NEWS ARCHIVE


  • Renovated life science building in Sorrento Mesa sold for $43M
    In a recent sale, the owner of an 82,000 square-foot life science building at 10222 Barnes Canyon, in the heart of Sorrento Mesa, got more than triple what it paid for the property just two years prior. La Jolla-based commercial real estate company Bollert LeBeau sold the building — a fully leased,... Read More
  • San Diego home sales down for 5th straight month
    Home sales fell for the fifth month in a row in San Diego County in October and prices were also down, real estate tracker CoreLogic reported Thursday. The latest numbers show continued signs of a slowdown in the real estate market — across the nation, not just locally — but analysts cautioned... Read More
  • Southern California home sales decline, hitting lowest level in seven years
    Southern California home sales tumbled 7.5% in October from a year earlier, extending a broad slowdown in the housing market, according to a report released Thursday by CoreLogic. Last month was the third straight month of declines, and the 19,193 homes that sold were the lowest number for an October... Read More
  • Can Sears save these 4 San Diego stores?
    Bankrupt Sears Holding Company wants a white knight to swoop in and save the brand by purchasing 505 owned and leased Sears and Kmart locations, including four in San Diego County. The company said last week in a bankruptcy filing that it hopes to keep the following local stores alive: The 150,380... Read More
  • Sales of new homes in U.S. fall, missing projections
    Sales of new U.S. homes fell in October to the weakest pace since March 2016 as rising borrowing costs and elevated prices keep buyers out of the market. Single-family home sales fell 8.9% from the prior month to a 544,000 annualized pace, according to government data released Wednesday. That was... Read More
  • Carlsbad's Park Hyatt Aviara sells for $170 million more than a year after being taken over by its lender
    The upscale Park Hyatt Aviara resort, which was taken over by its lender more than a year ago following missed payments, is now under new ownership. Xenia Hotels & Resorts, a Florida-based real estate investment trust that owns 41 hotels across 17 states, including the Andaz in downtown San Diego,... Read More
  • A 'swing toward buyers'? San Diego resale home prices slow
    Existing home prices in September for the San Diego metropolitan area increased 4 percent in a year, the lowest in the West, said the S&P CoreLogic Case-Shiller Indices released Tuesday. Among the 20 areas covered by the index, San Diego’s increase was the fourth lowest and below the national increase... Read More
  • Rising interest rates could increase rental demand in San Diego, report says
    Higher mortgage interest rates will push more people into the San Diego County rental market and likely increase rents, said a new report from Marcus & Millichap. The national commercial real estate brokerage firm’s fourth quarter analysis said the gap between between a monthly mortgage payment... Read More
  • Finding a way out from under big medical bills
    Dear Liz: I am so lost. I recently became a widow at 52. My husband didn’t have life insurance. I had to grab a job two weeks after he passed. Five months later, I’m sick with late-stage congestive heart failure and can’t work. I’m barely able to pay my mortgage now with Social Security survivor... Read More
  • San Diego leads the nation with the most home price reductions this year
    A year ago, the three-bedroom craftsman home on 2873 Upas St. would have been one of the hottest on the market, receiving multiple offers and selling within days of its listing. But today, after sitting on the market for 44 days and four price reductions later, the remodeled 1943 home in the popular... Read More
  • Existing-home sales rise for first time in seven months
    Sales of previously owned U.S. homes rose in October for the first time in seven months. But the market remains relatively soft, with sales down 5.1% from a year earlier, the biggest drop since 2014. The National Assn. of Realtors said Wednesday that the annual rate of existing-home sales increased... Read More
  • Prime Beverly Hills development site is sold to owners of next-door Beverly Hilton
    A former department store site in Beverly Hills that has been slated for a $1.2-billion hotel and condominium complex is being sold to its next-door neighbors and rivals — the owners of the Beverly Hilton and Waldorf Astoria hotels. The sale by Dalian Wanda Group, one of China's largest private... Read More
  • Stocks climb, breaking five-day losing streak
    A rebound by technology companies and banks helped reverse an early slide for U.S. stocks Thursday, breaking the market’s five-day losing streak. Healthcare and industrial stocks also rose, offsetting losses by retailers, homebuilders, utilities and other sectors. Energy stocks also helped lift... Read More
  • Using your home's equity to pay off credit card debt is a dumb move
    Dear Liz: My ex-husband is a self-employed carpenter who just turned 64. He’s gotten a bit over his head with his credit cards. He tried for a home equity loan since he has plenty of equity and high credit scores. His mortgage lender says he doesn’t make enough money and that he needs a co-signer.... Read More
  • Hot Property: 'SNL' alum Kristen Wiig prepares for a closing act in Silver Lake
    It’s a wrap in Silver Lake for Kristen Wiig, who is offering her revamped Midcentury Modern-style home for $5.125 million. The Silver Lake hillside perch, named the Martin Residence for its architect, Albert P. Martin, maintains its Modernist aesthetic and original floor plan. An open-concept great... Read More
  • Neighborhood Spotlight: Casino-dominated Hawaiian Gardens offers good odds on finding affordable housing
    Belying its exotic moniker, the site that became Hawaiian Gardens was originally a marsh that local farmers called “the Delta,” according to the city's official history. The Delta drew a steady stream of locals and passing travelers looking to water their horses at its murky pools, and in 1927... Read More
  • Massive real estate scam based in Irvine bilked people out of $100 million, FTC alleges
    The Federal Trade Commission announced Thursday that it’s looking to shut down the “largest overseas real estate investment scam” it has ever encountered: an unfinished luxury development in Belize whose owners and management, the agency alleged, bilked people out of more than $100 million. The... Read More
  • Post-election stock surge fades, and oil prices sink again
    U.S. stocks slipped Thursday as oil prices’ ninth consecutive drop hurt energy companies. U.S. markets were coming off huge gains from the day before. U.S. crude oil has slumped more than 20% since early October, meeting Wall Street's definition of a bear market. Government fuel stockpiles have... Read More
  • Prop 10 lost, but rent control activists in San Diego say they won't quit
    Expanded rent control in California failed with voters Tuesday, but it might be an issue that refuses to go away. Proposition 10 sought to repeal a 1995 law, the Costa-Hawkins Rental Housing Act, that limits county and city governments’ ability to slow rent hikes. Around 38 percent of voters in... Read More
  • Cluster of life science offices sell for $112 million
    A Boston company bought a cluster of San Diego office buildings this week for $112 million, one of the biggest local real estate sales of the year. The cluster of 12 buildings had been owned by San Diego-based Parallel Capital Partners, a real estate investment firm. The total area sold equals... Read More
  • A new study shows 89 percent of millennials want to be homeowners—but this keeps them back
    A new study from Apartment List highlights the overall feelings millennials have towards purchasing a home.  Read More
  • US mall owners have been slow to change for years. But now they're trying to embrace it
    As 2018 comes to an end, it's been announced that more than 146 million square feet of retail space will be shut across the U.S. in malls and shopping centers, according to real estate research group CoStar. Read More
  • Co-working space operator: Localization is very important
    Kong Wan Sing, CEO of JustCo, says real estate is a "very localized business," and the company has local teams in the cities it operates in. Read More
  • Mortgage rates fall to two-month low
    CNBC's Diana Olick takes a look at mortgage rates dropping amid market madness. Read More
  • Mortgage rates drop to 2-month low—an unexpected holiday gift to housing
    Mortgage rates are falling sharply, as investors head to the relative safe haven of the bond market. The average rate on the 30-year fixed has fallen 21 basis points in the past week to 4.73 percent, according to Mortgage News Daily.  Read More
  • Mortgage applications rise 2%, but buyers seem unimpressed by lower rates
    While price gains are now shrinking, affordability is still at the lowest level in a decade and proving to be the biggest barrier to housing demand. Sales of newly built and existing homes continue to suffer. Read More
  • Impact of slower GDP growth on Australian politics
    Andrew Ticehurst of Nomura Australia says slower GDP growth in the country makes the political environment "more difficult" and "challenging." Read More
  • Toll Brothers' new orders lowest in more than four years
    CNBC's Diana Olick talks about Toll Brothers' earnings report and expectations for next year. Read More
  • Luxury home sales could see long winter chill
    The heat in housing demand is cooling across the nation and across most price points, but luxury is really feeling the chill. Luxury homebuilder Toll Bros. reported weaker demand, especially in California, where home prices are highest.  Read More
  • The 10 best neighborhoods for retirees in America
    When it comes to living the lifestyle they imagined, today's retirees spend a lot of time worrying about how they will afford their golden years. Read More
  • Toll Brothers gives disappointing guidance; CEO blames media for housing slowdown
    CEO Douglas Yearley says reports about the souring house market are causing the slowdown. Read More
  • Australia's Q3 2018 GDP won't be as strong as 1H: Moody's
    Katrina Ell of Moody's Analytics discusses expectations for Australia's Q3 GDP results. She also weighs in on the country's cooling housing market, which she says will hurt consumer spending. Read More
  • December is usually the slowest month for home sales, but that might not be the case this year
    Rates are now about a full percentage point higher than they were a year ago, hovering now just below 5 percent. They are expected to move higher in 2019, however. Read More
  • More trouble for malls: A new wave of closures from Gap, Victoria's Secret and others
    Now, a slew of specialty retailers like Gap and L Brands are getting serious about trimming their real estate footprints. Read More
  • Pending home sales fall 2.6% in October as more buyers are priced out
    Expectations for a stronger housing market in October fell short. Pending homes sales, a measure of signed contracts to buy existing homes, fell 2.6 percent compared with September, according to the National Association of Realtors.  Read More
  • Mortgage Bankers Association expects more millennials to buy houses
    Bob Broeksmit, Mortgage Bankers Association CEO, joins 'Squawk Box' to discuss the Mortgage Bankers Association housing forecast. Read More
  • UK's largest housebuilder calls on lawmakers to move forward with Brexit and stop the uncertainty
    Brexit uncertainty is "unhelpful" for those seeking to buy a home, the CEO of the U.K.'s largest housebuilder by volume told CNBC Thursday. Read More
  • SoftBank-backed US home insurance start-up Lemonade looks to Europe for its first expansion abroad
    Lemonade CEO Daniel Schreiber said the long-term aim would be take the home and renters insurance start-up global "one bit at a time." Read More
  • Trade war's impact on real estate investment is unclear: Knight Frank
    Liam Bailey of Knight Frank says the U.S. housing market is "relatively well placed" compared to other parts of the world. Any impact from the trade war will come through a hit to sentiment, which may slow down demand for real estate, he adds. Read More
  • The 4 biggest mistakes first-time homebuyers make
    Real estate expert and Shark Tank star, Barbara Corcoran, knows the 4 most common mistakes that first-time homebuyers make. Read More
  • Tiffany struggles due to lower spending from Chinese tourists in the US and Hong Kong
    Nomura Instinet's Simeon Siegel and Jan Kniffen, CEO of J Rogers Kniffen World Wide, discuss the latest news in the luxury retail landscape. Read More
  • Highest number of unsold new homes on market since 2009: Report
    CNBC's Diana Olick reports on falling US new home sales and a 7.4 month supply of new, unsold homes on the market. Sales tumbled 8.9% in October. Read More
  • Home improvement looks stronger than home construction, analyst says
    Mike Dahl, RBC Capital Markets, discusses the state of the real estate market and the home renovations rebound. Read More
  • New home sales down 8.9 percent for the month
    CNBC's Diana Olick reports on home sales dramatically falling short of expectations this month. Read More
  • Weekly mortgage applications rise 5.5% as homebuyers edge back in
    Buyers are coming back to the market, and driving mortgage demand. Read More