San Diego Business News
Finance
San Diego Considers $267 Million Affordable Housing Plan
News Summary San Diego officials are deliberating a $267 million plan to redevelop the vacant 101 Ash Street high-rise into affordable housing. If approved, the lease would span 60 years,...
San Diego City Council Proposes Major Water Rate Increases
News Summary The San Diego City Council has proposed a staggering 62% increase in water rates over the next four years to mitigate rising water supply and infrastructure costs. This...
Amazon Refunds Customers for Sales Tax Overcharge in San Diego
News Summary Residents of Del Mar Heights, San Diego, are receiving refunds from Amazon for a sales tax overcharge caused by a miscalculation of local tax rates. The issue was...
San Diego’s Bold Move for Affordable Housing at 101 Ash St.
News Summary San Diego is negotiating with 101 Ash Venture LP to transform the vacant 101 Ash St. office building into 247 affordable housing units. The complex deal requires City...
San Diego Sees Significant Decline in Venture Capital Funding
News Summary San Diego experienced a 46% drop in venture capital funding in the first quarter, raising concerns about the startup ecosystem in the region. Despite a total of $993...
Trust & Will Launches AI-Powered Estate Planning Platform
News Summary Trust & Will has introduced EstateOS, an innovative AI-driven estate planning platform designed to simplify the creation of estate documents. Founded in 2017, the company has already assisted...
San Diego Introduces Credit Card Fees for Parking Meters
News Summary San Diego has approved new credit card transaction fees for parking meters to tackle a $300 million budget deficit. The measures include raising meter rates to $2.50 per...
San Diego Approves Initiative for Affordable Housing at 101 Ash St
News Summary San Diego city leaders are advancing a major initiative to convert the 101 Ash St. office tower into affordable housing, approving a $250 million proposal for low-income families....
San Diego to Lease 101 Ash St. Office Tower for Affordable Housing Development
News Summary San Diego plans to lease the vacant 101 Ash St. office tower for a 60-year ground lease aimed at creating affordable housing for low-income families. The initiative involves...
Construction
Kevin Faulconer Appointed President of Lincoln Club Business League
News Summary Former San Diego Mayor Kevin Faulconer has been appointed as the new president and CEO of the Lincoln Club Business League. With a focus on job creation and...
San Diego Designates City Operations Building for Redevelopment
News Summary San Diego’s Land Use and Housing Committee has designated the City Operations Building at 1222 First Ave. as surplus, allowing for potential sale or lease. The move aims...
San Diego to Lease 101 Ash St. Office Tower for Affordable Housing Development
News Summary San Diego plans to lease the vacant 101 Ash St. office tower for a 60-year ground lease aimed at creating affordable housing for low-income families. The initiative involves...
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
San Diego Considers $267 Million Affordable Housing Plan
News Summary San Diego officials are deliberating a $267 million plan to redevelop the vacant 101 Ash Street high-rise into affordable housing. If approved, the lease would span 60 years,...
San Diego Home Sales Decline Amidst Rising Mortgage Rates
News Summary San Diego’s home sales dropped by 9% in May compared to last year, reflecting a national trend of decreasing home sales. The median home price stabilized at $900,000,...
San Diego’s Bold Move for Affordable Housing at 101 Ash St.
News Summary San Diego is negotiating with 101 Ash Venture LP to transform the vacant 101 Ash St. office building into 247 affordable housing units. The complex deal requires City...
Innovative Solutions for Mid-Century Homes in San Diego
News Summary Homeowners in San Diego are facing challenges with furniture arrangement in their mid-century homes as they adapt to smaller living spaces. Interior designers are being sought to improve...
Chula Vista Welcomes the Gaylord Pacific Resort & Convention Center
News Summary The Gaylord Pacific Resort & Convention Center has opened in Chula Vista, transforming the area into a family-friendly tourist destination. Spanning 1.8 million square feet, the resort features...
San Diego Designates City Operations Building for Redevelopment
News Summary San Diego’s Land Use and Housing Committee has designated the City Operations Building at 1222 First Ave. as surplus, allowing for potential sale or lease. The move aims...
San Diego Approves Initiative for Affordable Housing at 101 Ash St
News Summary San Diego city leaders are advancing a major initiative to convert the 101 Ash St. office tower into affordable housing, approving a $250 million proposal for low-income families....
San Diego to Lease 101 Ash St. Office Tower for Affordable Housing Development
News Summary San Diego plans to lease the vacant 101 Ash St. office tower for a 60-year ground lease aimed at creating affordable housing for low-income families. The initiative involves...
Vacancy Rates Soar in Downtown San Diego
News Summary Downtown San Diego is grappling with a surge in commercial vacancies, as office space vacancy rates hit 21.1%. This trend, accelerated by changing work habits post-pandemic, reflects broader...
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...
