European investor bags Tiffany's Building in Union Square for $135 million in rare sale
 
Posted: 23 Sep 2016, 4:19 pm
A European investor snapped up 360 Post St. in San Francisco, a trophy Union Square building that houses Tiffany?s and the U.S. headquarters of Cathay Pacific Airways. The sellers in the deal were Greenstone Realty Advisors LLC and 360 Post LP. The buyer and price were not disclosed, but a source familiar with the property said it was about $135 million or $1,400 per square foot. ?This building has had the same ownership for more than 20 years and throughout that period it has received frequent?

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City agency takes a lashing over Millennium Tower fiasco
 
Posted: 22 Sep 2016, 5:44 pm
The city?s Department of Building Inspection was grilled Thursday about the department?s ?mind-blowing? lack of urgency in investigating the Millennium Tower, a luxury condo tower that is sinking and titling. The city?s Board of Supervisors kicked off what is likely to be a long series of hearings to determine what city staff knew and when about the 58-story tower?s structural issues and how it has responded since the news broke in August. ?This is not somebody?s toilet leaking?

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Here are San Francisco's cheapest and priciest neighborhoods for renters
 
Posted: 22 Sep 2016, 5:09 pm
Real estate data website Zumper has released its latest San Francisco rent map and it paints a revealing portrait of how much people are willing to pay across 45 distinct neighborhoods in the city. "San Francisco's downward trend in both one and two bedrooms this month is in line with the downward trend at a national level," Crystal Chen, a spokesperson for Zumper told the Business Times. Take a look at our map above to see what renters are paying across the city. Overall, the Bay Area, San Francisco,?

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San Francisco has reached 'peak unaffordability'
 
Posted: 22 Sep 2016, 9:53 am
San Francisco?s real estate market has reached 'peak unaffordability,' says a housing expert, which will lead sellers and landlords to lower prices on housing and offer tempting perks for rentals as they scramble amidst a glut of supply and record-high prices. San Francisco-based Trulia Chief Economist Ralph McLaughlin made the comments in an interview with Yahoo Finance. ?Your average buyer can?t afford a home,? McLaughlin explained. ?As buyers pull back because of price-induced reasons,?

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