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OUR TOP FIVE LOCAL AND NATIONAL NEWS STORIES

BANKS BOOST RESERVES FOR COMMERCIAL REAL ESTATE IN CASE RECESSION HITS

Costar


Bank loans for commercial real estate hit a record high in the final three months of 2022, but those lenders also set aside more money to cover potential losses from that financing amid recession fears. For all U.S. banks, fourth-quarter loans for commercial properties grew 1.8% to a record $1.78 trillion compared to the previous quarter, according to figures compiled by Dallas-based BankRegData. Construction loans, recorded separately, rose 4.6% to $467.7 billion.

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SAN DIEGO OFFERS FINANCIAL HELP FOR RESTAURANTS STRUGGLING TO AFFORD BUILDING OUTDOOR DINING ON THE STREET

San Diego Union Tribune


The city announced Wednesday that it is making available individual grants of up to $20,000 for

those businesses that have applied for permits allowing them to operate outdoors in the public right of way. What began as a temporary program during the height of the pandemic to assist restaurants that were forced to close down indoor dining has now been made permanent.

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RETAIL PROVES RESILLIENT DESPITE STRONG HEADWINDS, SAYS COX CASTLE'S GROSSFIELD

Connect CRE


2022 was choppy going for U.S. economy, yet the retail sector proved itself seaworthy. Given the

rough waters, many have asked “how the retail sector has been able to withstand, survive, and even thrive following so many hits to the core fundamentals of the economy, and, moreover, will the retail sector continue its success in 2023?” writes Cox Castle & Nicholson partner Scott L. Grossfeld.

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AFFORDABLE HOUSING, TASTING ROOMS AND BIGGER DOWNTOWN HOMES: WHAT'S IN SAN DIEGO'S BIG BATCH OF PROPOSED POLICY CHANGES

San Diego Union Tribune


San Diego may soon outlaw storage facilities in prime industrial areas, expand where tasting rooms are allowed and make downtown more family-friendly with new incentives for three-bedroom apartments and child care businesses.

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AS INFLATION TICKS BACK UP TO 6.4%, IT'S TIME FOR A BROADER VIEW

Globe St.


With the announcement of January’s CPI numbers — 0.5% increase in January after a 0.1% increase in December, higher than predicted. That made a 12-month 6.4% inflation rate, which was still down from 6.5% in December, although over expectations. A lot of people are trying to understand where things are. A lot of things are moving at the same time.

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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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