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The Federal Reserve is signaling that it may be done hiking interest rates this year, amid signs of economic slowing.
The Federal Reserve's Open Market Committee on Wednesday left its target rate unchanged at 2.25 percent to 2.5 percent. More than half the committee's members signaled they don't expect any additional rate increases this year. That's a sharp change from December when the Fed was anticipating as many as three rate hikes in 2019.
Fourteen years ago, Randy Garutti and the Shake Shack team closed shop for the day at their Madison Square Park location, the brand’s first—and only—store at the time. They just achieved what executives thought unthinkable. It was Shake Shack’s first $5,000 day, a milestone “a bunch of fine-dining leaders” couldn’t picture when they put burgers, hot dogs, fries, and shakes on the menu of a fast casual.
This past quarter, Shake Shack scored its first $2 million day. Since its IPO, when the chain exited 2014 with nearly $120 million in revenue, it has increased the figure by nearly 300 percent. And although many restaurants and companies say this, it holds real weight with Shake Shack: As far as it’s progressed, the chain is just getting started spreading one of the more profitable business models in the country across the map.
Read More at QSR Magazine
Industrial in San Diego is in high demand in an area with constrained supply, Ryan Cos. President, West Region Chris Wood said. Last year, industrial space users took a net of more than 1M SF in the San Diego market, according to Transwestern data. By the end of 2018, vacancy stood at 4.5%, a little below the national average of 4.7%.
Read more at BisNow
San Diegans are desperate for affordable housing and scammers are taking notice and using new tricks.
Read More at 10 News San Diego
The latest monthly jobs report shows the U.S. economy continues to purr, and even though some investors now sound notes of caution, most remain optimistic about the nation’s real estate market for 2019. “The only place you can be assured of business doing pretty well overall is in the U.S.,” TVO Capital Management CEO and Chairman Wayne Vandenburg said.
Read more at BisNow
Electric car maker Tesla is buying San Diego’s Maxwell Technologies in a deal valued at $218 million, the two companies announced Monday.
Maxwell has innovative technology and manufacturing processes for both batteries and “ultracapacitors,” another type of energy storage device.