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OUR TOP FIVE LOCAL AND NATIONAL NEWS STORIES

THE FED'S LATEST MEETING MINUTES OFFER DETAILS FOR CRE

Globe St.


The minutes from the Federal Reserve’s June Federal Open Market Committee (FOMC) meeting were released on Wednesday with some interesting tidbits for the real estate industry.

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MULTIFAMILY DELIVERED YET ANOTHER EYE-POPPING QUARTER

Globe St.



Preliminary trends for the apartment sector in the second quarter showed the asset class climbing to new heights, while office continued its COVID-initiated “bumpy ride.” That’s according to Moody’s analyst Lu Chen, who notes in a new analysis that despite increasing geopolitical tension and hawkish policies from the Federal Reserve, the sector delivered another quarter of record growth in Q2.

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THE RETURN OF AMERICAN MANUFACTURING IS SUPERCHARGING INDUSTRIAL CONSTRUCTION

Bisnow


The rate of construction spending on U.S. manufacturing facilities has reached its highest point this millennium, as corporations increasingly see the benefits of shifting their factories closer to home.

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PROJECT WILL ADD 531 APARTMENTS TO SAN DIEGO'S CONVOY DISTRICT - WHERE THERE ARE NONE TODAY

San Diego Union Tribune


San Diego’s Convoy District, a bustling neighborhood celebrated for its wide assortment of locally owned Pan-Asian eateries and shops, is currently lacking the key ingredient required to make it a thriving community: homes. A first-of-its-kind project from developer Trammell Crow Residential opens the door to a new reality, one in which area business owners, workers and patrons can also be residents.

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LA MESA, FLUSH WITH FEDERAL CASH, IS NOW ACCEPTING PITCHES FOR NEW BUSINESSES

San Diego Union Tribune


Applications opened Friday for the La Mesa Entrepreneurship Accelerator Program, known as LEAP, potentially making the city the first in the region to use federal relief funds toward new stores.

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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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