigate a large portion of the commingled…
The Proposed Sixty-Six Forty-Five Condos (And Parking) Of 300 Grant
It was sixteen months ago that we first plugged you in to the proposed design for a ten-story mixed use development at 300 Grant (corner of Grant and Sutter). At…
Plans For The Presidio’s Post: Four Alternatives And Visualizations
From the Draft Supplemental Environmental Impact Statement for the Presidio’s Main Post (released this morning), a series of “Existing Conditions” (above) with visualizations of what could come to be (the…
Results: Proposition 98 Fails/99 Passes, Measure F Fails/G Passes
With 100% of both statewide and San Francisco precincts reporting, Proposition 98 and Measure F have failed while Proposition 99 and Measure G have passed. The margins: Proposition 98 –…