Explore the latest industry trends, issues and market predictions. Contact us at firstname.lastname@example.org to get more involved.
After 35 years in real estate in North San Diego County, Richard Eisendrath hasn't lost his enthusiasm for the region he calls home. Nor have clients of Eisendrath Team, his family-run business with offices in Vista and Oceanside.
As might be expected in an office two blocks from Moonlight State Beach in Encinitas, the style is casual at Bell & Associates Realty Group.
Although San Diego has invested billions of dollars in transit-oriented development, the plans don’t resonate at the ground level where communities are reluctant to accept density.
As one of the few real estate professionals specializing in sales at Coronado Shores oceanfront condominiums, Joe Economou is at the top of his game.
Fewer foreclosures mean even fewer houses to sell in a market where there are few homes being built and not enough resales to make a dynamic market, said Nathan Moeder, principal at The London Group.
CARLSBAD -- In 2013, Carlsbad Realtor Greg Moser had his best year since 2006, with almost $6 million in personal sales and 42 escrows closed among him and his four agents.
Solar energy systems have thrown a curveball to real estate professionals who are trying to educate buyers and sellers on leasing versus owning, and match appraisals to the value of the home.
More homebuyers are using social media in the homebuying process, according to the California Association of Realtors (CAR) “2014 Survey of California Home Buyers.”
The countywide vacancy rate for rental units has dropped to 2.8 percent, down from 4.5 percent a year ago, according to the San Diego County Apartment Association’s (SDCAA) latest analysis.
The number of active listings in San Diego County on the Multiple Listing Service surpassed 7,000 for the first time in two years last month, and the median price of a resold single-family home reached $500,000 for the first time since 2007.
Sales of both single-family detached (SFD) and single-family attached (SFA) homes in San Diego County were markedly up in April from March. The HomeDex report from the North San Diego County Association of Realtors showed the number of SFD homes sold in San Diego County increased 13.01 percent in April from March, and the number of SFA homes sold countywide increased 24.68 percent.
The North County coast is returning to a more traditional market, reflecting a change that’s occurring in much of San Diego County, said Garrett Lund, broker for The Lund Team Inc.
Home sales in San Diego County increased in April from March, but were down 5 percent from April 2013, according to the Greater San Diego Association of Realtors (SDAR).
Luxury home buyers in California preferred hilltop homes over ocean-front properties by a margin of four to one, according to the California Associations of Realtors’ “2013 Luxury Real Estate Consumer Survey.”
About one-third (33.3 percent) of all California residential property sales in the first quarter were all cash purchases, up from 29.3 percent in the fourth quarter of 2013 and up from 20.3 percent in the first quarter of 2013, according to RealtyTrac’s Q1 2014 U.S. Institutional Investor & Cash Sales Report.
San Diego County’s new-home prices are escalating faster than in the resale marketplace, causing a slowdown in new homes, said Russ Valone, president and CEO of MarketPointe Realty Advisors.
Jeff Hayes likes to think of himself as a traditional real estate branch manager. And that thinking has paid off.
"Location, location, location" is the mantra of most real estate professionals. But Marie Jebavy puts her own spin on the adage: "It's 'location, price, condition' -- the three things I always sell on," said Jebavy, broker/owner of The Real Estate Consultants in Oceanside.
Realtor James Baxter likes to help his clients with their homework. It saves them and him a lot of time and possible aggravation.
It's the classic American success story: Two guys come up with a new product idea, start a business in their garage, help change an industry and reap the rewards.
The improving residential real estate market is yielding benefits for more than just home buyers, sellers and agents.
Thirty-three environmentally sensitive row homes are making their way to Golden Hill as the result of a group investment executed by LIV Capital Group.
Downtown Oceanside is a hoppin' place these days, and not just because of the new breweries and restaurants that have moved in over the past few months.
Median single-family home prices in San Diego County hit their highest level since December 2007 in March, while it was mixed results on the home resale front.
Bob Jackson is not what you'd call a "yes" man. He's more of a "never say no" man.
The economy is improving and demand for real estate is strong, but the California Association of Realtors’ CEO said there are things in the industry that still keep him up at night.
Regardless of the time of year, Karen Pado doesn't like to wait. Whether they're buying or selling, the co-owner of Meridian Realty in Rancho Bernardo urges her clients to make their move -- even during the 2013 year-end holiday season.
Chances are good that you've seen the very public face of Matt Battiata. He's appeared in TV ads for The Battiata Real Estate Group since 2005. But when it comes to business, he's more of a behind-the-scenes owner/broker.
Tight inventory and limited building space in Encinitas don't bother Patrick Conahan all that much.
Thanks to the improving real estate market, Derek Lundberg hasn't had to reach for the aspirin bottle as much as he used to.
The view from the top is awesome at San Elijo Hills in San Marcos.
Even though his firm sold more than 100 homes valued at an average $1.1 million each last year, it's easy for Peter Lewi to recall the one that helped Masterpiece Realty Associates set an all-time annual sales record: an $18 million beachfront property in Del Mar that he personally handled.
High-end home sales reached a milestone in the Poway area last year, and Suzanne Kropf couldn't be happier.
Robert Hamzey is not about to let something like the economy or new federal mortgage rules stand in the way of his clients' desire to buy a home.
The forecasts of higher interest rates for homebuyers by the end of the year don't faze Joyce Doherty very much.
Real estate agents need to have an unwavering focus on customer service to succeed not just in 2014, but in any year, said a North County broker who's been in the business 22 years.
Joe Jelley has seen home prices go up along the North County coast about as many times as another plaque has gone up on his office wall.
Even though it's been a warm winter along the North County coast, veteran broker Mike Evans isn't ready to call residential real estate sales there "hot" just yet.
"The most important thing to know about 2014 is, we're back to the basics," said Joe Cobb, broker owner of Escondido-based Realty Experts.
"First-time buyers are back." That's just some of the good residential news from Clifford Helbock, broker associate at Berkshire Hathaway Home Services in Escondido.
Year-over-year sales of previously owned homes throughout San Diego County fell in February and prices continued to stabilize, according to new housing statistics from the Greater San Diego Association of Realtors (SDAR).
California has experienced a “significant” slowdown in residential home sales activity over the last few months, with numbers down 14 percent from last year.
Luxury homebuyers in Europe don't necessarily work with agents in real estate offices.
Carlsbad-based RE/MAX By-the-Sea closed the year with one of its hottest years ever: almost $42 million in listings and almost $46 million in sales.
CIRE Partners is a full-service investment firm based in La Jolla, comprised of highly skilled professionals assisting clients nationwide. The company's mission is to provide clients with the highest level of professional advisory services to accurately meet their real estate investment goals. They are focused on building long-term client relationships through honest evaluation and innovative strategies to create and preserve wealth for clients’ commercial investment real estate portfolios.
Even with all of the fancy photos and videos available, there’s still no substitute for getting out and seeing a house on the market.
Home sales saw a seasonal drop in January, while prices remained stable from the previous month but up 22 percent from 2013, according to the regional housing statistics from the Greater San Diego Association of Realtors (SDAR).
Notices of default increased year over year in January for the first time since July 2012.
San Diego is about to experience increasing demand in homeowners looking to downsize in a market with few single-story options, local real estate professionals say.
Changes to Title II of the JOBS Act — Jumpstart Our Business Startups — may prove beneficial to real estate companies using a crowdfunding model, though most seem to be sticking with the previously accepted solicitation rules for now.
WASHINGTON (AP) -- Average U.S. rates for fixed mortgages declined this week, edging closer to historically low levels.
WASHINGTON -- Mortgage applications in the United States rose last week to a one-month high, as purchases and refinancing accelerated.
The economy looks “very good,” said Wells Fargo’s director and senior economist, but there are still uncertainties, risks and threats to be faced in 2014.
San Diego County existing homes saw a 20 percent gain in the median price in 2013, with single-family homes selling for a median of $457,000, according to the Greater San Diego Association of Realtors (SDAR).
Homes prices in the San Diego area continued to increase in November, according to CoreLogic’s (NYSE: CLGX) November Home Price Index report.
Having lived in Clairemont for 33 years, Richard Morris is as familiar with its neighborhoods and organizations as they are with him. Getting involved is his primary source of new business and leads.
Trustee deeds and notices of default were back at 2005-2006 levels in 2013 -- and a cycle like that of the past seven years is not expected to recur in the near future.
San Diego’s homebuyer speed increased slightly in November from October, while homes took slightly longer to sell, according to Redfin's Fastest Markets Report for November 2013.
North San Diego-based Welk Resort Group Inc., which already owns 961 constructed timeshare units from here to Branson, Mo., to Cabo San Lucas, plans to more than double its units to at least 2,477 within the next few years.
Although the share of single-family distressed home resales in San Diego remained unchanged at 5 percent in November from October, according to the California Association of Realtors (CAR), the distressed share dropped 13 percent last month from a year ago.
Foreclosure rates in the San Diego-Carlsbad area decreased in October over the same period last year, according to CoreLogic.
Bidding wars became more common in San Diego in November, according to Redfin’s November 2013 Real-Time Bidding War Report.
The median home sales price increased slightly in November in the San Diego area, while the pace of sales slowed, according to RealtyTrac.
A third of San Diego County households were able to afford the county’s median-priced single-family detached (SFD) home in November, up slightly from 32 percent in October but down from 42 percent in November 2012, according to the North San Diego County Association of REALTORS’ HomeDex Report.
In the San Diego-Carlsbad area, 11.4 percent, or 66,899, of all residential properties with a mortgage were in negative equity as of the third quarter 2013, according to CoreLogic (NYSE: CLGX).
San Diego single-family detached home sales and prices decreased slightly in November from October, according to the California Association of Realtors.
San Diego’s housing landscape features investors renting out traditionally owner-occupied homes and a lack of land supply to meet the demand, according to real estate professionals who spoke at the Burnham-Moores’ 14th annual Residential Real Estate Conference on Thursday.
Foreclosure filings in the San Diego area decreased almost 20 percent in November from October, according to RealtyTrac’s U.S. Foreclosure Market Report for November.
Rapid and steep home-price appreciation has left some wondering if another bubble is being blown up — but Zillow’s chief economist says the country is still 16 percent from its peak and has a few years before it will reach that level again.
More than 70 percent of San Diego County residential property tax values will grow by less than one half of one percent, according to Ernie Dronenburg, the San Diego County assessor.
Home prices dipped slightly in November from October, but were 15 percent higher than in November 2012, according to the Greater San Diego Association of Realtors (SDAR).
Tiny houses measuring in at less than 500 square feet are popping up across the country -- but it’s unclear whether such units would succeed in San Diego.
The year 2014 will likely be the year the Federal Reserve begins to take its training wheels off the economy to see if it can move forward on its own power, economist Lynn Reaser told a forum at the Liberty Station Conference Center on Friday.
Notices of default have reached a level of normalcy, and one San Diego real estate professional predicts they’ll stay in that range.
As the year comes to an end, holidays, children home from school and upcoming regulatory changes contribute to a seasonal slowdown in the housing market.
LOS ANGELES -- San Diego County’s share of distressed resales increased slightly in October from September, but was still down from October of last year, according to the California Association of Realtors (CAR).
Residential property sales and median prices in the San Diego metro area were mostly unchanged in October from September, but sales were down and prices were up significantly from 2012, according to RealtyTrac’s October 2013 U.S. Residential & Foreclosure Sales Report.
IRVINE -- Purchases of foreclosed homes at auctions jumped last month as banks benefited from surging prices and shunned approvals of sales by homeowners dumping their dwellings at a loss.
October marked the second straight month that U.S. resold home values declined while San Diego County's were a bit stronger, according to the Zillow Real Estate Market Report.
LOS ANGELES -- Despite the financial toll the recent financial crisis has had on Americans, homeownership remains a goal for the majority of renters, according to the "2013 Renter Survey" by the California Association of Realtors (CAR).
California home sales declined for the third straight month in October, while San Diego’s home sales increased by 9.7 percent from September, according to the California Association of Realtors (CAR).
Pardee Homes reported all 23 homes released for sale at its The Prestige Collection of Alta Del Mar in Carmel Valley have been sold -- and 13 custom home lots, out of 15, have been sold to date. Closings are underway with the first homeowners expected to move in this December, according to Ron Wilcox, sales representative for Pardee. Pricing is from $1.85 to $2.4 million.
San Diego area foreclosure filings dropped 57.4 percent in a year from October 2012, according to RealtyTrac’s U.S. Foreclosure Market Report for October 2013.
Thirty-two percent of San Diego County households were able to afford the county’s median-priced, single-family detached home in October, the price of which decreased in October from September, according to the HomeDex Report provided by the North San Diego County Association of Realtors.
The housing cycle has taken an optimistic turn, which brings increased demand for design features and larger, higher priced homes.
Housing affordability fell for the sixth consecutive quarter in California, after reaching an all-time high in the spring of 2012, as significantly higher home prices shut out more California homebuyers during the third quarter of 2013, according to the California Association of Realtors (CAR).
San Diego trustee deeds increased 24 percent in October from September, but local experts say this isn’t the start of a trend.
Home prices in the San Diego-Carlsbad-San Marcos area, including distressed resales, increased by 22.1 percent in September 2013 compared to a year ago and rose by 1 percent from August, according to CoreLogic’s September Home Price Index (HPI) report.
There were 3,147 completed foreclosures in the San Diego-Carlsbad-San Marcos area in the 12 months ending in September, according to CoreLogic's September National Foreclosure Report.
Home prices in the San Diego metro area are up 22 percent from last year, while sales are down 17 percent, according to RealtyTrac’s September 2013 U.S. Residential & Foreclosure Sales Report.
LOS ANGELES -- The share of equity home sales in California continued to grow in September, now making up more than eight of every 10 home sales, the highest level in nearly six years.
The BioSpace life science publication reported the number of biotech employers posting jobs in Southern California rose 31 percent, year over year -- which could fuel the demand for additional biotechnology space.
Jerry Jacquet, principal at Meissner Jacquet Investment Management Services, points with pride to a photograph of a sleek racing car on the track at the Long Beach Grand Prix.
A Cassidy Turley report concludes the industrial vacancy rate fell for the seventh consecutive quarter during the first three months of the year -- ending at 9.3 percent -- its lowest level since mid-2011.The report tallied 366,165 square feet of net absorption for the first quarter. That meant that more than 4 million square feet of space has been absorbed countywide since June 30, 2011 -- equating to a quarterly average of 577,000 square feet.
There was a time, only a couple of years ago, when vast chunks of Class A office space in San Diego County were occupied during a flight to quality free for all. Now, it’s time for Class B to shine.
Real estate professionals talked about different approaches to innovation at a Pacific Coast Builders Conference panel discussion Wednesday.
Home design has changed in recent years, allowing buyers to purchase homes they only dreamed of in the past.
Mortgage rates bumped up after Ben Bernanke’s speech in late May on concern that quantitative easing will be phased out, said Mark Goldman, a real estate professor at San Diego State University.
The county is experiencing multiple offers and price increases, mostly among houses priced in the $400,000 range.
Movers in San Diego County are busier than they have been in years, but concerns about new California Air Resources Board emission regulations for diesel fuel — set to take effect next January — are putting a damper on the celebrations.
A strong housing market is bringing down the number of foreclosures in San Diego, resulting in decreased inventory of homes for sale and higher prices.
Borrowers will not be required to document their hardship under FHFA’s new streamlined modification program launching in July.
Changes in health care and an aging population are expected to increase the demand for services, which will in turn increase demand for medical office space.
San Diego County has not been the site of large residential land sales like Las Vegas or Phoenix for many years, but land brokers at one real estate firm here say they are the busiest they have been since the recession began.
San Diego wouldn’t be what it is today without the University of California, San Diego.
The San Diego Community College District has selected Lowe Enterprises and IDEA Partners to create the first project for the 38-block IDEA District in downtown San Diego's East Village.
San Diego-based OliverMcMillan said construction is under way on The Lofts at 688 13th St. in the East Village.
Industrial building sales on Otay Mesa were limited during the first quarter as vacancy remains a stubborn foe.
The county’s notices of default and trustee deeds increased in April from March, but the year-over-year downward trend continues.
Los Angeles-based Kilroy Realty, which owns 5.25 million square feet of mostly office space in San Diego County, saw a significant drop in its net income in 2013's first quarter, but is focused on a longer-term investment strategy.
San Diego saw more than 2,800 house flips in 2012, but with rising prices and low inventory that number will likely fall in 2013.
Both BioMed Realty Trust and Alexandria Real Estate Equities posted strong performances during 2013's first quarter.
San Diego’s home prices are increasing by double-digit percentages — but local professionals say it’s not like the bubble of the early 2000s.
America’s housing market is heating up while some foreign markets are on fire and trying to cool down. This has created an opening for international buyers in the U.S. market, and SDAR’s president said San Diego needs to tap into that foreign dollar.
Reports by Marcus & Millichap and Cassidy Turley say San Diego will continue to have a strong apartment market, but new construction could soften things a bit.
When millennials see what they want, they want more and they want it faster than previous generations did.
A click and a “like” haven’t replaced a telephone call and a handshake, but they have added a new and changing way for Realtors to connect and interact with clients.
The median price of single-family resale homes jumped 19 percent in March from the same time last year, according to the Greater San Diego Association of Realtors (SDAR).
The county’s notices of default decreased in March from February after a steep jump during the prior month.
San Diego County's office and industrial markets continue to improve, and brokers at the local Colliers International office said they are reaping the benefits. “We are clearly in a recovery,” said Jim Spain, Colliers regional managing director, adding that his brokerage is stronger than it has been since 2006.
San Diego County’s average apartment vacancy has changed little over the past six months, but rents have become incrementally more expensive.
Home prices are skyrocketing in North Park, giving investors the advantage and leaving first-time homebuyers in the dust.
Dutch firm Wereldhave appears to have lost more than $110 million in six months on two San Diego high rises. The 376,703-square-foot First Allied Plaza building at 655 W. Broadway has been sold for a reported $140.88 million -- representing a more than $70 million drop from the $212 million figure garnered when the asset was sold in 2007.
The Zillow Value Home Index reports that all 30 of the largest metropolitan areas in the country, including San Diego, recorded an appreciation in home values.
While downtown San Diego’s office vacancies continue to shrink, major departing tenants may pose a problem, according to reports.
As the Del Mar Heights-based Lansing Cos. land development firm acquires thousands of acres elsewhere, a downzoning has forced a change of plans within San Diego County.
Residential permits took a dive in San Diego County, while nonresidential permits continued to be strong in January.
The state of capital markets in San Diego, the state and nation was among the topics discussed at a NAIOP San Diego meeting Thursday at the Marriott Del Mar.
Port tidelands tenants potentially face higher rents and more financial risks if amendments to the Board of Port Commissioners' Policy 355 are approved.
As Science Applications International Corp. (NYSE: SAI) completes its move from San Diego to Virginia, hundreds of thousands of square feet of commercial space are coming online.
Despite the nationwide increase in demand for multifamily housing, the desire for homeownership has not declined, real estate professionals said.
San Diego’s notices of default spiked more than 50 percent from January to February, and that may be indicative of future trends, according to local real estate professionals.
While 2012 wasn’t exactly a banner year for church construction and sales, there are plans moving forward in San Diego County and Southern California.
If there are two words that encapsulate California’s commercial real estate markets, they are “cautiously optimistic.”
San Diego faces a challenge unlike when it came out of other recessions — there’s no land for homebuilders to buy, according to industry professionals at Conversations 2013, hosted by the North San Diego County Association of Realtors.
The sun still shines in California, but that’s not enough to keep the population from migrating to other states, according to panelists at the North San Diego County Association of Realtors’ Conversations 2013 event on Friday.
A lack of available land is seen changing all forms of commercial development in San Diego County, according to experts at a recent real estate meeting.
New California laws pertaining to real estate, taking effect this year focus on the Americans with Disabilities Act renters and energy efficiency.
For Escondido-based REIT Realty Income Corp., 2012 was the year shareholders approved the $3.1 billion acquisition of American Realty Capital Trust, and that set new record operating results as well.
Although the South Bay industrial market became significantly stronger in 2012, Otay Mesa still has a long way before returning to balance.
The stage appears to be set for continued improvement for San Diego County's office, industrial, retail and apartment markets.
Kleege Enterprises, which already purchased the 124-space Cabrillo Motor Lodge in Chula Vista for $6.85 million last May, added three more Chula Vista mobile home parks to the company’s portfolio at the end of 2012.
The toils and rewards of smaller infill and mixed-use developments were the topics of a morning meeting of the San Diego/Tijuana Chapter of the Urban Land Institute at the University Club on Tuesday.
Trustee deeds in San Diego are down 37.9 percent from January 2012, and notices of default are down 67.6 percent from this time last year, according to the San Diego County Assessor's Office.
While both Rancho Bernardo-based BioMed Realty Trust and Pasadena-based Alexandria Real Estate Equities continued to add to their respective portfolios in 2012, one seemed more busy than the other.
When an audience of about 100 people at the Manchester Grand Hyatt was asked whether a multifamily housing bubble is forming, only one person raised his hand.
General Growth Properties appears to be well on the way to recovery now, but the Chicago-based shopping center real estate investment trust could have just as easily disappeared.
Apartment values should double within the next five years, according to Fred Schnaubelt, former San Diego City Councilman and president of Fredrick Schnaubelt & Sons, an apartment investor.
Commercial and multifamily mortgage originations grew in 2012, with multifamily accounting for $105 billion of $229 billion, said a Mortgage Bankers Association official at MBA’s Commercial Real Estate/Multifamily Housing Convention on Monday.
A burgeoning apartment construction cycle will take hold in San Diego this year, putting modest upward pressure on vacancy, according to a Marcus & Millichap report.
The developer of the 201-unit Broadstone Little Italy project has two more apartment projects in the works -- one in Kearny Mesa and another in the Bankers Hill area of San Diego.
The San Diego industrial market ended the fourth quarter of 2012 with a vacancy rate of 9.4 percent.
An Allen Matkins/UCLA Anderson Forecast found developers are planning or considering office, industrial and multifamily buildings for in or around 2015 here, and across the state.
Leasing activity in La Jolla's retail market, which languished during the recession, picked up last year in part to increased property sales, and appears to be better today than statistics might indicate.
Reverse mortgages are causing trouble for the Federal Housing Administration, which could result in new policies going into effect in the next couple months.
Downtown San Diego high rises are a tale of two worlds for landlords -- either a tenant feast or famine.
Owner-occupied, underwater homes may have been thrown a lifesaver with the extension of the Mortgage Forgiveness Debt Relief Act, but investors struggling to make it to shore are left to just keep swimming.
Three of Borrego Springs' major resorts are in play with two in escrow and another just placed on the market, signaling an unprecedented round of activity in the Anza-Borrego Desert community.
San Diego and California home sales and prices both posted gains in December, according to the California Association of Realtors (CAR).
The county's office and industrial rental markets are stronger, while franchises are powering retail leasing.Office vacancies
California’s diminishing inventory is the worst in the country, with San Diego’s down 56.7 percent in December compared to the previous year, according to Redfin’s Real-Time Home Price Tracker for December 2012.
Underwater borrowers have one more year to swim to the surface and short sell their homes before facing income taxes on the forgiven debt.
San Diego County ended 2012 with 25 percent fewer notices of default and 41.1 percent fewer trustee deeds filed than in 2011.
An Escondido-based real estate investment trust (REIT) is hoping to finalize an acquisition in January that will substantially diversify and expand its portfolio.
San Diego County is only expected to see 478 hotel rooms come online in 2013, but the figure is projected to jump to about 1,000 in 2014 and as many as 2,000 rooms in 2015.
While video stores are disappearing, the spaces they used to occupy are being reborn as everything from a Discount Tire store in Rancho Penasquitos to a Massage Envy outlet in University City.
San Diego County recorded fewer notices of default and trustee deeds in November than in the previous month and compared to November 2011, indicating a stronger market with increasing prices and job growth, according to local experts.
Short sales remain the better choice over foreclosures for both banks and homeowners, and local real estate experts believe the number will continue to increase, unless the Mortgage Forgiveness Debt Relief Act is not extended.
In what has been billed as the largest office property sale in Chula Vista so far this year, an owner/user has purchased an 87,000-square-foot office building in the EastLake Business Center.
With several completed transactions and more commercial properties in escrow, sales activity in the village of La Jolla is finally beginning to pick up.
With an aging baby boomer population and the new health care law, demand for medical office buildings, skilled nursing and assisted living facilities will continue to grow, said CEOs of three of the nation’s largest health care REITs.
While medical office building vacancies have continued to drop, there were no major sales in 2012's third quarter, according to a Cushman & Wakefield report.
Notices of default decline when homeowners feel the equity in their home is increasing, and home prices increase when foreclosures decrease, creating a situation where increasing home prices are partly the result and cause of fewer foreclosures.
Three biotech space real estate investment trusts each have millions of square feet of space in the region, and more acquisitions are planned.
Third quarter apartment sales in San Diego County continue to improve with a strengthening economy, despite many landlords opting to hold onto their properties.
Five or fewer active new condominium developments in downtown San Diego have available units, and those are quickly becoming exhausted.
Otay Mesa may still have plus or minus 2.5 million square feet of vacant industrial space, but that's an improvement from the more than 3 million square feet that was empty a year ago.
Residential permit activity has picked up in San Diego County, but the same can’t be said for nonresidential activity, McGraw Hill Construction reported.
When homebuilder Laura Parker filed a Leadership in Energy and Environmental Design (LEED) certification application for a Del Mar home she was building in 2008, she asked to be put in touch with other area homebuilders so she could learn how to build a green home from them. She was shocked to learn hers was the very first residential LEED registration filed in San Diego.
A number of locally based, privately held commercial property investors have at least one major thing in common -- they like going out of town to buy properties.
While San Diego County may not be the country's strongest region in terms of residential and commercial property investment, a joint report by the Urban Land Institute and PricewaterhouseCoopers suggests the county is holding its own.
The 8,000 baby boomers turning 65 each day are unlike any generation before them – they are living longer, have more energy and are healthier than any 65 and older group in history, according to Urban Land Institute (ULI) real estate experts.
Voit Real Estate Services reported that at the current pace, more than 300 apartment transactions of five units or greater will be completed in the county this year — the most since 2008.
San Diego County’s retail vacancy rates are declining -- albeit at a slow rate.
Underwater borrowers are choosing to stick with their properties instead of walking away, causing the county’s notices of default and trustee deeds to decrease, according to local experts.
This year is expected to be the strongest year for industrial leasing since 2006, despite a lackluster third quarter, according to a new Cushman & Wakefield report
The future of San Diego County's office market is either upbeat or downbeat, depending on what quarterly survey is being consulted.
Noting that $1.5 trillion worth of commercial loans will mature between now and 2017, Judy Hoffman, Trigild Inc. chief operating officer, warns that a full recovery may be years away.
Some seniors who were looking forward to blowing out 62 candles on their birthday cake and qualifying for a reverse mortgage were surprised to find out they didn’t qualify for one because the value of their home dropped.
Buyers are competing with multiple offers on homes in a market with low interest rates, and are struggling with low inventory and little new construction, local experts said at a roundtable discussion hosted by the San Diego Association of Realtors.
Apartment vacancies have stabilized over the past year-and-a-half as rents continue to inch upward in San Diego County.
A partnership controlled by Jacksonville, Fla.-based Regency Centers Corp. has paid $59.5 million for the 189,321-square-foot Balboa Mesa Shopping Center in Kearny Mesa.
Accessibility and job creation are paving the way for an increase in home sales in North County.
Renovation projects put on hold three or more years ago by homeowner associations are now coming around to being completed, Jon Wayne, CEO of Jon Wayne Construction and Consulting, said at a panel discussion hosted by Merit Property Management on Wednesday.
James C. Watson, president of Orange County-based CT Realty Investors, says if what has happened in the Inland Empire is any indication, the 3 million square feet of vacant space in Otay Mesa shouldn’t be a long-term problem.
While San Diego County’s commercial real estate has bottomed out, hotel, retail, office, industrial and apartment markets each made significant strides in 2012 -- though not at the same rates.
The inventory of new condominiums in downtown San Diego is dwindling and with no construction on the immediate horizon, the market is tightening.
Supply and demand, and San Diego’s low housing inventory, combine to bring up prices in a competitive market, experts said at the San Diego Association of Realtor’s fourth annual Regional Real Estate Summit on Friday.
Notices of default are down from last month and last year, and local experts say this indicates an improving market.
In the latest of what has been a flurry of hotel transactions during the past two years, Chesapeake Lodging Trust said it has acquired the 429-room Hyatt Regency Mission Bay Spa and Marina for a reported $62 million.
Lack of inventory isn’t the only factor keeping move-up and first-time buyers from entering the housing market — but the math behind their reasoning might not be in their interest.
“Optimism” was the byword of a residential real estate roundtable discussion sponsored by the Greater San Diego Association of Realtors last week at The Daily Transcript offices.
Local real estate professionals took a look back on 2013 while predicting what’s to come in 2014 at a recent roundtable discussion hosted by The Daily Transcript. The biggest change for buyers and sellers in 2014 will be the absence of investors come spring, they said.
Land sales in San Diego’s unincorporated areas indicate a healthy market, while a paradigm shift is causing high-end La Jolla homes to sit on the market.
Low housing inventory seems to be dictating other trends in the market: competition, prices and pocket listings.
The housing market took a turn six months ago with increased demand leading to higher prices and competition for inventory, according to a group of real estate professionals at a roundtable discussion hosted by The Daily Transcript.
Whether it is military downsizing, sequestration or a “fiscal cliff” that is fast approaching, it is already having an impact on commercial real estate.
Underwater borrowers in San Diego County are contributing to pent-up demand resulting from a lack of inventory, which is causing multiple offers on homes and prices to increase slowly, according to local real estate experts at a roundtable discussion hosted by The Daily Transcript and sponsored by the San Diego Association of Realtors.
A limited inventory of houses means the San Diego real estate market can stand to absorb a possible influx of foreclosures, local experts said at recent roundtable discussion at The Daily Transcript sponsored by the San Diego Association of Realtors and North Island Credit Union.
Experts in the residential real estate industry seem to be more upbeat than they were a year ago, but distressed sales and foreclosures continue to drag on the market.
Realtor Ghassan Aboukhater knows how to treat his high-end customers right. The Lebanese native grew up in the hotel business, worked for two Swiss banks, knows several dozen millionaires and billionaires, and speaks French and Arabic.
The current commercial real estate boom has meant good times for builders, developers, buyers and tenants. And lenders are prospering from the turnaround as well. One of the local lenders that has been a consistent supplier of financing is the real estate department of Torrey Pines Bank, which funded $425 million in new loans last year, up from $412 the prior year.
Alex Rojas founded Shore Point Real Estate in February 2012. Opening his own office has allowed Rojas to give back to his Pacific Beach community.
One could say that Tim Wright, senior managing director of HFF in San Diego, has assimilated quite well since coming from the Midwest to Southern California in the late '70s and "feeling like a foreign exchange student" at the University of California, Santa Barbara.
Southern California life may be laid-back, but at the San Diego office of Cresa Corporate Real Estate, the 12 brokers don't do laid-back.
About 40 years ago, Marten Barry decided that it was time to stop being a ski bum, and get serious about earning a college degree and establishing a profession.
Appreciating the ingenuity at play at ECP Commercial is as easy as taking a trip downstairs from the real estate company’s second-floor offices in Kearny Mesa. Your destination: SmartSpace.
The ongoing circus surrounding the San Diego mayor's office is much more than fodder for late-night talk show hosts and political wags, nationwide.
John Frager remembers pondering three job opportunities when he came out of the Navy in 1986: a pharmaceutical sales position; a $25,000-per-year job at a New York stock brokerage; and an entry-level opportunity in the research department of CBRE in San Diego, starting at $14,000 per year.
“I grew up with a hammer in my hand,” said Doug Cowan, fondly recalling his youth doing odds and ends building and repair jobs with a friend on the Jersey Shore.
The evolution and sweep of the Web have made a major impact on the commercial real estate business, as in so many other aspects of American life.
Craig Stewart smiled as he revisited a Jan. 15, 2010 article in the Daily Transcript that announced the birth of his company, ACRE Investment Real Estate Services, which specializes in apartment brokerage and property management throughout San Diego County.
Michael and Carrin Goldstein weren’t the founders of what was known as The Packard Co., but not long after they purchased the property management firm in 1998, they made it their own.
For Jim Spain, preparing for a career as an attorney was always his single-minded objective. That is, until he took a class in advanced real estate planning during his third year of law school at University of San Diego and discovered what he really wanted to do with his professional life.
Steve Avoyer has no trouble remembering his first shopping center project in San Diego, back in ’79 when he was a broker with Coldwell Banker.
He doesn't at all miss mixing it up in the trenches with behemoth defensive tackles and nose guards, as he did during his days as an offensive lineman at Laguna Hills High School and the University of Arizona, but Marcus & Millichap's John Vorsheck still thrives on competition.
Were it not for an especially daunting chemistry class at the University of California, Santa Barbara in 2001, Chris Robinson might today be an oceanographer or a marine biologist.
Growing up in Westlake Village as the son of a real estate attorney was, as it turned out, excellent training for Bill Anderson, senior vice president and one of three co-founders of ACRE Investment Real Estate Services.
Chris Wood remembers first being bitten by the real estate bug as a senior at the University of California, San Diego, when he sold his first property, a parcel of land for an office high-rise in downtown Los Angeles.
Foreign buyers haven’t made a substantial move to San Diego, but the CEO of Willis Allen is working to make sure they know the product is here.
As vice chairman of San Diego County brokerage services, Stephen Rosetta oversees the ninth-largest Cushman & Wakefield region in the United States and one of the largest commercial real estate brokerage firms in greater San Diego.
When it comes to the real estate brokerage business, knowing your turf is essential, and it’s been a catalyst for success at Inland Pacific Commercial Properties.
By his own description, Dan Broderick's introduction to the commercial real estate business was “completely accidental.”
“Reputation is all you have and trust is the biggest foundation of that, remembering that the commercial real estate community is very small, remembering that it's just money, and remembering that, if you really have a passion for what you do and do the right thing each and every time, success is the outcome.”
Rob Hixson, a CBRE senior vice president and a six-year chair of the Otay Mesa Planning Group, leaps into his work whether it is the update of the community plan, or building more than 360 houses for the homeless in Tijuana.
April 14, 2015 -- George Chamberlin talks with Donna Sanfilippo, past president of the Greater San Diego Association of Realtors, about April housing stats, the re-opening of SDAR's Kearny Mesa campus and a new co-working center.
June 26, 2104 -- George Chamberlin speaks with Leslie Kilpatrick, president of the Greater San Diego Association of Realtors, and Donald Coleman, vice president of real estate member experience for USE Credit Union, about what's happening in the residential real estate market and the role a credit union can play in buying a home.
Explore the latest industry trends, issues and market predictions.
Explore the latest industry trends, issues and market predictions.
Explore the latest industry trends, issues and market predictions.
Explore the latest industry trends, issues and market predictions.