1. Late summer and early fall was disappointing for OB RE bulls, with inventory tracking up and prices holding flat. Just this past week though there were a big slew of active houses going pending and pending going sold, so inventory is once again extremely tight.
2. We are finally getting some new commercial space with the near completion of the large two-floor building on Sunset Cliffs and Cable. Only one announced tenant so far, a raw and vegan fast food place. Looks like parking will be ample and it will have nice landscaping. The building isn’t a landmark, but it is fairly pretty and much better than most “neighborhood commercial” buildings in San Diego.
3. Some drama involving a suicide attempt and waving around a gun at Ebb Tide Motel brought a bunch of emergency vehicles.
Nothing could be better for the immediate neighbors on the 5000 block of WPL than shutting it down or a complete renovation and tenant replacement.
The owner must pay a ton to insurance that place with the all issues it has.
Ebb Tide actually has improved somewhat over the years but is a still a nasty scar on a great neighborhood a block from the ocean.
