SHARE:  
WEEKLEE NEWS
IN REVIEW


OUR TOP FIVE LOCAL AND NATIONAL NEWS STORIES

STRONG JOB NUMBERS COULD BE GOOD/BAD NEWS FOR CRE

Globe St.


The jobs report for July showed a jump of 528,000 jobs with the unemployment rate dropping to 3.5%, according to the Bureau of Labor Statistics. The agency said that both total non-farm employment and the unemployment rate are back to pre-pandemic levels of February 2020.

Read Full Article

WILL A BEAR MARKET BRING COMMERCIAL REAL ESTATE OUT OF ITS CAVE?

Promodo



Real estate has generally been considered a safe investment for these down market periods. Properties are hard, tangible assets that can generate income, and property values are less volatile than stocks. But investors generally rethink their portfolios in times of economic crises.

Read Full Article

'URBAN VILLAGES,' AN AERIAL SKYWAY AND 50,000 MORE PEOPLE: IS THIS THE FUTURE OF MIRA MESA?

San Diego Union Tribune


San Diego officials recently unveiled a proposal to transform Mira Mesa from a car-dependent neighborhood dominated by suburban strip malls into a pedestrian-friendly area featuring mixed-use urban villages, walking bridges over major streets and an aerial skyway.

Read Full Article 

SAN DIEGO'S INDUSTRIAL INVESTMENT MARKET REMAINS HEATED

Costar


San Diego’s industrial investment market saw more than $1 billion invested in the region during the second quarter, for only the second time in the past decade.

Read Full Article

PRICES ARE SURGING FOR LAND, THE FOUNDATION FOR ALL PROPERTY SECTORS

Costar


Land has been one of the strongest-performing commercial real estate sectors in the past year and a half as investors have flocked to the physical foundation for all real estate development. CoStar Group’s U.S. Land Index, a tool used to track the property type, increased 12.6% in the 12-month period that ended in June and is now 33.9% higher than its February 2020 pre-pandemic level.

Read Full Article 

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