Saturday , February 24 2024

Real Estate

Shopping center gets refinanced

Riverside shopping center gets refinancing

A 99,000-square-foot retail center in Riverside has been refinanced with a $12.8 million loan. The property is part of the Citrus Landing shopping center and is anchored by Stater Bros. Auto Zone and Ross Dress For Less, according to a statement. Located at 7200 Arlington Ave. the parcel also includes …

Read More »

Local real estate firm helps makes sale in Bakersfield

Residential development for sale

Progressive Real Estate Partners in Rancho Cucamonga has helped arrange the sale of a Bakersfield property occupied by Chase Bank. A San Bernardino County investor whose name was not released bought the parcel for $2.9 million, according to a statement released Feb. 21 by Progressive. The seller was a local …

Read More »

State, Inland housing sales both record 12-month increase

median priced home

Sales of existing single-family homes in California totaled 256,160 in January, up 14.4 percent from December and nearly six percent higher than January 2023, according to data released last week. Statewide, the median home price during the first month of this year was $788,940, down 3.8 percent from December but …

Read More »

SoCal housing prices, sales go in opposite directions

Housing rents continue to rise

Southern California’s median home price was $720,000 in December, a 5.1 percent year-over-year increase, according to data released this week. Those numbers include new and resold houses and resold condominiums in Riverside, San Bernardino, Los Angeles, Orange, San Diego and Ventura counties, CoreLogic in Irvine reported Feb. 13. All six counties recorded …

Read More »

Ontario industrial building sold

building sold

A 103,000-square-foot industrial building in Ontario has been sold for $8.8 million. The structure is located on 4.7-acres at 5505 E. Concours St. and is near Interstates 10, 15 and the 60 Freeway, according to a statement. The building has 3,100 square feet of office space and 62 parking spaces. Daum …

Read More »

State housing affordability remains low

Housing affordability in California remained at a 16-year low during the fourth quarter of last year, the result of not enough homes being put up for sale and the high cost of a housing loan. Only 15 percent of the state’s households could afford a median-priced home – $833,170 – …

Read More »