Tuesday , September 26 2023

Real Estate

Pending home sales fall again

National pending home sales drops slightly

California’s pending home sales dropped for the third consecutive month in September. Compared with September 2016, pending sales of houses and condominiums were down six percent last month, according to data released by the California Association of Realtors. Compared with August, the news was a little more encouraging, as pending …

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Sales drop as home prices reach 10-year peak

Home Sales Decline

Home sales in Southern California in September fell to a  three-year low for that month, according to data released this week. A total of 20,956 new and resale houses and condominiums changed hands during that month, down 12.9 percent from August and 1.7 percent year-over-year, Irvine-based CoreLogic reported in its …

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IE office market stays afloat

office building gets tenants

The Inland Empire absorbed nearly 30,000 square feet of office space during the third quarter, according to CBRE Group Inc. No office buildings were under construction in the two-county region during that time  – all of the new space happened in buildings already online when the quarter began – and …

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Prime commercial property in Hesperia goes on the market

Progressive Real Estate Partners, one of the Inland Empire’s leading commercial real estate brokerages, is listing approximately 55 acres of prime commercial property in Hesperia. The first parcel, which covers 45 acres, is next to Interstate 15 and the Ranchero Road off-ramp/overpass, according to a statement posted on Progressive Real …

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Industrial market stays strong

Inland Empire Industrial Market

Vacancy in the Inland Empire’s industrial sector dropped slightly during the second quarter, as absorption outperformed new product coming online, according to data released Monday. The two-county region’s industrial vacancy rate during the third quarter was 3.1 percent, down from 3.7 percent one year earlier, Newmark, Knight Frank reported. Average …

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Who says traditional retail is going away?

Inland retail shows growth

Not in the Inland Empire, where brick and mortar has made a strong showing this year. The question is, how long can that trend last? Traditional retail might be going away in a lot of U.S markets, as more people shop online, but it’s performing just fine in the Inland …

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