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WEEKLEE NEWS
IN REVIEW


OUR TOP FIVE LOCAL AND NATIONAL NEWS STORIES

COMMERCIAL CONSTRUCTION STARTS, PLANS INCREASE DESPITE RECESSION WARNING SIGNS

Bisnow


Interest rates are rising, inflation is at generational highs and a recession may well be on the way, but the cranes on the skyline aren’t going away anytime soon. Construction starts are up and projects in planning rose in May, and experts told Bisnow that isn’t likely to change — at least for well-planned projects in sectors of high demand — even if obtaining financing gets harder and the cost of capital continues rising.

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SAN DIEGO AIRPORT LOOKING FOR LOCAL RETAILERS AND RESTAURANTS TO FILL TERMINAL 1. ARE YOU ONE OF THEM?

San Diego Union Tribune



San Diego International Airport is reaching out to local businesses that are interested in being a part of the historic $3.4 billion makeover of Terminal 1. The airport is hosting information sessions throughout the summer to show local businesses the different opportunities to get involved in the

revamped concessions space.

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STATE OPENS DOOR TO APARTMENT BUILDINGS OVER 30 FEET IN SAN DIEGO'S COASTAL ZONE

San Diego Union Tribune


A few blocks west of Interstate 5, in between Garnet Avenue and Rose Creek, an affordable housing developer is proposing to build the unthinkable — a mid-rise residential tower stretching well above the 30-foot height limit that’s been enshrined in the city’s municipal code for 50 years.

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AND NOW, SOME GOOD NEWS: MORE PEOPLE ARE SEARCHING FOR OFFICE SPACE THAN BEFORE

Globe St.


More people are searching for available office space now than before the pandemic, in what analysts at CommercialCafe are calling “a much more encouraging outlook” for the sector.

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BRICK-AND-MORTAR RETAIL CENTERS ARE BECOMING AN ATTRACTIVE ASSET FOR PRIVATE SECTORS

Propmodo


The Wall Street Journal reports that many stores that managed to endure the economic shock of the pandemic are finding that a large portion of their customer base is still enthusiastic about in-person shopping in spite of the pandemic-induced rise in e-commerce shopping.

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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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www.lee-associates.com/sandiego