Real Estate

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 …

The number of mortgaged residential properties in the Inland Empire with negative equity attached to them declined during 2015, another indication of the local housing industry’s slow but steady improvement. In all, 92,310 homes – about 11.2 percent of residential properties with a mortgage Riverside and San Bernardino counties – …

Distressed home sale accounted for 10.7 percent of all single-family home sales in the Inland Empire in December, Irvine-based CoreLogic reported Wednesday. Since February 2009, when distressed sales in Riverside and San Bernardino counties reached a peak of 76.3 percent, the region’s share of distresses sales have dropped 65.6 percent. …