Real Estate

Southern California’s median home price rose 8.4 percent in March, as too many buyers pursued too few new and existing houses and condominiums. The region’s median price, 519,000, was a $40,000 increase from March, 2017, according to Irvine-base CoreLogic’s monthly housing report, which was released Monday. That was also the …

The Inland Empire posted strong retail numbers during the first quarter, bolstered by five shopping centers completing construction during that time. Riverside and San Bernardino counties added 355,725 square feet of retail space during that time while absorbing nearly 20,000 square feet, according to CBRE. Leases averaged $2.00 per square …

Ground has been broken on 1.6 acres in Highland that will be home to two fast-food restaurants. The retail pads, at 27220 and 27734 Base Line St., will be occupied by a Panda Express and a Jack in the Box, according to a statement released Tuesday by Evergreen Devco Inc. …

The soon-to-open Redlands Packing House District has signed another tenant. Augies Coffee Roasters will occupy a 1,079-square-foot space at the northwest corner of Eureka Street and Stuart Avenue, according to a statement released Wednesday. It will be Augies’ second Redlands location and its fifth in Southern California, Glendale-based Evergreen Devco …

The Inland Empire industrial market stayed red hot during the first quarter of 2018, according to data released Wednesday. The region’s vacancy rate was 4.7 percent, down from five percent during the first three months of 2017, about 0.30 percent lower than the historical average dating to the first quarter …

Trammel Crow Co. recently completed three industrial buildings in the Inland Empire that total 2.4 million square feet. Those developments are a one-million-square-foot structure in Riverside’s Hunter Park, a 750,000-square-foot building in Riverside County’s Interstate 215 Corridor and a 600,000-square-foot building in Fontana’s Sierra Lakes district, according to a statement …