“The San Diego City Council recently removed a barrier to potential high-rise development in the core of the popular Hillcrest neighborhood…” “During 2017 and beyond, the city will be considering projects that fit numerous goals put in place as part of recently approved community plan updates for the Uptown area west of Balboa Park — […]
Industrial Space Is Hot Commodity as E-Commerce Heats Up
“After five years of sleepy post-recession performance, the industrial segment of San Diego County’s commercial real estate market sprang to life in a big way in 2016.” “Much of that development is speculative and concentrated in cities including Carlsbad, Escondido and Vista. Developers did not have tenants lined up in advance for many of those […]
ULI Study Puts Industrial At Top of Best Investments Projects Prospects for 2017
“Industrial properties, the most bulletproof property type during economic contraction, topped the list of best prospects for investors in 2017, especially those serving e-commerce tenants…” “The e-commerce industrial sector, or “last mile” distribution centers that promise same-day or next-day delivery, scored the highest in the survey. North and South San Diego County submarkets have the most […]
San Francisco, Here We Come …To Steal Your Tech Talent
“An unprecedented effort to recruit tech talent from Silicon Valley down to San Diego will launch early next year, with hopes of legitimizing San Diego’s technology brand and adding some fuel to the startup fire.” ‘“San Diego has to become a more recognized technology brand,” Krenn said. “We need to make an impression in Silicon […]
Crowdsourcing Firms Starting to Rack Up Noticeable Volume in CRE Financing
“Marketplace lending platforms reported rapid growth in 2015, with an estimated $28.6 billion in loans originated, according to the Office of the Comptroller of the Currency. While most of that growth was for consumer lending, some of the funds raised went into CRE lending.” “Marketplace lenders received a boost from a 2013 federal law that […]
San Diego Economy Up in August
“The San Diego economy had a good August, led by a gain in local stock prices and increases in residential building permits, said a monthly study from the University of San Diego. ” “There was a nearly 5-point increase from the previous month in the Bloomberg San Diego County Index that has 50 local companies, including […]
La Mesa Revs Up For Redevelopment
“Planning officials and business operators point to factors including recent highway infrastructure upgrades that have made it easier to access portions of East and South County, and extensive infrastructure upgrades in La Mesa’s downtown that have spurred new commercial projects.” “For now, La Mesa is among pockets in the local region apparently benefiting from a […]
Carlsbad Locations Likely Next on Brewery Igniter’s Itinerary
“San Diego — North County has no shortage of craft beer companies; about a third of San Diego County’s 120-and-counting brewing sites are located there. But the area could soon get a new incubator-of-sorts for up-and-coming brewers.” “The Brewery Igniter concept is sort of like having early-stage brewers in a friendly apartment-roommate situation, where they […]
Can Old Sempra Tower Leave Its Past Behind?
“Property owner Sandor Shapery envisions a significant mixed-use residential makeover of the downtown San Diego high-rise building that formerly housed the longtime headquarters of Sempra Energy.” “As it stands, Shapery noted that much of the new local office development is migrating to the eastern part of downtown, as part of larger proposed mixed-use projects by […]
CRE Loan Delinquencies Near Lowest Level in 20 Years
“The quality of commercial real estate loans on bank books continued to improve in the second quarter with the exception of the nation’s energy markets.” “Nationally, the amount of delinquent CRE loans declined about 21% (about $4.6 billion) to $17.78 billion in the past year, according to the latest numbers from the Federal Deposit Insurance […]
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