Real Estate

Club Business Park, a 51,000-square-foot business property in San Bernardino, has been sold. The facility, at 164-194 W. Club Center Drive and 2211 S. Hunts Lane, sold for $2.8 million, according to Marcus & Millichap, which brokered the deal. The transaction was announced Thursday. The buyer and seller were both …

Like its office market, the Inland Empire regional market just completed a decent year, but not a spectacular one. As 2016 approaches, look for more retailers to enter the local market and lease rates to creep up a little bit, but not much in the way of new development. The …

The Inland Empire housing market stayed solid in November. Sales of single-family homes were up 5.5 percent in Riverside County and 2.3 percent in San Bernardino County last month compared with November 2014, according to data released Wednesday by CoreLogic in Irvine. Prices also posted solid gains: the median price …

The Inland Empire housing market stayed solid in November. Sales of single-family homes were up 5.5 percent in Riverside County and 2.3 percent in San Bernardino County last month compared with November 2014, according to data released Wednesday by CoreLogic in Irvine. Prices also posted solid gains: the median price …

Negative equity among residential properties in the Inland Empire dropped during the third quarter, according to data released Tuesday. Overall, 11.4 percent of mortgaged residential properties were burdened by negative equity during the third quarter, down from 15 percent year-over-year, Irvine-based CoreLogic reported. About 2.4 percent of mortgaged properties in …

Vacancy is declining and lease rates are holding steady, but speculative development probably won’t happen in 2016. Absorption will likely continue, and maybe even accelerate, if interest rates remain low. While far from reaching a full recovery, the Inland Empire’s office market showed signs of life during 2015. Its vacancy …