A Pair of High-End Resales (Almost) Atop The Pacific

A Pair of High-End Resales (Almost) Atop The Pacific

Purchased for $4.95 million in August of 2016 and listed for $5.498 million this past January, the south-facing, 2,172-square-foot Penthouse Two, which isn’t to be confused with the Grand Penthouse Two, atop The Pacific at 2121 Webster Street, has just resold for $5.395 million, up 8.9 percent on an... Read More »

Another Corner Car Wash’s Days Are Numbered

Another Corner Car Wash’s Days Are Numbered

Shuttered last year, plans to raze the long-standing Car Wash on the southeast corner of Collins and Geary, which has occupied the site for 45-years, are in the works. And while plans for the site’s redevelopment have yet to be drawn, an architect has been engaged and the Geary... Read More »

Pending Home Sales in the U.S. Ticked Up in March, but…

Pending Home Sales in the U.S. Ticked Up in March, but…

Having dropped over 10 percent in February, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, ticked up 1.9 percent in March to 111.3, ending a six-week decline for the index which peaked at 132.8 in... Read More »

Benchmark Mortgage Rate Hovering at Just Under 3 Percent

Benchmark Mortgage Rate Hovering at Just Under 3 Percent

Having inched up 1 basis point over the past week to 2.98 percent, the average rate for a benchmark 30-year mortgage is hovering just under 3 percent for the second week in a row and running 25 basis points (0.25 percentage points) below its mark at the same time... Read More »

Design District Lab Development on the Boards

Design District Lab Development on the Boards

Plans to raze the 22-foot-tall World Gym and office building, which fronts De Haro from 15th to 16th Streets, in the design district at the base of Potrero Hill, have been drafted. As envisioned by Aralon Properties and massed below, a 5-story laboratory building would rise up to 68... Read More »

Mortgage Loan Activity Slips for Fourth Time in Five Weeks

Having ticked up last week, which ended a four-week slide, mortgage loan application volumes in the U.S. have since slipped 2 percent, according to the Mortgage Bankers Association. At a more granular level, refinancing activity inched down 1 percent and was 18 percent lower than at the same time... Read More »

No Red Flags for Amazon’s Big Project as Proposed, but…

No Red Flags for Amazon’s Big Project as Proposed, but…

Planning’s preliminary review of Amazon’s plans to build a 58-foot-tall distribution and delivery station upon the Prime Showplace Square parcel at 900 7th Street, a nearly 6-acre parcel which is bounded by 7th, Berry, De Haro, Carolina and Channel Streets, has been completed. And while the review didn’t raise... Read More »

Index for Bay Area House Values Ticks Up, Condo Index Too

Index for Bay Area House Values Ticks Up, Condo Index Too

Having inched up an upwardly revised 0.6 percent in January, 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 – ticked up 2.1 percent in February and was up 11.0 percent on a... Read More »

Pace of Home Sales Slows in S.F. But Still Elevated

With around 800 homes in contract across San Francisco, sales activity is not only up over 200 percent on a year-over-year basis, but around 60 percent higher than at the end of April in 2019, prior to the pandemic having hit. That being said, net contract activity actually slipped... Read More »

Office Vacancy Rate in the East Bay Nearing 17 Percent

Office Vacancy Rate in the East Bay Nearing 17 Percent

With the office vacancy rate in San Francisco nearing 19 percent, with nearly 16 million square feet of vacant space, the vacancy rate for office space in the East Bay, not including Walnut Creek or further east, has ticked up to 16.8 percent, with 4.3 million square feet of... Read More »