Real Estate

Housing affordability in California held its ground during the fourth quarter, according to the California Association of Realtors. Thirty-one percent of all households statewide could afford the $607,040 median-priced home in the fourth quarter of 2019, unchanged from the third-quarter 2019 and up from 28 percent year-over-year, the association reported …

A “last-mile” distribution center in San Bernardino that is fully leased to FedEx has been sold. Gateway 5 Building South covers 143,327 square feet at 945 S. Sunnyside Ave., according to a statement. A fund sponsored by CBRE Global Investors bought the building for an undisclosed sum. Names of the …

Three point eight percent of all Inland Empire mortgages were in some state of delinquency in November, unchanged from November 2018, according to a report. Also unchanged year-over-year was serious delinquencies and the number of properties in some state of foreclosure – one percent and 0.3 percent, respectively – CoreLogic …

Despite a severe housing shortage, the Chino city council said no to Chino Francis Estates, leaving the project’s developer to explore their options. Chino Francis Estates seemed like the ideal housing development for a city in need of more housing.  According to the Southern California Association of Governments, Chino needs …

Average rents for multifamily properties in the Inland Empire are expected to rise 3.2 percent this year, nearly a one percent increase year-over-year if that forecast is accurate, a report released earlier this week predicted. Multifamily rents in Riverside and San Bernardino counties are expected to grow at about the …

Five recently constructed retail buildings at Eastvale Marketplace, a grocery-anchored shopping center, have been sold. All five structures are approximately 57,000 square feet each, with one home to a Smart & Final Extra, according to a statement released by Hanley Investment Real Estate Advisors, a division of Hanley Investment Group, …