Compass CEO, Patrick Barber, on America's Recession Obsession From: Patrick Barber's Facebook Page A recession is defined as a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters. The last recession was closer to a depression. The fundamentals that were at play then - massive subprime mortgage market and a global financial crisis - do not exist today.  Equating all recessions with the 2007-2009 great recession is overly pessimistic. And even then, GDP declined by only 5.1%. No one knows when a recession will strike although some form of a recession is inevitable sooner or later. Currently, the US is experiencing outstanding employment numbers:

Quicklinks: 706SF, the Four Seasons Private Residences, Revealed The Panorama Collection at MIRA SF Coming Soon Models at the AverySF Released 181 Fremont Status Update The Four Seasons Grand Penthouse SF Ultra-luxury New Construction Update A handful of new ultra-luxury developments have been introduced to the San Francisco condo space, bringing a new level of world-class grandeur and amenities rarely seen outside of traditional global markets like New York, London, Hong Kong, and Miami. Traditional luxury buyers, and a new segment of unicorn tech buyers emerging from recent IPO's, are now enjoying a variety of esoteric offerings never before seen in the city. Learn more on our New Developments page 181 Fremont 181 Fremont, with its sophistication and beauty,

Biggest 1-Week Interest Rate Drop in a Decade According to the FHLMC (Freddie Mac), the average 30-year mortgage interest rate dropped to 4.06%, the biggest 1-week decline in 10 years, and down from 4.94% in November 2018. That rates are approaching 4% is an amazing turnaround from expectations a few months ago. A PDF of short-term and long-term interest rate charts  can be downloaded here. CONTACT US

PIER 70 Industrial Revival in Mission Bay/Dogpatch Pier 70 is at the center of a movement to modernize San Francisco's unused industrial land. A collection of industry innovators, artists, and entrepreneurs are revolutionizing the neighborhood just south of Mission Bay with full warehouse renovations, converted commercial space, and loft space. An expected 3,000 new residential units are estimated by 2028 in this waterfront community. Read more about Pier 70 here... CONTACT US

MIRA SAN FRANCISCO PANORAMA COLLECTION MIRA at 160 Folsom Street is the recently released followup to Tishman Speyer’s LUMINA and Infinity luxury high rise view developments, and is expected to open for occupancy later this year. The architecturally daring, modern luxury tower is currently offering 1, 2, and 3 bedroom condominiums with a convenient downtown location in Yerba Buena. Learn more about MIRA... Panorama Collection The highly coveted expanded tower level homes on Floors 36-40 have yet to be released, and are now being referred to as the “Panorama Collection.” These homes will feature high ceilings, unparalleled finish levels, and deep bay and waterfront vistas. MIRA is situated on one of the last true waterfront parcels in the

Is the “Uber Effect” going to be as large as the “Facebook Effect”? The Bay Area housing markets could see another revival with the upcoming IPO's of several major tech names in San Francisco. Uber, Lyft, Airbnb, Pinterest, and Slack are rumored to be going public this year, and roughly 10,000 San Francisco based workers may see significant financial gains when these public offerings hit. This new wave of buyers could shake up a slowing market in the near future... Read the full article at Compass.com

New Construction: Four Seasons Private Residences at 706 Mission One of the most recognized brands in ultra luxury hotels and resorts, the Four Seasons, is partnering with 706 Mission Street Co. LLC (an affiliate of the worldwide real estate developer Westbrook Partners) to create a new standalone private residence collection in the heart of downtown San Francisco. The new project, located at 706 Mission Street, calls for the construction of a new 45-story tower and the complete renovation and refurbishment of the existing historic 10-story Aronson Building next door. Upon completion in 2020, the project will offer 140 new 2-4 bedroom residences ranging from 2,800 to over 4,000 sq. ft. Residents will enjoy access to a state-of-the-art fitness center,

MIRA SAN FRANCISCO PUBLIC RELEASE Tishman Speyer - the developer behind LUMINA and Infinity - has officially launched MIRA San Francisco, their newest luxury high-rise offering, at Folsom and Spear Streets. Please refer to our previous posts regarding details on the development, floor layouts, and initial pricing ranges: MIRA Development Overview MIRA Pricing and Layout Update - September 2018 This project is anticipated to be THE premier South Beach new development condo offering in 2018. There will be a number of units offered in the initial phase, including premium units with unimpeded views of the San Francisco Bay and Bay Bridge. Through our history of sales with the developer, we are able to share specific unit pricing, floor plans,

The Transformation of SoMa: Central and Western SoMa Plans San Francisco's South of Market district is a unique patchwork of commercial retail, office space, bars, restaurants, and light industrial space with a character all its own. The neighborhood has seen substantial growth in the past few years, with major tech companies setting up headquarters in the once-industrial district. A comprehensive rezoning effort called the Central SoMa Plan has just been approved, and another called the Western SoMa Plan is being analyzed by the Environmental Impact Report board (EIR) to help the growing neighborhood address its housing and transit concerns. On a broad level, the plans call for a total of 13 sub-projects across SoMa that will create a sustainable, modern neighborhood,