Real Estate

The typical U.S. homeowner owns their house for nearly 12 years, but California homeowners tend to keep their home much longer, according to a report. One reason California homeowners stay put longer than homeowners in other states could be Proposition 13, the 1978 initiative that mandates homeowners pay property taxes …

Construction has begun on 38 single-family homes in Corona that will be available for rent. The project, which is being developed on 4.7 acres at Citron Street and Taylor Avenue, is being built by Tricon Residential Inc, and Foremost Pacific Group Inc. in Mission Viejo, according to a statement. Tricon …

Riverside had one of the largest increases in pending home sales – 1.3 percent – of any major city in the United States during the four-week period that ended March 2, according to a report. Other major metros that experienced major year-over-year increases in that category included Los Angeles (8.5 …

Dedeaux Properties, a Commerce-based real estate development and management firm, has acquired certificates of occupancy for six industrial properties in the Inland Empire. The projects include a 167,000-square-foot warehouse in Ontario, a 326,000-square-foot warehouse in Riverside, a 165,000-square-foot high-velocity distribution center in Fontana, a 53,000-square-foot cross-dock facility in Perris, a …

The Krikorian Entertainment Complex in Menifee is being torn down before it was ever competed. The project, which was under construction but abandoned not long after the pandemic began five years ago, was declared a public nuisance in June by the city council. Demolition of the dilapidated structure began Jan. …

Nearly 120 new homes are on the way in a 20-acre master-planned community in Palm Springs. SunCal, a real estate developer that specializes in master-planned communities, sold 119 home lots in Escena Palm Springs to Toll Brothers, a developer of luxury homes, according to a statement. Cost of the transaction …