Category: Other categories
SF Could Supply $115M for Infrastructure on Treasure Island – The Real Deal
Home construction is at a general standstill in San Francisco, but not on Treasure Island. With 1,000 homes on the island either finished, under construction or about to break ground, Mayor London Breed and Supervisor Matt Dorsey have launched legislation to hasten financing for infrastructure to support another 1,000, the San Francisco Chronicle reported. The legislation would provide $115 million for the next phase of the development, which includes 1,300 homes, 250 of which would be affordable; a 240-bed behavioral health building; restoration of three historic buildings; and two public…
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Align appears to ditch “floating cube” highrise in SF’s SoMa – The Real Deal
Plans by Align Real Estate to top a 65-story highrise with a “floating cube” over San Francisco may be stuck at the bottom of the glass. The locally based firm, led by Jason Chadorchi, appears to have paused its proposed 711-unit apartment tower at 620 Folsom Street, the San Francisco Chronicle reported. As of last fall, the city’s Planning Department has marked the SoMa development “on hold,” according to records reviewed by the newspaper. This week, planning officials couldn’t confirm the status of the project, stating they hadn’t received written…
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$1.2 Million Homes in California – The New York Times
A three-bedroom house in Glendale, a Craftsman bungalow in San Francisco and a two-bedroom condominium in a gated retirement community in Carmel. Sterling Reed Sterling Reed Sterling Reed Sterling Reed Sterling Reed Sterling Reed Sterling Reed Sterling Reed Sterling Reed Sterling Reed Glendale | $1.195 Million A 1952 house with three bedrooms and two bathrooms, on a 0.1-acre lot This recently updated house is on a sloping street in the Woodbury neighborhood, about a five-minute drive from public elementary, middle and high schools, and 10 minutes from the Americana at…
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Looking for a deal? Check out the 10 housing markets where home prices are falling the most – New York Post
Who doesn’t love a deal? Homebuyers certainly do. With home prices and mortgage rates uncomfortably high, many aspiring homebuyers are desperate to find ways to save money on what might be the largest purchase they will ever make. Nationally, home prices rose 0.3% year over year in February, to a median of $415,500, according to Realtor.com® data. But there are places where home prices are falling. Yes, you read that correctly. Homebuyers can save a pretty penny in these housing markets, which span the pricey West Coast to the more…
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Landlords say they’re dropping eviction pursuit of elderly SF tenant and other tenants following NBC Bay Area story … – NBC Bay Area
One day following an NBC Bay Area story on the possible eviction of Helen Byrne, 94, from her San Francisco apartment of eight decades, the property’s owners say they now plan to allow Byrne and the building’s other tenants to remain in their homes. “While the initial decision to purchase a rental property was made with the intention of investment, the goals for this property have since changed – with a focus on people over profits,” said Dan Mytels, the manager of the LLC that owns the property, in a…
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Landlords say they’re dropping eviction pursuit of elderly SF tenant and other tenants following NBC Bay Area story – NBC Bay Area
One day following an NBC Bay Area story on the possible eviction of Helen Byrne, 94, from her San Francisco apartment of eight decades, the property’s owners say they now plan to allow Byrne and the building’s other tenants to remain in their homes. “While the initial decision to purchase a rental property was made with the intention of investment, the goals for this property have since changed – with a focus on people over profits,” said Dan Mytels, the manager of the LLC that owns the property, in a…
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Mosser and Swig Fall Behind on Debt Tied to SF Apartments – The Real Deal
Mosser Capital and the Swig Company have fallen behind on payments for a $68 million loan tied to five apartment buildings in San Francisco, The Real Deal has learned. The firms are 30 days delinquent on debt provided by MF1 Capital and then packaged into a collateralized loan obligation, or CLO, according to data from Trepp, which cited servicer commentary. The debt is tied to 825 Post Street, 750 O’Farrell Street, 1008 Larkin Street, 839 Leavenworth Street and 72 Gough Street. Together, the properties, which were built between 1907 and…
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