Articles Recently Tagged: Zynga

(13 posts)
Zynga’s Business is Still Worth Less Than its Building

Zynga’s Business is Still Worth Less Than its Building

Are you surprised that Zynga’s office building at 650 Townsend Street was recently estimated to be worth more than the company? You shouldn’t be, it has been that way for years. Or as we first reported in 2012: Zynga’s Business is Now Worth Less Than its Building. Read More »

Pac Heights Carriage House In Contract At $4K Per Square Foot

Pac Heights Carriage House In Contract At $4K Per Square Foot

Built to serve as the carriage house for the Newhall Mansion which is now hidden behind the house and owned by the co-founders of Zynga (Mark Pincus) and One Kings Lane (Alison Pincus), 2974 Pacific Avenue was designed by Julia Morgan and constructed in 1917 with a one-bedroom apartment... Read More »

Zynga Founder Delists Mansion, Plans To Gut And Expand

Zynga Founder Delists Mansion, Plans To Gut And Expand

The listing for the nearly 12,000-square-foot Pacific Heights pad at 2950 Pacific Avenue, which Mark and Alison Pincus, the respective co-founders of Zynga and One Kings Lane, purchased for $16 million in 2012 and re-listed for $18 million six months ago, has been withdrawn from the MLS and scrubbed from... Read More »

Plans To Gut Zynga Founder’s Stunning $18M Home

Plans To Gut Zynga Founder’s Stunning $18M Home

As we wrote when we first reported the listing of Mark Pincus’ Pacific Heights pad for $18 million last week, while the Albert Farr-designed Gold Coast home currently remains in its original condition and is rather well-kept, with period woodwork and detailing throughout, plans to renovate the entire home... Read More »

Pincus Selling Pac Heights Pad For $18M

Pincus Selling Pac Heights Pad For $18M

Having paid $16 million for the nearly 12,000-square-foot Pacific Heights pad at 2950 Pacific Avenue in 2012, Mark and Alison Pincus, the respective co-founders of Zynga and One Kings Lane, have just put their distinctive Dutch Colonial mansion on the market for two million more. Designed by Albert Farr... Read More »

A Giant Elk Paid $5,550,000 For The Noe Valley Firehouse No. 44

A Giant Elk Paid $5,550,000 For The Noe Valley Firehouse No. 44

Briefly on the market for $5,250,000 this past September, the converted Noe Valley Firehouse at 3816 22nd Street quickly sold for $5,550,000 or $955 per square foot and the buyer was an extinct giant elk. Okay, so the buyer wasn’t actually an extinct giant elk but rather the “Megaloceros,... Read More »

Zynga’s Business Is Now worth Less Than Its Building

Zynga’s Business Is Now worth Less Than Its Building

Having cut projections once again, Zynga is currently trading at $2.32 a share for a market cap of $1.76 billion. With around a billion and a half dollars of cash on its books, however, Zynga’s enterprise value is currently $223 million, five million less than the $228 million it... Read More »

Will Zynga Be A One House Wonder?

As we wrote three weeks ago when we broke the news of Pincus’ Pacific Heights purchase: While Zynga is currently trading at $5.57 per share, 44 percent under its IPO price of $10 per share, a few insiders including CEO Mark Pincus managed to dump over $500 million worth... Read More »

While Zynga Trades Down, Pincus Trades Up

While Zynga Trades Down, Pincus Trades Up

Having sold his Cole Valley home earlier this year, and a Presidio Heights property into which he never moved (but Zynga spent $1,169,896 to purchase, install and maintain a home security system), according to a plugged-in tipster, Mark Pincus is in contract to purchase the 8,850 square foot Albert... Read More »

PincusVille

PincusVille

As we wrote this past November: While purchased by the Pincus family in 2009 for $8,100,000, despite a number of (mis)reports suggesting otherwise, the family never called 3855 Washington Street home. In fact, we don’t believe they ever spent a night in the Presidio Heights pad which has returned... Read More »