Thursday, September 20, 2018

Things to Do This Weekend in San Diego: September 20-23

Thursday, September 20
Oddities: Hidden Heroes of the Scripps Collections
9 a.m. to 5 p.m., Birch AquariumA new comic book-inspired interactive exhibit is opening at the Birch Aquarium to highlight the "superpowers" of some of the ocean’s most awe-inspiring creatures. From supervision to an electricity zap -- marine life make amazing adaptations to survive in their environment and the team of scientists at Scripps Institution of Oceanography, UC San Diego want to share what they've learned with you. The exhibit is available to guests who purchase a ticket to the museum ($18.50 for adults and $14 for children 3 to 17).
Things to Do at Balboa ParkThings to Do at Balboa Park
Balboa Park is one of San Diego’s best-known landmarks. NBC 7's Monica Garske speaks with Balboa Park Conservancy CEO and president Tomas Herrera-Mishler about a few of the things you should do when you visit the sprawling urban park in the hear of America's Finest City.
(Published Thursday, April 20, 2017)
Sculpture in the Garden9 to 5 p.m., San Diego Botanical GardenThe sprawling botanical garden in Encinitas (230 Quail Gardens Drive) is featuring the sculpture work of 30 artists through the month of April. See the artwork, ranging from whimsical to abstract, set against a backdrop of dragon trees, rare fruit gardens, bamboo groves and ponds. All of the artwork is available for purchase and goes to fund the botanical garden. Admission to the botanical garden is $14 for adults and $8 for children.
Summer Movies in the ParkTimes Vary, Locations VaryAcross the county through October, cities are taking part in movie screenings at their local outdoor parks. Almost every day of the week, San Diegans can find a different free outdoor movie screening thanks to the county-wide initiative. This week, “The Secret Life of Pets” screens in La Mesa and Marvel’s “Black Panther” will play in Bonita, just to name a few. The full calendar of screenings for the summer can be found here. Bring a picnic, chairs and a blanket to enjoy the movie of your choice starting at sunset.
Summer Movies in the Park 2018Summer Movies in the Park 2018
This summer, you can find movies at a local park near you. Program Manager Christine Lafontant explains.
(Published Thursday, May 24, 2018)
Oceanside Sunset Market
5 to 9 p.m., Main Street OceansideAs if anyone needed another excuse to head to the beach for an evening sunset over the Pacific Ocean, the Main Street Oceanside business association is giving you one anyway. The Oceanside Sunset Market is taking over four city blocks of the downtown area so that about 200 local merchants can feature homemade crafts and tasty grub as live music wafts through the sea breeze-driven air. The free market is located on Pier View Way between Pacific Coast Highway and the Ocean every Thursday.
Music in the Gardens
5 to 8 p.m., Stone World & Bistro Gardens (Escondido)Every Thursday, enjoy good music and good beer in Stone Brewing’s sprawling Escondido garden oasis. This week, grab a pint of Stone Delicious IPA, Arrogant Bastard Ale or one of the dozens of other brews on tap while taking in the island sounds of Hawaiian-style artist Ben Benavente.
The Story Behind the Cardiff KookThe Story Behind the Cardiff Kook
On HIghway 101 north of San Diego, there's a statue that was once ridiculed but has grown to find its own place in the hearts of the public. 
(Published Monday, April 16, 2018)
Comedy Night
7 p.m., Tiger! Tiger! (North Park)This weekly comedy show brings a variety of headliners and up-and-coming talent to North Park’s draft house, Tiger! Tiger! This week, comedian Valerie Tosi will dole out laughs. Tosi is an improv comedian and alumni of The Second City who has made several popular Buzzfeed videos, including one with Kevin Hart and Ice Cube. Tickets are free but first come, first served. The best way to guarantee a ticket is to register in advance. 
Friday, September 21
Bazaar del Mundo’s Santa Fe Marketplace
10 a.m. to 8 p.m. (through Sunday), Bazaar del Mundo (Old Town)Bazaar del Mundo in Old Town will be overflowing with authentic Native American jewelry, arts and crafts this weekend as the Santa Fe Marketplace takes over. Navajo, Cherokee, Hopi and other tribe members and southwestern artists, will showcase their goods -- from exotic stones to leather accessories -- at the free three-day festival. Guests are also invited to bring their own Native American jewelry and heirlooms to have appraised by pawn trader Art Quintana.
Inside Liberty Public Market: Fall 2017Inside Liberty Public Market: Fall 2017
It's been a year-and-a-half since Liberty Public Market opened in the heart of Liberty Station. With more than 30 vendors lining its halls, the 25,000-square-foot marketplace has quickly transformed into a food emporium, with interesting treats to be had at every turn. Here's a glimpse at LPM, as it looks in fall 2017. 
(Published Thursday, Sept. 21, 2017)
Food Truck Fridays
4 to 8:30 p.m., Balboa ParkDelectable treats will once again flood historic Balboa Park every Friday night this summer for the popular Food Truck Fridays series. A lineup of about a dozen food trucks will rotate each week through September 28 at Plaza de Panama ready to feed hungry guests as a variety of live music, like Mariachi and orchestral sounds, waft through the air. Some of the dining possibilities include Bosnian Grill, Monster Crafts, Pierogi Truck, Super Q and Yo Yo Bento, Beachin’ Boba, Devil Dogs BBQ, Sushi Uno and more. Visitors are invited to bring lawn chairs and blankets to sit in front of the Botanical Building as they eat, or enjoy craft beer, wine and cocktails inside nearby restaurants. Booths will be set up with activities for kids and Balboa Park will introduce a "living room" area filled with giant lawn games. Surrounding museums will extend hours to accommodate guests and the San Diego Museum of Art will offer $5 admission after 5 p.m.
Cruisin’ Grand
5 to 9 p.m., Grand Avenue (Escondido)The free auto festival that has taken over downtown Escondido for nearly two decades is back for the 2018 summer season. Hundreds of vintage cars line Grand Avenue for seven blocks every Friday night from April to September for the event that seems to transform the city into a retro paradise. Along the route, enjoy dinner or browse local goods at one of the many restaurants and shops that extend their hours during the car show.
Salsa Under the Stars
6 p.m. to 9 p.m., The Headquarters at SeaportHit the courtyard at The Headquarters at Seaport for this Friday night salsa dancing session under the stars. Manny Cepeda and his orchestra will provide the toe-tapping tunes; no partner or experience necessary to join this fun, free event.
Hops on the Harbor
7 p.m. to 10 p.m., Flagship Cruises & EventsThe brew makers behind Green Flash Brewing Company’s specialty beers have been at it in San Diego for more than 15 years. Now, the craft brew specialists are sailing towards the horizon for a partnership with Flagship Cruises’ Hops on the Harbor. This month, four 6-ounce samples of Green Flash’s suds will accompany a dinner menu and cruise around San Diego Bay. The menu features: a sundried tomato and artichoke penne pasta that pairs perfectly with Green Flash’s GFB; a fruity pairing of grilled salmon with papaya salsa and tropical rice pilaf that accompanies the tart Passion Fruit Kicker; and a coffee-rubbed beef brisket that pairs with the brewery’s popular West Coast IPA. The dinner cruise boards at 7 p.m. from 990 North Harbor Dr. and sails past the San Diego skyline, USS Midway, Star of India and other Maritime Museum ships and the Coronado Bay Bridge. Tickets cost $79.50 for adults and $47.70 for children ages 4 to 12; kids 3 and under are free. Reservations are recommended.
The Haunted Hotel
7 to 11 p.m. (Friday) 6 p.m. to 1 a.m. (Saturday), 424 Market Street (San Diego)It’s time to check in to The Haunted Hotel. One of San Diego’s most popular Halloween haunts returns this weekend with a sneak preview of this year’s spooktacular frights. Guests will take a ride up the hotel’s haunted Hellavator before walking own a bleak corridor filled with scares. On Wednesdays, try the whole thing in the dark. Tickets typically cost $20, but for this weekend’s preview, The Haunted Hotel is slashing prices for brave visitors. Times vary; check the schedule here
Saturday, September 22
Carlsbad Artwalk
11 a.m. to 6 p.m. (Saturday) 10 a.m. to 5 p.m. (Sunday), Alameda Drive (Carlsbad)A Carlsbad city street will be transformed into an immersive art experience for Carlsbad’s first ever Artwalk, presented by the creators of the ArtWalks in Little Italy and Liberty Station each year. Guests can watch as dozens of chalk artists bring their artwork to life along Armada Drive over the festival’s two-day run. The work from about 200 artists will be on display and for purchase in a variety of mediums. The art festival will also feature live music from musicians Nathan James, Steve Poltz and others, a wine and beer garden, food trucks and more. A $12 ticket or a $17 weekend pass gets guests access to the festival and entrance into the nearby Museum of Making Music. Children 16 and under are free.
Pop Up Market
10 a.m. to 3 p.m., QuartyardPeruse original art, handmade creations and vintage finds at this one-day-only pop-up shop at the Quartyard in East Village. As you browse, enjoy sips of craft beer or cocktails, tasty bites, music and more.
Namaste on the Bay
9:30 a.m., CoasterraAre you a yogi and a foodie? Then this one’s for you. Coasterra, the modern Mexican eatery on Harbor Island is hosting a yoga class followed by a brunch on the bay. Instructors will lead an hour-long class before bites of classic brunch items are served alongside Rosé and kombucha until 12:30 p.m. Tickets cost $40 and can be purchased here
Rex, San Diego Zoo's Inspiration, Gets Statue at EntranceRex, San Diego Zoo's Inspiration, Gets Statue at Entrance
A new addition adorns the front entrance of the San Diego Zoo. The statue represents the lion that inspired the park in 1916.
(Published Monday, March 26, 2018)
Macy Gray
8 p.m., Music BoxPowerful vocalist and Grammy winner Macy Gray, known for the hit "I Try," will bring her sultry sound to the Music Box in Little Italy for a one-night-only concert with opener Mimi Zulu. Doors open at 8 p.m. and the concert will start at 9:30 p.m. Tickets to see the r&b singer start at $38. Dinner packages and tables are available.
SeaWorld’s Halloween Spooktacular
10 a.m. to 9 p.m., SeaWorld San DiegoDon’t wait for Halloween to trick or treat. Kids and their parents can stroll trick-or-treat booths set up throughout the SeaWorld San Diego for their annual Halloween Spooktacular, which runs this year through October 28. On top of treat hunting, families can sing and dance along to the all-new Sesame Street Halloween Parade, catch a holiday-themed Clyde and Seamore show and more. Spooktacular comes with a general admission ticket starting at $55, which gives guests access to all of SeaWorld’s daily offerings.
San Diego's Top Breweries San Diego's Top Breweries
San Diego Festival of Beer
1 to 5 p.m., Broadway PierDelight in tasty brews while supporting the fight against cancer at the 24th annual San Diego Festival of Beer. The Broadway Pier will be overrun with booths featuring more than 50 breweries -- like Green Flash, Belching Beaver and Coronado Brewing Co. -- pouring unlimited samples of their creations for four hours to those with a $50 admission ticket. A ticket also comes with access to food trucks, vendor booths games and live music. The event’s organizers, San Diego Professionals Against Cancer, say all of the event’s proceeds are donated to San Diego cancer-fighting charities.
Sunday, September 23
San Diego Restaurant Week
Times Vary (through September 30), San Diego CountyIt’s that time again! More than 180 eateries across San Diego have created the perfect multi-course meals for guests to feast on during this year’s San Diego Restaurant Week. For eight days starting Sunday, participating restaurants will offer exclusive prix-fixe menus -- two-course lunches ranging from $10 to $20 a person or three-course dinners ranging from $20 to $50 a person. Take a look at this year's restaurant lineup here and be sure to make a reservation in advance to guarantee your spot.
24th Annual Pacific Islander Festival
9 a.m. to 4 p.m. (Saturday and Sunday), Mission Bay Ski BeachThe 24th Annual Pacific Island Festival puts an emphasis on tradition, the theme of this year’s event. More than 100 craft, food and informational vendors will pack Ski Beach for this two-day festival celebrating the indigenous cultures of the Pacific Islands. The event is free to attend.
Hoppy Yoga 
10:30 to 11:45 a.m., Culture Brewing (Ocean Beach) This traveling yoga class makes stops at a variety of San Diego breweries, offering guests a stretch session and sips of craft brews. The class is perfect for all levels and is followed by either a pint of beer or a tasting flight from whichever brewery the class happens to be at that day. Guests can purchase tickets for $20 to Sunday’s Hoppy Yoga class at Culture Brewing in Ocean Beach. Multi-class packages are also available. See the full schedule here
Raul Prieto Ramirez on the Spreckels Organ PipesRaul Prieto Ramirez on the Spreckels Organ Pipes
Spanish organist Raul Prieto Ramirez is San Diego's new Civic Organist. You can see him perform on the historic Spreckels Organ at Balboa Park. Here, he shows NBC 7 some of his fancy footwork.
(Published Friday, Jan. 12, 2018)
Sunday Organ Concert2 p.m. to 3 p.m., Spreckels Organ Pavilion at Balboa ParkEnjoy a free, hour-long organ concert Sunday at Balboa Park’s famed Spreckels Organ Pavilion. At the keys, the audience will find Raul Prieto Ramirez, the city’s newest San Diego Civic Organist and Artistic Director of the Spreckels Organ Society. Prieto Ramirez hails from Spain and, as he told NBC 7, hopes to keep the program interesting – from Bach to Queen – at the historic Spreckels Organ.
Liberty Station Concerts
5 to 7:30 p.m., Liberty StationIt’s the last show of the season for Liberty Station’s free concert series, which featured a different local musicians on their grassy North Promenade (2848 Dewey Road) at each of their concerts. This week, Vaud & the Villains -- composed of a five-piece horn section, a rhythm section, vocalists and three dancers -- return to the outdoor stage. Opening or the 19-piece orchestra is Iron Sage Wood. Bring a blanket and a picnic and enjoy this live outdoor concert.
The Heart of Rock & Roll
8 p.m., The Old GlobeOne of rock and roll’s most iconic artist is getting an entire show dedicated to his works. Huey Lewis told NBC 7 he never thought a musical adaptation of his works would be a reality. But through October 21, The Heart of Rock & Roll, which exclusively features the “Hip to Be Square” artist’s work, will play on the Donald and Darlene and Shiley Stage at the Old Globe. The comedy follows a band playing the Chicago dive bar circuit waiting for their “big break.” Tickets start at $39.
Free or Cheap Things to Do in San DiegoTimes and locations varyFree or Cheap Things to Do in San DiegoFree or Cheap Things to Do in San Diego
Looking to save some cash, but still enjoy the city? In San Diego, there are still plenty of activities to enjoy for free or on the cheap. Go for a hike at Torrey Pines State Park or Cowles Mountain, stroll Balboa Park, try a new craft brewery, admire the murals of Chicano Park or read a book at a downtown park. Get out there and explore America’s Finest City.

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Thursday, August 23, 2018

San Diego's Tallest Buildings

Newest San Diego residential towers rival city's tallest buildings

Courtesy of the UT  
Phillip Molnar

An entire city block in downtown San Diego off Broadway is now a massive hole that echos with the sound of grinding gears.
Rising at least 15 stories out of the ground is a massive crane that is the only real indication that something big is coming at the fenced-off site.
Canadian-based Bosa Development is constructing a roughly 490-foot tall apartment building that will eventually join a group of the city’s tallest buildings, which include One America Plaza, Symphony Towers, Manchester Grand Hyatt Hotel and Pinnacle on the Park.

Since 2003, downtown’s changing skyline has been led by the construction of high-rise residential buildings — reversing the trend of mainly office buildings reaching new heights in the early 1990s — and increased in earnest since the end of the Great Recession. 
Rachel Parsons, first vice president of CBRE for capital markets and multifamily, said the trend began modestly in 2014 with the construction of the six-story Broadstone Little Italy. She said that was the first project coming out of the recession that really opened everyone’s eyes to what was possible with high rents. Today, rents there are still some of the highest in the region, averaging $3,308 a month.
“It became the high water mark for best in class for multifamily apartments,” she said. “They achieved the highest rents per square foot that we had ever seen at that point.”
From there, developers started pushing ahead with a litany of new rental projects, including Broadstone Balboa Park (completed in 2015), Pinnacle on the Park (2016), The Rey (2017) and Park 12 (this summer).
Parsons said high-rise buildings are the most expensive to build, with their mix of steel, concrete and glass, so construction is based on where developers think they can get the highest rents. At the same time as developers were beginning to realize higher rents were possible, downtown planning agency Civic San Diego began pursuing higher density projects as a way to fulfill the city’s growing housing needs.
For example, original plans for downtown’s newest high-rise Shift called for a five-story building. Based on guidance from the planning agency for higher density, it eventually morphed into a 21-story building with an orange 240-foot tower on its side.

Vancouver, British Columbia-based Bosa Development has led the charge in new residential construction. It is set to finish Savina condo tower (414 feet) on Kettner Boulevard in spring 2019 and recently completed the Pacific Gate condo tower (450 feet) on E Street.

President Nat Bosa said it just makes sense to build taller if a developer has the funds.
“There is a lot of density on these buildings,” he said, “and you can spread it out among more floors and you get a better unit.”
Downtown’s skyline is capped at 500 feet because of the airport, limiting heights reached in Los Angeles and other major cities.
San Diego has many hills that can complicate arguments about how tall buildings are. One America Plaza on Broadway is the tallest building in the city at 500 feet, followed by Symphony Towers on B Street at 499 feet. However, Symphony Towers was built on land that is about 70 feet above sea level, so it technically is only 429 feet from the ground.
Regardless, most skyscraper buffs — and airline officials — focus on what is often called pinnacle height, which is how high a building is in the air.
The third tallest tower in the city is the Manchester Grand Hyatt San Diego’s Harbor Tower at 495.8 feet. The next is Pinnacle on the Park apartment building in East Village that reaches 479 feet.
Government agencies rarely keep a record of how tall buildings are, instead just making sure during the approval process that building heights don’t interfere with airplane traffic. The San Diego Fire-Rescue Department records the number of the stories in a building and multiples that figure by 10 feet to get an approximate height.
However, a German-based company called Emporis maintains a database of the tallest buildings in most cities and much of the information for this article comes from their records.
Parsons said construction on high-rise towers may slow down after the current crop of new buildings are completed because of rent stabilization, as well as increasing costs of materials and labor.
A growing world

It is an exciting time to be alive for skyscraper aficionados with several towers in the Middle East and China reaching baffling heights.
The tallest building in history is under construction in Saudi Arabia. The planned Jeddah Tower will be 3,281 feet tall and is scheduled to be completed in 2020. For context, the building is about 6 ½ Symphony Towers stacked on top of each other.
Jeddah Tower will unseat Dubai’s Burj Khalifa, the current tallest building in the world at 2,717 feet. The other tallest towers are Shanghai Tower in China at 2,073 feet, Makkah Clock Royal Tower in Saudi Arabia at 1,918 feet and Ping An International Finance Center in China at 1,965 feet.
The tallest building in the United States is the One World Trade Center in New York at 1,776 feet and the tallest in Mexico is Torre KOI in San Pedro Garza Garcia (near Monterrey) at 920 feet.

San Diego County’s tallest buildings

1. One America Plaza, 500 feet
2. Symphony Towers, 499 feet
3. Manchester Grand Hyatt Hotel, 495.8 feet
4. Pinnacle on the Park, 479 feet
5. Manchester Grand Hyatt Seaport, 476.1 feet
6. Electra, 476 feet
7. (tie) Emerald Plaza, 450 feet
8. (tie) Pinnacle Marina Tower, 450 feet
9. (tie) Pacific Gate, 450 feet
10. The Harbor Club West and East (Two towers, but same height), 424 feet

Thursday, August 9, 2018

San Diego Home Price Increases Continue To Outpace Nation

San Diego Home Price Increases Continue To Outpace Nation

San Diego County home prices in May increased 7.3 percent in a year, faster than the nationwide average, said the S&P CoreLogic Case-Shiller Indices released Tuesday.
All the regions covered in the 20-city index experienced price increases, with San Diego near the top with the No.6 biggest increase (tied with Phoenix). Seattle had the biggest gain at 13.6 percent.
The nationwide average was a 6.4 percent increase, with Western cities accounting for the largest gains.
Among California cities, San Diego home prices went up the slowest. Los Angeles saw prices go up 7.6 percent in a year and San Francisco experienced a 10.9 percent gain. Dvid Blitzer, managing director of the index, wrote in the report that nationwide sales had decreased for three months in a row. He said it appeared continuing price increases were affecting other housing statistics.
“Affordability — a measure based on income, mortgage rates and home prices — has gotten consistently worse over the last 18 months,” Blitzer wrote. “All these indicators suggest that the combination of rising home prices and rising mortgage rates are beginning to affect the housing market.”
Mortgage rates have increased steadily all year. At the start of the year, the rate for a 30-year fixed rate loan was around 4 percent, said Mortgage News Daily, but was up to 4.73 percent Tuesday morning.
In San Diego County, CoreLogic said 2,485 resale single-family homes sold in May — the lowest number since 2015.
Zillow senior economist Aaron Terrazas wrote in an email that the report showed that the housing market was showing contradictory signals that the tide of rising prices could begin to turn.
A few of the factors he said that make it hard to tell what is next for the market: Rent growth has stabilized, which could make potential buyers less desperate to get into a home; Inventory is still historically low, but has increased in recent months; and housing starts are down, a sign that it is either too costly for builders to construct new homes or they anticipate less demand for buyers.
However, Terrazas said that a lack of homes for sale is still a large factor that will affect everyone looking to buy.
“Home price growth is likely to slow somewhat going forward, but the truth is that little has changed for home buyers in the market today,” he wrote. “Competition is fierce, prices are rising and selection is limited.”
The indices evaluate home prices by more than just price, tracking repeat sales of identical single-family houses as they turn over through the years. Prices are adjusted for seasonal swings. The San Diego median home price in May for a resale single-family home was $619,500, said CoreLogic.
While rising prices are good for homeowners, the San Diego Regional Chamber of Commerce has continued to lament what increases could mean for the region’s workforce.
“When employees are priced out of San Diego and are forced to look to areas outside the region where housing is more affordable, our employers, regional workforce and economy all suffer,” wrote Sean Karafin, the chamber’s vice president of public policy and economic research.
Markets with the slowest price increases were still outpacing inflation. Price increases in Chicago were up 3.3 percent a year and 3.1 percent in Washington, D.C.

Courtesy of the Union Tribune

Tuesday, July 24, 2018

Could rent control be coming to San Diego?

Courtesy of The Union Tribune

A statewide vote to allow more widespread rent control could have big implications for San Diego County if it passes.
The effort, led by tenants rights groups and bankrolled by Los Angeles HIV/AIDS activist Michael Weinstein, qualified for the Nov. 6 ballot in June.
If approved by voters, the initiative would repeal a 1995 law that limited county and city governments’ ability to slow rent hikes. Even if it passes, it would still be up to local lawmakers to approve rent control or approve citizens’ initiatives.
San Diego is one of the few big cities in California with no form of rent control, unlike San Francisco, Berkeley and Los Angeles.
Alan Gin, an economist at the University of San Diego, said rent limitations may help some people but it could result in less housing being built, something desperately needed in the state.
“Housing prices have gotten way out of hand in California,” he said. “Even though I don’t think (rent control) will work, I can understand people’s frustration.”
Economists typically argue that rent control will lead to a reduction in the quality and quantity of housing available. But, that hasn’t stopped frustrated renters in San Diego and the rest of California from taking action.
The average San Diego County rent in March was $1,887, pushed up by an influx of new, high-end apartments downtown, said MarketPointe Realty Advisors. It has increased 8 percent in a year.
A local organizer for Prop 10, Paola Martinez, said low-income Californians are struggling to survive. She said arguments that rent control would slow housing production are hard to stomach for low-income renters.
“Housing is being created, it’s just not the type of housing we need,” she said of new residential projects. “We are not building affordable housing.”
One of the most common arguments against rent control is that if a landlord knows they can’t charge more, they won’t fix up the apartment. Try telling that to a San Diego renter, Martinez said.
“Even without rent control, those issues are still there,” she said. “We’re seeing increases of rent at a super high rate in pretty deplorable conditions, uninhabitable conditions. Their landlords aren’t making any repairs, even when they are increasing the rent.”
Prop. 10 would repeal the Costa-Hawkins Rental Housing Act, which bans cities and counties from capping rent increases on apartments built after 1995. If passed, it means new apartment buildings that are being constructed downtown could be subject to the law. The act also prevents rent control on single-family homes.
Martinez is director of the San Diego chapter of the Alliance of Californians for Community Empowerment, which is also part of a coalition of community groups in National City that began gathering signatures in March for its own rent control measure.
The National City effort would cap annual rent increases at 5 percent. The city has filed a lawsuit against the organizer, alleging its plan to create a rent control board would violate state law. A court hearing is scheduled for July 20.
Borre Winckel, CEO of the local Building Industry Association, said its members are concerned about lenders not funding big multifamily projects out of fear that that Prop.10 could pass.
He said a potential slowing down of new home construction would end up making things harder for renters because fewer units would be available.
“It will displace and de-house people who need new units, so it’s not a recipe for more production,” he said. “If there’s one thing the state needs more of is more production. New production and rent control can’t exist in the same statement. It’s illogical.”
A few secondary effects of Prop. 10 passage could be a slowdown in home price increases and maybe a few more opportunities (at least in the short-term) for homeownership. The repeal of Costa-Hawkins would mean that rent control would be allowed for single-family homes, potentionally limiting the value for an investor.
“It’s sort of the same thing as the construction argument,” Gin said. “If the home is less valuable, in terms of how much you can rent for, it could affect the price.”
Winckel said apartment complex owners may respond to passage by converting units to condos. While that would create more homeownership opportunities for San Diegans, he said the measure would eventually make things more difficult for renters because they would be forced to move.
“It’s not a good news story because converting from rentals to condos means you’re not net adding new units to the market,” he said.
There will likely be a strong campaign to defeat Prop. 10. Last week, the Building and Construction Trades Council of California joined with the California Apartment Association and other groups to launch a “No on Prop. 10” campaign.
However, at the ground level battle for rent control, organizers say there is excitement that the proposition will soundly win.
Rafael Bautista has been organizing with a group called San Diego Tenants United since 2015 to bring rent control to the region, holding a march downtown in 2016. He said renters are so frustrated that a spark has been lighted in the state that will be hard to put out.
He said if National City’s measure passes, it is only a matter of time before it spreads around San Diego County.
“National City is like a release valve,” Bautista said. “Then, that’s even more burden on San Diego (city) and surrounding cities.”