Vote on Midway Rising’s sports arena project expected early next year
San Diego’s negotiations with the Midway Rising development team selected to remake the city’s sports arena real estate in the Midway District are said to be progressing, but final consideration of a development deal will likely get pushed to early 2025.Monday, San Diego City Council members receive
Read MoreSan Diego has fastest rising home prices in the U.S. for 6 months
San Diego had the fastest rising home prices in the nation for a sixth month, but New York is nipping at its heels.The San Diego metropolitan area’s annual home price increased 10.3 percent annually in April, according to the S&P Case-Shiller Indices report released Tuesday. It was followed by New Y
Read MoreWhy can’t we speak at our HOA meeting?
Q: We have a dispute with our HOA board and tried to inform those present during open meeting time and were not allowed to speak. We were told this was not on the agenda and this is private. Is it not our right to disclose what we do not want kept private?— C.W., VistaQ: Last night I attended a boar
Read MoreHomeownership suffers in California, US as prices outstrip incomes
Growing the share of homeownership – in California or across the nation – remains a challenge with intensely unaffordable housing.Yes, California’s homeownership rate hit a 13-year high last year — if you ignore the data-challenged, pandemic-twisted 2020 result.My trusty spreadsheet reviewed annual
Read MoreDIY Modernism In Rancho Palos Verdes, $2.3M
There’s the DIY of assembling that Ikea bookcase, and then there’s the DIY of building an entire house. In both cases, it helps if you are an architect with an enthusiastic partner, both possessed of resourcefulness and skill, like Joe and Marie Michell, who built this of-the-moment Post and Beam in
Read MoreShould downtown’s brand new life science office building change strategy?
Things aren’t looking great for downtown’s 1.7 million-square-foot Research and Development District from San Diego-based life science real estate developer IQHQ.A Citi analyst, writing in a research note to the project’s publicly traded lender Bank OZK, believes the district is 0 percent leased and
Read MoreSan Diego rent is down, but maybe not in your area. Check our list
San Diego rents are down but a renter’s fortune depends heavily on where they are living in the county.The median monthly rent was $2,370 for a one-bedroom in the city of San Diego in May, said real estate website Zumper, down 1.3 percent in a year. That put America’s Finest City as the eighth most
Read MoreCalifornia home-price gains may ‘cool’ in next 12 months
Buzz: Home price appreciation is projected to slow in California and 35 other states in the next 12 months.Source: My trusty spreadsheet reviewed the April edition of CoreLogic’s state-by-state price indexes, which look 12 months ahead and 12 months back.Look aheadLet’s start with the forecast. If i
Read More14 things all HOA attorneys should know
One in a series of columns on boards, homeowners, managers, vendors and HOA lawyers.Being an HOA attorney is not simply a job. Being trusted to guide communities is an honor and a sacred obligation.Clients need answers, not just options. It is helpful to explain the benefits and drawbacks of the var
Read MoreClassic Modernist Luxury In Brentwood, $17M
A recently-completed collaboration between architect/developer David Maman and interior designer Leslie Close of Close Design, this home on Brentwood’s Arbutus Drive represents the best in “quiet luxury”—a term that’s overused but still evocative. Absolutely up to the moment in amenities, the proper
Read MoreSan Diego County home sales plummet to historic low
The cost of homebuying is so insane that San Diego County’s sales are running at the slowest pace in records dating back 37 years.My trusty spreadsheet looked at two-year periods of sales from CoreLogic stats stretching back to 1988 to measure how much the local housing market has chilled. Remember
Read More13 things HOA service providers should know
One in a series of columns on boards, homeowners, managers, vendors and HOA lawyers.The client is the HOA corporation, not the president or any individual director. Make sure you know whether the person instructing you or your staff is authorized to speak on behalf of the HOA.Your contract should st
Read MoreA Lovely Robert Byrd Cottage With Views, $3.5M
With a career spanning decades from the 1930s to the 1970s, Robert Byrd built some of L.A.’s most influential homes, working in a very characteristic style that combined a farmhouse aesthetic, heavily timbered and woodsy, with carpenter interior details and extravagant brickwork. Unlike the classic
Read MoreMira Mesa shopping center anchored by Home Depot sells for $99M
A Los Angeles-based real estate firm that has spent the past 15 years focused on residential projects is re-entering the retail sector with the purchase of what is said to be an extremely healthy shopping center in Mira Mesa.Thursday, Decron Properties announced that it purchased the 238,747-square-
Read MoreConstruction on $55M Mira Mesa Community Park project will start this summer
The long-awaited overhaul of Mira Mesa Community Park will begin this summer, promising to deliver in two years time an aquatic center, a skate park, a renovated recreation building and substantial infrastructure upgrades. Monday, San Diego City Council members unanimously OK’d a $43.3 million contr
Read MoreAre San Diego or Inland Empire the riskiest housing markets in Southern California?
Southern California home prices may seem insanely high, but two yardsticks of their underlying values suggest they’re not as crazy as elsewhere in the nation.Let’s be clear. These measurements don’t say local homes are affordable. Nor does this math conclude what buyers are paying is normal. Rather,
Read More17 things HOA managers should know
One in a series of columns on boards, homeowners, managers, vendors and HOA lawyers.Managers are the HOA’s most important service providers. HOAs don’t work well without competent and trustworthy managers.Managers are increasingly vital for the HOA housing model as it continues to grow. About 30 per
Read MoreOver The Top In Palm Springs, $7.69M
There’s a long tradition of Modernist extravagance in Palm Springs, dating back to the 1950s, of architectural minimalism overlaid with the inescapable influence of Hollywood Regency. In 2012, Sean Lockyer, AIA of Studio AR&D Architects created this extraordinary residence, one of his first desert p
Read MoreIs a new San Diego neighborhood group positive for the Uptown area?
The San Diego City Council voted last week to replace its existing neighborhood group in the Uptown area with a new group that describes itself as younger, more renter-focused and less resistant to development.It’s expected the move could ultimately pave the way for more high-rises and dense develop
Read MoreSan Diego home price hits another record high. Will it ever stop?
San Diego County’s median home price growth showed no signs of abating in April as another record was hit. The median price was $880,000, up from a revised record high of $860,000 the previous month, CoreLogic data revealed Thursday. The county’s median, which includes newly built homes, resale home
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