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Beyond Boundaries Commercial

13400 Sabre Springs Parkway
San Diego, CA, 92128
858-668-2804
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Beyond Boundaries Commercial

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San Diego Superior Court to Intervene in Encinitas Housing Plan Fight

December 21, 2018 Max Bathaee
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Encinitas has the lowest percentage of multifamily housing units in San Diego County, and for years it’s been defying California law by failing to craft a legally acceptable housing plan.

City law requires that residents vote on major land-use changes, and twice the voters have rejected plans that identify sites for possible affordable housing development. Measure U, the latest attempt at a housing plan, failed last month by about 1,800 votes, or 6 percent of the ballots cast.

Now the San Diego Superior Court is preparing to intervene. A judge next week is likely to suspend the Encinitas law that gives voters veto power over a housing plan. The only question is how long the city law might remain sidelined. It’s also unclear what plan the judge will put in place.

One thing’s for sure: The homeowners who killed housing plans in 2016 and 2018 aren’t happy that a judge is about to circumvent the will of Encinitas voters.

Read more at thevoiceofsandiego.org

Tags encinitas, multifamily, san diego

Rental Demand Eclipses Supply in San Diego

December 21, 2018 Max Bathaee
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The multifamily market is strong in America’s Finest City, where employment and population gains, along with a high barrier to homeownership, drive rent growth. Demand is especially solid among Millennials drawn to the region’s well-paying STEM-oriented jobs.

Employment gains were led by professional and business services (11,500 jobs), followed by education and health services (5,000). As employers often recruit from outside the county, the tech industry is a significant contributor to the area’s positive net migration, with fields such as cybersecurity, biotech, software development, data analytics and robotics expanding.

Read more at Multihousingnews.com

Tags san diego, multifamily, rental demand

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Broker: CALBRE #01317331 Max bathaee: CalBRE #02056241

Email: info@bbcrei.com

Office: 858-487-3520 I 858-342-4129

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