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Like many coastal cities, San Diego has lots of small residential properties that represent the vast majority of rental housing in the market, Sunrise Management's Phil Smith tells GlobeSt.com.
Proposed plans for the vacant county courthouse include approximately 125 new units of residential housing and ancillary amenity space, with half of the units rented at market rates and the remaining units designated for workforce housing.
With the success of the first build-to-suit building, DHL was encouraged to go forward with Transpacific Development Company to build 3000 Cantrell Sansom Rd. as a spec logistics facility.
Strong single-family home sales and population growth have attracted many new-to-market retailers, particularly in the experiential and entertainment sectors, recording 628,160 square feet of positive net absorption.
“This third consecutive decline in contract activity implies a possible topping off in sales,” says Lawrence Yun at the National Association of Realtors.
Amazon's purchase of Whole Foods sent awe through the commercial real estate industry last week, but smart landlords are already working with grocery tenants to stay competitive with the new online-brick-and-mortar grocery hybrid.