News from the Heart & Soul of San Francisco
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…
A PLAN TO upscale the landmark Lane Medical Library at Sacramento and Webster into 24 condominiums — which so far has found smooth sailing through the city’s planning apparatus — has run into a roadblock. It is being appealed to the Board of Supervisors, with a hearing scheduled on February 6. After serving as a…
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.…