Mortgage loans that originated during the third quarter of this year were among the strongest home loans issued in the U.S. since 2001, according to data recently released. The average credit score for homebuyers increased five points year-over year-between the third quarter of 2015 and the third quarter of 2016, …
Read More »MV Project Gets Final EIR
The final environmental impact report for the Indian Street Commerce Center project in Moreno Valley, is available for public review. The project, a 446,350-square-foot warehouse-manufacturing building, will be developed on 19.6 acres south of Grove View Road on the west side of Indian Street, according to a statement on the …
Read More »Retail Leases Announced
WestMar Commercial Real Estate in Temecula has announced three lease signings in southwest Riverside County. Juice It Up, the juice bar chain that specializes in real fruit smoothies, has agreed to lease 1,131 square feet of retail space at Vail Headquarters at Red Hawk Town Center, according to a statement. …
Read More »Company Selling, then Leasing Back its Office Space
A chain of medical offices in the Inland Empire is selling its office space to private investors, then leasing that space back in attempt to cut costs. Inland Psychiatric Medical Group Inc. began selling its 10 Inland Empire properties about two years ago, and is expected to sell the last …
Read More »Murrieta Mall Lands Pair of Tenants
A sandwich shop and an ice cream parlor have leased space at a Murrieta shopping mall. Jimmy John’s Gourmet Sandwiches has signed a 10-year agreement to occupy 1,325 square feet of space at Murrieta Springs Plaza, a grocery-anchored shopping center at 25296 Madison Ave., according to WestMar Commercial Real Estate …
Read More »Inland Empire Underwater Homes Decline
The number of Inland Empire homes with negative equity – better known as underwater or upside down – fell during the third quarter, according to data released Thursday. Eight point three percent of all residential properties with a mortgage in Riverside and San Bernardino counties had negative equity during the …
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