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WORKING THE ROOM | What Is Cost-Effective?

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As progressive companies continue to expand into the San Diego market, office space has begun to shift to the more creative and amenity-driven model that attracts today’s young talent. We are seeing the millennial workforce being drawn to employment opportunities where companies are investing in their employees as if they are an integral piece of […]

Office Experts Discuss Market Cycle and Why San Diego is a Smart Investment

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“Despite being in the late innings of the current market cycle, San Diego’s economy remains robust, making the market a good place for investment, though there are challenges, office experts said at our San Diego office forum last week.” ‘“Looking at San Diego specifically, our view is pricing is just about at its long-term trend, or value. […]

San Diego’s ‘Skyline’ Market Is Drawing Investor Interest

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“San Diego — Now that four big downtown office towers have been sold in 2016, San Diego’s “Skyline” market is poised for its biggest year in a decade for deal volume…” “Investor demand for downtown’s biggest office buildings — many of them showing their age and recently undergoing significant renovations — is being fueled in […]

Locking In Our Gains In Cybersecurity Field

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“The sector gained a significant number of jobs in the last two years, expanding 14.7 percent to 7,620 positions, according to a recently released study from San Diego’s Cyber Center of Excellence Association.” “The cybersecurity sector is only going to get bigger. Over the next 12 months, study authors expect the number of jobs to […]

CRE Price Gains Return for Second Straight Month with Boost from Net Absorption

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“Increased Investor Demand for Smaller Commercial Properties Fueling Resumed Price Recovery, Despite Lower Transaction Activity from Record-Setting 2015 Levels” “U.S. commercial property prices continued their solid growth in May, returning to the average monthly pace established in the previous several years and erasing declines from a pricing pull-back in the first quarter of the year…” […]

Google opening office in San Diego

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“Google has signed a lease for nearly 60,000 square feet of office space in Sorrento Mesa, expanding its Southern California footprint into San Diego for the first time.” “I think it’s fantastic for San Diego,” he added. “The more we have these brand-name tech companies here, the better it is for the macro environment.” “San […]

New Carlsbad Industrial Buildings Planned After $15M Land Buy

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“RAF Pacifica Group has acquired 18.4 acres of industrial land in the Carlsbad Raceway Business Park for approximately $15 million, with plans to build two new distribution buildings totaling 272,430 square feet.” “…the company is aiming to address a relative lack of supply of appropriate industrial space in the local market, increasingly in demand among […]

Experience-Based Retail Driving Outperformance of High-Quality Malls

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“Forget e-commerce as being the root cause for the widening gap between weak and strong shopping centers. MetLife, a major buyer recently of high profile retail centers, said the millennial generation is heavily influencing the fortunes of commercial real estate and the retail sector and will continue to do so for the next half century.” […]

Revitalization Comes In Bottle, Growler

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“With craft demand rising among city residents and visitors — and production space running out in Vista, San Marcos, Escondido and other stops along state Route 78, aka the Hops Highway — Oceanside now appears to be cashing in.” “The bulk of venues with significant on-site beer production are in or near the city’s industrial […]

Port District Releases 6 Proposals for Seaport Village Site

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“The Unified Port of San Diego has released six proposals for developments targeting 70 acres of prime downtown San Diego waterfront property, including the current site of the iconic Seaport Village.” ” Plans by a locally based group known as Protea Waterfront Development for a project including hotels and retail; a ride called The Spire; […]