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Brewing Scene Experiences Changes as the Sector Expands

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Excerpt from article: Recent expansions, contractions and strategy recalibrations serve as reminders that the relatively young industry will not be immune to the financial and competitive laws of gravity impacting most other business sectors.          Vasquez noted that as of March 7, San Diego County had 119 brewing locations in operation, including breweries, brewpubs and tasting […]

Rankings Reveal Draw of S.D.’s Real Estate

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San Diego — Despite recent turmoil in financial markets, and partly because of volatility that makes real estate look stable by comparison, experts said San Diego is among markets capitalizing on job growth, demographic shifts, high barriers to entry for new construction, and a wide variety of investors looking to put cash to work as larger […]

Commercial, Multifamily Mortgage Delinquencies Continue Decline in US

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Excerpts from Article: “According to the Mortgage Bankers Association’s (MBA) Commercial and Multifamily Delinquency Report, delinquency rates for commercial and multifamily mortgage loans continued to decline in the first quarter of 2015.” “Life company portfolios: (60 or more days delinquent): 0.06 percent, a decrease of 0.02 percentage points from the fourth quarter of 2014; Freddie Mac […]

Insurers Driving More Disciplined CRE Lending Market

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Excerpts from Article: “A new era of more stringent underwriting by banks and other lenders combined with greater diversity in sources of commercial real estate capital has helped ignite a rush of confidence among CRE executives, according to the 6th annual Akerman U.S. Real Estate Industry Outlook Survey released Wednesday.” “The survey indicates that nearly 60% […]

Survey: County’s Apartment Vacancy Rate Up from 2014

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Excerpts from Article: “The local region’s apartment vacancy rate now stands at 4.1 percent, up slightly from spring and fall of 2014, according to newly issued results of a spring survey by the San Diego County Apartment Association.” “…vacancy may have been driven higher in part by rising supply of newly constructed apartments in places such […]

Local Retail REITs Reap the Profits of Solid Fundamentals

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Excerpts from Article: “Those include continued gains in consumer spending at stores and restaurants, and relatively scarce new construction of retail space, keeping supply low and rents rising at the most sought-after existing locations.” “Barring a major economic event that rattles consumers, analysts and company leaders said current retail fundamentals are likely to stay in […]

Industrial Options Grow in North County

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Excerpts from Article: “As the improving economy fills up industrial spaces in central San Diego, local companies such as SR Commercial are betting on continued rising demand in North County for manufacturing, warehousing and distribution properties.” “The warehouse market is exceptionally strong right now, particularly for modern, functional space under 50,000 square feet…” “…San Diego […]

Property Owners Reporting Strong 2014 NOI Gains

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Excerpts from Article: “Commercial real estate owners posted strong net operating income (NOI) growth last year. For the properties reporting year-end 2014 financials, NOI grew by 2.8% on average, compared to growth of 2.64% in 2013, according to Wells Fargo Securities.” “If the growth rate holds among the remaining properties yet to report, it would mark the […]

Commercial Real Estate Makes Some Gains in the County

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Excerpts from Article:  “Conditions vary by neighborhood, but rising tenant and investor demand in an improving economy continues to move fundamentals generally in favor of commercial real estate landlords in San Diego County.” “CBRE Group said local retail asking rents have remained relatively flat over the past 17 quarters but have increased 10 percent over […]

After Riding Apt. Value Wave, Investors Taking Long Look at Cashing Out, Diversification

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Excerpts from the Article: “As apartment rents and occupancy growth begin to taper in the face of new supply, owners of multifamily properties may be considering selling some assets or diversifying their portfolios with other property types that may offer more yield and occupancy stability, according to CoStar director of U.S. research, multifamily Luis Mejia, who […]