Friday , April 19 2024
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Real Estate

Fewer “underwater” homes in IE

“Underwater” Home Decline

Five point three percent of all Inland Empire homes with a mortgage were in negative equity during the third quarter, according to data released Thursday. That was a five percent drop year-over-year and a one percent decline from the second quarter of this year, CoreLogic reported in its latest home …

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Furniture company buys Eastvale industrial building

Industrial Tenants Announced

One of 10 industrial buildings at an Eastvale industrial park has been sold. Parker House Furniture has bought the 271,140-square-foot structure at 6300 Providence Way, according to CBRE Group Inc. The building, which the furniture manufacturer plans to use for warehousing and distribution, is part of The Campus, a group …

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Home prices nationwide continue to rise

Home Prices Increase

U.S. home prices were up seven percent in October year-over-year, the second consecutive month prices have risen by that amount compared with the previous year. Compared with September, home prices nationwide – including distressed sales – rose just short of one percent, according to Irvine-based CoreLogic, which released its monthly …

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New industrial project in Perris leases space

Warehouse Deal Approved As Property Values Drop.002

Hardwoods Speciality Products, a leading distributor of hardwood veneers, plywood and solid lumber products, has leased warehouse-distribution space in Perris. The 147,000-square-foot building is part of the Harley Knox Logistics Center, a new Class A industrial facility at 17610 Harvill Ave., according to a statement released Thursday. San Francisco-based Newcastle …

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Home prices rise on lack of inventory

Inland Empire Homeowners Spending More on their Homes

Southern California home sales rose 3.6 percent in October year over year, the highest number for that month since 2012. The median price of a home in the six-county region last month, $495,000, was up 6.5 percent compared with October 2016, according to data released Wednesday by CoreLogic in Irvine. …

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SB industrial properties sold

Inland industrial market is more than solid

Two industrial buildings in San Bernardino have been sold. Westcore Properties, a San Diego-based commercial real estate investment firm, bought properties at 927 E. Ninth St. and 7776 E. Tippecanoe Ave. for an undisclosed sum, according to a statement released Monday. The seller was The Bentall Kennedy Group in Toronto. …

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