Sony Electronics sells Rancho Bernardo headquarters for $67.4M

A big-money investor has reentered the San Diego market with the purchase of a brand-name technology campus. Tuesday, Sony Electronics Inc. sold its San Diego campus at 16535 Via Esprillo in Rancho Bernardo for $67.4 million to an entity affiliated with Irvine-based real estate investment and manage
Read MoreAverage US long-term mortgage rate rises to 6.26%, the third straight increase

By ALEX VEIGA, AP Business Writer The average rate on a 30-year U.S. mortgage edged higher for the third week in a row, though it remains close to its low point this year. Related Articles Opposition forms against Waymo’s robotaxis in San Diego French brasserie Bonne Vie opens at downtown’s Westgate
Read MoreUS homes sales rose in October as homebuyers seized on declining mortgage rates

By ALEX VEIGA, AP Business Writer Sales of previously occupied U.S. homes increased last month to the fastest pace since February as lower mortgage rates helped pull more homebuyers into the market. Related Articles Cracker Barrel shareholders vote to keep CEO despite logo debacle A drying-up Rio Gr
Read MoreHome values drop in three-quarters of Southern California

A dash of good news for Southern California house hunters: estimated values of three-quarters of local homes have fallen in the past year. My trusty spreadsheet reviewed a Zillow report examining home values in 50 large metropolitan areas – including three in Southern California – and how pricing ha
Read MoreCarvana targets new car buyers with purchase of San Diego dealership

Carvana, the nation’s second largest used car retailer, is expanding beyond its profitable online sales business and its novel vending machines with the purchase of a new car dealership in San Diego. On Wednesday, the Tempe, Ariz.-based company acquired the San Diego Chrysler Dodge Jeep Ram dealersh
Read MoreTeen’s Viral Instagram Account Explores the City’s Rarest Wildlife

The city lights of San Diego fade as Gannon “Chris” Cruz Stephen ventures into Mission Trails on the hunt for hidden inhabitants. The paths empty, night awakens, and somewhere in the dark, creatures stir. The 19-year-old biology student’s flashlight beam cuts through the brush. “Searching for rare s
Read MoreLa Jolla Artist Turns Nature Into Tactile Artworks

If you see someone in La Jolla wandering the beach with a crinkled brown paper bag and laser focus on fallen seedpods, don’t be alarmed—it’s probably Erika Givens, and she’s not lost; she’s collecting. Moss, driftwood, mysterious pods that look like they belong in a sci-fi movie… nothing is off-limi
Read MoreUCSD’s Stuart Collection Launches Arts-in-Residence Program

Established in 1981, the Stuart Collection at UC San Diego consists of 22 permanent art installations by some of the world’s most influential modern artists. Renowned for its assortment of art, the collection is famous for pieces such as Do Ho Suh’s iconic Fallen Star and Tim Hawkinson’s Bear sculpt
Read MoreUCSD’s Stuart Collection Launches Artist-in-Residence Program

Established in 1981, the Stuart Collection at UC San Diego consists of 22 permanent art installations by some of the world’s most influential modern artists. Renowned for its assortment of art, the collection is famous for pieces such as Do Ho Suh’s iconic Fallen Star and Tim Hawkinson’s Bear sculpt
Read MoreWhy San Diegans aren’t jumping to buy homes, even with lower mortgage rates

The high cost of a San Diego home, even with lower mortgage rates, has scared off many potential buyers and slowed the market to a level not seen in years. San Diego County’s median home price fell to $875,000, down 1.7% from the previous month, according to figures released Tuesday by Attom Data So
Read MoreSan Diego luxury housing picks up, while the traditional market stalls

San Diego home sales are near 40-year lows, but one segment of the market has seen a gold-plated surge. Affluent buyers in San Diego County have snapped up luxury properties — at record prices — at the quickest pace in more than three years. A Del Mar beach home smashed local records when it sold fo
Read MoreIt’s official: San Diego will fight court ruling on Midway District height limit

San Diego will ask the state’s highest court to keep intact a 2022 ballot measure, recently deemed illegal, that sought to eliminate the 30-foot height limit from the Midway District. Monday, San Diego City Council members voted 6 to 2 in closed session to authorize a petition for review to the Supr
Read MoreCheaper California house prices are a holiday shopping bargain

As the year winds down to its festive end, homebuying – and prices – are typically in decline. My trusty spreadsheet took a peek at a curious report on seasonal homebuying patterns from Attom, which tracked monthly pricing and sales for houses and condos between 2015 and 2024 for 49 states and the D
Read More4th and B site, next to downtown San Diego’s crumbling California Theatre, is for sale

The owner of the vacant property at the corner of Fourth Avenue and B Street in downtown San Diego — a neighbor to the infamous, decaying California Theatre — has decided to sell the partial-block site instead of building a hotel-and-office, skinny tower as planned. Last week, Tokyo-based housing de
Read MoreHomebuilders bet on 1% mortgage rates to wake up US buyers

By Prashant Gopal, Bloomberg News With the average mortgage rate near 6%, U.S. homebuyers are looking at the most affordable monthly payments in a year. But San Antonio real estate agent Tavyn Weyman knows how to get them lower — much lower. Related Articles San Diego Building Industry Association n
Read MoreSan Diego Building Industry Association names longtime Faulconer aide as new CEO

The local building industry has appointed Aimee Faucett, who served as chief of staff for former San Diego Mayor Kevin Faulconer, as its chief executive. Building Industry Association heads are typically one of the main advocates for more home construction in San Diego County, showing up frequently
Read MoreAverage US long-term mortgage rate rises again, inching up to 6.24%

By ALEX VEIGA, AP Business Writer The average rate on a 30-year U.S. mortgage edged higher for the second week in a row, though it remains near its low point so far this year. Related Articles Homebuilders bet on 1% mortgage rates to wake up US buyers San Diego Building Industry Association names lo
Read MoreSan Diego-Based Leadership Coach Takes on Self-Talk in New Book

Ryan Berman describes himself as a “fear fighter.” The author, speaker, podcaster, and founder of the San Diego-based Courageous consultancy works to infuse courage into the DNA of companies across the country by identifying and combatting the fears that hold them back. Berman’s best-selling book R
Read MoreWould Trump’s 50-year mortgage have extremely high rates?

President Donald Trump’s proposal to offer 50-year mortgages to homebuyers has been met with extensive skepticism from real estate insiders. A key criticism of offering house hunters a longer-term borrowing option is that it would not save borrowers a significant amount of money in the short term an
Read More17 Things to Do in San Diego This Weekend: November 12–16

It’s beginning to look a lot like Christmas in San Diego. Winter Wonder at Belmont Park, SeaWorld’s Coastal Christmas, and Lightscape at San Diego Botanic Garden are all wonderful ways to get in the holiday spirit. Meanwhile, wine aficionados can get their fill at Uncorked: Derby Days at Del Mar Tho
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