Staff to calculate impact of hedge fund ownership and potential renter protections.
Housing
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<p>Southwestern College could soon be building student housing to help provide an affordable alternative as rental rates continue to rise in our region.</p>
<p>The local community college, which has its main campus in Chula Vista, in addition to campuses in National City, San Ysidro, and Otay mesa, was awarded nearly $1 million in state planning grants to study the feasibility of building student housing.</p>
Home prices in the San Diego region rose an astonishing 3.2% in March and are up 19.1% over the past 12 months, according to the authoritative Case-Shiller Index released Tuesday.
<p style="font-size:10px">Pictured: Conrad Prebys<br>Credit: Conrad Prebys Foundation</p>
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<p>A New York-based private equity fund has agreed to buy 66 apartment complexes in San Diego for more than $1 billion, making the group one of the top three landlords in the region.</p>
<p>Blackstone Partners, which already owns the Hotel del Coronado and Legoland, also owns more than 900 other apartment units in the county, and employs more than 5,500 people in the region.</p>
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