Amenity-heavy $74M University Heights apartment complex opens
University Height’s new luxury apartment complex, The Nash, is at the crossroads of three popular neighborhoods and is the first attempt at a San Diego project from a Chicago developer. The Nash has 190 apartments, with an average rent around $2,900 a month, and opened last week. There are many amen
Read MoreIs it our HOA manager or is it us?
Many associations struggle with a poor manager relationship, resulting in frustration for both sides. However, such struggles are sometimes created by the board and not the manager. Therefore, these can be resolved by a change in board practices.Truly, some managers are simply not cut out for the jo
Read MoreAre higher mortgage rates enough to slow San Diego home price growth?
Mortgage rates hit their highest point this year, 7.52 percent for a 30-year, fixed rate loan, this week.San Diego home prices have continued to increase and went up the fastest in the nation in December and January, said the S&P Case-Shiller Indices.Some experts have said the limited number of home
Read MoreBiggest ever La Jolla home sale: $35 million for Doug Manchester property
A property formerly owned by hotel developer Doug Manchester sold for $35 million this week — making it La Jolla’s biggest-ever sale. The more than 30-acre property at 7007 Country Club Drive beats the previous biggest La Jolla sale by more than $10 million. The purchasers of the property were an i
Read MoreCounty will also evaluate subsidy for Midway Rising’s sports arena project
San Diego County will consider subsidizing the Midway Rising project in order to make possible the construction of thousands of rent-restricted apartments on the city’s sports arena site in the Midway District.Wednesday, the San Diego County Board of Supervisors voted unanimously to study the prospe
Read More‘Home prices continue to defy expectations’: San Diego leads U.S. in gains for 3rd month
San Diego had the fastest rising home prices in the nation for a third month. The San Diego metropolitan area’s annual home price increased 11.4 percent annually in February, according to the S&P Case-Shiller Indices report released Tuesday. It was followed by Chicago and Detroit, both up by 8.9 per
Read MoreWhat does each HOA officer – president, vice president, secretary, treasurer – do?
Q. I am a sitting board member for our HOA and we are coming up next week with our annual board election and a possible change of president (which is badly needed). As of right now, we have only three board members present out of five due to one moving away and another just resigned.Our sitting pres
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San Diego County’s median home price hit a record high of $865,000 — despite rising mortgage rates. The median price was up 9.5 percent in a year in March, said CoreLogic data released Monday and up from the previous peak of $850,000 in November. San Diego County was part of a trend of rising home
Read More 8 California real estate battles worth watching
It’s playoff season for basketball and hockey with sports fans glued to the big matchups.But that kind of emotion and energy isn’t just limited to athletic contests. For example, there are plenty of big real estate battles brewing across California this spring.Now, the property game rarely has clear
Read MoreA Masterpiece On Beethoven Street, $2.7M
In the Westside’s Mar Vista neighborhood, the Mexico City based architect Pablo Pérez Palacios of Pérez Palacios Arquitectos Asociados has designed a serene, yet visually challenging, new home unlike anything seen in Los Angeles. Finished in concrete and paying homage to great minimalists like Luis
Read MoreIt’s official: San Diego’s sports arena is historic
San Diego International Sports Arena, the imposing concrete venue in the Midway District and the longtime home of the San Diego Gulls, is worthy of special recognition ahead of its expected demolition.On Thursday, San Diego’s Historical Resources Board voted unanimously, with Chair Tim Hutter recuse
Read MoreSan Diego AI startup and Atlas Van Lines team up to make moving less painful
Moving can be such a pain. A San Diego AI startup company just announced a deal with a major moving company to help make the process easier.The startup, Yembo, uses AI to analyze videos of people’s homes before they hire a mover. Moving companies then use the information gathered by Yembo to produce
Read MoreBig price tag: Construction starts on $98M affordable housing complex in City Heights
Construction started Wednesday on one of San Diego’s most expensive subsidized housing developments in its history. The $98 million Cuatro development in City Heights, taking up four buildings, will have rent-restricted units for extremely low-income residents earning 30 percent to 60 percent of are
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On the same day investor Douglas Hamm paid more than $13 million for the abandoned warehouse that San Diego Mayor Todd Gloria wants to lease for 35 years, Hamm borrowed more than $17 million from a private lender in El Segundo.According to county property records, companies owned by Hamm took out a
Read More Understanding HOA election rules and candidate statements
Q: Our HOA ballot package for the board election included three candidate statements that endorsed themselves as a slate, one of whom also criticized their opponent. In the past, candidate statements included bios, qualifications, and what they had done or will do, but did not mention opponents or e
Read MoreSan Diego’s 58-year-old sports arena is historically significant. Can it still be demolished?
Built in 1966, the San Diego International Sports Arena slated to be razed in a proposed redevelopment plan is historically significant for its contribution to the region’s economic growth after World War II, its association with a big name in the local sports industry and its New Formalism architec
Read MoreWestfield UTC is expanding with a new wing of luxury shops and destination restaurants
Unibail-Rodamco-Westfield has started construction on an all-new wing of luxury shops and destination eateries designed to further elevate the status of its flagship Westfield UTC property in University City.Thursday, the French firm announced the expansion project, which will introduce 50,000 squar
Read MoreHOA Homefront: Ins and outs of electing HOA directors by ‘acclamation’
Q: I came across an article in which you answered a question about election by acclamation. There is a lot of information on the internet about acclamation, but one item does not seem to be answered. Perhaps you can assist. Once a board determines/votes to elect candidates by acclamation at an open
Read MoreHomebuying revival? What Southern California’s one month of record sales, price jumps means
Has Southern California’s housing market awoken from its lengthy slumber?My trusty spreadsheet, peeking at February’s CoreLogic sales stats — the most recent available — found these record-setting nuggets …Sales: The 12,430 transactions completed in the six-county region — involving existing and ne
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San Diego has formally cut ties with the real estate developer proposing to convert the empty office tower at 101 Ash St. into a residential building.Thursday, the city informed developer Reven Capital in a letter delivered via email of its decision to end negotiations, citing an impasse on terms i
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