COSTAR: MULTIFAMILY MAY OUTPERFORM EXPECTATIONS IN Q2

Globe St.

It is looking possible that multifamily’s fundamentals in the second quarter will finish stronger than a year ago. It is even possible that the quarter overall may outperform expectations. This is according to CoStar Group, which is basing this premise on April’s rental numbers that are showing every sign that the sector is beginning to stabilize.

SAN DIEGO FORMALLY OFFERS FOR SALE FORMER RITZ-CARLTON SITE TO DEVELOPERS BUT WILL THERE BE TAKERS?

San Diego Union Tribune

Three months after killing longstanding plans for a Ritz-Carlton, the city of San Diego is hoping to entice developers across the country to reimagine the former East Village hotel site, as long as they include a substantial percentage of affordable housing units.

SMALLER INSTITUTIONS ACCOUNT FOR MOST BANK LOANS FOR COMMERCIAL REAL ESTATE

Costar

Federal Reserve data shows that banks are cutting their pace of lending and are more cautious about where they're allocating capital. And now, a credit squeeze is underway, and some investors must look to sell their properties or find alternative financing sources while bank liquidity contracts.

RETAIL INVESTMENT FALTERS IN SAN DIEGO

Costar

There has been a noticeable drop in transaction count and investment volume across the San Diego retail market since the middle of 2022. That has coincided with rising interest rates and concerns about the broader economy.

SAN DIEGO MOVES FORWARD WITH WIDENING SR-56 TO CREATE CARPOOL LANES, DESPITE CLIMATE CONCERNS

San Diego Union Tribune

San Diego is moving forward with controversial plans to add two carpool lanes in the center of State Route 56 despite concerns the new lanes will work against the city’s climate goals by encouraging more driving.

FEATURED PROPERTIES

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

www.lee-associates.com/sandiego