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OUR TOP FIVE LOCAL AND NATIONAL

NEWS STORIES

JOB NUMBERS OFFER SOME OPTIMISM ON A SOFT LANDING

Globe St.


The jobs numbers were good. At 199,000, not the much higher numbers from early in the year, but plenty of satisfying news from the view of a recession. However, if the question is how soon the Fed will knock down interest rates, CRE investors, owners, and developers might like to take some aspirin for the headache of a resulting logical conclusion.

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SMALL TENANTS DRIVE BULK OF RECENT RETAIL LEASING IN SAN DIEGO

Costar


One trend that has accelerated this year in San Diego's retail sector has been elevated leasing among the smallest tenants, or those occupying 3,000 square feet or less. Between 2019 and 2022, leases in that size segment averaged 44% of the total annual leasing volume, with the 2019

average of 36% marking a five-year nadir.

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FEDERAL GOVERNMENT AWARDS BILLIONS OF DOLLARS IN GRANTS FOR PASSENGER RAIL PROJECTS NATIONWIDE

Costar


Four major projects to expand passenger rail service in the United States are set to receive up to $7.3 billion in federal grants, potentially sparking commercial and residential real estate development between some of the nation's major metropolitan areas.

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HOW MANY TIMES WILL THE FEDS CUT RATES? HERE'S WHAT WALL STREET EXPECTS FOR THE KEY STOCK-MARKET DRIVER IN 2024

Business Insider


Since its last interest rate hike in July, it seems the Fed has made solid progress in lowering inflation without hurting the labor market and broader economy. This has spurred many analysts on Wall Street to forecast significant interest rate cuts next year.

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WHEN RETAIL-TO-RESIDENTIAL CONVERSIONS MAKE SENSE

Globe St.


The successful redevelopment of a commercial property or underutilized site can pay significant dividends for a real estate owner. Exploring what the highest and best use of a particular property can mean the difference between an investment that cash flows and one that sits vacant. If an owner has an under-leased or underutilized retail property, for example, converting a portion of it to multifamily or mixed-use introduces an immediate and direct customer base for the remaining stores.

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FEATURED PROPERTIES

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

LinkedIn

www.lee-associates.com/sandiego