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The Current

  • Is this San Diego’s best architecture? Check out the award winners

    Is this San Diego’s best architecture? Check out the award winners,Phillip Molnar

    A local architect coalition has given awards for the restoration of Balboa Park’s Botanical Building, an office in Tijuana, a project at MiraCosta College and more. The San Diego branch of the American Institute of Architects, or AIA, has been giving out awards annually for what it feels are the bes

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  • Founder of ADU company accused of fraud files for bankruptcy protection from creditors

    Founder of ADU company accused of fraud files for bankruptcy protection from creditors,Jeff McDonald

    The man who claimed to be disrupting the backyard housing industry — securing financing, permits and building granny flats across San Diego County, before collecting millions of dollars without doing the work — is now seeking federal protection from his many creditors. Jose Frausto, the founder and

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  • Will smaller San Diego lot sizes solve housing woes? New study thinks so

    Will smaller San Diego lot sizes solve housing woes? New study thinks so,Phillip Molnar

    Pro-housing advocates say reducing San Diego’s residential lot sizes could lower home prices, and increase tax revenue for the cash-strapped city. A coalition of housing groups Friday morning said that denser developments are needed in America’s Finest City. They presented research from housing anal

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  • California wages jumped 6.5% last year, 5th biggest raises in US

    California wages jumped 6.5% last year, 5th biggest raises in US,Jonathan Lansner

    California workers ended 2024 with the nation’s fifth-largest pay raises, despite sluggish job creation. My trusty spreadsheet looked at a fourth-quarter tally of workers and wages by the Bureau of Labor Statistics that’s taken from a review of employers’ unemployment insurance filings for the 50 st

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  • Ballpark District created to clean up blocks around Petco Park

    Ballpark District created to clean up blocks around Petco Park,Jennifer Van Grove

    A nonprofit affiliated with the San Diego Padres will soon take over the day-to-day upkeep of 22 downtown blocks surrounding Petco Park. Starting July 1, an entity known as the Ballpark District Community Partnership will be responsible for the daily security, cleanliness and enhancement of the bloc

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  • These San Diego luxury homes have been for sale for a year, or longer

    These San Diego luxury homes have been for sale for a year, or longer,Phillip Molnar

    Some luxury homes can take years to sell, and unease about the economy hasn’t helped speed up the process. San Diego County homes costing $6 million and up were taking an average 633 days to sell as of late May, according to Reports on Housing, up from 400 days last year. Homes from $4 million to $5

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  • The Headquarters in downtown San Diego slated to be sold for $34.9 million

    The Headquarters in downtown San Diego slated to be sold for $34.9 million,Jennifer Van Grove

    The prospective buyer of The Headquarters has agreed to pay $34.9 million to acquire the historically designated dining and retail center on San Diego’s downtown waterfront in a transaction that could be finalized later this week. On Friday, the San Diego Unified Port District’s board of directors w

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  • 34% fewer San Diego County homes sold. Is the Fed to blame?

    34% fewer San Diego County homes sold. Is the Fed to blame?,Jonathan Lansner

    San Diego County homebuying hasn’t been the same since the Federal Reserve’s war on inflation began three years ago. That’s what my trusty spreadsheet discovered in the March homebuying report from Attom, which tracks the closed sales of existing residences and new construction, houses and condos, d

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  • Home prices take 1st drop in 26 months, by this math

    Home prices take 1st drop in 26 months, by this math,Jonathan Lansner

    Budget-conscious home seekers who need any whiff of hope may cheer the latest Case-Schiller national price index. The good news is that this oft-quoted yardstick of U.S. prices declined 0.3% between February and March. It’s the first monthly dip in the “seasonally adjusted” version of the index sinc

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  • Costa Verde Center owner wants to turn shuttered strip mall into its own neighborhood

    Costa Verde Center owner wants to turn shuttered strip mall into its own neighborhood,Jennifer Van Grove

    The new owner of the fenced-off Costa Verde Center just opposite Westfield UTC is working on a blueprint for the former strip mall that centers around creating a walkable neighborhood with its own main street flanked by thousands of residential units, neighborhood shops and eateries, and possibly a

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  • Are price cuts coming? San Diego home price gains slow in national rankings

    Are price cuts coming? San Diego home price gains slow in national rankings,Phillip Molnar

    San Diego home prices haven’t risen this slowly in years. In March, the San Diego metropolitan area’s home price increased 1.67% annually, said the S&P Case-Shiller Indices report released Tuesday. That’s the smallest increase since summer 2023 when rising mortgage rates, briefly, hit the brakes on

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  • 29% fewer California homes sold. Is the Fed to blame?

    29% fewer California homes sold. Is the Fed to blame?,Jonathan Lansner

    California homebuying hasn’t been the same since the Federal Reserve’s war on inflation began three years ago. That’s what my trusty spreadsheet found in the March homebuying report from Attom, which tracks the closed sales of existing residences and new construction, both houses and condos, dating

    Read More
  • Mission Valley’s Hazard Center is getting a new name, look and vibe

    Mission Valley’s Hazard Center is getting a new name, look and vibe,Jennifer Van Grove

    The Hazard Center shopping center and office complex in the center of Mission Valley is getting a new name and a retail-focused facelift with the property’s new owner seeking to refashion the neglected site into a trendier destination. Los Angeles-based BH Properties, which bought the property in Au

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  • ‘Look out for a slowdown’: San Diego home sales slump despite more listings

    ‘Look out for a slowdown’: San Diego home sales slump despite more listings,Phillip Molnar

    San Diego home prices were up slightly in March but at a pace new homeowners might not be thrilled with. The median home price in San Diego County was $900,000 in March, up 1.1% from the previous month, said an Attom Data Solutions report released this week. The median, a combination of all closed s

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  • Californians are late paying 18% of their student loans

    Californians are late paying 18% of their student loans,Jonathan Lansner

    Despite the financial stress of Golden State life, Californians are relatively good at paying bills compared with the rest of the nation. Take student loans. In the first quarter of 2025, 18% of California student loans were late. That may seem like a stunningly high rate of skipped payments, but it

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  • Why more construction didn’t fix California’s high housing costs

    Why more construction didn’t fix California’s high housing costs,Jonathan Lansner

    Build it – and they will fall. We’re often told that California housing costs will dip if more residences are constructed. My trusty spreadsheet’s peek into real estate and demographic patterns, however, questions the wisdom behind construction as a significant housing-cost containment measure. You

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  • San Diego preparing to put downtown’s old Central Library on the market

    San Diego preparing to put downtown’s old Central Library on the market,Jennifer Van Grove

    After more than two years exploring its options, San Diego is now preparing to market the empty old Central Library at Eighth Avenue and E Street for sale or lease to maximize redevelopment of the half-block, downtown property where height limits are not a constraining factor. On Thursday, San Diego

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  • Many Californians need six-figure incomes to afford rent

    Many Californians need six-figure incomes to afford rent,Jonathan Lansner

    California is home to five of the eight U.S. metropolitan areas where a six-figure income is necessary to be a financially comfortable renter. My trusty spreadsheet analyzed April rent data from Zillow, which tracked the stress on household finances caused by the rising cost of being a tenant in the

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  • Up for a swim in the sky? San Diego’s highest pool completes construction

    Up for a swim in the sky? San Diego’s highest pool completes construction,Phillip Molnar

    Downtown San Diego’s newest apartment tower has an amenity that stands out: the county’s highest swimming pool. At roughly 480 feet above ground, the pool at 800 Broadway on its 40th floor makes it the highest place to do a cannonball in all of San Diego County. The luxury tower opened earlier this

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  • Auction date set for downtown San Diego’s Campus at Horton

    Auction date set for downtown San Diego’s Campus at Horton,Jennifer Van Grove

    The Campus at Horton in downtown San Diego is set to be auctioned off to the highest bidder next month as the project’s lender seeks to recover hundreds of millions of dollars in unpaid debt from developer Stockdale Capital Partners. On May 7, Beacon Default Management, Inc., acting as trustee for L

    Read More
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