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WEEKLEE NEWS
IN REVIEW


OUR TOP FIVE LOCAL AND NATIONAL NEWS STORIES

CITY, DEVELOPER FINALIZE NEGOTIATION TERMS FOR SPORTS ARENA SITE

San Diego Union Tribune


The city of San Diego and development team Midway Rising have cemented an agreement to negotiate the lease and redevelopment of the city’s 48-acre sports arena site in the Midway District.

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CRE SENTIMENT INDEX SUGGEST RECESSION WILL BE SHALLOW AND SHORT

Globe St.



Volatility has dominated the RCLCO Current Real Estate Market Sentiment Index (RMI) lately – with distress reaching 2020 COVID-19 levels – but respondents to its most recent survey suggest that the real estate market may have hit its low or will in the coming months.

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A SURPRISING FIND IN RETAIL MALLS

Globe St.


The general assumption in retail that’s been building, part of the “retail apocalypse,” as Placer.ai notes in a new report, is the oversupply of malls in the US. Something’s got to give, and it will be the secondary tier of properties. But a growing number of brands looking for space as the “safe” locations has opened a possibility that B-tier malls could potentially see a resurgence.

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CONSUMER CONFIDENCE IMPROVES, CONSTRUCTION COSTS STAY HIGH, MORTGAGE RATES DECLINE

Costar


Consumer sentiment is up slightly this month from November at a time of continued uncertainty about the economy, according to a closely watched survey by the University of Michigan...

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CRE LEASE STRUCTURE IS CHANGING IN FAVOR OF THE TENANT

Globe St.


The demand for commercial lease space has definitely changed over the last several years, but

the structure of these leases has equally shifted in favor of the tenant, according to Quarem Software President John Rice.

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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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