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WEEKLEE NEWS
IN REVIEW


OUR TOP FIVE LOCAL AND NATIONAL NEWS STORIES

AVAILABLE INDUSTRIAL SPACE TICKS UP WITH NEW DEVELOPMENTS, BUT STILL NOT ENOUGH

Costar


San Diego’s industrial market for specialized and logistics space is firing on all cylinders. Rents are up more than 13% year over year while the vacancy rate has dropped 1% in the past year to 2.4%. Both metrics are trending at historical levels.

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MISSION BAY'S FUTURE TAKES SHAPE: CITY UNVEILS FOUR PROPOSALS TO TRANSFOM BAY'S NORTHEAST CORNER

San Diego Union Tribune



San Diego’s plan to transform the northeast corner of Mission Bay into a combination of marshland, campsites and recreation areas continued to take shape Wednesday when city officials revealed four separate proposals they will comprehensively analyze this fall.

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THE FED CHIMES IN ON CRE LOAN ACCOMODATIONS AND WORKOUTS

Globe St.


Early last month, four of the big financial regulatory agencies—Office of the Comptroller of the Currency, Treasury; Federal Deposit Insurance Corporation; and National Credit Union Administration—published in the Federal Register a proposed change to a 2009 policy addressing commercial real estate loan accommodations and workouts.

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OFFICE SPACE DEMAND: LABOR DRIVEN OR NOT?

Connect CRE


A recently released Mortgage Bankers Association white paper, “A Framework for Considering Office Demand in a Post-Pandemic World,” theorizes that “the ongoing tug of war between employers and employees on the return to the office versus remote work will accelerate as pandemic-related impacts fade.”

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SAN DIEGO OKS NEW POLICIES TO ACCELERATE INFRASTRUCTURE PROJECTS BUT REDUCE CITY COUNCIL SCRUTINY

San Diego Union Tribune


San Diego approved comprehensive policy changes Tuesday that will allow infrastructure projects to be built several months faster but reduce City Council scrutiny and oversight powers.

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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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