San Diego Business News
Finance
Luxury Home Sales Slowdown in San Diego County
News Summary San Diego County is experiencing a significant slowdown in luxury home sales, with properties priced at $6 million and above taking considerably longer to sell compared to last...
San Diego Financial Experts Advise Investors to Stay Course Amid Market Volatility
News Summary Financial advisors in San Diego are urging investors to maintain a steady approach despite current market volatility and uncertainty. They emphasize the importance of managing emotions and focusing...
San Diego Home Prices Show Modest Increase Amidst Economic Concerns
News Summary The median home price in San Diego County has reached $900,000, showing a 1.1% increase from the previous month and a 2.7% rise year-over-year. Despite this rise, sales...
San Diego Residents Urged to Claim Unclaimed Funds
News Summary San Diego residents are encouraged to check for unclaimed funds totalling over $916,418 before the June 16, 2025 deadline. A recent city report identified over 800 individuals and...
San Diego Plans to Sell Homelessness Response Center for Affordable Housing
News Summary The City of San Diego has announced plans to sell the Homelessness Response Center (HRC) on Imperial Avenue to Father Joe’s Villages for developing a new 164-unit affordable...
San Diego Housing Market Faces Increasing Challenges
News Summary The San Diego housing market continues to challenge potential buyers as high home prices and a growing inventory complicate affordability. With median home prices at approximately $900,000, many...
Major Merger Between Two San Diego Credit Unions
News Summary San Diego County Credit Union and California Coast Credit Union have announced their plans to merge, creating a powerhouse with $13.5 billion in assets. This merger will retain...
California Coast Credit Union and SDCCU to Merge
News Summary California Coast Credit Union (Cal Coast) and San Diego County Credit Union (SDCCU) plan to merge, potentially creating a combined entity with nearly $13.5 billion in assets. This...
Transient Occupancy Tax Increase Planned for San Diego
News Summary San Diego is set to increase its transient occupancy tax (TOT) starting May 1, 2025. The current rate of 10.5% will rise to as much as 13.75% depending...
Construction
San Diego Advances Renewable Energy with Major Solar Projects
News Summary San Diego Community Power has approved two significant solar and battery storage projects, Pelican’s Jaw Solar and Purple Sage Energy Center, aimed at meeting its renewable energy goals....
San Diego to Close Homelessness Response Center for Housing Development
News Summary The city of San Diego plans to shut down its Homelessness Response Center in East Village to make way for a 164-unit affordable housing complex. Sold to Father...
Hanwha Philly Shipyard Plans to Expand Operations
News Summary Hanwha Philly Shipyard, recently acquired for $100 million, is set to expand operations to meet rising demands for military and cargo ships. The shipyard aims to acquire more...
Philadelphia Launches H.O.M.E. Initiative to Combat Housing Crisis
News Summary Philadelphia is introducing the Housing Opportunities Made Easy (H.O.M.E.) initiative, aiming to build and preserve 30,000 homes with an $800 million investment. The proposal addresses the city’s pressing...
San Diego to Welcome New Novartis Research Hub Worth $1.1 Billion
News Summary San Diego is set to welcome a $1.1 billion research hub from Novartis, creating nearly 1,000 direct jobs and 4,000 additional jobs nationwide. This investment is part of...
Real Estate & Properties
Carlsbad Renovation Merges Historic Charm with Modern Design
News Summary Andrew White’s recent renovation of a midcentury home in Carlsbad, California, successfully blends historic architectural features with modern design solutions. Emphasizing the preservation of the home’s charm, the...
Luxury Home Sales Slowdown in San Diego County
News Summary San Diego County is experiencing a significant slowdown in luxury home sales, with properties priced at $6 million and above taking considerably longer to sell compared to last...
San Diego Home Prices Show Modest Increase Amidst Economic Concerns
News Summary The median home price in San Diego County has reached $900,000, showing a 1.1% increase from the previous month and a 2.7% rise year-over-year. Despite this rise, sales...
San Diego to Close Homelessness Response Center for Housing Development
News Summary The city of San Diego plans to shut down its Homelessness Response Center in East Village to make way for a 164-unit affordable housing complex. Sold to Father...
Record Residential Sale Achieved in Rancho Santa Fe
News Summary A historic real estate transaction has occurred in Rancho Santa Fe, where a luxurious home sold for $17.5 million, making it the highest sale in San Diego County...
San Diego Plans to Market Old Central Library for Sale or Lease
News Summary San Diego City officials are moving forward with plans to sell or lease the old Central Library at 820 E Street, following a unanimous vote to designate it...
San Diego Plans to Sell Homelessness Response Center for Affordable Housing
News Summary The City of San Diego has announced plans to sell the Homelessness Response Center (HRC) on Imperial Avenue to Father Joe’s Villages for developing a new 164-unit affordable...
Port of San Diego Extends Negotiation for Former Navy Site
News Summary The Port of San Diego has approved an extension for negotiations on the development of the former Navy property at 1220 Pacific Highway. Developers LPP Lane Field LLC,...
San Diego Housing Market Faces Increasing Challenges
News Summary The San Diego housing market continues to challenge potential buyers as high home prices and a growing inventory complicate affordability. With median home prices at approximately $900,000, many...
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...
