Monthly Archives: November 2014

N.Y. investors snap up San Francisco’s sprawling Parkmerced complex

Courtesy Marlize van Romburgh

N.Y. investors snap up San Francisco’s sprawling Parkmerced complex 152-acres. Plans for redeveloping to 8,900 units.

A group of New York investors has purchased a majority stake in Parkmerced, the sprawling housing complex on San Francisco’s West Side that is slated for a multibillion-dollar revitalization, in a deal that values the property at more than $1.3 billion, the Wall Street Journal reported.

Park Merced Completion

Park Merced Completion

The property currently has 3,221 units. Plans call for redeveloping it into 8,900 units, with a groundbreaking slated for 2015 or 2016. Parkmerced is located in one of the city’s less-dense neighborhoods, an appealing fact for developers as rents and demand soar.

CLICK HERE for the full article.

200,000 housing units in Bay Area pipeline. Is it enough to move the needle?

Courtesy Emily Fancher

There are 200,000 housing units in the planning pipeline or under construction throughout the Bay Area and approximately 43 percent of those are rental units.

Housing units in Bay Area pipeline

Housing units in Bay Area pipeline

The housing pipeline number, which was reported by a Bay Area real estate consultancy, includes market-rate and affordable projects in San Francisco, the East Bay, Peninsula and Silicon Valley down through San Jose.

CLICK HERE for the full San Francisco Business Times article.

Protecting Yourself from Property Scams on the Internet

Courtesy MLSListings – October 10, 2014

The Internet has made it easier for consumers looking to rent or buy a home to bypass using a REALTOR® and go directly to the source of property listings and negotiate with the owner or property manager. Unfortunately, this can pose significant risks with the widespread problem of real estate scams. This is particularly prevalent on sites like Craigslist where unsuspecting renters and home buyers go looking for great deals and ideal properties. What they can end up with is identity theft, theft of funds and even serious physical harm. Continue reading