Real Estate

The California Public Employees Retirement System announced Tuesday that it plans to sell up to $3 billion of its real estate investment holdings. The pension fund – better known as CalPERS – has hired Park Hill Group, a global asset management firm, to help with the deal, according to a …

Owning a home isn’t as popular, or as affordable, as it used to be. The national homeownership rate fell 0.6 percent last year, to 64.5 percent, the 10th consecutive year that figure has declined, according to the 2015 State of the Nation’s Housing Report. The report is published by the …

Nationwide sales of new single-family homes rose 2.2 percent in May, according to the National Association of Home Builders. That works out to a seasonally adjusted rate of 546,000 units, meaning that’s the number of new houses that would be sold this year if last month’s rate of growth were …

Pending home sales in California were up 12.1 percent last month compared with May 2014, the sixth consecutive month year-over-year gains in that category. Month-over-month was another story. Pending sales were down 4.6 percent from April, compared with the average 3.6 percent drop that has happened between April and May …

A shopping center in Moreno Valley is on the market. Moreno Marketplace, which is anchored by a State Bros., is available for $20.8 million, according to CBRE Group Inc. The facility is nearly 90 percent leased. Its tenants include Wells Fargo Bank, Fantastic Sams, Jack in the Box and Subway, …

Sales of existing homes rose to their highest level in nearly six years in May, as more first-time buyers entered the national housing market. Total existing-home sales – single-family homes, townhouses, co-ops and condominiums – totaled a seasonally adjusted 5.3 million last month, a 5.1 percent increase from April, according …