Articles Filed Under: Industry Stuff

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In The Words Of A Plugged-In Reader: It’s About Time

“The U.S. title-insurance industry faces increasing pressure from regulators to justify the fees charged to consumers for ensuring they have clear ownership of their homes.” ∙ Title-Insurer Fees Draw Scrutiny Read More »

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 brand will remain, but Mark McLaughlin of Morgan Lane will replace Avram Goldman as CEO. With respect to the... Read More »

Best-Case Scenario For 55 Laguna: A Ground Breaking Mid-2011

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 they are looking at the numbers and would make a decision in the early fall. He said they are... Read More »

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 desperately needs a boost.” ∙ Bill would suspend new home appraisal standards ∙ Loan Officers Forced To Play... Read More »

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 former homeowners for their loan losses in a short sale. In a short sale, a house is sold, with... Read More »

PMI’s Market Risk Index Report: 1st Quarter 2009

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 next two years, up from 31.6% in the fourth quarter of 2008, up from 30.2% in the fourth quarter... Read More »

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 $5 million the last time around.  From J.K. Dineen: The biggest Bay Area recipient was the John Stewart Co.,... Read More »

Park Terrace Developer (Opus West) To File For Bankruptcy

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 while Opus West is expected to reorganize under chapter 11. Opus West has been active in the Bay Area,... Read More »

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 construction finishes instead of before it starts, according to Michael Cohen, Mayor Gavin Newsom’s chief economic strategist.... Read More »

It Goes To Zero (The New Eleven)

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 and owns a manufacturing plant in San Leandro, is close to completing its first “zero energy” townhome in Oakland... Read More »