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Today on the Southern California Real Estate Report we talk about the new renter protection package San Diego is proposing.
The proposed law builds on the state’s Tenant Protection Act of 2019.
It will make it harder for landlords to remove tenants so they can make renovations.
Article referenced:
https://www.sandiegouniontribune.com/business/story/2023-04-18/san-diego-city-council-will-vote-on-new-renter-protections-here-are-the-proposed-changes
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Today on the Southern California Real Estate Report we take about stricter rent control laws that are likely coming to the California's ballot.
"Justice for Renters Act" would end Costa Hawkins and allow for counties to place rent control laws on all residential properties and stop landlords from being able to set their rents to market when a new renter moves in.
Article referenced:
https://www.costar.com/article/1257379244/organizers-collect-signatures-for-california-ballot-initiative-to-expand-rent-control
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Fehlende Folgen?
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Today on the Sothern California Real Estate Report we talk about the new housing and student center being developed by UC San Diego called the Triton Center.
The growing school will spend $1.1 Billion on the project.
It will include a 2,400 bed housing project.
Article referenced:
https://www.sandiegouniontribune.com/news/education/story/2023-03-21/ucsd-approval-student-center-housing-complex
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Today on the Southern California Real Estate Report we give you the most important information on the new law in Chula Vista that is designed to shield renters from evections.
The new laws tighten on existing no-fault eviction laws already in place by the State of California.
Article Referenced
https://www.sandiegouniontribune.com/communities/south-county/story/2023-02-28/chula-vistas-new-tenant-protections-law-takes-effect
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Today on the Southern California Real Estate Report we talk about a vacation rental development in the Coronado Cays.
The project is getting a lot of scrutiny from locals who do not want such a project and think the land should be used as a park.
The San Diego Port commissioners wants to build affordable vacation rentals that will bring life back to the land.
Article Referenced:
https://www.sandiegouniontribune.com/business/story/2023-02-15/proposed-rv-park-in-coronado-cays-draws-strong-opposition
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Today on the Southern California Real Estate Report we talk about a development that has been halted because of wild fire concerns.
The Rancho Penasquitos development known as Junipers was a 536 unit project.
A judge by the name of Ronald Frazier ruled that the project did not take into consideration the affects of traffic, noise and wildfire threats.
Article referenced for this podcast:
https://www.sandiegouniontribune.com/news/politics/story/2023-02-07/junipers-rancho-penasquitos-impact-review-ruling
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Today on the Southern California Real Estate Report we give you a rundown on the potential new office spaces SANDAG is considering for new office space.
The space will be for between 350-375 people.
They have been in their current space for 34 years.
The options include the new Horton Plaza campus.
Referenced article:
https://www.sandiegouniontribune.com/business/list/sandag-is-shopping-for-substantial-office-space-in-downtown-san-diego
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Today on the Southern California Real Estate Report we talk about how the properties Income Property Advisors, Inc. manages got through the last winter storms with only mirror issues.
We talk about preventative maintenance and what to look for at your property to prevent major issues.
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Today on the Southern California Real Estate Report we take a look at the Del Mar Fair Grounds.
The iconic property is home most famously to the San Diego County Fair and the Del Mar Race Track.
But is the property being used to its greatest value? The firm London Moeder plans to find out.
The state approved contract will cost $282,000 and will take a year, with the goal to find out what the best use of that land will be in the future.
Article referenced:
https://www.sandiegouniontribune.com/business/story/2023-01-10/del-mar-fairgrounds
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Today on the Southern California Real Estate Report we talk about some updates to the rules regarding accessory dwelling units and transit areas.
The City of San Diego has proposing updating its transit proximity rules to allow for transit oriented housing to be up to a mile away from transit.
The new rules also allows for more ADUs to be built in residential neighborhoods.
To learn more listen in!
Article referenced:
https://www.lajollalight.com/news/story/2023-01-05/san-diego-could-ok-many-more-high-rise-homes-and-backyard-apartments-under-new-city-housing-proposal
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Today on the Southern California Real Estate Report we give an end of year report on where housing prices have landed.
Home prices are falling but that might be a good thing because a changing market means opportunity.
Interest rates are also gaining at a slower pace.
See referenced article below:
https://www.sandiegouniontribune.com/business/story/2022-12-28/san-diego-home-price-drops-for-the-6th-month-sales-nose-dive
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Today on the Southern California Real Estate Report we give an update on the Sports Arena.
Voters approved height-limit removal, which will hopefully give way to the redevelopment of the Sports Arena.
But the Midway project still faces challenges ahead, especially with environmental groups.
The project is led by Zephyr, Chelsea Investment Corp. and Legends.
Article referenced:
https://www.costar.com/article/1927322619/san-diego-voters-approve-height-limit-removal-allowing-for-redevelopment-of-aging-arena
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Today on the Southern California Real Estate Report we talk about the newest plan for Mira Mesa.
Mira Mesa will undergo a lot of change in the future if all goes to plan.
The idea is that the neighborhood becomes a more densely populated, richer community with more community resources, like grocery stores and shops.
To learn more see below:
https://sdtoday.6amcity.com/mira-mesa-redevelopment-plan
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Today on the Southern California Real Estate Report we talk about how San Diego home prices are dipping and it shows a softening of the market.
Lack of consumer confidence and high interest rates are among the biggest culprits.
But the number of homes for sale in San Diego is decreasing, which is putting the market at a standstill.
Homeowners have little incentive to sell if they have locked in a low mortgage rate.
Referenced article below:
https://www.sandiegouniontribune.com/business/story/2022-11-29/san-diego-home-price
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Today on the Southern California Real Estate Report we talk about the NAVWAR property.
The Navy wants to lease out the NAVWAR property on a 99-year ground lease.
The Navy is looking for a replacement property that is "in kind" to move its operations to.
The property offers significate opportunity for redevelopment and could end up being a major housing community in the future.
Navy puts 70-acre NAVWAR property in San Diego’s Midway District on the market (pacificcoastcommercial.com)
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Today on the Southern California Real Estate Report we talk about what is happening to ibuyer programs.
Redfin is laying off staff and unloading Real Estate bought by their ibuyer program.
Real Estate and tech has always been hard to mix because Real Estate knowledge and evaluation takes a lot of market knowledge and understanding of trends.
TO learn more follow the link below:
https://www.geekwire.com/2022/redfin-to-cut-13-of-workforce-and-shut-down-home-flipping-business-redfinnow/
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Today on the Southern California Real Estate Report we talk about the plan to renovate Seaport Village.
The next step to get this project off the ground is an environmental review which could take a few years.
The project, 1HWY1, has undergone many iterations over the years but support to push the project forward is a good sign for things to come.
The hope is the redevelopment of Seaport Village will bring more life into the area. New hotels are being proposed, as well as open space, docks and piers, an observation deck, aquarium, and office and retail space.
To find out more follow the link below:
https://www.sandiegouniontribune.com/business/story/2022-11-08/3-6b-plan-to-overhaul-seaport-village-surrounding-waterfront-clears-major-hurdle
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Today on the Southern California Real Estate Report we talk about the newest hotel project proposed in Seaport Village.
Doug Manchester wants to leave a legacy and what a better legacy to leave than a 36-story, 1,150-room hotel.
The hotel is planned to be a luxury hotel and the Manchester Group plans to distinguish itself from other hotels because it will have an additional 100,000 square feet of meeting and event space.
However financing is an issue and it will be a costly project to finance.
See referenced article below:
https://www.sandiegouniontribune.com/business/story/2022-10-31/manchester-debuts-plans-for-36-story-bay-view-hotel-on-pacific-gateway-site
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Today on the Southern California Real Estate Report we talk about the developer chosen by SDSU to build the apartments on its Mission Valley campus.
The developer is AvalonBay.
AvalonBay is a well known developer of Multifamily properties throughout the country.
They will build 600 units and 30,00 square feel of retail.
This project is just one of many projects that will make up the new Mission Valley campus, which includes the new stadium called Snapdragon Stadium.
Article referenced for this podcast:
https://www.sandiegouniontribune.com/business/story/2022-10-25/sdsu-selects-developer-to-build-600-market-rate-apartments-at-mission-valley-campus
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Today on the Southern California Real Estate Report we talk about the bluff site above Del Mar dog beach.
The site was originally planned to be a hotel but is now being proposed to be a 259 unit apartment complex.
The project is called Seaside Ridge and will offer a significate amount of low income and middle income housing.
To learn more click on the article below:
https://www.sandiegouniontribune.com/business/story/2022-10-18/proposed-del-mar-development-would-bring-259-new-apartments
