Niche Property Spotlight: Why Build-to-Rent Communities Are Gaining Ground in California
The Emergence of a New Housing Category In neighborhoods across California, a quiet revolution in residential real estate is taking shape. Build-to-rent (BTR) communities—neighborhoods of new single-family homes and townhomes designed specifically for renters, not buyers—are capturing the attention of investors, developers, and housing-constrained residents alike. As traditional pathways to homeownership become increasingly difficult for […]
San Diego Multifamily: The Resilient Investment Opportunity in a Shifting National Landscape
How Supply Constraints, Economic Growth, and Demographics Create a Compelling Case for Multifamily Investment San Diego’s multifamily real estate market has emerged as one of the nation’s most resilient and attractive investment opportunities, characterized by a remarkable 52% increase in average asking rents over the past decade—significantly outpacing the national average of 38%. While many […]
Jimmy Silverwood: Don’t take no for an answer. All things affordable housing.
Welcome, everyone, to episode 26 of Offshoot. My guest today is Jimmy Silverwood, president of Affirmed Housing Group a San Diego-based affordable housing company that develops in San Diego, LA, and the Bay Area. Since their 1992 start, they have completed $2.8 billion in projects and created more than 5,500 apartments across 70 communities. The […]
Part 1: Josh Volen: Replace Yourself a Little Bit More Every Day
Welcome everyone to episode 25 of Offshoot. Today, my guest is Josh Volen the Principal and Co-founder of CIRE Equity, an $890MM NAVREIT. Josh graduated from Cal Berkeley then spent 6 years at Marcus and Millichap where he became one of their top brokers. In 2010 he started CIRE. From 2010 to 2019 their acquisition were […]
Hillcrest and University City Embrace Density and Zoning Reforms
San Diego City Council Approves Landmark Growth Plans San Diego’s City Council has approved ambitious growth plans for Hillcrest and University City, aimed at doubling the populations of these neighborhoods and transforming their urban landscape with high-rise buildings and enhanced transit access. These plans are critical in addressing the local housing crisis by encouraging higher-density […]
How Remote Work is Impacting San Diego’s Commercial Real Estate Landscape
The workplace has undergone a transformation with the widespread adoption of remote work, particularly in San Diego. Recent data from Pew Research Center says that 41% of the national workforce whose jobs allow for remote work now work remotely at least part of the time. Furthermore, a study by SANDAG found that the percentage of […]
Exploring Guarantor Types in Commercial Real Estate Financing
In the dynamic world of commercial real estate financing, understanding the different types of guarantors involved in securing financing is crucial for developers and investors. Each guarantor type carries distinct responsibilities, risks, and benefits, significantly impacting project success. This blog delves into the key types of guarantors and their importance in securing real estate financing. […]
Multifamily Insights: Why San Diego’s Cap Rates Remain Persistently Low, Defying National Trends
San Diego’s Multifamily Market Shows Little Signs of Cooling as Cap Rates Remain Compressed. Introduction While the real estate market in San Diego has seen significant transformations over recent years, some things remain the same, notably the persistently low cap rates. As of May 2024, major trades in the San Diego market average just 4.6%, […]
Beyond the Surge: What Makes San Diego’s Rental Market a Prime Investment?
San Diego’s multifamily real estate market has experienced an extraordinary surge over the past decade, characterized by a remarkable 57% increase in average asking rents, significantly outstripping the national average increase of 40%. Such impressive growth is a testament to San Diego’s real estate landscape’s robust demand dynamics and immense investment potential. While several other […]
Understanding Common ALTA Endorsements
ALTA endorsements can be a confusing piece of the closing process in commercial real estate. With that being said, they are incredibly important and often requested by lenders to ensure protection for not only the asset, but also the lender and the borrower. While there are around 150 different and very specific endorsements, the average […]
