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Tag Archives: Real Estate

Prologis buys major portfolio

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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 …

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Report: U.S. homes are selling for their asking price

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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, …

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Report: U.S. mortgages are strong

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 …

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U.S. home prices record annual decline

U.S. home prices record annual decline

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, …

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SB County to sell landfill gas

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San Bernardino County will sell landfill gas taken from two future landfill sites to a local private company, where it will be converted for public use. The county public works department’s agreement with Bio-Fuels San Bernardino Biogas LLC calls for gas from the Mid-Valley Sanitary Landfill to be turned into …

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Temecula shopping center sold

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A grocery-anchored shopping center In Temecula has been sold for $27.7 million. RA Centers in Newport Beach bought Meadows Village Center, 31963 Rancho California Road, from affiliates of Fortress Investment Group LLC, an investment firm based in Los Angeles, according to a statement. Built-in 2006, the neighborhood shopping center sits …

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