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Real Estate

Hearing on Riverside Project Delayed

Industrial Project

A hearing before the Riverside Planning Commission regarding a proposed 1.3 million-square-foot industrial project has been postponed. Hillwood, the Dallas-based real estate developer, and The Magnon Companies in Riverside want to build two warehouse-distribution buildings on land between Sycamore Canyon Wilderness Park and Interstate 215, City Planner Ted White said Wednesday. …

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Housing prices rise

Home Prices Increase

Home prices in the Inland Empire rose 5.9 percent in September compared with exactly one year earlier, according to data recently released. Nationwide, home prices rose 6.3 percent in September year-over-year, Irvine-based CoreLogic reported in its monthly study of home prices. Those numbers include distressed sales, which means a property …

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High Desert industrial project creates 125 jobs

Inland Empire Jobs

Stirling Capital Investments has completed a 447,740-square-foot industrial facility at the Southern California Logistics Centre in Victorville. The building, at the southwest corner of Phantom West and George Boulevard, was pre-leased by Arden Cos., a manufacturer of outdoor furniture and decor, and Newell Brands, a consumer goods company, according to …

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Pending Home Sales Inch Up

Real Estate Good in Inland Empire

Pending home sales in California were up slightly in September, amid signs that the region’s overall housing market might be cooling off. Statewide, pending sales – meaning a contract has been signed but the sale has not yet closed – were up 5.2 percent compared with August and 10.5 percent …

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Housing Market Drops Slightly

Warehouse Deal Approved As Property Values Drop.001

Southern California’s housing market suffered a slight drop in September, as sales were down nearly one percent year-over-year. Overall, 20,927 new and resale houses and condominiums were sold in the six-county region last month compared with 21,093 in September 2015, according to data released Wednesday by CoreLogic in Irvine. Despite …

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Retail Site in Moreno Valley Sold

Inland Empire Retail Properties Sold

A retail site in Moreno Valley that is anchored by an El Pollo Loco restaurant has been sold. The property, at 15135 Perris Blvd, sold for $1.62 million, according to a statement released Tuesday by Ferris Lee Investments. Opened two months ago, the 2,975-square-foot project is at Perris Boulevard and …

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