PROPERTY: East Village Transformation to Create Tech, Design Hub
Lowe Enterprises and locally based I.D.E.A. Partners recently moved forward with plans to develop a $90 million mixed-use development in East Village, considered the first element in a long discussed strategy to turn the downtown neighborhood into a job-creating hub for cutting-edge technology and design firms.
TRAVEL: Good Signs Include Line’s Mexico Investment Plans
Local officials say potential future expansion in Mexico by Carnival Cruise Lines could prove crucial to reviving San Diego’s recently sagging cruise ship industry.
Real Estate Column
The latest figures from McGraw-Hill Construction show San Diego County 18 percent ahead of a year ago for construction projects in the pipeline.
BUILDING: A Process Called ‘Lean Construction’ Smooths Road to Renovation
Tenant improvements and site renovations have been crucial to the business enhancement efforts of local contracting companies over the past five years, as work assignments in new-construction projects remain tough to come by in San Diego County and elsewhere.
Tourism: Iconic Hotel Is Major Tourist Draw
The resident historian at Hotel del Coronado notes that the historic beachfront property — marking its 125th anniversary this year — not only put San Diego on the map as a national tourist destination, but also helped pave the way for the military presence that also drives the local economy.
REAL ESTATE: New Agency Will Address Plans For Redevelopment Needs
San Diego officials in coming weeks will be strategizing on ways to maintain development momentum downtown and elsewhere in the city, without the help of the California redevelopment agency program abolished by the state last year.
TOURISM: Plan Will Raise Area’s Profile as Tourist Draw
If it can clear some significant long-range hurdles, San Diego can turn its cross-border proximity to the growing city of Tijuana into a boon for the local hospitality industry, tourism and government leaders said at a recent forum in Mission Valley.
BUILDING: Firm Adds Workers To Handle Pre-Construction Jobs
Much of the work of Cumming Corp. is finished long before most of its clients’ construction projects begin sprouting from the ground. But an improving economy is spurring the San Diego-based company to brace itself to serve rising demand for its pre-construction project and cost management services.
PROPERTY: Tight Supply, Active Lenders, Hungry Investors Drive Sector
Lenders, investors and landlords continue to capitalize on San Diego County’s apartment fundamentals in the early months of 2013, with high demand and limited supply driving rents and property prices upward.
PROPERTY: Firm’s Focus Is on Renovation Of Existing Properties
When Pacifica Hotel Co. recently sold the 73-room Empress Hotel in La Jolla, company leaders said the sale would open up opportunities for the growth-focused firm to pursue new coastal hotel development deals.