Tuesday , May 28 2024
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Real Estate

Inland retail leasing appears to be slowing

New Retail Center Lands More Tenants

The Inland Empire retail market may be slowing. Retail leasing in Riverside and San Bernardino counties is expected to reach 3.7 million square feet this year, according to Progressive Real Estate Partners in Rancho Cucamonga. If that forecast holds, it would be a 35 percent drop compared with the previous …

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National, local mortgage delinquencies remain low

Inland Empire Foreclosures Down

Four percent of all U.S. mortgages were in some state of delinquency – 30 days or more past due, including foreclosures – during June, a year-over-year decline of .3 percent, according to data released Tuesday. The national inventory foreclosure rate in June was .4 percent, virtually unchanged from June 2018 …

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Large senior community in Riverside sells

Altavita Village in Riverside, the third-largest senior-living community in California, has been sold. The 589-unit project, which covers approximately 1.2 million square feet, sold for $58 million, according to a statement. Air Force Village West Inc. sold the property to Senior Living Riverside, LP, an affiliate of La Jolla-based Westmont Living.  …

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Beaumont fast-food restaurant sells

A Popeyes Louisiana Kitchen in Beaumont has been sold. The restaurant, at 501 E. 5th St., sold for $2.2 million, according to Progressive Real Estate Partners in Rancho Cucamonga, which helped negotiate the sale. Progressive represented the seller, a private investor in Riverside. Hipwell Real Estate in San Jose represented …

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San Bernardino apartment complex sells for $37.4 million

A 197-unit multifamily complex in San Bernardino has been sold. The Vue Apartment Homes at 1660 W. Kendall Drive sold for $37.4 million, according to a statement released by CBRE. The seller was FPA Multifamily, a real estate investment firm in Irvine. Dalan Management, a New York real estate investment …

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Southern California housing market perks up

Local, National Home Prices Continue to Increase

The Southern California housing market got a much-needed boost in July, helped in part by a drop in mortgage rates and a jump in inventory. Twenty two thousand seventy one new and existing single-family houses and condominiums¬†were sold in the six-county region last month, up 3.7 percent from July 2018, …

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