Massive Mansion in San Francisco’s Pacific Heights Hits Market for $40 Million

San Francisco’s real estate market just a hit a new high.

A newly-constructed 11,400-square-foot limestone house can be yours for a whopping $40 million.

The home’s astronomical price tag begins to make sense – kind of – when you realize that it is located in the city’s affluent Pacific Heights neighborhood. Taking it a step further, the residence at 2712 Broadway was built on the highly sought-after three-block stretch of land called the Gold Coast or, perhaps more aptly, Billionaire’s Row, according to the SF Gate.

Your neighbors could include Oracle founder Larry Ellison and philanthropist couple, Ann and Gordon Getty.

The sprawling mansion features seven bedrooms, eight bathrooms and four half-baths, courtesy of developer Bill Campbell. It also offers a gourmet kitchen, a spa, a gym and massage room, a theater and two wine rooms, the SF Gate reported.

And if your feet grow tired covering that much space, an elevator can whisk you away to the terrace. 

$40M Pacific Heights Mansion is SF’s Most Expensive Home

Campbell of Marble Management told the Wall Street Journal that he has applied for LEED platinum certification, having outfitted the house with a solar water heating system and underground tanks to store and reuse runoff.

And that’s not all.

Floor-to-ceiling windows – made of course of non-reflective glass – cater to jaw-dropping views of the San Francisco Bay, the Golden Gate Bridge, the Presidio, Sausalito and the island of Belvedere, the SF Gate said.

Campbell spent $7.8 million on 2712 Broadway in 2009. He demolished the clapboard that dated back to the 19th century, and then, over the next four years, built an “on-spec” home, the Wall Street Journal reported. That means he didn’t construct the house for any specific buyer.

Public records show that a nearby Gold Coast mansion sold for $35 million in 2013, according to the Wall Street Journal.

Val Steele of Pacific Union International and Tom Biss of Sotheby’s International Realty represent the property at 2712 Broadway.

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US Missile Strikes in Syria Trigger Protests in San Francisco

The night after the U.S. military launched missiles into a Syrian air base, protests brewed across the country. From San Francisco to New York, people spoke out against President Donald Trump’s show of power.

The Syrian military said the strike killed at least seven people and wounded nine others, according to The Associated Press. The U.S., at Trump’s command, launched 59 Tomahawk cruise missiles at a Syrian airfield in response to a deadly chemical attack in Idlib on Tuesday.

“I’m vehemently opposed to bombing of Syria,” said David Welsh of Berkeley, California. “We need to pull back from the brink. This is a terrible development.”

Trump said he ordered the action after seeing proof that Syrian President Bashar Assad was responsible for the chemical attack, which killed more than 80 people.

Watch: Trump’s Full Remarks on US Missile Strike in Syria

President Donald Trump spoke at Mar-a-Lago late Thursday, saying the U.S. missile strike on Syria was in the “vital national security interest” of the United States. The strike comes after the chemical weapons attack in Syria killed at least 100 people, including children.

(Published Thursday, April 6, 2017)

Protesters said they aren’t convinced Assad is responsible.

The president may view the attack as a success if the use of chemical weapons stops. But political experts say with the show of force is risky, with Russia backing Assad.

“This plunges us into an arena that puts us in a position of danger,” said Karthika Sasikumar, a political science professor at San Jose State University. “Risking escalation with Russia – we might regret doing this.”

Russia called the bombing a significant blow to U.S.-Russian relations.

See Images From the US Missile Strike on Syria

“The U.S. needs to come home, take care of business here, and stop interfering in other countries in the world,” Welsh said.

Protesters are urging people to rally together and show the Trump administration that they don’t support military involvement in the Middle East.

In Manhattan, New York, hundreds of demonstrators took to the streets of Midtown and Union Square to voice their opposition to the U.S. strikes on Syria on Friday night.

“It’s only going to escalate the violence,” protester Martin Jennings said. “I’m really concerned about the future of the Syrian people.”

Watch: US Warships Launch Tomahawk Missiles at Syria

The United States launched cruise missiles into Syria Thursday night, April 6, in retaliation for this week’s gruesome alleged chemical weapons attack against civilians.

(Published Friday, April 7, 2017)

Thursday’s attack was the first direct American assault on the Syrian government and Trump’s most dramatic military order since becoming president just over two months ago. The strikes also risk thrusting the U.S. deeper into an intractable conflict that his predecessor spent years trying to avoid.

The Associated Press contributed to this report.

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Murder suspect posts $35M bail, upsetting victim’s family

http://www.sfgate.com/news/crime/article/Murder-suspect-raises-unprecedented-35M-bail-via-11054100.php


Updated 1:33 am, Friday, April 7, 2017

  • c0265 920x920 Murder suspect posts $35M bail, upsetting victims family

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Geoff Carr, right, attorney for Tiffany Li, talks with reports outside San Mateo County Jail on Thursday, April 6, 2017, in Redwood City, Calif. Tiffany Li, a Northern California woman accused of killing the father of her two children, posted an unprecedented $35 million bail raised by friends, family and business associates with ties to China. less


Photo: Tony Avelar, AP


REDWOOD CITY, Calif. (AP) — A Chinese real estate scion charged with orchestrating the murder of her children’s father was released from a San Francisco Bay Area jail Thursday after posting $35 million bail, a highly unusual financial transaction that startled and angered the victim’s family and friends.

Tiffany Li will remain out of custody after family, friends and her mother’s business associates raised $4 million cash and pledged Bay Area properties worth a combined $62 million to post her bail. Courts require double the bail amount when property is pledged instead of cash.



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“Nothing about this seems right,” said Angela Dunn, a close friend of the victim who shared her home with him in the six months before his death. Dunn said the victim’s mother is taking Li’s release especially hard.

Court records show 15 properties being pledged. Li’s attorney Carr said the properties are owned by family and business associates of Li’s mother, who spends most of her time in China where she profited from real estate investments.

Li, 31, is charged with directing her boyfriend and another man to kill Keith Green, 27, and dispose of his body, which was found in May with a bullet wound to the neck 80 miles (129 kilometers) north of the suburban San Francisco mansion he and Li once shared with their two young daughters.

Prosecutors say Li feared she would lose custody of her daughters. Li and the two men were arrested shortly after Green’s body was found and the trio is scheduled to stand trial in September. Li has pleaded not guilty.

A bodyguard ushered Li out of jail and into a waiting Cadillac Escalade Thursday afternoon, three hours after a judge ordered her released. The two men charged in the case remain in jail and haven’t asked for bail to be set because they don’t have the financial backing Li has, Li’s attorney Geoff Carr said.

“They have great resources and we are just regular folks,” Dunn said.

The bail system in the United States has been under legal and legislative attack in recent years. A number of class action lawsuits have been filed across the country challenging the constitutionality of requiring defendants to post cash bail to go free before trial. Critics of the system argue that cash bail schemes like the one found in California state court unfairly disadvantage poor suspects who can’t afford to post bail while allowing wealthy defendants like Li to go free pending trial.

Authorities in neighboring San Francisco County say they are examining cash bail requirements there after inmates filed a lawsuit.

Two California legislators have introduced bills seeking to dramatically overhaul the state’s bail requirements, eliminating cash demands in most cases and taking into account a suspect’s income in cases still requiring money bail.

The California lawmakers and supporters of their bills argue that the current system keeps many innocent people behind bars, disproportionately affects minority defendants and encourages some suspects to plead guilty simply to get out of jail.

Li is charged with directing her boyfriend Kaveh Bayat and Olivier Adella to kill Green and dispose of his body last year. Li and Green had an acrimonious split in October 2015 after Green discovered Li’s relationship with Bayat, Dunn said.

Li kicked Green out of the multimillion dollar home they shared with their children in Hillsborough, a suburb of mansions and large houses 20 miles (32 kilometers) south of San Francisco.

Carr said all defendants except those accused of death penalty-eligible crimes are entitled to “reasonable bail.”

The $35 million bail is the highest ever in San Mateo County’s history, a county official said.

San Mateo District Attorney Steve Wagstaffe said he’s concerned Li is a flight risk and is disappointed the judge didn’t set the bail even higher. His office asked for $100 million.

“If convicted she faces the rest of her life in prison,” Wagstaffe said. “That’s plenty enough incentive to flee back to her native China.”

Li will be required to turn over her passports, wear an electronic monitor and remain under house arrest.

Carr says the people who posted Li’s bail believe she is innocent and will not flee. If she does go on the lam, the court can confiscate the property and cash.

Article source: http://www.sfgate.com/news/crime/article/Murder-suspect-raises-unprecedented-35M-bail-via-11054100.php

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Calif. murder suspect posts $35 million bail – Sarasota Herald

REDWOOD CITY, Calif. — A Chinese real estate scion charged with orchestrating the murder of her children’s father was released from a San Francisco Bay Area jail after posting $35 million bail, a highly unusual financial transaction that startled and angered the victim’s family and friends.

Tiffany Li will remain out of custody after family, friends and her mother’s business associates raised $4 million cash and pledged Bay Area properties worth a combined $62 million to post her bail. Courts require double the bail amount when property is pledged instead of cash.

“Nothing about this seems right,” said Angela Dunn, a close friend of the victim who shared her home with him in the six months before his death. Dunn said the victim’s mother is taking Li’s release especially hard.

Court records show 15 properties being pledged. Li’s attorney Carr said the properties are owned by family and business associates of Li’s mother, who spends most of her time in China where she profited from real estate investments.

Li, 31, is charged with directing her boyfriend and another man to kill Keith Green, 27, and dispose of his body, which was found in May with a bullet wound to the neck 80 miles  north of the suburban San Francisco mansion he and Li once shared with their two young daughters.

Prosecutors say Li feared she would lose custody of her daughters. Li and the two men were arrested shortly after Green’s body was found and the trio is scheduled to stand trial in September. Li has pleaded not guilty.

A bodyguard ushered Li out of jail and into a waiting Cadillac Escalade Thursday afternoon, three hours after a judge ordered her released. The two men charged in the case remain in jail and haven’t asked for bail to be set because they don’t have the financial backing Li has, Li’s attorney Geoff Carr said.

“They have great resources and we are just regular folks,” Dunn said.

The bail system in the United States has been under legal and legislative attack in recent years. A number of class action lawsuits have been filed across the country challenging the constitutionality of requiring defendants to post cash bail to go free before trial. Critics of the system argue that cash bail schemes like the one found in California state court unfairly disadvantage poor suspects who can’t afford to post bail while allowing wealthy defendants like Li to go free pending trial.

Authorities in neighboring San Francisco County say they are examining cash bail requirements there after inmates filed a lawsuit.

Two California legislators have introduced bills seeking to dramatically overhaul the state’s bail requirements, eliminating cash demands in most cases and taking into account a suspect’s income in cases still requiring money bail.

The California lawmakers and supporters of their bills argue that the current system keeps many innocent people behind bars, disproportionately affects minority defendants and encourages some suspects to plead guilty simply to get out of jail.

Li is charged with directing her boyfriend Kaveh Bayat and Olivier Adella to kill Green and dispose of his body last year. Li and Green had an acrimonious split in October 2015 after Green discovered Li’s relationship with Bayat, Dunn said.

Li kicked Green out of the multimillion dollar home they shared with their children in Hillsborough, a suburb of mansions and large houses 20 miles (32 kilometers) south of San Francisco.

Carr said all defendants except those accused of death penalty-eligible crimes are entitled to “reasonable bail.”

The $35 million bail is the highest ever in San Mateo County’s history, a county official said.

San Mateo District Attorney Steve Wagstaffe said he’s concerned Li is a flight risk and is disappointed the judge didn’t set the bail even higher. His office asked for $100 million.

“If convicted she faces the rest of her life in prison,” Wagstaffe said. “That’s plenty enough incentive to flee back to her native China.”

Li will be required to turn over her passports, wear an electronic monitor and remain under house arrest.

Carr says the people who posted Li’s bail believe she is innocent and will not flee. If she does go on the lam, the court can confiscate the property and cash

Article source: http://www.heraldtribune.com/news/20170407/calif-murder-suspect-posts-35-million-bail

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Murder suspect posts $35M bail, upsetting victim’s family – KCBD

By PAUL ELIAS

REDWOOD CITY, Calif. (AP) – A Chinese real estate scion charged with orchestrating the murder of her children’s father was released from a San Francisco Bay Area jail Thursday after posting $35 million bail, a highly unusual financial transaction that startled and angered the victim’s family and friends.

Tiffany Li will remain out of custody after family, friends and business associates of her mother raised $4 million cash and pledged San Francisco Bay Area properties valued a combined $62 million to post her bail. Courts require double the bail amount when property is pledged instead of cash.

“Nothing about this seems right,” said Angela Dunn, a close friend of the victim who shared her home with him in the six months before his death. Dunn said the victim’s mother is taking Li’s release especially hard.

Court records show 15 properties being pledged. Li’s attorney Carr said the properties are owned by family and business associates of Li’s mother, who spends most of her time in China where she profited from real estate investments there.

Li, 31, is charged with directing her boyfriend and another man to kill Keith Green, 27, and dispose of his body, which was found in May with a bullet wound to the neck 80 miles (129 kilometers) north of the suburban San Francisco mansion he and Li once shared with their two young daughters.

Prosecutors say Li feared she would lose custody of her daughters. Li and the two men were arrested shortly after Green’s body was found and the trio is scheduled to stand trial in September. Li has pleaded not guilty.

A bodyguard ushered Li out of jail and into a waiting Cadillac Escalade Thursday afternoon, three hours after a judge ordered her released. The two men charged in the case remain in jail and haven’t asked for bail to be set because they don’t have the financial backing Li has, Li’s attorney Geoff Carr said.

“They have great resources and we are just regular folks,” Dunn said.

The cash bail system in the United States has been under legal and legislative attack in recent years. A number of class action lawsuits have been filed across the country challenging the constitutionality of requiring defendants to post cash bail to go free before trial. Critics of the system argue that cash bail schemes like the one found in California state court unfairly disadvantage poor suspects who can’t afford to post bail while allowing wealthy defendants like Li to go free pending trial.

Authorities in neighboring San Francisco County say they are examining cash bail requirements there after inmates filed a lawsuit.

Two California legislators have introduced bills seeking to dramatically overhaul the state’s bail requirements, eliminating cash requirements in most cases and taking into account a suspect’s income in cases still requiring money bail.

The California lawmakers and supporters of their bills argue that the current system keeps many innocent people behind bars, disproportionately affects minority defendants and encourages some suspects to plead guilty simply to get out of jail.

Li is charged with directing her boyfriend Kaveh Bayat and Olivier Adella to kill and dispose of Green’s body last year. Li and Green had an acrimonious split in October 2015 after Green discovered Li’s relationship with Bayat, Dunn said.

Li kicked Green out of the multimillion dollar home they shared with their children in Hillsborough, a suburb of mansions and large houses 20 miles (32 kilometers) south of San Francisco.

Carr said all defendants except those accused of death penalty-eligible crimes are entitled to “reasonable bail.”

The $35 million bail is the highest ever in San Mateo County’s history, a county official said.

say she feared losing custody of her young children to Green.

San Mateo District Attorney Steve Wagstaffe said he’s concerned Li is a flight risk and is disappointed the judge didn’t set the bail even higher. His office asked for a $100 million bail.

“If convicted she faces the rest of her life in prison,” Wagstaffe said. “That’s plenty enough incentive to flee back to her native China.”

Li will be required to turn over her passports, wear an electronic monitor and remain under house arrest.

Carr says the people who posted Li’s bail believe she is innocent and will not flee. If she does go on the lam, the court can confiscate the property and cash.

.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Article source: http://www.kcbd.com/story/35083038/murder-suspect-posts-35m-bail-upsetting-victims-family

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