WEEKLEE NEWS
IN REVIEW


OUR TOP FIVE LOCAL AND NATIONAL

NEWS STORIES

INDUSTRIAL LOANS RISE 63% WHILE MOST FIRST-QUARTER BORROWING DECLINES

Costar


Overall loan originations in the first quarter varied across different property types, with only two showing increases from a year earlier, according to the Mortgage Bankers Association. There was a 63% increase in the dollar volume of loans on industrial properties, while hotel property originations increased 8%.

Read Full Article

SMALL-BOX RETAIL PROPERTIES DRIVE LEASING ACTIVITY IN SAN DIEGO

Costar


San Diego’s availability rate of 4.7% at the end of the first quarter is trending at one of its lowest positions in the past 15 years. Through the first quarter, every retail subtype, with the exception of malls, fell year over year, with freestanding availability seeing only a marginal upward adjustment. The availability rate for retail space built in the past decade is 30% below San Diego’s overall rate.

Read Full Article

CAPITALIZATION RATES HEAD FOR HIGHER GROUND

Costar


Expanding capitalization rates for property sales across the primary commercial real estate sectors shed light on evolving investor sentiment, especially as interest rates remain elevated and expectations adjust regarding property income growth.

Read Full Article 

CONSTRUCTION PAUSED ON MEGA RIVERWALK PROJECT IN MISSION VALLEY

San Diego Union Tribune


After completing $90 million worth of infrastructure improvements, including a new bike lane along Friars Road and all of the on-site utility and foundation work, Houston-based real estate investment manager Hines has hit the pause button on its $4 billion mega project.

Read Full Article

GLOBAL CRE PRICING CONTINUES TO SLIP IN Q1

Connect CRE


Global commercial real estate pricing continued to fall in the first quarter of 2024 as deal activity

remained sluggish across most major global cities, MSCI Real Assets reported. The Global Cities Composite Index fell 5.7% from a year earlier, bringing the cumulative decline from 2022’s peak to 11%.

Read Full Article 

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