Even though the site is fully entitled for a 12-story, 106-unit condo tower, and the theoretical ground level retail space has been pre-leased to Trader Joe’s, it might be a while before – or even if – 1285 Sutter Street (currently the defunct Galaxy Theater) becomes a reality. For... Read More »

Twenty-one months ago 1515 Lyon was listed at $1,450,000. Two weeks later the asking price was reduced to $1,350,000. And five months after that it closed escrow with a reported contract price of $1,275,000 (on 10/25/06). Back on the market with a list price of $1,389,000 (and no permits... Read More »

It wasn’t the quick $130,000 price reduction (after less than a week on the market), or even the Los Gatos broker’s pre-reduction note (“fixup cost $250,000.00 Possible resale value would be $1,700,000.00”) which caught our attention. No, it was simply the vintage Wedgewood stove which conjured up warm thoughts... Read More »