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OUR TOP FIVE LOCAL AND NATIONAL NEWS STORIES

HERE'S WHAT'S NEW AT MALLS AS BRICK-AND-MORTAR RETAIL EVOLVES

Costar


The local mall is changing fast, along with consumer habits that were jolted in the pandemic, as

traditional stores make room for nontraditional uses including apartments, warehouse clubs and

self-storage spaces.

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STILL A YEAR AWAY, HERE'S WHAT'S HAPPENING WITH HORTON PLAZA'S REINCARNATION AS AN OFFICE CAMPUS

San Diego Union Tribune



On any given day, roughly 150 construction workers are remaking the Nordstrom box into a lab-ready research building and reinventing retail spaces as destination restaurant venues. Some shell spaces will even be ready in time for occupants to start on interior improvements as soon as

March.

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SAN DIEGO FINANCE PROS OFFER TIPS ON MAKING THE MOST OF HIGH INTEREST RATES

San Diego Union Tribune


The Union-Tribune asked a panel of San Diego finance professionals for their best pointers about

how borrowers and investors can make the most of high interest rates.

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CONSTRUCTION STARTS TUMBLE IN NOVEMBER

Globe St.


According to the Dodge Construction Network, starts overall fell by 18% in November with each nonresidential building starts down 25%, nonbuilding shed 21%, and residential starts dropped 5%. Meanwhile, the National Association of Home Builders’ monthly confidence index fell two points to 31 in December, marking the 12th month in a row that the index has fallen.

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HERE'S WHAT THE FEDERAL RESERVE'S HALF-POINT RATE HIKE MEANS FOR YOU

CNBC


The Federal Reserve raised its target federal funds rate by 0.5 percentage points at the end of its

two-day meeting Wednesday in a continued effort to cool inflation. Although this marks a more typical hike compared to the super-size 0.75 percentage point moves at each of the last four meetings, the central bank is far from finished, according to Greg McBride, chief financial analyst at Bankrate.com.

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ABOUT LEE & ASSOCIATES

At Lee & Associates, our reach is international but our expertise is local market implementation. With offices across the nation and Vancouver, Canada, Lee & Associates is one of the largest and fastest growing commercial real estate organizations in North America. 


Founded in 1979, our experience and expertise offers extensive local market knowledge, seasoned agents, industry leading technology, and a commitment to achieving our clients long-term real estate goals and successes. Lee & Associates understands real estate and accountability, and provides an integrated approach to leasing, operational efficiencies, capital markets, property management, valuation, disposition, development, research, and consulting.


Commercial Real Estate Questions? 

Please Contact:


Steve Malley

smalley@lee-associates.com

858.453.9990

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