11.02.2008

Del Mar retail implosion update

A couple weeks ago I posted the Del Mar CRE survey, wherein we saw the decline of Southern California beach civilization.

Today, a couple more properties have gone vacant.


This was some kind of boutique shoe store.


This was a Fidelity National Title office. There's a sign in the window saying they've moved inland. I would guess they are merging branches.

None of the space in the original survey has been filled, as far as I know.

No comments:

CalPERS Fail

Despite the awesome bull market this year, CalPERS again missed its return target, earning only 5.8% vs. its required 6.8%. CalPERS has mi...