San Diego Business News
Finance
Jack in the Box Sells Del Taco Chain for $115 Million
News Summary Jack in the Box has sold its Del Taco chain to Yadav Enterprises for $115 million as part of a strategy to focus on its core brand. This...
Jack in the Box Sells Del Taco for $115 Million
News Summary Jack in the Box is divesting its Del Taco chain, selling it for $115 million to Yadav Enterprises as part of its strategy to improve financial performance. This...
San Diego County Home Prices Decline for the First Time
News Summary San Diego County’s median home price dropped to $889,500 in August, marking a 1.2% decrease from the previous month. Despite a slight increase in home sales to 2,439,...
San Diego Home Prices Decline for Third Month
News Summary San Diego is witnessing a continual decline in home prices, dropping by 0.66% annually in July, marking the third consecutive month of decreasing values. This trend is concerning...
San Diego Community Power Launches $55 Million Solar Incentive Program
News Summary San Diego Community Power has introduced a groundbreaking $55 million initiative to enhance energy resilience through solar-plus-battery installations. This program aims to support customers with rebates for installing...
San Diego Considers Independent Electric Utility Proposal
News Summary An independent study suggests that a city-operated electric utility in San Diego could save residents billions compared to the current provider, SDG&E. The analysis claims a potential 20%...
San Diego County Unemployment Rate Declines Slightly
News Summary San Diego County’s unemployment rate fell to 5% in August, down from 5.2% in July. Despite the decrease, the rate is still higher than both the national average...
San Diego to Increase Valet Parking Fees, Impacting Businesses
News Summary San Diego is poised to significantly raise valet parking fees as part of a parking reform initiative aimed at addressing a budget deficit. The proposed tiered fee structure...
Gas Prices Rise in San Diego County
News Summary Gas prices in San Diego County have reached an average of $4.699 per gallon, marking the highest price since June 2022. Over the last month, prices have increased...
Construction
Shea Homes Recognized as Builder of the Year
News Summary Shea Homes has been awarded the prestigious Builder of the Year title by the Building Industry Association of San Diego for their Amplitude townhome development. The project, part...
San Diego’s Midway Rising Project Set for Review
News Summary San Diego is preparing for a major redevelopment with the Midway Rising project, which includes plans for a new arena, thousands of apartments, and retail spaces. The initiative...
San Diego Promotes Factory-Built Housing to Tackle Crisis
News Summary San Diego city officials are introducing factory-built apartment complexes to address the local housing crisis. This innovative construction method aims to reduce costs and speed up housing availability,...
Surge in San Diego Commercial Real Estate Investments
News Summary San Diego’s commercial real estate market is experiencing a notable increase in investment activity, despite fluctuating vacancy rates. Recent transactions highlight a vibrant office market with significant sales,...
San Diego to Transform Old Library into Affordable Housing
News Summary San Diego’s City Council has approved plans to redevelop the vacant old Central Library into affordable housing as part of a broader initiative to address local housing shortages....
Dexcom Announces Layoffs Impacting 350 Employees
News Summary Dexcom, based in San Diego, has announced layoffs affecting 350 employees, equating to 3% of its workforce. The move is part of a restructuring strategy focused on enhancing...
Transformative Midway Rising Project Planned for San Diego
News Summary The Midway Rising project will reshape San Diego with a new 16,000-seat stadium, affordable and market-rate housing, retail spaces, and public parks. Developed by Chelsea Investment Corporation, Legends,...
San Diego Proposes Major Zoning Law Changes
News Summary San Diego’s latest proposals for zoning law updates aim to enhance outdoor dining options, allow new housing developments, and tighten regulations on vacation rentals and cannabis signage. The...
San Diego Congress Members Warn of $2,400 Impact from Tariffs
News Summary San Diego Congress Members Scott Peters and Sara Jacobs raised concerns about the financial burden of nearly $2,400 on average households due to tariffs imposed by the Trump...
Real Estate & Properties
Del Mar Mansion Sets Record with $50 Million Sale
News Summary A mansion in Del Mar has achieved a new real estate milestone by selling for $50 million, surpassing the previous San Diego County record of $47 million. Initially...
San Diego County’s Luxury Real Estate Rankings Drop
News Summary San Diego County has fallen in the PropertyShark rankings of the 100 most expensive ZIP codes, now standing at six to five. Rancho Santa Fe leads the county...
San Diego Transit Hub Overhaul Aims to Address Housing Crisis
News Summary San Diego is embarking on a major transformation of the 12th & Imperial Transit Hub, including renovations and a six-story residential building with affordable units. This initiative seeks...
Shea Homes Recognized as Builder of the Year
News Summary Shea Homes has been awarded the prestigious Builder of the Year title by the Building Industry Association of San Diego for their Amplitude townhome development. The project, part...
San Diego County Home Prices Decline for the First Time
News Summary San Diego County’s median home price dropped to $889,500 in August, marking a 1.2% decrease from the previous month. Despite a slight increase in home sales to 2,439,...
San Diego Unveils Progress Park Along Waterfront
News Summary San Diego has opened Progress Park, a new 1.5-acre waterfront space aimed at enhancing community engagement. The park complements the adjacent RaDD project, featuring ample lawn areas and...
San Diego Home Prices Decline for Third Month
News Summary San Diego is witnessing a continual decline in home prices, dropping by 0.66% annually in July, marking the third consecutive month of decreasing values. This trend is concerning...
San Diego’s Midway Rising Project Set for Review
News Summary San Diego is preparing for a major redevelopment with the Midway Rising project, which includes plans for a new arena, thousands of apartments, and retail spaces. The initiative...
San Diego County Home Prices Stagnant Amid Low Sales
News Summary In San Diego County, the median home price remains steady at $900,000 for the fifth consecutive month amid a significant decline in home sales. In July, only 2,357...
Marketing
Spring Valley Plumbing Contractor Fined for Fraud
News Summary Daniela G. Birdwell, owner of GPS Plumbing in Spring Valley, was fined $1,030,062 for underreporting workers’ compensation payments. Following an audit by the State Fund, discrepancies in worker...
The Shipyard Expands to San Diego with New Headquarters
News Summary The Shipyard, a successful advertising agency, has officially opened its new headquarters in San Diego, California. Led by new managing partner Tammy Haughey, the agency aims to enhance...