“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 […]
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 […]
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 […]
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 […]
Retail in Balancing Act With Malls and Mobile
“San Diego — Retailers and shopping center operators are making major changes to their business strategies as online and mobile commerce take an increasingly big bite out of traditional store sales.” “The centers doing it most effectively are becoming active hubs for nonshopping activities, led by dining, movie-going and gaming. The more successful retailers are […]
Wave of Renovations and Redevelopments Hits the Village
“Multiple building sales, renovations and redevelopments have taken place there since 2014, many involving vintage properties from the 1950s through the 1970s, and the pace hasn’t slowed so far in 2016.” “For instance, according to CoStar Group, that neighborhood since September 2015 has seen at least six relatively small, older office properties change hands for […]
Major US renting markets are starting to crumble
“The slowdown started a year ago when the resale inventory began to balloon. According to a new report by Integra Realty Resources for the Miami Downtown Development Authority, in May listings soared 58% from two years ago, to about 3,000 units, while monthly sales plunged 43%.” “Real estate is local, and every market has its own unique […]
US Banks Clearly Tightening CRE Lending Standards
“CRE Loan Growth Still Strong but Moderates in July as Analysts Sees More “Rationality” Return to the Market” “Second quarter bank earnings results and early third quarter lending numbers clearly show U.S.-based banks have tightened their underwriting standards for CRE loans as they face increased scrutiny of their commercial real estate lending from bank examiners.” […]
REITs in Good Position To Gain in Tight Market
“San Diego — So far in 2016, San Diego-headquartered real estate investment trusts are continuing to benefit from a West Coast climate of limited new retail center development in locations where major store operators are still looking to set up shop.” “Fundamentals are driving up property prices and the number of bidders seeking to acquire […]