Posts Tagged ‘San Diego County’

Turbulent Times Turn The Chopra Center Into Mecca for Calm

Thursday, October 30th, 2008

As the daily news unfolds stories of massive home foreclosures, corporate layoffs, and depleted life savings, The Chopra Center for Wellbeing is teaching those impacted how to find balance and peace of mind. In the midst of economic chaos, The Chopra Center serves as an oasis of calm, instructing increasingly popular classes in the time-proven [...]

Condo projects will be few for remainder of ‘08

Sunday, April 27th, 2008

While some multi-family developments are currently under construction in San Diego County, the amount of condominium projects that will begin during the remainder of this year will be minimal, as a significant number of previously proposed condo projects have been delayed, offered for sale by the developer or become bank-owned.
“None of the permits that [...]

National apartment vacancies dropping, San Diego’s are rising

Sunday, July 8th, 2007

The national and the local apartment vacancy rates, far apart in recent years, are much closer now.
Reis, Inc. (AMEX: WRP) a New York-based research firm, said the nation’s average apartment vacancy was 5.8 percent as of the end of the second quarter, down from 6 percent during the first three months of 2007 –reportedly the [...]

Even as apartment sales fall in San Diego, prices still remain strong

Saturday, April 7th, 2007

The number of apartment transactions continues to fall in San Diego County and prices may have held their own, depending on how the numbers are calculated.
“Even though 2006 sales volume was down significantly since 2005 and 2004, average countywide sales prices were still above the record-high prices set in 2004,” said George Carlson, a Burnham [...]

Sales of condo-hotel suites hot at Hotel Del Coronado

Thursday, February 15th, 2007

Real estate slump? Don’t tell that to the folks at the Hotel Del Coronado.
While real estate sales throughout San Diego County have been in the doldrums for more than a year, the legendary hotel is enjoying brisk business with its new beachfront condo-hotel suites.
More than half of the 35 two-and three-bedroom units have been sold [...]

Expected national apartment rent hikes in 2007 not likely in San Diego County

Wednesday, February 7th, 2007

Although apartment rents nationally have been forecasted to increase 5 percent this year — the equivalent of a 14 percent increase in rent since the end of 2004 — San Diego County is one of the few regions in the country where this is unlikely to occur.
According to a recent Marcus & Millichap report, asking [...]

Residents worry about condo complex’s fate

Tuesday, January 16th, 2007

When Dave Flores, 45, bought his condo in June in Oceanside’s River Oaks complex for $276,000, he thought he was buying a solid investment.
Now he wonders what will happen to the property and his property value since Bank of America began foreclosure proceedings last year on the complex — a mix of apartments and apartments [...]

Maisel-Presley owes $35 million on project

Saturday, January 13th, 2007

A 280-unit Oceanside condominium complex from one of the county’s most prolific condo converters has been taken over by its largest lender.
Developer Maisel-Presley agreed to hand the keys to the River Oaks project over to Bank of America last month after the bank initiated a foreclosure proceeding, according to court records. The bank lent $48 [...]

5.7 percent of O.C. homesellers lost money last month

Friday, January 12th, 2007

The percentage of Orange County homesellers who lost money on their transactions went up in December for a second straight month, new figures from First American Real Estate Solutions show.
The profit rate reaped from the typical Orange County home sale last month also fell from the month before.
First American reported this week that 5.7 percent [...]

More homes sell for loss

Friday, January 12th, 2007

The percentage of Orange County homesellers who lost money on their transactions went up in December for a second straight month, new figures from First American Real Estate Solutions show.
The profit rate reaped from the typical Orange County home sale last month also fell from the month before.
First American reported this week that 5.7 percent [...]

Real-estate market of 2006 slips, predictions for recovery differ

Tuesday, December 19th, 2006

The 2006 San Diego County residential real-estate market can be summed up as one that experienced a decrease in home sales activity, an adjustment in price increases and a rise in standing inventory.
Now moving forward, some within the industry forecast the 2007 market will represent an improvement.
A 5 percent increase in overall home sales activity [...]

Report: Condo surplus hampers city’s real estate market

Wednesday, October 25th, 2006

Less capital will flow into real estate markets and too many condominiums have hurt San Diego’s standing, but moderating home prices should help keep businesses here.
A new Emerging Trends report by PricewaterhouseCoopers and the Urban Land Institute said capital will continue to flow into real estate in San Diego and elsewhere, but these investors will [...]