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 …
Read More »Local, national home prices up
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 …
Read More »Pending home sales data is a mixed bag
California’s pending home sales were essentially unchanged in January compared with the previous year. The state’s pending home sales index was 107.2 in January, down from 107.4 in January 2016, according to the California Realtors Association in Los Angeles. Compared with December, pending sales – in which a contract has …
Read More »Inland Empire foreclosures decrease
The Inland Empire’s foreclosure rate dropped slightly in December, according to data released Thursday. Riverside and San Bernardino counties’ foreclosure rate among outstanding mortgages was 0.47 percent during the last month of 2016, down from 0.70 percent in December 2015, Irvine-based CoreLogic reported. That was below the national foreclosure rate …
Read More »Denny’s building sells
A 3,700-square-foot retail building in Riverside that has been occupied by a Denny’s restaurant for 50 years has been sold. The property, at 3530 Madison St., sold for $3.5 million to Yuanqi International in Arcadia, according to Faris Lee Investments in Irvine, which helped negotiate the sale. Hfc/Prp Madison, LLC, …
Read More »Three residential neighborhoods planned for Menifee
Pardee Homes in Pasadena has purchased 359 residential lots in Menifee, where it plans to develop three neighborhoods. The seller was Menifee Heights Inc. LLC, a group of private investors, according to WD Land in Irvine, which helped negotiate the transaction. The land is now raw open space that must …
Read More »