Southern California Real Estate Report
185 episodes - English - Latest episode: about 1 year ago - ★★★★★ - 13 ratingsWe cover Real Estate news in San Diego and Southern California. Topics include major developments, rents and current affairs.
IPA (Income Property Advisors) has extensive experience in San Diego property management and construction management. We specialize in repositioning and stabilizing tenant occupancy through creating an operating budget and a marketing plan to achieve optimal market rents. We can also assist with identifying value-add opportunities for our investors and help in the acquisition and underwriting process.
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Episodes
New Renter Protection Laws
April 21, 2023 01:00 - 13 minutes - 5 MBToday on the Southern California Real Estate Report we talk about the new renter protection package San Diego is proposing. The proposed law builds on the state’s Tenant Protection Act of 2019. It will make it harder for landlords to remove tenants so they can make renovations. Article referenced: https://www.sandiegouniontribune.com/business/story/2023-04-18/san-diego-city-council-will-vote-on-new-renter-protections-here-are-the-proposed-changes
New rent control ballot initiative
April 01, 2023 00:00 - 14 minutes - 5 MBToday on the Southern California Real Estate Report we take about stricter rent control laws that are likely coming to the California's ballot. "Justice for Renters Act" would end Costa Hawkins and allow for counties to place rent control laws on all residential properties and stop landlords from being able to set their rents to market when a new renter moves in. Article referenced: https://www.costar.com/article/1257379244/organizers-collect-signatures-for-california-ballot-initiative-to...
UC San Diego is building more housing
March 25, 2023 01:00 - 10 minutes - 14.6 MBToday on the Sothern California Real Estate Report we talk about the new housing and student center being developed by UC San Diego called the Triton Center. The growing school will spend $1.1 Billion on the project. It will include a 2,400 bed housing project. Article referenced: https://www.sandiegouniontribune.com/news/education/story/2023-03-21/ucsd-approval-student-center-housing-complex
New tenant protections for tenants in Chula Vista
March 03, 2023 02:00 - 26 minutes - 36 MBToday on the Southern California Real Estate Report we give you the most important information on the new law in Chula Vista that is designed to shield renters from evections. The new laws tighten on existing no-fault eviction laws already in place by the State of California. Article Referenced https://www.sandiegouniontribune.com/communities/south-county/story/2023-02-28/chula-vistas-new-tenant-protections-law-takes-effect
Coronado Cays vacation rental development
February 23, 2023 14:00 - 10 minutes - 14.7 MBToday on the Southern California Real Estate Report we talk about a vacation rental development in the Coronado Cays. The project is getting a lot of scrutiny from locals who do not want such a project and think the land should be used as a park. The San Diego Port commissioners wants to build affordable vacation rentals that will bring life back to the land. Article Referenced: https://www.sandiegouniontribune.com/business/story/2023-02-15/proposed-rv-park-in-coronado-cays-draws-strong-...
Wildfire concerns halt development
February 10, 2023 14:00 - 11 minutes - 16.2 MBToday on the Southern California Real Estate Report we talk about a development that has been halted because of wild fire concerns. The Rancho Penasquitos development known as Junipers was a 536 unit project. A judge by the name of Ronald Frazier ruled that the project did not take into consideration the affects of traffic, noise and wildfire threats. Article referenced for this podcast: https://www.sandiegouniontribune.com/news/politics/story/2023-02-07/junipers-rancho-penasquitos-impac...
SANDAG is in search of a new office space.
February 02, 2023 23:26 - 12 minutes - 16.7 MBToday on the Southern California Real Estate Report we give you a rundown on the potential new office spaces SANDAG is considering for new office space. The space will be for between 350-375 people. They have been in their current space for 34 years. The options include the new Horton Plaza campus. Referenced article: https://www.sandiegouniontribune.com/business/list/sandag-is-shopping-for-substantial-office-space-in-downtown-san-diego
Winter Property Maintenance
January 20, 2023 15:00 - 15 minutes - 21.6 MBToday on the Southern California Real Estate Report we talk about how the properties Income Property Advisors, Inc. manages got through the last winter storms with only mirror issues. We talk about preventative maintenance and what to look for at your property to prevent major issues.
Del Mar Fair Grounds goes under the development spotlight
January 13, 2023 14:00 - 9 minutes - 12.8 MBToday on the Southern California Real Estate Report we take a look at the Del Mar Fair Grounds. The iconic property is home most famously to the San Diego County Fair and the Del Mar Race Track. But is the property being used to its greatest value? The firm London Moeder plans to find out. The state approved contract will cost $282,000 and will take a year, with the goal to find out what the best use of that land will be in the future. Article referenced: https://www.sandiegouniontribu...
Rule update regarding housing in San Diego
January 06, 2023 05:00 - 16 minutes - 23.1 MBToday on the Southern California Real Estate Report we talk about some updates to the rules regarding accessory dwelling units and transit areas. The City of San Diego has proposing updating its transit proximity rules to allow for transit oriented housing to be up to a mile away from transit. The new rules also allows for more ADUs to be built in residential neighborhoods. To learn more listen in! Article referenced: https://www.lajollalight.com/news/story/2023-01-05/san-diego-could-ok...
Where home prices have landed at the end of 2022
December 30, 2022 20:45 - 16 minutes - 22.6 MBToday on the Southern California Real Estate Report we give an end of year report on where housing prices have landed. Home prices are falling but that might be a good thing because a changing market means opportunity. Interest rates are also gaining at a slower pace. See referenced article below: https://www.sandiegouniontribune.com/business/story/2022-12-28/san-diego-home-price-drops-for-the-6th-month-sales-nose-dive
Removal of height-limit in the Midway neighborhood
December 23, 2022 18:52 - 10 minutes - 15 MBToday on the Southern California Real Estate Report we give an update on the Sports Arena. Voters approved height-limit removal, which will hopefully give way to the redevelopment of the Sports Arena. But the Midway project still faces challenges ahead, especially with environmental groups. The project is led by Zephyr, Chelsea Investment Corp. and Legends. Article referenced: https://www.costar.com/article/1927322619/san-diego-voters-approve-height-limit-removal-allowing-for-redeve...
Mira Mesa Update
December 09, 2022 11:34 - 13 minutes - 18.3 MBToday on the Southern California Real Estate Report we talk about the newest plan for Mira Mesa. Mira Mesa will undergo a lot of change in the future if all goes to plan. The idea is that the neighborhood becomes a more densely populated, richer community with more community resources, like grocery stores and shops. To learn more see below: https://sdtoday.6amcity.com/mira-mesa-redevelopment-plan
Housing market is softening
December 02, 2022 03:00 - 13 minutes - 18.6 MBToday on the Southern California Real Estate Report we talk about how San Diego home prices are dipping and it shows a softening of the market. Lack of consumer confidence and high interest rates are among the biggest culprits. But the number of homes for sale in San Diego is decreasing, which is putting the market at a standstill. Homeowners have little incentive to sell if they have locked in a low mortgage rate. Referenced article below: https://www.sandiegouniontribune.com/business/...
NAVWAR goes on the market
November 24, 2022 03:00 - 12 minutes - 16.8 MBToday on the Southern California Real Estate Report we talk about the NAVWAR property. The Navy wants to lease out the NAVWAR property on a 99-year ground lease. The Navy is looking for a replacement property that is "in kind" to move its operations to. The property offers significate opportunity for redevelopment and could end up being a major housing community in the future. Navy puts 70-acre NAVWAR property in San Diego’s Midway District on the market (pacificcoastcommercial.com)
Redfin's ibuyer program is in trouble
November 18, 2022 03:00 - 10 minutes - 14.9 MBToday on the Southern California Real Estate Report we talk about what is happening to ibuyer programs. Redfin is laying off staff and unloading Real Estate bought by their ibuyer program. Real Estate and tech has always been hard to mix because Real Estate knowledge and evaluation takes a lot of market knowledge and understanding of trends. TO learn more follow the link below: https://www.geekwire.com/2022/redfin-to-cut-13-of-workforce-and-shut-down-home-flipping-business-redfinnow/
Update on Seaport Village
November 11, 2022 03:00 - 11 minutes - 15.4 MBToday on the Southern California Real Estate Report we talk about the plan to renovate Seaport Village. The next step to get this project off the ground is an environmental review which could take a few years. The project, 1HWY1, has undergone many iterations over the years but support to push the project forward is a good sign for things to come. The hope is the redevelopment of Seaport Village will bring more life into the area. New hotels are being proposed, as well as open space, dock...
Doug Manchester wants to develop a new hotel near Seaport Village
November 04, 2022 02:00 - 9 minutes - 12.6 MBToday on the Southern California Real Estate Report we talk about the newest hotel project proposed in Seaport Village. Doug Manchester wants to leave a legacy and what a better legacy to leave than a 36-story, 1,150-room hotel. The hotel is planned to be a luxury hotel and the Manchester Group plans to distinguish itself from other hotels because it will have an additional 100,000 square feet of meeting and event space. However financing is an issue and it will be a costly project to fin...
SDSU picks an apartment developer for its Mission Valley campus
October 28, 2022 02:30 - 14 minutes - 20.6 MBToday on the Southern California Real Estate Report we talk about the developer chosen by SDSU to build the apartments on its Mission Valley campus. The developer is AvalonBay. AvalonBay is a well known developer of Multifamily properties throughout the country. They will build 600 units and 30,00 square feel of retail. This project is just one of many projects that will make up the new Mission Valley campus, which includes the new stadium called Snapdragon Stadium. Article referenced f...
Del Mar apartment development
October 21, 2022 02:00 - 13 minutes - 19 MBToday on the Southern California Real Estate Report we talk about the bluff site above Del Mar dog beach. The site was originally planned to be a hotel but is now being proposed to be a 259 unit apartment complex. The project is called Seaside Ridge and will offer a significate amount of low income and middle income housing. To learn more click on the article below: https://www.sandiegouniontribune.com/business/story/2022-10-18/proposed-del-mar-development-would-bring-259-new-apartments
Riverwalk transformation
October 14, 2022 02:00 - 24 minutes - 33.9 MBToday on the Southern California Real Estate Report we talk about the Hines development project that is going to transform the Riverwalk golf club and area around Mission Valley. The development will be a mix of office, a hotel, apartments, retail and open space. Link to development page Article referenced for this podcast: https://www.sdbj.com/featured/epic-riverwalk-project-kicks-off-in-mission-valley/
When office projects need a boost, call in a famous restaurateur
October 07, 2022 02:00 - 10 minutes - 14.8 MBToday on the Southern California Real Estate Report we talk about how a office developer Longfellow is partnering with celebrity chief Richard Blais to add a culinary experience to the Sorento Valley office submarket. The restaurant will be named California English and will serve up English style food with a California flare. The hope is that the addition of a modern, sit-down, restaurant will bring life to the office project and make people travel to the Sorento area for the experience of...
Luxury home market takes a hit
September 30, 2022 02:00 - 11 minutes - 16.2 MBToday on the Sothern California Real Estate Report we talk about the luxury home market. -The luxury home market sales are down -The change shows a weakening in the market - San Diego had the 4th highest drop in luxury sales from June to August, according to the Union Tribune article Below is the article referenced for this podcast. https://www.sandiegouniontribune.com/metering/dss/amp-subscriptions.html?a=login&rId=amp-frSsmQjy4a7QAYuKn5gHpQ&return=https%3A%2F%2Fcdn.ampproject.org%2Fv...
Midway Rising is the winner
September 16, 2022 02:00 - 11 minutes - 16 MBToday on the Southern California Real Estate Report we talk about the Sports Arena redevelopment project. After many months and much deliberation the project know as Midway Rising will redevelop the Sports Arena. The development offers a significant amount of affordable housing units, more than the other developers, which was why the City Council liked the plans over the others. The project will also offer a 200 room hotel, market rate units, open space and a 16,000 seat arena. Fo...
Parking, how much do we need it?
September 09, 2022 02:00 - 15 minutes - 21.9 MBToday on the Sothern California Real Estate Report we talk about parking. How important is it that parking is offered at properties? Will lack of parking drive, pun intended, people to take more public transportation? Will developers build more housing units if they don't need to fulfill a parking requirement? We talk about this questions and more in this weeks podcast. Article reference for this podcast: https://www.sandiegouniontribune.com/columnists/story/2022-09-02/column-parking-n...
New downtown San Diego apartment building
August 26, 2022 02:00 - 12 minutes - 16.6 MBToday on the Southern California Real Estate Report we talk about the new apartment building, called The Lindley, that is currently being developed by Toll Brothers and PGIM Partner. The project is a 37-story, 422-unit luxury apartment complex Designed by Joseph Wong Design Associates It will be LEED certified Gold article referenced: https://www.multihousingnews.com/toll-brothers-pgim-partner-on-san-diego-development/
Update on single family housing prices
August 19, 2022 01:45 - 14 minutes - 20.3 MBToday on the Southern California Real Estate Report we talk about the rising interest rate environment and how home prices are declining. The housing market is still heated, but the air is being let out of the balloon a bit and we think its a good thing. Homes are staying on the market longer, price reductions are happening and people are less willing to overpay for housing. Todays article that was referenced is: https://www.lajollalight.com/news/story/2021-09-22/san-diego-county-median-...
Mira Mesa
August 12, 2022 22:00 - 14 minutes - 20.5 MBToday on the Southern California Real Estate Report we look at the neighborhood of Mira Mesa. Mira Mesa hasn’t always had the best reputation… in fact in the 1970’s it was criticized for its urban sprawl. Today Mira Mesa is getting a planning facelift. The City of San Diego is hoping that updating the city plan will take Mira Mesa from a suburban neighborhood to a more urban one. Article referenced: https://www.sandiegouniontribune.com/columnists/story/2022-08-10/column-mira-mesas-p...
Recreation in Real Estate
August 06, 2022 01:00 - 11 minutes - 16.5 MBToday on the Southern California Real Estate Report we talk about two recreation style project happening in North County San Diego. One is a surf lagoon and resort the other is a mountain biking parking that is part of Veterans Memorial Park. The two projects offer more attractions to San Diego and more outdoor fun. Articles referenced are the following: Oceanside approves artificial surf lagoon resort for old drive-in theater property - The San Diego Union-Tribune (sandiegouniontribune....
Apple expands San Diego office presence
July 29, 2022 02:00 - 10 minutes - 14.4 MBToday on the Southern California Real Estate Report we talk about the new office campus that Apple is moving into in Rancho Bernardo. Apple is already in this sub market and believes that many of the high level talent the will work for the company will also be interest in living in the area. Apple has been in San Diego for over 10 years, however the move to this campus office space is showing a real commitment to the San Diego area. Below is the article we referenced for this podcast h...
San Diego housing gets some good news
July 29, 2022 01:54 - 11 minutes - 15.3 MBToday on the Southern California Real Estate Report we talk about how San Diego's program to build more housing around transit centers has become a success. It is being adopted by the State of California. Learn our opinion of this program is this weeks episode. https://www.msn.com/en-us/money/realestate/opinion-san-diego-s-affordable-housing-policy-is-working-now-it-s-being-extended-statewide/ar-AAZKdtc?ocid=entnewsntp&cvid=58120426c1434f77bf2e9c375e6ec3d9
New renters a paying more than ever
July 16, 2022 00:31 - 15 minutes - 21.6 MBToday on the Southern California Real Estate Report we talk about a new study from the Bureau of Labor Statistics that shows a growing gap between new renters and existing renters. In current market conditions new renters are paying a lot more to rent that same units compared to renters that have been have lived in the same place for a period of time. There appears to be more movement in the market as things shift from pandemic days. "data show gap among new and existing renters." Union T...
New apartments coming to Kearny Mesa
July 08, 2022 01:30 - 10 minutes - 14.4 MBToday on the Southern California Real Estate Report we talk about a new multifamily property in the Kearny Mesa Area of San Diego. The project will be 531 apartment units that we be in the area known as the Convoy District. Its location is where the old Dixieline was located. It will add much needed residential units to an area that over the years has turned into a central bustling community. Project will add 531 apartments to San Diego's Convoy District — where there are none today - The...
Luxury Apartment Complex
July 01, 2022 01:40 - 8 minutes - 11.7 MBToday on the Southern California Real Estate Report we talk about a new luxury apartment complex in Little Italy. The Developer, Toll Brothers Apartment Living, broke ground on a 22 residential units luxury apartment complex. The building will be 37-story of for rent units. Article referenced: Toll Brothers Breaks Ground on 37-Story Luxury Apartment Complex in San Diego’s Little Italy - The Registry SoCal Real Estate News
How will San Diego handle a market crash?
June 24, 2022 01:45 - 15 minutes - 20.7 MBToday on the Southern California Real Estate Report we look which markets might do better in a market crash. Predicting the further is often saved for economist but even they don't have all the answers. Good news is San Diego is predicted to fair well if a housing market crash happens. San Diego's low housing supply is one factor to consider Article referenced: https://www.mpamag.com/us/mortgage-industry/market-updates/real-estate-crash-which-markets-will-survive/408536?Region=United+St...
Low income housing might get a boost
June 17, 2022 01:30 - 15 minutes - 21.6 MBToday on the Southern California Real Estate Report we talk about the 30 foot building height limit set in many coastal areas of San Diego and how a low income housing project might break that height restriction. A project in Pacific Beach called the Rose Creek Apartments, got the OK from the California's Department of Housing and Community Development to build above the 30 foot limit. Its still a long way off from breaking ground and we do not know what amount of community opposition it w...
Uncertainty in the housing market
June 10, 2022 01:30 - 13 minutes - 18.9 MBToday on the Southern California Real Estate Report we talk about the uncertain housing market. We are starting to see some signs of chances in the housing market. Homes are sitting longer, home prices are not getting bid up as much and buyers are not rushing into making quick home buying decisions like they were only 2 months ago. While the market is still hot, a cooling effect is starting to take place. Today we referenced two articles: https://fox5sandiego.com/news/local-news/san-die...
Sports Arena update
June 03, 2022 01:30 - 10 minutes - 14.3 MBToday on the Southern California Real Estate Report we talk about the latest news on Sports Arena. There are three projects on the table: Midway Rising by Chelsea Investment Corp Town Home SD by Monarch Group & Midway Village + by BRIDGE Housing, Toll Brothers, and Revitate. All three are strong contenders but the City is favoring Midway Rising because it has the most affordable housing. The Short List for Sports Arena Is Back | Voice of San Diego
Home prices hint 1M in San Diego
May 26, 2022 13:30 - 11 minutes - 16.2 MBToday on the Southern California Real Estate Report we talk about the rising cost of owning a home. Median home prices reached 1M. This rise in home prices is causing a rise in rent prices Article referenced: Home Prices Reach a Mind-Blowing $1M | San Diego Business Journal (sdbj.com)
Chula Vista Bayfront project takes shape
May 20, 2022 13:00 - 9 minutes - 13.4 MBToday on the Southern California Real Estate Report we take about the new hotel and convention center in Chula Vista. It just got approved by the City of San Diego and is expected to take 3 years to build. The project is on more than 500 acres of land and industrial property. This project has been in the works for years and has undergone many iterations and financing troubles along the way. This will be the first luxury resort in South County. Article referenced: https://www.sandieg...
Inflation
May 13, 2022 02:00 - 11 minutes - 16.4 MBToday on the Southern California Real Estate Report we talk about inflation. More specifically we talk about how rising cost of goods is becoming a problem for San Diegans. Rent is not the only thing that cost more, along with gas, food cost have also risen. As inflation makes living in San Diego more expensive the question becomes will people continue to be able to live in our City? We talk about this and more on this weeks episode.
Interest rates and more
May 06, 2022 14:47 - 17 minutes - 24.3 MBToday on the Southern California Real Estate Report we talk... We talk about interest rates, we talk about the housing market and the rental market. We talk about how hard it is to find deals that just make sense. And as we talk, we offer some insights into what we are seeing as the boots on the ground, as the property managers, the construction managers and brokers.
Airport transit
April 29, 2022 02:00 - 9 minutes - 13 MBToday on the Southern California Real Estate Report SANDAG has a new plan to get people to and from the airport. The new plan hopes to deliver the project sooner than previous plans. The new faster transit connection plan will not include a Grand Central Station at NAVWAR. The new hub will be on a 13-acre piece of land of Pacific Highway and will include both above ground and below ground transit lines.
What is happening to office?
April 22, 2022 02:00 - 18 minutes - 25.6 MBToday on the Southern California Real Estate Report we look at the office market. There is 243 million square feet of office leases set to expire in 2022. That is 11% of the total office space leased today. The pandemic has changed office space forever. More people have the flexibility to work from home. This means that office users have changing space needs. While the office market still has legs, owners of office space will need to get creative to keep office tenants happy. Article re...
Rent growth for apartments hits new highs
April 15, 2022 02:32 - 15 minutes - 21.8 MBToday on the Southern California Real Estate Report we talk about San Diego rent growth. We ask the question how high is too high for apartment rents? We look at the affordability of San Diego compared to other California markets. The year over year rent growth in San Diego was up 13.9% at the end of the first quarter. The article we referenced can be found by clicking the following link: https://www.costar.com/article/1297403833/san-diego-apartment-rent-growth-trends-at-record-high
Interest Rates
April 08, 2022 02:30 - 10 minutes - 13.9 MBToday on the Southern California Real Estate Report we talk about the changing and rising interest rates. There is no way around it, we are in an inflationary period. Interests rates are rising and they are expected to continue to rise the rest of the year. Right now, Real Estate pricing does not seem to have caught on to the trend, as prices are still high, however even in San Diego things will start to change. The question is, when and how much? Listen today to learn more.
Angles Landing- a new project coming to downtown Los Angeles
April 01, 2022 02:00 - 10 minutes - 14.4 MBToday on the Southern California Real Estates Report we take a look at our neighbors towards the North... Los Angeles that is. Angles Landing is a new multi-family, condo, retail, high rise that will change the skyline of LA. The project in estimated to cost $1.6 billion. It will be 63 stories high. The project is projected to be completed by the Summer Olympics that are going to be held in LA in 2028. Article referenced: https://www.sandiegouniontribune.com/news/california/story/2022-...
Micro Units
March 24, 2022 13:30 - 14 minutes - 20.4 MBToday on the Southern California Real Estate Report we talk about a new multi-family project in North Park that is all micro units. The units will be between 400 and 600 square feet and the building will have some amenities for tenants but limited parking. The project sits in an "L" shape around the famous San Diego Chickens Pot Pie Shop. Micro units are a bit of a trend in the development world Units are more affordable in this price because they cost less to develop. Article reference...
San Diego is losing money on expired leases
March 18, 2022 03:00 - 20 minutes - 28 MBToday on the Southern California Real Estate Report we talk about a new audit that does not look favorable on the way the City of San Diego handles its Real Estate assets. Nearly 25% of the City's leases are expired. This means the City is not renegotiating those leases at current market rents which is depriving the City of additional rental income. The City is also not inspecting their properties making them unaware of of how the properties are running and maintenance problems that might ...
A new Vision for Seaport Village
March 11, 2022 03:00 - 16 minutes - 22.9 MBToday on the Southern California Real Estate Report we talk about a new look for Seaport Village. At a estimated cost of $3.5 Billion the project promise to bring new life to the area with new hotels, shops, restaurants, offices, docks ,a beach and more. The developer is 1HWY1 run by Yehudi Gaffen, along with Jeff Jacobs of the Jacobs family and Jeff Essakow. Find out more about our thoughts on this project in this weeks episode. Article referenced from The Union Tribune Titled Mega plan...