Real Estate

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 …

Multifamily rents continued to grow in April, rising to an average of $1,377 per month nationwide, according to data released this week. That was an increase of $4, enough to boost rent growth nationwide by $10 during the last two months, commercial real estate data and research firm Yardi Matrix …

An ice manufacturer and distributor will occupy an industrial building in Lake Elsinore that was completed earlier this year. An entity of San Diego Ice Co. paid $3.4 million for the 24,000-square-foot building in Fairway Business Park, according to Avison Young, the commercial real estate firm that helped negotiate the …

The Inland Empire’s mortgage delinquency rate dropped slightly between February 2017 and February of this year, according to data released Tuesday. Four point two percent of all mortgages in Riverside and San Bernardino counties were delinquent by 30 days or more in February, a .4 percent drop year-over-year, Irvine-based CoreLogic …

Home prices nationwide were up in March, the result of a lot of potential buyers but not enough houses to meet demand, according to report released Tuesday. Prices rose seven percent year-over-year and 1.4 percent compared with February, Irvine-based CoreLogic reported in its monthly Home Price Index. “Home prices grew …

The numbers aren’t through-the-roof, but there’s reason to believe the market might be stronger than the data indicates. On the surface, the Inland Empire office appears to be plodding along, keeping its head above water but not accomplishing much else. The first quarter numbers from two major brokerages tell a …