Seeking Forgiveness for the Former Abby Hotel

Seeking Forgiveness for the Former Abby Hotel

With the master lease to the San Francisco Art Institute, which had been using the building for student housing, having expired last year, and 52 of the 54 units, 27 of which had private bathrooms, having been delivered vacant, the former Abby Hotel at 630 Geary Street traded for... Read More »

Hayes Valley Trader Joe’s Closer to Reality

Hayes Valley Trader Joe’s Closer to Reality

Following a major false start by Portland-based New Seasons Market, which was aiming to open in 2018, Trader Joe’s has now formally submitted their application to build-out and operate the roughly 17,000-square-foot ground floor grocery store space at 555 Fulton Street in Hayes Valley. If approved by the City,... Read More »

Landmark Doelger Building Relisted, Reduced

Landmark Doelger Building Relisted, Reduced

The landmarked Art Deco building with a Streamline Modern addition at 320-326 Judah Street, which was built for the San Francisco builder extraordinaire, Henry Doelger, back in 1932 is now back on the market with a reduced $7.45 asking price having been listed for $8 million near the end... Read More »

Inventory Levels Tick Down in San Francisco To a 10-Year High

While there are now twice as many homes on the market in San Francisco than there were at the same time last year, the year-over-year metric is currently being skewed by an exodus of listings last March. And in fact, the number of single-family homes and condos listed for... Read More »

COVID Case Rate Inching Back Up in San Francisco

COVID Case Rate Inching Back Up in San Francisco

Having dropped to pandemic low of 0.78 percent three weeks ago, the 7-day average positivity rate for those who are tested for COVID-19, which effectively peaked at 5.36 percent in early January, has inched back up to 0.94 percent. And as such, the average number of daily new COVID-19... Read More »

Creative Central SoMa Infill Project Closer to Reality

Creative Central SoMa Infill Project Closer to Reality

The creative plans for two equal-sized, but slightly offset, buildings to rise up to 85 feet in height upon the through-block Central SoMa parcel at 470-474 Bryant Street have just qualified for a streamlined review. As we outlined last year, the proposed development includes a demolition of the adjacent,... Read More »

Foreshadowing the Fight for a Telegraph Hill Infill Project

Foreshadowing the Fight for a Telegraph Hill Infill Project

As we revealed last month, plans to the redevelop the parking garage parcel at 955 Sansome Street, at the intersection of Vallejo, have been drawn. And as envisioned, a seven-story building with an additional “mezzanine” level would rise up to 84 feet in height on the lower Telegraph Hill... Read More »

Pending Home Sales Drop Over 10 Percent Nationally

Pending Home Sales Drop Over 10 Percent Nationally

Having ticked down 2.8 percent in January, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped 10.6 percent in February to 110.3, representing the sixth consecutive month-over-month decline for the index which peaked at 132.8... Read More »

Bay Area House Values Hold, Condos Slip, Again

Bay Area House Values Hold, Condos Slip, Again

Having held in December, the S&P CoreLogic Case-Shiller Index for single-family home values within the San Francisco Metropolitan Area – which includes the East Bay, North Bay and Peninsula – inched up 0.2 percent in January for 9.1 percent year-over-year gain versus a 11.2 percent year-over-year gain nationally. At... Read More »

Asking Rents in Oakland Tick Up

Asking Rents in Oakland Tick Up

While the weighted average asking rent for an apartment in San Francisco has continued to inch down, despite some recent misreports to the contrary, the weighted average asking rent for an apartment in Oakland has inched up around 2 percent over the past month to a four-month high of... Read More »