Waylaid RFP for Temporary Terminal Site About to Be Released

Waylaid RFP for Temporary Terminal Site About to Be Released

Waylaid by the emergency closure and required fix of San Francisco’s new Salesforce/Transbay Transit Center, a refined request for proposals (RFP) to build around 250 units of below market rate (BMR) rental housing on the southern third of the shuttered Temporary Terminal Site, a nearly 43,000-square-foot site bounded by... Read More »

Another Prominent Gas Station Site in Play, But…

Another Prominent Gas Station Site in Play, But…

With building permits for the approved six-story, 186-unit development to rise on the Divisadero Touchless Carwash site next door having been requested and triaged, the 12,000-square-foot ARCO station site on the southeast corner of Divisadero and Fell is now on the market with a $8.75 million price tag. But... Read More »

Most Homes on the Market in San Francisco in Nine Years

Most Homes on the Market in San Francisco in Nine Years

While the number of homes newly listed for sale in San Francisco having outpaced the number of purchase contracts that were inked for the ninth week in a row, there are now 1,050 homes listed for sale across the city. That’s not only a 9-year seasonal high but a... Read More »

Complimentary Rent on the Rise in San Francisco

As we highlighted last month: Having already started to slip earlier this year, prior to the COVID-19 hit, the weighted average asking rent for an apartment in San Francisco has dropped around 4 percent since the end of February to $3,950 a month, which is down over 7 percent... Read More »

Appreciation for a Large Bernal Heights Home

Appreciation for a Large Bernal Heights Home

As we outlined early last month: Having very briefly held the title of the most expensive reported home sale in the history of Bernal Heights when it sold for $2,310,000 back in the first quarter of 2015, the contemporary four-level, 3,015-square-foot home at 152 Elsie Street – which features... Read More »

Number of Homes in Contract in S.F. Nearly Even YOY, But…

With purchase activity having started to rebound last month, the number of homes in contract to be sold across San Francisco is now back to within 5 percent of its mark at the same time last year. That being said, the pace of sales has been down an average... Read More »

Modified Plans for Condoless Hotel Tower Closer to Reality

Modified Plans for Condoless Hotel Tower Closer to Reality

While plans for a luxury hotel and condo tower designed by Renzo Piano Building Workshop and Mark Cavagnero Associates were previously approved and permitted to rise up to 405-feet in height at 555 Howard Street, the 69 condos which were to top the development have since been eliminated from... Read More »

Creative Plans for Building(s) up in Central SoMa

Creative Plans for Building(s) up in Central SoMa

Plans to raze the through-block building at 470-474 Bryant Street, along with the adjacent, but much smaller, modern-looking building at 482 Bryant, are in the works. And as proposed by Aralon Properties, the property lines for the two parcels would then be redrawn to allow for two slightly offset,... Read More »

Benchmark Mortgage Rate Inches Up, No Hikes on the Horizon

Benchmark Mortgage Rate Inches Up, No Hikes on the Horizon

Having dropped to an all-time low of 3.15 percent two weeks ago, the average rate for a benchmark 30-year mortgage has since inched up 6 basis points (0.06 percentage points) to 3.21 percent but remains 61 basis points below its mark at the same time last year and nearly... Read More »

Moratorium on Pandemic Related Evictions Made Permanent

The temporary moratorium on the eviction of tenants in San Francisco for the non-payment of rent from April through July, if formally documented as being due to the COVID-19 pandemic, has effectively been made permanent by San Francisco’s Board of Supervisors. While the ordinance does not forgive any past... Read More »