Real Estate

The Inland Empire industrial market continued to roar during the second quarter. Vacancy was 3.7 percent, net absorption was 6.2 million square feet, approximately 17.2 million square feet of development was under construction and lease rates were 50 cents per square foot as the quarter ended, according to CBRE Group …

Single-family home sales in Southern California were flat last month compared with one year earlier, according to data released Tuesday. A total of 24,326 new and used home were sold in the six-county market in June, a drop of -0.2 percent compared with June 2015, Irvine-based CoreLogic reported in its …

FHA loans, which are home loans insured by the Federal Housing Authority, now account for approximately 30% of all home loans in the United States. FHA loans in California can be hard to come by in some cities because of high property values – but according to one local mortgage …

Foreclosures in the Inland Empire dropped slightly in April. The foreclosure rate on outstanding mortgage loans in Riverside and San Bernardino counties fell 0.18 percent compared with April 2015, to a total of 0.61 percent, Irvine-based CoreLogic reported Tuesday. That was below the national rate of foreclosures – 1.03 percent …

Cash sales of single-family homes in the Inland Empire dropped slightly during March, according to data released Thursday. The number of cash transactions during the third month of the year in Riverside and San Bernardino counties was 25.3 percent, a 1.6 percent decrease year-over-year, Irvine-based CoreLogic reported in its monthly …

Two free-standing retail properties in Moreno Valley have been sold. Rite Aid, which occupies a 16,730-square-foot building at 24991 Alessandro Blvd., and KFC, which is in a 2,995-square-foot structure at 16040 Perris Blvd., were sold to separate buyers, according to Faris Lee Investments. The Rite Aid sold for $5 million. …