The latest effort to bring long-sought public transit to San Diego’s airport will focus on four key options, including an underground people mover, one that travels partially above ground, and an extension of the existing trolley system.
AirBnb Facing More Hurdles in San Diego Legislation
The legislation, which only applies to San Diego County, targets short-term rental platforms like Airbnb and VRBO and would have the effect of prohibiting the rental of second homes on those sites. Should the bill ultimately win passage in the state Senate and be signed by the governor, it would hugely transform the home sharing landscape in local jurisdictions that have more lenient rules or none at all, as in the city of San Diego.
Featured Story: Is Franchising the Right Move for You?
Franchise Ownership is Booming in America. Many entrepreneurial minds find themselves interested in the opportunity to buy a piece of ownership in already established national and international brands, reducing the amount of marketing expense needed in comparison to starting a brand from scratch.
But like many other ventures, there are pluses and minuses involved that need to be considered before taking the leap. Check out these helpful articles from Forbes and Entrepreneur Magazine if you want to learn more.
Still Interested in Owning Your Own? Talk to us About a few Exciting New Franchises: Miami Grill and Salad Creations
The Future of Smarter, More Efficient Building Discussed at San Diego Summit
Aside from equipment innovations, the building industry has remained largely unchanged for the last 100 years. Beginning about 10 years ago with building information modeling (BIM) software that began to change, said Daniel Reeves, president of the San Diego–based community and government affairs consultancy Juniper Strategic Advisory, who served as moderator of a ULI San Diego/Tijuana event in March.
Like other business sectors, innovative technology is having a disruptive impact on building construction, operations, and management, according to event presenters, who discussed new technology used to cut time for project due diligence; make cost estimates accurate and construction more precise; improve building operations and efficiency; and enhance tenant engagement, comfort, and satisfaction.
Read More at Urban Land Institute
$20 Billion+ Already Raised for Opportunity Zone Investments
Opportunity zone funds are rapidly growing. Last year, these funds—which were a tax benefit in the 2017 tax reform bill—totaled $5 billion. Today, opportunity zone funds total $20 billion, and by the end of the year, Kevin Nolan, director at Cushman & Wakefield, expects that they will hit $100 billion.
Read More at Globest and Learn More About Opportunity Zones on our Informational Page
$150 BILLION in Coastal Real Estate in Danger According to Experts
According to new research by the U.S. Geological Survey, about $150B in coastal real estate in California alone is at risk of flooding caused by rising sea levels, in combination with storms, by the end of the 21st century.
Sea-level rise is often thought of as a creeping problem — slow enough to give property owners time to take protective steps — but the report points out that even small increases in sea level, combined with storms, could have sudden, devastating impacts.
Read more at BisNow