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San Francisco, CA Real Estate News

By Gregory "NNN" Garver, (323) 696 1031, Net Lease Broker
(NNN Brokers USA Commercial Real Estate)
http://blog.gregorygarver.com/Active Rain is for sale to the highest bidder... imagine the income potential?!  http://blog.gregorygarver.com Also Wayne Miller raised a good point, do we own shares in this deal?  What about all our content, etc...  I'm guessing it depends on the wording of whatever we had to agree to when we registered our accounts on here?  I didn't read it closely enough unfortunately.  Maybe our Scores will really start to equal $$$.  Would be nice if anyone knows.
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By Gregory "NNN" Garver, (323) 696 1031, Net Lease Broker
(NNN Brokers USA Commercial Real Estate)
Come on, anyone else spot something? 10/26/2007 01:24 PM Perplexed In Parkside: 2162 25th Ave2162 25th Ave, in the Parkside neighborhood within the Sunset, is a 5 bed, 3 bath, 2,800 square-foot house. The ample pictures provided on MLS make it seem quite fetching and give credence to claims of granite kitchen with stainless steel appliances, hardwood flooring, and remodeled bathrooms. At $1,099,000 asking, we understand that it's cost-prohibitive to many- but at $392/sq. ft.? That's value rarely seen here in San Francisco.So, it seems picture-perfect in many ways, yet it's been on the market for more than 140 days! Why? It seems the owners spent many a happy year there as the last sale was in Nov. 0f '92 (for $260,000). Seriously- what could it be? That crack in the driveway? If any of ...
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By Gregory "NNN" Garver, (323) 696 1031, Net Lease Broker
(NNN Brokers USA Commercial Real Estate)
 The Millenium in San Francisco, definitely worth a look...10/26/2007 01:55 PM Floor Plan Porn Plus: The MilleniumThanks to Garrett Goldman and the gang at the newly-launched San Francisco Schtuff for directing us to these newly released renderingsof The Millennium, one of San Francisco's new mega-developments. We can only imagine how visually and spatially overwhelming this lobby will be. (Click here for a larger look). Note the art gallery, two separate lobbies, and impressive retail and restaurant spaces, for starters. See model and interior after the jump. [Keep Out Ruffians: the owner's lounge][club level floor plan]· Millennium Tower[San Francisco Schtuff]· The Millennium [website]
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By Gregory "NNN" Garver, (323) 696 1031, Net Lease Broker
(NNN Brokers USA Commercial Real Estate)
10/27/2007 11:12 AM Open House Report: "Zoned Commercial" at 32 Heron Street, SoMaLegal deviant-types may want to take a gander at 32 Heron Street tomorrow (Sunday) from 2 to 4 p.m. This 2,760 square foot, 2 bedroom, 1 bath SoMa loft with a 2 car garage is on the block for $1,495,000 asking. Designer kitchen, hardwood floors, skylights. An open, brick-and-timber floor plan. Two cars' worth of covered parking. At only $541/per? Oh, right: 32 Heron Street is zoned "commercial" even though it is advertised as having the possibility for residential "upgrade." Upgrade to what? We only see a need for new furniture and perhaps a partition or two. Additional permits- why bother? (Wink, wink. Nudge.)· 32 Heron Street [Urban Bay Properties]   http://www.gregorygarver.comhttp://www.san-francisco-m...
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By Gregory "NNN" Garver, (323) 696 1031, Net Lease Broker
(NNN Brokers USA Commercial Real Estate)
October 27, 2007Buying a Foreclosed PropertyLocate properties scheduled for foreclosure sales by checking classified newspaper ads for listings under Foreclosure Notices, Auction Sales or Sheriff's Sales. Notify local real estate agents and attorneys that you're interested in purchasing foreclosed properties. Check with local lending institutions and government agencies - such as the Federal Housing Administration, Veterans Administration or Department of Housing and Urban Development - about foreclosed properties in your area. Investigate foreclosure proceedings in your state. Inspect the foreclosed property to determine its condition and market value; obtain sales prices of comparable properties in the area from a local real estate agent. Determine ownership, identify potential proble...
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By Garrett Goldman
(Home San Francisco)
 301 Mission Street between Fremont and Beale Streets is the future home of the 60 story crystalline sculpture designed by architect Glen Rescalvo of acclaimed Handel Architects, called Millennium Towers. According to the “broker” email that was sent out, “three distinct living spaces have been created to appeal to different personalities. ” There will be private lobbies, art collections and a 24-hour concierge staff.    Millennium Tower [SanFranciscoSchtuff.com]Floor Plan Porn Plus: The Millennium [CurbedSF]Millennium Towers [website} 
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By Garrett Goldman
(Home San Francisco)
Warm sunny weekends late in October is one reason we live in sF. Get outside, take a walk and check out some open houses. If you’d like a more complete list of a particular neighborhood, just send an email: SanFranciscoSchtuff@gmail.com Ashbury Heights: 2:00-4:00pm 4924 17th Street: $3.6mm Bernal Heights: 2:00-4:00pm 127 Putnam Street: $799K Cole Valley: 2:00-4:00pm 74 Parnassus Ave.: $949K Dolores Heights: 2:00-4:00pm 550 Hill St: $949K Excelsior: 2:00-4:00pm 79 Maynard St: $799K Financial District: 2:00-4:00pm 333 Grant Ave #703: $859K Glen Park: 1:00-4:00pm 55 Laidley St.: $699K H is for Hip-Hop Hip Hop Classics from our peeps at DeaconBrews.com Ingleside Terrace: 1:00-4:00PM 158 Howth St.: $750K J (as in 9J) Central Waterfront: 2:00-4:00pm 1207 Indiana St.: $749K Forest Knolls: 1:0...
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By Keith Rockmael
(Intero Real Estate Services)
Those of you who think we have it bad with the tap water here in San Francisco might think twice after attending one of the more thought provoking sessions at the 2007 BSR (Business for Social Responsibility) Conference here in San Francisco. The panel of John Frazier, Director of Considered Chemistry and Environment for Nike; Pascale Guiffant with the SUEZ company; and Chris Jochnick director at Oxfam, led the environmental session "Green Human Rights: Do Water and Climate Count?" and brought about Paul Hawken-esque issues about water rights tied with human rights.Oil seems to be on everyone's mind but good old H2O might be more of a future issue. Even those waiting for the ice caps to melt might think twice when seeing how much corporations pollute that water. The panel tied together ...
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By Garrett Goldman
(Home San Francisco)
Condominiums       District 1 Sep-06 Sep-07 Number of Sales 5 7 Median Selling Price 575,000 700,000 Average DOM 74 50       District 2 Sep-06 Sep-07 Number of Sales 1 2 Median Selling Price 949,000 703,500 Average DOM 39 57       District 3 Sep-06 Sep-07 Number of Sales 3 3 Median Selling Price 569,000 517,000 Average DOM 61 40       District 4 Sep-06 Sep-07 Number of Sales 5 3 Median Selling Price 580,000 411,000 Average DOM 44 38       District 5 Sep-06 Sep-07 Number of Sales 38 21 Median Selling Price 775,775 936,000 Average DOM 47 27       District 6 Sep-06 Sep-07 Number of Sales 14 16 Median Selling Price 667,000 752,500 Average DOM 50 45       District 7 Sep-06 Sep-07 Number of Sales 20 19 Median Selling Price 907,500 1,261,000 Average DOM 38 33       District 8 Sep-06 Sep-07 Num...
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By Garrett Goldman
(Home San Francisco)
 This week’s Schtuff’s Favorites goes to the best places to have sex outdoors, but within sF city limits. The unofficial, non-SanFranciscoSchtuff.com sanctioned poll has been returned. The top four places to have sex outdoors within sF city limits are: 1. Dolores Park Playground 2. Lyon Street Steps 3. Top of Twin Peaks 4. Golden Gate Park Do our readers have any places to add?Schtuff's Favorites: Sex in San Francisco [SanFranciscoSchtuff.com]
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By Garrett Goldman
(Home San Francisco)
We at San Francisco Schtuff would like to pay our respects to Vincent DeDomenico, the co-founder of Rice-A-Roni. Rice-A-Roni has been a supper-time staple for years. DeDomenico died Thursday with his wife, Mildred, by his side. Growing up, my mom, despite working hard all day as a school teacher, would come home and cook for her family of five. Rice-A-Roni was a side dish the whole family enjoyed that didn’t take a lot of effort for her to prepare. Mr. DeDomenico, like the jingle that is synonymous with his product, was truly A San Francisco Treat. R.I.P. Vincent DeDomenico Vincent DeDomenica dies- invented Rice-A-Roni, built wine train [sfgate]Mourning the Loss of a San Francisco Culinary Hero [SanFranciscoSchtuff.com]  
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By Spiro Hishmeh
(Premier Lending Inc.)
 By Spiro Hishmeh, CEOAlexander and McCabe Financial  San Francisco, Ca - Subprime mortgages have now been credited for bankrupting well over 110 lenders and seriously damaging operations at many major mortgage firms. They've reportedly wiped out 5 hedge funds, tens of thousands of jobs, and have led to millions of foreclosures with millions more on the way. And, as if that weren't enough, subprime mortgages are also blamed for massive volatility in the stock, bond, credit, futures, and real estate markets here in the US and around the globe. Some say losses in the mortgage securities market alone could reach hundreds of billions of dollars this year. This means that, for any Americans looking to buy, sell, or refinance a home, they are confronting a very different market from the one t...
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By Garrett Goldman
(Home San Francisco)
The chronicle reported that Bay Area rents are up. That’s no surprise to folks that cannot afford to buy, but have been looking for a place to call home in sF. There seem to be a few explainations for the high rents and low occupancy numbers. 1. Bay Area companies are continuing to hire employees at a fast pace 2. People are losing their homes due to foreclosure or 3. People are waiting for the housing bubble to completely deflate 4. Lending practices have tightened, keeping more people from purchasing Some Stats: 1. Current occupancy rates hover around 95 percent, according to a quarterly rental survey by RealFacts. 2. Average rent for an apartment in San Francisco stood at $2,243 in the third quarter, up nearly 12 percent from one year ago; in San Jose, the average rent also jumped 12...
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By Garrett Goldman
(Home San Francisco)
  It’s supposed to be a beautiful Sunday, so enjoy the sunshine and check out the ABC’s of open houses. If you’d like a more complete list of a particular neighborhood, I’d be happy to provide one–just send an email: SanFranciscoSchtuff@gmail.com Anza Vista: 2:00-4:00pm 1800 Turk Street Bernal Heights: 2:00-4:00pm 146 Faith Street Cole Valley: 2:00-4:00pm 74 Parnassus Ave Dolores Heights: 2:00-4:00pm 52 Sharon Street Excelsior: 2:00-4:00pm 141 Trumball Strett Financial District: 2:00-4:00pm 170 Pacific Ave. #19 Glen Park: 2:00-4:00pm 203 Fairmount St. Hunters Point Nothing is open this weekend, play on the T-Third Ingleside Terrace: 1:00-4:00PM 9 De Soto Street J (as in 9J) Central Waterfront: 2:00-4:00pm 1099 23rd #8 Forest Knolls: 2:00-4:00pm 301 Christopher Drive Laurel Heights: 2:00...
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By Scott Dovala, Santa Rosa Mortgage and Home Loans
(Ascent Home Loans)
With all the newspapers, TV News and stories on the internet in regards to what's going on in mortgage industry, sometime it might be a little scary to even think about getting a loan.  Loan programs have changed or have been entirely discontinued, everyone has heard about the sub-prime problems, in fact you may have a sub-prime loan right now as you're reading this. Mortgage companies all across the US have closed their doors. Actually, things are not as bad as they seem. There are still plenty of loan programs available to current homeowners, investors and first-time buyers. Despite what the news reports have been implying, there are actual senior loan officer's across the US, including myself,  who are reputable and are willing to take the time to talk to their clients and help them ...
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By Keith Rockmael
(Intero Real Estate Services)
Anyone who's seen the Poseidon Adventure films (hopefully the 70s version) will realize that it isn't smart to wait to the last minute to change direction. That goes double for the old energy bill. It doesn't take Al Gore to know that local energy rates will soon climb here in the Bay Area. Even non-sustainable business owners can take advantage of a Green boatload of benefits that they might not know even existed. Businesses that sign up though San Francisco Community Power receive notifications during grid emergency days in California. Participants help the state reduce greenhouse gas emissions and rolling blackouts. If saving the earth isn’t incentive enough then how about benefits that include getting paid $40 for every kW reduced, a free digital utility meter upgrade from PG&E (va...
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By Garrett Goldman
(Home San Francisco)
55 Laidley Street is the most expensive house price per square foot in all the land of Glen Park (and quite possibly all the land in district 5), but perhaps that’s because the buyers will save a little money on their electricity bill with those solar panels and small living space (according to the tax records, this home is 520 square feet). This listing fascinates me for several reasons: 1. It’s a good deal of money for a very small house 2. It’s being listed by an “online” company (redfin) 3. This home was on the market for the exact price in May ‘07 and was never sold (withdrawn) I’ll be sure to report back with further details 55 Laidley Street [home san francisco] *photo from MLS and the property is listed by Redfin Real Estate
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By Garrett Goldman
(Home San Francisco)
We have a lot of good year-over-year data that we’ve been compiling separated by property type. We’re hoping to organize it in a manner that doesn’t hurt your head and present it over the next few days. Good times for all you crazy stat lovers (we know you’re out there). In the meantime, feast your eyes on the sales stats for Single Family Homes in San Francisco’s districts 1-10 as provided by the San Francisco Association of Realtors. Don’t be shy–we want to hear your thoughts, forecasts, questions and real estate bubble sh*t. Single-Family Homes         District 1 Sep-06 Sep-07 Number of Sales 18 19 Median Selling Price 1,150,000 1,075,000 Average DOM 33 29       District 2 Sep-06 Sep-07 Number of Sales 49 23 Median Selling Price 811,000 845,000 Average DOM 36 39       District 3 Sep-...
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By Garrett Goldman
(Home San Francisco)
 2515 Scott Street, also known as “The Tubbs Mansion,” is the latest $19mm+ listing to hit the market in Pacific Heights. The home is beautiful, huge and confusing as hell! The “unorthodox” floor plan had me curious. According to the property details, the home was used as a multi-unit rental with an annual gross income of $126K per year, just a few years back. This property was listed back in 1999 for $3mm. It sold in 1999 for $3mm after sitting on the market for 183 days. The current state of the home is a bit confusing because it is difficult to tell which room is which and where one room ends and the next begins. It is a maze of decadence. Shiny elevator, extreme privacy, rich mahogany and many leather bound books… I was handed a 15 page property statement with floor plans, details ...
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By Gregory "NNN" Garver, (323) 696 1031, Net Lease Broker
(NNN Brokers USA Commercial Real Estate)
Prices have continuted to soften even in the most upscale markets.  Are we going to continue to see a decline in closing prices or could this be an opportunity to pick up property at a discount?  What do you guys think? A Case Of Premature Reduction At 1751 Beach In The Marina?   Perhaps it's simply a case of premature reduction. (And yes, we're sure that's never happened before.) Regardless, after three weeks on the market the list price for 1751 Beach Street was reduced from $1,595,000 to $1,445,000.We'll note that this 1,440 square foot condo in the Marina last changed hands two years ago (9/30/2005) at a contract price of $1,400,000. A sale at the original list price would have represented annual appreciation of 6.6% over the past two years. A sale at the reduced list price would re...
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