Business Editor

Kevin Truong

The company wants to redevelop a portion of the complex into a 400-unit condo tower.

An imploding insurance market, rising construction costs, and a growing “blacklist" have diminished values and derailed sales. 

Z&L Properties built a new tower in Hayes Valley, only to leave it empty for nearly three years before it was foreclosed upon.

The Riccomi Brothers made booze in the back of what’s now a two-bedroom condo. 


Plus a baroque beauty in a historic building, a beachfront deal in the Richmond and a price-frozen condo in SoMa.