Distressed sales made up 10.3 percent of all homes sales in the Inland Empire during February, according to data released Thursday. That was down from a peak of 76.3 percent in February 2009, a drop of 66 percent, Irvine-based CoreLogic reported in its monthly analysis of distressed home sales in …
Read More »Local Retail Brokerage Team Jumps Ship
One of the Inland Empire’s top retail brokerage teams is switching jerseys. Scott Kaplan and Erik Westedt have been hired by JLL away from CBRE Group Inc., according to a statement released Tuesday. The duo, which has completed more than $5 billion worth of transactions, will work out of JLL’s Ontario …
Read More »Home Prices Continue to Increase
Single-family home prices in the Inland Empire, including distressed sales, increased 6.3 percent in March year-over-year, according to data released Tuesday. Month-over-month the increase in prices for Riverside and San Bernardino counties was negligible – 0.4 percent – Irvine-based CoreLogic reported in its monthly Home Price Index and HPI Forecast. …
Read More »East Coast Retailer Leases Riverside Industrial Building
Ascena Retail Group has signed a 10-year plus lease on an industrial building in Riverside. The Mahwah, N.J.-based company will occupy the 582,772-square-foot building at 7295 San Gorgonio Drive starting July 1, according to a statement by Western Realco in Newport Beach. The building will be Ascena’s first warehouse-distribution operation …
Read More »Local Foreclosures Decline
Foreclosures in the Inland Empire dropped in February, according to data released Tuesday. The rate of foreclosures among outstanding mortgage loans in the two-county region during the second month of the year was 0.67 percent, a drop of 0.21 percentage points year-over-year, Irvine-based CoreLogic reported. That was well below the …
Read More »Home Cash Sales Down
Cash sales of single-family homes in the Inland Empire dropped slightly in January, according to data released Friday. Twenty seven point six percent of all homes sold in Riverside and San Bernardino counties during the first month of 2016 were cash transactions, down 1.5 percent year-over-year, Irvine-based CoreLogic reported. That …
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