Strong Economic Fundamentals, Rent Growth Fuel Multifamily Sales
June 21, 2016

Strong Economic Fundamentals,
Rent Growth Fuel Multifamily Sales

Don't Miss Hines, Murphy Development, Gensler, Cypress Office Properties and many more at San Diego's Annual Office Forum!

Nearly half (49.3%) of San Diego's 3.2 million residents live in rental housing according to a new JLL multifamily report, which noted the average rent is $1,627/month and apartment occupancy is 97.6%. San Diego is one of the hottest apartment sales markets in the nation, with $2.6B in transactions last year, due to its strong multifamily fundamentals.

Bisnow caught up with JLL San Diego EVP Darcy Miramontes (pictured with her dog, Dash), who specializes in multifamily transactions, to learn why San Diego is a magnet for investors even as values escalate. She tells us multifamily investors are attracted by…

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Everything You Need To Know About San Diego Multifamily

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San Diego Awarded $20M In Damages For Qualcomm Stadium Site Pollution

Texas energy firm Kinder Morgan, which operates a 26 million gallon tank farm near Qualcomm Stadium, has paid the City of San Diego $20M to settle a nine-year-old lawsuit over underground pollution of the 166-acre city-owned site in Mission Valley. The…

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CohnReznick (Momentum) FILLER
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San Diego's Economy Among Healthiest In State, Nation

San Diego added 4,800 jobs in May, causing the unemployment rate to drop to 4.2%—the lowest rate in nearly nine years, the California Employment Development Department reported. Over the last year, San Diego added 32,200 jobs, which represents a 2.3% increase. The…

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5 Retailers On The Ropes

Amazon, of all companies, is bullish on brick-and-mortar—expanding into its third offline location. Here are some retailers that may not share Amazon's confidence (since the e-commerce giant has siphoned away their market share).

Click here for the full story.

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These Office Markets Saw Double-Digit Rent Growth Over The Past Year

The office market continued going strong through Q1, as the national vacancy rate declined 10 bps during the quarter to 12.6%, 100 bps lower than last year—and 80% of metros had stable or dropping vacancy rates. Here's a look at which cities have been the hottest for office over the past year, according to Colliers' Q1 Office Market Outlook.

Click here for the full story.

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Seattle Sales Rep Needed: $3k Referral Fee

Quick: name a beloved, caffeine-charged Seattle institution that is famous for its highly regarded brand, amazingly adept employees and its legendary sales numbers. Of course, if you guessed Bisnow, you are absolutely correct. Now Bisnow is ground-roasted into Seattle culture, we are looking for a grande-sized outside sales rep with three to five years' experience who can do a little coffee talk with the clients. Clients are totally addicted to us, since we're the largest commercial real estate platform in North America. We are ready to offer the job java jolt of a lifetime: an extremely competitive base and commishfull healthcare benefits, and the chance to say, without irony, “coffee is for closers.” Know anyone? We're listening. If we hire them, you get three grand. That's a lotta lattes. For more information, contact Javier at Javier@bisnow.com.

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Bisnow Annual Multifamily And Mixed-Use Conference

With trends like micro-units, sky-high pricing and recession fears (that counts as a trend, right?) ramping up in the multifamily sector, Bisnow is staying ahead of the game. Our upcoming super-regional multifamily and mixed-use conference will feature legends like TruAmerica CEO Bob Hart and MacFarlane Partners CEO Victor MacFarlane giving their take on the apartment of the future, the ever-expanding importance of mixed-use communities, how to weather a coming recession and much more.

Click here for more info and pricing.

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San Diego 06.23.2016
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San Diego's Annual Office Forum
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Pete Garcia
IDEA Partners
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​Gensler
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Hines
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San Diego 07.28.2016
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San Diego's Annual Construction & Development Forum
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Charles Tourtellotte
LaTerra Development
Brad Termini
Zephyr Partners
Tony Ditteaux
Trammel Crow Residential
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