Wednesday , April 24 2024

Real Estate

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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High-end housing for Temescal Canyon

Despite the drought, California continues to build houses

Foremost Cos., a land investment company based in Newport Beach, has completed two neighborhoods in Temescal Valley. Carraway and Sorrell at Terramor are part of a master-planned community – Terramor – that will include more than 1,400 homes in 16 neighborhoods when completed, according to a statement released by Foremost, …

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State housing affordability falls

State housing affordability slips

Housing affordability in California hit a 10-year low during the third quarter, according to the California Association of Realtors. Twenty eight percent of California households could afford the median price of $555,680 during that period, down one percent from the second quarter and three percent year-over-year, the trade association reported …

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Delinquent mortgages decline

“Underwater” Home Decline

Delinquent mortgages throughout the United States dropped slightly in August, according to data released Tuesday. Nationwide, 4.6 percent of all mortgages were in some state of delinquency – 30 days or more past due – during August, a decline of 0.6 percent year-over-year, Irvine-based CoreLogic reported. Also in August, the …

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Corona shopping center sold

New Retail Center Lands More Tenants

McKinley Crossroads, a retail center in Corona anchored by a 24-Hour Fitness and a Simply Fresh Market, has been sold. The 202,134-square-foot facility at 275 Teller St. next to the 91 Freeway has been sold to ShopOne Centers REIT Inc., according to a statement. The name of the seller, as …

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Low inventory fuels increase in home prices

Home Prices Increase

U.S. home prices, including distressed sales, rose sharply in September, mostly because of a low of inventory that is driving up prices in most markets, according to data released Tuesday. Nationwide, the average price of a home was up seven percent compared with September 2016 and nearly one percent compared …

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