CFAH

Articles Filed Under: Industry Stuff

(1,675 posts)
1501 Greenwich: Twenty-Nine New Condominiums Coming Soon

1501 Greenwich: Twenty-Nine New Condominiums Coming Soon

The transformation of 2655 Van Ness from a 27,000 square foot class B office building (with private tennis court up top) into twenty-nine (29) new condominiums with a more upscale 1501 Greenwich address (no offense Marina Chateau) is about three months from completion. And in case it’s not readily... Read More »

Countrywide Secures Another $12 Billion As Application Volume Falls

Countrywide has secured an additional $12 billion in “borrowing capacity through new or existing credit facilities” (good news for those waiting to fund), but also reports that year-over-year application volume was off 12% – and down 19% in terms of dollar value – at the end of August (not... Read More »

From Rumor To Reality: Up To 12,000 Layoffs At Countrywide

It was two days ago that “ex SF-er” commented: “Rumor alert: Countrywide may be laying off 6,000 to 10,000 employees.” And it was but less than two hours ago that Countrywide announced possible workforce cuts of between 10,000 and 12,000 people over the next three months. The culprit, a... Read More »

JustQuotes: Qualifying Is Great, Funding Is Even Better

“U.S. commercial paper outstanding fell for a third week, dropping 3.1 percent as more investors refuse to buy debt secured by mortgage assets.” “Commercial paper outstanding has fallen by $244.1 billion in the past three weeks as more than 20 companies and funds including Cheyne Finance and Thornburg Mortgage... Read More »

The Montgomery (74 New Montgomery) Gets A New Sales Team?

The Montgomery (74 New Montgomery) Gets A New Sales Team?

According to a trusted plugged-in tipster, The Montgomery (74 New Montgomery) has switched sales teams (out with Pacific Marketing Associates, in with The Mark Company) two months after their grand opening and first release of condos. If so, it’s likely some insight into the pace of sales (and perhaps... Read More »

JustQuotes: Is This A Blip, A Bump, Or More In The Mortgage Market?

“FBR Research said on Wednesday that $150 billion to $250 billion of permanent capital is needed to normalize pricing in the depressed market for mortgage-backed securities. However, in a note to clients, the research arm of securities firm Friedman, Billings, Ramsey & Co Inc said the process would take... Read More »

JustQuotes: Upping The Underwriting Ante (And Industry Layoffs)

“Capital One Financial Corp., a credit card and banking company, slashed its earnings forecast on Monday and said it plans to eliminate 1,900 jobs, following its decision to stop arranging mortgages through brokers….The credit card and banking company said it expects to continue to make home loans in its... Read More »

JustQuotes: 72 Townsend To Become 74 New Condos In San Francisco

JustQuotes: 72 Townsend To Become 74 New Condos In San Francisco

“Westbay Builders has purchased a 25,380-square-foot industrial property at 72 Townsend St. for $9.2 million and plans on developing a nine-story, 74-unit condo building on the site….The project is fully approved and will incorporate a historic one-story warehouse built in 1874 for grain storage. “ (Flynn Properties scores with... Read More »

From No Real Story To A Bit Of Understated Irony (4128 24th)

From No Real Story To A Bit Of Understated Irony (4128 24th)

After almost a month on the market the list price on 4128 24th Street has been reduced $500,000 (14.3%). Yes, this was the former home of Droubi Real Estate. Yes, it’s a Droubi Team listing. And yes, we’re biting our tongues. ∙ Listing: 4128 24th Street (4/2) – $2,995,000... Read More »

As Promised: From Coming Soon To On The Market (4128 24th Street)

As Promised: From Coming Soon To On The Market (4128 24th Street)

No real story other than the symbolic end of an era. (And no, not as in Victorian.) ∙ Listing: 4128 24th Street (4/2) – $3,495,000 ∙ The Droubi Noe Valley Victorian (4128 24th): Coming Soon ∙ Local Brokerage Consolidation: Droubi Acquired By Coldwell Banker Read More »