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Housing prices drop in tech-heavy counties

Runaway Bay Area housing prices — fueled by strong employment and scarce inventory — have started stalling in San Mateo and Santa Clara counties, hinting that even well-salaried professionals have had enough. Resale home prices dropped year-over-year in February in Santa Clara County by 16 percent and in San Mateo County by nearly 6 percent, according to a report released Thursday by real estate data ...more

Bay Area’s largest real-estate firm? It’s a New York startup | News | Palo Alto Online

Compass, the venture-funded real-estate startup that launched its first office in the local market just over two years ago, became the Bay Area’s largest residential brokerage firm this month after acquiring Peninsula powerhouse Alain Pinel Realtors for an undisclosed amount on March 9. The deal will nearly double Compass’ Bay Area headcount by bringing on board 1,300 agents from Alain Pinel, a company whose sales ...more

With Tech IPOs Looming, Here Are 7 Sumptuous San Francisco Homes

To help the newly rich in their transition from apartment dwellers to masters of the universe, we’ve picked 7 San Francisco residences worthy of IPO dough. With Uber, Lyft, Airbnb, and Pinterest each set to go public this year, thousands of San Franciscans are poised to be vested—and raking in tons of cash. And as if the city by the bay didn’t have enough housing problems, ...more

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With Tech IPOs Looming, Here Are 7 Sumptuous San Francisco Homes

With Uber, Lyft, Airbnb, and Pinterest each set to go public this year, thousands of San Franciscans are poised to be vested—and raking in tons of cash. And as if the city by the bay didn’t have enough housing problems, these newly mega-rich tech employees are likely to be looking to upgrade their residences in a big way. While we know rich people don’t need much ...more

With Tech IPOs Looming, Here Are 7 Sumptuous San Francisco Homes

To help the newly rich in their transition from apartment dwellers to masters of the universe, we’ve picked 7 San Francisco residences worthy of IPO dough. With Uber, Lyft, Airbnb, and Pinterest each set to go public this year, thousands of San Franciscans are poised to be vested—and raking in tons of cash. And as if the city by the bay didn’t have enough housing problems, ...more

With Alain Pinel buyout, Compass could become Bay Area’s biggest real estate brokerage

The current issue of Gentry magazine has a two-page ad with the headline “Big Brother or Real Estate Brokerage?” The copy reads: “Some brokerages use your information to make money on more than just real estate and mortgage transactions. We don’t. Your data is yours. Our job is to safeguard it. Period.” The ad is for Alain Pinel Realtors. The unidentified “Big Brother” is Compass, ...more

Unprecedented waterfront Belvedere estate

The idea of building — or attempting to get approved — what most would consider the most spectacular waterfront home ever conceived is daunting in the least, and an arduous task at best. Which is what makes the opportunity afforded by 135 Belvedere Ave. so astounding. The heavy lifting is complete. The city approvals, the San Francisco Bay Conservation and Development Commission permit for a deep water ...more

Compass came from nowhere to become the Bay Area’s biggest residential brokerage

Two years ago, residential real estate brokerage Compass Real Estate had no Bay Area presence to speak of. But following a blistering run of acquisitions that included technology platforms and their biggest competitors in high-end residential real estate, Compass has become the Bay’s largest residential brokerage with 3,000 agents and nearly 100 local offices, the company said this week. Their latest acquisition of a former ...more

Why hasn’t the San Francisco mansion once owned by Nicolas Cage sold?

A San Francisco mansion with an arresting Tudor Revival facade continues to sit on the market without selling, despite a price reduction, a prime location with drop-dead views, and celebrity cache. Hollywood actor and house collector Nicolas Cage famously owned the home on the corner of Francisco and Hyde streets for a brief spell in the 2000s. Originally listed in 2017 for $12 million — ...more

Upcoming Tech IPOs Could Reignite the San Francisco Market

If Uber, Airbnb, Pinterest and Slack join Lyft in going public this year—as is expected—Bay Area buyers could see a significant increase in competition ALEX ZYUZIKOV/GETTY IMAGES The real estate market in the San Francisco Bay Area could be headed for a renaissance this year with an abundance of high-valued IPOs on the horizon, according to a report Friday from Compass. Lyft kicked off its ...more