Hat tip to Rick the Tuna! With 140 empty shops in the borough, council bosses think they have come up with a unique way of ensuring shopping areas remain as vibrant as possible. The first empty shop unit to be given a makeover with a "flat pack" shop front is in...
From today's U-T (thanks Kwaping!): http://www3.signonsandiego.com/stories/2009/oct/07/regions-commercial-real-estate-vacancies-foster-em/?business&zIndex=178474 An excerpt: San Diego's office market reached the 20 percent vacancy rate for the first time in 16...
hat tip to BB for sending along this article, from the FT: http://www.ft.com/cms/s/0/4040006c-a2f9-11de-ba74-00144feabdc0.html?nclick_check=1 The Federal Reserve is reviewing banks’ exposure to commercial real estate, the troubled sector whose slide poses a risk to...
From sddt.com: A new report concludes the level of commercial loan defaults accelerating, but whether that means a surge of commercial foreclosures in San Diego depends on who is assessing the data. Nationally, the Deutsche Bank report noted more than $2 trillion...
