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San Francisco Commercial Property Owners Overwhelm City With Assessment Cut Requests

San Francisco Commercial Property Owners Overwhelm City With Assessment Cut Requests

by Phil Hall | Aug 14, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

San Francisco’s commercial real estate owners have been aggressively lobbying to lower their property assessments and tax payments in the wake of the troubled city’s declining real estate prices. According to a Bloomberg report, Brookfield Corp. and Blackstone Inc....
Hits and Misses for the Real Estate Week of Aug. 7-11

Hits and Misses for the Real Estate Week of Aug. 7-11

by Phil Hall | Aug 11, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Rental housing designed to stress your budget, a municipal fine against Elon Musk that is not stressing his wallet and a Chinese property developer who is stressing investors. From the wild and woolly world of real estate, here are the hits and misses for this week....
Hits and Misses for the Real Estate Week of July 31-August 4

Hits and Misses for the Real Estate Week of July 31-August 4

by Phil Hall | Aug 4, 2023 | Commercial Real Estate News, Hits and Misses, News/Current Events, Real Estate News, WRE News Exclusive

Elon Musk’s latest tussle with San Francisco’s authorities, a new life for two “Jersey Shore” landmarks and a realtor whose thirst for milk landed him in hot water. From the wild and woolly world of real estate, here are the hits and misses for...
San Francisco Forces Elon Musk to Remove ‘X’ Sign From Top of Twitter HQ

San Francisco Forces Elon Musk to Remove ‘X’ Sign From Top of Twitter HQ

by Phil Hall | Aug 1, 2023 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

While Elon Musk has a history of playing by his own rules, the San Francisco Department of Building Inspection has forced him to abide by municipal real estate codes. According to an Associated Press report, the brightly flashing “X” sign that Musk erected last Friday...
San Francisco Leads the Nation in Declining Luxury Home Sales

San Francisco Leads the Nation in Declining Luxury Home Sales

by Phil Hall | Jul 26, 2023 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

There is more unpleasant real estate news from San Francisco – according to Redfin (NASDAQ:RDFN), luxury home prices in San Francisco are falling faster than anywhere else in the nation. The median sale price of luxury homes in San Francisco plummeted by 12.7%...
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