Sunday , November 24 2024
Breaking News

Real Estate

Major office property changes hands

Empire Corporate Center, one of the more visible office properties in the Inland Empire, has  been sold. The four-story, Class A project at 800 Haven Way – currently 83 percent occupied – sold for $16.5 million, according to a statement released Monday by Newmark Knight Frank. MGR Services in Upland …

Read More »

Delinquent mortgages reach record low

Local Foreclosures Keep Dropping

Four point six percent of all U.S. mortgages in July were in some state of delinquency during July, a year-over-year decline of nearly one percent, according to data released Tuesday. In the Inland Empire, 4.3 percent of all mortgage payments in July were overdue by at least 30 days, compared …

Read More »

SB office building sells

Inland Empire office market continues to improve

A Class-A office building in San Bernardino has been sold. Northpointe sold to TPG Capital & Gramercy Property Trust, a partnership that buys and manages office properties nationwide, for $45 million, according to a statement released Monday by Newmark Knight Frank. The seller was Founders Properties LLC, a privately held …

Read More »

U.S. housing prices keep climbing

Local, National Home Prices Continue to Increase

Home prices, including distressed sales, rose nearly seven percent nationwide in August, year-over-year, according to data released this week. Prices also rose nearly one percent between July and August, Irvine-based CoreLogic reported in its latest Home Price Index. Home prices are expected to go up another 4.7 percent by next …

Read More »

Fast-food eatery changes hands

A Jack in the Box restaurant in Pomona has sold for $3.5 million. The property, at 2098 S. Garey Ave. near the 60 and 71 freeways, was sold by 6814 Lankershim Associates LP in Chatsworth to a private investor whose name was not released, according to a statement. The transaction …

Read More »

State home market might be slowing

Mixed signals in national pending sales

Pending home sales in California slowed for the second consecutive month in August, a sign that the state’s housing market might be starting to soften. Year-over-year, pending sales last month dropped 3.5 percent, according to a report released Tuesday by the California Association of Realtors. Compared with July, pending sales …

Read More »