Corte Madera
REAL ESTATE
San Francisco apartments are getting bigger again
Data: RentCafe analysis of Yardi Matrix data. Note: Survey excludes cities where the number of units completed in one year was less than 500. Chart: Axios VisualsSan Francisco has some of the smallest apartments in the U.S., but that could be changing.Why it matters: Roomier apartments would be welcome news for renters, who occupy 62% of households in the city.Driving the news: The average San Francisco apartment built in 2023 measured 756 square feet, a nearly 11% increase in size from 2014, per a recent report from rental listing website RentCafe.That came out to a 73-square-foot gain in floor space.In...
Terner Center report explores financial feasibility of small-scale complexes, 'missing middle housing'
In a recent report from the Terner Center for Housing Innovation at UC Berkeley, researchers studied the financial feasibility of building missing middle housing in California, including duplexes, fourplexes and Accessory Dwelling Units. Published June 21, the report titled “Making Missing Middle Pencil: The Math Behind Small-Scale Housing Development” concluded...
Gantry Secures $14.4 Million Construction Takeout Loan for Multifamily Building with Street Level Commercial in Heart of La Jolla
SAN FRANCISCO, CA - Gantry, the largest independent commercial mortgage banking firm in the U.S., has secured a $14.4 million loan to retire construction financing for the 801 Pearl class A apartments located at 801 Pearl St. in the heart of La Jolla Village. The recently completed, two-story complex features a mix of modern studios, 1-bedroom and 2-bedroom apartments and includes approximately 3,400 square feet of street level commercial space. The property sits on a high-barrier-to-entry, infill location in a pedestrian-friendly district offering restaurant, entertainment, and natural amenities including the nearby Windansea Beach and La Jolla Cove.
Facing drastic cuts, Oakland approves budget that bets on Coliseum sale
OAKLAND — To patch up a financial crisis likened by some officials to the Great Recession, Oakland’s leaders on Tuesday approved budget changes that will avoid drastic cuts but also rely on the still-pending sale of the city’s most valuable real estate property. The heavily contested, 5-3...
San Francisco's Wage Growth Outpaces Rising Rents, Offering a Silver Lining Amid Nationwide Housing Struggles
Likely welcomed by residents from one of the nation's most expensive cities, a new report reveals that wages in San Francisco are now rising faster than rent. The detailed analysis showed a significant wage increase of 9.97% from 2022 to 2023, dwarfing a more modest rent rise of just 0.73% during the same period. This creates a notable 9.23% gap between the growth rates of wages and rent, signaling a rare but welcome shift for the city's residents according to ConsumerAffairs.
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