Tuesday , September 26 2023

Real Estate

Housing community to show first models

A gated community in Corona that will one day accommodate more than 1,600 home will display its first model homes Saturday. Bedford, which is being developed by The New Home Company in Aliso Viejo, is located southwest of the Cajalco Road-Interstate 15 interchange according to a statement released Wednesday. It …

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Riverside logistics building changes hands

Warehouse Deal Approved As Property Values Drop.002

A 504,000-square-foot warehouse-distribution facility in Riverside has been sold. Meridian Distribution Center II, which is part of the planned Meridian Business Park industrial project, sold for a reported $52 million, according to a  statement released Tuesday. Invesco Real Estate, a global real estate investment firm, bought the project from Sun …

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Master-planned community breaks ground

Pardee Homes Inland Empire has broken ground on Atwell, a master-planned community in Banning. The project’s first phase will include 480 residential sites, two retail pads and a K-6 school site, according to a statement. It’s the first project of its kind in Banning in more than two decades. When …

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Multifamily market stays strong

Inland apartments part of major transaction

Average multifamily rents in the United States rose $2 last month, a 3.1 percent increase compared with August 2017, according to data released this week. The average multifamily rent in August was $1,412, the seventh consecutive month that figure has hit a record high, Santa Barbara-based Yardi Matrix reported. Nationwide, …

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Foreclosures at lowest rates in 12 years

Inland Empire Foreclosures Down

Four point three percent of all mortgages in the United States were in some stage of delinquency in June, a slight year-over-year drop, according to data released Tuesday. June’s foreclosure inventory rate – which measures the number of mortgages in foreclosure –  was 0.5 percent nationwide, also a slight decline …

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Inland, SC home prices keep rising

Housing prices in Riverside and San Bernardino counties rose 7.4 percent during the past year, according to data released Tuesday. Los Angeles County experienced a 7.6 percent housing appreciation between July 2016 and July of this year, while Orange County recorded a 5.9 appreciation rate during that time, Core Logic …

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