Saturday , April 13 2024
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Real Estate

Corona shopping center sold

New Retail Center Lands More Tenants

McKinley Crossroads, a retail center in Corona anchored by a 24-Hour Fitness and a Simply Fresh Market, has been sold. The 202,134-square-foot facility at 275 Teller St. next to the 91 Freeway has been sold to ShopOne Centers REIT Inc., according to a statement. The name of the seller, as …

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Low inventory fuels increase in home prices

Home Prices Increase

U.S. home prices, including distressed sales, rose sharply in September, mostly because of a low of inventory that is driving up prices in most markets, according to data released Tuesday. Nationwide, the average price of a home was up seven percent compared with September 2016 and nearly one percent compared …

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Apartment portfolio sold

Apartment Rental Rates Expected to Rise

A pair of apartment complexes in Colton have been sold for a combined $33 million. San Diego-based Logan Capital Advisors, a development company that specializes in affordable housing, bought the properties at 2270 Cahuilla St. and 1333 Reche Canyon, which combined include 214 units. Average size per unit is 800 …

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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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