Hayes Valley Penthouse Trades for Over 30 Percent Less
As we outlined last month: Positioned as part of “The Penthouse Collection at 8 Octavia,” the modern two-bedroom, two-bathroom unit PH-2 atop the Hayes Valley development sold for $1.5 million…
Breaking News
East Bay
Industry Stuff
Marin (And Points North)
Real Estate Economics
San Jose (And South)
Trends
Bay Area Employment Atypically Drops, Trending Down
While the number of people living in San Francisco with a paycheck typically ticks up in both October and November, driven by seasonal hiring for the holidays, net employment actually…
Supersized Western SoMa Infill Development on the Boards
Acquired for $3.25 million last year, plans for a supersized 9-story building to rise on the Western SoMA parking lot parcel on the southwest corner of Folsom and 10th Street,…
Reductions, Rent and a Harsh Reality Part Two
As we outlined back in October: Purchased for $1.650 million in July of 2016, the 1,366-square-foot, two-bedroom unit #7E in the Lumina tower at 201 Folsom Street, an interior facing…
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…
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…
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…
Industry Stuff
Listings (for sale)
New Developments
Real Estate Economics
RealRecentReductions
Trends
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…
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…
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…