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Articles Filed Under: Industry Stuff

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Number of Homes for Sale in San Francisco Has Likely Peaked

Number of Homes for Sale in San Francisco Has Likely Peaked

Having inched down a percent over the past week to 1,240, the number of homes on the market in San Francisco, net of new sales, appears to have hit its peak for the year, a move which shouldn’t catch any plugged-in reader’s by surprise. And while inventory levels are... Read More »

Office Vacancy Rate Inches Up in S.F. Despite Leasing Activity

Office Vacancy Rate Inches Up in S.F. Despite Leasing Activity

Having ticked over 20 percent in the second quarter of the year, the effective office vacancy rate in San Francisco has inched up another 40 basis points (0.4 percentage points) to 20.5 percent, which represents 17.5 million square feet of vacant office space in the city, with 6.8 million... Read More »

Iconic Castro Building Back on the Market

Iconic Castro Building Back on the Market

With plans to convert the prominent Bank of America/Italy building on the southwest corner of Castro and Market into a “Randy Rooster” burlesque club having fallen through back in 2013, at which point the building was in contract to be sold to the backers of the club for $7.7... Read More »

East Bay Office Vacancy Rate Ticks Up to 17.9 Percent

East Bay Office Vacancy Rate Ticks Up to 17.9 Percent

The office vacancy rate in the East Bay, not including Walnut Creek or further east, ticked up to 17.9 percent at the end of September, which includes 4.6 million square feet of un-leased space and 1.2 million square feet of space which has been leased but is sitting vacant... Read More »

Mortgage Loan Application Volumes Inch Up, But…

Mortgage loan application volumes across the U.S. inched up 0.2 percent over the past week on a seasonally adjusted basis having dropped 6.9 percent the week before, with a 2 percent increase in purchase mortgage activity in the absolute, according to the Mortgage Bankers Association. That being said, purchase... Read More »

Bigger Plans for a Project That’s Already Broken Ground

Bigger Plans for a Project That’s Already Broken Ground

Plans to merge the two Central SoMa parcels at 952-960 Howard Street, demolish everything but the façade of the 100-year-old, single-story industrial building at 960 Howard, and develop a new three-story building on the site, with 18,500 square feet of office space, 5,200 square feet of replacement “PDR,” and... Read More »

Conversion of Historic Clay Theater Closer to Reality

Conversion of Historic Clay Theater Closer to Reality

Having shuttered in February of last year, plans to convert the historic Clay Theater at 2261 Fillmore Street into a retail space have since been drawn. And a formal application to proceed with the conversion is now working its way through Planning. As proposed, the theater’s façade and marquee... Read More »

Supervisors Overturn Approval of Group Housing “Switcheroo”

Supervisors Overturn Approval of Group Housing “Switcheroo”

As we first reported last year, a proposed revision to the previously approved plans for a new 13-story, mixed-use building to rise on the site of the columned Fifth Church of Christ, Scientist at 450 O’Farrell Street was in the works, a revision which would have yielded around 300... Read More »

Bonus-Sized Bayview Development(s) on the Boards

Bonus-Sized Bayview Development(s) on the Boards

Acquired for $3 million by way of a forced sale last year, plans for a seven-level, 100-unit apartment building to rise up to 65 feet in height across the six Bayview lots at 5222-5250 Third Street, adjacent to another proposed infill development, have since been drawn. As designed by... Read More »

Mortgage Loan Application Volumes Drop

Mortgage loan application volumes to either purchase or refinance a home in the U.S. dropped 6.9 percent on a seasonally adjusted basis over the past week and were down 7 percent in the absolute, according to the Mortgage Bankers Association. While the overall drop was driven by a 10... Read More »