Thursday, December 13, 2012

Prologis Board Approves J-REIT Sponsorship




California





Prologis Board Approves J-REIT Sponsorship



SAN FRANCISCO-The Japanese real estate investment trust will serve as a long-term investment vehicle for modern logistics facilities developed by Prologis in Japan.









Foreclosure-Related Sales Rise 21% in Q3



IRVINE, CA-The number of US properties sold that were in some stage of foreclosure or bank-owned REO rose from the previous quarter along with short sales, RealtyTrac reports.









Loews, MetLife Form JV to Own Hotel



LOS ANGELES-The venture involving 632-room Hollywood Hotel augments the firm's partnership with MetLife, which also owns Loews Atlanta Hotel.









JH Real Estate Buys Multifamily in Inland Empire



ONTARIO, CA-The Inland Empire has experienced explosive population growth, averaging over 100,000 new residents per year since 2000 and projected to continue expanding at 6.31% annually through 2016, says a source.






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