Real Estate

The Inland Empire office market had a rough second quarter, with vacancy and net absorption both moving in the wrong direction as the quarter ended. Vacancy was 9.5 percent, up slightly from the first quarter, while net absorption was minus 9,834 square feet, the first negative quarter in that category …

U.S. home prices grew only 1.4 percent in May, the lowest year-over-year growth rate recorded in 11 years. May was also the 12th consecutive month that home prices nationwide were slower than the previous month, and the first time since early 2012 that annual growth dipped below two percent, according …

Prologis Inc., will purchase approximately 14 million square feet of industrial properties from Blackstone Inc. for $3.1 billion. The all-cash transaction was expected to close within days of its June 27 announcement, according to a statement. “These high-quality properties are complementary to our portfolio and fit perfectly into our long-term strategic …

The average U.S. home is selling for approximately $383,000, only $4,000 less than the all-time record price set exactly one year ago, according to Redfin. That’s the smallest year-over-year drop in four months, and only the second time since August that the nationwide sale-to-list price ratio has hit 100 percent, …

Two point eight percent of all U.S. mortgages were in some stage of delinquency in April, according to data released this week. That figure, which includes foreclosures, is essentially unchanged from exactly one year earlier, Irvine-based CoreLogic reported. “U.S. loan performance remains resilient, with delinquencies and foreclosures continuing to hover …

U.S. home prices fell 0.24 percent in April, a modest decline but the first year-over-year drop in 13 years. That trend was offset somewhat by a 1.3 percent increase between March and April, suggesting that home prices in some markets are rising, according to the US CoreLogic S&P Case-Shiller Index, …