Tuesday , June 18 2024

Real Estate

Local Housing Sales, Prices Continue to Rise

Local Housing Sales, Prices Continue to Rise

The Inland Empire housing market stayed solid in November. Sales of single-family homes were up 5.5 percent in Riverside County and 2.3 percent in San Bernardino County last month compared with November 2014, according to data released Wednesday by CoreLogic in Irvine. Prices also posted solid gains: the median price …

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Local Housing Sales, Prices Continue to Rise

Local Housing Sales, Prices Continue to Rise

The Inland Empire housing market stayed solid in November. Sales of single-family homes were up 5.5 percent in Riverside County and 2.3 percent in San Bernardino County last month compared with November 2014, according to data released Wednesday by CoreLogic in Irvine. Prices also posted solid gains: the median price …

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Inland Empire Mortgages on more Solid Footing

Inland Empire Business News January, 2015.004

Negative equity among residential properties in the Inland Empire dropped during the third quarter, according to data released Tuesday. Overall, 11.4 percent of mortgaged residential properties were burdened by negative equity during the third quarter, down from 15 percent year-over-year, Irvine-based CoreLogic reported. About 2.4 percent of mortgaged properties in …

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Inland Empire Office Market is Improving, but Don’t Expect Anything Dramatic in 2016.

Inland Empire Office Market is Improving, but Don’t Expect Anything Dramatic in 2016.

Vacancy is declining and lease rates are holding steady, but speculative development probably won’t happen in 2016. Absorption will likely continue, and maybe even accelerate, if interest rates remain low. While far from reaching a full recovery, the Inland Empire’s office market showed signs of life during 2015. Its vacancy …

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High Desert Shopping Center Changes Hands

High Desert Shopping Center Changes Hands

A neighborhood shopping center in Victorville has been sold. The Shops at Bear Valley, a four-building facility that is 95 percent occupied, has sold for $9.8 million, according to a statement released Friday by Faris Lee Investments. The buyer was an investment company in Beverly Hills whose name was not …

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Industrial Property Changes Hands

Industrial Property Changes Hands

A Los Angeles-based company has purchased industrial property in Ontario. Rexford Industrial Trust Inc., which specializes in owning and operating industrial properties in infill markets, bought three buildings at 601-606 S. Milliken Ave. for $13 million, according to a statement released Thursday. The buildings sit on 7.2 acres and cover …

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