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San Diego Market Report
San Diego's 3.2-percent unemployment rate as of December remains
well below the level of surrounding counties and one important
reason for the region's diversification. The vibrant economy
has created a strong demand for construction of multifamily
housing. For the construction industry, a good economy means
more projects and a scramble for skilled labor.
Residential,
Mixed-Use Construction Fueling Growth in San Diego County
The housing market will remain robust as long as supply lags
demand and interest rates do not rise too quickly. A sharp
increase in the median price of single-family homes is driving
growth in the infill multifamily market. Many of the new urban
projects include a retail and office mix.
By Greg Aragon. Full
Story >>
A
'Huge Demand' Downtown
A lack of developable land and a lively lifestyle are continuing
to energize residential and mixed-use markets in San Diego’s
center city. By Greg Aragon. Full
Story >>
Help
for Highway 78
A diesel-powered light-rail project between Oceanside and
Escondido is expected to ease the burden on north county roads.
Construction of the Sprinter system includes 118,000 ft. of
new track and 15 stations. The 22-mi. line will include stops
in Vista and San Marcos when it is completed in December 2007.
By Greg Aragon. Full
Story >>
Museums
Putting
It in a Peaceful Place
The Kidspace Museum has relocated to Brookside Park in Pasadena.
The 24-month-long project renovated a dusty cluster of 70-year-old
buildings and preserved much of
the site's 3.5-acre landscape. Neighborhood associations played
a big role in the planning process. By Paul Napolitano. Full
Story >>
Education
An
$800 Million Building Boom at UC Davis
Two of the largest projects underway at the school’s
medical center in downtown Sacramento include a $282 million,
Surgical and Emergency Services Pavilion and the $51 million
Davis Tower phase three and four project. A $57 million sciences/lab
building with a 500-seat lecture hall leads a long list of
projects under construction on the Davis campus. By Thomas
York. Full
Story >>
Largest
Projects at Davis Campus
UC Davis is in the midst of an $800 million capital improvement
plan with major projects recently completed, underway, in
design or in planning. By Thomas York.
Full Story >>
Major
Additions to Medical Center
Two of the largest projects underway at the medical center
include a $282 million Surgical and Emergency Services Pavilion
and the $51 million Davis Tower phase three and four project.
By Thomas York. Full
Story >>
More
Than Just Football
The University of Southern California has four major projects
and two parking garages underway or just completed at its
main campus. A 10-story research facility under construction
and a 225,000-sq.-ft. biomedical research center in the design
phase highlight activity at the school’s Health Sciences
campus. By Mary Forgey and Paul Napolitano. Full
Story >>
Non-Profit Organizations
Downpours
Delay Midnight Mission Project
About 15 in. of rain in a two-week period flooded the downtown
Los Angeles site. The $17 million Midnight Mission center,
which will provide a variety of services for the area’s
homeless population, is scheduled to open next month. A number
of contractors, consultants and suppliers have donated materials
and services.
By Kathy Lee Scott. Full
Story >>
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