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YIMBY candidate scored industry donors, luxury condo sales surged 67% YoY and more Bay Area news
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In the month leading up to Election Day, U.S. congressional candidate Scott Wiener has reeled in donations from some of San Francisco’s major real estate execs.
Dan Safier, president and CEO at Prado Group, gave $3,500 to Wiener, according to filings from the Federal Election Commission.
The privately held investment and development firm has a portfolio spanning multifamily, retail, office and mixed-use. Its properties include the Nob Hill Tower at 1221 Jones, a 67,800-square-foot multifamily high-rise; the medical and research facility known as the Nancy Friend Pritzker Building in Mission Bay; and a proposed mixed-use development at 3333 California Street in Laurel Heights that will include nearly 750 housing units and close to 50,000 square feet of retail. (Prado was also part of the joint venture that was going to purchase the shuttered San Francisco Centre mall before backing out.)
It’s not a huge surprise that a developer going after a massive project in the city would put their support behind Wiener — arguably the loudest YIMBY voice in California politics. The 6-foot-7-inch candidate looking to succeed Nancy Pelosi is comfortable with California’s neighborhoods reaching new heights if it means more access to housing — underscored by his Senate Bill 79.
Flynn Properties founder and CEO Gregory Flynn and his wife, Julie Flynn, each cut a $3,500 check to Wiener. The San Francisco-based firm owns 4 million square feet of office space across the West Coast, along with a number of luxury hotels including the Huntington Hotel in Nob Hill — which recently underwent a renovation by designer Ken Fulk — and Solage in Napa Valley.
Other real estate donors for Wiener in the final weeks of the campaign include James Silverwood, CEO at Affirmed Housing, who gave $3,500, and developer Alastair Mactaggart, who doled out $2,500. Mactaggart also donated the same amount to Wiener in May ahead of the primary.
Wiener is facing off with San Francisco Supervisor Connie Chan.
Condo climb
Compass’ latest market report on condos in San Francisco — compiled by Krysen Heathwood and Anthony Kwok — reflects some upside for the sector that’s had a testy few years.
In the first nine months of the year, sales volume increased 14 percent to 1,878 transactions compared to the same period last year. Looking specifically at condos sold for $3 million and above, volume was up 67 percent from the year prior.
Across all price points, average sales price rose nearly 16 percent, and the number of days on the market decreased from 53 days in 2025 to 38 days.
So far this year, units have sold for an average of $1.5 million — higher than any other year in the report which goes back to 2018. While volume is up, it’s still not back to the highs of 2021 and 2022, which counted 3,019 and 2,286 condo deals, respectively.
Supply remains constrained in the grand scheme of things, though September was the first month since April to see an increase in active listings.
Overbids rage on
The city’s luxury resi scene saw another week of big sales and big names.
Lt. Gov. Eleni Kounalakis sold her full-floor luxury apartment in Pacific Heights for $17.2 million. The residence at 2500 Steiner Street, a 1920s-era high-rise co-op building, first hit the market asking $16 million in late August.
On top of a $1.2 million overbid, the pad nabbed a whopping price per square foot $4,920.
Over in San Francisco’s Clarendon Heights, Fulk and his husband received an overbid of $2.1 million for their home nicknamed “Tree House.” The $10 million trade of 176 Palo Alto Avenue came less than two weeks after the designer listed the property.
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