Category: Real Estate

FINALLY THERE’S A proposal to replace the shuttered Safeway grocery store on Webster Street — with more than 1,800 new units of housing. Four buildings that could reach a height of 300 feet, or 30 stories, would replace the store and parking lot, according to a preliminary application developer Align Real Estate has submitted to…

REAL ESTATE | CYNTHIA TRAINA Where have all the single-family home sales gone? In February, only one single-family home closed in Pacific Heights, Lower Pacific Heights, Presidio Heights or Cow Hollow. The 1,763-square-foot Victorian home at 1829 Scott Street sold for $2.9 million and set a record per-square-foot price south of California Street at $1,645…

THE TALK OF the neighborhood is on the front page of today’s New York Times. It’s the fallout from a lawsuit filed by Jesse Powell, the crypto pioneer and founder of Kraken. He’s suiting the residents of 2500 Steiner, the tower at the corner of Jackson and Steiner, who don’t want him as their neighbor.…

REAL ESTATE | CYNTHIA TRAINA Typical of the holiday season, there was a slowdown in sales in December. Only four single-family homes closed in the neighborhood in December, compared to seven homes in November and 12 in October. Sales ranged from $2.4 million for 2660 California, which needs significant renovations, to $8.35 million for 2610…

REAL ESTATE | CYNTHIA TRAINA The local market shifted slightly in November, down from 12 homes closed in October to seven homes closed in November. There was a small uptick in condos closed, up from 18 in October to 22 in November. Single family homes: Seven properties closed at a price range from $1,026 to…

REAL ESTATE | CYNTHIA TRAINA Cash buyers dominated local home sales in October. Of the 12 single-family home sales that closed in the neighborhood — in Pacific Heights, Lower Pacific Heights, Cow Hollow and Presidio Heights — 10 were cash purchases. Three notable fixer-upper properties changed hands: 2245 Union, zoned commercial but convertible to residential,…

REAL ESTATE | CYNTHIA TRAINA What a difference a month makes. Only three single-family homes sold in September in nearby neighborhoods — Pacific Heights, Lower Pacific Heights, Presidio Heights and Cow Hollow — compared to eight sold in August.  Reflecting the enduring appeal of living near shops and restaurants, all three homes were located within…

By NEIL MEHTA The San Francisco Standard I am, according to certain misleading reports, the mysterious evil investor buying property up and down Fillmore Street. These reports haven’t been very clear on the details of my sinister plan, but it sure does sound nefarious. I want to set the record straight. Read more: “Why I’m funding a…

REAL ESTATE | CYNTHIA TRAINA Billionaire’s Row has witnessed yet another record-breaking sale. The property at 2799 Broadway, which had been on and off the market since October 2019, with an initial asking price of $39 million, finally closed in August for just over $29 million. The new owners acquired the 11,600-square-foot home for $2,505…