CFAH

Bonus Plans for Mission District Development Closer to Reality

Bonus Plans for Mission District Development Closer to Reality

While originally envisioned as a four-story development that would rise up to 45 feet in height on the northwest corner of 26th and Shotwell and yield 22 apartments over 6,600 square feet of ground floor commercial space on the B&W Automotive Service Center site, a density bonus for the... Read More »

Asking Rents in Oakland Tick Up, Nearing Pre-Covid Rates

Asking Rents in Oakland Tick Up, Nearing Pre-Covid Rates

While the weighted average asking rent for an apartment in San Francisco dropped 3 percent in November, the average asking rent in Oakland ticked up ticked up a little over 2 percent to $2,625 per month, which is 8 percent higher than at the same time last year and... Read More »

Delay for Campus Redevelopment, as Dictated, Formally Sought

Delay for Campus Redevelopment, as Dictated, Formally Sought

While building permits for the approved redevelopment of CPMC’s nearly 5-acre California Hospital Campus at 3700 California Street were in the works, and TMG Partners had been positioning to break ground and complete the 264-unit, high-end project around 2024, as “dictated by market conditions,” the ground has yet to... Read More »

Single-Family Home Inventory Is Building Up

While the number of homes listed for sale in San Francisco ticked down 7 percent in the absolute over the past week with typical seasonality in play, there are still 40 percent more homes on the market than there were at the same time last year, with 30 percent... Read More »

Entitlement for Van Ness Redevelopment Sought, But…

Entitlement for Van Ness Redevelopment Sought, But…

As we outlined last year, plans to redevelop the 5-story building on the northwest corner of Van Ness and Pacific Avenues were on the boards, plans which would have converted the building from a collective of office suites into 32 residential condos, with 4,250 square feet of ground floor... Read More »

Homebuyer Sentiment Remains Low Despite Drop in Rates

Homebuyer Sentiment Remains Low Despite Drop in Rates

As expected, the average rate for a benchmark 30-year mortgage dropped another 16 basis points (0.16 percentage points) over the past week to 6.33 percent but remains over twice as high as it was at the same time last year and 139 percent higher than last year’s all-time low... Read More »

Refined Plans for Modern Urban Village Closer to Reality

Refined Plans for Modern Urban Village Closer to Reality

As designed by PYATOK Architects for the Friendship House Association of American Indians, a modern six-story building dubbed the “Village SF” is proposed to rise up to 79 feet in height on the mostly vacant lot adjacent to the existing Friendship House building at 56 Julian Avenue in the... Read More »

Waylaid Mission District Development Back on the Boards

Waylaid Mission District Development Back on the Boards

Having been undermined by advocates back in 2016, Lennar’s approved plans for a 157-unit development to rise up to six stories in height at 1515 South Van Ness Avenue, on the shuttered McMillan Electric Company building and parking lot site, were appealed and waylaid. Subsequently acquired by the City... Read More »

Demand Drops in “Rapidly Cooling Home-Price Environment”

With the average loan size on applications to purchase a home across the nation having dropped to a two-year low, which, in the euphemistic words of the Mortgage Bankers Association, is consistent with “a rapidly cooling home-price environment,” the seasonally adjusted volume of applications to secure a purchase mortgage... Read More »

Rents in San Francisco Drop, Availability Up

Rents in San Francisco Drop, Availability Up

Having ticked down a percent in October, the weighted average asking rent for an apartment in San Francisco has since dropped another 3 percent to $3,575 per month and has declined for three months in a row with what would appear to be typical seasonality back in play, at... Read More »