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Real Estate

Judge OK’s Approval of Mega Industrial Project

Judge Refuses to Toss Corruption Charges

A judge has upheld Moreno Valley’s approval of the proposed World Logistics Center. Riverside County Superior Court Judge Sharon Waters ruled that the city council did not circumvent state environmental laws when it approved the proposal based on the nearly 50,000 signatures gathered on its behalf, according to a city …

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Southern California Home Sales Tumble

Home Sales Decline

Home sales in Southern California fell 10.7 percent in July year-over-year, the largest 12-month decline of any month in almost two years, according to data released Wednesday. In the Inland Empire, sales of new and resale houses and condominiums were down 7.8 percent in Riverside County and 11.6 percent in …

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SB County Retail on the Rise

Inland retail shows growth

More than one million square feet of retail development is being planned or is under construction in San Bernardino County, the county reported Monday. A stronger economy, better housing and population growth – San Bernardino County has gone from 2,121,088 residents last year to 2,139,570 residents this year, an increase …

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UCR Housing Complex Sells

Housing Complex Sells

International Village, a 92-unit student housing complex on the campus of UC Riverside, has been sold. The multifamily project, which was built in 2001 exclusively for student use, sold for $20 million to an investment group in the San Gabriel Valley, said Otto Ozen, executive vice president with The Mogharebi …

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Assisted-Living Community Nears Completion

Renaissance Village Murrieta

Murrieta will soon have a much-needed assisted-living and memory-care facility. Renaissance Village Murrieta, a 225-bed community that will include a 2,500-square-foot rehabilitation center, is expected to open its first phase this fall, said Aaron Rintamaki, assistant planner with the city of Murrieta. Developer Continental East Development in Murrieta has not …

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Home Prices Keep Increasing

Home Prices Keep Increasing

Home prices, including distressed sales, increased in the Inland Empire during June, according to data released Tuesday. Prices were up 5.8 percent year-over-year and 0.6 percent compared with May, Irvine-based CoreLogic reported in its monthly study on U.S. housing prices. That was essentially the same as the national rate: a …

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