Despite some recent misreports to the contrary, apartment rents in San Francisco have not risen 18 percent since the start of the year. The weighted average asking rent for an apartment in the city has rebounded around 10 percent from its pandemic-era low last quarter, however, including a 1... Read More »

As we outlined earlier this year: The plans for redeveloping the iconic I. Magnin/Macy’s Building on the southwest corner of Geary and Stockton, across from Union Square, have been refined and newly rendered by Handel Architects. While the top three floors of the building are still envisioned to be... Read More »

Plans to add a new Accessory Dwelling Unit (ADU) to the four-unit Noe Valley building at 1475 Church Street were drawn and approved back in mid-2018. And the completed work was then inspected and approved by a Department of Building Inspection (DBI) inspector in March of 2019. Following the... Read More »

In exchange for the additional height and density afforded by San Francisco’s Central SoMa Plan, new office developments in the area are required to incorporate ground floor Privately‐Owned Public Open Spaces (POPOS) which are easily accessible, including on weekends and evenings, and “open to the sky.” And with that... Read More »

Having been on hold over the past few years, the refined plans for a modern six-story temple to rise on the American Buddhist Cultural Society’s office and bookstore building parcel at 1750 Van Ness Avenue could be approved next week. In addition to a main shrine hall and meditation... Read More »

Purchased for $1.945 million in April of 2018, the two-bedroom, two-bath unit #27B in the Lumina tower at 201 Folsom Street, which “exemplifies urban luxury,” with high-end finishes and city views, returned to the market listed for $2.099 million in February of 2019. Subsequently reduced to $1.999 million while... Read More »

Having ticked up 2.6 percent in May, 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 another 2.6 percent in June and is now up 21.9 percent on a year-over-year... Read More »

In the works since mid-2015, as we first reported at the time, San Francisco’s Planning Commission approved the bonus-sized plans for a modern 8-story building to rise up to 83 feet on the historic Grubstake site last month, a site which is principally zoned for development up to 65... Read More »

Having dropped 1.9 percent in June, the National Association of Realtors Pending Home Sales Index, a seasonally adjusted index for which 100 denotes “an average level” of activity, dropped another 1.8 percent in July to 110.7 and is now down 8.5 percent on a year-over-year basis, a sharp reversal... Read More »

Plans for a 58-story tower to rise up to 575 feet in height on the South of Market parcel at 620 Folsom Street, upon which a three-story, 43-foot-tall office building currently sits, have been drafted and massed by SCB below, along with a placeholder for the approved 42-story development... Read More »