Friday , May 24 2024

Real Estate

Inland Empire Distressed Properties on the Decline

Inland Empire News for April 13th.002

The Inland Empire housing market is doing a good job of ridding itself of its distressed properties. The percentage of distressed properties sold in Riverside and San Bernardino counties in August was 11.4 percent, down from its peak of 76.3 percent in February 2009, according to data released Wednesday by …

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Housing Development to Break Ground

Housing Development to Break Ground

A groundbreaking is scheduled Thursday on the first phase a large master-planned community in Corona. Terramor will consist 1,443 single-family lots, most of which will be set aside for residents 55 and older, according to a statement released Tuesday by Foremost Cos. in Corona, the project’s developer. The project will …

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Riverside buys office building

Riverside buys office building

Riverside has purchased the downtown office building that has been partially occupied by its public utilities department for the past four years. Mission Square, a six-story structure at 3750 University Ave., sold for $37.9 million following several months of negotiations, said John Daciolas, senior managing director with Newmark, Grubb Night …

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Inland apartments part of major transaction

Inland apartments part of major transaction

Three Inland Empire apartment properties with a combined 1,144 units will be sold. The properties, which were not specifically identified, were part of a $5.3 billion transaction between Equity Residential and Starwood Capital Group, according to a statement released Monday. Equity Residential, a private investment firm based in Greenwich, Conn., …

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Investors may be fleeing Inland housing market

Investors may be fleeing Inland housing market

Cash sales of homes in the Inland Empire fell five percent year-over-year in July, according to data released Friday by CoreLogic. Overall, cash sales accounted for nearly 24 percent of all home sales in Riverside and San Bernardino counties during the seventh month of the year. That was well below …

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Inland housing market looks solid

Like all of Southern California, the Inland Empire posted strong housing numbers in September, both in sales and in median prices. Sales in Riverside and San Bernardino counties last month were up 12.6 percent and 6.9 percent respectively compared with September 2014, according to data released Monday by CoreLogic in …

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