Posts Tagged ‘real estate’

Gethsemane Baptist Church is Turning Into a Single Family Residence? “THERE GOES THE NEIGHBORHOOD”

Wednesday, December 5th, 2012

This is the scene in the Western Addition at 601 Broderick and Grove, the site of Gethsemane Baptist Church

Click to expand

The graffiti is new, you see it? It’s all, “THERE GOES THE NEIGHBORHOOD.

Let’s take a closer look:

“The proposal is to convert the existing church into a single family residence.”

Well, that’s direct, huh, right there in black and white.

[RACIAL SUBTEXT MODE = ON] Uh, so the Western Addition is losing yet another African-American church so yet another  millionaire white family can move in, except realtors* call it the North of Panhandle Area now because it doesn’t have the baggage associated with the Western A? That’s my guess, but tell if I’m way off on this one, Gentle Reader. [RACIAL SUBTEXT MODE = OFF]

Oh, architect James Hill is all over this one at his excellent-looking Talking Buildings blog.

All the deets right here.

Via Redfin.com: “601 Broderick is a charming old church … in the heart of NOPA.  Not for the faint of heart or faithless, this property needs a revival. … make them believers. Heaven only knows what the possibilities could be!”  Receiving multiple offers on first showing, the sale closed before the For Sale sign was hammered in the ground.  Highland Ferndale Partners,  a luxury home developer purchased the church for restoration and resale.  David Papale, partner and realtor,  prefers not to disclose the sale price, but  redfin.com notes the price clearly at $1,401,000, 40% over asking, a sizable investment in the future of the community. One might speculate, since this is real estate, that the sale price is more than adequate to cover the losses the bank faced in foreclosure on their faulty loan, a profit unrealized by the church.   Mr. Papale claims, while the possibilities for the property include six  units, it will be restored as a single family  home and to its original Victorian appearance without “that horrible addition.”  

And there’s a little bit more here in the comments section of this Socketsite post, Control-F for 601.

So that’s the sitch and the graffiti artist is doing all s/he can to draw attention.

Mission accomplished.

On It Goes…

*Always in lower case

Forget About That CityPlace Mall in Mid-Market – The New Name is “Market Street Place” and Work has Begun

Wednesday, September 19th, 2012

That proposed CityPlace mall has a new name and they’ve just started working on getting it built.

See?

“…its name has been changed to Market Street Place, reflecting how even this blighted part of San Francisco’s main thoroughfare...”

And see? 

Click to expand

This is all new. The whitewash went up on Monday, I think, and now we have the ads what say SHOPPING PLACE and whatnot.

This is what it will look like, without the homeless and the criminals and the iPhone fences and the drug dealers milling around out front:

More photorealistic:

Reverse angle:

The mall has it all. Actually, it’s a mall like any other from Anytown, USA. (Boy, John King is going to looooooove this, huh?)

All right, now let’s all thank the Carlyle Group for helping us out:

“The following is a list of both current and former employees and advisors.

Business

Political figures

North America
Europe

OMG, It’s Zillow-Palooza 2012 – Half Day Real Estate Forum at Palace Hotel Oct. 12th – FHA Commish! USC! Free!

Friday, September 14th, 2012

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.

Full details of the San Francisco event are below, and guests can register for this free forum at http://cahousingforum.eventbrite.com. More information and updates about speakers can be found at www.zillow.com/blog/category/housing-forum.

       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.

(ZFIN)

SOURCE  Zillow.com

Zillow.com

CONTACT: Katie Curnutte, Zillow, +1-206-757-2701 or press@zillow.com

Web Site: http://www.zillow.com

Know Better Your California Attorneys: #263114 Mona Patel – She’s “Lady Justice” – Realtor Plus Attorney Equals…?

Thursday, August 30th, 2012

At the Law Offices of Lady Justice, REALTOR + ATTORNEY = SUCCESS.

See?

Hover + Click = Expand

And note the Roman column back there, just like Saul’s.

I like her – she has the moxie , non?

And that’s a good thing for a lawyer to have, IMO.

President Barack Obama Picks Paula R. Collins and Alex Mehran as New Board Members of the Presidio Trust

Tuesday, August 14th, 2012

Here’s the news of the day from our Presidio Trust, or perhaps it was last week’s  - I’m kind of slow on the the uptake sometimes:

“PRESIDENT OBAMA TAPS BUSINESS, CIVIC LEADERS FOR PRESIDIO TRUST BOARD – NANCY BECHTLE RE-APPOINTED BOARD’S CHAIR

Presidio of San Francisco (August 14, 2012) — President Barack Obama has named two prominent Bay Area leaders — Paula R. Collins and Alex Mehran — to the Presidio Trust Board of Directors. The White House also re-appointed Nancy Bechtle as board chair. Ms. Collins and Mr. Mehran are replacing outgoing board members J. Michael Shepherd and Bill Wilson.

Paula R. Collins is the chief executive officer of WDG Ventures, Inc., a real estate development company in Northern California, and president of Portfolio Real Estate Consulting.

Part of the original project development team for the Moscone Convention Center, Ms. Collins is a founder and director of Presidio Bank in San Francisco, a member of the national board of the Automobile Association of America and has served as an appointee to the Massachusetts Institute of Technology (MIT) Visiting Committee for the Department of Urban Studies and Planning. In addition, she is co-chair of the Board of Directors for the Yerba Buena Center for the Arts in San Francisco, a member of the board of the Special Olympics for Northern California and has served on the Board of Directors of the BRIDGE Housing Corporation. Ms. Collins has been awarded the prestigious Silver Spur Award by the San Francisco Planning and Urban Research organization, in honor of her dedication to improving the quality of life and economic health of San Francisco; and has been honored by the National Coalition of 100 Black Women and the San Francisco Business Times. She graduated cum laude in urban studies from Mt. Holyoke College in Massachusetts and received her master’s degree in city planning from MIT. Ms. Collins replaces Mr. Shepherd on the board.

A Bay Area native, Alex Mehran is the president and chief executive officer of Sunset Development Company, a San Ramon based real estate development, investment, construction and management company founded by his father almost 60 years ago.

Mr. Mehran is chair of the Contra Costa Economic Partnership, a trustee of the San Francisco Ballet and a member of the University of California, San Francisco Chancellor’s Associates. In addition, he is a past chairman and current executive committee member of the Bay Area Council and is a former trustee of the Urban Land Institute and the Fine Arts Museums of San Francisco. Mr. Mehran received his bachelor’s degree from Harvard College, where he graduated with honors. He earned a law degree, also with honors, from England’s Cambridge University. Mr. Mehran replaces Mr. Wilson.

“Alex and Paula are joining the board at a very exciting time – the Presidio Trust is now financially self-sufficient and we are seeing the benefits of a decade worth of investments in the park,” said Craig Middleton, Presidio Trust Executive Director. “Alex and Paula will be instrumental in helping us expand the public benefit of the Presidio to the local community and the nation.”

A fourth generation San Franciscan, Nancy Bechtle grew up across the street from the Presidio, and, as a child would scale the base’s walls to play in Julius Kahn Park. Once, she was even kicked out for riding her horse on the base. Appointed to the Trust’s board by President George W. Bush in 2008, Ms. Bechtle was first elected chair in 2009. She is chairman of the board of the Sugar Bowl Corporation, serves on the board of directors for the Charles Schwab Corporation and is a former chief financial officer and director of J.R. Bechtle and Company. A past president and chief executive officer of the San Francisco Symphony, Ms. Bechtle has served on the symphony’s board of governors since 1984 and has also served on the board of the San Francisco Opera Association. In addition she has served on the board of the National Park Foundation, holding the board’s citizen chair from 2005 to 2007. Ms. Bechtle recently received a Lifetime Achievement Award from the Commonwealth Club of San Francisco and has received a Lifetime Achievement in the Arts Award from the California Arts Council and the Investment in Leadership award from the Coro Foundation, among her many other honors.

“I am pleased to welcome these very talented and accomplished people to the board,” said Nancy Bechtle. “The experience that Paula and Alex bring will be great assets as the Trust expands its public-serving programs while continuing to keep an eye on ensuring the park’s self-sufficiency.”

The Presidio Trust is governed by a seven-member board of directors. Six members are appointed by the President of the United States. The seventh is the U.S. Secretary of the Interior or his designee. An executive director reports to the board and oversees a staff with expertise including environmental science, historic preservation, operations and maintenance, landscape design, planning, resource management, real estate development, public affairs and programs, law, and finance.

Biographies of all Trust board members are available at www.presidio.gov

The Presidio Trust was established by the United States Congress in 1996 to administer the Presidio of San Francisco, an urban national park site that is located at the base of the Golden Gate Bridge. The areas overseen by the Trust include expansive open space and spectacular views, a 300-acre historic forest, and rare and endangered plants and wildlife. The park comprises nearly 6 million square feet of buildings, including 469 historic structures that contribute to the Presidio’s status as a National Historic Landmark District.”

How Racist is the San Francisco Association of realtors? Well, Chinatown Doesn’t Appear on Its Official Map

Thursday, May 24th, 2012

Now I’ve seen maps what eliminate San Francisco’s troubled Tenderloin district – that’s nothing new.

But here, our San Francisco Assoc of realtors (“REALTORS,” heh, like they’re special or something) makes room for the SRO Duchy of Randy Shaw but it omits Chinatown entirely.

Check it

Click to expand

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]. 

Just keep on keeping on.

OMG OMG! The Sainted Wall Street Journal is Covering the America’s Cup Already! Read and Learn from Sarah Tilton

Wednesday, April 25th, 2012

LEAVE US BEGIN, LET’S HEAR FROM THE WALL STREET JOURNAL ONLINE!

“SAN FRANCISCO—As this city gears up for the 34th America’s Cup next year, a race of a different kind has already begun: one to snag the best views of the sailing regatta.”

UH, REALLY? NO, I DON’T THINK SO. ISN’T THE “RACE OF A DIFFERENT KIND” INVOLVING THE AMERICA’S CUP ACTUALLY THE RACE FOR TEAMS, YOU KNOW, FROM SPAIN AND ITALY AND FRANCE, TO GET OUT OF COMMITMENTS TO PARTICIPATE IN THE AMERICA’S CUP? YES. TEAMS BE REFUSING TO ENTER EVEN AT THE HIGHLY REDUCED 80-SOMETHING PERCENT OFF ENTRY FEE. HAVEN’T YOU HEARD YET, SARAH? THE NEWFANGLED BOATS ARE TOO BIG. AND DO YOU KNOW WHO SAYS THAT? LARRY FUCKING ELLISON HISSELF, RECENTLY, IN THE ONLINE PAGES OF, WAIT FOR IT, THE WSJ ITSELF.* DON’T YOU READ YOUR OWN PUBLICATION? DON’T YOU KNOW THAT AC34 IS SHAPING UP TO BE A KIND OF SLOW-MOTION DISASTER?

Peter Jacobsen, a semiretired dentist from Yountville, Calif., isn’t taking any chances when it comes to ensuring a view of the America’s Cup racecourse on San Francisco Bay. Dr. Jacobsen and his wife, Gwendolyn, last year paid $158,000 for a fractional interest in a one-bedroom unit at a ritzy condo development right by San Francisco’s waterfront.

IRL, NOBODY CARES ABOUT RETIRED NORTH BAY DENTISTS ET UXESES EXCEPT NORTH BAY DENTISTS. AND WHAT’S A FRACTIONAL INTEREST IRL? ISN’T THAT JUST A TIME-SHARE?

The deal guarantees just 35 nights a year at the property—but importantly, a Bay-view unit for two weeks during the America’s Cup finals scheduled for September 2013.

FASCINATING! OH, BUT NOBODY CARES ABOUT THE AMERICA’S CUP, RIGHT? THEY JUST HAD A WARM-UP RACE DOWN IN FUN DIEGO – IT WAS A BIG DISASTER BECAUSE NOBODY CARED. AC PEOPLE GOT FIRED OVER THAT ONE. AND LAID-OFF TOO. MOST OF THEM, ACTUALLY. HAVEN’T YOU HEARD? OH, AND SARAH, “A BAY-VIEW UNIT” MEANS SOMETHING DIFFERENT IN THE 415, YOU KNOW, COMPARED WITH WHAT IT MEANS IN OTHER PARTS OF THE WORLD.

The Jacobsens shelled out the six-figure sum even though they already own another fractional interest at the property that they bought for $182,000 in 2009. But that unit doesn’t have a guaranteed view, and with the regatta approaching, “we needed more time and it was an opportunity to lock in the perfect view,” says Dr. Jacobsen, 67 years old.

YEAH, “YOU GOT TO LOCK THAT DOWN!” SO, OLD WHITE PEOPLE ARE GOING TO SIT IN THEIR APARTMENTS AND WATCH THE BOAT RACE FROM MILES AWAY? REALLY? IS THAT WORTH SPENDING YOUR KIDS’ INHERITANCES?

More than a year before the event, sailing fans are scouting out prime vistas for the America’s Cup. The chase for best perch has inspired a real-estate scramble, with some agents setting up shop specifically to locate rooms with a view for elite clients.

WELL, CERTAIN REAL ESTATE AGENTS WOULD LIKE US TO BELIEVE THAT THERE’S A “CHASE” AND A “SCRAMBLE.” THESE HOUSING PARASITES LIE TO REPORTERS LIKE YOU TO TRY TO MAKE MORE MONEY ON DEALS. DON’T YOU KNOW THAT?  AND YOU SAY REAL ESTATE AGENTS HAVE OPENED UP OFFICES JUST FOR THE AC? I DON’T BELIEVE THAT BUT WHATEVER. AND OH, RETIRED NORTH BAY DENTISTS ET UXES AREN’T “ELITE” ANYTHING.

Rental prices for the America’s Cup are already soaring.

OMG OMG OMG! ALREADY? ALMOST AS IF THE AC ISN’T A BIG DISASTER. ALREADY.

Landlords are dangling options such as a $60,000-a-month rent for a home in the posh Pacific Heights neighborhood during the race. Although results remain to be seen, agents say prices could go as high as $100,000 a week during the finals.

RESULTS REMAIN TO BE SEEN? REALLY? MORE THAN A YEAR OUT? WOW, THANKS FOR THAT TIDBIT, SARAH TILTON! WHAT DO YOU WITH YOUR LIFE WHEN YOU’RE NOT SHILLING FOR REAL ESTATE INTERESTS?

“It will be a real land-grab for the good stuff,” says Rick Teed of Sotheby’s International Realty.

RICK TEED? YOU MEAN THIS UBER-CHEESY ASSHOLE RECENTLY SEEN ON THE BACKS OF MUNI BUSES?

Click to expand

I THINK YOU DO!

The anticipated demand for a race view stems partly from the relative rarity of the America’s Cup taking place in America. The race hasn’t been held in the U.S. since 1995, and in recent years has taken place off the coast of New Zealand and Spain. (The race was named by the New York Yacht Club after the schooner America, which beat the British in a race in 1851.)

WOW THANKS FOR THE HISTORY LESSON, SARAH. BUT MOST OF THAT HERITAGE RECENTLY GOT FLUSHED DOWN THE TOILET BY ONE LARRY ELLISON. HEY SARAH, WHY DON’T YOU READ THE COMMENTS PEOPLE HAVE POSTED ‘NEATH YOUR ROSY ARTICLE? WHY DO THEY HAVE A MORE REALISTIC PERSPECTIVE THAN YOU?

The Cup has never been held in San Francisco Bay, which race officials describe as a “natural amphitheater”—as opposed to the open ocean where the regatta usually takes place. That means some prime views of the event can be had from land this time rather than from the decks of spectator boats.

BUT, NOBODY CARES ABOUT THE AMERICA’S CUP ANYMORE. SEE? THAT’S THE PROBLEM.

The race is coming to San Francisco through the efforts of Oracle Corp. ORCL +0.24% founder and chief executive Larry Ellison, whose yacht and sailing team won the 2010 America’s Cup in Valencia, Spain. The winner of the race, which is typically held every three to four years, decides where the next competition will take place. The billionaire also owns a home in San Francisco with first-class views of the Bay.

BUT, NOBODY CARES ABOUT THE AMERICA’S CUP ANYMORE. SEE? THAT’S THE PROBLEM.

But Mr. Ellison may have an even better seat than that for the regatta. An America’s Cup spokeswoman says Mr. Ellison will be on board Oracle Racing’s boat during the races. Through a representative, Mr. Ellison, 67, declined to comment.

BUT, NOBODY CARES ABOUT THE AMERICA’S CUP ANYMORE. SEE? THAT’S THE PROBLEM.

The Cup itself, a sterling silver trophy that gets its own seat on airplanes, comes in a custom Louis Vuitton case and always travels with a companion, the Cup spokeswoman says. It is kept in a secret location when not on tour, she says, but will be displayed during the race in San Francisco.

BUT, NOBODY CARES ABOUT THE AMERICA’S CUP ANYMORE. SEE? THAT’S THE PROBLEM.

The heady rental numbers are spurring some homeowners to try renting their home for the first time. Marjorie and Larry Schlenoff listed their 3,162-square-foot four-bedroom San Francisco home, which they have lived in since 1999, for $35,000 a month for a long-term lease encompassing the Cup period. For shorter stays around the time of the Cup, the price is higher: $15,000 a week, says Mrs. Schlenoff.

MORE DETAILS! WE DEMAND MORE DETAILS. IS SHE GOING TO SAY, “ASK ME ABOUT MY GRANDCHILDREN” NEXT?

“We’ve never rented our house,” says Mrs. Schlenoff, a psychoanalyst and nonprofit founder. But with the home’s vistas and location near San Francisco’s Golden Gate Yacht Club, she says she and her husband see the regatta as a unique opportunity and the house as a “business asset.”

HOLD ON, I’M GETTING SO EXCITED FROM THIS NEWS NUGGET THAT I’M HAVING A MILD HEART ATTACK. HOLD ON WHILE I GO TO THE ER.

She listed her home through rental agency ReLISTO, which has multiple homes available for the Cup, including a $3,500-a-month studio with no views to $60,000 a month for a 5,000-square-foot Pacific Heights house with panoramic Bay views.

WHEW, THAT WAS A CLOSE ONE. I’M MEDICATED NOW AND MY DOCTOR SAYS THAT I SHOULD STOP READING THE FUCKING ONLINE WSJ BECAUSE I GET TOO EXCITED. BUT I GOTS TO HAVE MORE DETAILS!

Charlie Martin, a real-estate agent in Sausalito, Calif., launched a group called RezLux in February specializing in Cup rentals. In addition to real-estate needs, he says he will also provide personal chefs and concierge services for the race. So far, he has handled calls from potential clients in England, Japan and New Zealand. “We’re starting to book,” he says.

OMG, MORE WHITE PEOPLE! THE AMERICAS CUP IS FILLED TO THE BRIM WITH WHITE PEOPLE! HURRAY! HURRAY FOR WHITE PEOPLE!

Some homeowners say there is no way they will rent their home during the Cup because they want the panoramas for themselves. Venture capitalist and America’s Cup Organizing Committee member Tom Perkins, who owns a 60th-floor penthouse in San Francisco, will be watching the Cup from there.

HE’S WHITE TOO, RIGHT? WHITE PEOPLE, WHITE PEOPLE, WHITE PEOPLE, WHITE PEOPLE! BUT AT LEAST HE’S NOT OLD, RIGHT?

“It’ll be just about the best place to watch,” says Mr. Perkins, 80, adding that he plans to have “lots and lots of people over.” Mr. Perkins, who once owned one of the world’s most expensive yachts, dubbed the Maltese Falcon, says he has several pairs of binoculars and a World War II telescope ready for the festivities.

OH, HE IS OLD AFTER ALL. ACTUALLY OLDER THAN HIS “World War II telescope,” WHATEVER THE HELL THAT IS.

Others are plotting a cheaper course to view the regatta. Sean Randolph, president of the Bay Area Council Economic Institute, says he plans to watch the Cup from a kayak in a buffer zone that will be created on San Francisco Bay for nonmotorized boats. While Mr. Randolph’s home in Marin County, north of San Francisco, has a view of the Bay, it doesn’t overlook the Cup’s racecourse, and he doesn’t want to shell out thousands of dollars to rent a property.

OH, DUDE’S FROM THE BAY AREA COUNCIL ECONOMIC INSTITUTE? THAT’S THE SO-CALLED “INDEPENDENT AUTHORITY” WHAT SAID HOW GREAT THE AMERICA’S CUP WAS GOING TO BE. BUT THAT TURNED OUT TO BE A LIE, RIGHT? BUT THAT’S NO REASON TO QUESTION THE ENTIRE PROCESS, IS IT, SARAH?

“In a kayak, you’re sort of participating because you’re on the water and you’re a little closer” to the action than on land, he says.

YES, BEING IN A KAYAK IS SORT OF LIKE PARTICIPATING IN THE AMERICA’S CUP. OF COURSE. SORT OF.

For John Kostecki, a sailor on the Oracle sailing team, the best views of the race are free. In particular, he recommends a stretch of waterfront near the Marina Green, where spectators can get close enough to hear sailors’ conversations. “It’s quite deep and the boats can come quite close,” he says.

OH, ARE WE DONE? IS THAT IT? WE SORT OF TRAILED OFF THERE. WELL, ANYWAY, LET’S PUT THIS ON PAGE A1.

I DON’T KNOW, MAN. IF THE AMERICA’S CUP IS MAKING SO MUCH MONEY FOR SO MANY PEOPLE, WHY ARE THE CITIZENS OF SAN FRANCISCO BEING FORCED TO SUBSIDIZE IT? WHY ARE THE POWERS THAT BE TAKING MONEY FROM NON-MILLIONAIRE NON-WHITE PEOPLE AND USING IT TO PAY FOR THE “FUN” AND “EXCITEMENT” OF MILLIONAIRE WHITE PEOPLE? THE CROWD AND REVENUE ESTIMATES ARE STILL WAY, WAY, WAY OPTIMISTIC AND THEY’RE BASED ON HAVING A BUNCH OF TEAMS SPENDING A BUNCH OF MONEY IN TOWN ONE TO TWO YEARS OUT. IN ACTUALITY, THE BOATS ARE WAY TOO BIG FOR THE BAY AND WAY TOO BIG FOR POTENTIAL TEAMS.

THIS THING IS GOING TO END UP BEING LIKE A FLEET WEEK, EXCEPT THE US NAVY DOESN’T THINK IT’S REASONABLE TO DEMAND NINE-FIGURES TO PROMOTE ITSELF.

BUT IT’S NOT TOO LATE FOR DEADBEAT LARRY ELLISON TO STEP UP AND SIMPLY PAY US FOR THE RIGHT TO RUN HIS BOAT RACE HERE.

IT’S NOT TOO LATE, LARRY! AND THEN YOU CAN TURN YOUR BUMMER OF A RACE INTO AN ACTUAL REBUILDING YEAR AND THEN YOU CAN LOOK FORWARD TO 2016 AND, THEREBY, HAVE SOME MORE FUN BEFORE YOU DIE (OF THAT DISEASE WHAT YOU HAVE WHAT’S A SECRET). OTHERWISE, THE ONLY PEOPLE WHO’LL BENEFIT FROM YOUR FALSE GENEROSITY WILL BE REAL ESTATE TYPES AND LAZY, SIMPLE-MINDED, CHEERLEADING, WSJ-ONLINE REPORTER TYPES…

*“I think it’s a really good idea to get the cost of fielding a team way down so you can have a lot more countries [and athletes] participating,” Ellison said.

Merry Christmas From Hayes Street, Where Family Houses Have Replaced Crack Houses, For the Most Part

Monday, December 12th, 2011

So the houses on this street have stayed the same, but the people inside have changed.

Thusly:

Click to expand

Typically, a crack house would be rendered inhabitable by a fire or something and then somebody would come along to fix the place up.

Typically.

Merry Christmas!

CitiApartments: Put a Fork in, Cause It’s Done – Your Chance to Bid on Remnants of Former Real Estate Empire

Monday, November 21st, 2011

Your Socketsite is up on things related to CitiApartments.

Check it.

“The sale will begin at 2:00 p.m. local time on December 12, 2011 at the offices of Stein & Lubin LLP, 600 Montgomery Street, 14th Floor, San Francisco, California 94111.”

Which will you bid on come December?

78 Buchanan Street
233-241 Church Street
252-258 Church Street
950 Franklin Street
1844 Irving Street
1401 Jones Street
2677 Larkin Street
2075-2083 Market Street
2099 Market Street
1870 Pacific Avenue
500 Stanyan Street
645 Stockton Street
1340-1360 Taylor Street
1320 Washington Street
1461-1465 Burlingame Avenue (Burlingame)

A famous logo no more:

All the deets, after the jump

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