A Los Angeles-holding company has purchased 229 lots in Ontario that will be used for residential development. DR Horton bought the 48-acre property bordered by Chino and Bellegrave avenues from Ontario Schaeffer Holdings LLC, an investment group, for an undisclosed sum, according to WD Land in Irvine, which arranged the …
Read More »KB Home to host grand opening
KB Home is scheduled to hold a grand opening today for Daybreak, a high-end housing development it plans to build in Moreno Valley. The project will consist of 114 one and two-story houses that will range from 2,100 to 2,800 square feet, with up to six bedrooms and three bathrooms, …
Read More »Former Kmart to become RV dealership
A retail building in Colton once occupied by Kmart has been sold. The property at 1175 S. Mount Vernon Ave. was purchased for $5.3 million, according to a statement released Tuesday by CBRE Group Inc. The buyer, a private investor in Orange County whose name was not released, plans to …
Read More »Inland delinquent mortgages drop
Four point three percent of all Inland Empire mortgages were delinquent by at least 30 days in September, a drop of 0.5 percent year-over-year, according to data released Wednesday. Inland mortgages in serious delinquency – 90 days or more past due – totaled 1.4 percent in September, down 0.3 percent …
Read More »Fewer “underwater” homes in IE
Five point three percent of all Inland Empire homes with a mortgage were in negative equity during the third quarter, according to data released Thursday. That was a five percent drop year-over-year and a one percent decline from the second quarter of this year, CoreLogic reported in its latest home …
Read More »Furniture company buys Eastvale industrial building
One of 10 industrial buildings at an Eastvale industrial park has been sold. Parker House Furniture has bought the 271,140-square-foot structure at 6300 Providence Way, according to CBRE Group Inc. The building, which the furniture manufacturer plans to use for warehousing and distribution, is part of The Campus, a group …
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