LAW: Bigger Landlords Ready; Data Come Up in Sales, Leases
Ready or not, California owners of commercial buildings larger than 50,000 square feet will need to begin complying this year with a state law requiring the disclosure of properties’ historical energy usage data to prospective buyers, renters and lenders.
TRAVEL: Planned Center Would Cut Emissions, Congestion
By early 2016, San Diego International Airport will join the growing throng of major U.S. airports turning their rental car operations into a centralized, one-stop hub for busy travelers.
RETAIL: Westfield Continues Its Local and Global Upgrades
Westfield Group will soon embark on a renovation of its Carlsbad property that is expected to top $100 million, marking the mall operator’s fifth big local makeover in as many years.
Real Estate Column
A couple of San Diego buildings with long historical ties to the downtown area were recently the target of some high-profile transactions. One of those was the property that currently houses the Courtyard by Marriott San Diego Downtown hotel at 530 Broadway, off Sixth Avenue.
PROPERTY: Report Expects Newly Insured to Drive Need for Facilities
Economic uncertainties and questions about the impact of upcoming federal health care reforms have prompted medical practices to delay real estate decisions during the past few years. But experts say the local climate could see some shifts as key elements of the Affordable Care Act take effect in 2014.
REAL ESTATE: Choices Abound for Class B and C, Class A Remains Scarce
San Diego County’s real estate recovery is being felt in different ways, depending on the neighborhood. Here’s how local commercial brokers view trends in some prominent local office submarkets.
RETAIL: Sony Deploys Variety of Store Formats As Retail World Changes
At places like Fashion Valley mall, locally based Sony Electronics has recently been busy adjusting to a world in which consumers not only are changing up the way they interact with their gadgets — increasingly outside the home, and in the palm of their hand — but also how they buy them.
Real Estate Column
The Hilton San Diego Bayfront hotel recently completed extensive outdoor renovations, aimed at better capitalizing on the downtown property’s waterfront location.
DEVELOPMENT: Creative Mix of Residential, Offices, Retail, Restaurants, High-Tech
A development team that includes locally based Lankford & Associates Inc. has unveiled plans for an East Village mixed-use project that its proponents hope will become downtown San Diego’s next “urban quarter” over the next decade.
PROPERTY: Commercial Comeback Is Uneven as Sector Charts New Course
The commercial real estate recovery is progressing steadily in San Diego County so far in 2013, but local experts are still curbing their expectations as to when things might switch into a higher gear.