San Diego Commercial Property News
New Fannie Mae COVID-19 Property Inspection Protocols
Fannie Mae's new Temporary Property Inspection Protocols states that mortgage servicers should work with their inspectors to follow the CDC guidance for safe interactions for entering any properties. When it is safe to do so, inspectors must make the best efforts to...
Office Property Crash 2020-2021
In August Moody's analytics forecasted office vacancy rate will hit a historic high of 19.9% in 2021, surpassing the 1991 record high of 19.7% to reach 19.9% in 2021 and 20.0% in 2022. The office sector is also projected to incur significant distress in effective...
San Diego Restaurants and Bars Struggle to Pay Rent to Commerical Property Landlords
The San Diego restaurant industry has been especially hit hard by the COVID-19 lockdowns and new purple tier restrictions, which have nearly shuttered their indoor operations due to Governor Gavin Newsom's new stay-at-home orders. On-site dining must stop, but...
San Diego County Approves $20 Million Fund for Local Businesses
San Diego County approved a new $20 million assistance fund intended to help local businessses hit hardest by the state lockodown orders which have shuttered indoor operations. County supervisors voted last week 5-0 in favor for the assistance fund for local San Diego...
Judge Rejects Lawsuit to Move San Diego Restaurants and Gyms Indoors
A San Diego County judge has rejected a lawsuit by local gym and restaurant owners in an attempt to override the state's COVID-19 emergency business lockdowns under the "purple" tier for pandemic closures. The purple tier allows only outdoor operations for businesses...
Commercial property owners hit hard by rising insurance rates
If the COVID-19 lockdowns weren't bad enough for commercial property owners who are having an extremely difficult time in collecting rents, now they have been hit with rising rates in both property and liability insurance, according to Property Casualty 360. The...
Credit Suisse suspends global commercial property fund
The uncertainty and volatility in the commercial mortgage-backed securities market by COVID-19 lockdowns are causing extreme havoc for investment firms like Credit Suisse. The firm just announced that its global SIX Swiss Exchange fund had been suspended immediately,...
San Diego Commercial Real Estate Report for December 2020
The San Diego Commercial real estate market is ending the 2020 year with some high profile deals and closings that may change the shape of the local property market. 1.IQHQ Closed on $1.7 Billion in Financing for Life Science Developments In September 2021, the Solana...
How much does a commercial property inspection cost?
The cost of a commercial property inspection will depend on several factors such as the size of the property, scope of the client's assessment, and reporting requirements. They can be ordered when purchasing and managing properties or specialty field...
Field Inspections for delinquent mortgages & foreclosures
U.S. Commercial Building Inspections of San Diego, California offers mortgage and foreclosure field inspections for residential and commercial properties. We work with private lenders, mortgage servicers and specialize in government-sponsored loans and bank-owned...
San Diego Research and Development District (RaDD): How it will transform the city
In September 2021, the Solana Beach-based real estate investment trust (REIT) company IQHQ completed the acquisition of 1.5 billion dollars of commercial property in the city of San Diego for its life science projects. The new massive development is called the 'San...
Commercial Real Estate Occupancy Rates Decline in November 2020
The U.S. commercial real estate sector has been dealt another death blow when it comes to the real data and numbers, which reflect the current market reality due to the COVID-19. There are tens of millions of square feet sitting vacant in thousands of empty commercial...
Housing Crash 2021
In March 2020, the U.S. experienced the coronavirus lockdowns that caused an economic shock to rock the nation. Businesses across the country were forced to shut down, resulting in millions of job losses. Since then, approximately 30-40 million Americans lost their...
The Worst Real Estate Markets to Invest for November 2020
When deciding when and where to buy and sell in real estate investing, it is paramount that you understand if the area you are looking in has a looming or current foreclosure crisis. The reason being is that a high number of foreclosures brings down neighboring...
Foreclosure rates up 20 percent for October 2020
The U.S. foreclosure rate in October 2020 witnessed a sudden jump, up 20 percent and bank repossessions surged 28 percent from the previous month. Mortgage lender foreclosure properties (REO) were also up 28 percent from last month, according to Attom Data Solutions'...
Join Our Newsletter
U.S. Commercial Building Inspections
619-514-4419
