CFAH

Articles Filed Under: Rentals

(484 posts)
The Scoop: Archstone-Smith Negotiating To Acquire Argenta (1 Polk)

The Scoop: Archstone-Smith Negotiating To Acquire Argenta (1 Polk)

The SocketSite scoop three months ago: the 179-unit Argenta (1 Polk) was on the market as an apartment building (constructed as condos). The scoop today: according to a plugged-in tipster, Archstone-Smith is in negotiations to acquire the building and begin renting it out. From our tipster: Archstone originally turned... Read More »

The Scoop On Strata At Mission Bay, Its Environs And Rents

The Scoop On Strata At Mission Bay, Its Environs And Rents

A plugged-in reader reports on Strata at Mission Bay and its environs: I did a hard hat tour of Strata SF this weekend. I think the building itself is ok. A little bland but I have seen worse. The interior halls look nice….well and a good color scheme.... Read More »

Avalon At Mission Bay Phase III (240 Berry): True To Design

Avalon At Mission Bay Phase III (240 Berry): True To Design

While the 192 units of Strata at Mission Bay should be renting in March, the 260 rental units of Avalon at Mission Bay III should be online by the middle of the year (about 18 months after having started its ascent). ∙ Coming Soon: “Strata At Mission Bay” (A.K.A.... Read More »

Coming Soon: “Strata At Mission Bay” (A.K.A. 555 Mission Rock)

Coming Soon: “Strata At Mission Bay” (A.K.A. 555 Mission Rock)

The Mission Bay new development previously known as 555 Mission Rock has been branded “Strata at Mission Bay.” The 192 new units of rental inventory will be coming online in March of 2009 with an interest list now forming. ∙ 555 Mission Rock: Yesterday, Today And Tomorrow (And A... Read More »

123 Laidley: Same Sales Flair Now Available For Rent (And Analysis)

123 Laidley: Same Sales Flair Now Available For Rent (And Analysis)

As a plugged-in reader points out, the Jeremy Kotas re-designed 123 Laidley has gone the rental route. Now asking a “PRICE REDUCED” $5,550 per month. And now that we have an idea of potential income (or at least a ceiling), it’s interesting context for both the sale in 2003... Read More »

Marcus & Millichap San Francisco Rental Outlook (And Quick Rebuttal)

The Marcus & Millichap rental outlook for 2009 in San Francisco: rents up 3.3% on 400 new units in professionally managed apartment buildings with at least 20 units. Our comment (at the risking of stealing a bit of our own outlook thunder): we believe Marcus & Millichap is significantly... Read More »

Cash Flows Catch Up To The Lembi Group

Over the past two weeks 51 San Francisco apartment buildings which had been acquired by the Lembi Group were deeded back to the bank in lieu of foreclosure. The bundle of 1,500 apartments had been losing $3 million a month. ∙ Lembi gives 51 buildings back to UBS [Business... Read More »

One Rincon Hill (425 First Street): Rental Market Stumbling As Well?

One Rincon Hill (425 First Street): Rental Market Stumbling As Well?

Following in the footsteps of its “massive price reduction!!!” in December (originally asking $1,399,000, currently asking $999,900), the asking rent for 425 1st Street #1802 has been reduced to $4,200 per month as well (once asking $5,250). Don’t forget to update those assumptions on your valuation/rent versus buy worksheets.... Read More »

Rent Kirk Hammett’s Mansion For $1,555 A Month (Split Nine Ways)

Rent Kirk Hammett’s Mansion For $1,555 A Month (Split Nine Ways)

Last listed for sale at $9,500,000 before being withdrawn, Kirk Hammett’s recently remodeled mansion atop Pacific Heights (2505 Divisadero) is now being offered for rent at $14,000 a month. Yes, that’s only $1,550 per bedroom (there are nine). And while that application from you and eight of your buddies... Read More »

The Relative Value Of Two High-Rise Rentals Around $12,000 A Month

A mid-floor three bedroom, three bath at the St. Regis with a view of One Rincon asking $11,950 a month. Or a high-floor two bedroom, two bath at One Rincon with a view of the Bay Bridge for fifty bucks more ($12,000 a month). Similar rents but very different... Read More »