The unwanted RV resort that appeared destined to replace a boat storage yard on 7 acres of waterfront property in exclusive Coronado Cays is no more.Tuesday, the Board of Port Commissioners for the San Diego Unified Port District voted unanimously to approve a lease termination agreement with port t

A Chicago investment firm has bought a Vista apartment complex for $185 million in the second-largest deal of the year in the county.Mesirow Financial, a privately held financial services outfit, paid $451,220 per unit for the Preserve at Melrose Apartments — a deal real estate tracker CoStar said s

“How expensive?” tracks measurements of California’s totally unaffordable housing market.The pain: California’s home-repair inflation rate has more than doubled during the past five years.The source: My trusty spreadsheet reviewed the California slice of the Verisk Remodel Index. These insurance ind

San Diego’s 109-year-old Botanical Building, a popular landmark in the heart of Balboa Park, will reopen to the public Friday afternoon for the first time in nearly three years after being almost entirely reconstructed according to historic standards.The debut of the painstakingly restored park attr

San Diego County home sales picked up in October as mortgage rates dropped to their lowest level of the year.There were 2,372 home sales in October, a 19% jump from September, CoreLogic said. The median home price was $879,000, down $1,000 from the previous month but still up 7% in a year.September

San Diego Mayor Todd Gloria has abandoned his ambitious plan to offer the city’s downtown real estate for redevelopment as part of an effort to secure a new City Hall facility for government workers.The decision, announced Wednesday as part of package of potential emergency budget cuts, comes after

Which state economies are best at juggling the needs of bosses and workers alike?In recent months, my trusty spreadsheet produced a pair of state economic rankings. One took the view from the employer’s perspective. The other saw economics through the employee’s eye.Let’s politely say there were pas

New statewide laws could make home construction easier this year in San Diego, says the state’s biggest construction organization.California’s Building Industry Association says new legislation is likely to cut down on time, and delay or reduces costs. The new laws, signed last year by Gov. Gavin Ne

“How expensive?” tracks measurements of California’s totally unaffordable housing market.The pain: For all the talk of falling rents, landlords are upping their ask in eight of the state’s 11 largest cities.The source: My trusty spreadsheet reviewed November stats from Zumper on what landlords sough

San Diego city officials are scrambling to maintain ownership of Liberty Station in the face of a legal challenge from the national property management company that leases much of the sprawling former military base.The management company, Seligman Properties, contends the city must offer up the 20-y

Tenants still can expect to pay more for their apartments over the next two years, although rent hikes will be modest compared with double-digit percentage jumps during the pandemic, a recent forecast said.Rents are expected to rise $133 per month in San Diego County by mid-2026, and between $110 an

San Diego County’s home price gains continue to decline — a sharp contrast to the start of 2024 when the region led the nation in growth.The San Diego metropolitan area’s home price increased 4.7% annually in September, according to the S&P Case-Shiller Indices report released Tuesday. That’s a perc

Dramatic change would be required to fix California’s homebuying affordability mess.My trusty spreadsheet compared home-price increases with income growth for 10 large California metropolitan areas using housing indexes by ICE, a mortgage-tech firm, and pay stats from the US Bureau of Economic Analy

BJ Fazeli and his wife Wendy were floating down the Douro River in a tour boat in Portugal’s wine country on a warm summer evening in 2023.While sipping wine and gazing at terraced vineyards along the river, his wife of 45 years popped the question: “What is your exit plan for the winery?”His 67-yea

A year after the city appeared victorious, the battle over building heights in San Diego’s Midway District rages on in appellate court.In recent weeks, environmental group Save Our Access and the city of San Diego have sparred in opening briefs filed with California’s Fourth District Court of Appeal

California’s home insurance market needs urgent reforms to halt the exodus of insurers from California and to stem skyrocketing costs for coverage, a state watchdog said.For example, the state should allow insurance companies to use computer models and incorporate their own “re-insurance” costs in c

A newly built home on San Diego County’s most exclusive strip of land has an eye-popping price tag.A new beachfront mansion at 2920 Camino Del Mar was listed last week for $75 million. It is a few houses down from Bill Gates’ $43 million home, and a property purchased by private-equity billionaire E

A symbol of downtown San Diego’s faltering central business district, the 24-story office tower at 600 B St. has gone back to its lender after a monthslong foreclosure process.Late last month, Western Alliance Bank took back the building from former owner Rockwood Capital through a forced sale trigg

New lockers for San Diego’s homeless, a community-oriented neighborhood next to the Amazon warehouse in Tijuana and other ideas won awards at a design competition this week.Forty-eight proposals were submitted for a housing design challenge Tuesday at the World Design Policy conference in downtown S

There are more millionaires in San Diego, at least on paper, than you might think.In San Diego County, 35% of homes were valued at $1 million or more in 2023, said a new study from mortgage website LendingTree. That was up from 23% in 2022.The San Diego metro area now ranks fourth in the nation for