San Francisco’s smallest, most exclusive neighborhood has two homes for sale

Nothing says more about the tides of change that have swept over San Francisco than two homes being offered for sale just now. One is a two-bedroom two-bath house priced at just under a million. The other has three bedrooms and has an asking price of $1.67 million.

They are part of the smallest and most exclusive neighborhood in San Francisco. They are both houseboats — floating homes — on Mission Creek. There’s nothing else like the neighborhood in San Francisco. It’s the smallest city neighborhood because there are only 20 of these houseboats on Mission Creek, which in a few years has turned from a sludge-filled backwater into a

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San Francisco’s Proposition I, tax increase on real estate sales over $10 million, wins

A San Francisco ballot measure to raise the real estate transfer tax on sales over $10 million won handily Tuesday evening in results that included a large number of mail-in ballots.

Proposition I was convincingly ahead with nearly all precincts reported and more than 320,000 mail-in ballots tallied. The measure required a simple majority to pass.

Supervisor Dean Preston sponsored the measure, which will double the city’s transfer tax from 2.75% to 5.5% for sales from $10 million to less than $25 million. Sales of $25 million and over will see their tax rate increase from 3% to 6%.

Prop. I’s revenue — which could grow to $100 million a year — will go to the general fund. Preston has said the Board of Supervisors will take future legislative action to use the funds to provide rent payment assistance to tenants hurt by the coronavirus pandemic and to build much-needed

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San Francisco’s Proposition I, tax increase on real estate sales over $10 million, ahead

A San Francisco ballot measure that would raise the real estate transfer tax on sales over $10 million was leading Tuesday in early returns, which included a large number of mail-in ballots.

Proposition I was ahead 58.74% to 41.26% with 296,519 votes tallied. The measure requires a simple majority to pass.

Supervisor Dean Preston sponsored the measure, which would double the city’s transfer tax from 2.75% to 5.5% for sales from $10 million to less than $25 million. Sales of $25 million and over would have their tax rate increase from 3% to 6%.

Prop. I’s revenue would go to the general fund. Preston has said the Board of Supervisors would take future legislative action to use the funds to provide rent payment assistance to tenants hurt by the coronavirus pandemic and to build much-needed affordable housing.

Opponents from the real estate industry raised around $5.3 million to defeat the

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San Francisco’s iconic Transamerica Pyramid sells for $650M, the largest US commercial real estate transaction post-COVID-19

One of the most iconic skyscrapers in San Francisco, the Transamerica Pyramid Center, has officially sold, marking the largest commercial real estate transaction in the U.S. since the COVID-19 outbreak.



a view of Transamerica Pyramid: UNITED STATES - AUGUST 27: Street-level view of San Francisco, California, with a focus on the 1972 Transamerica Pyramid, the city tallest building (Photo by Carol M. Highsmith/Buyenlarge/Getty Images)


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UNITED STATES – AUGUST 27: Street-level view of San Francisco, California, with a focus on the 1972 Transamerica Pyramid, the city tallest building (Photo by Carol M. Highsmith/Buyenlarge/Getty Images)

A joint venture led by New York real estate investment firm SHVO and Deutsche Finance America closed their acquisition of the Transamerica Pyramid on Wednesday.

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The group paid $650 million for the 48-story tower and complex that spans an entire block and includes three buildings totaling 750,000 square-feet in San Francisco’s Financial District. A group of European investors anchored by Bayerisch Versorgungskammer also participated in the deal.

Sources familiar with the deal told Yahoo Finance it’s seen as a huge endorsement for San Francisco

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