San Diego Restaraunt Week is Back...For Lunch Too! - 01/24/12 10:24 PM

Twice annually, restaraunts all over San Diego open their doors (and menus) to San Diego Restaurant Week and folks, it's here again. But, this time around they've added a little something different to the line-up: Lunch!
That's right, lunch! I love it. Of the 180 restaurants participating this year a chunk of them have created a prix-fixe, two course menu for lunch time visitors. These menus range in price from $10, $15, or $20 depending on the restaurant. I've perused some of the lunch offerings of some of our very own Downtown San Diego eateries and let me say, they … (0 comments)

The Chargers Plan for New Stadium in Downtown San Diego Delayed - 01/24/12 10:22 PM

The plan of having The Chargers in the East Village/Ballpark District in Downtown San Diego has moved closer to an agreement but the possible project might not happen until the spring of 2013.
The Chargers have decided not to break its lease with the City of San Diego this year as it would cost them about $24 million. For each year that passes all the way up to 2020, the Chargers would be able to relocate by paying a fee to the city that decreases with about $2 to $3 million a year.
There have been discussions about if The … (1 comments)

Downtown San Diego Real Estate Update - 01/24/12 10:21 PM
Here is some great information on what is going on with the Downtown San Diego Real Estate market where the graph above is showing us how many Downtown San Diego Condos and Downtown San Diego Lofts that were sold in October compared to November 2011. There were 61 sales for the month of November with 82% of them selling under $500,000. However, we did have 3 sales over $2,000,000 this month in Downtown San Diego which helped increase the average sale price for the month to $457,491. This is up 15% over the last month. Cash sales were also strong accounting for … (0 comments)

Jerry Seinfeld at the Civic - 01/24/12 10:19 PM
Downtown San Diego's Civic Center, located in the Core District, has received a lot of press over the years with public opinion of whether or not money should (or even can) be allocated to it's redevelopment. Regardless of this ongoing debate, the Civic continues to offer residents of Downtown San Diego and beyond some great entertainment.
This Saturday, January 7th, Jerry Seinfeld will be in town with a live stand up comedy show at the Civic. How fun would that be to hear his take on life these days?! I mean, if we can't get any new episodes of Seinfeld on … (2 comments)

Downtown San Diego's Major Building Projects - 01/24/12 10:18 PM

The San Diego Union Tribune recently wrote about major Downtown San Diego building projects that either already started construction or some that are planning to. Either way...many different projects are in the plan and the total amount for all the major projects goes up to a cost of $13.4 billion where all of the projects are planned to be finished no later than 2016.
Below is a list on the projects included;
University Towne Centre expansion — Westfield $2.2 billion Downtown San Diego Library — $2.8 billion Plaza de Panama, Balboa Park — $1.5 billion Altman Clinical and Translational Research … (0 comments)

The Quiet Zone Project has Been Delayed - 01/24/12 10:16 PM

 
The so longed for completion of the Quiet Zone Project in Downtown San Diego is not going to be finished as planned. The CCDC (Centre City Development Corporation) announced that the project will take longer due to difficulties related to transitioning to new train signaling, timing and safety systems.
The Quiet Zone Project was supposed to be completed in March 2012 and many Downtown San Diego Condo home owners in nearby complexes such as Bayside, The Grande, Breeza, Treo and Electra are concerned about the delay as the new completion is set for late Spring 2012.
To read more … (0 comments)

Big Plans for San Diego Bay - 01/24/12 10:15 PM

The San Diego Bay right outside Downtown San Diego is usually a very peaceful place with not too many activities going on. Of course you have the Hornblower Cruises, private sail and motor boats, the cruise lines and other vessels but it’s still a pretty quiet place to be.
New big plans are up for discussion on what could be a possibility to happen during 2012 and 2013. Lewis Siris, a New York based event planner, has a plan where the bay would be like a Las Vegas or Disney shaped place with sculptures in the shape of sea monsters … (0 comments)

Record Low Mortgage Rates - 01/24/12 10:12 PM

 
We are sure that you already know this, but we wanted to give you a broader overview of the historically low mortgage rates that have hit our real estate market over the past couple of weeks.
With a rate average that is below 4%, real estate transactions just keep getting cheaper when it comes to financing your purchase. These incredible rates afford first-time home buyers, real estate investors, and repeat or 2nd home buyers a perfect opportunity to buy in Downtown San Diego.
During the past 40 years, Freddie Mac has kept track of home loan interest rates; only … (0 comments)

Ongoing Major Projects in Downtown San Diego - 01/24/12 10:09 PM

 
Downtown San Diego is definitely a city with a lot of different projects going on at the same time and CCDC (Centre City Development Corporation) is the organization responsible for creating a livable Downtown community as well as planning for the future. CCDC is a public nonprofit organization acting on behalf of the Redevelopment Agency of the city.
We always suggest visiting the CCDC’s website for more information on the different ongoing projects in Downtown. Many Downtown San Diego Real Estate investors looking to buy a Downtown San Diego Condo or a Downtown San Diego Loft can get a … (0 comments)

Conditional Approval for San Diego Convention Center Expansion Project - 01/24/12 10:07 PM

A meeting was held Nov 29th, 2011 in Downtown San Diego where the San Diego Unified Port District gave conditional approval to help fund the proposed San Diego Convention Center Expansion Project located in the Marina District. They also mentioned that the Port may give up to $3 million a year for the next 20 years in contributions.
They also directed the Port District’s staff to begin negotiations with the City of San Diego to decided terms and conditions of support agreements. Another item on the list is to develop alternatives to address balancing needs and benefits in the Port … (0 comments)