Having sat vacant for 20 years, the 56,000-square-foot office condo at 25 Taylor Street, above the Golden Gate Theater, was purchased by War Horse Cities for $6 million in 2012 and converted into “WeWork Golden Gate,” which opened in 2013 and “activated and energized the district and paved the... Read More »

Having inched down a percent over the past week to 1,240, the number of homes on the market in San Francisco, net of new sales, appears to have hit its peak for the year, a move which shouldn’t catch any plugged-in reader’s by surprise. And while inventory levels are... Read More »

Having ticked over 20 percent in the second quarter of the year, the effective office vacancy rate in San Francisco has inched up another 40 basis points (0.4 percentage points) to 20.5 percent, which represents 17.5 million square feet of vacant office space in the city, with 6.8 million... Read More »

The office vacancy rate in the East Bay, not including Walnut Creek or further east, ticked up to 17.9 percent at the end of September, which includes 4.6 million square feet of un-leased space and 1.2 million square feet of space which has been leased but is sitting vacant... Read More »

Having jumped back over 3 percent two weeks ago, the average rate for a benchmark 30-year mortgage has since inched up to 3.05 percent, which is a six-month high. And while 3.05 percent is still historically low, with the 30-year rate having averaged closer to 6 percent over the... Read More »

Mortgage loan application volumes across the U.S. inched up 0.2 percent over the past week on a seasonally adjusted basis having dropped 6.9 percent the week before, with a 2 percent increase in purchase mortgage activity in the absolute, according to the Mortgage Bankers Association. That being said, purchase... Read More »

With fewer purchase contracts having been written over the past week than there were properties newly listed for sale, the net number of homes on the market in San Francisco inched up another (1) percent to 1,260, representing the most active inventory since December of last year, 22 percent... Read More »

As we first reported last year, a proposed revision to the previously approved plans for a new 13-story, mixed-use building to rise on the site of the columned Fifth Church of Christ, Scientist at 450 O’Farrell Street was in the works, a revision which would have yielded around 300... Read More »

Mortgage loan application volumes to either purchase or refinance a home in the U.S. dropped 6.9 percent on a seasonally adjusted basis over the past week and were down 7 percent in the absolute, according to the Mortgage Bankers Association. While the overall drop was driven by a 10... Read More »

With new listings having outpaced sales over the past week, the net number of homes on the market in San Francisco has ticked up 3 percent to 1,240, representing the most active inventory on the market since the fourth quarter of last year, over 20 percent more inventory than... Read More »