Real Estate

Modus Furniture International has renewed for five years the lease on its Fontana warehoused-distribution operation. The Los Angeles-based company, one of the largest makers of commercial furniture in the United States, signed a $6 million agreement to remain at Vintage Park East, according to a statement. Colliers International Ontario represented …

Home cash sales were up slightly in the Inland Empire in December, according to data recently released. Overall, 28.1 percent of all home sales in Riverside and San Bernardino counties during the last month of 2016 were cash transactions, according to CoreLogic in Irvine. That represented a 1.6 percent year-over-year …

Southern California home sales stumbled during February, posting a slight year-over-year loss and a larger decline  compared with January. Sales of new and resold houses and condominiums were down 1.7 percent year-over-year and 3.4 percent month-over-month, Irvine-based CoreLogic reported Tuesday. One reason for the decline was that this February had …

Nearly seven percent of all residential properties with a mortgage – more than 65,200 total – in the Inland Empire had negative equity during the fourth quarter of last year. That represented a drop of 0.4 percent compared with the third quarter of 2016, and was down nearly three percent …

Construction has begun on two speculative industrial projects in the Inland Empire, one in Riverside, the other in Chino. Both are being developed by Newcastle Partners in San Francisco, and when finished they will cover more than 570,000 square feet combined, according to a statement. The first facility, Meridian Distribution …

Home prices, including distressed sales, were up 6.1 percent in the Inland Empire in January compared with one year earlier, according to data released Tuesday. Month-over-month, prices in Riverside and San Bernardino counties were essentially flat, rising only 0.4 percent, Irvine-based CoreLogic reported. Nationwide, home prices were up 6.9 percent …