Commercial Real Estate Update from Sixty Minutes

Sixty Minutes has an informative report on commercial real estate and the post-pandemic office markets in major cities.

Boomers Not Selling

   

This article explains why boomers are not downsizing and selling their homes.

Apartment Renters

 

CNN has a report on apartment renters who are getting tapped out. 

Restaurants and Retailers Deciding to Close Locations with High Crime

 

This is a very sad sign of the times - In-N-Out Restaurant to Close Up in Oakland. National retailers typically invest close to 2 million dollars for a state-of-the-art fast-food restaurant.  Obtaining the permits for a restaurant site with multiple curb cuts and drive-through lanes can be a very time-consuming task because it impacts the traffic flow in the area.  For a national retailer to walk away from a modern, profitable location due to crime and employee safety indicates a very serious problem.  We are also seeing this in San Diego with Target opting out of a downtown San Diego location. 

San Diego Insurance Premiums Increasing in 2024

 

Channel 8 News reports higher insurance premiums being rolled out in 2024 for many homeowners in San Diego County. 

Insurance Rates in 2024 Increasing in San Diego