Real Estate

Pending home sales in California fell for the fifth consecutive month in May, according to data recently released. The state’s pending home sales index was 118.1 last month, down from 123 in May 2016, the California Association of Realtors reported. That decline happened even though closed escrow sales were strong …

Newell Brands, a global consumer goods company, has signed a three-year lease to occupy part of an industrial building at Southern California Logistics Airport in Victorville. The company, which has been a tenant at the logistics airport for 10 years, will be located in 195,508-square-feet of Distribution Center 18, a …

Despite what some people might believe, e-commerce is not on the verge of putting traditional brick-and-mortar retail out of business. That was the message delivered Thursday by David Egan, head of industrial research for CBRE Group in the United States and the primary speaker at NAIOP Inland Empire’s mid-year market …

Home sales in Southern California increased 5.2 percent last month compared with May 2016, as home prices in the region reached their highest point in nearly 10 years, according to data released Wednesday. The median price of a home in Southern California last month was $492,000, the highest it’s been …

Homebuilding in the Inland Empire is at its highest rate in nearly 10 years, fueled by a strong demand for single-family homes, a report has found. Construction of single-family homes reached 2,182 units during the first quarter of this year, the largest number since the first quarter of 2008, when …

NAIOP Inland Empire will hold its annual midyear market review June 29 at the Ontario Convention Center. David Egan, America’s Head of Industrial Research at CBRE Group Inc., will deliver the main address, according to a statement released by NAIOP. Egan is CBRE’s primary national spokesman on industrial real estate. …