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Real Estate

Retail center adds tenants

Inland retail shows growth

Perris Marketplace, a neighborhood retail center anchored by a Super Walmart, is now fully occupied. Baskin Robbins, Jamba Juice and Daniel’s Jewelers all recently signed leases to locate at the facility at 1700 N. Perris Blvd. near Interstate 215, according to Progressive Real Estate Partners. Details of the leases, which …

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Retail property in Riverside sells

Retail Building Sells

A neighborhood retail center next to Riverside Plaza that recently underwent a major renovation has been sold. The property, at 3739-3747 Central Ave., changed hands for a little more than $4 million, Faris Lee Investments announced Thursday. Red Mountain Retail Group in Santa Ana, which revives underperforming shopping malls sold …

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Local, national rental rates rise

Inland apartments part of major transaction

U.S. monthly rents rose 2.4 percent in August year-over-year, to an average of $1,352, according to a report. Gains in rent slowed somewhat during the summer, mostly because of a slowdown in multifamily construction, Yardi Matrix reported. Yardi Matrix, which conducts research for the apartment industry, revised its prediction for …

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Home prices keep rising

Local, National Home Prices Continue to Increase

Home prices in Riverside and San Bernardino counties rose 6.8 percent in July compared with July 2016, according to data released Tuesday. Month-over-month, there was a price increase in the two-county region but nowhere near as dramatic: only one percent, Irvine-based CoreLogic reported. The Inland housing market practically mirrored the …

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SoCal housing prices continue to rise

Home Prices Increase

Southern California home prices continued to rise in July, as the state continued to be plagued by a seemingly endless housing shortage. The median price of a home last month was $501,000, a 7.7 percent increase compared with July 2016, Irvine-based CoreLogic reported Tuesday. That was the highest price recorded …

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Pending home sales trend low

State housing affordability slips

Pending home sales in California were down in July, the result of declining affordability and not enough houses being built. Statewide, pending sales were down 2.6 percent last month compared with July 2016, according to a report released Wednesday by the California Association of Realtors. Compared with June, pending sale …

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