Commercial property prices jumped 4.3% in September, bringing the biggest jump since Moody’s began tracking the real estate market 10 years ago in 2000. The increase was driven by lots of deals that involved high-profile office buildings. This means that only owners of these high-profile buildings could benefit of the increase. On the other hand [...]
Healthy pending sales activity, stabile home prices and rising confidence among sellers – these are the signs specific to the San Francisco real estate market, according to the latest Market Focus report published by the Rose Consulting Group and the San Francisco Association of Realtors. Despite the positive outlook, the report cautions that headwinds from [...]
California home prices declined in October as sales dropped. The state’s median home price was $256,000 in October, which means a 0.4% decline from a year prior, marking the end of 11 consecutive months of year-over-year gains, MDA DataQuick reported a couple of days ago. The median price – point at which half the homes [...]
One of East Bay’s most prominent projects, the Stoneridge Corporate Plaza office complex was foreclosed by its lender Metropolitan Life Insurance Co. Despite the foreclosure of the Plaza, the Pleasanton office development is plenty of potential, commercial realty brokers said Wednesday. However, this foreclosure is a good example of how weak commercial property values are [...]
The percentage of underwater mortgage is still rising in the third quarter of this year, with almost one-quarter of mortgage holders owing more than their property is worth. There are estimations that about 23.2% of single family homeowners with mortgages owed more than their property was worth in Q3, which is up from nearly one [...]
It is happening. The 280,964 square foot building at 500 Terry Francois Boulevard is heading into the court. It is scheduled to hit the courthouse steps this Friday. The never occupied and LEED Certified building was financed with a $90 million construction loan. This loan was sold to a private equity group for $52.5 million [...]
A 150,000 square foot San Francisco building, located at 500 Sansome St. was foreclosed on by Wells Fargo on November 3. The building was the property of Chicago investor M&J Wilkow, who bought it for $37 million four year ago as the office sales market was starting to rise. According to the lawsuit filed by [...]
The shops located at Ghirardelli Square stepped in the process of foreclosure and they are taken back by their lender, Royal Bank of Scotland after a standoff with the developer. Todd Chapman, CEO of Ghirardelli Square owner of JMA Ventures stated that his company is current on the loan and has never missed a payment. [...]
A newly married couple almost lost their first home, although they made their first payments. Mark and Brooke Barnum bought their first home this year and they have recently made their very first mortgage payment. "I was exceptionally careful about making sure I had the account number right, the P.O. box number right," said Mark. [...]
According to The Standard & Poor’s/Case-Shiller 20 City home price index just released, overall home prices are weakening across the housing markets in the country. The price index fell by 0.2 percent during the month of August compared to July; and 15 cities showed monthly price declines. California has 3 of the cities – San [...]
