Fire Risk Looms Large For San Diego County
November 15, 2018

Fire Risk Looms Large For San Diego County

The wildfires raging across California this fall are now considered the worst in the state's history. Major fire hasn't damaged the San Diego area this season, but the risk is still very high.

That risk was highlighted Wednesday, when spot fires broke out in Sorrento Valley. Structures were briefly threatened, ABC 10 News reports, but San Diego Fire was able to contain both blazes in a short period, with only about an acre…

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Owner-Users Eager For Small Industrial Properties

A free-standing 9,150 SF industrial building in Vista has sold to an owner-user for $1.79M. While it isn't a large deal, it is a record price for a sale of this type in Vista, according to Cushman & Wakefield San Diego.

The deal shows ongoing strong demand for this type of facility in the region, Cushman & Wakefield's Jeffrey Sallen said. "According to our tracking, the $195/SF price achieved on this property was higher than any previous owner-user sale on record…

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To Combat Shortage Of Industrial Workers, Prologis Internship Program Aims To Attract High School Kids

A high school internship gave Sandra Maksim the experience and motivation to pursue a career in the industrial sector.

When Maksim was a junior at Banning High School in Southern California, she participated in a program that gives high school kids an opportunity to take classes in job preparation and later intern at a local company in the industrial sector the summer before their senior year.

“I was 16 years old. They taught me how to dress, how to interview, how to network, how to present myself," said Maksim, 24, who is now an assistant operations manager at the Long Beach Container Terminal.

"I was a little shocked," Maksim said about the early job training experience. "But it's been amazing.”

As part of Prologis' new Community Work Initiative, the industrial giant has partnered with EXP, a Carson-based nonprofit that connects high school students to jobs, to create awareness and teach a new generation of workers about jobs in the industrial…

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As A Brexit Deal Hangs In The Balance, Investors Wait And See And U.K. Investment Volumes Fall Sharply

Britain knows what its Brexit deal would look like, but not whether that deal will be approved by Parliament. And continued uncertainty about the manner of the country's departure from the EU appears to be having an effect on the U.K. property investment market.

In spite of some huge deals, U.K. investment volumes for the third quarter fell by 27% compared to the same period last year, according to Datscha, the PropTech platform that shows ultimate ownership of commercial properties. Volumes in Q3 were £12.7B compared to £17.4B in Q3 2017.

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