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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.
A mid-third quarter snapshot of San Diego County’s office and industrial markets shows mixed results, with strong office leasing and weak industrial activity, according to Voit Real Estate Services.
Local real estate professionals will gather to hear what’s in store for the future of the housing market at the San Diego Association of Realtors’ fourth annual Regional Real Estate Summit on Friday.
Low housing inventory is pushing up prices and creating a positive outlook for the market, San Diego County Treasurer-Tax Collector Dan McAllister told a group of Realtors on Friday.
In one of the largest institutional sales in Rancho Bernardo in years, Brookwood Financial Partners LLC has paid $21.55 million for the 173,244-square-foot Bernardo Executive Center office complex on West Bernardo Drive.
A Legacy Partners partnership has paid a total of $51.25 million for three Pfizer-owned properties in the Torrey Pines area, less than nine months after Legacy lost the 600 B St. building in downtown San Diego to foreclosure.
East County real estate professionals feel pressure to get more homes listed in the area as it continues to see little movement.
The housing market can’t catch a break – home prices start to increase, signaling good news, but causing the search for comparable homes to suffer.
While hotel sales in San Diego County decreased by 69.6 percent and dollar volume was down 97.5 percent through the year's first half, Atlas Hospitality Group said the numbers may be deceiving.
An El Cajon-based developer/contractor has just paid $3.8 million for 16.6 acres of land in Otay Mesa, and is unfazed by the approximately 3 million square feet of vacant industrial buildings there.
A 60,065-square-foot portion of the 107,843-square-foot Del Mar Heights Village shopping center has been purchased for approximately $40.87 million by a Costa Mesa-based entity, according to Bruce Schiff, one of the brokers handling the sale.
San Diego’s economy should be on the mend, if the list of companies looking for space is any indication.
Hotel real estate investment trusts with major assets in San Diego County have had varying degrees of success in this year's second quarter.
With the U.S. Supreme Court’s decision to uphold the new health care law near the second quarter's end, large and small medical office tenants in San Diego may have a better idea of their next move.
The Harry Collins family of investors, developers and general contractors has begun selling its 1.87 million-square-foot portfolio of industrial, office and retail properties from National City to Orange County.
While San Diego County’s retail submarkets appeared to be improving in the second quarter, there are notable differences in vacancies from place to place.
A slow rebound in employment has translated into improved office space leasing in San Diego County, according to reports by four leading commercial real estate firms with local offices.
Leasing rates for San Diego office, retail and multifamily markets are projected to outpace the rest of the country in the next three years, while industrial leasing is expected to lag.
As the San Diego housing market begins what could be a slow recovery, movers are seeing more business than they have in several years.
Home prices increased 1.3 percent in the month of April for both the 10- and 20-City Composites, according to the S&P/CaseShiller Home Price Indices.
Both resold and new home inventories are at or near their lowest levels ever at a time when new home construction is still negligible in San Diego County.
Foreclosure rates in San Diego-Carlsbad-San Marcos decreased for the month of April over the same period last year, according to CoreLogic (NYSE: CLGX).
The Westfield Group, which controls seven regional malls in San Diego County, is attempting to turn its malls into one-stop shops.
Home buying in San Diego County increased for both detached and attached homes in May, according to housing statistics provided by the San Diego Association of Realtors.
A number of retail and office properties on La Jolla's prestigious Prospect Street are going through a foreclosure, have large vacancies, are behind in payments and/or or have watchlisted loans.
The South Bay office and industrial markets have been hammered the past few years, and it doesn’t look like things are going to get better anytime soon.
Foreclosure activity in San Diego County may be reaching equilibrium, according to local experts.
Homeowners considering short selling their homes may want to think again.
Approximately 1,500 apartment units are projected to hit the San Diego market this year -- more than triple last year’s figure -- and many more are in the pipeline, according to Novato, Ca.-based RealFacts.
Otay Ranch has seen the development and sale of nearly 8,000 single- and multifamily units, along with parks, schools, shopping centers and swim clubs. Yet, 13 years after its first home was sold, the east Chula Vista development is only about a third complete.
People with low incomes often have a tough time handling housing costs, forcing them to share expenses by squeezing multiple people into small apartments and houses.
San Diego County industrial, office and medical office space sectors are experiencing varied fortunes, depending on asset class and submarket.
San Diego County showed a 46.6 percent year-to-year increase in overall private commercial construction activity in the first quarter, the best in California, according to a construction data firm.
Asking apartment rents in San Diego County are projected to continue to reach record levels in San Diego County in 2012, as vacancies tighten, but military cutbacks could impact the numbers.
The number of homes in San Diego County receiving notices of default (NODs) decreased by 19.23 percent in April from March, as the number of trustee deeds filed fell by 20.1 percent, according to the San Diego County Assessor’s Office.
San Diego County’s retail market has experienced positive net absorption for eight consecutive quarters, according to a new Colliers International report.
An 81,279-square-foot portion of the approximately 250,000-square-foot Old Grove Marketplace in Oceanside has been sold for $19.55 million, and more sales are on the way.
Through at least 2030, the housing market will depend on the desires and fortunes of two generations: baby boomers and a group primarily made up of their offspring, echo boomers, according to a recently released report prepared for the Washington, D.C.-based Bipartisan Policy Center.
While some commercial real estate asset classes are re-emerging around the region, the South County industrial market remains stuck in the mud.
The number of students taking out student loans, the dollar amount of student loans and the rate of default are all going up nationally, which may be putting further strain on the housing market.
While San Diego County’s office space market is expected to favor the tenant for the rest of this year, 2013 is projected to be neutral, and a landlord’s market is expected to return in 2014 and 2015.
While San Diego County's retail market is still feeling the recession's impact, there is enough confidence in the market that new projects will get off the ground this year and in 2013.
While the number of sold listings has increased slightly from this time last year in some San Diego areas, median prices continue to decrease while the average number of days on the market increases.
A commercial real estate recovery is under way, but predicting the improvement's strength and duration may prove elusive.
WASHINGTON — The federal regulator who oversees Fannie Mae and Freddie Mac is softening his position against allowing the mortgage giants to reduce principal for U.S. borrowers at risk of foreclosure.
After sometimes sitting on the market for years, many of downtown San Diego's most prevalent condominium developments are approaching sellout status.
After 20 years of providing high-end construction services to a diverse range of industries and organizations throughout San Diego County, Jack Burger, founder and president of Burger Construction, sees some very promising economic trends and developments on the horizon.
Usually when you apply for a business loan, you walk into a local branch and speak to a local loan representative. You might assume you are dealing with a local lender, but if the decision maker is elsewhere, there’s nothing local about it.
Commercial buildings have the propensity to consume vast amounts of energy and water, and the costs of those resources are clearly on the rise. Helping building owners leverage sustainable technologies to better manage costs is becoming an increasingly more valuable component of the services offered by Meissner Jacquét Investment Management Services.
Trustee deeds in San Diego County fell slightly in March while notices of default increased by more than 250 compared to February, according to the San Diego County Assessor’s Office.
Reports by Colliers International and Jones Lang LaSalle say while there was respectable office space absorption in the first quarter of 2012, Class B space absorption was still slow.
In the San Diego-Carlsbad-San Marcos metro area, home prices -- including distressed sales -- declined by 3.2 percent in February 2012 compared to February 2011, according to CoreLogic.
Taylor Research Inc. has signed an eight-year lease valued at $2 million for office space in Kearny Mesa, according to Cassidy Turley San Diego.
The 20-unit apartment complex located at 2020 Island Avenue, San Diego, 92102 (assessor's parcel No. 535-214-08-00) has been sold for $1.65 million or $82,500 per unit. The complex was purchased by Christopher S. Blatt. The property’s seller was the Fisher Family Trust.
Over the next 10 years, close to 60 percent of the estimated net new San Diego County households are expected to be Hispanic, according to Gary Acosta, co-founder of the National Association of Hispanic Real Estate Professionals (NAHREP).
From alcoholic beverages to potentially life-saving mobile devices, and an array of products and services in between, San Diego’s opportunities for commercial growth stretch far beyond its known biotechnology sector, according to a panel of four local business executives Thursday.
California completed 154,212 foreclosures during the 12 months ending in February, the most in the country, according to CoreLogic.
Reports by Cushman & Wakefield and Marcus & Millichap bode well for medical office space here and across the country.
San Diego's countywide apartment vacancy dipped from 4.64 to 4.43 percent between September and March as the average rent edged slightly higher from $1,357 to $1,361 per month during the same period, according to a real estate information company.
The U.S. lodging industry, after suffering through the recession, appears poised for rate and occupancy growth through 2014, but a slow start in San Diego County this year has at least one expert concerned.
While San Diego County still has millions of square feet of vacant office space, it had the lowest amount of free rent on a 10-year lease than any of the country's top 18 major metropolitan areas, according to a first quarter 2012 PricewaterhouseCoopers (PwC) report.
Mike Anderson works for Keller Williams Realty, serving the East County.
Roger Roberts, GRI, works for Prudential California Realty, in the eastern regions of San Diego, North Park, University Heights, and all of East County. His office is in La Mesa.
The average selling price in North San Diego County dropped in February while the volume of transactions increased over the prior month, according to Jerry Kalman, Realtor at The Jacques Company.
February sales of single-family detached properties in San Diego County increased 10.75 percent from January and 17.78 percent from February 2011, according to the San Diego Association of Realtors (SDAR) housing statistics released through the Sandicor Inc. Multiple Listing Service (MLS).
Downtown San Diego has roughly 2 million square feet of vacant office space, and 2011 did nothing to relieve the situation.
San Diego County foreclosure activity fell slightly in February, according to the San Diego County Assessor’s Office, which could be indicative for the year, said Alan Gin, professor of economics at the University of San Diego.
Andy Nelson is the CEO of Willis Allen Real Estate.
Office properties may not be leasing as quickly as landlords would like, but that doesn't mean investors aren't clamoring to get them.
Housing affordability is through the roof, but home sales still aren’t increasing because people are unhappy, according to Frank Nothaft at the USD Burnham-Moores Center for Real Estate’s 16th Annual Real Estate Conference on Friday.
California foreclosure-related sales accounted for 42.85 percent of the state’s total residential property sales in the fourth quarter, the second highest percentage among the states, according to RealtyTrac’s Q4 and Year-End 2011 U.S. Foreclosure Sales Report.
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.
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.