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Real Estate

Industrial lease signed

Industrial properties sold

An international import-export firm has agreed to occupy a 267,000-square-foot industrial building in Fontana. GoPlus Corp. recently signed a 63-month lease on the property at Vintage Park East Industrial Park, one of the more sought-after industrial locations on the Inland Empire’s west side, according to Colliers International. The agreement is …

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Local mortgage picture improves

Home prices rise again

Inland Empire residents are apparently getting better about paying their mortgages. Four point seven percent of all home mortgages in Riverside and San Bernardino counties were delinquent by at least 30 days in February, down from 5.3 percent in February 2016, according to data released by CoreLogic in Irvine. That …

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High-end student housing complex sold

Grandmarc at University Village, a student housing community near UC Riverside, has been sold. The 212-unit luxury facility at 3549 Iowa Road sold for $44.1 million, or $208,018 per unit, CBRE Group Inc. announced Monday. The buyer was Harmonia Hopkins, a Maryland-based investor in student housing. Hopkins plans to manage …

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U.S., local home prices surge

Inland Empire Retail Properties Sold

Home prices, including distressed sales, were up 7.1 percent nationwide during March compared with March 2016, according to data released Tuesday. Month-over-month, the increase wasn’t as substantial: 1.6 percent, Irvine-based CoreLogic reported in its monthly assessment of U.S. housing prices. CoreLogic’s Home Prince Index is only 2.8 percent from its …

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Local home cash sales up

Home Cash Sales

Cash sales accounted for 29.9 percent of all home sales in the Inland Empire in January, a three-percent increase year-over-year, according to data released this week. That was below the national rate – 36.5 percent- for the first month of the year, Irvine-based CoreLogic reported. Nationwide, cash sales peaked in …

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Housing market stays strong

Inland Empire Business & Real Estate News

March was a solid month for the Southern California housing market. A total of 22,042 houses and condominiums, both new and resale, changed hands last month, according to data released Tuesday by CoreLogic in Irvine. That was a 47.6 percent increase month-over-month and a 7.8 percent increase compared with March …

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