The California Connection(s) To Tishman Speyer's Manhattan Flop
October 25th, 2009
As a plugged-in reader notes, Tishman Speyer's led 2006 investment of $5.4 billion in Manhattan's Stuyvesant Town and Peter Cooper Village continues to head south with all equity investors likely being wiped out. Amongst those equity investors, the California Public...
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Mayor Newsom Double Dips For SF General Hospital Addition
October 25th, 2009
Mayor Newsom double dipped on the ground breaking circuit this week, first for the SFPUC building on Wednesday, and yesterday for the 448,000 square foot San Francisco General Hospital addition which is scheduled to open in 2015. ∙ 525...
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Former Thirteen Million Dollar Mansions And New Comps To The South
October 25th, 2009
While a plugged-in reader reports that 200 Manzanita down in Woodside "that sold for $13.8mm back in 2000 just sold for $8mm (after trying to get more than they paid and following the market down for three years)," according to...
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One Word: Target. Okay, Four: Target At The Metreon?
October 25th, 2009
While Tavern on the Green's bankruptcy likely killed an outpost in San Francisco's Metreon Center, the San Francisco Business Times reports the center's makeover might not be the only big thing in the works: Metreon owners Westfield and Forest...
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<strike>Dark</strike> Light Passage At 1360 Montgomery: Outside And Atop
October 25th, 2009
Designed by Irvin Goldstine and built in 1937, the Art Moderne Malloch building at 1360 Montgomery played a role in Dark Passage starring Bogart and Bacall. Originally twelve apartments, the building was subsequently converted to condominiums. And while the...
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430 Main/429 Beale Development Delayed
October 25th, 2009
Approved by Planning with a 6-1 vote in May, according to a plugged-in reader the Board of Supervisors voted 10-2 10-0 in favor of an appeal of the 430 Main/429 Beale project. As such, the proposed six-story and 113-unit...
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A Potentially Bitter Apple In Lower Pacific Heights: 3016 Pine Returns
October 25th, 2009
As a reader notes, 3016 Pine Street is back on the market and is now listed for $2,350,000. On the market six months ago asking $2,595,000 before being withdrawn, purchased in July 2006 for $2,725,000. As another plugged-in reader...
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CitiApartments Is No More! Well, Sort Of...
October 25th, 2009
A plugged-in tipster reports: Just finishing up escrow on our first condo purchase and trying to get out of...CitiApartments. This morning called them and a receptionist answered "First Apartments how can I assist you?" First Apartments? I asked her, is...
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Actual San Francisco Foreclosures Up 31.6% QOQ (Down 6.8% YOY)
October 25th, 2009
Bay Area Notices of Default (NODs) in the third quarter of 2009 rose 25.2% on a year-over-year basis, up 72.0% in San Francisco proper (from 353 to 607). NOD activity in San Francisco increased 3.1% from the second to...
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Take Two To Stimulate New-Home Purchases In California
October 25th, 2009
"Last week, the California Senate passed a bill 35-1 that would provide $30 million in tax credits to about 4,000 additional new-home purchases [up to $10,000 a piece]. The bill now moves to the Assembly floor, which could take it...
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