Greystar sells 710-unit building to MG Properties for $309 million
Greystar sells 710-unit building to MG Properties for $309 million
The sale of a downtown San Diego apartment high-rise is among the region’s largest of the past five years, signaling a warming of the multifamily investment climate.
Deal for three-building Torrey Pines campus among region’s biggest of past year
Breakthrough Properties acquired a three-building San Diego biotech campus, marking one of the region’s biggest deals of the past year for a property category that has recently str...
Pressure from supply side expected to ease
At the end of 2024, occupancy losses in San Diego’s industrial sector stretched to an eighth consecutive quarter. That pushed vacancy to its highest level in more than a decade aft...
Unemployment rate falls to lowest level since May in San Diego
San Diego’s unemployment rate ended 2024 at 4.3%, down from a revised 4.6% in November, according to the latest release from the Bureau of Labor Statistics.
New hires, promotions and other personnel changes
Cushman expands Florida institutional team
Availability unchanged across the region
San Diego's retail market has started 2025 in one of its strongest positions in years, although store closures announced over the past few weeks will likely open more availability ...
Smaller deals drive activity
San Diego’s office market endured an underwhelming year for leasing in 2024. The region experienced its lowest leasing volume since 2020 when less than 4 million square feet of off...
One hotel accounts for over 50% of rooms under construction
San Diego exhibits a strong pipeline of hotel rooms under construction and in final planning, as the metropolitan area has roughly 2,900 rooms underway across 10 properties, or 4.3...
Atlas Hospitality survey reports 35 new hotels in 2024
California hotel development reached its lowest point in about 10 years in 2024.
Foxx Development doubles footprint in border-adjacent Otay Mesa neighborhood
Technology firm Foxx Development leased more than 100,000 square feet in one of the San Diego region’s largest industrial deals of the past year by square footage, at a time when f...
Challenges remain for area landlords
Demand in San Diego’s apartment market took off in the second half of 2024. Net absorption, which measures the change in occupancy over time, tallied more than 2,600 units.
Two transactions made up 20% of the total sales volume
In 2024, roughly $2.5 billion of hotel properties were traded in California, a decrease of 6% compared to the prior year, with the number of sales decreasing by over 10%. This was ...
Growth rates within the state exceed national average
Developers are active across several California markets, with 14,700 rooms under construction across 110 hotels, or 2.6% of the existing supply.
Construction sector leads job losses
San Diego’s unemployment edged down to 4.6% in November from a revised 4.7% in October, according to the latest jobs report released by the Bureau of Labor Statistics. That was 30 ...
Santa Monica investment firm acquires property in challenging climate for urban landlords
Irvine Co. sold a third downtown San Diego office tower for well below its previous sale price, the latest discounted deal across the nation in a tough climate for the property cat...
Fourth-quarter losses eased up compared with recent past
San Diego’s apartment landlords saw rents finish the year falling by 0.2% in the month of December, with the fourth quarter dropping at an even steeper rate overall.
Avison Young's Mark Mattis tapped as industry group president
One of Southern California's top commercial real estate trade groups has named its new leaders for 2025 as the industry takes on a host of economic and regulatory issues.
CedarSt, Bridge to build 180 units near eastern edge of Balboa Park
A joint venture between an apartment developer and an investment firm has raised the equity portion for a $90 million multifamily project in a San Diego opportunity zone as the cit...
Over the past five years, the Puget Sound region has lost 1.5 million square feet of space
The Puget Sound region has seen the largest drop in retail inventory over the past five years of any U.S. retail market. The amount of space in retail buildings decreased by more t...
Private buyer inks deal for 50-unit multifamily property in Vista, California
The Frandsen Family Trust has sold a 50-unit multifamily property in Vista, California, to a private buyer for $14.8 million.