Developer remaking Sorrento Mesa buildings into office condos
Two 1980s-era office buildings in Sorrento Mesa previously slated for demolition will instead be repurposed as office condominiums by a developer looking to try something different in a depressed commercial real estate market.Los Angeles-based Abington Emerson Investments LLC has filed an applicatio
Will California’s low homeownership ever get fixed?
How can California improve its lowly homeownership rate? Maybe build fewer apartments.That’s a novel conclusion I drew from my trusty spreadsheet’s look at homeownership stats weighed against building permits data dating back to 1988 for the 50 states.The math shows that residential construction is
San Diego home price gains slow compared to rest of U.S.
San Diego home prices are still rising but at the slowest rate in years.In February, the San Diego metropolitan area’s home price increased 2.75% annually, said the S&P Case-Shiller Indices report released Tuesday. That’s the smallest increase since summer 2023 when rising mortgage rates sent a shiv
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