Homebuilder Lennar Corp. said Thursday it managed to narrow its second-quarter loss, but CEO Stuart Miller gave a dour outlook for the industry, saying the housing market has yet to hit bottom and ruling out the prospects of a recovery this year.
“The housing market has continued to deteriorate throughout the first half of 2008. We [...]

Developer Mayer Luce Companies has put its ambitious 505-acre, $1 billion Tuscan Hills development in Desert Hot Springs on hold until the valley’s sluggish housing market shows signs of rebounding.
Company President Walter Luce said the decision to put the brakes on the gated country club community, featuring a Johnny Miller-designed 18-hole golf course as its [...]

Judging by recent profit figures, many of the biggest commercial real estate companies have been unscathed by the housing market slowdown.
A strong job market and increase in corporate outsourcing have bolstered real estate services revenues, enough to offset a slower pace of growth in investment sales that has set in since the booming recent years [...]

While some homeowners have been wringing their hands, agonizing over a cooling real estate market, they might be surprised to see that real estate funds are on track to top the market for the seventh straight year.
So far this year, real estate funds are up about 22.16 percent, and they were up about 8.37 percent [...]

The sales office for Central Park West opens Saturday showcasing a community where residents can walk to work, control their home electronics by phone and use a wine cellar. Sales open for one of the two condo towers.
The almost 43-acre project is the largest proposed in the industrial area near John Wayne Airport where thousands [...]