Like maybe you guys can watch TV on a big screen or something during the America’s Cup, you know, that event the “little people” across the Bay paid for, you know, so that pretty-boy man-child former Mayor Gavin Newsom (IQ = 95, look it up) could be named “America’s Cup ‘Ambassador’ at Large.”
(And then he blows off the Opening Ceremony because he knows what a stink bomb it’s become, oh well.)
Anywho, up in Marin County people like Olivia Hsu Decker still think that the America’s Cup is a good reason for real estate inflation. See below.
“$45,000,000 Belvedere Waterfront Home on San Francisco Bay to be Auctioned with a Starting Bid of $25,000,000
The perfect location to entertain during the America’s Cup
SAN FRANCISCO, July 10, 2013 — The newly constructed “Villa Belvedere,” a hi-tech, “Certified Green” home, is known as the finest in Northern California. Previously listed for $45 million and located on the prestigious South Shore of Belvedere Island on San Francisco Bay, it will be offered at auction with a minimum bid of $25 million and no reserve. The deadline to submit a bid is August 22nd. Luxury home auction consultant, Guy Masters, has been engaged by the seller in cooperation with listing agent Olivia Decker of Decker Bullock Sotheby’s International Realty to market this unparalleled property.
The appx. 15,176-square-foot, newly constructed residence features 7 bedrooms, 9 full baths + 2 half baths, and over 5,000 square feet of waterfront terraces. Breathtaking views of The Golden Gate Bridge, San Francisco, Bay Bridge, Alcatraz, and Sausalito can be seen from nearly every room. The gated and lushly landscaped 1.14-acre double lot includes a 200-foot driveway and motor court, providing parking for 15+ cars. Amenities include a theatre, wine cellar, gym with sauna/steam rooms, elevator, 50-foot gallery/entertainment room with bar/ catering kitchen, and pool with cabana/spa, while Smart-House technology operates home systems from iPhone or iPad on site or from anywhere in the world with internet access.
Painstakingly designed and constructed over four years, this magnificent residence was the 2012 Marin Designer Showcase. “I started with the world-class site, then I worked with my design team to create a home whose luxury and style equals the world-class panoramic views created by Mother Nature,” says Jeff Paster, the owner. Ms. Decker adds, “In my 30 years of marketing luxury homes in the Bay Area, this home is truly one-of-a-kind, like a rare Picasso or Rothko, and appropriate to offer at auction to connoisseurs of luxury homes.”
The property may be previewed by appointment or by attending one of the special viewing events. Brokers protected. For auction information and Terms and Conditions, please contact Guy Masters: 1-707-331-0525 or visit www.BelvedereAuction.com.
From left to right: Jr. lackey, sr. lackey, lovely assistant, Man in Black (seen pointing across the street towards the current site of the Market Street Cinema strip club), and black Chevy Tahoe limousine:
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I’m not saying that these people are from the McFarlane Partners, but this is what it looks like when real estate people visit the open-air halfway house known as the Twitterloin.
Anyway, we won’t be seeing as many of these people in the future since there’s nothing left to buy.
I don’t know, this whole deal sounds like a lot of cheerleading for the real estate industry, which is still heavily subsidized by the Feds.
Oh, and the state of California as well.
But “post-bottom landscape” and “good time to buy?” Well, after hearing those phrases bandied about, how can you resist?
So if you want to be the next Donald Trump, have at it. After all, you can’t win your share of middle-class welfare if you don’t play.
Just don’t get too optimistic, again…
“Zillow, USC Lusk Center to Host Housing Forum in San Francisco; FHA Commissioner Carol Galante to Give Keynote – “California’s Housing Market: Navigating the Post-Bottom Landscape” – To Explore Whether It Is a Good Time to Buy, Issues Around Prop 13
SEATTLE, Sept. 13, 2012 — After a housing recession that eclipsed the Great Depression, many markets are again experiencing home value appreciation sparked by high demand but a low supply of homes. What are the sources of this situation, and how long will it last? What will come next? What should real estate professionals and consumers know about this “new” housing market?
To help answer some of these questions, Zillow®, the leading real estate information marketplace, and the University of Southern California Lusk Center for Real Estate will host the half-day “Forum on California’s Housing Market: Navigating the Post-Bottom Landscape” Oct. 12 at San Francisco’s Palace Hotel.
“When it comes to today’s housing market, it’s a confusing time for professionals and consumers alike,” said Zillow Chief Economist Stan Humphries. “The sheer size of California’s real estate market, along with the fact that cities in the state were among the first to enter the housing recession, combine to make California a kind of bellwether for what to expect as other major housing markets begin to stabilize and recover. We’re thrilled to host an esteemed group of national and California-based experts to discuss the state of the market and issues of particular relevance to California.”
“With rising rents and historically low mortgage rates, owning a home appears to be very appealing,” said Richard Green, Lusk Chair in Real Estate at USC. “But underwater borrowers are reluctant – or unable – to sell, tying up supply in a high-demand environment. We look forward to discussing the implications of these factors on the housing market.”
This will be the second housing forum hosted by Zillow this year. The first, “America’s Housing Crisis: Private-Sector Responses and Public Policy Innovation,” was held in New York in April.
Forum on California’s Housing Market: Navigating the Post-Bottom Landscape October 12, 8 a.m.-noon Palace Hotel 2 New Montgomery St. San Francisco
Keynote Speech by Carol Galante Acting Federal Housing Administration Commissioner and Assistant Secretary for Housing
Top Housing Experts in Public and Private Sectors Will Debate and Discuss in Two Panels: Is It a Good Time to Buy in California?: The Housing Market’s New Normal Moderated by Richard Green, Director of the USC Lusk Center for Real Estate and — Prop 13 in a Healing Housing Market Moderated by Colleen Edwards, Owner, EMC Creative Other speakers include: — Spencer Rascoff, CEO, Zillow — John Burns, CEO, John Burns Real Estate Consulting — Bert Selva, President, Shea Homes — Eric Gutshall, President and COO, Haven Realty Capital — Dowell Myers, Professor, Director, Population Dynamics Research Group, USC Sol Price School of Public Policy With a special overview of the nation’s housing market by Zillow Chief Economist Stan Humphries.
About Zillow, Inc.
Zillow (NASDAQ: Z) is the leading real estate information marketplace, providing vital information about homes, real estate listings and mortgages through its website and mobile applications, enabling homeowners, buyers, sellers and renters to connect with real estate and mortgage professionals best suited to meet their needs. In addition, Zillow operates an industry-leading economics and analytics bureau led by Zillow’s Chief Economist Dr. Stan Humphries. Dr. Humphries and his team of economists and data analysts produce extensive housing data and research covering more than 150 markets at Zillow Real Estate Research. Zillow, Inc. operates Zillow.com®, Zillow Mortgage Marketplace, Zillow Mobile, Postlets®, Diverse Solutions(TM) and RentJuice®. The company is headquartered in Seattle.
Zillow.com, Zillow, Zestimate, Postlets and RentJuice are registered trademarks of Zillow, Inc. Diverse Solutions is a trademark of Zillow, Inc.
Do people still buy video games in a box and then go home and shove a rotating disc into their PCs? Really? News to me.
Anyway, here’s the new sign:
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You’d think a big retailer could just slot right in there and make money what with all the foot traffic at Fourth and Market, but I guess the particularities of doing business in the 415 make 800 Market a garden of bones.
“GameStop Relocating to 800 Market Street in San Francisco, Joins Diesel as Co-Tenant
July 11, 2012 –Michael Seigel and Sharon Carmichael with Terranomics Retail Services represented tenant GameStop, Inc. in the lease of 4,630 square feet of inline retail space on the ground floor of 800 Market Street in San Francisco. GameStop, the world’s largest multichannel video game retailer with a network that includes 6,614 stores worldwide, is relocating its Powell Street store, with plans to take occupancy at its new San Francisco flagship location on Market Street in September. The gaming company will join Diesel as a co-tenant in the mixed-use building, known as the California Savings Building, composed of office over street-level retail and owned by INVESCO Real Estate. GameStop’s new space is positioned two blocks from Union Square and the Moscone Center. GameStop currently has three other locations in San Francisco.”
Now, our SF Association of realtors could get away with this iffin Chinatown were a part of the Nob Hill district, but Chinatown isn’t a part of Nob Hill. It’s near Nob Hill of course, but it’s not a part of Nob Hill.
Appears as if rich white people don’t like the idea of living too close to C-Town…
Hey little kid, do you think that that might be a little, you know, racist, just a little?
Ah, thought so.
But don’t ever change, SFAOR [cough, transfer tax increase, repeal of Prop 13].