• 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

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  • 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

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  • State Farm gets California nod to hike homeowner policies 17%

    State Farm gets California nod to hike homeowner policies 17%,Pat Maio

    California on Tuesday approved a 17% emergency rate hike for State Farm after the state’s largest insurer made an emergency request following January wildfires that devastated two Los Angeles communities. Insurance Commissioner Ricardo Lara’s endorsement means the emergency rate hikes, a first for t

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  • $218,000 income needed to buy a California home, up 82% since 2019

    $218,000 income needed to buy a California home, up 82% since 2019,Jonathan Lansner

    The annual income required to purchase a typical California house has nearly doubled over the past five years. To see how homebuying burdens have multiplied, my trusty spreadsheet compared the California Association of Realtors’ homebuying affordability report for the first quarter of 2025 with the

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  • San Diego rents falling in some areas

    San Diego rents falling in some areas,Phillip Molnar

    San Diego average rents are essentially flat, or dropping in some cases, as the apartment construction boom continues. Average rent in San Diego County in early May was $2,520 a month, rising 0.3% over the past year, said real estate tracker Costar. That was lower than the nationwide increase of 1.1

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  • Fix California? It’s cheap housing, good job opportunities

    Fix California? It’s cheap housing, good job opportunities,Jonathan Lansner

    California’s population is blossoming in places where the lifestyle appeals to a younger, cost-conscious, family-oriented audience. It’s not rocket science. Let me explain by starting with the latest population tally from the state Department of Finance. It shows California with 39.5 million residen

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  • ‘There’s just no capital.’ Hotel scrapped from plan for Navy site on San Diego Bay

    ‘There’s just no capital.’ Hotel scrapped from plan for Navy site on San Diego Bay,Jennifer Van Grove

    Citing an economic climate hostile to hotel development, the developers looking to remake the former Navy property at 1220 Pacific Highway now have until December to advance a project that centers around an entertainment venue on a portion of the waterfront site. On Tuesday, Port of San Diego commis

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  • Where are rents still falling in Southern California?

    Where are rents still falling in Southern California?,Jonathan Lansner

    Southern Californians seeking an apartment deal are finding this chore is getting tougher. My trusty spreadsheet reviewed April’s rent report from ApartmentList for the 250 largest U.S. cities, including 32 from Southern California. ApartmentList combines pricing patterns for all-sized rentals from

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