Case-Shiller Index results for January have recently been published with news of a continuing fall in home values in the United States and most of its metropolitan areas. According to Case-Shiller, home values in the San Francisco Metro Area (5 counties with wildly different markets) have continued to fall – the kicker being that C-S determined the total decline over the past 12 months to be a whopping 1.7%. (January sales reflect accepted-offer activity in November-December, so the data is …
Month: April 2011
Russian billionaire buys Silicon Valley home In a transaction which set a new record for most expensive U.S. residential sale, Russian billionaire Yuri Milner (who heads Digital Sky Technologies) has reportedly paid $100 million for a 25,500-square-foot Los Altos Hills (CA) home which was not even listed for sale. According to The Wall Street Journal, the sellers, Fred and Annie Chan took back a $50 million note on the home. This record-setting sale is just one indication that the wealthy …
Luis Cancel, San Francisco’s Director of Cultural Affairs, would like final say on public art installations developers are required to install. Over the past 25 years, a mandate has stated that large projects in the Financial District and along upper Market spend at least 1% of their total construction budget on on public art; that can add up to millions of dollars in some cases. Cancel, however, believes chosen art of late has been sub par. Without providing specific examples of what …
San Franciscans love their homes–for the most part. With our legacy of notable architects, many reserve a special spot in their hearts for the innovative men and women of home design. From Julia Morgan to Willis Polk, from Bernard Maybeck to George A. Applegarth, some of the most brilliant minds in the architectural world have left a mark. Even the best intentions sometimes fail, however. Not every design is a winner. There are things people love about their homes, …
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