Stinson Beach
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...
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.
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