Real Estate

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 …

Single-family home prices in the Inland Empire, including distressed sales, rose 6.6 percent in February year-over-year, according to data released Tuesday. That was virtually the same as the nationwide increase – 6.8 percent – during that time, CoreLogic reported in its monthly report on home prices. Fixed mortgage rates dropped …

Lennar Corp., the Miami-based builder of single-family homes, has developed three housing communities in the Inland Empire. Berkshire in Chino, Marbella at Terracina in Temecula and Citrus Heights in Riverside all were scheduled to hold grand openings Saturday, according to statements released by Lennar. The houses include as many as …

Newmark Grubb Knight Frank is looking for tenants for an industrial project in Lake Elsinore. Big Yards Industrial Park at Lake Elsinore is being built at 29370 – 29415 Hunco Way, near Central and Collier avenues west of Interstate 15, according to a statement. When finished, the project will have …

The Inland Empire industrial market is experiencing market conditions not seen in two decades, according to one of the region’s prominent industrial brokers. “The combination of high demand, low vacancies, and a shortage of land for new construction is driving up prices of industrial land and buildings in most submarkets,” …

Cash sales accounted for 27.2 percent of all home sales in the Inland Empire during December. That represented a year-over-year drop of nearly one percent and was well below the national rate of 33.4 percent for the last month of 2015, Irvine-based CoreLogic reported Friday. Nationwide, cash sales last year …