Re-Approved Development in Play, Save Its Penthouse Unit

Re-Approved Development in Play, Save Its Penthouse Unit

Purchased for $2.75 million in 2005 with approved plans for a 13-story, 41-unit residential building to rise on the site, the two-story commercial building which had occupied the 7,000-square-foot parcel at 651 Geary Street was effectively lost to foreclosure in 2010, subsequently condemned and then demolished in late 2013.... Read More »

Dilapidated Postcard Row Victorian Trades for $3.55 Million

Dilapidated Postcard Row Victorian Trades for $3.55 Million

The seven Victorian homes on the 700 block of Steiner Street, a number of which were nearly demolished in the 1970s, were developed by Matthew Kavanaugh between 1892 and 1896 and are now recognized the wold over as San Francisco’s iconic Postcard Row. While one of the most photographed... Read More »

Mortgage Rates Continue to Drop, Odds of Another Easing Jump

Mortgage Rates Continue to Drop, Odds of Another Easing Jump

The average rate for a 30-year mortgage dropped another 9 basis points over the past week to 3.51 percent, which is 95 basis points (0.95 percentage points) below its mark at the same time last year, the lowest average rate in five months, and within 11 basis points of... Read More »

Plan to Transform Burgeoning Area Positioned for Adoption

Plan to Transform Burgeoning Area Positioned for Adoption

The proposed framework for rezoning San Francisco’s 84-acre Hub District, a burgeoning area which is effectively centered around the intersection of Van Ness and Market, within the City’s Market and Octavia Plan Area, has been further refined and is being positioned for adoption by San Francisco’s Planning Commission this... Read More »

Pending Home Sales Activity in the U.S. Drops

Pending Home Sales Activity in the U.S. Drops

While the pace of home sales across the U.S. ended the year up, with contract activity having ticked up 1.2 percent in November, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, suddenly dropped 4.9 percent... Read More »

Refined Plans for Building up (On) Geary Boulevard

Refined Plans for Building up (On) Geary Boulevard

As we first outlined last year, plans to level the now shuttered Firestone Complete Auto Care shop at 2800 Geary Boulevard and build a bonus-sized development on its Laurel Heights/Lone Mountain parcel are in the works. And as newly rendered by Elevation Architects below, the refined plans for the... Read More »

Index For Bay Area Home Values Ekes Out A Gain

Index For Bay Area Home Values Ekes Out A Gain

Having dropped a total of 1.5 percent from July through October, 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 November and is now running 0.5 percent... Read More »

Change of Plans for Development to Transform Tenderloin Block

Change of Plans for Development to Transform Tenderloin Block

As we first revealed last year: Plans to redevelop the Tenderloin parcel upon which the columned Fifth Church of Christ, Scientist sits at 450 O’Farrell Street were approved , with designs for a new 13-story, mixed-use building to rise behind the church’s existing façade, and around... Read More »

Historic Mission District Garage Back in Play

Historic Mission District Garage Back in Play

As referenced by a plugged-in reader, the Spanish Infusion School, which was formerly known as Marin Prep, has formally abandoned its plans to convert the “Superior” Mission District garage at 3140-3150 16th Street into a private elementary school. According to a representative for the project, “the reality of the... Read More »

Pace of New Home Sales in the U.S. Ended 2019 Up

Pace of New Home Sales in the U.S. Ended 2019 Up

Having ticked down a percent in November, the pace of new single-family home sales in the U.S. slipped 0.4 percent in December to a seasonally adjusted annual rate of 694,000 sales but ended the year at a pace of sales which was 23 percent higher than at the end... Read More »