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WEEKLEE NEWS
IN REVIEW


OUR TOP FIVE LOCAL AND NATIONAL NEWS STORIES

DESPITE TRANSITION IN THE MARKET, THIS CEO SAY CRE OPPORTUNITIES ABOUND

Bisnow


Rather than playing a waiting game to see how the market turns out, investors, developers and owners could use this time as an opportunity to re-evaluate their portfolios and explore new asset classes, said Jeff Rinkov, CEO of commercial real estate brokerage Lee & Associates.

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SAN DIEGO WILL RAISE MINIMUM WAGE TO $16.30 NEXT YEAR. WHAT CAN BUSINESSES AND WORKERS EXPECT?

San Diego Union Tribune



San Diego’s minimum wage for all employers will rise from $15 to $16.30 an hour in January, the city announced Friday. The scheduled increase comes as consumers face rising housing costs and higher prices on gasoline and food.

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SAN DIEGO'S CIVILIAN LABOR FORCE PARTICIPATION PICKS UP IN AUGUST

Costar


Labor force participation increased in August, according to the latest jobs report released by the California Employment Development Department. That largely pushed the market's unemployment rate higher in August to 3.4%, from 3.1% in July. Even so, that rate is better than California’s state-wide 4.1% and the national average of 3.8%.

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WILL INFLATION AFFECT YOUR DUE DILIGENCE?

Globe St.


With inflation dominating the headlines, and construction costs continuing to escalate, commercial real estate investors may be wondering how these factors affect their Property Condition Assessments (PCA). Does current inflationary pressure impact values in the immediate repairs table (IRT) or the replacement reserve table (RRT)?

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IN THE HYBRID WORK ERA, TECH COMPANIES EXPERIMENT WITH NEW OFFICE LAYOUTS

Geekwire


Many tech companies are reducing their real estate footprints as they adopt permanent hybrid work policies spurred by the pandemic. They’re also rethinking how existing space is designed and used as the physical office becomes more about gathering and collaborating in this new era of work.

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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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www.lee-associates.com/sandiego