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	<title>homesmillbrae.com &#187; Bay Bridges</title>
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		<title>Swanky Marin mansion sold for&#8230; big bucks</title>
		<link>http://homesmillbrae.com/1927/swanky-marin-mansion-sold-for-big-bucks/</link>
		<comments>http://homesmillbrae.com/1927/swanky-marin-mansion-sold-for-big-bucks/#comments</comments>
		<pubDate>Mon, 31 Dec 2012 06:47:00 +0000</pubDate>
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				<category><![CDATA[SF Bay Area News]]></category>
		<category><![CDATA[Acre Waterfront]]></category>
		<category><![CDATA[Alcatraz Island]]></category>
		<category><![CDATA[America S Cup]]></category>
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		<category><![CDATA[Villa Belvedere]]></category>
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		<description><![CDATA[(12-30) 17:32 Pst Belvedere &#8211; One of the swankiest properties on the Bay Area market has been sold &#8211; but the price and the owner are for now a mystery. A brand-new Belvedere Island mansion in Marin County , trumpeted by &#8230; <a href="http://homesmillbrae.com/1927/swanky-marin-mansion-sold-for-big-bucks/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><strong>(12-30) 17:32 Pst Belvedere</strong> &#8211; One of the swankiest properties on the Bay Area market has been sold &#8211; but the price and the owner are for now a mystery.</p>
<p>A brand-new Belvedere Island mansion in Marin County , trumpeted by <a href="http://www.sfgate.com/realestate/">real estate</a> agents as &#8220;Villa Belvedere,&#8221; was scheduled to be auctioned off Sunday to bidders willing to fork over at least $25 million.</p>
<p>But before the auction, the developer accepted an offer from a buyer, said auction consultant Guy Masters.</p>
<p>Masters said that under a non-disclosure agreement, he could not reveal the selling price or buyer of the 15,500-square-foot, seven-bedroom home and its surrounding 1.14-acre waterfront lot. He would not say whether the property had sold for more or less than the $25 million asking price.</p>
<p>&#8220;I can only tell you it&#8217;s under contract,&#8221; he said.</p>
<p>Developer Jeff Paster spent about $34.5 million buying the property and building the massive edifice, which was completed early this year. It was first listed for $45 million, then $35.88 million before it was slated to go on the auction block.</p>
<p>The layout of the mansion, designed by architect Sandy Walker, is perhaps more stunning than the asking price, which was considered a bargain for such splashy digs.</p>
<p>Nearly every room offers picturesque views of the Golden Gate and Bay bridges, San Francisco, Alcatraz Island and the bay, which real estate agents noted would come in handy for the millionaire buyer who fancies watching the 2013 America&#8217;s Cup races from the comfort of home.</p>
<p>The posh pad also includes eight full and two half-bathrooms, solar panels on the roof, wall-mounted iPads to control room conditions, a temperature-controlled wine cellar, a screening room, an indoor sauna, an elevator to all three floors, an outdoor pool and spa, and a terrace paved with fossil stones.</p>
<p>The Belvedere mansion is the latest of an increasing number of <a href="http://www.sfgate.com/realestate/luxuryhomes">luxury homes</a> that are on track to be sold while not in foreclosure, a welcome change from recent history, real estate agents said.</p>
<p>Properties that were recently sold at comparable prices include a $100 million Los Altos Hills mansion and a $28.8 million mansion on Broadway in San Francisco. Other homes in the Bay Area have sold for $23.5 million to $33 million in the last five years, according to the real estate researcher DataQuick.</p>
<p>But homeowners who have their hearts set on the Belvedere home &#8211; and who still have a few extra million bucks left over from Christmas &#8211; needn&#8217;t despair.</p>
<p>The developer &#8220;is accepting back-up offers if someone wants to make another offer,&#8221; Masters said. Interested buyers can contact real estate agent Olivia Hsu Decker at (415) 435-1600.</p>
<p class="dtlcomment">Stephanie M. Lee is a San Francisco Chronicle staff writer. E-mail: slee@sfchronicle.com Twitter: <a href="http://twitter.com/stephaniemlee">@stephaniemlee</a></p>
<p>Article source: <a href="http://www.sfgate.com/bayarea/article/Swanky-Marin-mansion-sold-for-big-bucks-4155987.php">http://www.sfgate.com/bayarea/article/Swanky-Marin-mansion-sold-for-big-bucks-4155987.php</a></p>]]></content:encoded>
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		<title>Dick Spotswood: Sinking those toll dollars into SF real estate &#8211; Marin Independent</title>
		<link>http://homesmillbrae.com/1197/dick-spotswood-sinking-those-toll-dollars-into-sf-real-estate-marin-independent/</link>
		<comments>http://homesmillbrae.com/1197/dick-spotswood-sinking-those-toll-dollars-into-sf-real-estate-marin-independent/#comments</comments>
		<pubDate>Sun, 08 Jan 2012 16:56:16 +0000</pubDate>
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				<category><![CDATA[SF Bay Area News]]></category>
		<category><![CDATA[Air Quality Control]]></category>
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		<description><![CDATA[EACH YEAR available funds for basic governmental service decrease. In Marin, police, fire, schools, sewers, public transit and social services all have to make do with less. Part of the cause is too much tax revenue ends up paying for &#8230; <a href="http://homesmillbrae.com/1197/dick-spotswood-sinking-those-toll-dollars-into-sf-real-estate-marin-independent/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p><span />
<p class="dropcap3raggedright">EACH YEAR available funds for basic governmental service decrease. In Marin, police, fire, schools, sewers, public transit and social services all have to make do with less. Part of the cause is too much tax revenue ends up paying for needless bureaucracies and their gold-plated trappings. </p>
<p class="bodytextragright"> The best government professionals understand the new and permanent reality that their agencies need to become lean and efficient. Others still don&#8217;t get it.</p>
<p> Exemplifying the clueless are regional agencies led by the Metropolitan Transportation Commission who late last year voted to spend $167 million in bay bridges toll money to buy and remodel a 1940s-era eight-story office building in San Francisco&#8217;s booming South of Market district. </p>
<p>Moving in with MTC are the Bay Area Air Quality Control District and the Bay Conservation and Development Commission. The rationale is that all of these agencies need more space for their ever-increasing staffs. The financial justification is that during the next 20 years, earnings from renting excess space in the building at 390 Main Street will reap substantial profits that will more than pay the structure&#8217;s initial cost. </p>
<p> Trust that and you rely on the Tooth Fairy to fund your dental work.</p>
<p> The MTC will move from Oakland&#8217;s Joe Bort Metrocenter, which it shares with the Association of Bay Area Governments. Presumably, ABAG, with its own growing staff, is delighted to </p>
<p>take over the building.
<p> This is a Marin issue just as much as it relates to any of the Bay Area&#8217;s nine counties. </p>
<p>These regional bureaucracies stay under the radar because they aren&#8217;t responsible to any one county. Allegedly, they are responsible to the whole region. Effectively, they are responsible to no one. </p>
<p>Marin&#8217;s veteran MTC representative is Supervisor Steve Kinsey. He&#8217;s a key player at every step backing MTC&#8217;s publicity-shy honcho Steve Heminger. </p>
<p>Moving MTC from Oakland was a fight. Oakland is a troubled city that relies on high-paying government jobs to create its middle class. Oakland&#8217;s struggling downtown is chock-a-block with vacant 1940s-era office buildings. Many can be rented for a song, with owners delighted to make tenant improvements in return for long-term leases. </p>
<p> Purchasing 70-year-old 390 Main St. was decided on a 8-6 vote, with Kinsey standing with the majority.</p>
<p> When pondering why three regional agencies would need to purchase a 497,204-square-foot building to house their expanding staff, the question necessarily arises as to what it costs to pay these folks. </p>
<p> Check its employment numbers: MTC has 220 employees costing $30.5 million including &#8220;salaries and benefits&#8221; plus &#8220;other expenses.&#8221; That doesn&#8217;t include $39.8 million in &#8220;professional fees&#8221; </p>
<p>  The Bay Area Air Quality Management District of &#8220;Spare the Air on Christmas&#8221; fame has an astounding 321 employees. Its annual staff expenditures total $46.7 million, averaging $145,482 per employee, including pensions and health care. That&#8217;s plus $11.2 million for consultants. Monitoring chimneys is expensive. </p>
<p>The new edifice will house 580 full-time employees, whose annual earnings  total  $81.1 million. </p>
<p>What does the public get in return? Paper-pushers expert at mission creep. </p>
<p>That&#8217;s the definition of a project going well beyond its original assignment.</p>
<p>Invented with much promise in the 1970s, regional transportation, housing and air quality agencies thrive all over the Golden State. They are staff-heavy regional agencies, few of whom perform any on-the-ground public services. They are masters of &#8220;coordination.&#8221; </p>
<p> Now it&#8217;s clearer why municipalities have fewer firefighters, police, librarians, street repair crews, teachers, bus drivers and nurses. </p>
<p>A route to fostering people-serving public services is by dismantling this statewide web of empire-building bureaucracies that employ thousands and cost hundreds of millions.  </p>
<p class="taglinetrailer">Columnist Dick Spotswood of Mill Valley shares his views on local politics every Sunday in the IJ. His email address is spotswood@comcast.net. Read his musings at  http://blogs.marinij.com/spotswood/</p>
<p><span /></p>
<p>Article source: <a href="http://www.marinij.com/opinion/ci_19691993">http://www.marinij.com/opinion/ci_19691993</a></p>]]></content:encoded>
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