“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
“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
“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
“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
“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 […]
Port District Releases 6 Proposals for Seaport Village Site
“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; […]
Tech, Healthcare Tenants Driving Growth in U.S. Office Sector
Excerpt from article: Tech and healthcare companies continue to drive growth across nation. The most active industries are technology and healthcare Many companies continued to seek space in vibrant downtown and suburban areas near public transportation in order to attract talent desiring a live/work/play environment Most markets are witnessing positive absorption “With healthy office-using employment growth […]
Local Retail REITs Reap the Profits of Solid Fundamentals
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
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
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 […]