Southern California rent inflation grows to 5.2%, CPI says

Southern California tenants are seeing rent inflation rising once again. My trusty spreadsheet looked at the rent slice of the Consumer Price Index for March in three local markets: Los Angeles and Orange counties, the Inland Empire, and San Diego County. This rent metric is different than most as i
Read MorePrebys Foundation buys Wells Fargo Plaza tower to uplift downtown San Diego

A San Diego-based private foundation with more than a billion dollars in assets is putting its financial weight behind buoying the most troubled sector of the downtown real estate market. On Friday, Prebys Foundation purchased the 24-story office building at 401 B St., better known as Wells Fargo Pl
Read MoreWhat’s more volatile: Stocks or California home prices?

The recent wild ups and downs of stock prices may offer some comfort to those who prefer the somewhat more serene history of California home values. To see how the plot twists on Wall Street compare with swings in real estate, my trusty spreadsheet looked at histories of stocks (the Standard & Poor’
Read MoreOceanside considers new protections for residents in rentals

A proposal for “urgency ordinances” to protect people living in rentals passed on a 3-2 vote Wednesday after the Oceanside City Council reached a compromise on some of the provisions. One of the new ordinances could cap rent increases at a maximum of 5% annually, or up to 8% annually in the case of
Read MoreWhy stock market turmoil is bad for California home prices

California real estate fans should keep a keen eye on Wall Street’s wild gyrations. Share prices across the world have been pummeled in recent days by economic doubts raised by tough trade talk from the Trump administration. And while short-term stock volatility is not always tied to business fundam
Read MoreFairgrounds 2050: State institution to craft new plan for 324 acres of land

Talked about at a high level for years, the future of the Del Mar Fairgrounds may actually come into focus over the next two years with the state institution that owns the land now laying the groundwork to complete a new master plan for its expansive real estate by 2027. Earlier this month, the 22nd
Read MoreDowntown tower, Five50West, surrendered to lender

The owner of the recently remodeled, 20-story office tower at 550 West C St. has surrendered the building to its lender, signaling that downtown San Diego’s depressed office market is still reeling from a pandemic-fueled shift in how companies operate. On Friday, asset management firm Barings took b
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