Real Estate

Avison Young has negotiated the sale of an industrial project in Hesperia. Lemon Street Industrial Center, a six-building project at 17229 Lemon St., sold for just under $9 million, according to a statement. The seller was Arcadia-based Positive Investments Inc., the buyer Gofermor LLC on Los Angeles.  The transaction was …

Speculative development is still in the future, but absorption is still high and vacancy continues to drop. The market remains an alternative to Los Angeles and Orange counties, but it remains a long way from reaching its potential. The Inland Empire office market can’t generate any traction. For the past …

A 245-home residential community will be built in the Temecula wine country, with the first of three phases expected to be completed in May. Rancho Soleo is being developed at Pechanga Parkway and Loma Linda Road by TRI Pointe Homes Southern California in Irvine, according to a statement. Homes in …

Three point eight percent of all mortgages in the United States were at least 30 days past due in September, a year-over-year decline of 0.6 percent, according to CoreLogic in Irvine. The national foreclosure inventory rate – all properties in some state of foreclosure – was 0.4 percent, virtually unchanged …

A 7.5-acre parcel in Chino zoned for commercial use has been sold for nearly $3 million. The property, bordered by Eucalyptus and Oak avenues in the College Park Master Planned Community, is the last undeveloped piece in the 710-acre master-planned community, according to a statement. United Trust Realty Corp. in …

The Inland Empire was among the top U.S. metropolitan areas for the use of Veterans Administration home loans during the federal government’s fiscal year 2019. Twelve thousand eight hundred and twelve VA home loans were taken out in Riverside and San Bernardino counties during the 12-month period that ended Sept. …