Famous SF Restaurants: Trader Vic’s

Cosmo Place, 1951-1994

Dateline 1951 – Gis finishing tours of duty in Asia return with stars in their eyes and tales of the South Pacific. For the next decade everything Hawaiian and Polynesian is all the rage and Trader Vic’s quickly becomes the restaurant of choice on Nob Hill. Dressed in Aloha shirts and tropical-print sundresses, men and women dine on Madras and Susu Curry dishes, accompanied by Victor Bergeron’s famous tropical rum drinks. His most popular proves to be the “Mai-Tai,” or Tahitian for “The Best.”

Shake up one of Victor’s famous drinks yourself! Mai Tai Cocktails

Watching Cranes in San Francisco

Watching those lanky construction cranes is not a pastime practiced by many in the city (as opposed to bird watching for instance). But for real estate observers crane watching can be an informative barometer on the current state of new construction. And rather than drive around looking for cranes in the skyline, there’s now an interactive map—called Crane Watch—you can use, courtesy of the San Francisco Business Times.

There are now (as of July 21, 2016) over $50 billion worth of new building projects in the city—including residential units, office space, hotel rooms and retail space.

The information on the map (clickable popups) includes the project name, address, description, developer, contractor, architect, and if available the construction cost.

Crane Watch will be updated every 3 months with new projects added and finished projects removed.

Click to see SF Business Time's Interactive Map

Click to see SF Business Time’s Interactive Map

Source: SF Business Times

Signs of SF Economy Cool Down Chilling Real Estate Market

The Marina Times just put out an article depicting the gradual chilling of economic activity for the city and its impact on the SF real estate market. This cooling period has been predicted by a few observers for some time, and now the signs are in that a slow down is upon us. Condos are lingering on the sales market for longer periods of time, and condo rentals are seeing knockdowns in prices so they can be moved. One indicator that’s demonstrates this current slowing is the combined house-condo median sale figures. The spring 2016 median was $1.28 million, 5% better than from spring 2015. But the spring 2014 median was 23% greater than the previous year.

A quote from the article states: “Since 2012, the spring selling season has been the most dynamic period of median home price appreciation,” said Paragon Real Estate Group. “In spring 2016, after years of major increases, year-over-year house and condo price appreciation basically plateaued.”

The MT article attributed some of the slowdown to the tech industry’s cutting back on its spending activities over the past year. And there are plenty of city blocks (including Market near Castro where they are building angled wedges on corners) sporting new condos that are ballooning up the inventory.