Individual TIC loans coming soon?

An article in the San Francisco Business Times (dated July 22nd) discusses some advances in the TIC loan market, and some of the efforts by tenant activists to stop lenders from making it any easier to get into a TIC. This is something that has been coming for quite a while, and appears to be imminent. It just remains to be seen what, if anything, the Tenant’s Union and/or the Board of Supervisors can do to prevent what seems inevitable.

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Home Depot approved by SF Planning Commission

Ouch. This is not what I hoped to be discussing in my first week of posting this blog… Just when you think that San Francisco has found a way to keep the community-ruining big box stores out of our neighborhood-friendly city, the Planning Commission has approved the plan four votes to two as reported today by SF Gate. The site is just at the bottom of Cortland Street in South Bernal Heights, right on Bayshore Blvd., and right off of

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Real Estate Gems Abound During Late Peak-Season Sales

Robert Bruss writes a good piece about how there are deals to be had after the Spring and early-Summer crush. I agree with this wholeheartedly, although I also think that August will provide very low inventory in San Francisco (when many of the agents go on vacation) leaving sellers with a distinct advantage. For some reason, buyers don’t have the same vacation schedules as their agents… Buyers will likely see the inventory flood back into the market on the Tuesday

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Stats for July 12th-26th

For the two weeks between July 12th and 26th, the San Francisco market saw a total of 240 residential sales (single family homes, condos, TICs, 2-4 unit buildings). Of this, we see the following: 193 properties sold over their asking price21 sold at asking price26 sold under asking price As you will see over time, this is very common for the San Francisco market, regardless of what might be printed in the press lately. As you might deduce, this comes

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Two SF Neighborhoods elect to tax themselves

This is a great idea, IMHO… Two neighborhoods, Fisherman’s Wharf and Mission Street between 21st and 22nd Streets, have decided to tax themselves (via taxes to businesses) for basic upkeep and neighborhood services. The San Francisco Business Times has a great story on this. They also note a few other neighborhoods that appear to be headed in the same direction. When city funds fail, the neighborhoods might need to help take care of themselves…

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