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WEEKLEE NEWS
IN REVIEW


OUR TOP FIVE LOCAL AND NATIONAL

NEWS STORIES

FIVE CRE INVESTMENT THEMES FOR TURBULENT TIMES

Globe St.


The CRE industry is facing some tumultuous times with higher interest rates, less debt and equity capital available, a multitude of loan defaults and foreclosures and a slowing economy. However, there are some “green shoots” that are worth following.

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SAN DIEGO UNEMPLOYMENT RATE RISES TO HIGHEST POINT IN MORE THAN A YEAR

San Diego Union Tribune


The region’s jobless rate was 4.3 percent in August, up from 3.9 percent the previous month, state labor officials said Friday. San Diego’s August rate was higher than the 3.9 percent nationwide average but lower than the 5.1 percent for California.

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RISING AVAILABILITY HITS BIOTECH LABS

Costar


While explosive growth in life sciences in the past decade has stoked demand for lab space, making it a hot commercial real estate niche for investors, demand for lab space in office buildings has softened. That comes just as construction is completed on millions of new square feet of property.

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HAS 2023 REALLY BEEN THAT BAD FOR CRE?

Globe St.


When looking at trends in any market, there is often folly in focusing on immediate changes in data. Up-and-down data movement over a short horizon usually creates chatter that can cause

whiplash and clouds the vision of investors. But the issue of chatter isn’t one only for an hourly or daily or even weekly fixation. It can happen in a year over year comparison because the aggregation leaves you with only two data points that feed into either concern or euphoria and may seem more important than they are.

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ENVIRONMENTAL REVIEW STARTS ON $3.8B SEAPORT SAN DIEGO PROJECT PROPOSING TO REDO 102 ACRES OF LAND AND WATER AREA

San Diego Union Tribune


The Port of San Diego has initiated a state-mandated environmental review of developer 1HWY1’s Seaport San Diego project, which proposes to demolish Seaport Village and redo surrounding areas with thousands of hotel rooms, ocean-research facilities, public attractions, and new marinas and piers.

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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