INTERSTATE 5 CARPOOL LANES AND OTHER NORTH COUNTY PROJECTS WILL SHARE $17.7 MILLION IN FEDERAL FUNDS

San Diego Union Tribune

Federal money for carpool lanes on Interstate 5 in Oceanside, a new fire station on Camp Pendleton, and projects in Carlsbad, Vista, Encintas and Solana Beach are included in the recent Fiscal Year 2024 government funding bill signed by President Joe Biden.

SAN DIEGO'S FIRST SPEC OFFICE BUILDING IN OVER A DECADE CROSSES CONSTRUCTION FINISH LINE

Costar

The national office market's record-high vacancy rate and depressed leasing demand have coagulated to produce a less-than-ideal environment for speculatively developed properties that are just now hitting the market. For one project in the greater San Diego area, however, it's been able to finish up construction on some unusually solid footing.

STAGFLATION IS A REAL POSSIBILITY TO THESE ANALYSTS

Globe St.

Last week, strategists from the Bank of America wrote that the macroeconomic picture is “flipping from goldilocks to stagflation,” which they defined as growth below 2% and inflation of between 3% and 4%. Inflation is higher in developed and emerging markets, while the US labor market is “finally cracking,” wrote Michael Hartnett.

LARGE INVESTORS RETURN TO THE MARKET

Globe St.

After a year in which transactions plummeted more than 50%, some institutional investors have reported they are now returning to the property markets. To be sure, they are expecting discounted pricing for the assets but their return is notable as it suggests that the market has indeed reached bottom or is close to it.

ARE SMALLER-YET-SMARTER LAYOUTS TRANSLATING TO STRONGER RETAIL PERFORMANCE

Moody's Analytics

This smaller-yet-smarter format experiment opened the door for Macy’s and the like to explore off-mall options, increase proximity to customers, and provide curated merchants and experiences through omni-channel shopping. Whole Foods also recently announced its expansion of five Whole Foods Daily Shops in New York City, which features compact layouts ranging from 7k to 14k square feet to tailor in-and-out needs of grocery shopping.

FEATURED PROPERTIES

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

www.lee-associates.com/sandiego