Real Estate

Newcastle Partners Inc. has purchased land in Chino where it plans to develop an industrial building. The 78,000-square-foot structure will be built on 3.6 acres at 5490 Schaefer Ave., property Newcastle purchased from the city of Chino for an undisclosed sum, according to a statement. Lee & Associates represented Newcastle …

Single-family home prices increased six percent in the Inland Empire in November year-over-year, according to data released Tuesday. Compared with October 2015, home prices in Riverside and San Bernardino counties were down 0.2 percent, Core Logic reported in its monthly Home Price Index and HPI Forecast. Both of those numbers …

An office building in Redlands has been sold. The two-story structure at 1901 Orange Tree Lane sold for $3.5 million, said Rick Lazar, senior vice president with Coldwell Banker Commercial Sudweeks Group, which occupies about 10 percent of the structure. The buyer was a private investment group in Ontario. Coldwell …

The market improved in 2015, and it will most likely continue to do so this year, but several factors are preventing the robust comeback everyone is hoping for. Yes, the Inland Empire housing market improved during 2015. Both sales and median prices were up as the year came to an …

Home Cash Sales down Locally, Nationally Cash sales of single-family homes in the Inland Empire dropped in September. Houses purchased with cash accounted for 23.7 percent of all single-family home sales in Riverside and San Bernardino counties during that month, down 2.9 percent year-over-year, according to data released by CoreLogic …

The Promenade at Temecula will add two new retailers to its tenant mix next year. Luna Grill, a Mediterranean restaurant with healthy menu options that include gourmet salads wholesome wraps, is scheduled to open its first Riverside County location at the Promenade, according to a statement. The restaurant will be …