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Inland Empire Homeowners Sue Builders For Property Value Decline

By Mike Wheatley | September 25, 2011
A group of homeowners in California have revived a lawsuit in the federal courts, alleging that the value of their homes has dropped as a result of negligent actions by eight homebuilding companies. According to a report from Reuters, the homeowners, who live in California's Inland Empire region, say that they purchased their newly-built homes […]
US Real Estate

Phoenix Realty Group Acquires Three Apartment Properties

By Tavis J. Hampton | May 4, 2011
Phoenix Realty Group (PRG) announced the acquisition of an apartment portfolio for three properties containing 432 units in San Bernardino and Highland, California.  The entire portfolio sold for $21.5 million, and Phoenix acquired it from a lender that had taken over the assets in 2009. The properties had gone through a period of distress and […]
US Real Estate

HP Deal Signals Big Corporations Back in the Business

By Mike Wheatley | March 17, 2011
Yesterday’s announcement that Hewlett-Packard has agreed a seven year deal to lease a huge 1.4 million Sq. foot distribution center in San Bernardino marks the return of big corporations to the real estate market, industry observors claim. According to Westcore Properties, the computer technology giants plan to begin operations in the Cajon Distribution Center sometime this summer, and it is hoped that more such deals will be back on the agenda soon.
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