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Real Estate

Master Planned Community to get First Neighborhoods

Inland Empire Master Planned Community

Del Webb Community Homes will build the first two neighborhoods in Terramor, a master-planned community in Temescal Valley just south of Corona. The communities, both of which are expected to be completed next spring, will be for people 55 and older, according a statement released Wednesday. The Del Webb neighborhoods, …

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High Desert Industrial Building Under Construction Lands Tenant

Plastipak Packaging Inc

A company that designs and manufactures plastic containers for food, beverage and other consumer products will add to its operation at Southern California Logistics Airport in Victorville. Plastipak Packaging Inc. has leased part of 370,023-square foot industrial building that is being built by Stirling Development, the airport’s master developer, according …

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Local Real Estate Brokerage Purchased

Century 21 Peak

Century 21 Peak has acquired American Inland Empire R.E., Inc., a real estate company that does business as Weichert Realtors 24/7. The purchase, which was announced last week, is part of Century 21 Peak’s bid to expand its market share in Southern California during the next five years. Terms of …

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Home Prices Keep Rising

Local, National Home Prices Continue to Increase

Home prices, including distressed sales, were up 5.6 percent year-over-year in the Inland Empire in October, according to data released Tuesday. That was below the national rate of 6.7 percent, Irvine-based CoreLogic reported. “While national home prices increased 6.7 percent, only nine states had home price growth at the same …

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Local Foreclosure Rates Fall

Inland Empire Foreclosures Down

The Inland Empire’s foreclosure rate dropped in September, another sign that the region’s economy continues to mend. Among all outstanding mortgage loans in the two-county region, 0.49 percent were in some state of foreclosure, a drop of 0.23 percentage points year-over-year, Irvine-based CoreLogic reported. That was lower than the national …

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Housing Sales Slow, Prices Jump

Local, National Home Prices Continue to Increase

Southern California’s housing market sent out mixed signals during October, with flat sales but a noticeable rise in prices. Sales of houses and condominiums in the six-count region – the Inland Empire plus Los Angeles, Orange, San Diego and Ventura counties – were up an insignificant 0.3 percent year-over-year, according …

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