Daily Business Report: Friday, March 14th, 2025
40-Story Residential Tower 800 Broadway Opens in Downtown San Diego
800 Broadway, a striking new 40-story residential tower featuring the city’s tallest rooftop pool and community lounge, has opened its doors in Downtown San Diego. Developed by joint venture between CA Ventures and Diamond Realty Investments, Inc. and designed by JWDA Architects, this LEED® Gold Certified 480-foot architectural landmark offers 389 meticulously designed residences, including studio, one- and two-bedroom apartments, and two- and three-bedroom penthouses. The building also features three ground-floor commercial units zoned for restaurant and retail, now available for leasing.
800 Broadway offers unobstructed 360-degree views of San Diego, including its skyline, mountains, and the Pacific Ocean. Raising the bar for urban living, the property boasts San Diego’s tallest rooftop pool – opening Spring 2025 – and sky lounge on the 40th floor. Additional community amenities include a speakeasy, fitness center, game room, and expansive terraces on both the 6th and 40th floors. Designed by Parisa O’Connell, these spaces are thoughtfully created to offer an exceptional and elevated residential experience.
800 Broadway is managed by RPM Living, marking the third RPM-managed property in San Diego, alongside Radian in East Village and Current in Little Italy.
“After breaking ground in 2021, we are thrilled to finally open our doors and introduce 800 Broadway to the San Diego community,” said Lucas Roof, Community Manager at 800 Broadway. “Our goal is to provide residents with the comforts and amenities of a luxury hotel, paired with unparalleled views and the urban lifestyle only found Downtown.”
Residences feature high-end finishes, including Whirlpool appliances, in-unit washers and dryers, and quartz countertops. Community amenities also include a co-working and business center, EV charging stations, and a rooftop deck with a hot tub. Of the 389 residential units, 33 are designated low-income units with rents set by the San Diego Housing Commission.
Situated at 800 Broadway, between Eighth and Ninth Avenues, the property is located in the heart of Downtown, placing residents within walking distance of San Diego’s most popular social hubs, including the Gaslamp Quarter, Little Italy, Balboa Park, and the East Village. With easy access to MTS public transportation, dining, shopping, and recreational activities, 800 Broadway offers a dynamic urban lifestyle.
800 Broadway is now leasing residential units and three ground-floor commercial units. For more information or to schedule a tour, visit https://live800broadway.com/ or contact the leasing office at 619-613-2860.
Biden ran up insane bills before he left the White House – here’s how Trump plans to pay them down
By Charles Gasparino | On the Money
Team Trump is battling not only the Democrats and the stock market, but also a huge and unproductive spending spree that Joe Biden unleashed in the final months of his presidency, On The Money has learned.
It was an attempt to goose the economy and the markets – so people could forget Kamala Harris was an empty suit on policy and get her elected last fall.
The good news: It didn’t work for Harris.
The bad news: The bill is coming due.
During the campaign, whispers of Sleepy Joe’s Harris-related spending spree leaked out of the Trump campaign from time to time. But now that the Trumpers are in the White House, they’re starting to tally it up.
The numbers are anywhere between $300 billion and $250 billion depending on how you measure and classify the largesse. Robbert van Batenburg, of the influential Bear Traps market report, says his analysis backs up those estimates. Wall Street executives who delved into the matter say the Bidenistas were able to paper over the spending though the chicanery of rolling over short-term debt instead of issuing longer-dated bonds that would have causes a spike in interest rates, a stock market selloff and probably a recession.
Why It Matters: Why Are San Diego Water Rates About to Soar?
By Scott Lewis | Voice of San Diego
People in San Diego are already feeling higher costs from food, housing and electricity. Now, water rates will also soar.
This week, the San Diego City Council voted to approve a 5.5% water rate increase. It was tough and a couple of the councilmembers couldn’t bring themselves to do it.
“I will not be able to support today’s actions because I simply cannot justify charging water customers more than they already pay,” said Councilmember Vivian Moreno.
Unfortunately, it was just the small first increase of many to come in the next four years.
Fixing California’s Broken Insurance System
By Stacy Korsgaden | California Globe
In recent developments, California Insurance Commissioner Ricardo Lara has denied State Farm an emergency rate increase of 22% for homeowners insurance. This decision, while seemingly consumer-friendly on the surface, spells disaster for the largest insurer in the state, and by extension, for countless Californian families.
Let’s examine the facts using the Rotary Club’s 4-way test: Is it the truth? Is it fair to all concerned? Will it build goodwill and better friendships? Will it be beneficial to all concerned? Lara’s actions fail this test spectacularly. Denying the rate increase under the pretense of protection is a self-serving maneuver by a government official aiming higher in his career, not an act of altruism. This decision puts State Farm in a dire financial predicament, forcing it to consider drastic survival measures.
Should State Farm be forced to withdraw from California, families would be pushed towards the Fair Plan—a scheme offering limited coverage at higher costs. This is the direct result of political ambition overriding practical governance. State Farm itself has stressed that its survival hinges on matching prices with financial risks, something Lara’s current policies hinder..
