Mortgage Rates Slip, Odds of a Rate Hike Hits 100 Percent
The average rate for a benchmark 30-year mortgage slipped 4 basis points over the past two weeks to 3.90 percent, which is 33 basis points above the 3.57 percent rate…
Building Up Berkeley: Five Steel-Skinned Stories as Proposed
Plans to level the former Northwest Berkeley service station turned abandoned tax office at 1740 San Pablo Avenue are in the works. And as proposed, a five-story building with 48…
Contentious Development on the Market Touting Opposed Luxury
While opposed by the Mission Economic Development Agency (MEDA), which raised concerns that the “luxurious project comprised of large, high-end units would be occupied by wealthy residents that will negatively…
Approved Plans for Modern Mansion Rankles its Neighbors
Purchased as a meticulously maintained Sea Cliff home for $3.15 million in March of 2012, plans to raze the 3,835-square-foot house at 255 Sea Cliff Avenue soon emerged as did…
Impact of Another Mega-Development about to Be Assessed
With the adjacent Pier 70 project having been approved, the preparation of the required Environmental Impact Report (EIR) for the even larger Potrero Power Plant site project, the preliminary plans…
Mid-Market Hotel Closer to Reality and Planning Has a Concern
Having received an exemption from having to complete a resource intensive environmental impact report, and with some confusion as to the historic merits of the existing, versus previous, Kaplan’s Surplus…
Big Development Prevails but Battle Isn’t Over
Approved by San Francisco’s Planning Commission last year, the 395-unit development designed to rise up to six stories in height at 16th and Mississippi, and up to four stories along…
Boutique SoMa ‘Penthouse’ Fails to Fetch 2015 Price
Purchased for $975,000 in March of 2015 when listed for $895,000, touting an “excellent SoMa location in close proximity to uber techie Mid-Market, and across street from soon to come…
Bay Area Home Sales Take a Hit, Down over 30 Percent in SF
The number of single-family homes and condos that traded hands across the greater Bay Area in September dropped an above average 13.6 percent from August (8,490) to September (7,338) and…
Luxury One-Bedroom Fetches 0.8 Percent over Late 2015 Price
Purchased for $1.25 million in December of 2015, the 941-square-foot Lumina unit #7E returned to the market priced at $1.359 million this past September, a sale at which would have…