In just ten (10) days, "Glitz, Glamour, Hats & Heels, an afternoon tea and social" returns to the City of Carlsbad. On Friday, May 20th at the Sheraton Carlsbad Resort & Spa, The Loftin Firm, P.C., the Carlsbad Chamber of Commerce, and Savvy Women Wealth Management are proud to present this second annual afternoon tea and business social, which celebrates women-owned businesses and professionals. We hope we'll see you there!
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.
The City of Carlsbad recently announced that it's launching a first-of-its-kind program to decrease the processing time for coastal development projects. In particular, the city will provide funding for additional staff resources at the California Coastal Commission over the next thirty (30) months. By adding another coastal program analyst to the Coastal Commission's staff, the public and private projects within Carlsbad's coastal zone will received expedited review.
After a hard-fought campaign fraught with controversy, Los Angeles developer Rick Caruso has conceded defeat in the special election held in Carlsbad on February 23. The special election was regarding a Caruso Affiliated proposed real estate development adjacent to the Agua Hedionda Lagoon (near I-5 and Cannon Road), which was intended to decrease "visitor-serving commercial development" from 48.3 acres to 26.7 acres and increase the amount of land designated as "permanent open space" from 155.1 acres to 176.7 acres.
Over the past decade, municipalities up and down the California coast have passed ordinances which limit short-term vacation rentals to properties located within the coastal zone.