StepStone Real Estate Services, a local commercial real estate asset management firm, has been awarded the property management contract for The Shops at La Jolla Village, located at Interstate 5 and Nobel Drive in La Jolla.
Amid the many challenges and economic uncertainties globally, nationally and within San Diego County, many companies have remained on the sidelines or proceeded to move at a slower and guarded pace. However, Colliers International continued to forge ahead in 2012 to meet, and often eclipse, the challenges presented by the recessionary economy with a persistent and enterprising spirit.
ACRE Investment Real Estate Services was established with overall interest to bring something unique to the real estate industry. The sentiment was, and continues to be, to provide clients with a boutique, personalized, client-friendly firm specializing in multifamily acquisitions and dispositions.
WASHINGTON — A measure of U.S. home prices rose 6.3 percent in October compared with a year ago, the largest yearly gain since July 2006. The jump adds to signs of a comeback in the once-battered housing market.
San Diego experienced a significant decrease in vacancy (over one half of a percent) to finish at 8.9 percent in the third quarter of 2012, compared to 10.1 percent in the third quarter of 2011. This success can be attributed to the limited land supply and lack of large blocks of space available in San Diego, and provides significant benefits and opportunities for industrial ownership. While the land surplus is being developed for office space or other commercial real estate uses, the already limited supply of industrial product will experience an increase in rents, a decrease in tenant concessions, a continued increase in demand and a decrease in supply.
With a large excavator just a few feet to his side, former San Diego Mayor and California Gov. Pete Wilson helped usher in a new era for Horton Plaza as he and the planners of the new Horton Plaza development project held a ceremonial groundbreaking in downtown San Diego Thursday.
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.
Find out who the major real estate players are in San Diego, as we profile individual leaders in the commercial and residential real estate markets, as well as those in the office leasing marketplace and private sector companies.