Ballot Measure to Limit Navigation Centers Drafted

Ballot Measure to Limit Navigation Centers Drafted

With the hotly contested Embarcadero Navigation Center having recently opened its doors and at least five Supervisors now pushing for new Navigation Centers to be built in every Supervisorial District, a proposed ballot measure to strictly limit the operation of existing centers and restrict the opening of any new... Read More »

Trophy Penthouse Now Listed for 40 Percent Less

Trophy Penthouse Now Listed for 40 Percent Less

The signature penthouse unit atop the historic Clock Tower Lofts Building at 461 2nd Street hit the market in the second quarter of 2016 with a bit of fanfare and an $8.5 million price tag. Positioned as the “ultimate San Francisco trophy property,” the 3,000-square-foot unit is currently configured... Read More »

Holdout’s Days Appear to Be Numbered

Holdout’s Days Appear to Be Numbered

While the refined plans for the nearly blocked-sized Central SoMa development to rise up to 14-stories in height along Harrison Street, between 3rd and 4th Streets, were approved at the end of last year, as slated, said plans didn’t include the little mid-block parcel at 759 Harrison Street, upon... Read More »

Pace of Home Sales in San Francisco Slows Down

While the pace of home sales in San Francisco started ticking up at the end of last year on a year-over-year basis, having dropped in 2019 overall, keep in mind that said sales were compared to 10 and 11-year lows in San Francisco and the Bay Area at the... Read More »

Bonus-Sized Polk Street Project Slated for Approval

Bonus-Sized Polk Street Project Slated for Approval

As we first reported back in 2018: Plans to level the Out of The Closet thrift store complex on the southeast corner of Polk and California and develop a 7-story building with 63 condos over 8,000 square feet of new retail space and an underground garage for 41 cars... Read More »

Inventory Levels Jump in San Francisco

As expected, the number of homes on the market in San Francisco (610) has jumped 20 percent since the Super Bowl and inventory levels are now back to within 3 percent of their mark at the same time last year and a 7-year high. At a more granular level,... Read More »

Price Cut for Permitted Development Site on Valencia

Price Cut for Permitted Development Site on Valencia

As we outlined back in the fourth quarter of 2017: While forced to be redesigned in order to minimize its projected future shadow following a semi-successful challenge initiated by the owner of Zeitgeist across the street, the contentious plans for a five-story building with 28 condos over 6,300 square... Read More »

Benchmark Mortgage Rate Hits a 3-Year Low

Benchmark Mortgage Rate Hits a 3-Year Low

Having dropped another 6 basis points over the past week, the average rate for a 30-year mortgage is now down to 3.45 percent, which is 96 basis points (0.96 percentage points) below its mark at the same time last year and the lowest average rate since the fourth quarter... Read More »

Big Central SoMa Project Positioning to Break Ground Next Year

Big Central SoMa Project Positioning to Break Ground Next Year

The proposed mass redevelopment of 12 contiguous Central SoMa parcels stretching from 400 Second Street to 665 Harrison, a.k.a. the One Vassar project, has just qualified for a streamlined environmental review and could break ground as early as next year if approved, with two towers rising up to 350... Read More »

Plans for Pyramid Adjacent Redevelopment Closer to Reality

Plans for Pyramid Adjacent Redevelopment Closer to Reality

While likely drafted to sweeten the pot for Aegon’s $700 million sale of the iconic Transamerica Pyramid, Redwood Park and the two other office buildings on the block, the plans for expanding the footprint of the existing building at 545 Sansome Street, which could be extended to Washington Street... Read More »