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REAL ESTATE
LA Firm Buys Mira Mesa Market West Shopping Center for $99 Million
Los Angeles-based Decron Properties has purchased the Mira Mesa Market West Shopping Center from Stockbridge Capital Group for $99 million, it was announced Thursday. The 238,747-square-foot shopping center in Mira Mesa is anchored by Home Depot, Smart & Final and CVS. Built in 2000, Mira Mesa Market West is located at 10604 Westview Parkway at Mira Mesa Boulevard.
Study: Housing Prices Far Outpaced Consumer Inflation in San Diego, Across U.S.
One measure of housing prices in the last five years shows them rising far faster than general inflation over the same period, according to a new analysis of real estate data. The increase in median price-per-square foot suggests that the typical home on the market today is worth 52.7% more than before the pandemic, more than double the roughly 23% increase in consumer inflation since May 2019, said Danielle Hale, chief economist for Realtor.com.
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