Largest Downtown San Diego Development Ever Is Rising In East Village
February 2, 2017

Largest Downtown San Diego Development Ever Is Rising In East Village

Considered downtown San Diego's next big thing, Ballpark Village, the first project in the Ballpark Village master plan, is under construction. We spoke with JMI Realty senior vice president of development Jim Chatfield about the project, the East Village and future plans for Qualcomm Stadium.

Chatfield said Ballpark Village's first project is a 37-story, $230M residential tower rising on a 3.2-acre site next to Petco Park in East Village. Developed by a JV of JMI Realty and South Carolina-based Greystar, the project (below) will provide 720…

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How Stadium Development Is Killing Loyalty In American Sports

Pandemonium will ensue inside NRG Stadium on Sunday. As the opening kickoff between the New England Patriots and the Atlanta Falcons sails through the air, 75,000 fans will be blinded by flashbulbs and deafened by their collective roar. 

But 1,500 miles away in San Diego, Qualcomm Stadium will be as silent as a graveyard, not just because the Chargers didn't make it to the Super Bowl, but because the team will never play in the city again. The abandoned stadium stands as a solemn symbol of an NFL franchise system that exploits American cities and tosses away fans.

"The institutions create a system that is designed to minimize competition. That benefits the owners and the established league, but it harms fans and people who own lesser teams or want to own teams,” said Roger Noll, a senior fellow…

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SoCal Hotel Boom Has 13,000 Rooms Rising, Nearly 1,500 In San Diego

Southern California is experiencing a hotel boom, with more than 13,000 rooms under construction in 2016 and another 66,000 in the pipeline. Six hotels with 1,017 rooms opened in San Diego last year, up from 711 rooms in 2015. The…

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Mesa West Capital Provides $28M For Acquisition And Makeover Of Scripps Ranch Office Building

Mesa West Capital has provided Newport National Corp. a $28M first mortgage loan for acquisition, renovation and stabilization of Scripps Summit Court in San Diego's Scripps Ranch submarket. Seller HD Supply Facilities Maintenance relocated to Atlanta, completely vacating the four-story,…

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California Forecast: Outlook Strong In Industrial, Slower In Multifamily And Office

There has been no significant shift in the economy related to the election results and the commercial real estate cycle has continued to run its regular course, according to the Winter/Spring 2017 Allen Matkins/UCLA Anderson Forecast released today.

“While the outlook for 2017 may look relatively good, the strong move towards online shopping, higher interest rates, a continued redefinition of the office environment and the dropping of fertility rates [remain the] driving factors in commercial real estate,” UCLA…

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Every time a city hosts a Super Bowl, three things are certain: one team will win, one team will lose and the host city will commission an economic impact study that sports economists blast as grossly exaggerated. 

The economic impact of the Super Bowl, or how much money the game adds to the local economy above an average weekend, is an important metric for cities to consider. The NFL touts these numbers as a way to get the host…

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Baby Boomers Of Affluence: Demand For Senior Housing Developments In Urban Metros Grows

Every day, 10,000 Baby Boomers are turning 65, a trend likely to persist for the next 12 years, according to Pew Research. That is leading to demand that is driving investment in senior living communities beyond the norms of the past, especially since this group wants to retire in style. From high-rise buildings in urban infills to luxury amenities open to the masses, we broke down several trends to expect in senior living this year, according to Rocky Berg (pictured), principal and director of business development for the company three: Living Architecture.

Click here for full story.

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UK-Based Firms Prepare For A Difficult Brexit As Parliament Votes To Start The Process

Brexit is in limbo no longer. UK Parliament has voted in favor of Prime Minister Theresa May beginning the country's removal from the European Union, and UK-based companies are growing increasingly wary of its effects.

UK-based Aviva Investors CEO of global real estate Ed Casal said despite efforts to come up with a contingency plan prior to the vote, the company is spending more money to study the effects of Brexit, and may relocate operations to other European countries.

Read full story here.

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