Thursday , March 28 2024
Breaking News

Real Estate

National, local delinquent mortgages fall

Four and one-half percent of all mortgages in the United States were delinquent during May, a year-over-year decline of .8 percent, according to data released yesterday. In May, the number of properties in some stage of foreclosure inventory was 0.7 percent, compared with one percent one year earlier, Ivine-based CoreLogic reported. …

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Industrial park changes hands

Industrial Property Changes Hands

An industrial property in Ontario has been sold. Transpark Industrial Center at 3000 – 3072 Inland Empire Blvd. sold recently for approximately $27 million, according to CBRE Group Inc. The buyer was Rexford Industrial, a Los Angeles real estate firm that specializes in industrial properties. The seller was The Abbey …

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Multifamily portfolio sold

A four-property, multi-family portfolio in Yucaipa and Calimesa has been sold. The Yucaipa properties are at 12350-12370 5th Street and 35455 Yucaipa Blvd, according to CBRE Group Inc. which announced the transaction Monday. The two sites in Calimesa are at 221-233 West County Line Road and 419 West County Line …

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Home prices continue to climb

Home Prices Increase

Inland Empire home prices, including distressed sales, rose by 6.6 percent in June, according to data released Tuesday. Month-over-month, sales in Riverside and San Bernardino counties were up – 1.2  percent – Irvine-based CoreLogic reported in its monthly report on U.S. home prices. Nationwide, home prices – including distressed sales …

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High Desert posts solid commercial numbers

Inland Empire Office Space

The High Desert office market recorded a vacancy rate of 4.2 percent and net absorption of 16,828 square feet during the second quarter, according to Lee & Associates Commercial Real Estate Services. Average lease rates were $1.17 per square foot, according to Dock High, a quarterly newsletter published by Lee …

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Pending home sales fall again

Housing Complex Sells

Pending home sale dropped in California for the sixth consecutive month, a possible sign that the state’s housing market might be slowing down, according to data released Monday. The pending home sales index was 117.9 last month, down from 119 in June 2016, a drop of nearly one percent, the …

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