The average price per square foot of homes sold in the Sacramento metropolitan area fell nearly 15 percent in a year, the biggest drop among 25 major national markets tracked by Radar Logic Inc., the New York-based real estate analyst reported Friday.

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The Lightstone Value Plus Real Estate Investment Trust Inc. has purchased a portfolio of five apartment communities, including two in Charlotte. (CPT)

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Financing has fallen into place to redevelop a key gateway site of East Liberty's business district that was formerly occupied by a blighted high-rise that straddled Penn Avenue.

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Philip Shoults has been promoted to vice president of oriented strand board sales and marketing at Louisiana-Pacific Corp., the building supply retailer announced today. (LPX)

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Home sales in the Austin market may be down, but the value of local residential real estate continues to rise faster than in most other markets around the country.

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The owners of Curtis Chevrolet have partnered with Rockville-based developer Foulger-Pratt Development Inc. to turn their car dealership at 5929 Georgia Ave. NW into new residences and retail.

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The level of economic activity taking place in the Triad was flat in the month of October, according to the latest Triad Business Index published by UNC-Greensboro's Bryan School of Business and Economics.

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Retail sales moderated, the drought worsened and foreclosures grew in the Southeast from October through mid-November, according to the Federal Reserve's Beige Book report published Nov. 28.

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The percentage of households that could afford an entry-level home in California stood at 24 percent in the third quarter, unchanged from the same period a year ago, according to a report released Thursday.

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California Gov. Arnold Schwarzenegger has launched a public awareness campaign to help homeowners by counseling them about options to avoid foreclosure.

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