Pending Home Sales Climbed 8.3% in December

Pending Home Sales Climbed 8.3% in December

WASHINGTON, DC—Pending home sales in December elevated 8.3%, according to the National Association of Realtors. The Midwest, South and West posted monthly gains in transactions while the Northeast recorded a loss. The... Read more »
2023 New home sales helped the economy avoid a recession 

2023 New home sales helped the economy avoid a recession 

People say that housing leads the economy into a recession: this is true when new home sales and housing permits fall together. When that happens, the builders start laying off workers before... Read more »
Two Melrose Property Sales Exceed K/SF

Two Melrose Property Sales Exceed $1K/SF

Kennedy Wilson Brokerage has sold two retail properties on the northwest and northeast corners of Melrose and Edinburgh avenues in Los Angeles for a total of $6.85 million. Representing three buildings on... Read more »
Two Melrose Property Sales Exceed K/SF

CBRE Arranges Sales of Nine Big Lots to Two Buyers

CBRE arranged the sale of nine individual Big Lots store locations in Southern California and Florida to two buyers, Robhana Group and Reliable Properties. CBRE’s retail investment property sales team led by Alex Kozakov and Patrick Wade represented the... Read more »
December home sales slump to close out worst year since 1995

December home sales slump to close out worst year since 1995

A delivery man delivers packages in a Los Angeles neighborhood on January 17, 2024.  Frederic J. Brown | AFP | Getty Images Sales of previously owned homes fell 1% in December compared... Read more »
2023 New home sales helped the economy avoid a recession 

Existing home sales are working from a historic low bar

Today, we saw existing home sales slip a bit month to month, which isn’t surprising to me as purchase application data started its positive run in November. That data line typically looks... Read more »
Existing-Home Sales Slid 1.0% in December

Existing-Home Sales Slid 1.0% in December

WASHINGTON, DC—Existing-home sales retreated in December, according to the National Association of Realtors. Among the four major U.S. regions, sales slipped in the Midwest and South, rose in the West and were... Read more »
Two Melrose Property Sales Exceed K/SF

Hanley Closes Two Single-Tenant Sales at Lancaster Shopping Center

Hanley Investment Group Real Estate Advisors completed the sale of a single-tenant Smart & Final Extra! and a single-tenant dd’s Discounts at the Antelope Valley Plaza, a 127,000-square-foot grocery- and drugstore-anchored shopping center in Lancaster.... Read more »
For LA Agents, Luxury Home Sales Surge in December

For LA Agents, Luxury Home Sales Surge in December

Los Angeles residential agents ended 2023 on a mixed note — but luxury agents saw a boom in December.  In a year-to-year comparison, December business was good, with a 4.5 percent uptick... Read more »
After facilitating 7B in sales, RON firm Proof (formerly known as Notarize) looks to California

After facilitating $347B in sales, RON firm Proof (formerly known as Notarize) looks to California

Since its founding in 2015, remote online notarization (RON) platform Proof, formerly known as Notarize, has helped sellers and buyers close $347 billion worth of real estate transactions, according to an announcement... Read more »