225 Bush St. — the Standard Oil Building.

J.K. Dineen
Reporter- San Francisco Business Times

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Downtown San Francisco is for sale. With values reaching, and in some cases surpassing, the peak reached in 2006, property owners are rushing to market with a wide range of building types.

Click the image to see a slideshow of S.F. buildings on the block.

Properties being offered include Hines 
 

Hines
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iconic 101 California St., which has never sold before and could reach $1 billion. There are historic buildings like 225 Bush St. and corporate headquarters properties like 50 Beale (Bechtel) and 550 Terry Francois Blvd. (the Gap)

The stream of pending deals will create a welcome cash flow into city coffers.

With two transfer tax increases passed over the past few years, San Francisco now has a 2.5 percent transfer tax for transactions over $5 million. If everything sells that is currently on the block, the city could raise $125 million.

That is a lot of DPW workers, teachers, social workers, police officers and park directors.

J.K. Dineen covers real estate for the San Francisco Business Times.

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Article source: http://www.bizjournals.com/sanfrancisco/blog/real-estate/2012/07/take-a-tour-of-san-francisco-office.html

Tim J. Gullicksen is a San Francisco Real Estate Agent at Zephyr Realty.

If this is a bubble, then it cannot last. One sector of the local economy (high tech) may be doing well, but the national and international forecasts are more gloomy

San Francisco, CA (PRWEB) June 05, 2012

Tim Gullicksen of Zephyr Realty, a San Francisco real estate agent, is announcing that the high prices of real estate properties throughout the San Francisco Bay Area may only be another “bubble” that will soon go down in this current economic state.

“If this is a bubble, then it cannot last. One sector of the local economy (high tech) may be doing well, but the national and international forecasts are more gloomy. At best, the recovery is going achingly slow and unemployment remains high. At worst, we could have a world-wide double dip to our great recession,” Gullicksen said. “So can the vast increases in sales prices for homes in these highly desirable real estate markets really stay up there in the stratosphere? No one knows for sure, but my money is on ‘not likely.’”

From data and analysis of the current real estate market, this potential bubble is a combination of the Facebook initial public offering, historically low interest rates, the most anemic inventory of homes for sale in memory and the collective realization by the market that real estate values aren’t going any lower.

“When you combine economic confidence with a lot of buyers competing for very few listings, you have a recipe for sky-rocketing prices” Gullicksen said.

Properties are selling for 10 to 20 percent above what the recent comparables justify and often receive multiple offers; however, there is no economic recovery underpinning this massive and sudden increases in value.

For more information about Tim Gullicksen of Zephyr Realty, call 415-655-1588, view him on the Web at http://www.timgullicksen.com or visit 2523 California St. in San Francisco.

About Tim Gullicksen of Zephyr Realty

Tim Gullicksen of Zephyr Realty is a San Francisco real estate agent who specializes in a broad spectrum of San Francisco real estate property types, from affordable units sold through the Mayor’s Office of Housing to multi-million dollar buildings and single-family homes. Gullicksen works with experienced and first-time home buyers in San Francisco to find them the right home.

For more than 30 years, Zephyr Realty has been one of the most respected real estate firms in San Francisco. Its reputation as a highly professional and effective group of agents is recognized by both clients and the entire real estate community. As the most successful independent real estate firm serving San Francisco, with more than $1 billion in gross sales annually, its real estate agents understand the San Francisco market like no one else.

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Article source: http://www.prweb.com/releases/real-estate/san-francisco/prweb9573062.htm