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Real Estate

Who says traditional retail is going away?

Inland retail shows growth

Not in the Inland Empire, where brick and mortar has made a strong showing this year. The question is, how long can that trend last? Traditional retail might be going away in a lot of U.S markets, as more people shop online, but it’s performing just fine in the Inland …

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Homes planned for Moreno Valley

KB Homes Buys Inland Empire Real Estate

KB  Homes will build 159 homes in Moreno Valley. Bella Cortina will consist of one and two-story structures that will range from 1,700 to 3,000 square feet, according to a statement. Prices will start around $350,000. A timeline for development was not released. Bella Cortina will be built in the …

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Report: state housing market to stay strong

Home Prices Up

California’s housing market should remain strong in 2018, although the state will still be plagued by not enough homes being built as well as an affordability problem, according to a report released Thursday. The state’s housing recovery is expected to continue through next year, but not at the pace it …

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Major office property changes hands

Empire Corporate Center, one of the more visible office properties in the Inland Empire, has  been sold. The four-story, Class A project at 800 Haven Way – currently 83 percent occupied – sold for $16.5 million, according to a statement released Monday by Newmark Knight Frank. MGR Services in Upland …

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Delinquent mortgages reach record low

Local Foreclosures Keep Dropping

Four point six percent of all U.S. mortgages in July were in some state of delinquency during July, a year-over-year decline of nearly one percent, according to data released Tuesday. In the Inland Empire, 4.3 percent of all mortgage payments in July were overdue by at least 30 days, compared …

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SB office building sells

Inland Empire office market continues to improve

A Class-A office building in San Bernardino has been sold. Northpointe sold to TPG Capital & Gramercy Property Trust, a partnership that buys and manages office properties nationwide, for $45 million, according to a statement released Monday by Newmark Knight Frank. The seller was Founders Properties LLC, a privately held …

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