While legally a two-unit building, 250-252 Cumberland Street was redeveloped as a high-end, 4,000-square-foot Liberty Hill home in 2014 and sold for $6 million that October. Located half a block above Dolores Park, the five-bedroom home now features an open main floor, with “timeless design and sumptuous finishes,” a... Read More »

With the number of units of housing that finished up construction across San Francisco at the end of last year having outpaced the number of units for which the ground was newly broken, the net number of units under construction across the city dropped 8 percent from the third... Read More »

Having held in December, 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 – inched up 0.2 percent in January for 9.1 percent year-over-year gain versus a 11.2 percent year-over-year gain nationally. At... Read More »

While the Fed has just affirmed its intentions to maintain a low rate environment through 2023, the average rate for a benchmark 30-year mortgage, which inched over 3 percent for the first time in seven months two weeks ago, inched up another 4 basis points (0.04 percentage points) over the... Read More »

While waylaid by the pandemic, Oakland’s Planning Department is aiming to update and adopt its comprehensive plan to transform Downtown Oakland by the end of this year. As envisioned, the Downtown Oakland Specific Plan (DOSP) would allow for the development of up to 20 million square feet of new... Read More »

The 25-story tower rising at 415 Natoma Street, the first building of the massive 5M Project, which spans a 4-acre South of Market site stretching from Mission to Howard and Fifth to Mary, has officially “topped out.” And with around 14 million square feet of vacant office space currently... Read More »

With new permitting and entitlement activity having effectively ground to a halt in the third quarter of this year while construction crews continued to work and deliver new units, the net pipeline of new apartments and condos under development in San Francisco inched down half a percent to just... Read More »

Having hit a record high at the end of 2019, the number of apartments and condos now under development in San Francisco (i.e., the city’s housing pipeline) has since dropped 4.6 percent, primarily driven by a sharp decline in the pace of newly proposed projects. That being said, there... Read More »

With the San Francisco Tennis Club at 645 5th Street having been fenced and Alexandra Real Estate Equities poised to break ground for the 243-foot-tall, 775,000-square-foot “88 Bluxome” Street development to rise on the Central SoMa site, over half of which Pinterest had pre-leased, demolition permits have been issued... Read More »

Independent of any ongoing impact related to the pandemic or economy in general, the proposed phasing and building timeline for the massive redevelopment of the 29-acre Potrero Power Plant site has been amended and approved. Rather than building in six phases over the course of 16 years, the team... Read More »