Pacific Union Sold To Morgan Lane Marin Principals
From a plugged-in tipster, Pacific Union Real Estate is being acquired by the principals of Morgan Lane Marin. The sale is expected to close in August and the Pacific Union…
Best-Case Scenario For 55 Laguna: A Ground Breaking Mid-2011
According to the San Francisco Business Times, A.F. Evans is in talks with Related California to partner on the on the development 55 Laguna. Related California President William Witte said…
When Arms Length Appraisals Are “Too Far” Away
“Major real estate groups are pushing for a moratorium on new appraisal standards that they say are scuttling sales, hampering refinancings and depressing prices at a time when the sector…
Note to Short Sellers (And Their Agents): Read The Fine Print
From the San Francisco Business Times: The rising tide of “short sales” by troubled home owners facing foreclosure is prompting lenders to become more aggressive in their attempts to pursue…
PMI’s Market Risk Index Report: 1st Quarter 2009
According to the latest PMI Market Risk Index, the San Francisco-San Mateo-Redwood City MSAD ended the first quarter of 2009 with a 66.2% likelihood of house price declines over the…
San Francisco Developers Land $96 Million In Infill Grants
In the last round of California Proposition 1C infill infrastructure grants, which voters approved in 2006, “San Francisco developers won seven state grants worth $96 million” versus one grant for…
Park Terrace Developer (Opus West) To File For Bankruptcy
Opus East and West (which developed Park Terrace at 325 Berry in Mission Bay) will file for federal bankruptcy protection, with Opus East expected to go the chapter 7 route…
Delaying Development Fees In An Attempt To Un-Delay Development
From the San Francisco Examiner with respect to various development fees: Because of the dismal economy…city officials are drafting new legislation that could allow developer fees to be paid after…
It Goes To Zero (The New Eleven)
It’s not yet San Francisco real estate news per se, but ZETA Communities is based in the city. From the Chronicle: Zeta Communities, which is headquartered in South of Market…
From At Risk To Lost For Another 24 Lembi Properties
The 23 Lembi properties at risk of being lost in March have officially been deeded back to their lender (a CIM Group fund) along with one more. ∙ Lembis At…