Category Archives: Real Estate

San Diego Snapshot

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San Diego offers affordable office rent compared to other California markets
  • San Diego has the lowest average asking office rents among key California office markets. This enables companies to have direct access to a highly talented and educated labor pool in San Diego while saving on real estate costs.
  • The San Diego nonfarm employment base
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What’s the real cost of building out office space in San Diego?

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You might expect the priciest place to set up shop in a new office would also be the one with the priciest rents. But there’s more than meets the eye when it comes to the cost of converting outdated office space into an engaging workplace. Get a holistic picture of total build-out costs in San Diego… Read More

Women of influence paving the way in CRE

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CREW Corner: Breaking the commercial real estate ceiling

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By Misty Moore
Thursday, October 13, 2016

Published data suggests that the top four commercial brokerage firms in San Diego employ somewhere around 200 licensed brokers. Just over a dozen of those brokers are… Read More

Renovation begins at landmark UTC office building

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Aventine1 Looking to update and transform Aventine, a Class A, 220,000-square-foot office building located on an 11-acre campus at 8910 University Center Lane in San Diego, Calif, Boston-based Rockpoint Group has started on a $6.6 million renovation of premier office project.

Designed by Gensler, the renovation at Aventine will include a new modern light and bright building lobby… Read More

Face of the city in midst of major upgrade

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COW_San Diego_development_Aug 12 2016The downtown San Diego waterfront is undergoing major changes which will transform the face of the city. These highlighted projects do not include the recent upgrades to Ruocco Park and the esplanade, or other recent developments adjacent to the waterfront. These waterfront projects are the most visible aspects of a genuine transformation which… Read More

National homeownership rates remain near all-time lows

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The U.S. homeownership rate fell to its lowest rate since the fourth quarter of 1967:

Homeownership slides down to 63.5 percent in the first quarter

  • This figure is 30 bps lower quarter-on-quarter; 20 bps lower year-on-year
  • Homeownership rates rose in the Midwest 30 basis points year-on-year, while falling in
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2015 was a banner year for post-recession construction activity.

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U.S. constuction

  • Office space under construction peaked at 92.8 million square feet.
  • Industrial construction was the shining star as consumer confidence grew.
  • Construction costs increased in primary office markets, driven by skyrocketing labor costs, which motivated growth in secondary markets.

JLL’s Construction Outlook report provides valuable insight into construction trends in the U.S. and JLL San Diego’s PDS Market Lead, Julie… Read More

America’s Most Expensive Streets [VIDEO]

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JLL reveals the most expensive streets across the United States, San Diego street ranks as #12

It’s been said there are three things that matter in real estate: location, location, location.

The cliché cuts to the chase: location is important and will certainly play a crucial role in a property’s pricing. But today’s investors would do well to memorize the following mantra: location, industry, competition.

JLL’s biennial study of the “Most Expensive Streets” across the United States… Read More

There is an ‘I’ in this team: The IDEA1 Team – a case study in collaboration

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CREW San Diego recently invited JLL San Diego to make a presentation about “IDEA1” – focusing on the collaboration and creativity that has gone into this unique project.

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(left to right): Bess Wakeman, JLL; Steve Adams, LaSalle Investment Management; Darcy Miramontes, JLL; Lynn LaChapelle, JLL; and, Mike McNerney, Lowe Enterprises.

Located in San… Read More

Rising Rents and Industry Expansion Push Technology Firms To Key Growth Markets [REPORT]

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JLL reveals 21 U.S. locations, including San Diego, with ideal office cost and conditions for startups and tech sector

Even though Northern California is the cradle for the technology industry, Silicon Valley has matured beyond the garages from which it was born. According to JLL’s 2015 United States Technology Office Outlook, technology firms and startups aren’t just exploring new U.S. markets, they’re starting to plant roots.

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