The formal application to move forward with the redevelopment of the Central SoMa parking lot parcel at 160 Freelon Street, a 12,800-square-foot parcel which sits behind the approved neighborhood changing development to rise at 598 Brannan and is slated to be deeded to the City to fulfill the affordable housing requirement associated with the larger […more]
Consumer prices in August rose slightly from July, all but ensuring the Federal Reserve will hike interest rates aggressively at its upcoming September meeting to tamp down inflation. Despite decreases in the indexes for airline fares, communication, and used cars and trucks, the Consumer Price Index (CPI) rose 0.1% from the month in August, after […more]
The latest CPI number is out today, and the over-reaction will put more pressure on mortgage rates. They are probably going to be around the 6% range for the foreseeable future. Let’s predict the NSDCC monthly sales count for the rest of the year. Today, we have 411 active listings, and we are back to […more]
Lending standards tightened in August amid a worsening economic outlook and signs of cooling in home-price growth. The mortgage credit availability index (MCAI) fell marginally by 0.5% to 108.3 in August from the previous month, according to the Mortgage Bankers Association (MBA). A decline in MCAI, benchmarked to 100 in March 2012, indicates that lending […more]
KBRA Analytics, an affiliate of Kroll Bond Rating Agency (KBRA), has acquired digital-information service Direct Lending Deals, which offers investors and loan originators coverage of deal data, news and analysis in the direct-lending sector. The acquisition will allow KBRA Analytics to offer its customers insights into the fast-growing $1 trillion direct-lending sector. DLD provides analysis, data insights, news and industry […more]
Elizabeth Weintraub, Sacramento Real Estate Agent. This morning I have to ask my silly self why am I responding to emails when I should be searching the web for information on a painful stubbed toe, which I may have fractured by tripping over my hand weights. It was so painful that I had a hard […more]
A wealthy homeowner sectioned off public land with a fence. The state wants the barrier removed and the space opened to the public.
Renovation work is ramping up on 125 Barclay Street, a ten-story commercial building in Tribeca. Originally constructed in 1932 as the World Telegram Building, the 280,000-square-foot structure is undergoing an overhaul that involves the replacement of the brick envelope with a modern glass curtain wall, the full gutting of the interiors and restoration of the […more]
Façade installation is progressing on the Warren Street Hotel, an 11-story building at 86 Warren Street in Tribeca. Designed by Stonehill Taylor and developed by Solil Management, the 44,000-square-foot structure will yield 70 guest rooms operated by Firmdale Hotels as well as a restaurant, a drawing room, an orangery, a bar, and a private event space. Pavarini McGovern is […more]
Façade installation is now complete on Zero Irving, a 21-story mixed-use building at 124 East 14th Street in Union Square. Designed by Davis Brody Bond and developed in partnership by RAL Development Services and Junius Real Estate Partners, the 176,000-square-foot structure will yield affordable and market-rate office space for technology firms as well as a three-floor education […more]