Real Estate

The number of U.S. houses in foreclosure fell nearly 24 percent in February year-over-year, according to data released Tuesday. During the same period, the number of completed foreclosures nationwide dropped 10 percent, according to Irvine-based CoreLogic. Approximately 6.2 million homes have been lost to foreclosure since the recession started in …

Construction has begun on a 444,740-square-foot industrial building at the Southern California Logistics Centre in Victorville. The project, which is being developed on 21.7 acres by Stirling Capital Investments, broke ground in January and has already secured leases from two tenants, according to a statement released Tuesday. One tenant, a …

A group of real estate professionals on Wednesday called on San Bernardino County to diversify its economy and do a better job of marketing itself to young professionals. In short, the county can’t rely forever on an abundant supply of affordable land and housing to attract businesses and grow its …

Distressed sales accounted for 10.5 percent of all single-family home sales in the Inland Empire in January, according to data released this week. That figure remains high, but it still represents significant improvement in the local housing market, Irvine-based CoreLogic reported in its monthly analysis of distressed home sales throughout …

The Inland Empire office market might be showing signs of life. Net absorption of office space totaled 35,141 square feet during the first three months of this year, meaning the region has added to its net office occupancy in 17 of the last 19 quarters, according to Newmark, Grubb, Knight …

An Upland shopping center is about to get a makeover. Upland Village Center at 229 E. Foothill Blvd. is being purchased by Yavitz Cos. Inc. in Seal Beach, City Manager Rod Butler said. Once that process is complete, the developer plans to renovate four buildings at the complex and demolish …