Having dropped in 2017, the weighted average asking rent for an apartment in San Francisco and Oakland ticked up in 2018 but both markets remain below peak. Including one-off rentals, as well as those in larger developments, the average asking rent for an apartment in San Francisco is now... Read More »

Back in 1999, Caroline Novak appears to have fraudulently purchased a below market rate (BMR) condo at 300 Beale Street, having failed to disclose that she already co-owned property in San Mateo which would have disqualified her from participating in San Francisco’s BMR program. Having paid $178,500 for the... Read More »

Having ticked down a couple percent last month, the weighted average asking rent for an apartment in San Francisco – including one-off rentals as well as those in larger developments – has slipped another percent and is now running around $4,150 a month, which is around 7 percent below... Read More »

Having been charged with evicting tenants from rent-controlled units and then illegally marketing the apartments as short-term rentals on Airbnb, Homeway and VRBO, Darren and Valerie Lee agreed to pay $276,000 in penalties and fees back in 2015. As we first reported at the time, the settlement included injunctive... Read More »

The number of formal complaints related to illegal short-term rental activity in San Francisco has continued to drop, with a total of 231 complaints lodged in the first three quarters of the year, down nearly 50 percent versus 2017 and 55 percent fewer than the 516 lodged in the... Read More »

The financing to build 157 below market rate (BMR) rental units upon the former Phoenix Continuation High School site turned Mission District Navigation Center at 1950 Mission Street is now expected to close sometime between mid-November and December 15. The ground is expected to be broken within 10 days of... Read More »

Having ticked up a little over 1 percent from the second to third quarter of this year, the weighted average asking rent for an apartment in San Francisco – including one-off rentals as well as those in larger developments – slipped around 2 percent in October and is now... Read More »

The building permits for the approved eight-story building to rise on the northwest corner of Turk and Larkin, upon the site of the iconic Kahn & Keville tire and battery shop in the Tenderloin, are close to being issued. And next month, the Mayor’s Office of Housing and Community... Read More »

As we first reported earlier this year: If adopted by voters in November, California Proposition 10 would overturn the state’s Costa-Hawkins Rental Housing Act which prevents rent control from applying to single-family homes, condos or any multifamily building which received a certificate of occupancy after January of 1995 (or... Read More »

Having ticked up a little over one (1) percent from the second to third quarter of this year, the weighted average asking rent for an apartment in San Francisco – including one-off rentals as well as those in larger developments such as 150 Van Ness above – is now... Read More »