News from the Heart & Soul of San Francisco
REAL ESTATE | NINA HATVANY There are many myths about the San Francisco real estate market — many of them not true. MYTH #1: Homes are still going for 10 to 15 percent above asking in bidding wars. The truth is, the competition for San Francisco condominiums and homes has drastically slowed down as inventory…
REAL ESTATE | PATRICK BARBER A PAIR OF recent home sales, both on Washington Street, highlight the fact that buyers are willing to sacrifice extra square footage for a highly walkable location. The single-family homes at 2561 Washington Street and 3990 Washington Street each sold for $9.1 million during the second week of September. Though…
REAL ESTATE | PATRICK BARBER Single-family home sales in the neighborhood reached a decade low during the last month, with only one single-family home selling in Pacific Heights, Lower Pacific Heights, Presidio Heights and Cow Hollow from mid-June to mid-July. The summer months are traditionally the slowest time for real estate activity in San Francisco.…
UNITY CHURCH has entered into a contract to sell its longtime home in the Victorian building at 2222 Bush Street — reportedly to a marijuana retailer — if the church can find a new location within the next year that is near mass transit lines and better-suited to its needs. Church members voted earlier to…
CITY ATTORNEY Dennis Herrera filed suit this morning against developer Michael E. Johnson — who built the Fillmore Heritage Center — for more than $6.5 million the city claims Johnson owes for a loan that helped build the complex. “The years of excuses are over. Time’s up,” Herrera said in a statement announcing the lawsuit.…
CONTRARY TO EARLIER PLANS, California Pacific Medical Center now says it will scale back its operations in the neighborhood when a new state-of-the-art hospital opens next year on Van Ness Avenue. Patients are expected to move into the new hospital in early March. The current hospital will then concentrate on ambulatory care for patients who…
A PROPOSAL TO tear down the historic St. Dominic’s School and replace it with a modern new pastoral center over a 59-car below-grade parking garage got a chilly reception from the Planning Commission on May 24. The project came before the Planning Commission with a recommendation from its staff that the proposal be rejected as…
By SUSAN SWARD On a Friday in April of 1972, Charlotte Maeck got a purple postcard in the mail at her Pacific Heights residence that she initially thought was a hosiery advertisement from the I. Magnin department store. On closer look, she saw it was a city announcement of a hearing the following Tuesday on…
REAL ESTATE | PATRICK BARBER Continuously tight supplies and robust buyer demand have pushed up real estate prices in San Francisco’s most desirable neighborhoods over the past few years, making properties that sell for less than $1 million an endangered species. Between mid-February and mid-March, 19 condominiums changed hands in Lower Pacific Heights, Pacific Heights,…
REAL ESTATE | PATRICK BARBER In the dwindling days of December, an historic Presidio Heights Tudor sold for the first time — ever — making it the biggest single-family home sale of 2017 in San Francisco. The home at 3500 Jackson Street, known as the Roos House, sold for $11 million, down from its original…