Industrial property sales in San Joaquin County in California’s Central Valley have been practically nonexistent this year, but USAA Real Estate Co. just broke the monotony with the acquisition of a 658,000-square-foot distribution facility in the city of Tracy, about an hour east of San Francisco. Acting through its affiliate US Industrial REIT III, USAA [...]

The current economic turmoil might well have  the commercial property industry feeling pain for some time to come. But according to a newly-hired executive with Buchanan Street Partners, the tumult will also create an environment rife with opportunities.Buchanan Street Partners has hired Bob Peterson as managing director in its Newport Beach, Calif., office. Peterson, [...]

After a rough 2008, Manhattan’s property investment market has continued to take it on the chin thus far in 2009. Real estate sales in Manhattan reached a 25-year low in 2009’s first quarter, according to a new report by Massey Knakal Realty Services.“The No. 1 finding–that turnover in the first half is the lowest it [...]

The tsunami of residential foreclosures may have started, back in the days of easy mortgage money, with borrowers whose only qualification was being able to fog a mirror. About half of those kinds of subprime mortgages have resulted in a foreclosure outcome, and Alt-A-inspired foreclosures are spiking too. But now, according to the Mortgage Bankers [...]

U.S. properties saw an overall return of minus 7.4 percent last year and minus 9.2 percent in the first quarter of 2009. Those were the findings of Investment Property Databank, the United Kingdom-based real estate performance analysis company, which launched a U.S. version of its property index yesterday and plans to launch a global index [...]

With the growing evaporation of jobs, Orange County, Calif.’s multi-family housing sector is starting to feel the burn. Yet, deteriorating fundamentals aren’t scaring off investors like Sequoia Equities Inc., which recently acquired the 484-unit Alize Apartments in the upscale Aliso Viejo master planned community from Northwestern Mutual Life Insurance Co. for $75 million. [...]

After the stock market’s strong performance on Tuesday, some worrisome economic figures put a damper on the party on Wednesday. The National Association of Realtors has pegged the nation’s unsold housing inventory–including single-family, townhouses and condos–at 3.97 million units in April, or roughly a 10-month supply at the current slow-mo sales pace. Unsold residential inventory [...]

When will it end? That is the question on everyone’s lips, but answers have been slow to emerge. However, it seems investors, brokers and owners anticipate another year of slumping sales before recovery is at hand, according to a new survey from online real estate market LoopNet. LoopNet oversaw the survey of more than 1,500 [...]

The big-ticket office deals are few and far between these days, even in the leading markets, but properties with more palatable price tags, like a 200,000-square-foot office complex in the Los Angeles area, are finding buyers. Real estate and entertainment law firm Greenberg Glusker has snapped up just such a property in El Segundo, Calif., [...]

Massive job loss and the struggling economy are finally catching up to the multi-family market, but with demand holding strong in certain pockets and government lenders still in full force, this sector of commercial real estate continues to attract financing with far more ease than the office and retail sectors. The 432-unit Village at Secret [...]