April 16, 2008

It's Safe To Get Back Into The Water!

It's official, all sharks have left the south of market area, unless of course you include anyone in a leisure suit at The View Lounge at the 4th St. Marriott.

Three black-tipped reef sharks swam all the way from the South of Market to Golden Gate Park on Wednesday, joining a flurry of fish and a regiment of rays at the new California Academy of Sciences.

In tubs and tanks and by truck - and swimming all the time- they covered 5.4 miles to reach their permanent home.

For Bart Shepherd, curator of the Steinhart Aquarium, and Freeland Dunker, the academy's veterinarian, it was a journey that began in tension and ended in relief two-and-a-half hours later.

The sharks are tender creatures, and moving them from their temporary downtown home on Howard Street took four fast and delicate transfers, one shark at a time:

From their 20-foot-wide, ground floor circular tank, where they've been living for a year and a half, into a 40-gallon water-filled tub for a move to the street; then into a 300-gallon, truck-borne water tank for the swimming trip to the park; and finally into another mobile tub for a watery ride on a freight elevator to their final destination - a sandy reef-bordered tank inside the new academy building, where rays and fish live too.

On a daily basis now, the academy is moving everything living, pickled, pinned or stuffed to its new museum, which is scheduled to open Sept. 29.

The academy's 10 rays moved in on Tuesday, and Diego, the 80-pound sea turtle, arrives Friday. The first trees of the towering tropical rain forest were planted in December, and they're already flourishing. The living roof of the building is green with plants and home to birds, bees and butterflies. The Planetarium dome is ready for its star machine, and the African Hall's dioramas are being painted. But moving the black-tipped reef sharks (Carcharhinus melanopterus) was perhaps the most complex move so far.

Near the end, Shepherd - garbed in wetsuit, mask and snorkel - had to baby the last of the three female sharks along in her big new home until she was finally able to cope with the varied water changes in salinity, acidity and oxygen level she had encountered during her morning-long adventure. Her two companions had stayed frisky all the way.

"It's always a time of tension when you have to move fish," Shepherd said, "and it's a huge relief when it's over."

The third female, nearly 3 feet long like the other two, was visibly tired and even a little sleepy from hyperoxygenation and was almost motionless after Shepherd's crew of assistants moved her into the large sandy-bottomed reef tank.

Tenderly then, Shepherd eased her along through the water with his gloved hands and moved her tail back and forth to simulate her natural swimming motion and bring her blood pressure back toward normal.

With her pectoral fins spread wide, she seemed to let Shepherd half-guide her until, after half an hour, she exploded out of his hands with her tail thrashing furiously. She swam swiftly off to join the other two across the broad lagoon, where they'll live from now on - immediately next to the academy's huge living reef of Philippine corals.

"I wasn't too worried," Shepherd said later, "because she was breathing really well and her eyes were open all the time. But then, you always worry at least a little. Things can get tense."

Dunker, the vet, had his hands full, too. Before the sharks left Howard Street, he and his high-tech assistants had to weigh and measure each one and during the course of the trip, they monitored the salinity of the water carefully. On Howard Street, the salt water was chemically made; in their new home, the water comes directly by underground pipe from the Pacific Ocean just off Ocean Beach.

The vet staff also kept records on the water's oxygen levels and acidity during each transfer, and before the work started drew 2 milliliter blood samples from each shark - to test in the lab for stress levels and to freeze for future research.

The staff also carefully spotted each shark's left pectoral fin with silver nitrate to identify it as female, and each had already been tagged with a computer chip to follow its health as it grows -eventually, perhaps, to as much as 6 feet.

It was as scientific as you get when you're moving fish around, and no one got a shark bite, Dunker said.

The new home for the sharks also holds a dozen or so rays of several species, who swooped after the first shark as if she were an interloper, but soon tired of the chase.

There was also a welcoming committee of small Pacific tarpon (Megalops cyprinoids), a bunch of butterfly fish (Heniochus acuminatus) and many moonyfishes or monos (Monodactylus argenteus). None of them seemed to care about their new lagoon mates, and although the sharks hadn't been fed for two days and won't be fed again for another day or so, they paid no attention to their company.

"But they're predators," Shepherd said, "and when they do begin to be hungry, the fish will have found plenty of hiding places in the reef rocks around them."

E-mail David Perlman at dperlman@sfchronicle.com.

March 21, 2008

Lowballing

Given all the changes in the market, I guess it isn't too surprising that lowballing has made it into an article at the NY Times.

The article talks about lowballing (which they define as an offer of less than 90% of asking), and where it is happening in the NYC area. The SF market is a different beast, but it does happen out here, and buyers are definitely much more aggressive in asking for things from sellers these days!

March 20, 2008

Green Building...

Looks like SF is about to implement a green building code! From the SF Chronicle...

San Francisco moved a step closer Wednesday to imposing the country's most stringent green building codes, regulations that would require new large commercial buildings and residential high-rises to contain such environmentally friendly features as solar power, nontoxic paints and plumbing fixtures that decrease water usage.

From our friends at Polaris...

It might not be common knowledge, but Polaris group is the new development branch of Zephyr Real Estate. Or maybe that's too broad and it would be better to say that their is a historical relationship between the principals of Polaris and Zephyr. Anyway, good guys.

It's been up a while, but if you haven't visited the website for the sfblu (Folsom at 2nd), you definitely should. As plenty of others have blogged about, it looks like they will be good.

One of their other new projects is also not too far from the Z soma office - this one a little further off in the pipeline at 2 Colin P Kelly Jr St. I have to say I'm not a big fan of new buildings built inside the historic facade - not my favorite visual effect, but we'll just have to wait and see how this turns out.


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March 14, 2008

Not New News, But Finally Some Reality

This just in, forclosures not all they've cracked up to be!

http://articles.moneycentral.msn.com/Banking/HomeFinancing/ForeclosureCrisisIsOverblown.aspx

Move Ins at One Rincon

In the February 28th issue of the San Francisco Business Times, J.K. Dineen reported that 17 homeowners have moved into One Rincon.  He further reported that, "at the Infinity, 11 units have closed and a few new homeowners have moved into the building."

Last fall, one of the questions raised was that some buyers would be unable to secure financing in the current tight credit markets.  Dineen reported that "15 buyers who were in contract have walked away from their deposits."

"At One Rincon, the average price per square foot has jumped from $900 18 months ago to an average of $1,004."  If you are looking to buy into one of the new developements in South Beach or SoMa, this price per square foot information can be useful to you.  Keep in mind that the One Rincon units have great views.

Look for future blogs to provide additional information on other new developements in SoMa and South Beach.

Sam Vitkoski

SoMa Specialist

February 12, 2008

New Construction on Potrero Hill

With all the new construction going on in The City, everyone has an opinion, including me!

Potrero Hill is the first neighborhood where I owned property when I moved back to San Francisco from the East Coast. This was in the late 90's and at the time I worked at KOFY Television, home of Jim Gabbert's Dance Party. The TV station was in a heavily industrial area right below the 101 freeway near Cesar Chavez so on my lunch hour I would wander around the neighborhood looking for new construction homes that I could afford. Finally I was able to purchase a 3 bedroom townhouse just one block below the public housing projects at 25th and Mississippi in Potrero Hill. I lived happily there for 6 years and then sold it for double what I had paid for it and then bought a big loft in SOMA where I live now.

Last week when my office mates and I went on a bus tour of the latest new construction developments, it crossed my mind that there are new opportunities for people to purchase a property that has the potential to appreciate over the coming years and provide an appealing place to live. But everyone has an opinion. So here's mine on one of the many new developments.

The Potrero is a new complex at the bottom of Potrero Hill. All the units are complete and people have already moved in. The location is ideal, just above the new Whole Foods and within walking distance of all the cool restaurants, bars and stores on 18th Street. The units themselves are well priced and the finishes are nice. But the upside of this property, in my opinion, is the resale and investment potential. Potrero Hill as a neighborhood has become more and more popular and is often called the new Noe Valley. With the massive building of the UCSF complex, more and more renters and buyers are being drawn to the area. If I was a first time home buyer and wanted a nice new place to live in a up and coming neighborhood, I would definitely consider The Potrero. It is likely to hold its value and if you decide you want to hold the property once you move on, there certainly doesn't seem to be a short supply of renters looking for a place to live especially if they commute to the south bay.

Remember, it doesn't cost the buyer a dime to be represented by a licensed real estate agent and an independent agent has your best interests in mind. The sales person at a new construction sale office has the job of selling you one of their units. Be fully informed when you purchase new construction, For more information on The Potrero or  any of the other new construction in San Francisco, contact a SOMA Specialist thru this website and we will be happy to share our professional opinions with you too!

January 29, 2008

SOMA Grand or Not-So-Grand?

The corner of Mission and 7th got a big spruce-up with the construction of the new Federal Building, which opened in 2007. Just down the block from that is the new Soma Grand, a condo project that offers a cool set of amenities as part of the monthly dues: twice-a-month housekeeping service, wine tasting, and a hot tub on the roof.

John King of the Chronicle, the guy who writes about architecture, chimes in with his take on the building, and the verdict is not so good. Sprinkled with words like "slab," "ungainly," "just flat concrete," and "just business," the article paints a boring picture of Mission Street's latest residential project.

Will the look deter buyers? Bring them in? The outcome remains to be seen.

January 24, 2008

One Rincon Tower

Recently, Carl Nolte wrote a column in the San Francisco Chronicle about the water tank which will be installed on top of One Rincon to counteract wind.  For those of you who may have missed that article and are interested in the One Rincon complex or interested in condominiums in other high rise buildings where wind many be factor with which to contend, click here to read the article.

Nolte writes, "The roof of the almost-finished One Rincon Hill condo tower seems like the very top of San Francisco.  Though it is not the biggest building in the city, One Rincon is the tallest thing south of the main business district, and it stands alone, like a beacon."

Nolte further writes, "One Rincon at First and Harrison streets is the first and the higher of two towers to be built atop Rincon Hill.  Both are on a hilltop with no buildings of the same size nearby to break the wind."

Check back for more information on new developments in SoMa.

Sam Vitkoski

SoMa Specialist

SF Business Times Article - SF Condos looking solid

In a recent edition of the San Francisco Business Times J.K. Dineen wrote an article about the condo market in the city.  Unfortunately, I cannot insert a link to the article.  However, for prospective buyers interested in the condo market, I recommend the article.

Dineen wrote "More than 2,500 new condominiums across the city will be move-in ready this year.  On Rincon Hill some 700 new homeowners will take occupancy in the Infinity and One Rincon Hill.  In Mission Bay', Intracorp's green Arterra will take root, and the first phase of Nat Bosa's Radiance should open.  On the other side of Market Street will be the Hayes, Symphony Towers and the Argenta."  Dineen further wrote that "industry observers will be watching closely for defectors.  What percentage of buyers will walk away from the 3% deposit put down when the unit went into contract?"  I recommend the article. 

Check back in the next few weeks.  My colleagues and I will be writing about sales in specific buildings, incentives offered in selected buildings, and new sales offices opening.  I also suggest for your reading pleasure an earlier post by my colleague, Virginia Thackwell. in which she cited reasons for engaging a buyer's agent to represent in the purchase of a home in a new development.

Sam Vitkoski

SoMa Specialist