Tuesday , September 26 2023

Real Estate

Home equity goes up

U.S. homeowners with mortgages saw the equity in their homes increase by an average of 8.1 percent during the fourth quarter of 2018 compared with exactly one year earlier, according to data released Friday. The average homeowner gained $9,700 in home equity between the end of 2017 and the end …

Read More »

Local, national home prices increase

Home Prices Increase

Home prices rose 4.4 percent nationwide in January compared with January 2018 but were essentially unchanged month-over-month, according to data released Tuesday. Prices of single-family homes and condominiums are expected to rise 3.4 percent this year compared with 2018, Irvine-based CoreLogic reported. “The spike in mortgage interest rates last fall …

Read More »

Food product company to expand

Industrial Tenants Announced

A Mira Loma-based manufacturer and distributor of high-end food products is expanding. Magnolia Foods has leased a 120,576-square-foot industrial building at 1450 Alder Ave. in Rialto, which is part of a new business park that is within the Renaissance project, according to Voit Real Estate Services, which helped negotiate the …

Read More »

Hesperia gas station, convenience store is sold

A freestanding ARCO gas station that includes a 2,500-square-foot ampm Store in Hesperia has been sold. The business, at 16815 Main St. sold for $4.6 million, according to a statement released by Progressive Real Estate Partners in Rancho Cucamonga. Progressive Real Estate represented the buyer and the seller in the …

Read More »

Developer plans first IE project

Industrial Project

Stream Realty Partners, a national real estate development, services and investment firm, will build its first Inland Empire project. The company will develop a 160,000-square-foot industrial building in Fontana for Cabot Properties, a private equity real estate investment firm in Boston, according to a statement. The project will be developed …

Read More »

SC housing market continues to slide

The Southern California housing market is officially off to a weak start in 2019. Sales of single-family houses and condominiums totaled 12,665 in January, a  drop of 17.1 percent compared with January 2018, CoreLogic in Irvine reported. That was the lowest number of houses sold in January since 2008, when …

Read More »