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Articles Filed Under: Industry Stuff

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More Height for Approved Tower sur la Table

More Height for Approved Tower sur la Table

A modification to the approved plans for the French American International School’s 365-foot-tall tower to rise on the parking lot parcel at 98 Franklin Street, at the intersection of Oak, is on the table. As newly proposed and rendered by SOM, with placeholders for One Oak and 10 South... Read More »

New Plans for Approved Swoopy Tower Site and Development

New Plans for Approved Swoopy Tower Site and Development

While the plans for two swoopy towers to rise up to 425 feet in height on the northeast corner of 4th and Townsend were approved back in 2019, the ground has yet to be broken, permitting is on hold and Tishman Speyer is now seeking approval for a new... Read More »

Be Best for Over 20 Percent Less

Be Best for Over 20 Percent Less

Purchased for $3.295 million in June of 2016 and then rented out for what would appear to be around $8,000 per month, the two-bedroom, two-bath unit #34C in the Lumina tower at 338 Main Street, which is “considered San Francisco’s best condominium project,” according to its Compass agents, returned... Read More »

Index for Bay Area Home Values Has Dropped Nearly 12%

Index for Bay Area Home Values Has Dropped Nearly 12%

Having dropped 4.3 percent in August, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – fell another 2.9 percent in September. While the San Francisco index is still 2.3 percent higher than... Read More »

Buyers are Borrowing/Paying Less for Homes

Mortgage loan application volume to finance the purchase of a home in the U.S. was only 41 percent lower on a year-over-year basis last week versus 46 percent lower the week before, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey data. At the same time, the median... Read More »

Pace of New Home Sales Ticks Up, Still Down

Pace of New Home Sales Ticks Up, Still Down

Having dropped in September, the seasonally adjusted pace of new single-family home sales in the U.S. ticked up 7.5 percent in October to an annualized rate of 632,000 sales, which was only 5.8 percent lower than at the same time last year but nearly 35 percent below the pace... Read More »

Dogpatch Development on the Boards

Dogpatch Development on the Boards

Plans to raze the old Cresco equipment rental warehouse and equipment yard at 700 Indiana Street, between the Avalon Dogpatch dog park and the Dogpatch Arts Plaza, across from Esprit Park, are in the works. And as proposed, a three-story building would rise up to 49 feet in height... Read More »

Reductions Jump, Price Per Square Foot Drops in San Francisco

While pending home sales are down nearly 50 percent in San Francisco, the number of homes on the market (i.e., inventory) is currently 35 percent higher than it was at the same time last year and nearly 70 percent higher than prior to the pandemic, including 50 percent more... Read More »

Re-Revised Plans for Club Zone Project Closer to Reality

Re-Revised Plans for Club Zone Project Closer to Reality

As we outlined last year: While permits for a five-story, 19-unit residential building to rise up to 55 feet in height upon the Western SoMa site at 33 Norfolk, a merged parcel which abuts the rear property lines of a couple of 11th Street clubs, were approved and issued... Read More »

Existing Home Sales and Median Price Continue to Drop

Existing Home Sales and Median Price Continue to Drop

Having ticked down in September, the seasonally adjusted pace of existing-home sales across the U.S. dropped 5.9 percent last month to an annual rate of 4.43 million sales, which was 28.4 percent lower than at the same time last year; well below the pre-pandemic pace of sales; and the... Read More »