In our first bi-weekly edition of the North San Diego County Real Estate Update, we wanted to compile a summary of a few recent stories that may be of special interest to our readers. Moving forward, we plan to publish an update every few weeks to note stories that may affect the commercial real estate and residential real estate markets in Northern San Diego County.
Commercial Real Estate development and the landowners took a serious "hit" when the voters in Malibu voted to curtail commercial development. Anyone who has been to or lives in the city of Malibu may agree that the city is "a unique oasis in the midst of urban and suburban sprawl and development." The supporters of Measure R contended it was necessary in order to preserve the city's charm and character. Residents last year approved Measure R; a city ordinance that would essenially curtail large scale commercial real estate development. The court did not agree.