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The Current

  • Unpaid bills, a dead deal and a looming due date. It’s crunch time for the Campus at Horton

    Unpaid bills, a dead deal and a looming due date. It’s crunch time for the Campus at Horton,Jennifer Van Grove

    Filled with theoretical promise, the mostly finished Campus at Horton is a hollow shell of what should be, by now, an employment hub and public attraction demonstrating downtown San Diego’s greatest strengths.More than six years after buying the iconic real estate, developer Stockdale Capital Partne

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  • Fight over Harmony Grove housing project renews fire concerns. ‘We don’t want to die in here.’

    Fight over Harmony Grove housing project renews fire concerns. ‘We don’t want to die in here.’,Teri Figueroa

    The images of the fires in Los Angeles stopped some Harmony Grove residents cold.Debbie O’Neill knows the stress of evacuating as fire bears down. A decade ago, she and her husband fled after they saw the flames from the Cocos fire crest a nearby hill and hurtle down toward their Harmony Grove home.

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  • Wednesday is the last day for January 2024 flood victims to apply for property tax relief

    Wednesday is the last day for January 2024 flood victims to apply for property tax relief,Emily Alvarenga

    As the one-year anniversary of historic San Diego flooding nears, the county Assessor’s Office is reminding property owners affected by it to file for property tax relief ahead of the upcoming deadline on Wednesday.Flood victims who had at least $10,000 in damage to their home or commercial property

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  • San Diego’s biggest home sales in 2024 were in La Jolla

    San Diego’s biggest home sales in 2024 were in La Jolla,Phillip Molnar

    La Jolla was a jewel in the luxury buyer’s eye in 2024.Two La Jolla sales — both for $35 million — were tied for the biggest home sales of the year. Other than those sales, it was a slower year for luxury housing, which mirrored a down sales year for the whole market. The region’s biggest-ever home

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  • ‘It only takes one.’ Flush with cash, IQHQ bullish on life science hub on San Diego Bay

    ‘It only takes one.’ Flush with cash, IQHQ bullish on life science hub on San Diego Bay,Jennifer Van Grove

    Quiet for much of last year, particularly amid speculation about the prospects of its mega projects, San Diego-based life science real estate developer IQHQ appears to be taking a different tack in 2025.The firm announced last week that it raised $900 million in capital in 2024 from existing equity

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  • Will Los Angeles wildfires dent California incomes, No. 1 in US?

    Will Los Angeles wildfires dent California incomes, No. 1 in US?,Jonathan Lansner

    How will the California economy handle the Los Angeles wildfires’ early repair estimates running between $50 billion to $150 billion?Well, much of those rebuilding funds will be from insurance. Other payments will be covered by various governments and their assistance programs. There will be charity

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  • Irvine Company sells 2 downtown San Diego office towers

    Irvine Company sells 2 downtown San Diego office towers,Jennifer Van Grove

    Southern California real estate giant Irvine Company has sold two of its downtown San Diego office towers for a fraction of what it paid for the buildings 20 years ago.In late 2024, the privately held, Orange County-based real estate company found separate buyers for the 40- and 50-year-old building

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  • Where did California rents fall the most last year?

    Where did California rents fall the most last year?,Jonathan Lansner

    ApartmentList’s December rent highlights for 100 US metros.“How expensive?” tracks measurements of California’s totally unaffordable housing market.The pain: Despite some hopes that 2024 might be a tenant’s market, barely half of California markets surveyed by one study had falling rents.The source:

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  • US Justice Department accuses six major landlords of scheming to keep rents high

    US Justice Department accuses six major landlords of scheming to keep rents high,Associated Press

    By JESSE BEDAYNDENVER (AP) — The U.S. Justice Department is suing several landlords for allegedly coordinating to keep Americans’ rents high by using both an algorithm to help set rents and privately sharing sensitive information with their own competitors to boost profits.Related Articles

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  • Thousands are on the waiting list for this Encinitas community. Only 40 homes remain

    Thousands are on the waiting list for this Encinitas community. Only 40 homes remain,Phillip Molnar

    Encinitas had such a restrictive anti-housing law six years ago that the state threatened legal action.Things have changed, slowly, with new denser housing developments approved, and demand might be highest for the agriculture-themed Fox Point Farms. There are around 2,500 people on an interest list

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  • How consent calendars streamline your HOA meetings

    How consent calendars streamline your HOA meetings,Kelly G. Richardson

    Does your HOA board use a consent calendar as part of its regular meeting procedure? If not, your board is missing a chance to preserve meeting time and energy for agenda items requiring discussion.Board meetings lasting beyond two hours in length will tax the concentration of both directors and aud

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  • Dramatic Brown Field overhaul, decades in the making, gets a shakeup and a longer timeline

    Dramatic Brown Field overhaul, decades in the making, gets a shakeup and a longer timeline,David Garrick

    San Diego is trying to keep a dramatic upgrade of Otay Mesa’s Brown Field on track by allowing the developer to shuffle which projects will be built first and by extending some development deadlines.City officials said the developer deserves the concessions partly because it took the city more than

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  • Carter’s presidency was No. 1 for California home-price gains

    Carter’s presidency was No. 1 for California home-price gains,Jonathan Lansner

    Jimmy Carter’s economic legacy is cloudy, at best.The former president’s death on Dec. 29 put the performance of the business climate during his White House days between 1977 and 1980 under the microscope again.I’ll let others debate his economic policies, such as a losing battle with inflation and

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  • First-time homebuyers ‘struggle to find opportunities.’ San Diego home price gains rank No. 7 in U.S.

    First-time homebuyers ‘struggle to find opportunities.’ San Diego home price gains rank No. 7 in U.S.,Phillip Molnar

    San Diego home price gains have slowed compared to remarkable highs over the past few years.In October, the San Diego metropolitan area’s home price increased 4.5% annually, said the S&P Case-Shiller Indices report released Tuesday. The highest gains in the 20-city index were in the New York metro a

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  • In the fight over Liberty Station’s future, San Diego seeks appraisals — not to sell it, but to avoid selling

    In the fight over Liberty Station’s future, San Diego seeks appraisals — not to sell it, but to avoid selling,David Garrick

    San Diego’s efforts to win an ongoing legal battle for control of Liberty Station will soon include getting appraisals for 54 separate properties within the sprawling former military base.Appraisals are often a precursor to selling a property, but city officials are actually trying to accomplish jus

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  • California has 15 of 25 priciest places to live in US

    California has 15 of 25 priciest places to live in US,Jonathan Lansner

    “How expensive?” tracks measurements of California’s totally unaffordable housing market.The pain: California is home to 15 of the nation’s 25 costliest metropolitan areas.The source: My trusty spreadsheet reviewed the annual “price parity” report from the US Bureau of Economic Analysis, which gives

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  • San Diego County will sell off more than 700 properties for past taxes

    San Diego County will sell off more than 700 properties for past taxes,Jeff McDonald

    More than 700 properties are due to be sold to the highest bidder at an online auction early next year due to their owners’ failure to pay millions of dollars in taxes to San Diego County.It is the county’s biggest sale of so-called tax-defaulted properties in seven years.The Board of Supervisors ea

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  • California No. 1 for crazy, pretentious residents, poll says

    California No. 1 for crazy, pretentious residents, poll says,Jonathan Lansner

    ”Survey says” looks at various rankings and scorecards judging geographic locations while noting these grades are best seen as a mix of artful interpretation and data.Buzz: It could be a poor gift-getting year for California’s crazy and pretentious population, if the “naughty or nice” fable aligns w

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  • Manchester/Edgemoor project for 70-acre NAVWAR property takes shape

    Manchester/Edgemoor project for 70-acre NAVWAR property takes shape,Jennifer Van Grove

    Nearly a year after its selection, the development team working alongside the United States Navy to remake the Naval Base Point Loma Old Town Campus is sketching in the details of a master plan that currently calls for replacement Navy facilities, thousands of residential units, millions of square f

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  • Is California living worth the costs and taxes?

    Is California living worth the costs and taxes?,Jonathan Lansner

    California’s seemingly lofty paychecks look relatively run-of-the-mill when considering the state’s costly lifestyle and tax burdens.The annual “price parity” report from the US Bureau of Economic Analysis gives us a snapshot of relative differences among the 50 states in costs and incomes. My trust

    Read More
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