The Potrero’s New New Approach: Soliciting Minimum Sealed Bids
It appears as though The Potrero’s closeout offer of an additional $25,000 off already reduced prices of as much as $90,000 (11%) didn’t do the trick last month on those…
Putting Some Green On Guy Place: A Rincon Mini Park In The Works
It’s a new San Francisco “mini park” in the works in Rincon Hill on Guy Place off of First. Currently a vacant lot hidden behind a wooden fence and locked…
A Plugged-In Reader Picks An Apple For Himself (1968 Greenwich)
Excerpts from a plugged-in reader’s comment on 1968 Greenwich (on which he is in contract): I’ve gone apple picking in district 7 (1968 Greenwhich) and would like all of you…
TIC Troubles Via The WSJ (But We Wouldn’t Discount That Downturn)
The Wall Street Journal article: Residential-TIC Tack Hits Snags. The Quote: The problems facing residential TICs, which are found mainly in San Francisco, are different and reflect tighter mortgage underwriting…
Inside The St. Regis Penthouse: The Rendering Scoop And Details
It’s a plugged-in tipster that catches a couple of the elusive and exclusive renderings and additional details for the two-story penthouse atop the San Francisco St. Regis. The numbers: 20,000+…
The Market Might Not Like It, But We Do: Paulson Changes Rescue Plan
“U.S. Secretary Henry Paulson plans to use the second half of the $700 billion financial rescue program to help relieve pressures on consumer credit, scrapping an effort to buy devalued…
While San Francisco Might Get High-Speed Rail, Will The Transbay?
While Proposition 1A passed last week giving San Francisco hope of realizing a high-speed rail line, the hope that rail lines will be extended the 1.4 miles from the current…
We’ll Pass On Getting Zillowed And Focus On The Apple-esque Data
We’ll pass on Zillow’s report on the percentage of Bay Area homes that are underwater as it relies on “zestimates” of current market value. And well, let’s just say we…
Four Floors Lower, But Asking One Hundred And Fifty Thousand Less
While the resale of #2202 in One Rincon Hill (425 1st Street) closed escrow on 6/24/08 with a reported contract price of $1,300,000, #1802 has yet to find a buyer.…
Fannie, Freddie and Citigroup To Join The Payment Cutting Parade
“Mortgage companies Fannie Mae and Freddie Mac and Citigroup Inc. plan to cut home-loan payments for hundreds of thousands of borrowers facing foreclosures, following similar moves by the nation’s biggest…