NNN Brokers USA – San Francisco Commercial Real Estate Brokers: "The Scoop"

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Attention Curbed kiddies: it’s time to look under the sofa pillows for loose change, as 2950 Broadway has hit the market with a completely reasonable and obtainable asking price of $39,500,000. That’s thirty nine million clams, folks. Chump change, right? But that’s the price you have to pay to live on “Billionaire’s Row,” where your neighbors will be people like Trevor Traina, Peter Haus, Larry Ellison, and Gordon Getty. And it’s not like the other houses in the neighborhood aren’t going for insane amounts of cash. The house was designed in 1922 by San Francisco architect Fredrick H. Meyer, and is a 4-story, 6-bed, 5-full, and 2-half bath mega mansion that clocks in at a spacious 11,000 square feet. The house has all the bells, whistles, and lasers that you’d imagine it to have, like an outdoor pool (a rarity in SF residential real estate) and a goddamn 3,000-bottle capacity wine cellar. Check out the virtual tour here (and invite us over for dinner, mkay?).
· Billionaires Row [wikimapia]
· 2950 Broadway [Steve Gothelf]
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In this month’s edition of Curbed SF Guest Blogger Sally Kuchar Gushes About Her Favorite Property For Sale we’ll be covering 3373 21st Street, the 3-bed, 1-bath Victorian that local artists William Campbell and Frank Brown (who clearly had a knack for decorating) lived in for 5 decades. To say the house is impressive would be an understatement. The house was built in 1885 and is a picture perfect example of residential architecture of that time, so much that it was actually featured in the books “Then and Now” and “Painted Ladies: San Francisco’s Resplendent Victorians.” Since the property is located in the Dolores Heights Special Use District, we’re betting changing anything interior or exterior wise is out of the question, or at least extremely time consuming, expensive, and basically not worth jumping through the hoops that are on fire while a tiger sits on the other side, waiting. The only real shortcoming is the lack of a second bathroom, but whatever, we don’t mind that much. Clearly the absolutely mind-boggling art collection does not come with the property, but the architectural details would make a perfect backdrop to any buyer’s art collection, small or large. And that wood-paneled dining room! Swoon! 1,700 square feet, $1,975,000 (sad face).
· 3733 21st [Redfin]
· ‘Painted lady’ was home to nearly 800 paintings [SF Gate]

A tip from Plug1 brought us to EPA and Around the Bay, a nifty blog about “history, architecture, and graff” — so, here’s one more thing for our feed reader. We like the commentary: an elaborate Nob Hill facade gets the remark “the architect was feeling good about himself,” and a bizarre ruined structure on Angel Island gets “this thing served some purpose.” We should all be so lucky.

SAN FRANCISCO — The world’s largest drug maker has abandoned plans to move into a new research center in San Francisco’s burgeoning Mission Bay neighborhood. What was hailed last summer by Mayor Gavin Newsom as a “significant win” in the development of Mission Bay is now a loss for the area, which has attracted numerous life science companies in recent years as a result of payroll tax breaks offered by The City.

Pfizer had planned to take up a bulk of a new building on the corner of Third Street and Mission Bay Boulevard. The company negotiated a 15-year lease with the builders, Alexandria Real Estate Equities Inc., and said they planned to move 100 employees there from their South San Francisco office in early 2010. Newsom announced the deal in August 2008, alongside Corey Goodman, the president of Pfizer’s Biotherapeutics and Bioinnovation Center, who said the move would position the center for success. Signs that the deal could be in jeopardy surfaced in November, when Alexandria announced they would be putting two Mission Bay properties on hold, but would not elaborate on the specific sites. Goodman then unexpectedly resigned in April — just months after Pfizer acquired drug maker Wyeth in a $68 billion deal. A spokeswoman for Pfizer, Joan Campion, said the company did notmake its decision based on recent leadership changes, but by analyzing its real estate holdings after acquiring Wyeth. “Economics was a factor,” Campion said. The fate of the building is still unknown. A public relations firm for Alexandria Real Estate Equities did not return calls for comment.

Pfizer drops plans for Mission Bay facility By: Brent Begin [Examiner]

Green Couch, one of my favorite staging companies in the city is dropping a chunck of their inventory today in a one day only sale from 11am to 4pm. Now if only Ken Fulk would jump on the ‘letting go’ summer bandwagon I would be in decorators heaven.

Come start the Fourth of July weekend with NEW furniture. Great prices on high end furniture used only for staging homes in the Bay Area. IN WITH THE NEW!www.greencouch.com Friday July 3rd 11:00 to 4:00 744 alabama (@ 20th st.) Kick off the 4th of July weekend with a new sofa, coffee table, artwork, etc. Pictures attached are examples of what you’ll find tomorrow work!

With roughly 50 of its 419 units closed since opening in April, 30% of Millennium Tower (301 Mission) is either closed or in contract, up from 15% in February of 2008 and with an average price point of a…

While sales volume for listed single-family homes in San Francisco fell 6% on a year-over-year basis in June, condo sales volume fell 22% (180 transactions in June 2008 versus 140 in 2009), up 27% from May and versus a 14%…

It’s an enviable view from the terrace of 1100 Union (La Mirada) #300. Bonus points for naming the sculptor (or identifying other originals in the mix). ∙ Listing: 1100 Union #300 (2/2.5) – $2,995,000 [sfproperties.com] [MLS]…

“The average 30-year rate dropped to 5.2 percent from 5.32 percent, mortgage buyer Freddie Mac of McLean, Virginia, said today….The 15-year rate averaged 4.69 percent.” ∙ U.S. Mortgage Rates Drop to 5.2%, Freddie Mac Says [Bloomberg]…

While San Francisco’s W Hotel has sold for $90 million (less than half its estimated replacement cost), a “two-year $90 million loan for the 277-room Four Seasons Hotel San Francisco” is now in default. Apparently on purpose. [Millennium Partners] has…