Low Interest Rates Reduce the Cost of Mortgages

Low Interest Rates Reduce the Cost of Mortgages

As the coronavirus scare pushed the ten-year Treasury note to an all-time low and the Fed slashed the federal funds rate, interest rates for mortgages also fell, creating money-saving opportunities for would-be homeowners and current homeowners looking

Universe Holdings Pays $35M for San Diego Asset

Universe Holdings Pays $35M for San Diego Asset

The Class C, 110-unit community last traded in 2016 for almost $21 million.

Universe Holdings has purchased Serena Vista, a 110-unit community in La Mesa, Calif. The value-add investor paid $34.5 million for the Class C property sold

Interest Rate Drop Good for Buyers and Sellers

Interest Rate Drop Good for Buyers and Sellers

The Federal Reserve further cut interest rates Wednesday as it tries to extend the U.S. economic expansion in the face of President Donald Trump’s trade war with China and geopolitical risks such as the attacks on Saudi Arabia’s oil facilities.

TopGolf an option on Mission Bay

TopGolf an option on Mission Bay

The $40 million Topgolf driving range proposed for a bay-front parcel near San Diego’s airport appears to be in a holding pattern with local leaders uncertain as to whether the high-tech entertainment venue is a good fit for the prime