Daily Business Report — July 29, 2011
Public to Speak on Preliminary Redistricting Plan The San Diego Redistricting Commission will hear public testimony on the preliminary redistricting plan that it approved earlier this month at its next meeting Aug. 3 at 6 p.m. at the Joan B. Kroc Center at 6845 University Ave., San Diego. The commission is to adopt a final [...]
Daily Business Report — July 28, 2011
New Redevelopment Law Explained The San Diego Housing Federation will host an Aug. 2 workshop on the state’s new redevelopment law and how it will affect public investment in the region, the development of affordable housing. It will be held from 10 a.m. to noon at the San Diego Foundation Hoffman Room, 2508 Historic Decatur [...]
Daily Business Report — July 27, 2011
San Diego County Economy Economic Index Records First Loss in 27 Months The USD Burnham-Moores Center for Real Estate’s Index of Leading Economic Indicators for San Diego County fell 0.2 percent in June. The drop was led by a sharp decrease in consumer confidence and featured moderate declines in building permits, initial claims for unemployment [...]
Daily Business Report — July 26, 2011
Redistricting Shuffle Tentative Plan Moves Councilman Todd Gloria Out of District 3 By Manny Cruz City Councilman Todd Gloria, a candidate for re-election in 2012, says he is prepared to move out of City Heights — his residence for nearly a decade — in order to keep his District 3 council seat. A preliminary redistricting [...]
Daily Business Report — July 25, 2011
June Jobs Report: Employment Up 6,500 Over the Month; Up 16,300 Over Year The unemployment rate in the San Diego County was 10.4 percent in June, up from a revised 9.6 percent in May and below the year-ago estimate of 10.5 percent, according to the state Employment Development Department. This compares with an unadjusted unemployment rate [...]
Daily Business Report — July 22, 2011
Horton Plaza Design Concept to be Presented A presentation by the Walker Macy design team on the concept design for Horton Plaza will be made at a public meeting July 26 from 6 to 8 p.m. in the former Robinson-May building Downtown. The Centre City Development Corp., working for the Redevelopment Agency of the city, [...]
REITs are the future of Real Estate Investment
REITs are the Future of Real Estate Investment By David Marino Back in 1989, when I moved to San Diego to get into the commercial real estate industry, local developers built and owned most of San Diego’s commercial real estate. Names like Oliver McMillin, The Hahn Company and The Koll Company dominated the landscape. Then, [...]
Daily Business Report — July 21, 2011
Cubic to Work on Port Security in Panama Cubic Applications Inc. has received a nine-month contract from the Organization of American States (OAS) to provide seaport security assessments and training for six ports in Panama. The contract covers the six principal port facilities in Panama, four container ports/terminals and two cruise ship terminals. It includes [...]
Daily Business Report — July 20, 2011
Home Foreclosures Take Steep Drop The number of San Diego County homes that went into foreclosure fell by 23.8 percent in the last quarter, following a trend established throughout California, according to San Diego-based DataQuick, a real estate information service. A total of 4,158 Notices of Default were recorded in the county in the second [...]
Daily Business Report — July 19, 2011
Troubled Se Hotel Sold to Kimpton Affiliate The debt-plagued Se Hotel in Downtown San Diego, now in bankruptcy proceedings with owner 5th Ave Partners, has been sold to an affiliate of Kimpton Hotels & Restaurant. CB Richard Ellis Group Inc. said it arranged the $49 million sale. 5th Ave Partners is the debtor in possession [...]
SD Metro is also available now on the i-pad! Just click on this link to download to your ibooks!
