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Real Estate

Home sales hit record high

Home prices rise again

Southern California housing prices reached another record in April, according to data released this week. The median price of an existing single-family home or condominium in the five-county region was $520,000, up $1,000 from the previous record set in March, CoreLogic in Irvine reported. That was a 7.2 percent increase …

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UCR study is optimistic about local housing market

Home Cash Sales Decline

There are no signs of a pending housing bubble, and 2018 might end up being the best year in recent memory for people trying to buy a home in the Inland Empire, according to a study. Single-family home prices have doubled in the Inland region since 2011, and market fundamentals …

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Solar panel mandate causes concern among homebuilder trade group

Starting in 2020, all houses built in California must have solar panels. That will add to the cost of houses, but trade group officials say the move was inevitable. You’ll never guess which agency is supporting the state’s plan to require solar panels on virtually all new houses. The Building …

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State homes become slightly more affordable

Non Equity Homes Continues to Decline

Higher wages and lower prices combined to make houses in California more affordable during the first quarter of this year, according to a report released Tuesday. Thirty one percent of the state’s potential homebuyers could afford the median-priced home of $538,640 during the first three months of 2018, up from …

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Industrial building sells, but owner plans to lease it back

Industrial Tenants Announced

A fully leased industrial building in Riverside has been sold. The structure, at 1100 E. Citrus St., sold for $20.2 million to LBA Realty Inc., a full-service investment firm based in Irvine, according to a statement released by Cushman & Wakefield. The seller was AMA Plastics Inc./Westfall Technik Inc., the …

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Construction starts on shopping center

Ground has been broken on a planned shopping center in Jurupa Valley. Shops at Bellegrave is being developed at Etiwanda and Bellegrave avenues and is expected to open during the fourth quarter of this year, according to a statement. The two-building project, which will replace a drive-thru restaurant, is being …

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