Judge sides with city, Padres development team on one claim against Tailgate Park deal

San Diego secured a partial victory in the courtroom battle contesting the city’s pending sale of an East Village parking lot known as Tailgate Park to a development team led by the San Diego Padres.Last week, San Diego Superior Court Judge Katherine Bacal ruled against nonprofit Project for Open Go
Read MoreWhere in Southern California did it get easier to buy a home?

Here is a sliver of good news for Southern California house hunters: The typical income required to buy a home dipped modestly in four of the six local counties last year.My trusty spreadsheet reviewed California Association of Realtors affordability stats, comparing fourth-quarter figures with year
Read MoreNew San Diego apartment complex charges more than $4K for a two-bedroom

Rents at San Diego’s newest luxury apartment building, Folia, rival a mortgage payment.The 342-unit Folia complex at 12520 Camino Del Sur opens this month and already is one of the most expensive apartment buildings in San Diego County. It is located on the edge of Carmel Valley, northeast of Sorre
Read MoreHouse hunters say ‘No!” as buying pace hits 41-year low

What will it take to get house hunters in a buying mood again?My trusty spreadsheet examined a host of federal and industry real estate and economic stats from the past 50 years to help explain the incredibly low number of homes bought nationwide.Consider that in 2023-24, Americans bought 9.5 millio
Read MoreCampus at Horton in foreclosure

The lender behind developer Stockdale Capital Partners’ Campus at Horton conversion project in the heart of downtown San Diego has started the foreclosure process to recoup $351.2 million in unpaid debt.On Feb. 6, Beacon Default Management, Inc., acting as trustee for Luxembourg-based investment com
Read MoreAround 4,000 new apartments are opening in San Diego County this year — but they aren’t cheap

Not even a rent slowdown can stop San Diego’s apartment building boom.Around 4,000 new apartments are set to open in 2025, coming near or matching totals in the past few years, which were also big for multifamily building. Unlike past eras of construction, the growth isn’t limited to one area — proj
Read MoreCosta Verde Center near UTC sold for $124M

The shuttered Costa Verde Center, which takes up 13.9 acres just opposite Westfield UTC in University City, has a new owner with a different vision for the former strip mall that likely features housing as a primary use.On Jan. 31, a newly registered limited liability company affiliated with real es
Read MoreLA wildfire rebuilding faces construction worker shortage

Southern California’s construction workforce was at 98% of its peak staffing in December – a high level of employment that suggests rebuilding from wildfire damage faces a skills gap.Construction bosses employed 479,900 workers in December in Los Angeles, Orange, Riverside, San Bernardino, San Diego
Read MoreShea Homes buys office park and 23 acres of undeveloped land in Scripps Ranch

One of the nation’s top homebuilders is considering building a multi-family housing project on at least a portion of recently acquired industrial land in Scripps Ranch just east of the neighborhood high school.On Dec. 20, Scripps Ranch Community Partners LLC, a newly created entity linked to Shea Ho
Read MoreDowntown San Diego’s biggest apartment building sells for $309M

Downtown San Diego’s largest apartment complex has sold for $309 million.The 718-unit Park 12 complex, which completed construction in 2019, is next to Petco Park and gets a showcase every San Diego Padres home game as it towers over the eastern half of the ballpark.Park 12’s sale is the second-larg
Read MoreTorrey Pines research campus trades hands for $159M

A 6-year-old life science real estate developer has boosted its San Diego portfolio with the recent purchase of a renovated three-building research campus in the most esteemed corner of San Diego’s science sector.Los Angeles-based Breakthrough Properties purchased the 186,000-square-foot Muse facili
Read MoreSorrento Mesa office property slated to be redeveloped with hundreds of apartments

A multi-family housing developer has purchased an empty office building in one of San Diego’s key employment hubs with the expressed intent of creating hundreds of apartments in an area where there are none currently.In late December, Dallas-based JPI bought the 3.65-acre site at 9444 Waples St. in
Read MoreAiming to avert another 101 Ash, San Diego City Council OKs stricter real estate policies

In an effort to avoid lopsided real estate deals like the one for 101 Ash St. that has cost taxpayers hundreds of millions for a building that still cannot be safely occupied, the City Council on Monday revised the way San Diego will approve future property leases and acquisitions.Council members un
Read MoreSan Diego is falling behind other cities in home price gains

San Diego has fallen from its perch as one of the fastest rising home markets.In November, the San Diego metropolitan area’s home price increased 4.45% 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 area, at 7.32
Read MoreThis is the top city for renters to watch in 2025 amid Midwest-West battle for popularity

By Adina Dragos, StackerSean Pavone // ShutterstockFor many, 2024 has been a year of transformations—driven by shifting job markets, lifestyle changes, and emerging trends in urban development. As these changes unfold, 2025 is poised to be an exciting year for rental activity. But, which urban areas
Read MoreWhere Southern California house rents rose the fastest last year

Southern California’s unaffordable homebuying market is helping to push up the cost of renting one.My trusty spreadsheet reviewed a year-end rent report from property-manager consultants Rentometer, which tracks three-bedroom houses in 857 cities nationwide, including 84 in Southern California. Thes
Read MoreTips before starting major reconstruction or repairs at your HOA

Homeowners and HOAs periodically face major construction contracts for renovation or repairs, particularly after a disaster. Here are some tips to help homeowners and HOAs needing a contractor.What’s the job? Contractors are often asked to prepare the necessary “scope of work,” describing the work n
Read MoreSan Diego selects team to convert 101 Ash St. into low-income housing

A development team led by two women, including one local land-use official, bested a decades-old affordable housing firm in the behind-the-scenes real estate competition to convert San Diego’s 101 Ash St. office tower into hundreds of subsidized apartments.On Monday, San Diego City Councilmembers vo
Read MoreDetails emerge about dueling bids for 101 Ash St. ahead of potential decision

Two development teams are angling to convert San Diego’s 101 Ash St. office tower into subsidized residential units and share similar visions for the asbestos-ridden building.Monday, city of San Diego real estate negotiators will present the dueling proposals — from a team led by Affirmed Housing an
Read MoreSan Diego added 1,200 jobs in December. These were the top industries

Retail hiring surged in December and brought down San Diego County’s jobless rate to one of its lowest points of the year.The region’s unemployment rate was 4.3% to end the year and overall it added 1,200 jobs, state labor officials said Friday. That rate was the third lowest in 2024, behind 3.7% in
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