“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; […]
DEVELOPER PLANS SCRIPPS RANCH TECH PARK WITH CREATIVE OFFICE AMENITIES
“Two growing San Diego economic drivers, biotech and defense, are boosting real estate development…” “While build-to-suit tenants are preferred, with growing demand for office and R&D space, she tells us her company is considering building on spec and will likely kick off development at Scripps Ranch Tech Park with 164k SF of office/flex space on 12 […]
Betting On Biotech
“San Diego — The high demand for biotech office space in San Diego is boosting the confidence of traditionally cautious landlords.” “… landlords are more willing to gamble by starting construction early because the current market shows a surplus of tenants looking for office and lab space. The market easily absorbs that demand with speculative building and […]
Retail Projects Follow New Residential Sites
“San Diego County has 5 million square feet of retail in the planning pipeline…” “Space constraints, among other barriers to entry, have long accounted for a dearth of new ground-up retail construction in San Diego County, where many of the retail projects in recent years have been redevelopments of existing centers, rather than wholly new […]
Growth in U.S. Property Prices Bounces Back After First Quarter Slowdown
” …Liquidity measures indicate continued healthy investor sentiment for commercial property, and the positive outlook for CRE fundamentals suggests the asset class should continue to attract investor interest.” “Commercial property price growth picked up in April after a slower than expected first quarter, according to the latest CoStar Commercial Repeat sale Index (CCRSI) released this week.” […]
Little Italy Is Brimming With New Projects In Downtown San Diego
Excerpt from article: CityView is in the middle of one Downtown San Diego project and already looking with its JV partner for future opportunities A JV of LA-based CityView and locally based CityMark Development is underway on AV8, a six-story, 129-unit mixed-use project with 7,600 SF of retail, in Downtown San Diego’s Little Italy neighborhood […]
$40M Mixed-Use Complex Debuting Soon in Rancho Santa Fe
High-end beauty salon operator has been placed by Strategic Real Estate Group, Inc. in the brand new Cancha De Golf plaza in Rancho Santa Fe! Locally based developer Newport Pacific Inc. plans a midsummer opening for Palma de la Reina, a $40 million mixed-use complex being built at the entrance to the Whispering Palms residential […]
Big Development Opportunity Draws a Crowd of Contenders
Excerpt from article: The Unified Port of San Diego has no shortage of companies looking to be part of what eventually replaces the iconic Seaport Village, on a portion of the downtown San Diego waterfront that spans 70 acres “This is one of those development opportunities that only comes around every 50 or 60 years,” […]
Commercial Real Estate Executive More Bullish on U.S. Economy than Globally in 2016
Excerpt from article: Top real estate executives remain optimistic about the performance potential of the U.S. market, according to the findings of the 2016 Real Confidence survey Investors’ sentiment reflects the conventional wisdom that inflation is tame, interest rate increases might have already been figured into forecasts and the nation’s gross domestic product is poised […]
Strong Outlook Seen for California Commercial Real Estate Through 2018
Excerpt from article: Despite higher interest rates and slower economic growth, confidence on the part of developers indicates a positive outlook for commercial real estate growth through 2018, according to a survey released Tuesday by UCLA economists. The favorable outlook is supported by job and income growth on the demand side and a lack of sufficient […]
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