Wednesday , February 5 2025

Real Estate

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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Health Club Building Sells

Health Club Building Sells

A 33,350-square-foot retail building in Upland has been sold. The freestanding building at 685 W. Foothill Blvd., which is fully occupied by a 24 Hour Fitness, sold for $6 million, according to Irvine-based Faris Lee Investments. That price works out to $180 per square foot, said Jeff Conover, senior managing …

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Inland Empire Foreclosures Drop

Foreclosures continue to drop

More good news for the Inland Empire housing market: foreclosures among outstanding mortgage loans in the two-county region was 0.60 percent in May, a year-over-year drop of 0.16 percent, according to data released Thursday. Foreclosures in the Riverside-Ontario-San Bernardino market during May were below the one percent national rate, Irvine-based …

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