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ancy Pelosi and her husband Paul have invested in a joint venture to acquire and manage an Art Deco office building at 631 Howard Street in San Francisco's SoMa neighborhood. The five-story, 108,800-square-foot building was purchased by businessman Greg Flynn and Ellis Partners for $36.4 million. According to a financial disclosure, the Pelosis sank between $250,000 and $500,000 into the venture.

    This investment is notable given the current state of San Francisco's commercial real estate market, which has seen investors fleeing due to high vacancy rates. However, local investors like Pelosi have been driving recent deals in the city as traditional lenders pull back from commercial transactions. The Pelosis' stake in the property represents an investment by a civic leader during a severe market downturn.

    Paul Pelosi is known for his investments, including a storefront at 25 Point Lobos that contains a Walgreens pharmacy and generates significant rental income. He also owns other properties in San Francisco, including a three-story commercial building at 45 Belden Place. The Pelosis' real estate holdings are valued in the millions, with some generating substantial annual income.