When Barrack Speaks, You Should Listen
Some choice quotes from Tom Barrack, head of Barrack’s Colony Capital (one of the largest private equity firms devoted to real estate and having provided returns of 21 percent annually…
A Million Here, A Million There
Two months ago we reported on Yahoo’s Letter of Intent to lease 200,000 square feet of prime San Francisco real estate. It now appears that they’re looking for “as much…
Open Meeting: Mid-Market Redevelopment
The Redevelopment Agency Board will review the redevelopment plan for the mid-Market area this afternoon at 4 p.m. The meeting is in Room 416 of City Hall. Pro: 3,000 new…
We’re Moving On Up!
According to a Global Insight study, the San Francisco real estate market is overvalued by approximately 36% (up from 30% at the beginning of the year). As such, San Francisco…
Bay Area Inventories Up, Agent’s Spirits Down
This should come as no surprise to any regular SocketSite readers, but if you haven’t been reading or are new to our community here’s a bit of insight: inventories are…
Forget Staging, It’s Now About Posing
An instant classic! A reader forwards an email they recieved promoting a friend-of-a-friends open house this weekend. The classic excerpt: “I have an open house this Sunday from 2-4 and…
Flippers (Not Strippers) Gone Wild
What happens when a venture capitalist and Wall Street executive get together to buy a Broadway producer’s house in the Hamptons for $14 million? According to the Wall Street Journal,…
You Can Relist, But You Can’t Hide
It’s a dirty little secret of the real estate trade: relist (or in this case, change agents) in order to obscure a dramatic price reduction for a property. And it…
The Times They Are A-Changin’
Inman echo’s our previous observations (and then some) concerning the abrupt slowdown in local open house traffic: All the signs are there: no more double parking to get a sneak…
Flexcar Comes To San Francisco
As of today, City Carshare and Zipcar have some competition in the San Francisco car-share arena. Two important things to note: 1. up to 75% of Flexcar’s fleet will by…