Emily Landes

New York, San Francisco

Senior Reporter at The Real Deal

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Articles

Grocery Outlet heir sells furnished, full-floor Pacific Heights co-op

1 week ago | therealdeal.com | Emily Landes

A former CEO of Grocery Outlet has sold his full-floor, furnished Pacific Heights co-op for $15.5 million, according to listing agent Joe Lucier of Sotheby’s International Realty – San Francisco Brokerage — half a million off the lowered asking price from last fall and a new high for co-ops and condos in the city in 2025.
SF’s Top Real Estate Minds on Revitalizing Downtown

1 week ago | therealdeal.com | Emily Landes

San Francisco’s downtown commercial owners and tenants said they need the city’s help to support small businesses, cut down on costs, and create safe and reliable transit — all in an effort to draw more workers back downtown. Mayor Daniel Lurie’s administration concurred, at a UC-Berkeley’s Fisher Center for Real Estate-organized event on Monday.
Essex Property Trust goes on $350M Peninsula apartment spending spree

1 week ago | therealdeal.com | Emily Landes

Essex Property Trust is on a Bay Area shopping spree, buying three Peninsula apartment complexes so far this year, while selling off two in Southern California. The San Mateo-based real estate investment trust has spent a whopping $345.5 million on 619 units on the Peninsula so far this year, while also selling off 605 SoCal units — the 255-unit Highridge in Rancho Palos Verdes in February and the 350-unit Essex Skyline in Santa Ana on April 2 — for $366.6 million.
San Francisco Office Leasing Surges to Post-Pandemic Highs

2 weeks ago | therealdeal.com | Emily Landes

Leasing activity in San Francisco hit its highest volume since the pandemic, according to first-quarter data from multiple commercial firms. Close to 3 million square feet of office space was leased in the city during the quarter, according to CBRE and Colliers. More tenants also committed to larger spaces, the brokerages noted, including big renewals and expansions for Google and JP Morgan Chase, as well as substantial new leases for Databricks, law firm Morgan Lewis and Twilio.
Movie theater rezoning 20 years in the making moves forward

2 weeks ago | therealdeal.com | Emily Landes

Is the third time the charm for a long-simmering redevelopment in the Richmond District? After over 20 years of failed plans to turn the dilapidated Alexandria Theater on Geary into everything from a restaurant and condominium development to a swimming pool and offices, developer TimeSpace Group recently received San Francisco Planning Commission approval for a zoning variance to build 75 housing units up to 85 feet high, more than double the current height allowance of 40 feet.
Cypress Capital picks up Marina multifamily for $17.5M

2 weeks ago | therealdeal.com | Emily Landes

A new multifamily trade on a rare non-rent-controlled building in San Francisco’s Marina District is the city’s most expensive per-door trade “by a wide margin” so far this year, according to Compass agent Adam Filly, who listed 3322 Buchanan last fall and represented the buyer in the competitive offer situation as well. (Stephanie Dewey)Even though it quickly went into contract in late October, the sale closed April 1 at the request of the previous owner’s estate, Filly said.
East Bay Vineyard With Baseball Field to Hit Auction Block

3 weeks ago | therealdeal.com | Emily Landes

After a year on the market, an East Bay vineyard with its own baseball field is hitting the auction block and its owners say no previous winemaking experience is required!After all, Campos Family Vineyards owners Ric and Michelle Campos had never owned a winery before they bought the 44-acre Contra Costa property for $5 million in 2016. “We said, ‘You’re nuts. We don’t know anything about farming.
San Francisco’s fastest-selling condo is definitely not in downtown

3 weeks ago | therealdeal.com | Emily Landes

The “It” buildings in each of The Real Deal’s markets are condo developments that typify the moment in their regions, according to brokers, insiders and our reporters’ carefully honed instincts. You can read the full series here. JS Sullivan’s Steve Const knew pretty quickly that the San Francisco-based developer had a hit on its hands with Maison Pacific, a six-story 53-unit condo project in Russian Hill that came to market in the fall of 2023 and sold out in a year.
Presidio Heights home on “top-ten block” sells for over $1M above ask

4 weeks ago | therealdeal.com | Emily Landes

A Presidio Heights home that hasn’t changed hands in over 40 years went for more than $1 million over its $6.5-million asking, a sign that inventory-starved high-end buyers may finally be looking beyond turnkey properties — if the location is right.
Default “imminent” on Berkeley’s largest hotel, biggest waterfront tenant

4 weeks ago | therealdeal.com | Emily Landes

Berkeley’s largest hotel and biggest waterfront tenant is headed toward default, according to Morningstar. The $48.3 million loan on the 378-room DoubleTree Berkeley Marina was transferred to special servicing this month for “imminent monetary” default. The ratings company gave low revenue as one reason for the default, with a debt service coverage ratio of just .34x last year. It has been below issuance since the pandemic, according to Morningstar.