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Real Estate

Inland Empire Distressed Sales Drop

State housing affordability slips

Distressed home sale accounted for 10.7 percent of all single-family home sales in the Inland Empire in December, Irvine-based CoreLogic reported Wednesday. Since February 2009, when distressed sales in Riverside and San Bernardino counties reached a peak of 76.3 percent, the region’s share of distresses sales have dropped 65.6 percent. …

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Home Prices Increase

Home Prices Increase

Inland Empire home prices, including distressed sales, were up 6.1 percent in January compared with one year earlier. That number followed the national trend: single-family home sales, including distressed sales were up 6.9 percent in January compared with January 2015, Irvine-based CoreLogic reported in its Home Price Index and Forecast, …

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IE Industrial Market Stays Hot

Inland industrial market is more than solid

To no one’s surprise, the Inland Empire’s industrial market remained strong during the fourth quarter of last year. The region’s industrial sector recorded a 3.3 percent vacancy rate and absorbed more than 8.5 million square feet of space during that time, according to data released Monday by Lee & Associates …

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Home Cash Sales Decline

Warehouse Deal Approved As Property Values Drop.001

Cash sales of Inland Empire homes dropped slightly in November. Overall, 25.6 percent of all home sales in Riverside and San Bernardino counties during that month were cash transactions, a year-over-year decline of 1.4 percent, according to data released Friday by CoreLogic Irvine. That was well below the national rate …

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Inland Foreclosures Down Slightly

Inland Empire Foreclosures Down

The Inland Empire recorded a foreclosure rate of 0.70 percent in December, down 0.18 percent year-over-year, according to data released Tuesday. Foreclosure activity in Riverside and San Bernardino counties during the last month of 2015 was lower than the national foreclosure rate, which was 1.20 percent, Irvine-baed CoreLogic reported in …

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Logistics Operation Changes Hands

McLane Suneast

A regional logistics center in San Bernardino has changed hands in a sale-and-leaseback transaction. The building, at 4472 Georgia Blvd., sold for $27.9 million, according to Colliers International, which helped negotiate the sale. Industrial Property Trust, a Denver-based company that owns and operates logistics operations throughout the United States, bought …

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