“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 — […]
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 […]
Seize The Momentum
“Hot Spots Heat Up Commercial Markets, But Caution Is in the Air Despite Fairly Solid Forecast” “In order of priority in San Diego County, he said interest among lenders and other capital providers is focused first on apartment construction projects and acquisitions, followed by the industrial, retail and office segments.” “Observers note that upcoming new […]
Medical Office Enjoying Strong Lease-up, Heightened Investor Demand
“Continued Strong Absorption of Medical Office Space and High-Dollar Acquisitions Spur Increased Spec Development” “The growing shortage of medical office building properties has stimulated a wave of new development, with an estimated 12.2 million square feet of medical office space coming into service this year, 37% above 2015 deliveries.” “Some developers are beginning to build […]
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 […]
CRE Price Growth Rebounds Along with Investor Confidence at Midyear, While Rate of Increase Slows
“Investor confidence returned following a tepid first quarter and the CoStar Commercial Repeat-Sale Indices (CCRSI) ended the first half of 2016 on a stronger note, reflecting the broad-based gains in commercial real estate prices and investment activity across regions and property types.” “The U.S. property markets, however, received a boost from favorable market conditions in […]
U.S. Office Sector Enjoys Steady Q2 Leasing Momentum Even as Rent Growth Slows, Sales Stall
“The U.S. office market continued its steady momentum in the second quarter, recording 39.4 million square feet of net absorption in the first six months of 2016, nearly equaling the 40.2 million square feet absorbed during the record-setting first half of last year.” “In a theme seen in many markets across the country, the supply […]
WORKING THE ROOM | What Is Cost-Effective?
As progressive companies continue to expand into the San Diego market, office space has begun to shift to the more creative and amenity-driven model that attracts today’s young talent. We are seeing the millennial workforce being drawn to employment opportunities where companies are investing in their employees as if they are an integral piece of […]
Office Experts Discuss Market Cycle and Why San Diego is a Smart Investment
“Despite being in the late innings of the current market cycle, San Diego’s economy remains robust, making the market a good place for investment, though there are challenges, office experts said at our San Diego office forum last week.” ‘“Looking at San Diego specifically, our view is pricing is just about at its long-term trend, or value. […]