A group of real estate professionals on Wednesday called on San Bernardino County to diversify its economy and do a better job of marketing itself to young professionals. In short, the county can’t rely forever on an abundant supply of affordable land and housing to attract businesses and grow its …
Read More »Local Distressed Sales Keep Falling
Distressed sales accounted for 10.5 percent of all single-family home sales in the Inland Empire in January, according to data released this week. That figure remains high, but it still represents significant improvement in the local housing market, Irvine-based CoreLogic reported in its monthly analysis of distressed home sales throughout …
Read More »Local Office Market Perks Up
The Inland Empire office market might be showing signs of life. Net absorption of office space totaled 35,141 square feet during the first three months of this year, meaning the region has added to its net office occupancy in 17 of the last 19 quarters, according to Newmark, Grubb, Knight …
Read More »Shopping Center to Undergo Improvements
An Upland shopping center is about to get a makeover. Upland Village Center at 229 E. Foothill Blvd. is being purchased by Yavitz Cos. Inc. in Seal Beach, City Manager Rod Butler said. Once that process is complete, the developer plans to renovate four buildings at the complex and demolish …
Read More »Inland Empire Home Prices Continue to Rise
Single-family home prices in the Inland Empire, including distressed sales, rose 6.6 percent in February year-over-year, according to data released Tuesday. That was virtually the same as the nationwide increase – 6.8 percent – during that time, CoreLogic reported in its monthly report on home prices. Fixed mortgage rates dropped …
Read More »Trio of Inland Empire Cities Add High-End Housing
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 …
Read More »