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WEEKLEE NEWS
IN REVIEW


OUR TOP FIVE LOCAL AND NATIONAL

NEWS STORIES

THE RETAILERS THAT DROVE LEASING IN 2023

Costar


The U.S. retail sector remained in expansion mode in 2023, with tenants leasing over 240 million square feet of retail space through November. While this total is likely to increase further through the remainder of the year, demand formation has been sufficient to tighten the amount of available retail space for the third year in a row.

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DATA SHOW INDUSTRIAL, MULTIFAMILY STILL IN CORRECTION

Globe St.


Industrial and multifamily continued in their corrections mode last month, while retail performed best with four months straight of pricing gains, according to data from Crexi that is based on properties in its database.

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WHERE THE BANK CRE LOANS ARE GOING

Globe St.


At this point, many people have a pretty good idea that banks are facing significant challenges

from CRE loans — even federal regulators. The Financial Stability Oversight Council recently released its annual report that both said, “Despite the regional bank stress in the Spring, the U.S. banking system remains resilient overall” and noted that commercial real estate loans, are a significant potential vulnerability.

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MIDWAY RISING'S SPORTS ARENA PROJECT EVOLVES WITH START OF ENVIRONMENTAL REVIEW PROCESS

San Diego Union Tribune


The Midway Rising development team selected last year to remake San Diego’s sports arena property in the Midway District has moved into the second leg of a negotiation period with the city that should, if all goes according to plan, culminate with a development deal by the end of 2024.

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IT'S THE END OF 2023. ARE WE WHERE EXPERTS PREDICTED WE WOULD BE?

Bisnow


2023 did not bring a recession as many expected, and while the CRE market has seen distress, it has not been as widespread as some feared. Housing supply and affordability has remained a major issue. But the rapid rate of rental price increases is cooling, as is inflation, with the Federal Reserve keeping interest rates high.

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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

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